Property Rates in Tardeo, Mumbai 2026

The average asking price in Tardeo is currently ₹73,950 per sq ft, which is significantly higher than the Government Registration Rate of ₹39,200 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common observation in established, premium residential hubs where property demand and luxury amenities drive valuations well above base registration benchmarks.

The average rental rate in Tardeo is ₹202 per sq ft as of June 2026, representing an appreciation of 10.99% compared to the prior period. This growth highlights the sustained demand for rental properties in the area, supported by a rental yield of 3.28% which serves as a key metric for investors looking to balance capital appreciation with consistent rental income.

Rental rates in Tardeo scale significantly with unit size, reflecting the premium nature of the locality. As of June 2026, 1 BHK apartments command an average of ₹74,150 per month, while 2 BHK units average ₹1.49 Lakh per month. For larger configurations, 3 BHK apartments average ₹3.06 Lakh per month, and 4 BHK units reach an average of ₹5.83 Lakh per month. These figures help tenants and landlords understand the market positioning for different lifestyle requirements.

As of June 2026, premium projects such as Mayflower lead the rental market in Tardeo with a current rental rate of ₹270 per sq ft. Other notable high-rent projects include Prithvi Apartment Tardeo at ₹258 per sq ft and Spenta Stardeous at ₹250 per sq ft. These properties command a premium due to their specific amenities and location advantages within the Tardeo micro-market.

Property prices in Tardeo have shown a dynamic trajectory, with the location rate moving from ₹65,550 per sq ft in September 2025 to ₹80,550 per sq ft by June 2026. This upward movement across the recent quarters indicates resilient demand for residential assets in the area, despite occasional quarterly shifts in the broader micromarket rate.

As of June 2026, Ready To Move properties in Tardeo are priced at an average of ₹57,250 per sq ft, which has seen a depreciation of 1.43% compared to the previous period. In contrast, Under Construction projects are currently priced at ₹63,100 per sq ft, reflecting an appreciation of 0.84% over the same timeframe. This pricing structure suggests that buyers are currently placing a premium on newer, under-construction inventory compared to the established ready-to-move stock.

Property rates in the vicinity of Tardeo vary significantly based on the prestige of the specific neighbourhood. As of June 2026, Malabar Hill commands the highest average rate at ₹95,700 per sq ft (an appreciation of 3.59%), followed by Gamdevi at ₹84,050 per sq ft (an appreciation of 0.2%). More accessible options include Agripada at ₹35,550 per sq ft, which experienced a depreciation of 5.64%, and Kemps Corner at ₹55,650 per sq ft, which saw a depreciation of 31.13%.

As of June 2026, the most premium projects in Tardeo by listing rate include Shapoorji Pallonji The Imperial and Mahindra Heights, both priced at ₹1.01 Lakh per sq ft. Shapoorji Pallonji The Imperial has seen a notable appreciation of 38.43%, while Mahindra Heights recorded a modest appreciation of 0.41%. Other high-value projects include Shapoorji Pallonji Great Eastern Royale at ₹99,750 per sq ft and Olympus Apartments at ₹94,450 per sq ft.

The rental yield of 3.28% in Tardeo, as of June 2026, provides a clear indicator of the income-generating potential of residential assets in the area. When evaluated alongside the current average sale price of ₹73,950 per sq ft, this yield helps investors determine the annual return on investment from leasing their property. A yield of this nature is typical for high-value, prime South Mumbai locations where capital values are high.