Property rates in Prabhadevi average ₹62,850 per sq ft, reflecting a stable yet premium market position. This enclave remains one of Mumbai's most sought-after residential hubs, supported by a healthy rental yield of 3.82%. Investors and homebuyers alike are drawn to the area's mix of ready-to-move and under-construction luxury projects, which continue to anchor its status as a high-value real estate destination in South Mumbai.
Insights for Prabhadevi, Mumbai Real Estate Market Overview
The Prabhadevi real estate market displays resilience, with current property rates averaging ₹62,850 per sq ft. Recent trends show a measured adjustment in values, while rental demand remains robust, particularly for premium apartments and office spaces. Government registration data confirms significant market activity, with 225 transactions totaling ₹1,211 Cr recorded between June 2025 and May 2026. Established developers continue to lead the transaction landscape, ensuring a steady supply of high-end inventory that caters to discerning buyers.
The rental market offers a competitive yield of 3.82%, with average monthly rents for 3 BHK units reaching ₹3.25 Lakh.
Ready-to-move projects currently dominate the supply with 116 units, providing immediate options for home seekers.
Rustomjee Crown stands out as a top project by transaction volume, commanding a rate of ₹72,200 per sq ft.
Office space rentals have seen a notable increase of 31.48%, currently averaging ₹350 per sq ft.
Under-construction projects show positive growth, with rates currently at ₹56,900 per sq ft.
Market Strengths
High average asking price of ₹62,850 per sq ft demonstrates the area's premium status.
Robust transaction volume with 225 registrations over the past year.
Strong rental demand with 3 BHK units commanding an average rent of ₹3.25 Lakh per month.
Significant gross transaction value of ₹1,211 Cr highlights high liquidity.
Dominance of ready-to-move supply provides security for immediate occupancy seekers.
Market Challenges
Rental rates for apartments have experienced a slight decline of -2.91%.
New launch projects have seen a price adjustment of -3.13%.
Partially ready-to-move projects have recorded a decline of -2.38% in average rates.
Investment Opportunities
Rental yield of 3.82% offers a steady income stream for residential property owners.
Under-construction projects show a positive rate growth of 0.83%, indicating potential for appreciation.
Office space rentals have surged by 31.48%, making commercial investments highly attractive.
Studio apartments at ₹31,750 per month provide an entry-level rental opportunity in a premium locality.
Top Localities in Prabhadevi, Mumbai
Senapati Bapat Marg
Avg Price₹ 54,950 /sqft
Avg Rent₹ 227 /sq
ft
YIELD
+ 4.96
LISTINGS
9
Price Trend
Prabhadevi, Mumbai Property Price Trends and Appreciation
Property rates in Prabhadevi have shown moderate fluctuations, moving from ₹65,100 per sq ft in June 2025 to the current level of ₹62,850 per sq ft. This trend underscores a period of market consolidation following earlier peaks. The current pricing reflects the locality's enduring appeal as a premium residential destination.
Prabhadevi exhibits varied pricing across its immediate surroundings, with nearby Worli commanding a premium at ₹74,050 per sq ft. In contrast, Upper Worli is priced at ₹61,100 per sq ft, while Dadar West offers a more accessible entry point at ₹57,200 per sq ft. Other pockets like Lower Parel and Parel hover at ₹56,950 per sq ft and ₹46,050 per sq ft respectively, providing diverse options for investors looking at different segments of the South Mumbai market.
Prabhadevi's residential market is primarily driven by apartment living, which averages ₹62,850 per sq ft. This segment has seen a slight adjustment of -1.63%, reflecting current market dynamics. Buyers seeking high-end living in this locality are primarily focused on these apartment configurations.
The market provides options across various development stages, with 116 Ready to Move units averaging ₹49,500 per sq ft. Under-construction inventory, totaling 8 projects, is priced at ₹56,900 per sq ft and has seen a positive growth of 0.83%. Partially ready projects and new launches offer further variety, with prices ranging from ₹48,800 to ₹64,800 per sq ft, catering to diverse possession timelines.
