Property rates in Girgaon average ₹1.16 Lakh per sq ft, reflecting a significant upward trend in the local real estate market. The area boasts a robust rental landscape with an average yield of 1.63%, supported by a high concentration of ready-to-move projects. Investors find value in established developments like New Shreeniketan Building, while the diverse supply of apartment units caters to consistent demand from both prospective homeowners and tenants seeking premium South Mumbai addresses.
Insights for Girgaon, Mumbai Real Estate Market Overview
Girgaon presents a highly dynamic real estate landscape characterized by premium pricing and sustained interest from both end-users and investors. The market is defined by a strong inventory of ready-to-move residential apartments, which currently command an average price of ₹41,800 per sq ft. Rental activity is equally vibrant, with an average rental rate of ₹157 per sq ft and a healthy yield of 1.63% that attracts steady capital appreciation. Recent government registration data highlights consistent transaction velocity, with 215 registrations totaling ₹378 Cr, underscoring the area's reputation as a stable investment hub in South Mumbai.
Ready-to-move residential projects dominate the supply with 148 units, providing ample options for immediate occupancy.
Rental rates for 3 BHK apartments reach ₹2.43 Lakh per month, reflecting the premium nature of the housing stock.
New launch projects show significant growth, with average prices currently at ₹46,700 per sq ft.
Top developers like Raj Developers are actively shaping the local landscape with multiple registered transactions.
The area maintains high rental appeal, particularly in premium pockets like Babulnath and Gamdevi, where rates reach ₹250 per sq ft.
Market Strengths
Strong rental market with an average rate of ₹157 per sq ft across the locality.
High volume of ready-to-move inventory providing immediate possession options for buyers.
Significant 49.22% growth in average apartment prices indicating strong asset value appreciation.
Robust transaction activity with 215 total registrations valued at ₹378 Cr.
Diverse rental options ranging from ₹52,550 for 1 BHK to ₹2.43 Lakh for 3 BHK units.
Appreciating new launch segment with a 39.6% increase in average rates.
Market Challenges
Navigate the price volatility in certain micromarkets like Kemps Corner, which saw a -31.13% change in rates.
Manage higher entry costs in premium pockets like Altamount Road where rates reach ₹1.31 Lakh per sq ft.
Account for the -15.37% correction in Walkeshwar property rates when planning long-term investments.
Monitor the -55.79% change in individual project rates like 232 Dhuleva when evaluating specific asset performance.
Investment Opportunities
Capitalize on a 1.63% rental yield by investing in ready-to-move apartment units.
Target 3 BHK residential segments for high-value rental income, currently averaging ₹2.43 Lakh per month.
Explore New Launch projects currently priced at ₹46,700 per sq ft, which have shown 39.6% appreciation.
Leverage the steady demand for ready-to-move units, which currently account for 148 available listings.
Top Localities in Girgaon, Mumbai
Charni Road
Avg Price₹ 81,650 /Sq.Ft.
LISTINGS
2
Price Trend
Girgaon, Mumbai Property Price Trends and Appreciation
Real estate values across Girgaon and its neighboring vicinities vary significantly based on prestige and connectivity. Altamount Road stands at a premium with rates reaching ₹1.31 Lakh per sq ft, while Marine Lines hovers around ₹99,900 per sq ft. Malabar Hill and Walkeshwar maintain high-value positions at ₹95,700 and ₹95,000 per sq ft respectively. Meanwhile, more accessible options can be found in areas like Grant Road and Kemps Corner, which are priced at ₹55,700 and ₹55,650 per sq ft.
Girgaon's real estate market is primarily defined by its high-end apartment segment, which averages ₹1.16 Lakh per sq ft. This category has seen a substantial appreciation of 49.22%, highlighting strong buyer appetite for quality residential assets in this prime location.
The market offers a balanced supply of residential options to suit different acquisition timelines. Ready To Move inventory, consisting of 148 units, is priced at ₹41,800 per sq ft with a 13.99% growth, while 22 Under Construction projects are available at ₹39,950 per sq ft. New launches are currently commanding ₹46,700 per sq ft, reflecting a 39.6% increase and indicating developer confidence in upcoming inventory.
