These are the latest property rates in Colaba, Mumbai — the historic southern tip of the island from Regal Circle down the Causeway to Navy Nagar and Colaba Woods — with price estimates, rental figures and how Colaba compares with its neighbours.
Property Rates in Colaba by BHK
These property rates in Colaba span two very different markets on a carpet-area basis. The heritage and cessed core — the Causeway, Arthur Bunder Road, the old buildings behind the Taj — trades around ₹42,000–52,000/sq.ft; independent research puts the flat average near ₹47,800.
Rental Rates in Colaba
From independent market research, not Asraa Realty’s own rental listings. