Property Rates in Peddar Road, Mumbai 2026

The property price trend in Peddar Road has shown a shift over the last few quarters. While the micromarket rate was recorded at ₹40,300 per sq ft in June 2026, it was higher at ₹46,350 per sq ft in March 2026 and December 2025, reflecting a period of price adjustment in the local market.

Property rates vary significantly across the vicinity of Peddar Road. As of June 2026, Altamount Road commands a premium at ₹1.31 Lakh per sq ft (which has appreciated by 38.64% from June 2025 to June 2026), while areas like Agripada are more accessible at ₹35,550 per sq ft (which has depreciated by 5.64% over the same period). Other notable rates include Gamdevi at ₹84,050 per sq ft and Breach Candy at ₹76,550 per sq ft, both of which have seen appreciation compared to the previous year.

Ready To Move properties in Peddar Road currently command an average asking price of ₹70,450 per sq ft as of June 2026, marking a significant appreciation of 15.9% compared to the previous period. In contrast, Well Occupied properties are priced at an average of ₹67,350 per sq ft, which has seen a depreciation of 9.58% over the same timeframe, suggesting that buyers are currently placing a higher premium on newly available ready-to-occupy inventory.

As of June 2026, the average rental rate in Peddar Road is ₹197 per sq ft, which has appreciated by 1.55% compared to the previous period. The locality offers a rental yield of 3.73%, providing investors with a clear metric to evaluate the income potential of their capital outlay in this premium residential pocket.

Rental rates in Peddar Road are segmented by unit size to cater to diverse tenant profiles. As of June 2026, a 1 BHK apartment typically rents for ₹1.05 Lakh per month, a 2 BHK apartment averages ₹2.18 Lakh per month, and a 3 BHK apartment commands approximately ₹4.12 Lakh per month. These figures reflect the premium nature of the locality and the high demand for varied residential spaces.

Several premium projects lead the rental market in Peddar Road as of June 2026. Kalpataru Ajay tops the list with a current rental rate of ₹270 per sq ft, followed by Kalpataru Neelambar at ₹265 per sq ft and Tata Petit Towers at ₹253 per sq ft. These projects maintain their high rental positioning due to their prime location and premium amenities, with rates showing stability or slight appreciation, such as the 2.91% increase seen at Vimla Mahal.

Rental rates in the vicinity of Peddar Road show significant variance as of June 2026. While Peddar Road averages ₹197 per sq ft, areas like Tardeo, Cumbala Hill, Breach Candy, Kemps Corner, and Gamdevi all command a higher average of ₹250 per sq ft. Notably, Babulnath has seen a significant rental appreciation of 63.4% compared to the previous period, whereas Mahalaxmi Racecourse has experienced a depreciation of 24.23%.

As of June 2026, several marquee projects in Peddar Road feature the highest listing rates. Kalpataru Ajay, Kalpataru Vikas, Kalpataru Neelambar, and Kalpataru Parag all list at ₹1 Lakh per sq ft. Other premium developments include Sett Minar at ₹91,350 per sq ft, which has appreciated by 2.02%, and Tata Petit Towers at ₹87,900 per sq ft, which has appreciated by 1.98%.

Investors should use the June 2026 data to balance capital appreciation against rental income. With an average sale price of ₹63,350 per sq ft and a rental yield of 3.73%, Peddar Road presents a stable investment profile. Monitoring the price trends of specific projects like Mount Unique, which has seen a 13.58% appreciation in listing rates, can help identify assets that are outperforming the broader market average.