Project & Developer Insights
Top Residential Projects and Developers in Girgaon
Top Projectsin Girgaon
LnT Island Cove is the top project in Girgaon with prices from ₹ 3.40 Cr to 6.34 Cr.
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
Lodha Sea Face
Price On Request
Mumbai South, Mumbai
Prestige Ocean Towers
₹ 26 Cr - ₹ 50.68 Cr
Mumbai South, Mumbai
Godrej Carmichael
₹ 87.92 Cr - ₹ 87.92 Cr
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Ruparel leads in Mumbai with 44 projects and 19 years of experience.
Premium residential projects in Girgaon serve as benchmarks for the local market, with many commanding high per-sq-ft rates. New Shreeniketan Building leads the listing segment at ₹72,750 per sq ft, followed closely by Sumer Grande and Hubtown Realms at ₹71,200 per sq ft. Rohan Lifescapes Arihant and Unity House Girgaon also maintain strong positions at ₹70,350 and ₹68,200 per sq ft respectively, offering high-value options for discerning buyers.
Top projects for renters in Girgaon include Unity House Girgaon and Bhagya Laxmi Apartment, both commanding ₹200 per sq ft. Other notable developments like Purav Heights and Bhagwan Arab Building offer rental rates of ₹181 and ₹178 per sq ft, respectively, while 232 Dhuleva has seen a notable 43.52% increase in its rental performance.
The development landscape in Girgaon is driven by a mix of established builders who command significant market share. Raj Developers leads the pack with 5 registered transactions, while Lakadawala Developers, Sanghvi Group, Parth Constructions, and Shagun Construction each maintain a steady presence with active project completions.
Government Registrations
Government Registration in Girgaon, Mumbai
Official registration data for the period between September 2025 and August 2026 shows 215 transactions valued at ₹378 Cr. With registration rates averaging ₹23,900 per sq ft, the market demonstrates consistent buyer engagement. Raj Developers continues to lead the activity with 5 registered transactions, solidifying their role as a key contributor to the locality's transaction volume.
Sales Transactions215
Gross Sales Value₹ 378 Cr
Registered Rate₹ 23,900/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Girgaon, Mumbai
Rental rates in Girgaon vary by configuration, with 1 BHK apartments averaging ₹52,550 per month. Larger 2 BHK units command an average of ₹1.23 Lakh per month, while 3 BHK apartments reach a premium of ₹2.43 Lakh per month. Rental rates are competitive across the micro-markets, with Babulnath and Gamdevi leading at ₹250 per sq ft. Grant Road, Marine Lines, and Tardeo maintain steady rates of ₹200 per sq ft, while Girgaum Chowpatty and Kamathipura offer options at ₹150 per sq ft. The apartment rental market in Girgaon remains the primary focus for tenants, with average rates standing at ₹150 per sq ft. This segment has seen a slight adjustment of -4.46% over the past year, offering a stable entry point for renters. Top projects for renters in Girgaon include Unity House Girgaon and Bhagya Laxmi Apartment, both commanding ₹200 per sq ft. Other notable developments like Purav Heights and Bhagwan Arab Building offer rental rates of ₹181 and ₹178 per sq ft, respectively, while 232 Dhuleva has seen a notable 43.52% increase in its rental performance.
Rental rates in Girgaon vary by configuration, with 1 BHK apartments averaging ₹52,550 per month. Larger 2 BHK units command an average of ₹1.23 Lakh per month, while 3 BHK apartments reach a premium of ₹2.43 Lakh per month.
Rental rates are competitive across the micro-markets, with Babulnath and Gamdevi leading at ₹250 per sq ft. Grant Road, Marine Lines, and Tardeo maintain steady rates of ₹200 per sq ft, while Girgaum Chowpatty and Kamathipura offer options at ₹150 per sq ft.
