Mumbai
The Tilak Nagar real estate market exhibits a stable profile for residential investment, characterized by a mix of established housing societies and new project developments. While average capital values have seen a -2.91% adjustment, the rental segment remains active, bolstered by consistent demand for apartment living. Government registration data highlights a steady volume of transactions, reflecting ongoing buyer confidence in the locality's infrastructure and connectivity. Developers continue to align their project timelines with market demand, offering a balanced supply of ready-to-move and under-construction units.
As of June 2026, the average asking price in Tilak Nagar is ₹26,450 per sq ft. This figure reflects a depreciation of 2.91% compared to the previous period, indicating a slight softening in the local residential market demand.
Property prices in Tilak Nagar have shown a mixed trajectory over the recent quarters. According to the data, the location rate stood at ₹28,800 per sq ft in September 2025, moved to ₹27,250 per sq ft in December 2025, and reached ₹26,450 per sq ft in March 2026, reflecting a period of price adjustment in the local market.
Property rates in Tilak Nagar, currently at ₹26,450 per sq ft (as of June 2026), sit in the mid-range when compared to surrounding areas. For instance, Deonar and Govandi East command higher rates at ₹39,200 per sq ft, while areas like Govandi are more accessible at ₹22,900 per sq ft. Other nearby localities like Ghatkopar East are priced at ₹28,100 per sq ft, reflecting the diverse pricing landscape within this part of Mumbai.
As of June 2026, Ready To Move properties in Tilak Nagar are priced at an average of ₹25,300 per sq ft, having appreciated by 0.5% over the observed period. In contrast, Under Construction projects are currently priced at ₹25,800 per sq ft, which represents an appreciation of 1.71% compared to the previous period, suggesting steady interest in newer inventory.
The rental yield in Tilak Nagar currently stands at 4.31% as of June 2026. This yield, calculated against the average asking price of ₹26,450 per sq ft, provides investors with a clear benchmark for potential annual rental income relative to the capital investment required for residential apartments in the locality.
As of June 2026, rental rates in Tilak Nagar vary significantly by unit size. A 1 BHK apartment typically rents for ₹41,850 per month, while a 2 BHK apartment averages ₹66,050 per month. For larger space requirements, a 3 BHK apartment commands an average monthly rent of ₹79,600, catering to different tenant profiles from individuals to larger families.
As of June 2026, Krushal Towers leads the rental market in Tilak Nagar with a rate of ₹116 per sq ft. Other premium rental projects include Tilak Shanti CHS at ₹107 per sq ft and Haware Tilak Nagar at ₹106 per sq ft, with the latter having seen a significant appreciation of 15.22% compared to the previous period, highlighting its growing desirability among tenants.
As of June 2026, shops in Tilak Nagar command a higher rental premium at ₹200 per sq ft, while residential apartments are available at an average rental rate of ₹100 per sq ft. Both property types have remained stable with a 0% change in rental rates over the observed period, indicating consistent demand in both the commercial and residential rental segments.
As of June 2026, Haware Tilak Nagar is the highest-priced project in the locality with a listing rate of ₹32,550 per sq ft, showing an appreciation of 2.82% compared to the previous period. Other notable projects include Elite The Crown at ₹29,150 per sq ft (up 1.96%) and Tilak Nagar Building at ₹27,750 per sq ft (up 0.45%), reflecting the premium segment of the local housing market.
The Government Registration Rate in Tilak Nagar is recorded at ₹23,800 per sq ft based on 263 transactions between August 2025 and July 2026. Buyers should note that this is lower than the current average asking price of ₹26,450 per sq ft (as of June 2026), which is common in active markets where current market sentiment and premium project offerings drive asking prices above historical registration benchmarks.
