Property rates in Peddar Road average ₹63,350 per sq ft. This prime South Mumbai residential hub continues to attract significant interest, with property values showing steady upward momentum. The market is particularly noted for its high-end apartment segment, which maintains robust pricing, and a strong rental yield of 3.73%. With established projects like Kalpataru Ajay leading the segment, Peddar Road remains a premier choice for those seeking luxury living in an iconic location.
Insights for Peddar Road, Mumbai Real Estate Market Overview
Peddar Road continues to be a cornerstone of luxury real estate in South Mumbai, with average property rates currently at ₹63,350 per sq ft. Market trends indicate a consistent demand for high-end residential units, supported by a healthy rental yield of 3.73% which highlights its attractiveness for long-term investors. Rental demand is particularly strong for larger configurations, as seen in the 3 BHK segment which commands monthly rents of ₹4.12 Lakh. The area is characterized by a mix of well-occupied developments and premium apartment projects, ensuring a stable environment for prospective buyers and tenants.
Average property rates in Peddar Road have reached ₹63,350 per sq ft, reflecting sustained demand.
The rental market shows strong returns, with an average yield of 3.73% and monthly rents for 3 BHK units reaching ₹4.12 Lakh.
Premium projects like Kalpataru Ajay, Kalpataru Neelambar, and Kalpataru Vikas are all currently priced at ₹1.16 Lakh per sq ft.
Ready to move projects are highly sought after, with an average price of ₹64,650 per sq ft and a 6.34% growth rate.
The locality benefits from its proximity to other high-value areas like Breach Candy and Altamount Road, which maintain distinct market premiums.
Market Strengths
Strong overall average property rate of ₹63,350 per sq ft confirms the locality's status as a top-tier residential market.
Consistent upward trend in property rates throughout 2025 demonstrates the area's resilience.
Significant rental demand for diverse configurations, ranging from ₹1.03 Lakh to ₹4.12 Lakh per month.
High desirability of well-occupied projects, which maintain a premium average price of ₹79,650 per sq ft.
Prestigious project pipeline including Kalpataru and Tata developments ensures sustained luxury market appeal.
Competitive rental rates across the board, with an average of ₹197 per sq ft.
Market Challenges
High entry price points, with premium projects starting at ₹1.16 Lakh per sq ft, may limit the buyer pool.
Some projects like Hubtown Monte Metro have seen a -3.71% decrease in rates, indicating potential volatility in specific segments.
Rental rates for certain older projects like Padam CHS Ltd have seen a decline of -16.4%, reflecting the need for careful property selection.
Sunita Apartment has experienced a -6.67% change in rental rates, suggesting fluctuating demand for specific older inventory.
Investment Opportunities
High rental yield of 3.73% makes Peddar Road an attractive option for long-term residential investors.
The 3 BHK segment provides high monthly rental income potential, averaging ₹4.12 Lakh per month.
Ready-to-move projects are showing positive growth of 6.34%, offering immediate value appreciation for buyers.
Established projects like Kalpataru Ajay offer strong brand equity and have seen a 15.54% increase in asking rates.
Well-occupied properties offer a stable, high-value asset class with an average price of ₹79,650 per sq ft.
Price Trend
Peddar Road, Mumbai Property Price Trends and Appreciation
Property rates in Peddar Road have shown positive movement, rising from ₹63,200 per sq ft in June 2025 to ₹63,350 per sq ft by December 2025. This upward trajectory underscores the enduring value of the location compared to the broader micromarket, which has remained relatively stable at approximately ₹46,350 per sq ft over the same period.
Peddar Road exists within a landscape of highly valued South Mumbai neighborhoods, with Breach Candy commanding a premium at ₹76,550 per sq ft. Nearby Gamdevi also maintains high valuations, averaging ₹84,050 per sq ft, while Tardeo and Cumbala Hill offer alternative luxury options at ₹73,950 and ₹70,450 per sq ft respectively. These areas collectively form a high-value cluster, though Peddar Road remains a competitively priced anchor for luxury residential investments in the heart of the city.
The Peddar Road residential market is exclusively defined by high-value apartment living. Apartments currently average ₹63,350 per sq ft, reflecting a 1.78% increase that highlights steady buyer interest. This segment continues to be the primary driver of real estate activity in the locality.
The market provides options for both immediate and future occupancy, with ready-to-move inventory leading the way. Ready-to-move projects average ₹64,650 per sq ft, having seen a 6.34% increase in value. Well-occupied units command an even higher premium at ₹79,650 per sq ft, reflecting the desirability of established residential communities in this sought-after area.
