Property Rates in Versova, Mumbai 2026

Property prices in Versova have shown a slight downward trajectory in the most recent quarter, with the average asking price moving from ₹46,050 per sq ft in December 2025 to ₹45,000 per sq ft as of September 2026. This trend suggests a period of market correction, providing a potential entry point for buyers who were previously priced out of the area.

Property prices in Versova vary significantly when compared to surrounding areas. For instance, Juhu commands a higher average asking price of ₹60,650 per sq ft, which has depreciated by 0.71% recently. Conversely, more affordable options are available in areas like Jogeshwari West at ₹33,800 per sq ft, which has seen an appreciation of 8.22%, and Goregaon West at ₹33,400 per sq ft, which appreciated by 2.72%.

As of September 2026, under-construction properties in Versova are priced at a premium, averaging ₹46,100 per sq ft, having appreciated by 9.69% recently. In contrast, ready-to-move properties are available at a more accessible average of ₹31,800 per sq ft, which has seen a slight depreciation of 0.39%.

The average rental rate in Versova is ₹122 per sq ft as of September 2026, marking a depreciation of 0.81% compared to the prior period. The locality currently offers a rental yield of 3.25%, which provides a steady income stream for investors, though it should be weighed against the current capital appreciation trends in the area.

Rental rates in Versova scale according to unit size, catering to a diverse tenant profile. As of September 2026, a Studio apartment rents for an average of ₹28,000 per month, while a 1 BHK averages ₹50,550 per month. Larger configurations command higher premiums, with 2 BHK units at ₹96,600, 3 BHK units at ₹1.37 Lakh, and 4 BHK units reaching ₹1.45 Lakh per month.

Premium rental demand in Versova is led by projects such as Panchavati Versova, which commands ₹163 per sq ft, and Mount Sea View Apartment at ₹159 per sq ft. Other notable projects include Sky Heaven at ₹146 per sq ft and Jaycee Panch Amrut at ₹145 per sq ft. These rates reflect the project-specific amenities and location advantages that justify higher rental premiums compared to the locality average of ₹122 per sq ft.

The Government Registration Rate in Versova is currently ₹27,900 per sq ft, based on transactions recorded between November 2025 and October 2026. This rate serves as a benchmark for stamp duty and registration fee calculations. Buyers should note that this figure is often lower than the current market asking price of ₹45,000 per sq ft, which is a common occurrence in established residential markets.

Rental rates across Versova's neighbourhoods show distinct variations. Areas like Seven Bunglow, Mudran Press Colony, Andheri West, Shashtri Nagar, and Bhudargarh Colony command higher rates of ₹150 per sq ft. In contrast, Yari Road, Sv Patel Nagar, Lokhandwala Complex, Manish Nagar, and Four Bunglows currently average ₹100 per sq ft. Notably, Shashtri Nagar has seen a significant rental appreciation of 22.79%, while Four Bunglows experienced a depreciation of 31.82%.

As of September 2026, the highest listing rates in Versova are found in Asshna Seabliss at ₹57,500 per sq ft, which appreciated by 27.06% recently, and Lodha Versova at ₹57,100 per sq ft, which saw a 41.69% appreciation. Platinum Grandeur also ranks high at ₹53,150 per sq ft, having appreciated by 35.55%. These premium projects often command higher prices due to their specific location, modern amenities, and developer reputation.

Investors in Versova should note that new launches are currently priced at ₹41,550 per sq ft, reflecting a strong appreciation of 15.24% as of September 2026. This indicates high developer confidence and market demand for new inventory. Meanwhile, well-occupied projects show a depreciation of 9.19% to ₹30,300 per sq ft, which may present value-buying opportunities for those seeking immediate rental income rather than capital appreciation.