Mumbai
Peddar Road continues to be a premier residential destination in South Mumbai, characterized by high-value real estate and consistent rental demand. The local property market has shown positive momentum, with current average asking prices rising to ₹63,350 per sq ft. The rental market is equally robust, offering an average rental rate of ₹197 per sq ft and an attractive rental yield of 3.73%. Established projects maintain their value, while diverse apartment options ensure a steady flow of interest from both end-users and investors.
As of June 2026, the average asking price in Peddar Road stands at ₹63,350 per sq ft. 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 trajectory in recent quarters. While the average asking price reached ₹63,350 per sq ft by December 2025, the micromarket-level rate saw a decline from ₹46,350 per sq ft in March 2026 to ₹41,150 per sq ft as of June 2026, reflecting a shift in market dynamics.
Property rates in Peddar Road vary significantly when compared to surrounding areas in Mumbai South. For instance, Altamount Road commands a premium at ₹1.31 Lakh per sq ft, having appreciated by 38.64% from June 2025 to June 2026. Conversely, areas like Kemps Corner have seen a depreciation of 31.13% over the same period, bringing its average rate to ₹55,650 per sq ft.
As of June 2026, Ready To Move properties in Peddar Road are priced at an average of ₹70,450 per sq ft, which has appreciated by 15.9% compared to the previous period. In contrast, Well Occupied properties are currently priced at ₹67,350 per sq ft, reflecting a depreciation of 9.58% over the same timeframe.
The average rental yield in Peddar Road is 3.73% as of June 2026, providing a benchmark for investors evaluating income potential relative to capital investment. With an average rental rate of ₹197 per sq ft, which has appreciated by 1.55% since the last reporting period, the locality continues to attract interest from those seeking stable rental returns in a prime residential hub.
Rental rates in Peddar Road scale significantly with apartment size as of June 2026. A 1 BHK apartment typically rents for ₹1.05 Lakh per month, while 2 BHK units average ₹1.79 Lakh per month. For larger requirements, 3 BHK apartments command an average monthly rent of ₹4.12 Lakh, reflecting the high demand for spacious, premium housing in this locality.
As of June 2026, Kalpataru Ajay leads the rental market in Peddar Road with a current rental rate of ₹270 per sq ft, showing stable performance with a 0% change. Other premium projects include Kalpataru Neelambar at ₹265 per sq ft and Tata Petit Towers at ₹253 per sq ft, both of which also maintained stable rental pricing during this period.
Rental rates across micromarkets near Peddar Road show diverse growth patterns as of June 2026. While areas like Babulnath have seen a significant appreciation of 63.4% to reach ₹250 per sq ft, other locations like Mahalaxmi Racecourse have experienced a depreciation of 24.23%, bringing their average rental rate to ₹200 per sq ft.
Several projects in Peddar Road currently feature listing rates around ₹1 Lakh per sq ft as of June 2026, including Kalpataru Parag, Kalpataru Vikas, Kalpataru Neelambar, and Kalpataru Ajay. These projects represent the premium segment of the local market, with listing rates showing minor fluctuations, such as the 0.46% appreciation seen in Kalpataru Neelambar.
The 0% change in the average asking price of ₹63,350 per sq ft in Peddar Road as of June 2026 suggests a balanced market where demand and supply are currently in equilibrium. For buyers, this stability offers a predictable pricing environment, while investors may look at the rental yield of 3.73% to assess the long-term income potential of their capital outlay.