Project & Developer Insights
Top Residential Projects and Developers in Prabhadevi
Top Projectsin Prabhadevi
Kalpataru Oceana is the top project in Prabhadevi with prices from ₹ 22.32 Cr to 38.46 Cr.
Kalpataru Oceana
₹ 22.32 Cr - ₹ 38.46 Cr
Mumbai South, Mumbai
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
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Lodha leads in Mumbai with 110 projects and 39 years of experience.
Lodha
₹ 67.27 L - ₹ 98.63 Cr
110 Projects
39 Years
Kalpataru
₹ 97.29 L - ₹ 71.98 Cr
82 Projects
50 Years
Rustomjee
₹ 25.75 L - ₹ 62.31 Cr
68 Projects
23 Years
Tata
₹ 1.26 Cr - ₹ 16.49 Cr
15 Projects
35 Years
Birla Estates
₹ 9.81 Cr - ₹ 80 Cr
6 Projects
3 Years
Raheja Universal
₹ 85 L - ₹ 26.39 Cr
58 Projects
39 Years
Hubtown
₹ 38.9 L - ₹ 75.54 Cr
55 Projects
33 Years
DB Realty
₹ 55 L - ₹ 15.05 Cr
33 Projects
17 Years
Chaitanya Group
₹ 51.9 L - ₹ 15.95 Cr
29 Projects
40 Years
Sugee
₹ 1.15 Cr - ₹ 47.20 Cr
30 Projects
View More
Top Projects by Listing Rates, Transaction Count and Transaction Value
Luxury residential projects in Prabhadevi continue to command premium valuations, led by Ahuja Towers at ₹86,200 per sq ft. Kalpataru Gaurav and Kalpataru Oceana follow closely, both priced at ₹79,350 per sq ft. Other notable developments like Sumer Trinity Towers and Rustomjee Crown further reinforce the locality's reputation for high-end real estate, with rates ranging between ₹68,700 and ₹75,500 per sq ft.
High-value transactions are anchored by Rustomjee Crown, which generated a significant sales value of ₹60.28 Cr. Hubtown 25 South follows with a total value of ₹26.81 Cr, while Rohan Lifescapes Aquino contributed ₹10.8 Cr to the market turnover. These projects represent the premium segment of Prabhadevi, attracting substantial capital investment.
Project Name
Current Price (₹/sq.ft)
Transactions
Change %
Rustomjee Crown, Siddhi Vinayak Mandir Area
72,200
4
-
Chaitanya Tower, Siddhi Vinayak Mandir Area
68,700
1
6
Hubtown 25 South, Siddhi Vinayak Mandir Area
60,700
1
-
Shree Sai Vismay, Mb Kowli Wadi
58,250
1
-
Pioneer The Mariano, Siddhi Vinayak Mandir Area
47,450
1
-
Rohan Lifescapes Aquino, Hatiskar Wadi
-
1
-
Buyer preference is clearly visible in the transaction data, with Rustomjee Crown leading the market with 4 registrations at an average rate of ₹72,200 per sq ft. Other developments like Chaitanya Tower, Hubtown 25 South, and Shree Sai Vismay have also recorded consistent buyer interest. This concentration of transactions in established projects underscores the high confidence investors have in these specific developments.
Raheja Princess leads the rental segment with a current rate of ₹285 per sq ft. Other premium projects like Rohan Lifescapes Aquino and Moon Reach are currently priced at ₹261 and ₹256 per sq ft respectively. These top-tier buildings continue to set the benchmark for luxury rentals in the locality.
Rustomjee leads the Prabhadevi developer landscape with 4 recorded transactions, reflecting strong brand trust. Other active developers include Akruti Developers, Rohan Lifescapes, and Ahuja, each contributing to the market's steady transaction flow. This group of developers continues to shape the residential profile of the locality.
