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Property Rates in Veera Desai Road, Mumbai

Comprehensive Market Snapshot

Veera Desai Road in Mumbai presents a dynamic real estate landscape, with current asking prices for properties averaging ₹33,762 per sq ft. The rental market here is notably active, commanding an average rental rate of ₹115 per sq ft and offering a healthy rental yield of 4.09%. Over the last quarter, property rates in Veera Desai Road have seen a 1.61% increase, indicating steady growth for this prime location.

  • Properties in Veera Desai Road are currently priced at an average of ₹33,762 per sq ft.
  • The area offers a robust rental yield of 4.09%, with an average rental rate of ₹115 per sq ft.
  • Apartments in Veera Desai Road experienced a 1.61% price appreciation over the recent quarter.
  • Gulmohar Road stands out as a premium locality nearby, with average rates of ₹57,885 per sq ft.
  • DLH Sorrento, a key project, is listed at ₹37,396 per sq ft, reflecting market dynamics.

  • Asking Sale Price₹ 33,762 /sq.ft
  • Average Rental₹ 115 /sq.ft
  • Rental Yield4.09 %
  • Insights
  • Price Trends
  • Project and Developer Insights
  • Rental Trends
  • Other Property Rates

Insights for Veera Desai Road, Mumbai Real Estate Market

Veera Desai Road in Mumbai continues to be a vibrant real estate hub, reflecting consistent growth with an average asking price of ₹33,762 per sq ft. The market has demonstrated positive momentum, as property rates in the area increased by 1.61% over the last quarter, outperforming the broader micromarket's 0.53% rise. The rental segment is particularly attractive, boasting an average rental rate of ₹115 per sq ft and an impressive rental yield of 4.09%, making it appealing for investors. Notably, the 'Well Occupied' property status, represented by projects like DLH Sorrento, is priced around ₹37,396 per sq ft.

  • Veera Desai Road's average property price of ₹33,762 per sq ft shows a 1.61% increase this quarter.
  • The micromarket, including Veera Desai Road, saw a 0.53% increase in rates during the same period.
  • Rental properties in Veera Desai Road yield an average of 4.09%, with a rate of ₹115 per sq ft.
  • Oshiwara recorded a significant 10.02% increase in property rates, reaching ₹31,885 per sq ft.
  • For rentals, Momin Nagar experienced a substantial 20% increase in average rental rates, now at ₹96 per sq ft.

Market Strengths Market Strengths
  • Veera Desai Road boasts a healthy average asking price of ₹33,762 per sq ft, reflecting its premium status.
  • The locality exhibited a strong 1.61% quarterly growth in property rates, indicating robust market demand.
  • A notable rental yield of 4.09% underscores the area's attractiveness for rental investments.
  • Average rental rates of ₹115 per sq ft demonstrate a strong rental market.
  • 4 BHK apartments command high monthly rents of ₹1.4 Lakh, catering to a luxury rental segment.
  • Specific sub-localities like Jogeshwari West and Andheri West show positive growth in property rates, reinforcing regional strength.
Market Challenges Market Challenges
  • Amboli, a nearby locality, experienced a significant -11.88% decline in property rates, highlighting localized market fluctuations.
  • The 'Well Occupied' property status, exemplified by DLH Sorrento, saw a -1.46% change in average price, indicating a slight downward adjustment in this segment.
  • The average rental rate for apartments in Veera Desai Road saw a -0.86% change, suggesting a minor softening in rental prices for this property type.
  • Shashtri Nagar, despite having the highest average rental rate at ₹137 per sq ft, recorded a -8.67% change, indicating potential volatility in premium rental sub-markets.
Investment Opportunities Investment Opportunities
  • Veera Desai Road offers a healthy rental yield of 4.09%, making it attractive for rental income generation.
  • Property rates in Veera Desai Road increased by 1.61% quarter-on-quarter, signaling positive capital appreciation potential.
  • Oshiwara, a nearby locality, recorded a strong 10.02% increase in property rates, suggesting potential for growth in surrounding areas.
  • Specific rental property types like 4 BHK apartments command significant monthly rents of ₹1.4 Lakh, indicating demand for larger units.
  • Momin Nagar saw a substantial 20% increase in rental rates, pointing to emerging rental hotspots.
  • Veera Desai Industrial Estate witnessed a 14.68% rise in rental rates, showing strength in specific sub-markets.
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Property Price Trends in Veera Desai Road, Mumbai

Asking Price Trends

Property rates in Veera Desai Road have shown a positive trajectory, increasing by 1.61% from ₹33,226 per sq ft in June 2025 to ₹33,762 per sq ft by September 2025. This growth in the locality outpaced the broader micromarket, which saw a more modest increase of 0.53% during the same period, moving from ₹21,028 to ₹21,139 per sq ft.

