Mumbai
Versova continues to establish itself as a prominent residential hub in Mumbai, with property rates currently averaging ₹45,350 per sq ft. The market displays a healthy mix of supply, featuring 56 ready-to-move units alongside new launch projects that have seen a 10.29% growth in average pricing. Rental demand remains robust, with a 3.25% yield providing a stable income stream for property owners across various configurations. Government registration data confirms active market engagement, with 112 transactions recorded over the recent period.
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 previous periods, indicating a slight softening in seller expectations within the locality.
Property prices in Versova have shown a mixed trajectory over the last few quarters. As of June 2026, the location rate stands at ₹45,550 per sq ft, up from ₹45,350 per sq ft in March 2026, following a dip from ₹46,050 per sq ft in December 2025. This fluctuation suggests a dynamic market environment where buyers and sellers are continuously recalibrating based on current inventory levels.
As of June 2026, property prices in Versova vary significantly by project status. Ready To Move projects are priced at ₹31,900 per sq ft, which has depreciated by 5.29% compared to the prior period. In contrast, Under Construction projects are currently at ₹42,000 per sq ft, reflecting an appreciation of 0.78%, while New Launch projects are priced at ₹36,050 per sq ft, showing a notable appreciation of 10.29%.
The average rental rate in Versova is ₹123 per sq ft as of June 2026, which has seen a depreciation of 3.15% compared to previous periods. The rental yield for the locality is currently 3.25%, a key metric for investors to evaluate the potential annual income relative to the capital investment required for property acquisition.
As of June 2026, rental rates in Versova are tiered by configuration: 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 help tenants and investors understand the entry-level costs and potential income streams across different apartment sizes.
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%). Other notable projects include Jaycee Panch Amrut at ₹145 per sq ft and Bhagtani Heights at ₹143 per sq ft, which saw an appreciation of 10%.
As of June 2026, rental rates in Versova are highest for shops at ₹200 per sq ft (stable at 0% change), followed by office spaces at ₹150 per sq ft (depreciated by 2.5%), and apartments at ₹100 per sq ft (depreciated by 0.81%). This hierarchy highlights the premium commanded by commercial spaces over residential apartment units in the current rental market.
As of June 2026, the most premium residential projects 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 rates reflect the project-specific positioning and amenities that drive higher valuations compared to the locality average.
Rental rates vary across the vicinity of Versova as of June 2026. Areas like Seven Bunglow, Mudran Press Colony, Andheri West, Lokhandwala Complex, Shashtri Nagar, and Bhudargarh Colony all command an average of ₹150 per sq ft. In contrast, Yari Road, Sv Patel Nagar, Manish Nagar, and Four Bunglows currently average ₹100 per sq ft. Notably, Seven Bunglow saw an appreciation of 6.67%, while Manish Nagar experienced a significant depreciation of 20.17%.
The Government Registration Rate in Versova is ₹26,600 per sq ft, based on 112 transactions recorded between September 2025 and August 2026. This rate serves as a benchmark for official property valuations and is often lower than the current market asking price, providing a useful reference point for understanding the gap between official transaction values and current market sentiment.
