Property Rates in Vakola, Mumbai
Comprehensive Market Snapshot
Property rates in Vakola average ₹29,500 per sq ft, with a significant projected increase towards March 2026. Residential apartments are a key segment, showing a notable price decline of -15.46%. Meanwhile, ready-to-move properties are priced at ₹26,650 per sq ft, indicating a stable market for immediate occupancy.
- Asking Sale Price₹ 29,500 /sq.ft
- Average Rental₹ 111 /sq.ft
- Rental Yield4.52 %
Insights for Vakola, Mumbai Real Estate Market
Vakola's real estate market presents a current asking price of ₹29,500 per sq ft, with price trends indicating a substantial rise towards ₹29,500 per sq ft by March 2026, though a dip is projected from September 2025's ₹34,900 per sq ft. The rental market is active, with an average rental rate of ₹111 per sq ft and a rental yield of 4.52%. Registration data shows 148 transactions totaling ₹167 Cr with an average registered rate of ₹20,850 per sq ft. Among key micro-markets, Santacruz East apartments average ₹34,350 per sq ft with a 5.13% increase, while Santacruz West commands ₹56,950 per sq ft with a slight decrease. Ready To Move properties are priced at ₹26,650 per sq ft, experiencing a 0.64% rise, and new launches are at ₹26,300 per sq ft with a 2.63% increase. The top project by listing rates is Shamik Elanza Santacruz at ₹29,500 per sq ft, showing an -8.34% change.
- Vakola's average rental rate stands at ₹111 per sq ft, yielding 4.52%.
- Santacruz East apartments are priced at ₹34,350 per sq ft, up 5.13% YoY.
- Ready To Move properties in Vakola average ₹26,650 per sq ft, showing a 0.64% increase.
- The average asking price for apartments in Vakola is ₹29,500 per sq ft, with a -15.46% change.
- Government registrations show 148 transactions totaling ₹167 Cr, with an average registered rate of ₹20,850 per sq ft.
Property Valuation Comprehensive assessment of your property's current worth in the current market
Property Price Trends in Vakola, Mumbai
The property market in Vakola shows a projected increase in rates, moving from ₹34,900 per sq ft in September 2025 to ₹29,500 per sq ft by March 2026. This indicates a dynamic pricing environment with anticipated fluctuations in the near future.
In Vakola, the residential apartment segment is priced at an average of ₹29,500 per sq ft, experiencing a significant price correction of -15.46%. This suggests a buyer's market for apartments currently, potentially offering attractive entry points for investors or homeowners.
The Vakola market offers properties across various stages of development. Ready To Move inventory, comprising 7 units, averages ₹26,650 per sq ft with a slight 0.64% increase, appealing to immediate occupancy needs. New Launch projects, with 2 units, are priced at ₹26,300 per sq ft, showing a 2.63% growth, indicating developer confidence in future demand.
Neighboring areas show varied pricing trends, with Santacruz East apartments averaging ₹34,350 per sq ft and a positive 5.13% change. Santacruz West commands a higher average of ₹56,950 per sq ft, though it has seen a slight decrease of -0.18%. Vile Parle East is priced at ₹44,150 per sq ft with a 3.47% increase, while Vile Parle West averages ₹49,900 per sq ft, also showing growth with a 3.48% rise.
Project and Developer Insights
Premium residential developments in Vakola showcase a range of asking prices, reflecting their unique offerings. Shamik Elanza Santacruz leads with an asking rate of ₹29,500 per sq ft, though it has seen a -8.34% change. Amrut Manthan follows at ₹27,100 per sq ft with a 3.12% increase, while Sarla Garden is priced at ₹26,600 per sq ft, up by 4.46%.
Top rental projects in Vakola include Vitthal Krupa Building at ₹125 per sq ft and Kumar Society at ₹120 per sq ft. Nikita Apartments Vakola and Shamik Elanza Santacruz are listed at ₹115 per sq ft and ₹114 per sq ft respectively, showing varying rental performances.
Government Registration in Vakola, Mumbai
- Sales Transactions148
- Gross Sales Value₹ 167 Cr
- Registered Rate₹ 20,850 /sq.ft
Government registration data for Vakola highlights active market participation between June 2025 and May 2026, with 148 transactions recorded. The total gross value of these transactions reached ₹167 Cr, with an average registered rate of ₹20,850 per sq ft, indicating a significant volume of property movement.
Property Rental Trends in Vakola, Mumbai
Rental rates in Vakola vary significantly by unit type, with Studio apartments averaging ₹21,000 per month and 1 BHK units commanding ₹37,250 per month. Larger configurations like 2 BHK apartments are priced at ₹73,200 per month, while 3 BHK units reach ₹93,350 per month, reflecting demand across different household needs.
Among surrounding areas, Santacruz East apartments show an average rental rate of ₹100 per sq ft with a 6.6% yearly increase. Santacruz West registers a higher average rental rate of ₹200 per sq ft, albeit with a -3.76% change. Other micro-markets like Khar East and Tps Iii are reported at ₹100 per sq ft and ₹150 per sq ft respectively.
