Property Rates in Nariman Point, Mumbai 2026

Property rates in Nariman Point at ₹81,550 per sq ft are positioned among the higher end of the South Mumbai market. For comparison, neighbouring areas show varying price points: Altamount Road leads at ₹1.35 Lakh per sq ft (up 3.31% from the previous period), while Papanas Wadi is at ₹1.21 Lakh per sq ft. Other nearby localities like Walkeshwar at ₹92,650 per sq ft (down 2.44%) and Malabar Hill at ₹85,200 per sq ft (down 10.96%) reflect the premium nature of this geography, whereas areas like Nagpada at ₹35,050 per sq ft (down 0.18%) offer more accessible entry points.

The rental yield in Nariman Point stands at 6.56% as of September 2026. For investors, this yield represents the annual rental income relative to the property's capital value, serving as a key indicator of potential return on investment. With an average rental rate of ₹446 per sq ft, which has appreciated by 10.95% compared to the previous period, the area demonstrates a robust rental market that complements its high-value capital status.

Office spaces in Nariman Point command an average rental rate of ₹450 per sq ft as of September 2026. This rate has appreciated by 10.95% compared to the previous period, reflecting strong demand for commercial real estate in this prime business district.

The average rent for a 3 BHK apartment in Nariman Point is ₹3.12 Lakh per month as of September 2026. This figure provides a clear benchmark for tenants and landlords looking at large-format residential units in the locality, which remains a highly sought-after address in South Mumbai.

Rental rates in the vicinity of Nariman Point show significant variance, with Churchgate and Cuffe Parade leading the nearby areas at ₹250 per sq ft. Churchgate has seen an appreciation of 5.19% and Cuffe Parade an appreciation of 1.23% compared to the previous period. Conversely, areas like Walkeshwar at ₹200 per sq ft have seen a depreciation of 8.85%, and Girgaum Chowpatty at ₹150 per sq ft has experienced a depreciation of 10.92% over the same timeframe, highlighting the premium commanded by the immediate Nariman Point and Churchgate corridors.

Ready To Move properties in Nariman Point are currently priced at an average of ₹60,750 per sq ft as of September 2026. This rate has depreciated by 15.3% compared to the previous period, suggesting a market adjustment for completed inventory in the locality.

NCPA Apartments currently holds the highest listing rate in Nariman Point at ₹94,250 per sq ft as of September 2026, showing 0% change. Other premium projects include Mittal Court at ₹65,400 per sq ft (0% change), and Atul Ipanema and Atul Residential Tower, both at ₹63,250 per sq ft, which have depreciated by 10.51% compared to the previous period. These rates reflect the diverse pricing landscape across the locality's established residential buildings.

The Government Registration Rate in Nariman Point is ₹55,000 per sq ft as of September 2026. This figure serves as a benchmark for stamp duty and registration calculations, which may differ from the actual market asking price of ₹81,550 per sq ft. Buyers should use this rate to estimate the mandatory transaction costs involved in property acquisition in the area.