Property Rates in Girgaon, Mumbai 2026

Property prices in Girgaon have shown a downward trajectory in the most recent quarter, with the micromarket rate moving from ₹46,350 per sq ft in March 2026 to ₹40,300 per sq ft as of June 2026. This shift indicates a cooling in the asking price, which may offer a more favorable entry point for prospective homebuyers compared to the stability observed between December 2025 and March 2026.

Property rates vary significantly across neighbourhoods near Girgaon. As of June 2026, Altamount Road commands a premium at ₹1.35 Lakh per sq ft (having appreciated by 3.31% since the previous reporting period), while areas like Nagpada are more accessible at ₹35,050 per sq ft (which has seen a marginal depreciation of 0.18%). Other notable rates include Tardeo at ₹89,400 per sq ft (up 20.86%) and Grant Road at ₹49,700 per sq ft (depreciated by 10.77%).

As of June 2026, ready-to-move properties in Girgaon are priced at an average of ₹40,000 per sq ft, which has depreciated by 4.32% compared to the previous period. In contrast, under-construction projects are currently priced at ₹43,250 per sq ft, showing an appreciation of 8.27% over the same timeframe. This pricing gap suggests that buyers are currently placing a premium on new development projects relative to older, ready-to-move inventory.

The average rental rate in Girgaon is ₹150 per sq ft as of June 2026, which has experienced a depreciation of 4.46% compared to the prior period. For investors, monitoring these rental trends alongside the sale asking prices is crucial for calculating potential rental yields and assessing the income-generating capacity of residential assets in this prime South Mumbai market.

As of June 2026, the rental market in Girgaon offers varied options for tenants: 1 BHK apartments average ₹52,550 per month, 2 BHK units average ₹1.21 Lakh per month, and 3 BHK units command an average of ₹2.43 Lakh per month. These figures provide a clear benchmark for tenants and landlords, reflecting the premium nature of the locality and the diverse housing needs within the area.

The top premium rental projects in Girgaon, such as Unity House Girgaon and Bhagya Laxmi Apartment Giragaon, currently command a rental rate of ₹200 per sq ft as of June 2026, with rates remaining stable at 0% change. Other notable projects include Purav Heights at ₹181 per sq ft and Bhagwan Arab Building at ₹178 per sq ft. The project 232 Dhuleva stands out with a significant rental appreciation of 43.52%, currently priced at ₹155 per sq ft.

The Government Registration Rate in Girgaon is ₹25,900 per sq ft, based on data from October 2025 to September 2026. This serves as a vital reference point for buyers, as it is significantly lower than the current average market asking price of ₹40,300 per sq ft. Investors should note this difference as it impacts total acquisition costs, including stamp duty and registration fees.

Raj Developers leads the market in Girgaon with 5 recorded transactions, making them the most active developer in the area as of June 2026. Other developers contributing to the local market activity include Lakadawala Developers, Sanghvi Group, Parth Constructions, and Shagun Construction, each with 1 recorded transaction. This concentration of activity highlights the primary players shaping the current residential landscape.

Buyers should interpret the recent price movement in Girgaon—where the micromarket rate shifted from ₹46,350 per sq ft in March 2026 to ₹40,300 per sq ft in June 2026—as a signal to monitor supply and demand dynamics closely. While the price has trended downward, comparing this against the specific status of projects, such as the 8.27% appreciation in under-construction units, helps in identifying whether to target new launches or established properties based on long-term investment goals.