Mumbai
The Subhash Nagar real estate market exhibits a calculated pricing structure for both investors and homebuyers. Recent trends show a shift in valuation, with current asking rates settling at ₹23,800 per sq ft. Rental activity remains active, underpinned by a healthy yield of 4.03% and a consistent demand for 3 BHK apartments. Government registration data confirms significant market engagement, with 71 transactions finalized in the last twelve months, contributing to a total gross value of ₹71 Cr.
As of June 2026, the average asking price in Subhash Nagar is ₹23,800 per sq ft. This rate has remained stable with a 0% change, reflecting a period of price consistency in the local residential market.
The average asking price in Subhash Nagar is ₹23,800 per sq ft, while the Government Registration Rate stands at ₹21,350 per sq ft for the period between October 2025 and September 2026. This difference highlights the gap between market-driven listing prices and the values recorded during official property registrations in the area.
The rental yield in Subhash Nagar is 4.03% as of June 2026. For investors, this yield represents the annual rental income relative to the property's capital value, serving as a key metric to evaluate the income-generating potential of residential assets in this locality.
As of June 2026, the rental market in Subhash Nagar shows an average rate of ₹80,000 per month for 3 BHK apartments. Additionally, the broader apartment segment commands an average rental rate of ₹100 per sq ft, which has depreciated by 8.05% compared to the previous period, suggesting a softening in rental demand or an increase in available inventory.
Property prices in Subhash Nagar have shown a fluctuating trajectory leading up to June 2026. The average asking price was ₹23,800 per sq ft in March 2026, down from ₹25,000 per sq ft in December 2025, and ₹23,500 per sq ft in September 2025. This movement indicates a dynamic market where buyers and sellers are continuously recalibrating expectations based on local demand.
Property rates vary significantly across the vicinity of Subhash Nagar. For instance, Deonar and Govandi East currently command higher rates at ₹42,450 per sq ft, having appreciated by 8.39% each. Conversely, areas like Kurla East and Pant Nagar show different pricing dynamics, with Kurla East at ₹24,250 per sq ft (depreciating by 0.39%) and Pant Nagar at ₹28,450 per sq ft (depreciating by 8.15%) as of June 2026.
Ready To Move properties in Subhash Nagar are priced at an average of ₹33,900 per sq ft as of June 2026. This reflects a premium compared to the general apartment average of ₹23,800 per sq ft, with the Ready To Move segment having seen a slight depreciation of 0.86% over the observed period.
Mrug Vihar CHS is a prominent project in Subhash Nagar, with a current listing rate of ₹33,900 per sq ft as of June 2026. This project has experienced a depreciation of 0.86% in its listing rate compared to the previous period, positioning it as a key reference point for buyers interested in established residential complexes in the area.
Rental rates in the vicinity of Subhash Nagar show a wide range, with areas like Chembur Colony and Barrister Nath Pai Nagar commanding higher rates of ₹150 per sq ft as of June 2026. In contrast, many other surrounding areas like Chedda Nagar, Borla, and Govandi maintain an average rental rate of ₹100 per sq ft. Investors should note that areas like Collectors Colony have seen significant rental appreciation of 26.04%, indicating rising demand in those specific pockets.
The recent data for Subhash Nagar indicates a market that is sensitive to supply and demand shifts, with the average apartment price of ₹23,800 per sq ft in June 2026 reflecting a 4.81% depreciation compared to the prior period. For buyers, this suggests a potential window for negotiation, as the market adjusts from the higher price points observed in late 2025.
