Property rates in Bhuleshwar average ₹42,000 per sq ft, reflecting a positive growth trend of 5.67% for apartment units. This South Mumbai locality sustains a premium residential market with diverse options, ranging from established ready-to-move projects to active new launches. Investors often look at the area's strong connectivity and ongoing development, with high-end projects like Aasma Necklace View and Shreepati Aradhana setting significant value benchmarks for the surrounding residential landscape.
Insights for Bhuleshwar, Mumbai Real Estate Market Overview
The Bhuleshwar real estate market exhibits a dynamic mix of residential developments, with average property rates for apartments currently at ₹42,000 per sq ft. Market activity is balanced between ready-to-move units and new launches, with a total of 224 government-registered transactions generating a gross value of ₹219 Cr. Rental demand remains steady, particularly for 2 BHK configurations which command an average monthly rent of ₹78,350. The region benefits from its proximity to major South Mumbai hubs, maintaining consistent interest from buyers and investors alike.
Apartment prices have seen a healthy growth of 5.67% over the recent period.
Ready-to-move inventory consists of 37 units, priced at an average of ₹32,550 per sq ft.
Under-construction projects currently number 8, with an average price point of ₹35,250 per sq ft.
Rental rates for 2 BHK apartments average ₹78,350 per month, reflecting strong residential demand.
Government registration data shows 224 transactions recorded between Nov 25 and Oct 26.
Market Strengths
Average apartment prices are performing well with a 5.67% growth rate.
The market features a substantial supply of 37 ready-to-move units for immediate possession.
Rental demand for 2 BHK configurations remains robust at ₹78,350 per month.
Government records show 224 successful transactions, confirming high buyer activity.
Premium projects like Aasma Necklace View command high valuations, signaling strong luxury appeal.
Market Challenges
Ready-to-move inventory has experienced a price adjustment of -9.83%, reflecting a shift in short-term market valuation.
Well-occupied properties have seen a price change of -18.54% over the recent period.
New launch projects currently show a -5.43% change in average pricing.
Under-construction projects are seeing a -2.46% trend in their current price points.
Investment Opportunities
The 5.67% appreciation in apartment prices indicates a healthy growth trend for long-term residential investors.
2 BHK apartments offer a consistent rental income stream, averaging ₹78,350 per month.
New launch projects at ₹29,950 per sq ft present a lower entry point compared to the overall market average.
Under-construction projects at ₹35,250 per sq ft allow investors to benefit from future potential value gains.
Price Trend
Bhuleshwar, Mumbai Property Price Trends and Appreciation
Bhuleshwar sits within a competitive regional landscape where property rates vary significantly by proximity to key South Mumbai landmarks. Tardeo commands a premium at ₹89,400 per sq ft, while Kemps Corner stands at ₹73,100 per sq ft. More accessible price points are found in areas like Nagpada at ₹35,050 per sq ft and Agripada at ₹38,950 per sq ft, offering varied entry options for home seekers.
Bhuleshwar's real estate market focuses primarily on apartment living, which serves as the core residential product. These units currently average ₹42,000 per sq ft, having experienced a growth of 5.67% over the recent period. This segment caters to a wide range of buyers looking for established residential spaces in a prime city location.
The market presents a balanced supply of properties across different development stages, catering to varied buyer timelines. Ready-to-move inventory is the most abundant with 37 units available at an average of ₹32,550 per sq ft. Meanwhile, 8 under-construction projects are priced at ₹35,250 per sq ft, and 6 new launches are available at ₹29,950 per sq ft, providing flexibility for those prioritizing possession timing.
Project & Developer Insights
Top Residential Projects and Developers in Bhuleshwar
Top Projectsin Bhuleshwar
Godrej Trilogy is the top project in Bhuleshwar with prices from ₹ 18.89 Cr to 29.96 Cr.
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
Lodha Sea Face
Price On Request
Mumbai South, Mumbai
Prestige Ocean Towers
₹ 31.35 Cr - ₹ 62.7 Cr
Mumbai South, Mumbai
Godrej Carmichael
₹ 87.92 Cr - ₹ 87.92 Cr
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Dosti Group leads in Mumbai with 30 projects and 39 years of experience.
Premium residential developments define the high-value segment in Bhuleshwar, with projects like Aasma Necklace View leading at ₹96,450 per sq ft. Shreepati Aradhana follows with a strong price point of ₹50,800 per sq ft, showing a notable growth of 16.44%. Other significant projects such as Rohan Lifescapes Kshitij and Kshitij Heights are both priced at ₹50,600 per sq ft, reflecting the area's aspirational appeal.
Rapid Construction stands out as a key player in the local development landscape, having successfully completed 1 registered transaction. Their involvement underscores the ongoing activity of developers in navigating the Bhuleshwar residential market.
Government Registrations
Government Registration in Bhuleshwar, Mumbai
Government registration data confirms a productive market phase with 224 transactions recorded between Nov 25 and Oct 26. These deals reached a gross value of ₹219 Cr, with an average registered rate of ₹23,250 per sq ft. This volume of activity highlights the consistent interest in Bhuleshwar's residential inventory among serious buyers.
Sales Transactions224
Gross Sales Value₹ 219 Cr
Registered Rate₹ 23,250/Sq.Ft
Recent Registered Transactions
Recent Registered Transactions in Bhuleshwar
Recent market data shows 224 registered transactions in Bhuleshwar, totaling a gross value of ₹219 Cr. These figures reflect a stable and active period for local property sales.
