These are the latest property rates in Churchgate, Mumbai — the Western Line terminus and business district around Oval Maidan, Veer Nariman Road and the Fort edge — with price estimates, rental figures and how Churchgate compares with its neighbours.
Property Rates in Churchgate by BHK
These property rates in Churchgate are on a carpet-area basis. Independent research puts the average anywhere from ₹62,500 to ₹77,400/sq.ft, depending on which sample is used.
Rental Rates in Churchgate
From independent market research, not Asraa Realty’s own rental listings. Corporate lets are the main demand for property rates in Churchgate, and named buildings such as Vishnu Mahal and Churchgate Mansion command the top of these ranges. Gross yield works out near 2.5–3.0%.
Property Rates in Churchgate: Price Trend
Churchgate is a mature, supply-locked market — barely any new construction — so property rates have moved very little: roughly +2% over the last year and about +10% over five.
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Churchgate & Neighbouring Localities
| Locality | Rate | vs Churchgate |
|---|---|---|
| Marine Drive | ₹82,000 | +12% |
| Churchgate (this locality) | ₹73,000 | — |
| Marine Lines | ₹72,000 | -1% |
| Charni Road | ₹60,000 | -18% |
Marine Drive, Marine Lines and Charni Road are all independently researched and cross-verified as of 6 September 2026.
Churchgate steps back from the Marine Drive frontage into the business district and trades a notch below it, roughly level with Marine Lines. Its own Oval- and sea-facing addresses sit at the top of its range.
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Chat on WhatsApp or call +91 96199 73211About Churchgate
Churchgate is the southern terminus of the Western Railway and the heart of South Mumbai’s business district, wrapped around Oval Maidan and Cross Maidan, bounded by Marine Drive to the west and the Fort precinct to the east.
What Affects Prices in Churchgate
Frequently Asked Questions
Common questions about property rates in Churchgate, covering residential and rental figures.
What is the current property rate in Churchgate?
The blended asking rate for property rates in Churchgate is around ₹73,000 per sq.ft carpet area (as of mid-2026), below the ₹85,000 figure on older indices. Independent research spans ₹62,500 to ₹77,400 per sq.ft.
Recorded deals run from about ₹63,600 for older cooperative flats to ₹80,000 and above for large maidan- or sea-facing apartments. An indicative transaction benchmark is around ₹50,000 per sq.ft.
Why have property rates in Churchgate barely moved?
Churchgate is a mature, supply-locked market. It is mostly commercial and institutional land, the residential buildings are old and few, and there is almost no redevelopment or new construction to reprice the area.
The result is a flat trend — roughly +2% over the last year and about +10% over five — with sources disagreeing on the one-year figure within a narrow band.
Property rates in Churchgate on this page are indicative, on a carpet-area basis, from current listings and published research. The Ready Reckoner rate is set by IGR Maharashtra. These figures are not a valuation.
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