Project & Developer Insights
Top Residential Projects and Developers in Peddar Road
Top Projectsin Peddar Road
LnT Island Cove is the top project in Peddar Road with prices from ₹ 6.34 Cr.
LnT Island Cove
₹ 6.34 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.4 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
Lodha Sea Face
Price On Request
Mumbai South, Mumbai
Prestige Ocean Towers
₹ 26 Cr - ₹ 50.68 Cr
Mumbai South, Mumbai
Godrej Carmichael
₹ 87.92 Cr - ₹ 87.92 Cr
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Kalpataru leads in Mumbai with 82 projects and 50 years of experience.
Luxury residential projects define the skyline of Peddar Road, with several key developments setting high benchmarks. Kalpataru Ajay, Kalpataru Neelambar, Kalpataru Vikas, and Kalpataru Parag all lead the market, each priced at ₹1.16 Lakh per sq ft with growth between 15.54% and 16.21%. Sett Minar and Tata Petit Towers also offer significant value at ₹91,350 and ₹86,350 per sq ft respectively, catering to the aspirational needs of high-net-worth buyers.
Top projects in Peddar Road continue to command premium rents, with Kalpataru Ajay leading at ₹270 per sq ft. Kalpataru Neelambar follows closely at ₹265 per sq ft, while Tata Petit Towers maintains a rental rate of ₹253 per sq ft. Other notable projects such as Vimla Mahal and Mount Unique are also performing well, with rates of ₹212 and ₹204 per sq ft respectively.
Recent Registered Transactions
Recent Registered Transactions in Peddar Road
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-03-16
Floor 9, Unit 1
N/A
1220 Sq.Ft.
2025-11-10
Floor 2, Unit 10
1
1200 Sq.Ft.
2025-10-31
Floor 3, Unit 34, 35
N/A
1755 Sq.Ft.
2025-10-10
Floor 2, Unit 205
A
971 Sq.Ft.
2025-09-26
Floor 1, Unit 7
N/A
625 Sq.Ft.
2025-09-06
Floor 3, Unit 32
N/A
1812 Sq.Ft.
2025-09-05
Floor 4, Unit 26
N/A
648 Sq.Ft.
2025-08-29
Floor 6, Unit 603
N/A
1620 Sq.Ft.
2025-08-04
Floor 7, Unit 706
N/A
1561 Sq.Ft.
2025-07-25
Floor 7, Unit 63
N/A
657 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Peddar Road, Mumbai
Rental demand is robust across all unit types in Peddar Road, with 1 BHK apartments averaging ₹1.03 Lakh per month. The 2 BHK segment sees average monthly rents of ₹1.74 Lakh, while 3 BHK apartments are highly sought after at ₹4.12 Lakh per month, reflecting the area's popularity for larger, premium residential spaces. Rental rates vary across the vicinity, with Mahalaxmi and Cumbala Hill both commanding high averages of ₹250 per sq ft. Tardeo, Breach Candy, Altamount Road, Grant Road, and Gamdevi maintain a consistent rental benchmark of ₹200 per sq ft. Meanwhile, Gowalia Tank and Babulnath offer more accessible rental options at ₹150 per sq ft. The rental market in Peddar Road is dominated by apartment living, which averages ₹200 per sq ft. This segment has shown a steady 1.55% increase in rental rates, maintaining its appeal for tenants seeking high-quality residential options in South Mumbai. Top projects in Peddar Road continue to command premium rents, with Kalpataru Ajay leading at ₹270 per sq ft. Kalpataru Neelambar follows closely at ₹265 per sq ft, while Tata Petit Towers maintains a rental rate of ₹253 per sq ft. Other notable projects such as Vimla Mahal and Mount Unique are also performing well, with rates of ₹212 and ₹204 per sq ft respectively.
Rental demand is robust across all unit types in Peddar Road, with 1 BHK apartments averaging ₹1.03 Lakh per month. The 2 BHK segment sees average monthly rents of ₹1.74 Lakh, while 3 BHK apartments are highly sought after at ₹4.12 Lakh per month, reflecting the area's popularity for larger, premium residential spaces.
Rental rates vary across the vicinity, with Mahalaxmi and Cumbala Hill both commanding high averages of ₹250 per sq ft. Tardeo, Breach Candy, Altamount Road, Grant Road, and Gamdevi maintain a consistent rental benchmark of ₹200 per sq ft. Meanwhile, Gowalia Tank and Babulnath offer more accessible rental options at ₹150 per sq ft.
The rental market in Peddar Road is dominated by apartment living, which averages ₹200 per sq ft. This segment has shown a steady 1.55% increase in rental rates, maintaining its appeal for tenants seeking high-quality residential options in South Mumbai.
