Property Rates in Umerkhadi, Mumbai 2026

The average asking price in Umerkhadi is significantly higher than the Government Registration Rate, which is currently recorded at ₹16,700 per sq ft based on transactions from October 2025 to September 2026. While the market-driven asking price reflects current seller expectations and premium demand, the Government Registration Rate serves as a baseline for stamp duty and registration calculations. Buyers should be aware of this gap when budgeting for total acquisition costs, as the market rate often incorporates factors like building age, amenities, and specific project positioning.

As of June 2026, property rates in Umerkhadi show distinct variations based on project status. Ready To Move properties are priced at an average of ₹30,700 per sq ft, having appreciated by 7.89% compared to the previous period. Meanwhile, Under Construction projects are currently priced at ₹31,950 per sq ft, showing a modest appreciation of 0.4% over the same timeframe. Additionally, New Launch projects are available at ₹28,700 per sq ft, reflecting a 1.01% appreciation, while Well Occupied properties command ₹30,400 per sq ft, marking an 8.21% appreciation.

Rental rates in the vicinity of Umerkhadi vary significantly, with several key areas showing distinct trends as of June 2026. Agripada and Nagpada currently command higher rental rates of ₹200 per sq ft, with Agripada seeing a notable appreciation of 29.63% and Nagpada appreciating by 19.1%. In contrast, Mazgaon offers a more accessible rental rate of ₹100 per sq ft, which has remained stable with 0% change. Other areas like Byculla, Byculla West, and Girgaon maintain a consistent rental rate of ₹150 per sq ft, though their performance varies, with Byculla West appreciating by 4.55% while Byculla and Girgaon have seen depreciations of 6.18% and 4.46% respectively.

The rental market surrounding Umerkhadi provides a range of options depending on the specific neighbourhood, with rates generally spanning from ₹100 to ₹200 per sq ft as of June 2026. Tenants looking for premium connectivity often gravitate toward areas like Grant Road and Marine Lines, which both command ₹200 per sq ft, with appreciation rates of 2.2% and 0.46% respectively. For those seeking more moderate rental costs, areas like Kamathipura and Dalal Estate offer rates of ₹150 per sq ft, both showing marginal appreciation of approximately 0.6% to 0.7%. These variations allow tenants to balance their budget against the specific lifestyle and transit advantages offered by different South Mumbai pockets.

The price trend in Umerkhadi has shown a shift in the most recent quarter, with the micromarket rate moving to ₹40,300 per sq ft in June 2026 from ₹46,350 per sq ft in March 2026. This adjustment suggests a market correction or a shift in the composition of available listings. Investors should monitor these quarterly movements closely, as the stability observed between December 2025 and March 2026 (where the rate held at ₹46,350 per sq ft) indicates that the market is sensitive to supply-side changes. Understanding these fluctuations is essential for timing entry or exit strategies in this high-value South Mumbai locality.

The Umerkhadi market currently sees notable activity from developers such as Rajdeep Associates and Sambhav Group. Both developers have recorded 2 transactions each, positioning them as key players in the local residential landscape. Their consistent transaction volume signals a steady demand for their projects, and prospective buyers looking for reliability in this locality may find it useful to evaluate the track record and project quality offered by these specific developers.

As of June 2026, several projects in Umerkhadi stand out for their current listing rates. Om Babdev Niwas leads with a rate of ₹37,150 per sq ft, having appreciated by 10.66%, followed by M K Sauda Heights at ₹35,050 per sq ft, which has seen a significant appreciation of 24.74%. Other notable projects include Citymaker Hasan Ali at ₹34,050 per sq ft, which experienced a 1.33% depreciation, and M K Fatima Heights at ₹31,800 per sq ft, which saw a 3.12% depreciation. These rates reflect the diverse pricing landscape within the locality, where project-specific amenities and building age play a crucial role in valuation.