Property Rates in Prabhadevi, Mumbai

As of March 2026, the average asking price in Prabhadevi is ₹62,864 per sq ft, while the Government Registration Rate is ₹41,623 per sq ft. This indicates a significant difference, with asking prices being substantially higher than the rates used for official property registrations.

The property price trend in Prabhadevi, Mumbai, shows some fluctuation over the past few quarters. From December 2025 to March 2026, the average asking price depreciated by 1.63%, moving from ₹63,904 per sq ft to ₹62,864 per sq ft. Prior to this, prices had seen an increase from September 2025 to December 2025.

Property rates vary significantly across micromarkets in Prabhadevi, Mumbai. For instance, as of March 2026, areas like Worli Sea Face command an average rate of ₹64,055 per sq ft and Senapati Bapat Marg is at ₹54,941 per sq ft, with no change reported. In contrast, Dadar East shows an average rate of ₹46,180 per sq ft, having depreciated by 3.24%, and Parel is at ₹46,047 per sq ft, appreciating by 4.08%.

As of March 2026, the average price for apartments in Prabhadevi, Mumbai, is ₹62,864 per sq ft. This reflects a depreciation of 1.63% compared to the previous period, suggesting a slight decrease in apartment values.

In Prabhadevi, Mumbai, property prices vary by construction status as of March 2026. 'Partially Ready To Move' properties are priced highest at ₹66,382 per sq ft, appreciating by 1.78%. 'Ready To Move' properties are priced at ₹49,652 per sq ft, showing a 1.51% appreciation, while 'Under Construction' properties are at ₹56,437 per sq ft with a 0.95% increase.

As of March 2026, Rustomjee Crown in Prabhadevi has recorded the highest number of transactions with 5 units, maintaining its current rate at ₹73,168 per sq ft. Other projects like Chaitanya Tower, GBD Realty Siddhi Vinayak Grandeur, and Ivory Tower have also seen transactions, with Chaitanya Tower experiencing a depreciation of 4.75% to ₹69,354 per sq ft.

As of March 2026, Rustomjee Crown leads in Prabhadevi by transaction value, with a total sale value of ₹52.08 Cr and 5 transactions, priced at ₹73,168 per sq ft. Chaitanya Tower follows with a transaction value of ₹6 Cr and a rate of ₹69,354 per sq ft, which has depreciated by 4.75%.

As of March 2026, Rustomjee is the most active developer in Prabhadevi by transaction volume, with 5 transactions. Other developers like EON Group, GBD Realty, Neev, Rohan Lifescapes, Sumer, Ahuja, and Chaitanya Group have each recorded one transaction, indicating varied developer activity in the area.

The average rental rate in Prabhadevi, Mumbai, is ₹200 per sq ft as of March 2026. The area offers a rental yield of 3.82%, which represents the annual return on investment from rental income relative to the property's capital value.

In Prabhadevi, Mumbai, rental rates vary significantly by BHK configuration. As of March 2026, Studio apartments average ₹31,744 per month, while 1 BHK units are around ₹60,431 per month. Larger configurations command higher rents, with 2 BHKs averaging ₹1.18 Lakh per month, 3 BHKs at ₹3.25 Lakh per month, and 4 BHKs reaching ₹5.47 Lakh per month.

Rental rates in Prabhadevi, Mumbai, show considerable variation by micromarket. As of March 2026, Hatiskar Wadi has the highest average rental rate at ₹252 per sq ft, followed closely by Agar Bazar at ₹249 per sq ft and Century Mills also at ₹249 per sq ft. In contrast, RBI Colony offers a lower average rental rate of ₹158 per sq ft.

As of March 2026, Raheja Princess leads in Prabhadevi with a current rental rate of ₹285 per sq ft. Other notable projects include Rohan Lifescapes Aquino at ₹261 per sq ft, which has appreciated by 1.16%, and Moon Reach at ₹256 per sq ft, showing a significant appreciation of 104.8%.

In Prabhadevi, Mumbai, office spaces command the highest rental rates, averaging ₹355 per sq ft as of March 2026, with a notable appreciation of 31.48%. Apartments are priced at ₹200 per sq ft, showing a slight depreciation of 2.91%, while villas are available at ₹149 per sq ft with stable rates.