Property Rates in Tardeo, Mumbai

As of March 2026, the average asking price in Tardeo is ₹73,967 per sq ft, while the Government Registration Rate is ₹38,490 per sq ft. This significant difference suggests that the listed prices are substantially higher than the rates at which properties are being officially registered, which is a common trend in premium real estate markets. The government registration rate is based on data from May 25 to Apr 26.

Property prices in Tardeo have shown some fluctuation over the past few quarters. From June 2025 to Sep 2025, the average location rate appreciated by approximately 5.5% from ₹62,158 to ₹65,526 per sq ft. However, it then saw a significant jump to ₹75,002 per sq ft by Dec 2025, before slightly decreasing to ₹73,967 per sq ft in Mar 2026. The micromarket rate, on the other hand, remained relatively stable between ₹28,223 and ₹29,645 per sq ft from Sep 2025 to Dec 2025, then surged to ₹46,372 per sq ft by Mar 2026.

Property prices vary considerably across Tardeo's neighborhoods as of March 2026. Altamount Road commands the highest average rate at ₹1.31 Lakh per sq ft, showing a substantial appreciation of 57.16%. Other premium areas include Breach Candy at ₹76,537 per sq ft (up 17.36%) and Gamdevi at ₹84,029 per sq ft (up 0.1%). In contrast, areas like Kemps Corner have seen a depreciation of 15.92% to ₹55,673 per sq ft, while Dalal Estate and Khetwadi are among the more affordable pockets with average rates of ₹46,004 per sq ft and ₹44,304 per sq ft respectively, showing no change in rates.

As of March 2026, the average asking price for apartments in Tardeo is ₹73,967 per sq ft. This segment has experienced a slight depreciation of 1.38% compared to the previous period, suggesting a minor cooling off in apartment prices within the locality.

In Tardeo, property prices vary by construction status as of March 2026. 'Well Occupied' properties have the highest average price at ₹59,677 per sq ft, showing an appreciation of 2.33%. 'Under Construction' properties are priced at ₹62,563 per sq ft, appreciating by 2.54%, and 'New Launch' properties are at ₹55,295 per sq ft, up by 1.6%. 'Ready To Move' properties are priced at ₹58,077 per sq ft, with a 1.21% appreciation, and 'Early Stage' properties are at ₹59,064 per sq ft, appreciating by 8.28%.

As of the latest data, Jai Hari in Gowalia Tank has recorded the highest number of transactions with 3 units, at a current rate of ₹59,955 per sq ft. Shapoorji Pallonji The Imperial in Janata Nagar follows with 2 transactions at ₹72,903 per sq ft. Several other projects like Elite Crest, Dange Seagull Apartment, and Swatantra Bhavan have each recorded one transaction, with rates ranging from ₹59,356 per sq ft to ₹90,625 per sq ft.

Shapoorji Pallonji The Imperial in Janata Nagar leads in transaction value, with a total sale value of ₹52.53 Cr from 2 transactions, at a rate of ₹72,903 per sq ft. Other high-value projects include Bhagwati Bhavan (₹8.05 Cr), Shree Villa (₹5.38 Cr), and Elite Crest (₹5 Cr), each with one transaction and rates between ₹58,465 and ₹90,625 per sq ft.

As of the latest data, Great Eastern Royale in Tardeo is listed at the highest rate of ₹1.11 Lakh per sq ft, showing a significant appreciation of 53.78%. Raheja Excelsior follows at ₹1.04 Lakh per sq ft. Other high-listing rate projects include Shapoorji Pallonji Great Eastern Royale and Mahindra Heights, both priced around ₹1.01 Lakh per sq ft, with respective appreciations of 39.27% and 4.9%.

Rohan Lifescapes has recorded the highest number of transactions in Tardeo with 4 units. Shapoorji Pallonji follows with 2 transactions. Developers like Elite Housing Developers LLP, Darshan Properties, Aikya Realty, and Girnar Builders And Developers have each recorded one transaction, indicating a diverse developer presence in the market.

The average rental rate in Tardeo is ₹202 per sq ft as of the latest data. The rental yield in the area stands at 3.28%. This yield indicates the annual return an investor can expect from rental income relative to the property's capital value, suggesting a moderate income generation potential for property owners in Tardeo.

Rental rates in Tardeo vary by locality, with premium areas commanding higher rents. As of the latest data, Cumbala Hill has the highest average rental rate at ₹227 per sq ft, despite a slight depreciation of 0.87%. Breach Candy follows closely at ₹221 per sq ft, with an appreciation of 1.84%. Altamount Road is at ₹208 per sq ft, while Peddar Road is at ₹197 per sq ft, showing a 1.55% appreciation. Kemps Corner has seen a significant appreciation of 21.15% to ₹189 per sq ft.

In Tardeo, rental costs increase significantly with the number of bedrooms. A 1 BHK apartment typically rents for ₹75,000 per month. For a 2 BHK, the average rent rises to ₹1.42 Lakh per month, while a 3 BHK commands an average of ₹2.72 Lakh per month. Larger 4 BHK units are rented at an average of ₹5.64 Lakh per month, reflecting the premium nature of larger residences in this locality.

Among the top projects for rental rates in Tardeo, Mayflower leads with ₹270 per sq ft, followed by Prithvi Apartment Tardeo at ₹258 per sq ft. Spenta Stardeous is listed at ₹250 per sq ft, and Tardeo Apartment at ₹243 per sq ft. Lodha Marq, a prominent project, has a rental rate of ₹238 per sq ft, showing a 1.71% appreciation.