Government Registrations
Government Registration in Prabhadevi, Mumbai
Between June 2025 and May 2026, Prabhadevi recorded 225 property registrations with a total gross value of ₹1,211 Cr. The average registered rate stood at ₹41,600 per sq ft, highlighting the volume of transactions in the area. Rustomjee leads the developer landscape in transaction frequency, while projects like Rustomjee Crown remain the top choice for buyers in terms of both transaction count and value.
Sales Transactions225
Gross Sales Value₹ 1,211 Cr
Registered Rate₹ 41,600/sq.ft
Rental Trends
Rental Trends and Average Rent in Prabhadevi, Mumbai
Rental rates in Prabhadevi vary significantly by unit size, ranging from ₹31,750 per month for studio apartments to ₹7.79 Lakh per month for 5 BHK units. 2 BHK apartments average ₹1.18 Lakh per month, while 3 BHK homes command approximately ₹3.25 Lakh per month. This tiered pricing structure allows for a wide range of residential rental options in the area. Rental rates across sub-localities show notable variance, with Agar Bazar, Hatiskar Wadi, Gokhale Road, and Kamala Mill all commanding an average of ₹250 per sq ft. Century Bazar and Dighe Nagar remain competitive at ₹200 per sq ft, while RBI Colony offers more affordable options at ₹150 per sq ft. These rates reflect the diverse micro-markets within the Prabhadevi area. Commercial office spaces in Prabhadevi have seen a strong rental increase of 31.48%, now averaging ₹350 per sq ft. In contrast, residential apartments have seen a slight rental adjustment of -2.91%, currently averaging ₹200 per sq ft. Villa rentals remain stable at ₹150 per sq ft, indicating distinct demand patterns across different property segments. Raheja Princess leads the rental segment with a current rate of ₹285 per sq ft. Other premium projects like Rohan Lifescapes Aquino and Moon Reach are currently priced at ₹261 and ₹256 per sq ft respectively. These top-tier buildings continue to set the benchmark for luxury rentals in the locality.
Rental rates in Prabhadevi vary significantly by unit size, ranging from ₹31,750 per month for studio apartments to ₹7.79 Lakh per month for 5 BHK units. 2 BHK apartments average ₹1.18 Lakh per month, while 3 BHK homes command approximately ₹3.25 Lakh per month. This tiered pricing structure allows for a wide range of residential rental options in the area.
Rental rates across sub-localities show notable variance, with Agar Bazar, Hatiskar Wadi, Gokhale Road, and Kamala Mill all commanding an average of ₹250 per sq ft. Century Bazar and Dighe Nagar remain competitive at ₹200 per sq ft, while RBI Colony offers more affordable options at ₹150 per sq ft. These rates reflect the diverse micro-markets within the Prabhadevi area.
Commercial office spaces in Prabhadevi have seen a strong rental increase of 31.48%, now averaging ₹350 per sq ft. In contrast, residential apartments have seen a slight rental adjustment of -2.91%, currently averaging ₹200 per sq ft. Villa rentals remain stable at ₹150 per sq ft, indicating distinct demand patterns across different property segments.
Frequently Asked Questions About Property Rates in Prabhadevi, Mumbai
What is the current average asking price in Prabhadevi as of March 2026?
As of March 2026, the average asking price in Prabhadevi stands at ₹62,850 per sq ft. This figure reflects a depreciation of 1.63% when compared to the previous quarter, indicating a slight market correction in the area. Investors and homebuyers should note that this rate is higher than the current Government Registration Rate of ₹41,600 per sq ft, which covers transactions from June 2025 to May 2026.
How have property prices in Prabhadevi trended over the last few quarters?
Property prices in Prabhadevi have shown a mixed trajectory over the past year. The average asking price was ₹65,100 per sq ft in June 2025, dipped to ₹63,150 per sq ft in September 2025, rose slightly to ₹63,900 per sq ft in December 2025, and reached ₹62,850 per sq ft as of March 2026. This fluctuation suggests a period of price stabilization, providing a useful window for buyers to assess value before committing to long-term investments.
