Property Rates in Rajendra Nagar, Mumbai 2026

The average asking price in Rajendra Nagar is currently higher than the Government Registration Rate. While the prevailing market rate stands at ₹35,900 per sq ft as of Sep 2026, the Government Registration Rate is recorded at ₹20,950 per sq ft for the period between Nov 2025 and Oct 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in established urban localities and helps buyers understand the difference between official valuation benchmarks and actual transaction-level pricing.

As of Sep 2026, the average rental rate for apartments in Rajendra Nagar is ₹94 per sq ft, which has appreciated by 3.3% compared to the previous period. This growth indicates a steady demand for rental housing in the locality. For tenants and landlords, this consistent upward movement in rental values highlights the area's ongoing appeal as a residential destination within the Mumbai market.

Rental rates in Rajendra Nagar vary significantly based on the unit size, with 2 BHK apartments currently commanding an average rent of ₹32,000 per month, while 3 BHK apartments are priced at an average of ₹1.55 Lakh per month as of Sep 2026. These figures provide a clear benchmark for tenants looking to budget for their housing needs and for investors evaluating the potential monthly income from different property configurations in the locality.

Rental rates in the vicinity of Rajendra Nagar show notable variation, with Khande Rao Dongari commanding the highest average rental rate at ₹150 per sq ft, despite a depreciation of 13.01% compared to the previous period. In contrast, areas like Datta Pada, Borivali East, and Poisar maintain a more stable rental rate of ₹100 per sq ft. Investors should note that while Datta Pada saw a significant appreciation of 39.13% in rental rates, other areas like Magathane and Food Corporation Of India Warehouse experienced depreciation, highlighting the importance of micro-location analysis when assessing rental yields.

The price trend in Rajendra Nagar shows a consistent upward trajectory, with the micromarket rate rising from ₹34,600 per sq ft in Dec 2025 to ₹35,900 per sq ft by Jun 2026. This steady increase suggests resilient demand within the locality. For investors, this pattern of sustained growth often signals confidence in the area's long-term value, though it is always recommended to balance these trends against individual project specifications and current market conditions.

Properties categorized as 'Well Occupied' in Rajendra Nagar are currently priced at an average of ₹24,900 per sq ft as of Sep 2026. This rate has depreciated by 1.29% compared to the previous period. This data point is particularly useful for buyers looking for immediate move-in options, as it provides a benchmark for established projects where the community is already settled, allowing for a comparison against newer, under-construction developments.

Property rates in the surrounding areas of Rajendra Nagar exhibit diverse performance metrics as of Sep 2026. For instance, Borivali East has an average rate of ₹35,200 per sq ft, which has appreciated by 1.23%, while Kandivali West is priced at ₹26,800 per sq ft, showing a significant appreciation of 6.67%. Meanwhile, areas like Shimpoli have seen a depreciation of 4.54%, bringing its rate to ₹32,050 per sq ft. These comparisons help buyers identify value-for-money opportunities by contrasting the price points and growth trends across different neighbouring micromarkets.