Mumbai
Sion continues to be a prominent residential hub in Mumbai, balancing high-end luxury projects with a steady supply of ready-to-move and under-construction apartments. The market maintains an average asking price of ₹28,100 per sq ft, while registration data confirms consistent transaction activity, totaling ₹959 Cr over the past year. Rental demand remains robust, driven by a mix of 1 BHK to 3 BHK configurations, while top-tier developers like Arihant Group and Kalpataru actively shape the locality's growth. Investors find value in the diverse rental yields and the presence of established residential complexes that offer both stability and potential for appreciation.
As of June 2026, the average asking price in Sion is ₹28,100 per sq ft. This figure reflects a market movement that has depreciated by 1.44% compared to the previous period. Understanding this trend is essential for buyers and investors, as it indicates a slight softening in asking prices within the locality.
Property prices in Sion have shown a fluctuating trajectory throughout the recent quarters. As of June 2026, the location rate stands at ₹28,750 per sq ft, following a rate of ₹28,100 per sq ft in March 2026, ₹28,550 per sq ft in December 2025, and ₹28,800 per sq ft in September 2025. This mixed trend suggests a market that is currently balancing supply and demand dynamics.
The average asking price in Sion is ₹28,100 per sq ft, while the Government Registration Rate is ₹21,300 per sq ft as of June 2026. The gap between the market-driven asking price and the government-benchmarked registration rate is a key metric for buyers to consider when evaluating the total cost of acquisition and potential financing limits.
Property rates vary significantly across the vicinity of Sion. As of June 2026, Bandra East commands the highest average asking price among the analysed areas at ₹61,550 per sq ft, which has appreciated by 8.07%. Conversely, Kurla offers a more accessible entry point with an average asking price of ₹23,900 per sq ft, though this has depreciated by 4.72%.
As of June 2026, property prices in Sion are segmented by type: shops are priced at ₹70,200 per sq ft (appreciating by 8.72%), office spaces at ₹32,250 per sq ft (appreciating by 1.97%), and apartments at ₹28,750 per sq ft (appreciating by 2.17%). These variations highlight that commercial assets like shops currently command a significant premium over residential apartments in the locality.
As of June 2026, Ready To Move projects in Sion are priced at an average of ₹28,500 per sq ft, having appreciated by 6.98%. In contrast, Under Construction projects are priced at ₹30,050 per sq ft, showing a stable trend with a marginal appreciation of 0.05%. This pricing structure suggests that buyers are currently paying a premium for the immediate availability of ready-to-move-in inventory.
As of June 2026, the average rental rate in Sion is ₹102 per sq ft, which has depreciated by 1.92% compared to the prior period. The locality currently offers a rental yield of 4.36%, a critical indicator for investors that helps measure the annual income return relative to the capital investment in a property.
Rental rates in Sion vary by unit size, catering to different tenant profiles. As of June 2026, a Studio apartment rents for an average of ₹18,000 per month, 1 BHK units for ₹50,050 per month, 2 BHK units for ₹62,400 per month, and 3 BHK units for ₹83,150 per month. This tiered pricing allows tenants to choose options that align with their space requirements and budget.
As of June 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. These projects maintain their position at the top of the rental market due to their specific amenities and location advantages, with most showing stable rental rates compared to the previous period.
Rental rates in the areas surrounding Sion show distinct variations. As of June 2026, G Block BKC commands a premium rental rate of ₹250 per sq ft, having appreciated by 17.21%. Meanwhile, areas like Chunabhatti and Sion East maintain a more moderate rental level of ₹100 per sq ft, with Chunabhatti experiencing a depreciation of 7.92% and Sion East a depreciation of 1.79%.
The real estate market in Sion is driven by several prominent developers. As of June 2026, Arihant Group leads with 3 transactions, followed by Kalpataru and Lodha, each with 2 transactions. Mhada also maintains a presence in the market with 1 recorded transaction, reflecting a mix of private and public sector activity in the locality.
Buyers should interpret the price trends in Sion by looking at both the quarterly movement and the status of the projects. With the average asking price at ₹28,100 per sq ft as of June 2026 and a 1.44% depreciation, the market is currently experiencing a cooling phase. This can be a strategic window for end-users to negotiate, especially when comparing the higher rates of under-construction projects against the more established ready-to-move segment.
