Property Rates in Peddar Road, Mumbai 2026

Property rates in Peddar Road have experienced fluctuations in the micromarket rate over the past year. As of June 2026, the micromarket rate stands at ₹40,300 per sq ft, down from ₹46,350 per sq ft in March 2026 and December 2025, which indicates a recent market correction in the broader micromarket area.

Property rates in Peddar Road vary significantly when compared to surrounding areas in Mumbai. For instance, Altamount Road commands a premium at ₹1.35 Lakh per sq ft (which has appreciated by 3.31% from the previous period), while Tardeo is priced at ₹89,400 per sq ft, showing a notable appreciation of 20.86%. Conversely, areas like Grant Road are priced lower at ₹49,700 per sq ft, which has seen a depreciation of 10.77% over the same timeframe.

Ready To Move properties in Peddar Road are currently priced at an average of ₹67,600 per sq ft as of June 2026, which has depreciated by 4.05% compared to the previous period. In comparison, properties categorized as Well Occupied are priced at ₹48,200 per sq ft, reflecting a significant depreciation of 28.45%.

The average rental yield in Peddar Road is 4.19% as of June 2026, providing a clear indicator of the income potential relative to the capital investment for property owners. With an average rental rate of ₹221 per sq ft, which has appreciated by 12.18% compared to the previous period, the area continues to attract interest from those looking for stable rental income in a high-value market.

Rental rates in Peddar Road are tiered based on the BHK configuration, with 1 BHK apartments averaging ₹1.05 Lakh per month, 2 BHK units at ₹2.18 Lakh per month, and 3 BHK apartments reaching ₹4.12 Lakh per month as of June 2026. These figures reflect the premium nature of the locality, catering to a diverse range of tenant profiles from professionals to families seeking luxury living.

As of June 2026, the projects commanding the highest rental rates in Peddar Road 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 maintain their premium status due to their location and amenities, with rates remaining stable at 0% change for these specific developments compared to the previous period.

Rental rates across micromarkets near Peddar Road show varied performance as of June 2026. Locations such as Tardeo, Cumbala Hill, Breach Candy, Kemps Corner, and Gamdevi all command an average rental rate of ₹250 per sq ft, with Kemps Corner showing a strong appreciation of 19.05% and Gamdevi seeing a significant 37.5% increase. In contrast, areas like Mahalaxmi and Mahalaxmi Racecourse are priced at ₹200 per sq ft, with the latter experiencing a depreciation of 24.23%.

The top projects in Peddar Road by listing rates as of June 2026 include Sett Minar at ₹94,950 per sq ft (which has appreciated by 3.95%) and the Kalpataru group of projects, including Kalpataru Ajay, Kalpataru Neelambar, and Kalpataru Vikas, all listed at ₹90,550 per sq ft, reflecting a depreciation of 9.85%. These projects represent some of the most premium residential addresses in the locality.

Buyers should use the property rates data for Peddar Road to understand the premium positioning of the locality, which currently averages ₹63,350 per sq ft as of June 2026. By comparing this against the status-wise pricing, such as the ₹67,600 per sq ft for Ready To Move units, and observing the rental yield of 4.19%, investors and end-users can better gauge the balance between capital appreciation and potential rental returns in this high-end market.