Mumbai
Versova continues to solidify its reputation as a premium residential hub in Mumbai, with property prices showing resilience and steady growth across various development stages. The market balances immediate occupancy needs with modern new-launch inventory, ensuring a diverse range of options for prospective homeowners and investors. Rental demand remains strong, particularly for larger configurations, while commercial and residential rental yields provide stable returns for property owners. Local infrastructure and the proximity to coastal amenities further enhance the appeal of this locality, making it one of the most sought-after addresses in the western suburbs.
The average asking price in Versova is ₹45,350 per sq ft as of June 2026. This figure reflects a market depreciation of 1.51% compared to the previous period, suggesting a slight softening in property valuations within this locality.
Property prices in Versova have shown a fluctuating trajectory, with the location rate moving from ₹41,600 per sq ft in September 2025 to ₹46,050 per sq ft in December 2025, before adjusting to ₹45,350 per sq ft in March 2026 and reaching ₹45,550 per sq ft by June 2026. These shifts indicate a dynamic market where buyer interest and inventory levels continue to influence pricing movements.
As of June 2026, property rates in Versova vary significantly by project status: Ready To Move units are priced at ₹31,900 per sq ft (a depreciation of 5.29% from the prior period), Well Occupied projects at ₹33,400 per sq ft (an appreciation of 5.73%), Under Construction projects at ₹42,000 per sq ft (an appreciation of 0.78%), and New Launch projects at ₹36,050 per sq ft (a notable appreciation of 10.29%). This spread highlights the premium placed on newer developments and the varying demand for immediate versus future possession.
The rental yield in Versova stands at 3.25% as of June 2026. For investors, this yield represents the annual rental income relative to the capital investment, serving as a key metric to assess the income-generating potential of residential assets in the area compared to their purchase price.
As of June 2026, rental rates in Versova are segmented by unit size: Studio apartments average ₹28,000 per month, 1 BHK units average ₹51,300 per month, 2 BHK units average ₹95,850 per month, 3 BHK units average ₹1.36 Lakh per month, and 4 BHK units average ₹1.45 Lakh per month. These figures provide a clear benchmark for tenants and landlords to evaluate market-appropriate pricing based on space requirements.
As of June 2026, the top projects by rental rates in Versova include Panchavati Versova at ₹163 per sq ft (depreciated by 1.81%), Mount Sea View Apartment at ₹159 per sq ft (stable with 0% change), and Sky Heaven at ₹146 per sq ft (depreciated by 7.59%). These projects represent the premium segment of the rental market, where factors like location, building maintenance, and amenities drive higher per-square-foot rental values.
Rental rates in the vicinity of Versova show significant variation: Seven Bunglow and Lokhandwala Complex both command ₹150 per sq ft, with the former appreciating by 6.67% and the latter by 5.79% as of June 2026. Conversely, areas like Four Bunglows and Manish Nagar are priced lower at ₹100 per sq ft, both having experienced significant depreciation of 18.18% and 20.17% respectively, reflecting diverse demand levels across these sub-markets.
The average asking price in Versova is ₹45,350 per sq ft, while the Government Registration Rate is recorded at ₹26,600 per sq ft for the period of September 2025 to August 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is a critical factor for buyers to consider when calculating total acquisition costs and stamp duty obligations.
As of June 2026, the projects with the highest listing rates in Versova include Godrej Skyshore at ₹53,300 per sq ft (depreciated by 0.28%), Rustomjee Ocean Vista at ₹49,150 per sq ft (depreciated by 0.08%), and Gurukrupa Dhyanam at ₹47,400 per sq ft (appreciated by 2.9%). These higher price points generally reflect the premium positioning of these specific developments within the Versova residential landscape.
Buyers should use the provided data to understand the current market valuation of ₹45,350 per sq ft in Versova as of June 2026 and compare it against historical trends to gauge if the market is currently in an appreciation or depreciation phase. By analyzing the differences between Ready To Move and Under Construction pricing, as well as checking the Government Registration Rate, buyers can make more informed decisions regarding their budget and the long-term value of their investment.
