Property Rates in Mazgaon, Mumbai 2026

The average asking price in Mazgaon is currently ₹40,200 per sq ft, which sits notably higher than the Government Registration Rate of ₹23,800 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common characteristic in prime residential areas, reflecting the premium value placed on property amenities, project quality, and location advantages.

Property prices in Mazgaon have shown a dynamic trajectory, with the location rate recorded at ₹44,300 per sq ft in June 2026, up from ₹40,200 per sq ft in March 2026. This upward movement across the recent quarters indicates a resilient market where property values are actively adjusting to buyer demand and limited supply in the South Mumbai region.

As of June 2026, property prices in Mazgaon vary significantly based on the project's completion stage. Ready To Move properties are priced at an average of ₹32,700 per sq ft, having depreciated by 1.14% compared to the prior period, while Under Construction projects command an average of ₹34,750 per sq ft, showing an appreciation of 1.21%. Meanwhile, Partially Ready To Move projects are currently the most premium segment at ₹48,650 per sq ft, having appreciated by 4.62%.

The premium segment in Mazgaon is led by projects like The Aga Hall Estate, which is listed at ₹55,850 per sq ft, showing a significant appreciation of 29.22%. Other notable high-value projects include Hemali Casa Emerald at ₹49,700 per sq ft (up 55.73%) and Kapil Bayview at ₹48,650 per sq ft, which has appreciated by 4.62% as of June 2026.

As of June 2026, the average rental rate in Mazgaon is ₹117 per sq ft, which has appreciated by 5.41% over the observed period. The locality currently offers a rental yield of 3.49%, providing a stable income stream for investors relative to the capital investment required for residential apartments in this area.

Rental rates in Mazgaon vary by unit size, catering to different tenant profiles. As of June 2026, a 1 BHK apartment typically rents for ₹49,950 per month, a 2 BHK for ₹74,300 per month, and a 3 BHK for approximately ₹1.37 Lakh per month. These rates provide a clear benchmark for tenants and landlords looking to understand the monthly cost of living in the locality.

As of June 2026, Sarkar Tower leads the rental market in Mazgaon with a rate of ₹160 per sq ft, followed closely by Infinity Apartments at ₹156 per sq ft and Shreepati Coronet at ₹135 per sq ft. These projects command premium rents due to their specific location advantages and building quality within the South Mumbai micromarket.

Rental rates in the vicinity of Mazgaon show significant variation, with areas like Arthur Rd commanding a premium at ₹250 per sq ft, while Chinchpokli offers more accessible options at ₹100 per sq ft as of June 2026. Other nearby hubs like Agripada and Nagpada are currently priced at ₹200 per sq ft, reflecting the diverse rental landscape across South Mumbai.

Investors should view the Mazgaon property data as a signal of a maturing, high-value market. With a rental yield of 3.49% and consistent appreciation in both sale and rental segments as of June 2026, the area is suitable for long-term capital appreciation seekers. Comparing the current asking price of ₹40,200 per sq ft against the Government Registration Rate of ₹23,800 per sq ft helps investors gauge the premium they are paying for market-driven value versus base regulatory valuations.