Quarter City Rate
Dec 2025 0
Sep 2025 33762
Jun 2025 33226
Mar 2025 0
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Price Trends by Property Type

The real estate market in Veera Desai Road predominantly features apartments, which currently average ₹33,762 per sq ft. This property type has experienced a positive change of 1.61% in its average price, indicating a steady demand and appreciation within this segment.

Type Rate (₹/sq.ft) Change %
Apartment 33,762 1.61
Price Trends by Localities

Within the vicinity of Veera Desai Road, property rates exhibit considerable variation, reflecting diverse market appeal and amenities. Gulmohar Road commands a premium at ₹57,885 per sq ft, having seen a 1.64% rise. Meanwhile, Andheri West and Ambivali also feature higher average rates around ₹40,059 to ₹40,060 per sq ft. Oshiwara has experienced robust growth, with prices increasing by 10.02% to ₹31,885 per sq ft, while Amboli saw a notable decline of -11.88%, settling at ₹33,720 per sq ft.

Location Rate (₹/sq.ft) Change %
Ambivali 40,060 -
Jogeshwari West 29,527 4.8
Amboli 33,720 -11.9
Andheri West 40,059 4.4
Oshiwara 31,885 10
Lokhandwala Complex 35,222 -1.8
Gulmohar Road 57,885 1.6
Jogeshwari East 28,623 -1.6
Versova 45,729 10
Sher E Punjab Colony 33,281 -

Project and Developer Insights

Top Projects by Listing Rates

DLH Sorrento stands out as a prominent project in Veera Desai Road, with current listing rates at ₹37,396 per sq ft. This project, located in the Mumbai Western Suburbs, has experienced a -1.46% change in its asking price, reflecting its position within the competitive luxury segment of the locality.

  • Listing Rate
Project Name Rate (₹/sq.ft) Change %
Dlh Sorrento 37,396 -1.5
Top Projects by Rental Rates

DLH Sorrento stands out among the top rental projects in Veera Desai Road, offering properties at an average rental rate of ₹109 per sq ft. This project, located in the Mumbai Western Suburbs, experienced a -0.91% change in its rental rates, reflecting its competitive positioning in the local rental market.

Project Name Rate (₹/sq.ft) Change %
Dlh Sorrento 109 -0.91

Property Rental Trends in Veera Desai Road, Mumbai

Rental Trends by Unit Type

In Veera Desai Road, the rental market offers diverse options across unit configurations. A 2 BHK apartment can be rented for an average of ₹71,818 per month, providing a popular choice for residents. For those seeking more expansive living spaces, 4 BHK apartments command higher rents, averaging ₹1.4 Lakh per month, reflecting demand for larger residential units in the area.

Unit Type Rate (₹)
2 Bhk 71,818
4 Bhk 1,40,000
Rental Trends by Nearby Localities

Rental rates around Veera Desai Road vary across different sub-localities. Shashtri Nagar currently leads with an average rental rate of ₹137 per sq ft, though it experienced a -8.67% change. Veera Desai Industrial Estate saw a significant 14.68% increase, reaching ₹125 per sq ft. Momin Nagar also showed strong growth, with a 20% rise bringing its average rental rate to ₹96 per sq ft, while Khan Estate recorded the lowest average at ₹88 per sq ft.

Locality Rate (₹/sq.ft) Change %
Industrial Area 112 -
Veera Desai Industrial Estate 125 14.68
Jeevan Nagar 113 4.63
Ambivali 100 -
Khan Estate 88 -1.12
Patil Wadi 91 -
Suresh Nagar 127 -
Jogeshwari West 112 0.9
Shashtri Nagar 137 -8.67
Momin Nagar 96 20
Rental Trends by Property Type

For rental properties in Veera Desai Road, apartments are the primary offering, with an average rental rate of ₹115 per sq ft. This property type has seen a minor adjustment, with a -0.86% change, indicating a relatively stable but slightly softening rental market for apartments.

Property Type Rate (₹/sq.ft) Change %
Apartment 115 -0.86
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