Navi Mumbai
The real estate market in Nerul presents a blend of established residential pockets and evolving commercial spaces, with an average asking price of ₹32,300 per sq ft. Recent quarterly trends show price fluctuations, moving from ₹29,350 in September 2025 to current levels, signaling active market adjustments. Rental demand is robust, particularly for residential apartments, while commercial office spaces continue to attract attention despite varied yield performance. Developers are maintaining a steady supply, with ready-to-move projects seeing significant price appreciation, highlighting the preference for immediate occupancy.
As of June 2026, the average asking price in Nerul is ₹32,300 per sq ft. This figure reflects a marginal appreciation of 0.23% compared to previous reporting periods, indicating a stable and resilient market environment for residential property seekers in this locality.
The average asking price in Nerul is currently ₹32,300 per sq ft, which sits significantly above the Government Registration Rate of ₹18,450 per sq ft as of June 2026. Buyers should note that while the Government Registration Rate serves as a benchmark for stamp duty and registration calculations, the actual market value is driven by demand, project amenities, and location-specific infrastructure.
Property prices in Nerul have shown a fluctuating trajectory throughout the recent quarters. As of June 2026, the location rate stands at ₹30,000 per sq ft, following a peak of ₹32,300 per sq ft in March 2026. This movement suggests a period of market adjustment following the growth observed from September 2025 (₹29,350 per sq ft) to December 2025 (₹32,200 per sq ft).
Property rates in Nerul vary significantly by sector. As of June 2026, Sector 29 Nerul commands a premium average asking price of ₹32,800 per sq ft, having appreciated by 7.89% over the observed period. In contrast, Nerul Sector 24 and Nerul Sector 17 offer more accessible entry points at ₹22,850 per sq ft and ₹22,950 per sq ft respectively, both of which have remained stable with 0% change in their rates.
As of June 2026, apartments in Nerul are priced at an average of ₹30,000 per sq ft, which has seen a depreciation of 7.03% compared to the prior period. Office spaces are currently priced at ₹27,500 per sq ft, reflecting a depreciation of 5.36%, while villas are available at an average of ₹24,100 per sq ft, showing a depreciation of 5.07% over the same timeframe.
As of June 2026, Under Construction projects in Nerul are priced at ₹26,800 per sq ft, reflecting an appreciation of 10.92%. Meanwhile, Ready To Move properties are priced at ₹25,300 per sq ft, which has seen a notable appreciation of 19.09% compared to the previous period, signaling strong demand for immediate occupancy in the area.
As of June 2026, the average rental rate in Nerul is ₹64 per sq ft, which has seen a depreciation of 16.88% compared to the prior period. The rental yield for the locality stands at 2.38%, a key metric for investors to evaluate the income-generating potential of their property relative to the current average sale price of ₹32,300 per sq ft.
Rental rates in Nerul as of June 2026 scale according to unit size, providing options for various tenant profiles. A 1 BHK apartment typically rents for ₹36,000 per month, while a 2 BHK commands ₹66,000 per month. For larger requirements, 3 BHK units are available at ₹92,100 per month, and 4 BHK units reach an average of ₹1.65 Lakh per month, reflecting the premium nature of larger residential spaces in the locality.
As of June 2026, DDSR Swapnpoorti CHS leads the rental market in Nerul with a rate of ₹110 per sq ft, showing stable pricing with 0% change. Other premium rental projects include Twist Land Apartment at ₹87 per sq ft and Sneh CHS at ₹84 per sq ft. These projects generally command higher rents due to their specific location advantages and project-level amenities within the Nerul micromarket.
The rental yield of 2.38% in Nerul as of June 2026 provides investors with a baseline for annual rental income relative to the capital value of the property. When combined with the current average asking price of ₹32,300 per sq ft, this yield helps investors determine if the property serves their goal of long-term capital appreciation or immediate cash flow, keeping in mind the recent 16.88% depreciation in the overall average rental rate.
