Property Rates in Umerkhadi, Mumbai 2026

The average asking price in Umerkhadi of ₹41,150 per sq ft as of June 2026 is significantly higher than the registered rate of ₹15,800 per sq ft. The Government Registration Rate is based on 16 transactions recorded between September 2025 and August 2026, totaling a gross value of ₹8 Cr. Buyers should note that the asking price represents current market expectations, while the registered rate is a historical benchmark used for stamp duty and tax calculations.

Property prices in Umerkhadi have shown a downward trajectory in the most recent quarter, moving from ₹46,350 per sq ft in March 2026 to ₹41,150 per sq ft in June 2026. Prior to this, the market remained stable at ₹46,350 per sq ft between December 2025 and March 2026, following a slight increase from ₹46,200 per sq ft in September 2025. This recent movement suggests a softening in asking prices, which may offer more competitive entry points for prospective buyers.

As of June 2026, Ready To Move properties in Umerkhadi are priced at an average of ₹28,450 per sq ft, having appreciated by 13.51% compared to previous periods. In contrast, Under Construction projects are currently averaging ₹31,800 per sq ft, reflecting an appreciation of 1.75%. The higher price point for under-construction units often reflects the premium for modern amenities and newer building standards compared to the established ready-to-move inventory.

Among surrounding areas, Grant Road commands the highest average asking price at ₹55,700 per sq ft, which has appreciated by 16.55%. Conversely, Nagpada offers a more accessible entry point with an average asking price of ₹35,100 per sq ft, though this area has seen a depreciation of 11.81%. Other nearby localities like Byculla and Agripada are priced at ₹44,050 per sq ft and ₹35,550 per sq ft respectively, providing a range of options for investors looking at the broader South Mumbai geography.

Rental rates in the vicinity of Umerkhadi show significant variation, with areas like Nagpada, Agripada, Grant Road, and Marine Lines all commanding an average rental rate of ₹200 per sq ft as of June 2026. Notably, Agripada has seen a substantial rental appreciation of 29.63%, while Nagpada has seen an increase of 19.10%. In contrast, Mazgaon maintains a steady rental rate of ₹100 per sq ft with no change, while Byculla and Girgaon have experienced rental depreciations of 2.81% and 4.46% respectively, now averaging ₹150 per sq ft.

Investors evaluating the rental market near Umerkhadi will find that premium localities like Agripada and Nagpada are currently commanding higher rental rates of ₹200 per sq ft. The significant rental appreciation in Agripada (29.63%) and Nagpada (19.10%) suggests a growing demand for rental housing in these specific pockets. When considering these rental figures against the high capital values in South Mumbai, investors should carefully weigh the rental income potential against the purchase price to determine the viability of their investment.

Rajdeep Associates and Sambhav Group are currently the most prominent developers in Umerkhadi, each accounting for 2 transactions as of June 2026. This level of transaction activity highlights their established presence and the trust buyers place in these developers when navigating the Umerkhadi residential market.

New Launch projects in Umerkhadi are currently priced at ₹28,400 per sq ft as of June 2026, showing 0% change in pricing. This stability indicates that developers are maintaining consistent pricing strategies for new inventory, which can provide a predictable baseline for buyers who are looking to enter the market at the initial stage of a project's lifecycle without the volatility of fluctuating launch prices.