Property Rates in Rajendra Nagar, Mumbai

Property rates in the vicinity of Rajendra Nagar reveal a diverse pricing landscape, with some areas commanding higher premiums. Mahavir Nagar stands out with an average rate of ₹36,432 per sq ft, having seen a significant 16.37% appreciation. Shimpoli and Borivali East also maintain strong average rates at ₹33,364 per sq ft and ₹33,053 per sq ft respectively, with Borivali East experiencing a 7.85% increase. In contrast, areas like Yogi Nagar offer more accessible rates at ₹26,153 per sq ft, presenting varied options for buyers within the broader Mumbai market.

The rental market in Rajendra Nagar caters to diverse residential needs, with varying rates across different BHK configurations. A 2 BHK apartment typically commands an average rent of ₹47,000 per month. For those seeking more spacious living, 3 BHK apartments are available at an average of ₹1.55 Lakh per month, reflecting the premium for larger units in this residential area.

Rental rates in the areas surrounding Rajendra Nagar exhibit a dynamic range, with several localities showing notable performance. Khande Rao Dongari stands out with a higher average rental rate of ₹113 per sq ft. Other areas like Trimurty Nagar and Mhatre Wadi also command strong rates, at ₹100 per sq ft (with 16.28% growth) and ₹97 per sq ft respectively. Meanwhile, Borivali East maintains an average rental rate of ₹79 per sq ft, showing a 2.6% increase, contributing to the diverse rental landscape of the region.

The rental market in Rajendra Nagar is primarily driven by the apartment segment, which maintains a consistent average rental rate of ₹75 per sq ft. Despite a slight change of -2.6%, apartments remain a key property type for renters in the locality. This highlights the established nature and demand for residential apartment living in the area.