Mumbai
The Girgaon real estate market exhibits strong growth, with current average asking prices at ₹1.16 Lakh per sq ft and a notable 49.22% annual change for apartments. Residential activity remains consistent across various development stages, while the rental sector shows healthy performance with a 12.14% increase in rates. Government registration data confirms substantial transaction volumes, with 248 units registered between August 2025 and July 2026, totaling a gross value of ₹413 Cr. Developers like Shreepati Group are actively shaping the local landscape, balancing new project launches with a high volume of ready-to-move inventory.
As of June 2026, the average asking price in Girgaon is ₹1.16 Lakh per sq ft. This figure reflects a significant appreciation of 49.22% compared to previous periods, indicating strong demand and a robust real estate market within this South Mumbai locality.
The average asking price in Girgaon currently stands at ₹1.16 Lakh per sq ft, which is notably higher than the Government Registration Rate of ₹24,850 per sq ft recorded for the period between August 2025 and July 2026. This variance is common in premium urban markets where market-driven valuations often exceed government-mandated benchmarks for transaction registration.
The average rental rate in Girgaon is ₹157 per sq ft as of June 2026, marking an appreciation of 12.14% compared to the prior period. The locality currently offers a rental yield of 1.63%, which provides investors with a clear metric to evaluate the income potential of their residential assets relative to the high capital values in the area.
As of June 2026, rental rates in Girgaon are segmented by unit size to cater to different tenant profiles. A 1 BHK apartment commands an average rent of ₹52,550 per month, while a 2 BHK unit averages ₹1.19 Lakh per month. For larger requirements, a 3 BHK apartment in Girgaon averages ₹2.86 Lakh per month, reflecting the premium nature of the housing stock in this part of Mumbai.
As of June 2026, premium projects such as Unity House Girgaon and Bhagya Laxmi Apartment Giragaon lead the market with rental rates of ₹200 per sq ft. Other notable projects like Purav Heights and Bhagwan Arab Building follow closely with rates of ₹181 per sq ft and ₹178 per sq ft, respectively. These projects command higher rents due to their specific location advantages and building quality within the Girgaon micromarket.
As of June 2026, property prices in Girgaon show variation based on development stage. Ready to move properties are priced at an average of ₹40,650 per sq ft, having appreciated by 10.91% over the observed period. In contrast, under construction projects are priced at ₹40,100 per sq ft, showing a more moderate appreciation of 3.7%, while new launch projects are available at ₹35,850 per sq ft, reflecting a 7.16% appreciation.
Shreepati Group leads the market in Girgaon with the highest number of transactions, followed by Nandivardhan Group and Anupam Properties. These developers have established a consistent presence in the locality, as evidenced by their transaction volumes, which serve as a key signal of buyer trust and project liquidity in the current market environment.
Property rates in the vicinity of Girgaon vary significantly based on the prestige of the specific address. For instance, Altamount Road commands a high average rate of ₹1.31 Lakh per sq ft, having appreciated by 38.64% as of June 2026. Conversely, areas like Nagpada and Kemps Corner show different price points at ₹35,100 per sq ft and ₹55,650 per sq ft respectively, with both areas experiencing depreciation in their average rates over the same period.
The price trajectory in Girgaon, which saw the location rate move from ₹44,550 per sq ft in September 2025 to ₹1.16 Lakh per sq ft by June 2026, signals a period of rapid value appreciation. This upward movement suggests strong investor confidence and a tightening supply of residential apartments, making it a market that has historically rewarded capital growth.
Transaction data for top projects like Nandivardhan Avisha and Gagangiri Tower helps buyers identify which buildings have high liquidity and active resale markets. For example, Nandivardhan Avisha recorded 2 transactions with a current rate of ₹39,350 per sq ft, while Gagangiri Tower also saw 2 transactions at ₹38,900 per sq ft. High transaction counts in these projects suggest they are preferred choices for buyers looking for established residential communities in Girgaon.
