Mumbai
The Tilak Nagar real estate market exhibits consistent growth, with property rates currently averaging ₹27,750 per sq ft. Recent price trends show a steady upward trajectory, moving from ₹27,250 in late 2025 to the current levels. The rental market is equally robust, offering a 4.15% yield and average monthly rents that vary significantly by unit size. Transaction activity remains healthy, with significant registration volume recorded over the past year. Developers continue to focus on residential apartment projects, balancing ready-to-move stock with new launches to meet sustained demand.
The average asking price in Tilak Nagar is ₹27,750 per sq ft as of September 2026. This figure reflects an appreciation of 5.02% compared to the previous period, signaling sustained demand for residential properties in this locality.
Property prices in Tilak Nagar have shown a fluctuating trajectory, with the average asking price moving from ₹27,250 per sq ft in December 2025 to ₹26,450 per sq ft in March 2026, before reaching ₹27,750 per sq ft in June 2026. This movement suggests a resilient market where values have recovered from the dip observed in the first quarter of 2026.
Property prices in Tilak Nagar, currently at ₹27,750 per sq ft, are competitively positioned against neighbouring areas. For instance, Ghatkopar East commands a slightly higher average of ₹28,400 per sq ft (which appreciated by 1.12%), while Kurla East is more affordable at ₹24,250 per sq ft, having seen a minor depreciation of 0.39%. Meanwhile, premium pockets like Deonar and Govandi East are significantly higher at ₹42,450 per sq ft, reflecting an appreciation of 8.39%.
As of September 2026, ready-to-move properties in Tilak Nagar are priced at an average of ₹25,900 per sq ft, having appreciated by 1.19%. In contrast, under-construction projects are currently priced at ₹26,950 per sq ft, which represents an appreciation of 2.43%. The higher price point for under-construction units often reflects the premium associated with modern amenities and newer building standards in the locality.
The average rental yield in Tilak Nagar stands at 4.15% as of September 2026. This yield, derived from an average rental rate of ₹96 per sq ft, provides a solid benchmark for investors evaluating the income-generating potential of their residential assets relative to the current capital outlay required for property purchases in the area.
As of September 2026, the monthly rental rates in Tilak Nagar vary by configuration: 1 BHK apartments average ₹39,400 per month, 2 BHK units average ₹64,750 per month, and 3 BHK apartments average ₹79,350 per month. These rates provide a clear spectrum for tenants and landlords, with larger configurations commanding higher premiums due to increased space and demand.
The top projects by rental rates in Tilak Nagar include Krushal Towers at ₹116 per sq ft, Tilak Shanti CHS at ₹107 per sq ft, and Haware Tilak Nagar at ₹106 per sq ft as of September 2026. While Krushal Towers and Tilak Shanti CHS have seen stable rental rates (0% change), Haware Tilak Nagar has experienced a notable appreciation of 15.22% in its rental value, indicating growing tenant interest in that specific project.
The average asking price in Tilak Nagar is ₹27,750 per sq ft, while the Government Registration Rate is recorded at ₹26,900 per sq ft for the period of November 2025 to October 2026. This alignment suggests that market-driven asking prices are closely tracking the government-benchmarked values, providing a transparent baseline for buyers during their transaction process.
Buyers should use the provided data to understand the market positioning of their preferred property type and status. With the average asking price at ₹27,750 per sq ft as of September 2026 and a 5.02% appreciation, the data indicates a healthy, growing market. By comparing this against the status-wise pricing—such as the ₹25,900 per sq ft for ready-to-move units—buyers can make informed decisions based on whether they prioritize immediate possession or the potential value appreciation of newer, under-construction developments.