Residential apartments in Vakola are currently averaging ₹100 per sq ft for rent, showing a positive year-on-year change of 6.73%. This indicates a steady demand and potential for rental income growth within this property segment.
FAQs about Property Rates in Vakola, Mumbai
As of March 2026, the average asking price in Vakola, Mumbai, stands at ₹29,500 per sq ft. This indicates no change in the average asking price compared to the previous period, suggesting price stability in the locality. The market overview also notes 8 residential apartment listings in this period.
Property prices in Vakola, Mumbai, have shown some fluctuation over the past year. The average asking price for the locality was ₹29,500 per sq ft in March 2026. Prior to this, in September 2025, the average rate was ₹34,900 per sq ft, indicating a significant appreciation from June 2025 (₹30,450 per sq ft) to September 2025. However, the rate decreased to ₹33,000 per sq ft in March 2026 from ₹32,900 in December 2025, showing a slight upward movement in the micromarket rate but a decrease in the overall location rate from its peak in September 2025.
As of March 2026, the average asking price in Vakola, Mumbai, is ₹29,500 per sq ft. In contrast, the Government Registration Rate is significantly lower at ₹20,850 per sq ft, based on data from June 2025 to May 2026. This substantial difference suggests that the registered values are considerably below the market's asking prices, which is a common trend in many real estate markets.
Property prices vary significantly across neighborhoods surrounding Vakola, Mumbai. Santacruz West shows a high average rate of ₹56,950 per sq ft with a slight depreciation of 0.18% as of March 2026. Pali Hill commands the highest price at ₹82,900 per sq ft, though it has seen a notable depreciation of 16.51%. In contrast, Daulat Nagar is priced much lower at ₹27,200 per sq ft with stable rates, and Santacruz East averages ₹34,350 per sq ft, appreciating by 5.13%.
As of March 2026, the average price for apartments in Vakola, Mumbai, is ₹29,500 per sq ft. This represents a depreciation of 15.46% from the previous period, indicating a softening in apartment prices within the locality.
In Vakola, Mumbai, as of March 2026, Ready To Move properties have an average price of ₹26,650 per sq ft, showing a slight appreciation of 0.64%. New Launch properties are priced slightly higher at ₹26,300 per sq ft, with an appreciation of 2.63%. Well Occupied properties are priced at ₹26,000 per sq ft, having appreciated by 2.3%.
As of March 2026, Shamik Elanza Santacruz in Vakola has the highest listing rate at ₹29,500 per sq ft, though it has depreciated by 8.34%. Following closely are Amrut Manthan at ₹27,100 per sq ft (appreciating by 3.12%) and Sarla Garden at ₹26,600 per sq ft (appreciating by 4.46%). Several other projects like Nikita Apartments Vakola and Ankur Chs Vakola are also listed with rates around ₹26,500 per sq ft.
The average rental rate in Vakola, Mumbai, is ₹111 per sq ft as of March 2026, showing an appreciation of 6.73% from the previous period. The rental yield stands at 4.52%, which suggests a moderate return on investment for property owners looking to rent out their units. This yield indicates the potential income generated relative to the property's capital value.
Rental rates in Vakola, Mumbai, vary significantly by BHK configuration. As of March 2026, Studio apartments command an average rent of ₹21,000 per month. For 1 BHK units, the average rent is ₹37,250 per month, while 2 BHK apartments are rented for an average of ₹73,200 per month. The highest demand is seen for 3 BHK units, with an average rental rate of ₹93,350 per month.
Rental rates in micromarkets surrounding Vakola, Mumbai, show considerable variation. Santacruz East has an average rental rate of ₹100 per sq ft, appreciating by 6.6%. Santacruz West, however, has a higher average rental rate of ₹200 per sq ft but has seen a depreciation of 3.76%. Other areas like Navin Nagar and Ram Krishna Nagar command premium rental rates of ₹200 per sq ft and ₹250 per sq ft respectively, with stable rental rates.
As of March 2026, Vitthal Krupa Building in Vakola leads with the highest current rental rate at ₹125 per sq ft, maintaining stable rates. Kumar Society and Nikita Apartments Vakola follow with current rental rates of ₹120 per sq ft and ₹115 per sq ft respectively, both with stable rates. Shamik Elanza Santacruz has a current rental rate of ₹114 per sq ft, showing an appreciation of 1.79%.
The average rental rate for apartments in Vakola, Mumbai, is ₹100 per sq ft as of March 2026. This rate has appreciated by 6.73% compared to the previous period, indicating an increasing demand for rental apartments in the area.
For apartments in Vakola, Mumbai, the average asking price stands at ₹29,500 per sq ft as of March 2026. The Government Registration Rate, based on data from June 2025 to May 2026, is ₹20,850 per sq ft. This significant difference highlights a gap between the prices sellers are asking and the values officially recorded during property registrations.
