Mumbai
The real estate market in Vasant Vihar displays strong activity, highlighted by consistent registration volumes and high-value property transactions. Market participants observe a diverse pricing structure across nearby localities like Altamount Road and Malabar Hill, which influence the broader price landscape. Rental demand remains steady, particularly for larger unit configurations that cater to a high-end demographic. Government registration data confirms a solid foundation for investment, with multiple transactions driving the overall gross value.
As of June 2026, the average asking price in Vasant Vihar stands at ₹41,150 per sq ft. This figure reflects a downward trend compared to the previous quarter, where the rate was ₹46,350 per sq ft in March 2026, indicating a market correction in the locality.
The price trend in Vasant Vihar has shown a recent decline, with the average asking price moving from ₹46,350 per sq ft in December 2025 to ₹41,150 per sq ft in June 2026. Prior to this, the market remained relatively stable, hovering around ₹46,200 per sq ft in September 2025, suggesting that the recent drop represents a shift in current buyer sentiment or inventory pricing.
The Government Registration Rate in Vasant Vihar is recorded at ₹46,400 per sq ft, based on data from October 2025 to September 2026. This is higher than the current average asking price of ₹41,150 per sq ft observed in June 2026, which may be a critical factor for buyers to consider when evaluating the cost of property acquisition versus official valuation benchmarks.
The average rental rate in Vasant Vihar is ₹234 per sq ft as of June 2026. This rate has remained stable with a 0% change, indicating that rental demand and supply have reached a point of equilibrium in the current market environment.
Rental prices in Vasant Vihar vary significantly by unit size, with 1 BHK apartments averaging ₹33,950 per month, while larger 3 BHK and 4 BHK units command average monthly rents of ₹3.5 Lakh and ₹3.75 Lakh, respectively, as of June 2026. These figures help tenants and investors understand the premium associated with larger living spaces in this locality.
Rental rates in Vasant Vihar, at ₹234 per sq ft, are positioned competitively against surrounding areas like Walkeshwar, Malabar Hill, and Kemps Corner, which all command an average rental rate of ₹250 per sq ft as of June 2026. Notably, Babulnath has seen a significant appreciation of 63.4% in rental rates compared to previous periods, while Girgaum Chowpatty has experienced a depreciation of 10.92%, highlighting the diverse rental performance across these neighbouring micro-markets.
Investors should note that the average rental rate for apartments in Vasant Vihar is ₹250 per sq ft as of June 2026, with no change in rates compared to the previous period. This stability suggests a consistent rental market, which can be useful for those looking to calculate potential rental yields relative to the current sale asking price of ₹41,150 per sq ft.
Among areas near Vasant Vihar, Altamount Road has experienced a substantial appreciation of 38.64% as of June 2026, while Kemps Corner has seen a notable depreciation of 31.13% over the same period. These variations demonstrate that even within the same broader geography, individual neighbourhoods can exhibit vastly different price trajectories based on local demand and development activity.
As of June 2026, the average asking price in Malabar Hill is ₹95,700 per sq ft, reflecting an appreciation of 3.59% compared to previous periods, while Walkeshwar is priced at ₹95,000 per sq ft, which represents a depreciation of 15.37%. These figures provide a useful benchmark for buyers comparing Vasant Vihar’s current rate of ₹41,150 per sq ft against other high-value residential hubs in the city.
Buyers can use this data to compare the current asking price of ₹41,150 per sq ft against the Government Registration Rate of ₹46,400 per sq ft to assess if they are paying a fair market value. Additionally, by monitoring the quarterly price trends from September 2025 to June 2026, buyers can identify whether the market is currently in a correction phase or trending upward, helping them time their investment more effectively.
