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Property rates in Mumbai

Rates by:

Knight Frank

1. Values indicated above are quoted base rental values for retail space across locations.
2. Values are excluding taxes, maintenance, car park charges, floor rise and other charges that may be applicable.
3. The values may vary depending on the location
4.99 Acres Price trend are based on asking rate and not necessarily on the transaction rate
Note
Central Suburbs Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Ambernath 2500 - 3800 May 2013
Badlapur 2300 - 3000 May 2013
Bhandup 8500 - 11000 May 2013
Byculla 12000 - 22000 May 2013
Chembur 9500 - 16000 May 2013
Dadar 20000 - 31000 May 2013
Dombivali 3500 - 5000 May 2013
Ghatkopar East 8500 - 18000 May 2013
Ghatkopar West 8500 - 13000 May 2013
Kalyan 3500 - 4500 May 2013
Kanjurmarg 8500 - 10500 May 2013
Kings Circle 10000 - 17000 May 2013
Kurla 8500 - 14000 May 2013
Mulund 9000 - 12000 May 2013
Powai 9000 - 15000 May 2013
Sion 11000 - 25000 May 2013
Thane 6800 - 10500 May 2013
Vikhroli 8500 - 12000 May 2013
Wadala 8500 - 15300 May 2013
Navi Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Airoli 6500 - 7200 May 2013
CBD Belapur 5500 - 8000 May 2013
Kalamboli 3500 - 5000 May 2013
Kharghar 4500 - 7500 May 2013
Kopar Khairane 6000 - 7500 May 2013
Nerul 6000 - 10500 May 2013
Panvel 3300 - 6500 May 2013
Sanpada 7000 - 9500 May 2013
Vashi 7000 - 10000 May 2013
South Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Altamount Road 45000 - 72000 May 2013
Bombay Central 20500 - 32000 May 2013
Churchgate 32000 - 50000 May 2013
Colaba 32000 - 48000 May 2013
Cuffe Parade 35000 - 71000 May 2013
Kemps Corner 37000 - 58000 May 2013
Lower Parel 21000 - 38000 May 2013
Mahalaxmi 21000 - 42000 May 2013
Malabar Hills 60000 - 76000 May 2013
Marine Drive 45000 - 70000 May 2013
Nariman Point 58000 - 92000 May 2013
Nepeansea Road 47000 - 74000 May 2013
Peddar Road 32000 - 56000 May 2013
Prabhadevi 22000 - 45000 May 2013
Shivaji Park 18000 - 35000 May 2013
Walkeshwar 38000 - 70000 May 2013
Warden Road 35000 - 60000 May 2013
Worli 25000 - 48000 May 2013
Western Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Andheri East 13000 - 16000 May 2013
Andheri West 14000 - 18500 May 2013
Bandra East 18000 - 27000 May 2013
Bandra West 26000 - 42000 May 2013
Borivali East 9500 - 12500 May 2013
Borivali West 11500 - 13500 May 2013
Goregoan East 11000 - 12000 May 2013
Goregoan West 11500 - 14000 May 2013
Kandivali East 8900 - 12500 May 2013
Kandivali West 11000 - 13000 May 2013
Khar East 16000 - 21000 May 2013
Khar West 23000 - 31000 May 2013
Malad East 11000 - 13000 May 2013
Malad West 12000 - 14000 May 2013
Mira Road East 5200 - 6500 May 2013
Naigon East 3400 - 3800 May 2013
Santacruz East 14500 - 21000 May 2013
Santacruz West 16000 - 22000 May 2013
Vasai 4000 - 4500 May 2013
Vile Parle East 16000 - 21000 May 2013
Vile Parle West 19000 - 23000 May 2013
Virar 3700 - 4500 May 2013

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Property Terms

Assignment

The transfer of a property interest, especially a lease, from one party to another.

Asset valuation

In the property market this expression is applied to the valuation of land and buildings or plant and machinery. The term is often used to describe an expert opinion of the worth of a property which may be incorporated into company accounts, where the ownership of the asset is not necessarily to be transferred but the valuation is required for the company takeovers, share flotation or mortgages.

Anchor tenant

One or more department or variety chainstores, or supermarkets, introduced into a shopping centre in key positions to attract the shopping public into the centre for the purpose of encouraging other retailers to lease shops en route. The larger the developments the more anchors required.

Agreement for lease/sale

A contract to enter into a lease (or sale), which in order to be enforceable either must be evidenced in writing and signed by the person against whom action is taken for the breach of the alleged contract and there must be a sufficient act of part performance.

Alternative user value

The value of land and buildings which reflects a prospective use which is different from that of the current use.

Absolute title

The right of ownership of a mortgage deed, which gives the right, in certain specified circumstances, to demand repayment in full, of the outstanding debt than the due date. Or a clause in a deed or contract, which provides for the early termination of an exciting interest in land, in certain specified circumstances, thereby advancing the future interest.

Atrium

An entrance hall of a building, often rising through a number of storeys and containing lifts, reception areas and plants. Originally the hall or chief apartment of a Roman house.

Abatement notice

A notice served on the owner(s) or occupier(s) of a property from which a private nuisance arises, warning them of the intention to enter on the land in order to abate the nuisance.

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