Property Rates in Umerkhadi, Mumbai

Property prices in Umerkhadi have shown a significant upward trend in micromarket rates from June 2025 to March 2026. Micromarket rates increased from ₹28,731 per sq ft in June 2025 to ₹46,372 per sq ft in March 2026, marking a substantial appreciation. However, the location rate remained at ₹0 per sq ft for the same period, indicating that the primary price movement is observed at the micromarket level within Umerkhadi.

Property rates vary considerably across neighborhoods within the broader Umerkhadi region as of March 2026. For instance, Byculla has an average rate of ₹44,040 per sq ft, showing a depreciation of 5.9% from the previous period. In contrast, Mazgaon has an average rate of ₹40,200 per sq ft, with a slight depreciation of 2.29%. Bhuleshwar stands out with an average rate of ₹42,007 per sq ft, appreciating by 5.67%, while Mandvi is priced at ₹29,745 per sq ft with no change. These variations highlight distinct market dynamics within the locality.

As of March 2026, the average price for apartments in Umerkhadi is ₹32,029 per sq ft. This represents an appreciation of 0.45% compared to the previous period, indicating a stable to slightly growing demand for apartment properties in the area.

In Umerkhadi, Under Construction properties are priced higher than Ready To Move properties as of March 2026. Under Construction properties have an average price of ₹31,270 per sq ft, showing a significant appreciation of 11.64%. Ready To Move properties, on the other hand, are priced at ₹25,082 per sq ft, experiencing a depreciation of 9.15%. Well Occupied properties are priced at ₹24,518 per sq ft, with a depreciation of 5.89%.

Naminath Khairunnisa Heights in Dongri, Umerkhadi, leads in transaction activity with 3 transactions, and its current rate is ₹28,107 per sq ft, showing an appreciation of 0.30%. Other projects like Sambhav Darshan and Chishtiya Heights also recorded one transaction each, with rates of ₹24,743 per sq ft and ₹24,672 per sq ft respectively, both showing appreciation.

As of March 2026, Naminath Khairunnisa Heights in Dongri, Umerkhadi, ranks as the top project by value, with a sale value of ₹1.46 Cr and a current rate of ₹28,107 per sq ft, reflecting a 0.30% appreciation. Sambhav Darshan follows with a sale value of ₹1 Cr and a rate of ₹24,743 per sq ft, appreciating by 4.84%. Chishtiya Heights is also among the top projects by value.

As of March 2026, Citymaker Hasan Ali in Umerkhadi has the highest listing rate at ₹37,209 per sq ft, showing a significant appreciation of 42.83%. M K Fatima Heights is listed at ₹32,036 per sq ft, appreciating by 0.34%. Other projects like Om Babdev Niwas and Al Aziz Palace are also listed with rates around ₹31,396 per sq ft and ₹29,000 per sq ft, respectively.

M K Enterprises is the leading developer in Umerkhadi based on transaction volume, with 5 transactions recorded. Naminath Group of Companies follows with 3 transactions, and Citymaker Builder has recorded 1 transaction, indicating their active presence in the Umerkhadi market.

As of March 2026, the average rental rate in Umerkhadi's surrounding micromarkets shows significant variation. Grant Road leads with an average rental rate of ₹182 per sq ft, followed closely by Byculla and Nagpada, both at ₹178 per sq ft. Byculla's rate has appreciated by 4.71%, while Grant Road and Nagpada have remained stable. Mazgaon offers rentals at ₹117 per sq ft, appreciating by 5.41%.

Rental rates vary significantly across micromarkets near Umerkhadi as of March 2026. Grant Road commands the highest average rent at ₹182 per sq ft. Byculla and Nagpada are also premium rental locations at ₹178 per sq ft, with Byculla showing a 4.71% appreciation. In contrast, Mazgaon offers rentals at ₹117 per sq ft, which has appreciated by 5.41%, while Tadwadi is at ₹115 per sq ft with stable rates. These figures suggest higher demand and potentially better returns in areas like Grant Road and Byculla.

While a specific overall rental yield for Umerkhadi is not provided, the rental rates in surrounding micromarkets suggest potential income generation for property owners. For example, Mazgaon has an average rental rate of ₹117 per sq ft and has seen a 5.41% appreciation in rental rates. Byculla, with an average rent of ₹178 per sq ft and a 4.71% appreciation, also presents a strong rental market. Investors can analyze these rental rates in conjunction with property sale prices to estimate potential rental yields in these areas.

In Umerkhadi, the Government Registration Rate of ₹15,779 per sq ft as of March 2026 is notably higher than the reported average asking price of ₹0 per sq ft for the same period. This significant difference suggests that the asking price data might be incomplete or that registered property values are substantially higher than what sellers are currently asking, which is unusual and warrants further investigation into the data sources.

The price trend in Umerkhadi from June 2025 to March 2026 indicates a strong upward trajectory for micromarket rates, which increased from ₹28,731 to ₹46,372 per sq ft. This appreciation suggests growing demand and potentially rising property values, which could be attractive for investors. However, the consistent ₹0 per sq ft location rate during this period is an anomaly that needs clarification, but the micromarket trend points towards a positive outlook for property value growth.