Property Rates in Byculla, Mumbai

Property prices in Byculla have shown a mixed trajectory from June 2025 to March 2026. The average asking price was ₹46,250 per sq ft in June 2025, moved to ₹46,800 in September 2025, dipped to ₹45,150 in December 2025, and currently stands at ₹44,050 per sq ft as of March 2026. This recent downward trend suggests a period of price consolidation in the local market.

As of March 2026, the average asking price in Byculla is ₹44,050 per sq ft, while the Government Registration Rate is significantly lower at ₹24,150 per sq ft. Buyers should note that the Government Registration Rate is used for stamp duty and registration purposes, and the gap between this and the market-driven asking price is common in premium residential hubs.

Among the areas surrounding Byculla, Mahalaxmi commands the highest average asking price at ₹60,600 per sq ft, despite a depreciation of 3.14% from June 2025 to March 2026. Conversely, Nagpada offers more accessible entry points with an average asking price of ₹35,100 per sq ft, though this area has seen a depreciation of 11.81% over the same period. Other notable areas include Lalbaug at ₹56,350 per sq ft, which has remained stable with 0% change, and Grant Road, which has seen significant appreciation of 16.55% to reach ₹55,700 per sq ft.

Property prices in Byculla vary based on the stage of development, reflecting different risk and value profiles as of March 2026. Ready To Move projects are priced at ₹33,400 per sq ft (depreciated by 0.25% from June 2025 to March 2026), while Under Construction projects are priced at ₹39,500 per sq ft (appreciated by 3.2% over the same period). Partially Ready To Move projects command a premium at ₹53,300 per sq ft, despite a depreciation of 3.93%, while New Launch projects are currently available at ₹29,350 per sq ft, having appreciated by 3.54%.

The average rental yield in Byculla is 4.85% as of March 2026, which provides a clear indicator of the potential income return on residential investments. Coupled with an average rental rate of ₹178 per sq ft—which has appreciated by 4.71% from June 2025 to March 2026—this yield suggests that Byculla remains a functional market for investors seeking a balance between capital appreciation and consistent rental income.

Rental rates in Byculla vary significantly by unit size as of March 2026. A 1 BHK apartment typically rents for ₹44,850 per month, while a 2 BHK unit averages ₹1.33 Lakh per month. For larger requirements, 3 BHK apartments command an average of ₹1.95 Lakh per month, and 4 BHK units reach approximately ₹2.24 Lakh per month. These figures help tenants and investors understand the entry-level costs and income potential for different property sizes in the locality.

As of March 2026, premium rental projects in Byculla include Piramal Aranya Wing B, which leads with a current rental rate of ₹231 per sq ft. Other top-tier projects include Piramal Aranya Ahan at ₹200 per sq ft and Piramal Aranya Arav at ₹195 per sq ft. The latter has seen an appreciation of 11.43% in its rental rate from June 2025 to March 2026, highlighting the strong demand for high-end, well-managed residential complexes in the area.

Peninsula Land leads the market in Byculla with 6 recorded transactions, making it the most active developer in the region as of March 2026. Other prominent developers with significant transaction activity include Vardhman Group, Gold Plaza Developers, MCB Developers, Piramal Realty, and Marathon, each recording 3 transactions. This high level of activity from established developers indicates a sustained interest from homebuyers in projects backed by reputable brands.

High transaction counts in projects like Peninsula Salsette 27 (6 transactions) and Marathon Monte South (3 transactions) as of March 2026 serve as a signal of market liquidity and buyer confidence. When evaluating these projects, buyers should look at the current asking price—such as ₹57,100 per sq ft for Peninsula Salsette 27—and compare it against the broader locality average of ₹44,050 per sq ft to understand the premium they are paying for specific amenities, brand value, or location advantages within Byculla.