Navi Mumbai
Nerul presents a sophisticated real estate landscape characterized by high-value residential projects and a robust rental market. Current asking prices are supported by strong demand for ready-to-move properties, which have seen notable price appreciation. The rental sector remains active, with a healthy yield and a variety of unit types serving different budget segments. Meanwhile, developers continue to focus on quality, with several premium projects setting new benchmarks for the locality.
As of June 2026, the average asking price in Nerul is ₹32,300 per sq ft. This figure reflects a stable market environment, having appreciated by 0.23% compared to the previous period. This marginal growth indicates resilient demand for residential properties in the locality, supported by a healthy listing count of 116 units.
Property prices in Nerul have shown a fluctuating trajectory from September 2025 to June 2026. After reaching a peak of ₹32,300 per sq ft in March 2026, the location rate adjusted to ₹30,000 per sq ft by June 2026. Investors and buyers should note that while the market saw significant growth from September 2025 (₹29,350 per sq ft) to March 2026, the recent quarter reflects a necessary price correction, providing a more balanced entry point for prospective homeowners.
Property prices across neighbourhoods in Nerul vary significantly based on location and demand. As of June 2026, Sector 29 Nerul commands a premium with an average asking price of ₹32,800 per sq ft, having appreciated by 7.89% over the observed period. In contrast, areas like Nerul Sector 17 and Nerul Sector 24 maintain more accessible price points at ₹22,950 per sq ft and ₹22,850 per sq ft respectively, both showing stable pricing with no change in the recent period.
As of June 2026, Under Construction properties in Nerul are priced at an average of ₹26,800 per sq ft, which has appreciated by 10.92% compared to the previous period. Ready To Move properties, which account for the majority of the supply with 341 units, are currently priced at ₹25,300 per sq ft, reflecting a strong appreciation of 19.09% over the same timeframe. This trend suggests that buyers are willing to pay a premium for the security and immediate availability of completed projects.
The average rental rate in Nerul is ₹64 per sq ft as of June 2026, which has seen a depreciation of 16.88% compared to the previous period. The current rental yield stands at 2.38%, a key metric for investors to evaluate the income potential of their residential assets relative to the capital investment required for property acquisition in the locality.
Rental rates in Nerul vary significantly by unit size as of June 2026. A 1 BHK apartment typically rents for ₹36,000 per month, while a 2 BHK unit averages ₹66,000 per month. For larger requirements, 3 BHK apartments command an average of ₹92,100 per month, and 4 BHK units are available at approximately ₹1.65 Lakh per month. These figures help tenants and landlords align their expectations with the current market supply and demand dynamics.
As of June 2026, DDSR Swapnpoorti CHS leads the rental market in Nerul with a current rate of ₹110 per sq ft, showing stable pricing with no change. Other premium rental projects include Twist Land Apartment at ₹87 per sq ft and Sneh CHS at ₹84 per sq ft. These projects consistently attract higher rents due to their specific location advantages and building amenities, making them notable benchmarks for rental income potential in the area.
The Government Registration Rate in Nerul is currently ₹18,450 per sq ft as of June 2026. This is significantly lower than the average market asking price of ₹32,300 per sq ft. Buyers should be aware that the registration rate serves as a baseline for stamp duty and registration fee calculations, and the gap between this rate and the market price reflects the premium value commanded by residential properties in this locality.
As of June 2026, apartments in Nerul command an average rental rate of ₹50 per sq ft, which has appreciated by 12.5% compared to the previous period. In contrast, commercial properties such as shops and office spaces are currently renting at a higher average of ₹100 per sq ft. While office space rentals have remained relatively stable with a minor appreciation of 0.85%, shop rentals have experienced a depreciation of 25.93% over the same period.
Beverly Park is currently the top project in Nerul by listing rate, priced at ₹35,300 per sq ft as of June 2026, with stable pricing. Other high-value projects include Moreshwar 19 East at ₹34,250 per sq ft, which has seen a depreciation of 3.04%, and Tulsi Sagar at ₹33,950 per sq ft, which has appreciated by 3.05%. These projects represent the premium segment of the Nerul residential market, often preferred by buyers looking for established infrastructure and high-quality construction.