How do property rates in Prabhadevi compare to nearby localities?
Property rates in Prabhadevi vary significantly compared to surrounding areas. As of March 2026, while Prabhadevi averages ₹62,850 per sq ft, nearby Worli commands a higher average of ₹74,050 per sq ft, which has appreciated by 4.56%. Conversely, areas like Dadar East and Parel are more accessible, with average rates of ₹46,200 per sq ft and ₹46,050 per sq ft, respectively. These differences highlight the premium nature of Prabhadevi and Worli within the South Mumbai real estate market.
What is the price difference between Ready To Move and Under Construction properties in Prabhadevi?
As of March 2026, Ready To Move properties in Prabhadevi are priced at an average of ₹49,500 per sq ft, reflecting a minor depreciation of 0.3% compared to previous periods. In contrast, Under Construction projects are priced at ₹56,900 per sq ft, which has seen an appreciation of 0.83%. The higher price point for under-construction units often reflects the premium associated with modern amenities and newer building standards in the current market.
What is the average rental yield in Prabhadevi, and what does it signify for investors?
Prabhadevi offers an average rental yield of 3.82% as of March 2026, with an average rental rate of ₹200 per sq ft. This yield, which has seen a depreciation of 2.91% in the overall rental rate compared to previous periods, provides a baseline for investors to evaluate income potential against the capital outlay required for property acquisition. A yield of this nature is typical for premium South Mumbai localities where high property values influence the overall return on investment.
What are the typical monthly rental rates for different BHK configurations in Prabhadevi?
Rental rates in Prabhadevi vary significantly by unit size as of March 2026. Studio apartments average ₹31,750 per month, while 1 BHK units command ₹60,450 per month. Larger configurations see a sharp increase, with 2 BHK units averaging ₹1.18 Lakh per month, 3 BHK units at ₹3.25 Lakh per month, 4 BHK units at ₹5.47 Lakh per month, and 5 BHK units reaching ₹7.79 Lakh per month. These figures help tenants and landlords understand the market positioning of various residential sizes.
Which projects in Prabhadevi command the highest rental rates?
As of March 2026, premium projects in Prabhadevi lead the rental market. Raheja Princess tops the list with a current rental rate of ₹285 per sq ft, followed by Rohan Lifescapes Aquino at ₹261 per sq ft (which appreciated by 1.16%) and Moon Reach at ₹256 per sq ft (which appreciated by 104.8%). Other notable projects include Twin Towers and Chaitanya Tower, both at ₹253 per sq ft. These projects are favored for their location and premium infrastructure, justifying their higher rental premiums.
Which developers have the highest transaction activity in Prabhadevi?
Rustomjee currently leads the market in Prabhadevi with the highest number of transactions, totaling 4 as of March 2026. Other active developers in the region include Akruti Developers, Rohan Lifescapes, Manglam Group, Shri Sai Nirmala Developers, Ahuja, Pioneer Enterprises, Chaitanya Group, and Sona Developers, each contributing to the local market liquidity. This developer activity is a key indicator of project trust and market presence in the locality.
How should a buyer interpret the difference between the asking price and the Government Registration Rate in Prabhadevi?
The average asking price in Prabhadevi is ₹62,850 per sq ft, while the Government Registration Rate is ₹41,600 per sq ft as of the period ending May 2026. Buyers should interpret this gap as the premium the market places on specific project amenities, views, and brand value over the base valuation used for government registration purposes. It is essential for buyers to verify the specific registration values for their chosen project to understand their total cost of acquisition accurately.
What does the transaction volume of top projects like Rustomjee Crown indicate for the Prabhadevi market?
The high transaction volume in projects like Rustomjee Crown, which recorded 4 transactions as of March 2026 at a rate of ₹72,200 per sq ft, signals strong demand for premium, established developments in Prabhadevi. With a sale value of ₹60.28 Cr, this project remains a benchmark for high-value transactions. Such activity confirms that buyers are actively seeking out projects with proven track records and high-end specifications in this specific micromarket.
