Property Rates & Price Trends in Mumbai

Latest rates, area-wise breakdown & market analysis · Updated May 2026

₹28,333

Avg Price / sq ft

₹18,500 – ₹42,000

Price Range

+3.5%

Quarterly Change

+13.7%

Yearly Change

Rates by Property Type

Commercial

₹42,000

per sq ft

1.8% Q 7.5% Y

Residential

₹21,500

per sq ft

4.3% Q 16.8% Y

Area-wise Rates in Mumbai

Area / Locality	Avg Rate (₹/sq ft)	Quarterly	Yearly
Bandra Kurla Complex (BKC)	₹42,000	1.8%	7.5%
Western Suburbs — Kandivali / Goregaon	₹24,500	2.8%	9.3%
Navi Mumbai — Panvel / Ulwe	₹18,500	5.8%	24.2%

Most Appreciated Areas

#	Area	Avg Rate	YoY Growth
1	Navi Mumbai — Panvel / Ulwe	₹18,500	+24.2%
2	Western Suburbs — Kandivali / Goregaon	₹24,500	+9.3%
3	Bandra Kurla Complex (BKC)	₹42,000	+7.5%

Most Affordable Areas

#	Area	Avg Rate
1	Navi Mumbai — Panvel / Ulwe	₹18,500/sq ft
2	Western Suburbs — Kandivali / Goregaon	₹24,500/sq ft
3	Bandra Kurla Complex (BKC)	₹42,000/sq ft

Market Analysis

Navi Mumbai Airport Zone (Panvel-Ulwe) is India's single fastest-appreciating residential market in 2026. Navi Mumbai International Airport construction nearing completion, combined with Trans-Harbour Link mega bridge and NMSEZ development, has propelled prices 24% YoY. Entry price for 2BHK in Ulwe at Rs 90 lakh–Rs 1.2 crore — still 40-50% cheaper than equivalent Western Suburbs. Long-term target: Rs 25,000-30,000 per sq ft by 2028-29 when airport becomes operational. Strong NRI and HNI investor activity — 24% of luxury buyers now from outside Mumbai per market reports.

All Cities

Price Trends · May 2026

Mumbai

Property Rates & Market Analysis

₹28,333

Avg/sq ft

+3.5%

Quarterly

+13.7%

Yearly

Prop Types

By Property Type

Commercial

₹42,000

per sq ft

1.8% Q 7.5% Y

Residential

₹21,500

per sq ft

4.3% Q 16.8% Y

Top Appreciated Areas

Navi Mumbai — Panvel / Ulwe

₹18,500/sq ft

+24.2%

Western Suburbs — Kandivali / Goregaon

₹24,500/sq ft

+9.3%

Bandra Kurla Complex (BKC)

₹42,000/sq ft

+7.5%

Area-wise Rates

Area	₹/sq ft	Q Change	Y Change
Bandra Kurla Complex (BKC)	₹42,000	1.8%	7.5%
Western Suburbs — Kandivali / Goregaon	₹24,500	2.8%	9.3%
Navi Mumbai — Panvel / Ulwe	₹18,500	5.8%	24.2%

Most Affordable Areas

#1 Affordable

Navi Mumbai — Panvel / Ulwe

₹18,500/sq ft

#2 Affordable

Western Suburbs — Kandivali / Goregaon

₹24,500/sq ft

#3 Affordable

Bandra Kurla Complex (BKC)

₹42,000/sq ft

Market Analysis

Other Cities

Dwarka

₹14,200/sq ft

Faridabad

₹6,650/sq ft

Gurugram

₹16,000/sq ft

Lucknow

₹7,000/sq ft

Noida

₹12,037/sq ft

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Property Rates & Price Trends in Mumbai

Rates by Property Type

Area-wise Rates in Mumbai

Most Appreciated Areas

Most Affordable Areas

Market Analysis

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LOOKING TO SELL WITH DIRECTOHOME?

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Rates by Property Type

Area-wise Rates in Mumbai

Most Appreciated Areas

Most Affordable Areas

Market Analysis