Property Rates in Tagore Nagar, Mumbai 2026

Property rates in Tagore Nagar, at ₹23,150 per sq ft, are generally more accessible than in premium neighbouring areas like Powai, which commands ₹46,300 per sq ft, or Lbs Marg, which stands at ₹32,900 per sq ft. Other nearby locations such as Vikhroli East (₹30,250 per sq ft) and Bhandup East (₹29,200 per sq ft) also show higher average asking prices. Conversely, Kannamwar Nagar offers a slightly lower entry point at ₹22,850 per sq ft, reflecting the diverse pricing landscape across the central suburbs.

As of September 2026, Under Construction properties in Tagore Nagar are priced at an average of ₹24,550 per sq ft, showing an appreciation of 4.33% over the observed period. In comparison, Ready To Move properties are available at an average of ₹23,550 per sq ft, having appreciated by 1.46%. The higher price point for under-construction projects often reflects the premium for newer amenities and modern construction standards in the current market.

The price trend in Tagore Nagar shows a shift from ₹25,800 per sq ft in March 2026 to ₹23,150 per sq ft by June 2026. This downward trajectory suggests a period of price consolidation. Investors should note that while the market is currently adjusting, the locality remains a significant residential hub within the central suburbs, and monitoring these quarterly fluctuations is essential for identifying the optimal entry point for long-term capital appreciation.

The average rental rate in Tagore Nagar is ₹95 per sq ft as of September 2026, which has appreciated by 9.2% compared to the previous period. This healthy rental growth contributes to a rental yield of 4.92%. For investors, this yield indicates a stable income-generating potential relative to the capital investment required for residential apartments in the locality.

Rental rates in Tagore Nagar vary by unit size, with 1 BHK apartments commanding an average rent of ₹30,700 per month, while 2 BHK apartments are available at an average of ₹48,950 per month as of September 2026. These rates reflect the demand for varying residential configurations, providing options for both single professionals and small families looking for housing in this well-connected part of Mumbai.

Among the top projects by rent, Swastik Coral leads with a current rental rate of ₹96 per sq ft, showing a significant appreciation of 15.66% as of September 2026. Other notable projects include Shraddha Panache at ₹93 per sq ft and Shraddha Prestige at ₹87 per sq ft. These projects are preferred by tenants for their specific amenities and location advantages within Tagore Nagar, which helps them maintain premium rental positioning.

The Government Registration Rate in Tagore Nagar stands at ₹20,350 per sq ft, based on transactions recorded between November 2025 and October 2026. This is lower than the current average asking price of ₹23,150 per sq ft. Buyers should be aware that the registration rate serves as a benchmark for stamp duty and tax calculations, while the asking price reflects the prevailing market sentiment and seller expectations.

When evaluating projects, it is important to look at the change percentage to understand recent momentum. For instance, Varad Tagore Nagar Anjali CHS Ltd has seen an appreciation of 22.73% as of September 2026, signalling strong demand. Conversely, projects like Shraddha Prestige have experienced a depreciation of 19.15% over the same period. These variations highlight the importance of project-specific due diligence, as market performance can differ significantly even within the same locality.