Mumbai
Worli is a prominent residential hub in South Mumbai, characterized by high-value real estate and a steady flow of property registrations. The market balance shifts between premium apartment sales and a strong rental sector, with rental rates averaging ₹240 per sq ft across various unit configurations. Recent registration data indicates a high volume of transactions, further bolstered by established developers like Omkar and Lokhandwala Kataria Construction. Investors and end-users alike focus on the area due to its strategic location and the presence of luxury residential projects.
As of March 2026, the average asking price in Worli is ₹74,050 per sq ft. This figure reflects an appreciation of 4.56% compared to previous periods, indicating a resilient and high-demand market in this premium South Mumbai locality.
Property prices in Worli have shown an upward trajectory, rising from ₹65,700 per sq ft in September 2025 to ₹74,050 per sq ft by March 2026. This consistent growth signals strong investor confidence and sustained demand for luxury residential assets in the area.
The average asking price in Worli stands at ₹74,050 per sq ft, which is notably higher than the Government Registration Rate of ₹52,950 per sq ft as of the period ending May 2026. This variance is common in premium markets and reflects the market-driven valuation of high-end residential projects over government-benchmarked values.
As of March 2026, ready-to-move properties in Worli are priced at an average of ₹53,850 per sq ft, having appreciated by 4.56%. In contrast, under-construction projects are currently commanding a higher average of ₹69,950 per sq ft, which has seen an appreciation of 2.78% over the same timeframe, reflecting the premium commanded by modern, new-age developments.
Property rates in the vicinity of Worli show significant diversity, with Tardeo leading at ₹73,950 per sq ft, followed by Worli Sea Face at ₹64,050 per sq ft. Conversely, areas like Agripada and Byculla East offer more accessible entry points at ₹35,550 per sq ft and ₹35,250 per sq ft respectively, though these areas have seen varying degrees of market correction recently.
The average rental yield in Worli is 3.89% as of March 2026. This yield provides a key metric for investors to evaluate income potential against the high capital outlay required for property acquisition in this prime location.
Rental rates in Worli scale significantly with size, starting from an average of ₹34,900 per month for a Studio apartment. Rates progress to ₹70,050 for 1 BHK, ₹1.92 Lakh for 2 BHK, ₹3.77 Lakh for 3 BHK, and reach up to ₹9.58 Lakh per month for 6 BHK units, catering to a diverse range of high-net-worth tenants.
Oberoi Three Sixty West leads the rental market in Worli with a current rate of ₹357 per sq ft, followed by Lodha Trump Tower at ₹294 per sq ft and Kalpataru Horizon at ₹291 per sq ft. The high rates in these projects are driven by their premium amenities, iconic status, and strategic location within the micromarket.
Rental rates vary across the region, with the Mahalaxmi Racecourse area commanding the highest premium at ₹300 per sq ft. Other areas like Upper Worli and Dairy Colony maintain a steady rate of ₹250 per sq ft, while locations such as Worli Naka and Siddharth Nagar are more competitively priced at ₹150 per sq ft.
Omkar leads the developer activity in Worli with 5 recorded transactions, followed by Lokhandwala Kataria Construction and Mhada, each with 4 transactions. This activity level highlights these developers' significant presence and the market's preference for their specific project portfolios.
Omkar 1973 is the most active project in terms of transactions with 5 recorded sales, followed by Piramal Mahalaxmi with 1 transaction. Omkar 1973 has also seen a notable appreciation of 12.73% in its rate, currently standing at ₹58,600 per sq ft.
A buyer should view the steady appreciation in Worli—such as the 4.56% increase in apartment prices to ₹74,050 per sq ft by March 2026—as a sign of a mature, high-demand market. While the capital entry point is high, the consistent demand and presence of premium developers suggest a stable environment for long-term capital appreciation.
Yes, there is a distinct pricing gap; as of March 2026, residential apartments in Worli average ₹74,050 per sq ft, having appreciated by 4.56%. Meanwhile, office spaces are priced at ₹48,400 per sq ft, which has seen a significant appreciation of 11.28%, reflecting a strong demand for commercial real estate in the area.
Apartments in Worli currently command an average rental rate of ₹250 per sq ft, which has seen a depreciation of 4.76% from previous periods. In comparison, villas are currently at ₹150 per sq ft, having appreciated by 16.94%, indicating a shift in rental demand dynamics for different property categories.
Projects listed as 'Project On Hold' in Worli, such as the one currently priced at ₹50,400 per sq ft, indicate a market segment where prices have remained stable with 0% change. Investors should exercise caution and conduct thorough due diligence on such projects to understand the specific reasons for the status and the potential impact on possession timelines.
