Mumbai
The Tilak Nagar real estate market exhibits a stable profile with a blend of established residential societies and fresh project launches. Price trends have fluctuated slightly over the past year, yet the locality remains a preferred choice due to its strong rental performance and connectivity. Current market activity shows a preference for ready-to-move apartments, while newer developments are beginning to influence the local pricing landscape. The rental market is particularly active, providing steady returns for property owners across various configurations.
The average asking price in Tilak Nagar is ₹26,450 per sq ft as of June 2026. This figure represents a depreciation of 2.91% compared to the previous period, reflecting a recent market adjustment in the locality.
Property prices in Tilak Nagar have shown a mixed trajectory leading up to June 2026. While the location rate was ₹28,800 per sq ft in September 2025, it fluctuated through December 2025 (₹27,250 per sq ft) and March 2026 (₹26,450 per sq ft) before reaching ₹27,750 per sq ft in June 2026, indicating a dynamic market environment for buyers and investors.
Tilak Nagar, with its average asking price of ₹26,450 per sq ft, sits in a mid-to-high range compared to surrounding areas. For instance, Deonar and Govandi East command higher rates at ₹39,200 per sq ft, while areas like Subhash Nagar and Kurla are priced at ₹23,800 per sq ft and ₹23,900 per sq ft, respectively. These variations allow investors to choose between premium pockets and more accessible entry points within the same micro-market.
The rental yield in Tilak Nagar stands at 4.31% as of June 2026, which provides a clear indicator of the potential recurring income relative to the property's capital value. An average rental rate of ₹95 per sq ft, which has remained stable with 0% change, suggests that the locality offers a consistent rental income stream for property owners.
As of June 2026, rental rates in Tilak Nagar vary by configuration to suit different tenant profiles. A 1 BHK apartment typically rents for ₹39,400 per month, while 2 BHK units average ₹64,750 per month, and 3 BHK units command approximately ₹79,350 per month. These rates reflect the demand for diverse housing sizes within the locality.
As of June 2026, the premium rental projects 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. Notably, Haware Tilak Nagar has seen a significant appreciation of 15.22% in its rental rate, whereas other top projects like Krushal Towers and Tilak Shanti CHS have maintained stable pricing with 0% change.
As of June 2026, Ready To Move properties in Tilak Nagar are priced at an average of ₹25,600 per sq ft, having appreciated by 1.71%. In contrast, Under Construction projects are priced at ₹26,300 per sq ft, reflecting an appreciation of 3.57%. This price difference often reflects the premium buyers are willing to pay for newer, modern amenities in under-construction developments compared to established, ready-to-occupy inventory.
Apartments in Tilak Nagar are currently priced at an average of ₹27,750 per sq ft as of June 2026. This segment has experienced an appreciation of 5.02%, signaling strong demand for apartment-style living in this locality.
The Government Registration Rate in Tilak Nagar is ₹23,800 per sq ft, based on 112 transactions recorded between October 2025 and September 2026. When comparing this to the current market asking price of ₹26,450 per sq ft, buyers can gauge the premium over the government-benchmarked value, which is a useful metric for assessing market sentiment and negotiating property deals.
The projects with the highest listing rates in Tilak Nagar include Haware Tilak Nagar at ₹32,950 per sq ft (up 4.08%) and Gami And Jaydeep Elora at ₹32,400 per sq ft (stable at 0% change). Elite The Crown follows at ₹29,150 per sq ft, reflecting an appreciation of 1.96%. These rates highlight the premium positioning of these specific developments within the local market.
