Mumbai
The Vasant Vihar real estate landscape is characterized by its high-value residential offerings and sustained transaction interest within the broader Malabar Hill region. Market data indicates a premium pricing tier, with several surrounding micromarkets showing significant year-on-year appreciation, particularly along Altamount Road. Rental demand remains robust, driven by the availability of high-end apartment configurations that cater to a sophisticated tenant base. Government registrations confirm a steady flow of property transfers, underscoring the enduring appeal of this prime Mumbai location for long-term capital preservation.
As of June 2026, the average asking price in Vasant Vihar stands at ₹41,150 per sq ft. This figure reflects a market trend where prices have shifted from ₹46,350 per sq ft in March 2026, representing a period of price adjustment in the local real estate market.
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 in June 2026. Prior to this, the market remained stable at ₹46,350 per sq ft between December 2025 and 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, while the Government Registration Rate for the area is recorded at ₹64,600 per sq ft based on transactions between September 2025 and August 2026. Investors and buyers should note that the Government Registration Rate is derived from 32 recorded transactions with a total gross value of ₹110 Cr, providing a benchmark for official valuation that differs from current market asking prices.
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 consistent rental demand and pricing stability in the locality for the observed period.
Rental rates in Vasant Vihar vary by unit size, with 1 BHK apartments averaging ₹33,950 per month, 3 BHK apartments at ₹3.5 Lakh per month, and 4 BHK apartments at ₹3.75 Lakh per month as of June 2026. This range allows tenants to choose properties based on their space requirements, while landlords can gauge the premium commanded by larger configurations in the current market.
Rental rates in the vicinity of Vasant Vihar show significant variation, with areas like Walkeshwar, Malabar Hill, Babulnath, Kemps Corner, Gamdevi, Cumbala Hill, and Breach Candy all commanding 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, while Girgaum Chowpatty, which averages ₹150 per sq ft, experienced a depreciation of 10.92% compared to previous periods.
Property prices in the areas surrounding Vasant Vihar vary widely, with Altamount Road commanding the highest average asking price at ₹1.31 Lakh per sq ft, which has appreciated by 38.64% compared to previous data. Conversely, Kemps Corner is currently at ₹55,650 per sq ft, reflecting a 31.13% depreciation, and Walkeshwar stands at ₹95,000 per sq ft, showing a 15.37% depreciation over the observed timeframe.
Investors looking at Vasant Vihar should note that the average rental rate is ₹234 per sq ft, with apartments being the primary property type available for rent at ₹250 per sq ft. Since the rental market has shown 0% change in the average rate, it suggests a stable income environment for property owners, which is a key metric when evaluating the long-term return on investment alongside current sale price trends.
