Mumbai
Versova maintains its status as a premium residential hub, with property values averaging ₹45,350 per sq ft. Market trends indicate a shift in pricing, while the rental sector remains active with a competitive yield of 3.25%. Recent government registration data highlights significant liquidity, with 210 transactions totaling ₹461 Cr in gross value. The supply mix is well-distributed, featuring a mix of ready-to-move homes and under-construction projects that cater to varying buyer timelines and investment goals.
As of March 2026, the average asking price in Versova is ₹45,350 per sq ft. This rate has depreciated by 1.51% compared to the previous period, reflecting a recent market adjustment in this locality.
Property prices in Versova have shown a mixed trajectory over the last few quarters. As of March 2026, the average asking price stands at ₹45,350 per sq ft, down from ₹46,050 per sq ft in December 2025, but higher than the ₹41,600 per sq ft recorded in September 2025. This fluctuation suggests a dynamic market environment where buyers and investors should monitor quarterly shifts to gauge long-term value.
Property rates in Versova vary significantly when compared to surrounding areas in Mumbai. For instance, Juhu commands a higher average asking price of ₹61,100 per sq ft, which has depreciated by 1.3% recently. Conversely, areas like Jogeshwari West offer a more accessible entry point at ₹31,250 per sq ft, having appreciated by 9.58%. Other nearby locations include Andheri West at ₹40,000 per sq ft, which saw a 0.71% depreciation, and Oshiwara, which has experienced a notable 18.4% appreciation to reach ₹36,000 per sq ft.
As of March 2026, there is a distinct price gap between property statuses in Versova. Ready-to-move properties are priced at an average of ₹32,650 per sq ft, having depreciated by 3.1% from the previous period. In contrast, under-construction projects command a premium, averaging ₹42,000 per sq ft, which has appreciated by 0.8%. This price positioning reflects the typical premium buyers pay for newer inventory and the potential for future capital appreciation in under-construction developments.
The average rental yield in Versova is 3.25% as of March 2026, providing a baseline for investors to evaluate income potential against capital investment. While the average rental rate for apartments is ₹100 per sq ft, it has depreciated by 3.15% recently. Investors should view this yield in the context of the total property asking price of ₹45,350 per sq ft to determine if the rental income aligns with their long-term financial goals.
Rental rates in Versova scale according to unit size, catering to a diverse tenant profile. As of March 2026, a Studio apartment rents for an average of ₹28,000 per month, while a 1 BHK averages ₹50,400 per month. For larger requirements, 2 BHK units average ₹93,250 per month, 3 BHK units reach ₹1.3 Lakh per month, and 4 BHK units command ₹2.5 Lakh per month. These figures offer a clear view of the monthly commitment required for different configurations in the locality.
Several projects in Versova stand out for their premium rental positioning. Panchavati Versova leads with a current rental rate of ₹163 per sq ft, which has depreciated by 1.81%. Other notable high-rent projects include Mount Sea View Apartment at ₹159 per sq ft (stable at 0% change), Sky Heaven at ₹146 per sq ft (depreciated by 7.59%), Jaycee Panch Amrut at ₹145 per sq ft (stable), and Bhagtani Heights at ₹143 per sq ft, which has appreciated by 10%.
The Government Registration Rate in Versova is currently ₹26,600 per sq ft, based on data from June 2025 to May 2026. This is significantly lower than the current market asking price of ₹45,350 per sq ft as of March 2026. Buyers should be aware that the registration rate is used for stamp duty and tax calculations, while the market asking price reflects the actual transaction value negotiated between buyers and sellers.
Buyers should use the provided price trends to identify whether a locality is currently experiencing a cooling phase or a growth spurt. For example, since the average asking price in Versova has shifted from ₹46,050 per sq ft in December 2025 to ₹45,350 per sq ft in March 2026, a buyer might interpret this 1.51% depreciation as a potential window for negotiation. Always compare these trends against the specific property status, such as under-construction or ready-to-move, to make a well-informed acquisition decision.
