Property Rates in Girgaon, Mumbai 2026

As of March 2026, the average asking price in Girgaon stands at ₹1.16 Lakh per sq ft, whereas the Government Registration Rate is ₹24,850 per sq ft. This variance between the market-driven asking price and the government-notified rate is common in premium urban pockets, reflecting the difference between official valuation benchmarks and current buyer-seller transaction dynamics.

Property rates in Girgaon have shown a distinct upward trajectory in recent quarters. As of March 2026, the location rate reached ₹1,15,900 per sq ft, rising from ₹77,700 per sq ft in December 2025, and significantly higher than the ₹44,550 per sq ft recorded in September 2025. This consistent quarter-over-quarter growth signals a highly resilient and appreciating real estate market.

The rental yield in Girgaon is currently 1.63% as of March 2026. While this yield reflects the annual rental income relative to the property's capital value, investors should note that in high-value, prime locations like Girgaon, capital appreciation often remains a primary driver for investment, complementing the rental income generated from the average rental rate of ₹157 per sq ft.

As of March 2026, rental rates in Girgaon vary by configuration, with 1 BHK apartments averaging ₹52,550 per month, 2 BHK units at ₹1.19 Lakh per month, and 3 BHK units reaching ₹2.86 Lakh per month. These figures provide a clear benchmark for tenants and landlords, reflecting the premium nature of the area and the specific demand for varied living spaces.

As of March 2026, projects such as Unity House Girgaon, Bhagya Laxmi Apartment Giragaon, and Purav Heights are among the top-tier rental properties in the area. Unity House Girgaon and Bhagya Laxmi Apartment Giragaon both command a rental rate of ₹200 per sq ft, while Purav Heights follows closely at ₹181 per sq ft. These rates are stable, with the exception of 232 Dhuleva, which has seen its rental rate appreciate by 43.52% to ₹155 per sq ft.

Property rates in Girgaon vary by development stage as of March 2026. Ready To Move projects are priced at ₹40,650 per sq ft, having appreciated by 10.91% over the comparison period, while Under Construction projects are priced at ₹40,100 per sq ft, showing a more modest appreciation of 3.7%. This indicates that buyers are currently placing a premium on immediate possession, though both segments are experiencing positive price growth.

Property rates in the vicinity of Girgaon show significant variation as of March 2026. Altamount Road commands a premium at ₹1.31 Lakh per sq ft (which has appreciated by 38.64%), while Marine Lines stands at ₹99,900 per sq ft (depreciating by 0.57%). Other nearby areas like Gamdevi are priced at ₹84,050 per sq ft (up 0.2%), and Grant Road is at ₹55,700 per sq ft (up 16.55%), illustrating the diverse pricing landscape within this part of Mumbai.

Shreepati Group leads the market in terms of transaction frequency in Girgaon, recording 3 transactions as of March 2026. They are followed by Nandivardhan Group and Anupam Properties, each with 2 transactions. This activity level highlights these developers as key players in the local residential market, reflecting buyer preference for their projects.

Transaction data for top projects in Girgaon helps identify market liquidity and project desirability. For instance, Nandivardhan Avisha and Gagangiri Tower both recorded 2 transactions as of March 2026, with Nandivardhan Avisha priced at ₹39,350 per sq ft (depreciating by 18.40% over the period) and Gagangiri Tower at ₹38,900 per sq ft (appreciating by 0.89%). Buyers should look at both the transaction volume and the price trend to gauge whether a project offers stable value or is undergoing a market correction.