Property Rates in Prabhadevi, Mumbai

The Prabhadevi real estate market predominantly caters to apartment buyers, which is the sole property type listed. Apartments in this prime location average ₹62,882 per sq ft. This segment has witnessed a marginal price adjustment, showing a change of -1.6% in the recent period. This consistency in property type highlights the area's focus on high-rise residential living.

Prabhadevi offers a diverse supply of properties across various development stages, catering to different buyer preferences and timelines. Ready To Move properties represent the largest segment with 110 units, averaging ₹49,786 per sq ft and showing a healthy 1.78% price increase. Partially Ready To Move projects, though fewer in number (6 units), command a higher average of ₹67,123 per sq ft, with a 2.92% appreciation. Mid Stage and New Launch projects are also attracting significant attention, registering impressive price changes of 14.36% and 14.77% respectively, reflecting strong future potential.

Prabhadevi's property landscape is surrounded by diverse micro-markets, each with its unique pricing dynamics. While Prabhadevi itself commands an average asking price of ₹62,882 per sq ft, neighboring Worli Sea Face averages slightly higher at ₹64,055 per sq ft. Areas like Senapati Bapat Marg and Shivaji Park offer more accessible entry points, averaging around ₹54,941 per sq ft and ₹54,175 per sq ft respectively. Dadar West and Lower Parel demonstrate significant growth, with average rates of ₹56,626 per sq ft and ₹57,113 per sq ft, both experiencing over 14% price appreciation. In contrast, Upper Worli has seen a notable decline of 28.26%, suggesting localized market adjustments.