Property Rates in Girgaon, Mumbai

As of Mar 2026, the average asking price in Girgaon stands at ₹1.16 Lakh per sq ft, while the Government Registration Rate is ₹23,891 per sq ft. This substantial difference suggests that market asking prices are considerably higher than the rates registered with the government, a common trend in high-demand urban areas.

Property rates in Girgaon have shown a dramatic upward trend. From ₹44,250 per sq ft in Jun 2025, the average location rate surged to ₹115,917 per sq ft by Mar 2026, marking a substantial increase over the quarters. This trajectory signals robust market growth and increasing property values within Girgaon over the past year.

Property prices vary significantly across micromarkets in Girgaon. As of Mar 2026, areas like Marine Lines command an average rate of ₹99,887 per sq ft, showing a notable appreciation of 71.21% from Dec 2025. In contrast, Kamathipura has a lower average rate of ₹31,051 per sq ft, having depreciated by 32.01% from Dec 2025 to Mar 2026. Other micromarkets like Charni Road and Gamdevi show stable or slightly appreciating rates.

As of Mar 2026, the average price for apartments in Girgaon is ₹1.16 Lakh per sq ft. This segment has experienced a significant appreciation of 49.22% compared to the previous period, reflecting strong demand for apartment living in the area.

Property prices in Girgaon vary by construction status. As of Mar 2026, 'Under Construction' properties are priced at an average of ₹38,657 per sq ft, showing a 14.07% appreciation. 'Ready To Move' properties are priced at ₹36,673 per sq ft with a 1.1% increase, while 'Well Occupied' properties are at ₹37,422 per sq ft, having seen a slight depreciation of 3.02%.

Nandivardhan Avisha in Thakurdwar has recorded the highest number of transactions with 3 units sold, maintaining a rate of ₹41,518 per sq ft. Following closely, Rohan Lifescapes Siddhant in Khetwadi and Ratan House in Opera House each saw 2 transactions. Rohan Lifescapes Siddhant's rate appreciated by 10.72% to ₹47,262 per sq ft.

Nandivardhan Avisha in Thakurdwar leads in property value with a total sale value of ₹3.73 Cr and a rate of ₹41,518 per sq ft. Deccan Vikas in Ambewadi follows with a sale value of ₹3.51 Cr at ₹29,967 per sq ft. Minerva Mansion in Khetwadi is also among the top, with a value of ₹3.24 Cr at ₹33,129 per sq ft.

Rohan Lifescapes leads in transaction volume in Girgaon with 4 transactions. Anupam Properties and Shreepati Group are tied for second with 2 transactions each. Suparshva Incorporation also recorded 2 transactions, indicating significant activity from these developers in the Girgaon market.

As of Mar 2026, the average rental rate in Girgaon is ₹157 per sq ft, with a rental yield of 1.63%. This yield indicates the annual return on investment based on rental income relative to property value, suggesting a moderate income generation potential for property owners in the area.

Rental rates in Girgaon show a clear progression with the number of bedrooms. A 1 BHK apartment averages ₹52,563 per month, while a 2 BHK apartment commands a higher average of ₹1.19 Lakh per month. For larger families or premium rentals, a 3 BHK apartment averages a substantial ₹2.86 Lakh per month, indicating increasing demand for larger living spaces.

Among the micromarkets in Girgaon, Marine Drive and Marine Lines show the highest average rental rates at ₹221 per sq ft and ₹218 per sq ft, respectively, as of Mar 2026. Grant Road follows with ₹182 per sq ft, and Gamdevi at ₹176 per sq ft. These areas likely command premium rents due to their prime locations and amenities.

Unity House Girgaon and Bhagya Laxmi Apartment Giragaon are among the top projects for rentals, both averaging ₹200 per sq ft. Purav Heights follows with ₹181 per sq ft, and Bhagwan Arab Building at ₹178 per sq ft. The project 232 Dhuleva has seen a significant 43.52% increase in its rental rate to ₹155 per sq ft.

As of Mar 2026, the average rental rate for apartments in Girgaon is ₹157 per sq ft. This figure has appreciated by 12.14% compared to the previous period, indicating a growing demand for rental apartments in the locality.