Property Rates in Peddar Road, Mumbai

The Peddar Road real estate market primarily caters to apartment living, which is the dominant property type. Apartments here currently average ₹63,369 per sq ft, reflecting a positive change of 1.78%. This steady growth underscores the consistent demand for residential units in this highly sought-after Mumbai location.

Properties in Peddar Road are available across various development stages, appealing to different buyer preferences. 'Well Occupied' units, representing 12 properties, lead the market with an average price of ₹74,068 per sq ft and have experienced a strong 7.29% appreciation. In contrast, 'Ready To Move' properties, with 11 units available, are priced at an average of ₹60,783 per sq ft but have seen a 4.9% decrease, offering potential value for immediate occupancy.

Peddar Road's property rates, averaging ₹63,369 per sq ft, position it competitively among its affluent neighbors. While it stands above areas like Mahalaxmi at ₹61,915 per sq ft and Grant Road at ₹51,036 per sq ft, it offers a more accessible entry point compared to the ultra-luxury market of Altamount Road, which commands a significantly higher ₹97,318 per sq ft. Other nearby localities like Gowalia Tank and Gamdevi also feature higher average rates at ₹73,838 per sq ft and ₹84,029 per sq ft respectively, while Cumbala Hill and Breach Candy are priced closely to Peddar Road.