Property Rates in Palaspe Phata, Navi Mumbai 2026

Property prices in Palaspe Phata have shown a steady trajectory over the past few quarters. While the average asking price was ₹11,950 per sq ft in December 2025, it rose to ₹12,400 per sq ft by March 2026. This upward movement in the early part of the year reflects growing demand for residential real estate in this locality.

Property prices in Palaspe Phata, currently at ₹12,400 per sq ft, sit in a competitive range compared to surrounding areas. For instance, Kamothe Sector 21 commands a higher average of ₹16,900 per sq ft, having appreciated by 17.06% from June 2025 to March 2026. Meanwhile, Vadghar offers a more accessible entry point at ₹11,200 per sq ft, which has seen a modest appreciation of 0.65% over the same period.

As of September 2026, Ready To Move properties in Palaspe Phata are priced at an average of ₹11,750 per sq ft, having appreciated by 6.45% compared to the previous period. In contrast, Under Construction projects are averaging ₹12,150 per sq ft, which represents a depreciation of 3.55% over the same timeframe. This indicates that buyers are currently finding more value in established, ready-to-occupy inventory compared to new project launches.

New Launch projects in Palaspe Phata are currently commanding a premium, with an average price of ₹13,750 per sq ft as of September 2026. This segment has seen significant growth, appreciating by 24.09% compared to the previous period, reflecting strong developer confidence and buyer interest in upcoming inventory.

Prominent projects in Palaspe Phata include Marathon Nexzone Nirvana, which is listed at ₹13,750 per sq ft, showing an appreciation of 24.09% over the comparison period. Arihant Akanksha is another key project priced at ₹13,600 per sq ft, which has appreciated by 26.36%. Conversely, Arihant Aspire is listed at ₹13,500 per sq ft, reflecting a depreciation of 7.4% from the previous period, while SP Krishna Enclave is currently available at ₹9,900 per sq ft, having depreciated by 12.46%.

Rental rates in the vicinity of Palaspe Phata show varied performance across different neighbourhoods. In New Panvel, the average rental rate is ₹50 per sq ft, which has appreciated by 12.9% compared to the previous period. Meanwhile, Khanda Colony also maintains an average rental rate of ₹50 per sq ft, with rates remaining stable at 0% change over the same period.

Buyers should use the provided data to compare the current average asking price of ₹12,400 per sq ft against their budget and the specific property status they are targeting. By observing that Ready To Move properties are currently priced at ₹11,750 per sq ft while New Launch projects are at ₹13,750 per sq ft, investors can better assess whether they prefer immediate occupancy or the potential for future capital appreciation associated with newer developments.