These are the latest property rates in Mazgaon, Mumbai — the old harbour-side district on the Byculla–Dockyard Road side of the island city, a heritage pocket in the middle of a redevelopment wave — with configuration-wise price estimates, rental figures, and how Mazgaon compares with nearby areas.
Commercial Property Rates in Mazgaon
For Sale
On a carpet-area basis, from real listing examples. Mazgaon’s commercial base is dock-side warehousing, old-market retail and small offices; there is no organised Grade-A office node. Figures are indicative.
For Rent / Lease
Figures per sq.ft/month on a carpet-area basis, from real listing examples. Not Asraa Realty’s own commercial data.
Estimated Property Prices in Mazgaon
These property rates in Mazgaon reflect actual listed prices on a carpet-area basis. Older cessed and chawl stock sits at the value end; newer branded and redeveloped towers trade well above the area average.
Rental Rates in Mazgaon
From independent market research, not Asraa Realty’s own rental listings. Gross yield in Mazgaon is around 2.8%.
Mazgaon Property Price Trend
99acres puts Mazgaon’s asking average near ₹40,000/sq.ft with registered deals near ₹20,202 — a two-speed market. The chart follows the asking series; the earlier points are estimated.
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Mazgaon to get an instant range, between the indicative transaction benchmark and the current asking rate.
Estimate only, based on carpet area (per RERA’s mandatory quoting rule) — actual value depends on the specific unit.
This is a quick estimate using this area’s researched transaction and asking rates. For a precise, property-specific valuation, get an exact valuation.
Live Listings in Mazgaon
No active Asraa Realty residential listing is currently confirmed as being in Mazgaon specifically with a displayable price at time of research.
Nearby Areas
| Locality | Rate | vs Mazgaon |
|---|---|---|
| Mazgaon (this area) | ₹40,000 | — |
| Byculla | ₹45,500 | +14% |
| Sewri | ₹44,500 | +11% |
| Reay Road | ₹35,000 | -13% |
Rates for Mumbai areas are independently researched and cross-verified as of 8 September 2026.
Talk to an advisor about Property Rates in Mazgaon, Mumbai (2026)
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Chat on WhatsApp or call +91 96199 73211About Mazgaon
Mazgaon is one of the oldest parts of Mumbai — a hilly, harbour-side district between Byculla and the Eastern Freeway, with churches, the docks, and a dense grid of cessed and pagdi buildings. It is in the middle of a large redevelopment wave (Peninsula, Runwal, Adani), which drives most of the new supply and the wide gap in its rate data.
At around ₹40,000/sq.ft asking, Mazgaon is a classic island-city two-speed market. New redeveloped towers list at ₹38,000–55,000/sq.ft, while the large stock of old cessed and pagdi flats transacts far lower — 99acres records registered deals averaging near ₹20,202/sq.ft. Our ₹24,000 benchmark reflects a typical formal-society deal.
What Affects Prices in Mazgaon
Frequently Asked Questions
Common questions about property rates in Mazgaon, Mumbai, covering residential and rental figures.
What is the current property rate in Mazgaon?
The average asking rate in Mazgaon is around ₹40,000 per sq.ft carpet area (as of mid-2026). An indicative transaction benchmark is around ₹24,000 per sq.ft, and the government Ready Reckoner rate (built-up area) is estimated near ₹22,000 per sq.ft.
What is the price range for a flat in Mazgaon?
Based on current market listings, a 1 BHK in Mazgaon runs roughly ₹1.35 Cr – ₹2.40 Cr, a 2 BHK ₹2.40 Cr – ₹3.80 Cr, and a 3 BHK ₹4.00 Cr – ₹6.50 Cr.
Is Mazgaon a good rental investment?
Gross rental yield in Mazgaon is around 2.8%. As with any single area, actual returns depend on the specific building, possession stage and timing.
How were these Mazgaon rates worked out?
Mazgaon is a two-speed market — redeveloped towers list at ₹38,000–55,000/sq.ft while old cessed and pagdi stock transacts far lower (99acres registered average ₹20,202). Our ₹40,000 headline is the asking figure, the ₹24,000 benchmark reflects a typical formal-society deal, and the trend line is an estimate.
What are commercial property rates in Mazgaon?
Commercial (office and shop) space in Mazgaon sells for roughly ₹18K–35K/sq.ft carpet and leases for about ₹90 – ₹170/sq.ft per month for offices and ₹200 – ₹450 for shops, depending on grade and frontage.
These figures are from real listing examples and are not Asraa Realty’s own commercial data.
Are these rates guaranteed, and how are they calculated?
No — the asking, transaction and Ready Reckoner rates are sourced from independent third-party market research, not guaranteed or a substitute for a professional valuation.
Asraa Realty separately began recording its own monthly rate snapshot for this area on 8 September 2026. For an exact, property-specific figure, use the enquiry form above.
About Our Property Rate Data
Rates on this page — asking, transaction benchmark, Ready Reckoner, BHK and rental figures — are drawn from independent published research and government records, not generated by Asraa Realty.
All figures are on a carpet-area basis, per RERA’s mandatory quoting requirement.
Mazgaon is a two-speed market — redeveloped towers list at ₹38,000–55,000/sq.ft while old cessed and pagdi stock transacts far lower (99acres registered average ₹20,202). Our ₹40,000 headline is the asking figure, the ₹24,000 benchmark reflects a typical formal-society deal, and the trend line is an estimate.
Actual prices vary by building, floor, view, and negotiation, and are not a substitute for a professional valuation. Use the enquiry form above for a precise, property-specific estimate.
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