Property Rates in Kalbadevi, Mumbai 2026

Property prices in Kalbadevi, Mumbai have shown a mixed trend. The micromarket rate was ₹46,372 per sq ft in Mar 2026, up from ₹29,645 per sq ft in Dec 2025, indicating a significant appreciation. Prior to this, in Sep 2025, the micromarket rate was ₹28,223 per sq ft, and in Jun 2025, it was ₹28,731 per sq ft. This shows a substantial increase in the micromarket rate from Sep 2025 to Mar 2026, suggesting a growing demand or supply constraint in the latter part of the period.

As of Mar 2026, the average asking price in Kalbadevi is ₹0 per sq ft. However, surrounding micromarkets show varied price points. For instance, Marine Lines has an average rate of ₹99,887 per sq ft, appreciating by 71.21% from the previous period. Girgaon stands at ₹1.16 Lakh per sq ft, with a significant appreciation of 160.3%. In contrast, Masjid Bunder is at ₹27,576 per sq ft with no change, and Mandvi is at ₹29,745 per sq ft, also showing no change. This indicates that while Kalbadevi's own asking price is not specified, nearby areas like Marine Lines and Girgaon command significantly higher property values.

As of Mar 2026, the average price for an apartment in Kalbadevi, Mumbai is ₹42,419 per sq ft. This represents an appreciation of 5.36% from the previous period, suggesting a positive trend in apartment values within the locality.

As of Mar 2026, property prices in Kalbadevi, Mumbai differ based on their status. 'Under Construction' properties are priced at ₹37,083 per sq ft, showing a depreciation of 13.34%. 'Well Occupied' properties are listed at ₹35,795 per sq ft, with a depreciation of 8.62%. 'Ready To Move' properties are available for ₹35,451 per sq ft, marking a depreciation of 7.41%. This indicates a downward trend across all property statuses in the recent period.

As of Mar 2026, Tawawala CHS in Lohar Chawl, Kalbadevi, leads in transaction volume with 2 transactions, and its current rate is ₹41,801 per sq ft, appreciating by 14.97%. Other projects like Mulji Jetha Building, Praman Heights, Shreepati Aradhana, and Rubberwala Shafi Castle have each recorded 1 transaction, with rates ranging from ₹41,233 to ₹41,694 per sq ft. This activity suggests sustained interest in these specific developments within Kalbadevi.

As of Mar 2026, Royal Avenue in Punges Wari, Kalbadevi, leads in property value with a sale value of ₹1.51 Cr and a rate of ₹41,168 per sq ft. Shreepati Aradhana follows with a value of ₹1.2 Cr at ₹41,343 per sq ft. Kartik Tower is also notable with a value of ₹98.5 Lakh at ₹41,061 per sq ft, having appreciated by 1.94%. These projects represent the higher end of the market in Kalbadevi by transaction value.

The Government Registration Rate in Kalbadevi, Mumbai is ₹19,682 per sq ft. This rate serves as a benchmark for official property valuations and can differ from market asking prices.

As of Mar 2026, Darshan Properties Mumbai, Shreepati Group, and Rubberwala Housing Infrastructure Ltd have each recorded 1 transaction in Kalbadevi. While the number of transactions is modest for each, their presence indicates ongoing development and sales activity by these developers in the area.

As of Mar 2026, rental rates vary significantly across micromarkets near Kalbadevi. Churchgate commands the highest average rent at ₹231 per sq ft, showing no change. Marine Drive follows with ₹221 per sq ft, also with no change, and Marine Lines is at ₹218 per sq ft, with no change. Grant Road has an average rent of ₹182 per sq ft. Girgaon shows a notable appreciation of 12.14%, with an average rent of ₹157 per sq ft, indicating increasing rental demand in that area.

As of Mar 2026, the provided data does not include specific rental yield figures for the micromarkets surrounding Kalbadevi, nor an overall average rental yield for Kalbadevi itself. However, the average rental rates in nearby areas like Churchgate (₹231 per sq ft) and Marine Drive (₹221 per sq ft) suggest a premium rental market, which could imply potential rental income for property owners in these vicinities.

The rental market activity in micromarkets near Kalbadevi, such as Churchgate (₹231 per sq ft) and Marine Drive (₹221 per sq ft), shows strong rental demand with stable rates as of Mar 2026. Girgaon, with an average rent of ₹157 per sq ft, has seen a 12.14% appreciation. This indicates a healthy rental market in the broader vicinity, which can positively influence rental prospects within Kalbadevi, although specific rental data for Kalbadevi is not detailed here.

As of Mar 2026, both 'Ready To Move' and 'Under Construction' properties in Kalbadevi have experienced price depreciation. 'Ready To Move' properties are priced at ₹35,451 per sq ft, down by 7.41%, while 'Under Construction' properties are at ₹37,083 per sq ft, down by 13.34%. This suggests a softening market sentiment for both categories, with a more pronounced decrease in prices for under-construction projects.

As of Mar 2026, the listing rates for projects in Kalbadevi show some fluctuations. Agarwal House Apartment and Ajmera Midtown are listed at ₹45,672 per sq ft, with Ajmera Midtown seeing a 3.86% decrease. Ostwal And Neumec Nikhil Heights is listed at ₹45,670 per sq ft, with a significant decrease of 28.81%. Other projects like Parekh House and Aradhana Building Apartment are listed around ₹36,000 per sq ft. This mixed trend, with some notable decreases, suggests potential opportunities for buyers looking at listed properties.