Property Rates in Subhash Nagar, Mumbai

Subhash Nagar's real estate market primarily caters to residential preferences, with apartments being the dominant property type. These apartments are currently priced at an average of ₹23,793 per sq ft. This segment has experienced a change of -4.81%, reflecting dynamic market adjustments. The consistent availability of apartments underscores their central role in the locality's property offerings.

The Subhash Nagar market offers properties across various development stages, catering to different buyer timelines. Ready To Move inventory, comprising 1 unit, averages ₹33,656 per sq ft, appealing to immediate occupancy seekers. This segment has maintained stable pricing, reflecting consistent demand for completed homes.

Property rates in Subhash Nagar, currently averaging ₹23,793 per sq ft, position it competitively within Mumbai's eastern suburbs. While Nehru Nagar offers slightly more affordable options at ₹23,515 per sq ft, areas like Govandi and Vinobha Bhave Nagar are priced closely at ₹24,410 per sq ft and ₹24,136 per sq ft, respectively. Premium localities such as Deonar and Govandi East command significantly higher rates at ₹38,330 per sq ft, highlighting the diverse pricing landscape around Subhash Nagar. Ghatkopar East and Garodia Nagar also feature higher averages of ₹27,930 per sq ft and ₹30,541 per sq ft, respectively.

In Subhash Nagar, the rental market showcases specific demand for larger residential units. 3 BHK apartments, categorized as residential properties, command an average rent of ₹1.02 Lakh per month. This indicates a strong preference and pricing power for spacious family accommodations within the locality.

Rental rates in Subhash Nagar average ₹96 per sq ft, positioning it as a competitive rental market. Neighboring Postal Colony stands out with a higher average of ₹136 per sq ft, while Deonar and Govandi East also command strong rates at ₹117 per sq ft and ₹115 per sq ft respectively. Conversely, areas like Borla and Govandi offer more affordable rental options at ₹84 per sq ft and ₹76 per sq ft, illustrating a diverse rental landscape surrounding Subhash Nagar.

The rental market in Subhash Nagar is primarily driven by apartments, which exhibit an average rental rate of ₹96 per sq ft. This rate has remained stable, indicating consistent demand for residential apartment rentals in the locality. The apartment segment continues to be the cornerstone of rental activity here.