Property Rates in Tardeo, Mumbai 2026

Property prices in Tardeo have shown a mixed trajectory over the last few quarters. As of June 2026, the location rate stands at ₹80,550 per sq ft, up from ₹73,950 per sq ft in March 2026. This recent upward movement suggests a resurgence in demand, contrasting with the stability seen between December 2025 and March 2026, when the rate held steady at ₹75,000 per sq ft and ₹73,950 per sq ft respectively.

The average asking price in Tardeo is ₹73,950 per sq ft, which is significantly higher than the Government Registration Rate of ₹39,200 per sq ft as of June 2026. This variance is common in premium localities where market-driven premiums for amenities, location, and brand value often exceed the baseline valuation used for government registration purposes.

The average rental rate in Tardeo is ₹202 per sq ft as of June 2026, which has appreciated by 10.99% compared to the prior period. Investors should note that the current rental yield stands at 3.28%, providing a clear indicator of the income-generating potential of residential assets in the area relative to their capital value.

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 rent of ₹74,150 per month, while 2 BHK units average ₹1.49 Lakh per month. For larger configurations, 3 BHK units average ₹3.06 Lakh per month, and 4 BHK units reach an average of ₹5.83 Lakh per month, catering to a diverse tenant profile ranging from young professionals to luxury-seeking families.

As of June 2026, Mayflower leads the market with a rental rate of ₹270 per sq ft, followed closely by Prithvi Apartment Tardeo at ₹258 per sq ft and Spenta Stardeous at ₹250 per sq ft. These projects command premium rents due to their specific location advantages and project-level amenities, with most of these top-tier properties maintaining stable rental values over the recent period.

Property prices in Tardeo vary based on project completion status as of June 2026. Under construction projects are priced at an average of ₹63,100 per sq ft, reflecting an appreciation of 0.84% over the period. In contrast, Ready To Move projects are priced at ₹57,250 per sq ft, which has seen a depreciation of 1.43%, while Partially Ready To Move projects command a premium at ₹1.01 Lakh per sq ft with stable pricing.

Property rates vary considerably across the vicinity of Tardeo as of June 2026. Malabar Hill commands the highest average rate at ₹95,700 per sq ft, having appreciated by 3.59%. Other notable areas include Gamdevi at ₹84,050 per sq ft (up 0.2%) and Breach Candy at ₹76,550 per sq ft (up 14.28%). Conversely, areas like Agripada offer a more accessible entry point at ₹35,550 per sq ft, despite a 5.64% depreciation.

Aaress Realty is currently identified as a key developer by transaction volume in Tardeo, with 1 recorded transaction as of June 2026. While the volume is modest, the presence of specific developers in this high-value market often signals a focus on niche, premium residential developments that cater to the specific supply constraints of South Mumbai.

A rental yield of 3.28% in Tardeo, as of June 2026, serves as a vital metric for investors to assess the annual return on their property investment through rental income. When compared to the high capital values in the area, this yield indicates a market driven largely by long-term capital appreciation and the prestige of owning property in a prime South Mumbai location, rather than purely high-yield rental income.