Property Rates in Sion, Mumbai 2026

The current average asking price in Sion is ₹28,100 per sq ft, which sits notably higher than the Government Registration Rate of ₹21,550 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common observation in established residential pockets and is useful for buyers to note when estimating total acquisition costs, including stamp duty and registration fees.

The rental yield in Sion stands at 4.36% as of March 2026. For investors, this yield represents the annual rental income relative to the property's capital value, serving as a key indicator of the area's income-generating potential. A yield of this nature suggests that while the capital appreciation is a primary driver, the locality also offers a steady rental return for those looking to balance their investment portfolio with consistent cash flow.

Rental rates in Sion show a clear progression based on unit size as of March 2026. Studio apartments command an average of ₹18,250 per month, while 1 BHK units average ₹42,650 per month. For larger configurations, 2 BHK apartments are typically rented at ₹60,650 per month, and 3 BHK units reach an average of ₹83,850 per month. This tiered pricing structure allows tenants to select properties that align with their space requirements and budget, while also providing landlords with clear benchmarks for their specific asset types.

As of March 2026, premium rental projects in Sion include Kalpataru Harmony at ₹142 per sq ft, Avanti Apartment Sion at ₹139 per sq ft, and Ahuja O2 at ₹126 per sq ft. Other notable projects such as New Paras CHS and Vaishnavi Heights Sion also feature prominently in the top rental list. These rates have remained stable in most of these top projects, except for Lotus CHS Sion, which saw a depreciation of 5.22% and V Residences, which saw a depreciation of 0.95% compared to previous periods.

Property prices in Sion have shown a mixed trajectory over the past year. The average asking price was ₹27,600 per sq ft in June 2025, rose to ₹28,800 per sq ft in September 2025, and then adjusted to ₹28,550 per sq ft in December 2025, before settling at ₹28,100 per sq ft in March 2026. This movement indicates a period of price consolidation following the peak observed in late 2025.

As of March 2026, property prices in Sion vary significantly by type. Shops are the most expensive at ₹64,600 per sq ft, having appreciated by 1.31%. Office spaces are priced at ₹31,650 per sq ft, showing a significant appreciation of 22.52%. Apartments, which form the bulk of the residential supply, are priced at ₹28,100 per sq ft, having depreciated by 1.44% from the previous period.

As of March 2026, Ready To Move properties in Sion are priced at ₹28,150 per sq ft, having appreciated by 5.59%. In contrast, Under Construction properties are priced at ₹29,500 per sq ft, which reflects a depreciation of 1.89% compared to the previous period. This pricing structure suggests that buyers are currently paying a premium for the immediate availability of ready-to-move units, while under-construction projects are seeing a slight price adjustment.

Lodha leads the market in Sion with 12 transactions, followed by Runwal with 4 transactions, and the Arihant Group with 3 transactions. Other active developers in the region include Seth Creators, Swaraj Homes, Maruti, Kalpataru, and Veena Developers. This distribution of transaction activity highlights the presence of both large-scale developers and niche players who are actively shaping the residential landscape of the area.

Rental rates across neighbourhoods near Sion show varied performance as of March 2026. While areas like Wadala Truck Terminal and G Block BKC command higher rates at ₹200 per sq ft, most other localities like Sion East, Sion West, Chunabhatti, and Antop Hill hover around ₹100 per sq ft. Notably, Kurla East saw an appreciation of 5.38%, while Antop Hill experienced a depreciation of 9.3% in rental rates, reflecting the localized demand dynamics within these specific micro-markets.

Buyers can use the transaction data to identify high-demand projects, such as Lodha New Cuffe Parade, which recorded 6 transactions, and Runwal Timeless and New Cuffe Parade, which each recorded 4 transactions as of March 2026. High transaction volume often signals strong market liquidity and buyer confidence in a project. When reviewing these, it is important to note that price trends vary; for instance, New Cuffe Parade saw an appreciation of 16.05%, whereas Lodha New Cuffe Parade saw a depreciation of 0.87%.

A rental yield of 4.36% in Sion, as of March 2026, provides a benchmark for landlords to evaluate their return on investment. When compared to the average apartment rental rate of ₹100 per sq ft, this yield suggests that while rental income is a steady component of property ownership in the area, the primary value for many owners remains the long-term capital appreciation of their asset. Landlords should also consider that rental rates for apartments have depreciated by 1.92% in the recent period, which is a factor to monitor when setting lease expectations.