Frequently Asked Questions About Property Rates in Peddar Road, Mumbai
What is the current average asking price in Peddar Road?
As of March 2026, the average asking price in Peddar Road stands at ₹63,350 per sq ft. This rate has remained stable, showing a 0% change compared to the previous period, which indicates a consistent market valuation for residential apartments in this premium locality.
How have property price trends evolved in Peddar Road recently?
Property price trends in Peddar Road have shown a trajectory of stability and slight growth over the last few quarters. While the average asking price was ₹63,350 per sq ft as of March 2026, it rose from ₹62,250 per sq ft in September 2025 to ₹63,350 per sq ft by December 2025. This movement suggests a resilient demand for high-end residential assets in the area.
How does the average asking price in Peddar Road compare to nearby neighbourhoods?
Property rates in Peddar Road, currently at ₹63,350 per sq ft as of March 2026, are positioned competitively within South Mumbai. Nearby, Altamount Road commands a significantly higher average of ₹1.31 Lakh per sq ft (which appreciated by 38.64% from June 2025 to March 2026), while areas like Gamdevi are priced at ₹84,050 per sq ft (up by 0.2% over the same period). Conversely, Agripada offers a more accessible entry point at ₹35,550 per sq ft, despite a 5.64% depreciation observed from June 2025 to March 2026.
What is the difference in pricing between Ready To Move and Well Occupied properties in Peddar Road?
As of March 2026, Ready To Move properties in Peddar Road are priced at an average of ₹64,650 per sq ft, having appreciated by 6.34% from June 2025 to March 2026. In comparison, Well Occupied properties command a higher average of ₹79,650 per sq ft, which also saw an appreciation of 6.92% over the same period. This premium for well-occupied units often reflects the established nature and immediate livability of these specific projects.
What is the average rental yield in Peddar Road, and what does it signify for investors?
The average rental yield in Peddar Road is 3.73% as of March 2026, with an average rental rate of ₹197 per sq ft. This yield, which has seen an appreciation of 1.55% from June 2025 to March 2026, provides a clear benchmark for investors evaluating the income-generating potential of their capital outlay in this luxury market. A yield of this nature is characteristic of high-value, prime residential areas where capital appreciation and stable rental demand often go hand-in-hand.
What are the typical monthly rental rates for different BHK configurations in Peddar Road?
Rental rates in Peddar Road vary significantly by unit size as of March 2026. A 1 BHK apartment typically rents for ₹1.03 Lakh per month, while a 2 BHK unit averages ₹1.74 Lakh per month. For larger requirements, a 3 BHK apartment commands an average of ₹4.12 Lakh per month. These figures reflect the premium status of the locality and provide a guide for tenants and landlords regarding the monthly budget required for different living spaces.
Which projects in Peddar Road currently command the highest rental rates?
As of March 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 rates have remained stable with a 0% change compared to the previous period. These projects are recognized as premium rental options due to their specific amenities and established reputation within the Peddar Road micromarket.
How do rental rates compare across different micromarkets near Peddar Road?
Rental rates in the vicinity of Peddar Road show notable variation as of March 2026. While Peddar Road averages ₹197 per sq ft, areas like Cumbala Hill and Mahalaxmi command higher rates of ₹250 per sq ft. Conversely, locations such as Gowalia Tank and Babulnath offer more moderate rental rates at ₹150 per sq ft. Notably, Kemps Corner has seen a significant rental appreciation of 21.15% from June 2025 to March 2026, reaching ₹200 per sq ft.
What are the top-priced residential projects in Peddar Road by listing rates?
As of March 2026, the most premium residential projects in Peddar Road by listing rates include Kalpataru Ajay, Kalpataru Neelambar, Kalpataru Vikas, and Kalpataru Parag, all priced at ₹1.16 Lakh per sq ft. These projects have shown strong growth, with Kalpataru Neelambar appreciating by 16.21% and the others by 15.54% from June 2025 to March 2026. These high listing rates reflect the premium positioning of these developments within the South Mumbai real estate landscape.
How should a buyer interpret the property rate data provided for Peddar Road?
Buyers should use the property rate data for Peddar Road as a tool to benchmark current market expectations against historical trends. By observing that the average asking price is ₹63,350 per sq ft as of March 2026 with a 0% recent change, a buyer can identify that the market is currently in a phase of price stability. Comparing this to project-specific rates, such as Kalpataru Ajay at ₹1.16 Lakh per sq ft, helps in understanding the premium commanded by specific developments versus the broader locality average.
