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Property rates in Mumbai

Rates by:

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 2012
Badlapur 2300 - 2600 May 2012
Bhandup 7500 - 9000 May 2012
Byculla 12000 - 22000 May 2012
Chembur 9000 - 15000 May 2012
Dadar 19000 - 31000 May 2012
Dombivali 3000 - 4500 May 2012
Ghatkopar East 8000 - 18000 May 2012
Ghatkopar West 8000 - 13000 May 2012
Kalyan 3000 - 4200 May 2012
Kanjurmarg 8000 - 10000 May 2012
Kings Circle 10000 - 17000 May 2012
Kurla 8500 - 14000 May 2012
Mulund 7500 - 9500 May 2012
Powai 8000 - 15000 May 2012
Sion 10500 - 25000 May 2012
Thane 5500 - 8700 May 2012
Vikhroli 8000 - 12000 May 2012
Wadala 8500 - 15300 May 2012
Navi Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Airoli 6500 - 7200 May 2012
CBD Belapur 5500 - 8000 May 2012
Kalamboli 3500 - 4600 May 2012
Kharghar 4500 - 7500 May 2012
Kopar Khairane 6000 - 7500 May 2012
Nerul 6000 - 10500 May 2012
Panvel 3300 - 6500 May 2012
Sanpada 7000 - 9500 May 2012
Vashi 7000 - 10000 May 2012
South Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Altamount Road 45000 - 66000 May 2012
Bombay Central 20500 - 32000 May 2012
Churchgate 25000 - 41000 May 2012
Colaba 25000 - 44000 May 2012
Cuffe Parade 34000 - 66000 May 2012
Kemps Corner 38000 - 55000 May 2012
Lower Parel 23000 - 36000 May 2012
Mahalaxmi 20000 - 39000 May 2012
Malabar Hills 50000 - 72000 May 2012
Marine Drive 24000 - 40000 May 2012
Nariman Point 63000 - 88000 May 2012
Nepeansea Road 50000 - 74000 May 2012
Peddar Road 35000 - 52000 May 2012
Prabhadevi 20000 - 42000 May 2012
Shivaji Park 18000 - 28000 May 2012
Walkeshwar 37000 - 65000 May 2012
Warden Road 37000 - 60000 May 2012
Worli 25000 - 46000 May 2012
Western Mumbai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Andheri East 10000 - 15000 May 2012
Andheri West 11000 - 17000 May 2012
Bandra East 16000 - 27000 May 2012
Bandra West 25000 - 42000 May 2012
Borivali East 8000 - 12000 May 2012
Borivali West 8500 - 13000 May 2012
Goregoan East 8500 - 11000 May 2012
Goregoan West 9500 - 11500 May 2012
Kandivali East 8500 - 11000 May 2012
Kandivali West 8500 - 11500 May 2012
Khar East 12000 - 20000 May 2012
Khar West 18000 - 27000 May 2012
Malad East 7500 - 9500 May 2012
Malad West 8000 - 11500 May 2012
Mira Road East 4500 - 5400 May 2012
Naigon East 3000 - 3300 May 2012
Santacruz East 14000 - 21000 May 2012
Santacruz West 16000 - 22000 May 2012
Vasai 3100 - 3500 May 2012
Vile Parle East 14000 - 21000 May 2012
Vile Parle West 16000 - 23000 May 2012
Virar 3500 - 4500 May 2012

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Property Terms

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.

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.

Alternative user value

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

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.

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.

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.

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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