Property Rates in Girgaon, Mumbai

As of March 2026, the average asking price in Girgaon is ₹1.16 Lakh per sq ft, while the Government Registration Rate is ₹24,850 per sq ft. This substantial difference suggests that the market is experiencing a premium over the official registration values, a common trend in high-demand areas where market dynamics drive prices above government benchmarks.

Girgaon has seen a dramatic increase in property rates over the past year. From ₹44,250 per sq ft in June 2025, the average location rate rose to ₹77,700 per sq ft by December 2025, and further to ₹1.16 Lakh per sq ft as of March 2026. This upward trajectory, particularly the surge in the last quarter, indicates a rapidly appreciating market.

Property prices vary significantly across neighborhoods near Girgaon. Altamount Road commands the highest average rate at ₹1.31 Lakh per sq ft, appreciating by 38.64%. Marine Lines is priced at ₹99,900 per sq ft with a slight depreciation of -0.57%, while Gamdevi is at ₹84,050 per sq ft, showing a modest appreciation of 0.2%. In contrast, areas like Nagpada have seen a depreciation of -11.81% to ₹35,100 per sq ft, and Kemps Corner experienced a notable decrease of -31.13% to ₹55,650 per sq ft.

As of March 2026, the average price for apartments in Girgaon is ₹1.16 Lakh per sq ft. This segment has seen a substantial appreciation of 49.22%, reflecting strong demand and value growth for apartment living in the area.

In Girgaon, as of March 2026, 'Ready To Move' properties have an average price of ₹40,650 per sq ft, appreciating by 10.91%. 'Well Occupied' properties are priced slightly higher at ₹41,250 per sq ft with a 10.26% appreciation. 'Under Construction' properties are averaging ₹40,100 per sq ft, showing a 3.7% increase, while 'New Launch' projects are priced at ₹35,850 per sq ft, with a 7.16% appreciation.

Nandivardhan Avisha and Gagangiri Tower in Girgaon have recorded the highest number of transactions, with 2 each. Nandivardhan Avisha's rate is ₹39,350 per sq ft, having depreciated by 18.40%, while Gagangiri Tower is priced at ₹38,900 per sq ft, showing a slight appreciation of 0.89%.

Shreepati Jewels Amethyst leads in transaction value in Girgaon, with a current rate of ₹50,750 per sq ft and an appreciation of 10.61%. It is followed by Shreepati Jewels Ruby at the same rate but with no change percentage recorded. Aaditya Enclave is third, priced at ₹50,500 per sq ft with a 2.19% appreciation.

Among projects with the highest listing rates in Girgaon, New Shreeniketan Building is listed at ₹72,750 per sq ft. Sumer Grande follows at ₹71,300 per sq ft, showing a 2.58% increase, and Hubtown Realms is priced at ₹71,200 per sq ft, up by 2.45%. These premium listings suggest a segment of high-value properties within the locality.

Shreepati Group leads in transaction volume in Girgaon with 3 transactions. Nandivardhan Group and Anupam Properties follow with 2 transactions each, indicating their significant presence and activity in the Girgaon market.

The average rental rate in Girgaon is ₹157 per sq ft as of March 2026, showing an appreciation of 12.14%. The rental yield stands at 1.63%, which suggests that while rental income is available, it represents a modest return relative to property values, potentially indicating a market more focused on capital appreciation.

In Girgaon, rental rates differ significantly by BHK configuration. A 1 BHK apartment typically rents for ₹52,550 per month. For a 2 BHK, the average rent increases to ₹1.19 Lakh per month, and a 3 BHK commands a higher average rent of ₹2.86 Lakh per month, reflecting the demand for larger spaces.

Micromarkets such as Marine Drive, Gamdevi, Grant Road, and Marine Lines all show the highest average rental rates at ₹200 per sq ft, with no recorded change. Areas like Girgaum Chowpatty and Babulnath are slightly lower at ₹150 per sq ft, with Girgaum Chowpatty showing a 1.75% increase in rental rates.

Unity House Girgaon and Bhagya Laxmi Apartment Giragaon are among the top rental projects, both listed at ₹200 per sq ft. Purav Heights and Bhagwan Arab Building also offer high rental rates at ₹181 per sq ft and ₹178 per sq ft respectively. Notably, 232 Dhuleva has seen a significant appreciation in its rental rate, increasing by 43.52% to ₹155 per sq ft.

The average rental rate for apartments in Girgaon is ₹150 per sq ft as of March 2026, having appreciated by 12.14%. This indicates a growing demand for rental apartments within the locality.