Property Rates in Tilak Nagar, Mumbai

The Tilak Nagar real estate market predominantly caters to apartment seekers. Apartment properties in the locality are currently priced at an average of ₹25,887 per sq ft. This segment has experienced a 4.92% change, reflecting the prevailing market dynamics for residential units in the area.

The Tilak Nagar market offers properties across various development stages, catering to different buyer timelines and preferences. Ready To Move inventory, comprising 51 units, averages ₹25,195 per sq ft, appealing to immediate occupancy seekers. Well Occupied units, with 34 properties, are priced similarly at ₹25,150 per sq ft. Meanwhile, Under Construction projects, though fewer in number (5 units), show positive momentum with a 3.02% price increase, averaging ₹25,384 per sq ft. New Launch properties, with 1 unit, are available at ₹24,393 per sq ft, indicating fresh supply entering the market.

Tilak Nagar's average property rate of ₹25,887 per sq ft positions it competitively within its micro-market. While it is more affordable than premium neighbors like Garodia Nagar, which commands ₹30,541 per sq ft, and Pant Nagar, priced at ₹30,656 per sq ft, it generally stands above areas such as Subhash Nagar (₹23,793 per sq ft) and Nehru Nagar (₹23,515 per sq ft). Ghatkopar East also presents a higher average at ₹27,930 per sq ft, while Kurla East is comparable at ₹25,869 per sq ft, showcasing Tilak Nagar's mid-range positioning.