The apartment rental market in Girgaon remains the primary focus for tenants, with average rates standing at ₹150 per sq ft. This segment has seen a slight adjustment of -4.46% over the past year, offering a stable entry point for renters.
Frequently Asked Questions About Property Rates in Girgaon, Mumbai
What is the average asking price in Girgaon as of June 2026?
As of June 2026, the average asking price in Girgaon stands at ₹1.16 Lakh per sq ft. This figure reflects a significant market appreciation of 49.22% compared to the previous period, indicating strong demand and premium positioning for residential apartments in this locality.
How do property rates in Girgaon compare to the Government Registration Rate?
The average asking price in Girgaon is ₹1.16 Lakh per sq ft, which is notably higher than the Government Registration Rate of ₹25,900 per sq ft. Buyers should note that the Government Registration Rate is used for stamp duty and registration purposes, while the market-driven asking price reflects current transaction trends and the premium nature of the area.
What does the recent price trend show for Girgaon?
The price trend in Girgaon has shown a shift over the last few quarters, with the micromarket rate moving from ₹46,200 per sq ft in September 2025 to ₹46,350 per sq ft in December 2025 and March 2026, before settling at ₹41,150 per sq ft as of June 2026. This recent adjustment suggests a period of market recalibration following a phase of relative price stability.
How does property status influence pricing in Girgaon?
Property status significantly impacts pricing in Girgaon, with New Launch projects currently commanding the highest average price at ₹46,700 per sq ft, which has appreciated by 39.6% compared to the previous period. In contrast, Ready To Move units are priced at ₹41,800 per sq ft, showing an appreciation of 13.99%, while Under Construction projects are available at ₹39,950 per sq ft, reflecting a 3.39% appreciation.
What is the average rental rate and rental yield in Girgaon?
As of June 2026, the average rental rate in Girgaon is ₹157 per sq ft, which has appreciated by 12.14% compared to the previous period. The locality offers a rental yield of 1.63%, a key metric for investors to evaluate the annual income potential of their property relative to the capital investment required for purchase.
What are the typical monthly rental rates for different BHK configurations in Girgaon?
Rental rates in Girgaon vary by configuration, with 1 BHK apartments averaging ₹52,550 per month, 2 BHK apartments averaging ₹1.23 Lakh per month, and 3 BHK apartments reaching an average of ₹2.43 Lakh per month as of June 2026. These figures help prospective tenants and landlords understand the entry-level costs and income potential across different unit sizes in the locality.
Which projects in Girgaon command the highest rental rates?
As of June 2026, premium rental projects in Girgaon include Unity House Girgaon and Bhagya Laxmi Apartment Giragaon, both commanding ₹200 per sq ft. Other notable projects include Purav Heights at ₹181 per sq ft and Bhagwan Arab Building at ₹178 per sq ft, reflecting the high demand for well-located residential spaces in the area.
How do rental rates vary across neighbourhoods near Girgaon?
Rental rates in the vicinity of Girgaon show significant variation, with Babulnath, Gamdevi, and Kemps Corner commanding the highest rates at ₹250 per sq ft as of June 2026. Conversely, areas like Dalal Estate, Kamathipura, and Girgaum Chowpatty offer more accessible rental options at ₹150 per sq ft, highlighting the diverse rental landscape within this part of South Mumbai.
Which developers are most active in Girgaon based on transaction volume?
Raj Developers leads the activity in Girgaon with 5 recorded transactions, making them the most prominent developer in the area. Other active developers include Lakadawala Developers, Sanghvi Group, Parth Constructions, and Shagun Construction, each contributing to the local residential market activity.
How should a buyer interpret the property rates data for Girgaon?
Buyers should use the property rates data for Girgaon to compare the current average asking price of ₹1.16 Lakh per sq ft against specific project listing rates and the Government Registration Rate of ₹25,900 per sq ft. By analyzing the price differences between Ready To Move units at ₹41,800 per sq ft and New Launch projects at ₹46,700 per sq ft, investors can better align their budget with their desired property status and risk appetite.
