Mumbai
The real estate market in Peddar Road is characterized by high-value residential properties that cater to a discerning segment of homebuyers. With an average asking price of ₹63,350 per sq ft, the area remains a benchmark for luxury living in South Mumbai. Rental activity is equally robust, reflecting strong demand for premium apartments with an average monthly rent of ₹221 per sq ft. The market composition is dominated by ready-to-move projects, ensuring immediate value for prospective residents. Overall, the area offers a stable investment environment backed by consistent rental yields and a portfolio of well-regarded residential complexes.
The average asking price in Peddar Road is ₹63,350 per sq ft as of September 2026. This rate has remained stable with a 0% change, indicating a period of price consistency in this premium locality.
Property prices in Peddar Road have shown a fluctuating trend throughout 2026, with the micromarket rate recorded at ₹40,950 per sq ft in September 2026. This follows a rate of ₹40,300 per sq ft in June 2026 and a peak of ₹46,350 per sq ft observed in both March 2026 and December 2025.
Ready To Move properties in Peddar Road are currently priced at an average of ₹67,600 per sq ft as of September 2026. This segment has seen a depreciation of 4.05% compared to the previous period, reflecting a recent market adjustment for completed residential inventory.
The average rental rate in Peddar Road is ₹221 per sq ft as of September 2026, which has appreciated by 12.18% compared to the previous period. Investors can note a rental yield of 4.19%, which serves as a key indicator of the income-generating potential of residential assets in this high-demand area relative to their capital value.
Rental rates in Peddar Road vary significantly by unit size as of September 2026. 1 BHK apartments command an average of ₹1.05 Lakh per month, 2 BHK units average ₹1.9 Lakh per month, and 3 BHK apartments are priced at an average of ₹4.12 Lakh per month, offering diverse options for tenants ranging from professionals to families.
As of September 2026, the premium projects commanding the highest rental rates include Kalpataru Ajay at ₹270 per sq ft, Kalpataru Neelambar at ₹265 per sq ft, and Tata Petit Towers at ₹253 per sq ft. These projects consistently rank at the top due to their prime location and high-end amenities, with most showing stable rental performance over the recent period.
Property prices in Peddar Road, at ₹63,350 per sq ft, sit in a competitive bracket compared to surrounding areas. For instance, Altamount Road commands a higher average of ₹1.35 Lakh per sq ft (which has appreciated by 3.31%), while Grant Road is more accessible at ₹49,700 per sq ft, though it has seen a depreciation of 10.77% as of September 2026.
Sett Minar leads the list with an average listing rate of ₹94,950 per sq ft as of September 2026, having appreciated by 3.95%. Other notable high-value projects include Kalpataru Vikas, Kalpataru Neelambar, and Kalpataru Ajay, all listed at ₹90,550 per sq ft, though these have seen a depreciation of 9.85% over the same period.
The 0% change in the overall average asking price of ₹63,350 per sq ft as of September 2026 suggests a balanced market where demand and supply are currently in equilibrium. For buyers, this stability provides a predictable environment for long-term investment, while investors should look at the 4.19% rental yield as a secondary indicator of sustained value.
The Well Occupied property segment in Peddar Road is currently priced at ₹48,200 per sq ft as of September 2026. This segment has experienced a significant depreciation of 28.45% compared to the previous period, which may present a unique entry point for buyers looking for established, lived-in residential communities.
