Property Rates in Subhash Nagar, Mumbai 2026

The average asking price in Subhash Nagar is ₹23,800 per sq ft, which sits above the Government Registration Rate of ₹20,150 per sq ft. This gap between the market-driven asking price and the government-benchmarked registered rate is based on transaction data recorded between July 2025 and June 2026, during which 356 transactions were registered.

The property price trend in Subhash Nagar has shown fluctuations, with the average asking price moving from ₹25,000 per sq ft in December 2025 to ₹23,800 per sq ft in March 2026. This downward trajectory in the most recent quarter suggests a period of price correction, which may offer a more favorable entry point for prospective buyers compared to the peak observed in late 2025.

Property prices in Subhash Nagar, currently at ₹23,800 per sq ft, are positioned differently compared to surrounding areas. For instance, Deonar and Govandi East both command a higher average asking price of ₹39,200 per sq ft, having appreciated by 4.89% recently. Conversely, areas like Tilak Nagar are priced at ₹26,450 per sq ft, reflecting a depreciation of 2.91%, while Govandi remains more accessible at ₹22,900 per sq ft, despite a 3% appreciation.

Ready To Move properties in Subhash Nagar are currently priced at an average of ₹34,650 per sq ft as of March 2026. This segment has shown resilience, appreciating by 2.91% compared to the previous period, which signals steady demand for immediate-possession homes in the locality.

The average rental yield in Subhash Nagar is 4.39% as of March 2026, providing a clear metric for investors to evaluate the income potential of their assets. A yield of this level, when considered alongside the current average asking price of ₹23,800 per sq ft, helps investors determine the balance between capital appreciation and recurring rental income.

As of March 2026, the average rental rate for apartments in Subhash Nagar is ₹100 per sq ft. This rate has experienced a depreciation of 9.37% compared to the previous period, reflecting a softening in the local rental market that may benefit tenants seeking more competitive lease terms.

A 3 BHK apartment in Subhash Nagar currently commands an average rent of ₹1.02 Lakh per month as of March 2026. This data point is essential for tenants and landlords to understand the premium segment of the local rental market, where larger configurations cater to specific family-oriented housing needs.

Rental rates in the vicinity of Subhash Nagar show significant variation, with Postal Colony commanding the highest rate at ₹150 per sq ft, which has remained stable. Other areas like Borla, Tilak Nagar, and Charai maintain a consistent rental rate of ₹100 per sq ft, showing no recent change, while areas like Deonar and Govandi East have seen rental rates depreciate by 10.66% and 15.57% respectively, settling at ₹100 per sq ft.

Mrug Vihar CHS is a prominent project in Subhash Nagar with a current listing rate of ₹34,650 per sq ft as of March 2026. This rate represents an appreciation of 2.91% over the previous period, positioning it as a premium choice for those looking for established residential options in the Mumbai Harbour region.

A buyer should use the property rates data for Subhash Nagar to benchmark their purchase against the current average of ₹23,800 per sq ft and the Government Registration Rate of ₹20,150 per sq ft. By observing the 4.81% depreciation in the overall market and comparing it with the 2.91% appreciation in Ready To Move projects, buyers can identify whether they are paying a fair market value or if they should negotiate based on current trends.