Property Rates in Mazgaon, Mumbai

Mazgaon, a prominent location in Mumbai, presents a dynamic real estate landscape for both homebuyers and investors. The current asking price stands at ₹40,112 per sq ft, while the government-registered rate is ₹25,210 per sq ft, indicating a premium in listed properties. Analyzing quarterly price trends, Mazgaon saw its average rate fluctuate from ₹44,209 per sq ft in March 2025 to ₹41,144 in September 2025, before settling at ₹39,001 per sq ft by December 2025, suggesting a period of price adjustments. Neighboring areas offer varied pricing, with Dalal Estate commanding the highest at ₹46,004 per sq ft, while Masjid Bunder offers more affordable options at ₹27,576 per sq ft. Apartments are the dominant property type, with an average price of ₹40,112 per sq ft, reflecting a 2.85% increase. The market caters to diverse needs, with 58 Ready To Move units available at an average of ₹33,066 per sq ft, despite an 8.53% dip, alongside 13 Under Construction projects at ₹34,349 per sq ft. Top projects by listing rates, such as Atul Wallace Fortuna and Sarkar Residency, command premium prices at ₹51,875 and ₹47,812 per sq ft respectively, showcasing high-value offerings. Transaction data for April 2025 to March 2026 reveals a robust 294 property registrations, totaling ₹353 Cr, with an average registered rate of ₹25,200 per sq ft. The Aga Hall Estate leads in transaction volume and value, indicating strong buyer confidence. Developers like Prince Aly Khan Hospital and Sumer are instrumental in shaping Mazgaon’s property market, demonstrating significant transaction activity.