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-08-03
Floor 35, Unit 3507
N/A
620 Sq.Ft.
2026-07-31
Floor 19, Unit 1902
N/A
440 Sq.Ft.
2026-06-27
Floor 4, Unit 401
N/A
276 Sq.Ft.
2026-06-17
Floor 4, Unit 401
N/A
840 Sq.Ft.
2026-06-16
Floor 6, Unit 601
N/A
331 Sq.Ft.
2026-06-11
Floor 33, Unit 3304
N/A
717 Sq.Ft.
2026-06-11
Floor 16, Unit 1651
N/A
460 Sq.Ft.
2026-06-11
Floor 33, Unit 3303
N/A
735 Sq.Ft.
2026-06-11
Floor 7, Unit 704
N/A
384 Sq.Ft.
2026-06-11
Floor 15, Unit 1553
B
420 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Bhuleshwar, Mumbai
The rental market in Bhuleshwar is anchored by 2 BHK apartments, which command an average monthly rent of ₹78,350. This unit type serves as a primary option for residential tenants seeking well-located living spaces in the city. Rental rates vary across the vicinity, with Gamdevi leading at ₹250 per sq ft and a significant 37.5% growth. Marine Drive and Marine Lines both maintain steady rates of ₹200 per sq ft, while Nagpada has seen a sharp 19.1% increase to reach ₹200 per sq ft. Other areas like Mazgaon remain more accessible at ₹100 per sq ft.
The rental market in Bhuleshwar is anchored by 2 BHK apartments, which command an average monthly rent of ₹78,350. This unit type serves as a primary option for residential tenants seeking well-located living spaces in the city.
Rental rates vary across the vicinity, with Gamdevi leading at ₹250 per sq ft and a significant 37.5% growth. Marine Drive and Marine Lines both maintain steady rates of ₹200 per sq ft, while Nagpada has seen a sharp 19.1% increase to reach ₹200 per sq ft. Other areas like Mazgaon remain more accessible at ₹100 per sq ft.
Frequently Asked Questions About Property Rates in Bhuleshwar, Mumbai
What is the current average asking price in Bhuleshwar as of Sep 2026?
As of Sep 2026, the average asking price for apartments in Bhuleshwar stands at ₹42,000 per sq ft. This rate has appreciated by 5.67% compared to the previous period, reflecting a positive trend in the locality's residential market valuation.
How do property rates in Bhuleshwar compare to the Government Registration Rate?
The average asking price in Bhuleshwar is significantly higher than the Government Registration Rate of ₹23,250 per sq ft. This registration rate, based on 224 transactions recorded between Nov 2025 and Oct 2026, provides a baseline for official property valuations, while the higher market asking price reflects the premium commanded by residential projects in this area.
How have property rates in Bhuleshwar trended over recent quarters?
Property rates in Bhuleshwar showed a downward shift in the most recent quarterly data, with the micromarket rate moving from ₹46,350 per sq ft in Mar 2026 to ₹40,300 per sq ft by Jun 2026. This trajectory indicates a market correction during the first half of 2026, which may offer a more competitive entry point for prospective buyers compared to the price levels observed in early 2026.
What is the price difference between Ready To Move and Under Construction projects in Bhuleshwar?
As of Sep 2026, Under Construction projects in Bhuleshwar command a higher average price of ₹35,250 per sq ft compared to Ready To Move projects, which average ₹32,550 per sq ft. Ready To Move units have seen a depreciation of 9.83% over the observed period, while Under Construction units experienced a more moderate depreciation of 2.46%, suggesting that buyers are currently finding more value in established, move-in-ready inventory.
Which projects in Bhuleshwar currently have the highest listing rates?
Aasma Necklace View leads the market in Bhuleshwar with a listing rate of ₹96,450 per sq ft, despite a 2.26% depreciation. Other premium projects include Shreepati Aradhana at ₹50,800 per sq ft, which has appreciated by 16.44%, and Rohan Lifescapes Kshitij at ₹50,600 per sq ft, which saw a 1.1% depreciation. These rates reflect the diverse positioning of luxury and mid-segment projects within the locality as of Sep 2026.
What is the typical rental rate for a 2 BHK apartment in Bhuleshwar?
As of Sep 2026, a 2 BHK apartment in Bhuleshwar commands an average monthly rent of ₹78,350. This figure provides a clear benchmark for tenants looking for residential space in the area and serves as a key indicator for investors evaluating the potential monthly income from their property assets.
How do rental rates vary across neighbourhoods near Bhuleshwar?
Rental rates in the vicinity of Bhuleshwar vary significantly, with Gamdevi commanding the highest rate at ₹250 per sq ft, having appreciated by 37.5% recently. In contrast, areas like Marine Drive and Grant Road maintain a rental rate of ₹200 per sq ft, showing appreciation of 0.45% and 2.2% respectively. Meanwhile, more affordable options are available in Mazgaon at ₹100 per sq ft, which has remained stable, and Girgaon at ₹150 per sq ft, which saw a depreciation of 4.46%.
How should a buyer interpret the price trends in Bhuleshwar?
A buyer should view the current price trends in Bhuleshwar as a period of market adjustment. With the average apartment price at ₹42,000 per sq ft as of Sep 2026 and specific segments like Ready To Move projects showing a depreciation of 9.83%, the market currently offers potential opportunities for end-users to negotiate better deals. It is advisable to compare these rates against the Government Registration Rate of ₹23,250 per sq ft to understand the premium being paid over the base valuation.
