Mumbai
The Vasant Vihar property market demonstrates a clear focus on luxury residential living, supported by steady registration activity and high-value rental yields. Investors and residents alike benefit from a well-defined price structure that aligns with the premium infrastructure of the area. Rental demand remains strong, particularly for larger unit configurations, while property rates across surrounding neighborhoods show varied performance that informs broader investment decisions.
As of June 2026, the average asking price in Vasant Vihar stands at ₹41,150 per sq ft. This figure reflects a market movement where rates have adjusted from the previous level of ₹46,350 per sq ft recorded in March 2026, signaling a period of price correction in this specific micromarket.
Property prices in Vasant Vihar 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 as of June 2026. Prior to this, the market remained stable at ₹46,350 per sq ft throughout the period from December 2025 to March 2026, following a slight increase from ₹46,200 per sq ft in September 2025.
The average asking price in Vasant Vihar is currently ₹41,150 per sq ft as of June 2026, while the Government Registration Rate is recorded at ₹46,400 per sq ft. This data is based on 29 transactions registered between September 2025 and August 2026, which collectively represent a gross value of ₹103 Cr.
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 values have held steady over the recent monitoring period.
Rental rates in Vasant Vihar vary significantly by unit size, with 1 BHK apartments averaging ₹33,950 per month, 3 BHK units at ₹3.5 Lakh per month, and 4 BHK units at ₹3.75 Lakh per month as of June 2026. These figures provide a clear range for tenants and investors, illustrating the premium commanded by larger residential configurations in the area.
Rental rates in the vicinity of Vasant Vihar show notable variation, with areas like Walkeshwar, Malabar Hill, Babulnath, Kemps Corner, Gamdevi, Cumbala Hill, and Breach Candy all commanding ₹250 per sq ft as of June 2026. Specifically, Babulnath has seen significant appreciation, with rates rising by 63.4% compared to the previous period, while Girgaum Chowpatty has experienced a depreciation of 10.92%, bringing its rate to ₹150 per sq ft.
Among areas near Vasant Vihar, Altamount Road currently commands the highest average asking price at ₹1.31 Lakh per sq ft, having appreciated by 38.64% from the previous period. In contrast, Kemps Corner and Grant Road offer relatively more accessible entry points at ₹55,650 per sq ft and ₹55,700 per sq ft respectively, with Kemps Corner showing a depreciation of 31.13% and Grant Road showing an appreciation of 16.55% over the observed timeframe.
Investors should evaluate the current average asking price of ₹41,150 per sq ft in Vasant Vihar alongside the average rental rate of ₹234 per sq ft to assess potential income streams. With the sale price having adjusted from ₹46,350 per sq ft in March 2026 to ₹41,150 per sq ft in June 2026, investors can analyze whether this correction offers a more attractive entry point for long-term yield potential.
