Navi Mumbai
Nerul presents a sophisticated real estate market characterized by robust demand and varying price points across its diverse sectors. Property rates have seen consistent activity, with current asking prices reaching ₹32,300 per sq ft, while registration rates sit at ₹18,450 per sq ft. The rental market is equally active, providing a rental yield of 2.38% and attracting tenants seeking quality living spaces. Developers remain committed to the region, focusing on both ready-to-move projects and new launches to cater to a broad spectrum of buyer requirements.
As of June 2026, the average asking price in Nerul stands at ₹32,300 per sq ft. This figure reflects a marginal appreciation of 0.23% compared to the previous period, signaling a stable and resilient real estate market in this locality. For context, the Government Registration Rate in the area is currently ₹18,450 per sq ft, which serves as a baseline for property transactions.
Property prices in Nerul have shown a dynamic trajectory from September 2025 to June 2026. The location rate moved from ₹29,350 per sq ft in September 2025 to a peak of ₹32,300 per sq ft in March 2026, before adjusting to ₹30,000 per sq ft as of June 2026. This fluctuation suggests that while the market experienced a period of high growth, it is currently undergoing a phase of price consolidation.
As of June 2026, apartments in Nerul command an average price of ₹30,000 per sq ft, which has seen a depreciation of 7.03% compared to the prior period. Meanwhile, office spaces are priced at ₹27,500 per sq ft, reflecting a 5.36% depreciation, and villas are available at ₹24,100 per sq ft, showing a 5.07% depreciation over the same timeframe. These variations highlight that different asset classes in the locality are currently adjusting to shifting market demand.
As of June 2026, Ready To Move properties in Nerul are priced at an average of ₹25,300 per sq ft, having appreciated by 19.09% compared to the previous period. In contrast, Under Construction projects are currently averaging ₹26,800 per sq ft, which marks an appreciation of 10.92% over the same period. The higher price point for under-construction units often reflects the premium associated with modern amenities and newer building standards in the current market.
The average rental yield in Nerul is currently 2.38% as of June 2026. This yield represents the annual rental income an investor can expect relative to the property's purchase price, serving as a key indicator for those looking at long-term income potential. While the overall average rental rate is ₹64 per sq ft, investors should note that this has seen a depreciation of 16.88% compared to the previous period, necessitating a careful evaluation of current rental demand versus capital appreciation.
Rental rates in Nerul vary significantly based on the 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 provide a clear range for tenants and landlords to assess the market value of residential properties in the locality.
As of June 2026, DDSR Swapnpoorti CHS leads the rental market in Nerul with a current rental rate of ₹110 per sq ft. Other premium projects include Twist Land Apartment at ₹87 per sq ft and Sneh CHS at ₹84 per sq ft. These projects represent the higher end of the rental spectrum, and while most of these top-tier projects have seen stable rental rates, Metro The Palms has experienced a 16.67% depreciation in its rental rate compared to the previous period.
Rental rates across Nerul sectors show varied performance as of June 2026. Most sectors, including Nerul Sector 17, Sector 21, and Sector 19, maintain an average rental rate of ₹50 per sq ft. However, Nerul Sector 25 commands a premium at ₹100 per sq ft, which has appreciated by 2.67% compared to the previous period. Conversely, sectors like Nerul Sector 6 have seen a slight depreciation of 1.43%, reflecting the localized nature of rental demand in the area.
As of June 2026, Beverly Park is the most premium project in Nerul with a listing rate of ₹35,300 per sq ft, maintaining stable pricing. Moreshwar 19 East follows with a rate of ₹34,250 per sq ft, though it has seen a 3.04% depreciation. Other notable projects include Tulsi Sagar at ₹33,950 per sq ft, which has appreciated by 3.05%, and Vaishnavi Tower at ₹33,650 per sq ft, which has seen a significant appreciation of 13.48% compared to the previous period.
A buyer should view the Nerul market as a mature locality where price trends are currently consolidating. With the average asking price at ₹32,300 per sq ft as of June 2026, the market has shown both growth and correction phases over the last year. Investors should prioritize projects with strong appreciation signals, such as Vaishnavi Tower or Safal Residency, while keeping an eye on the rental yield of 2.38% to balance their portfolio between capital gains and consistent rental income.
