Property Rates in Nariman Point, Mumbai

Property prices in Nariman Point, Mumbai have shown a mixed trend over the past year. From June 2025 to March 2026, the micromarket rate saw a significant increase from ₹28,731 per sq ft to ₹46,372 per sq ft, appreciating by approximately 58.14%. However, the location rate was ₹66,324 per sq ft in June 2025 and is not available for March 2026, suggesting potential data variations or a shift in reporting focus.

As of March 2026, Nariman Point's micromarket rate stands at ₹46,372 per sq ft. This is higher than its rate in December 2025 (₹29,645 per sq ft), showing an appreciation of 56.25%. Nearby areas like Churchgate show a significantly higher average rate of ₹77,423 per sq ft as of the latest data, having appreciated by 19.25%. Conversely, Masjid Bunder has a much lower average rate of ₹27,576 per sq ft with no reported change.

As of March 2026, the average price for an office space in Nariman Point, Mumbai is ₹65,316 per sq ft. This segment has experienced a slight appreciation of 0.69% over the past period, indicating stable demand for commercial properties in the area.

As of March 2026, Ready To Move properties in Nariman Point have an average price of ₹60,411 per sq ft. This represents a depreciation of 4.14% compared to the previous period, suggesting a potential softening in demand or increased inventory for completed units.

As of March 2026, Shalaka Apartment in Nariman Point has the highest listing rate at ₹73,529 per sq ft, although it has depreciated by 7.22%. Other projects with high listing rates include Nirmal Building at ₹69,230 per sq ft and Bakhtawar Tower at ₹61,350 per sq ft, both showing no change in rates.

As of March 2026, Buena Vista in Nariman Point recorded 1 transaction, with a current rate of ₹48,309 per sq ft. This project also ranks high in terms of value, with a sale value of ₹10.5 Cr, indicating significant high-value transactions despite a single recorded sale.

As of March 2026, the average rental rate in Nariman Point, Mumbai is ₹402 per sq ft. The rental market for office spaces in Nariman Point shows an average rate of ₹402 per sq ft, which has appreciated by 3.88%.

The provided data does not explicitly state the rental yield for Nariman Point. However, the average rental rate for office spaces is ₹402 per sq ft as of March 2026, which has appreciated by 3.88%. Investors should consider this rental income potential in relation to property sale prices to assess overall returns.

As of March 2026, the average monthly rent for a 3 BHK residential apartment in Nariman Point is ₹3.08 Lakh. This figure represents a key benchmark for rental income potential for larger residential units in this prime locality.

Rental rates vary significantly across micromarkets near Nariman Point. Cuffe Parade commands a high average rental rate of ₹244 per sq ft, appreciating by 10.41%. Churchgate follows with ₹231 per sq ft, while Girgaon, a more distant micromarket, has an average rental rate of ₹157 per sq ft, showing an appreciation of 12.14%.

The Government Registration Rate in Nariman Point is ₹55,003 per sq ft. This rate is used for official property transactions and is distinct from the average asking prices quoted by sellers.

As of March 2026, the average asking price in Nariman Point is ₹0 per sq ft, while the Government Registration Rate is ₹55,003 per sq ft. This significant difference suggests that the listed asking prices may not reflect the official valuation or that there is no current active listing data for the average asking price.

As of March 2026, properties marked as 'Well Occupied' in Nariman Point have an average price of ₹52,674 per sq ft, showing an appreciation of 5.07%. This suggests that established, occupied properties in Nariman Point are seeing increased demand and value.