Property Rates in Tardeo, Mumbai 2026

The average asking price in Tardeo, which stands at ₹73,950 per sq ft as of June 2026, is significantly higher than the Government Registration Rate of ₹41,600 per sq ft. This gap often reflects the premium nature of the real estate in this area, where market-driven prices for high-end residential apartments exceed the baseline values used for government revenue purposes.

The price trend in Tardeo has shown a mixed trajectory over the last few quarters. While the average asking price was ₹75,000 per sq ft in December 2025, it adjusted to ₹73,950 per sq ft by March 2026 and remained at that level through June 2026. This stability indicates a resilient market where property values have largely held their ground despite minor fluctuations.

As of June 2026, property prices in Tardeo vary by project status, with 'Partially Ready To Move' units commanding the highest average at ₹1.16 Lakh per sq ft. 'Under Construction' projects are priced at an average of ₹66,000 per sq ft, having appreciated by 5.51% over the observed period, while 'Ready To Move' units are available at ₹59,350 per sq ft, showing a 2.23% appreciation. Conversely, 'New Launch' projects are currently priced at ₹53,000 per sq ft, reflecting a 4.19% depreciation.

As of June 2026, the average rental rate in Tardeo is ₹202 per sq ft, which has appreciated by 10.99% compared to the previous period. The locality offers a rental yield of 3.28%, providing a steady income stream for investors who prioritize long-term capital appreciation alongside consistent rental returns in one of Mumbai's most prestigious residential hubs.

Rental rates in Tardeo scale significantly with unit size, reflecting the luxury segment of the market as of June 2026. A 1 BHK apartment typically rents for ₹75,000 per month, while 2 BHK units average ₹1.42 Lakh per month. Larger configurations command premium pricing, with 3 BHK units at ₹2.72 Lakh per month and 4 BHK units reaching an average of ₹5.64 Lakh per month, catering to high-net-worth individuals seeking spacious, well-located residences.

As of June 2026, premium projects in Tardeo lead the rental market, with Mayflower commanding the highest rate at ₹270 per sq ft. Other top-tier projects include Prithvi Apartment Tardeo at ₹258 per sq ft and Spenta Stardeous at ₹250 per sq ft. These properties maintain high rental values due to their prime location and superior amenities, which continue to attract high-end tenants.

Rental rates in the vicinity of Tardeo show distinct variations as of June 2026. Cumbala Hill commands the highest rental rate among these areas at ₹250 per sq ft, despite a minor depreciation of 0.87%. Other key areas like Peddar Road, Altamount Road, Breach Candy, Grant Road, and Gamdevi all maintain a consistent average rental rate of ₹200 per sq ft, with varying degrees of appreciation, such as Kemps Corner which saw a notable 21.15% increase.

As of June 2026, several developers are active in the Tardeo market, including Crescent Group, Verain Commercials LLP, Sanghvi Group, and Sambhav. Each of these developers has recorded transaction activity, signaling a diverse range of project options for buyers, from established residential complexes to newer developments in the area.

A potential buyer should use this data to understand the premium positioning of Tardeo, where average asking prices are ₹73,950 per sq ft as of June 2026. By comparing the 'Ready To Move' price of ₹59,350 per sq ft against 'Under Construction' rates of ₹66,000 per sq ft, investors can assess the risk-reward profile of their purchase. Additionally, monitoring the 3.28% rental yield helps in evaluating the income potential of a property compared to other investment avenues.