Property Rates in Senapati Bapat Marg, Mumbai 2026

Property price trends in Senapati Bapat Marg have shown a notable fluctuation over the last year. The micromarket rate was ₹46,350 per sq ft in December 2025 and March 2026, before decreasing to ₹41,150 per sq ft as of June 2026. This downward trajectory in the most recent quarter suggests a period of price correction or softening demand in the area.

Ready To Move properties in Senapati Bapat Marg are currently priced at an average of ₹42,000 per sq ft as of June 2026. This segment has seen significant appreciation, rising by 15.6% compared to previous periods, reflecting strong demand for immediate occupancy options in this established residential corridor.

Property rates in the vicinity of Senapati Bapat Marg vary significantly, with Prabhadevi commanding the highest average at ₹62,850 per sq ft (which depreciated by 1.63% from previous periods). In contrast, areas like Wadala and Vsnl Colony offer more accessible entry points at ₹37,250 per sq ft (up by 2.52%) and ₹37,750 per sq ft (stable at 0% change), respectively, as of June 2026.

As of June 2026, the average rental rate in Senapati Bapat Marg is ₹227 per sq ft, with a rental yield of 4.96%. This yield is a crucial metric for investors, representing the annual return on investment from rental income relative to the property's purchase price, and the stable 0% change in rental rates suggests a consistent income stream for landlords.

Tenants in Senapati Bapat Marg can expect average monthly rents of ₹2.48 Lakh for a 2 BHK apartment and ₹3.07 Lakh for a 3 BHK apartment as of June 2026. These figures highlight the premium nature of the locality, providing prospective tenants with a clear understanding of the budget required for different space configurations.

Rental rates in the surrounding areas show diverse trends; for instance, Agar Bazar and Gokhale Road command higher rents at ₹250 per sq ft, though Agar Bazar has seen a depreciation of 7.63% compared to previous periods. Conversely, areas like Dadar West and Dadar East are currently priced at ₹150 per sq ft, with Dadar West experiencing a 3.73% depreciation and Dadar East a 2.19% depreciation as of June 2026.

As of June 2026, premium projects such as Kalpataru SBI Staff Quarters and Ruparel The Ridge lead the market with listing rates of ₹54,750 per sq ft. While Kalpataru SBI Staff Quarters has appreciated by 1.81%, Ruparel The Ridge has seen a minor depreciation of 1.26%, reflecting the specific value positioning of these high-profile developments.

Projects like Sumit Abode have shown strong performance, with a current listing rate of ₹38,000 per sq ft as of June 2026, marking an appreciation of 9.93% compared to previous periods. Such growth often signals high investor confidence and rising desirability for the project, though investors should always cross-reference these gains with long-term market stability.

Rizvi Heights is a notable project for renters in Senapati Bapat Marg, with a current rental rate of ₹164 per sq ft as of June 2026. The rate has remained stable with a 0% change, making it a reliable option for those seeking consistency in their rental expenses within this locality.

The apartment rental market in Senapati Bapat Marg is robust, with an average rental rate of ₹250 per sq ft as of June 2026. This segment has seen an appreciation of 8.37% compared to previous periods, indicating a healthy increase in demand for apartment-style living in this area.

A buyer should note that while the average asking price is ₹54,950 per sq ft as of June 2026, the micromarket rate has trended downward from ₹46,350 per sq ft in March 2026 to ₹41,150 per sq ft in June 2026. This suggests that buyers may have more room for negotiation in the current market compared to the previous quarter.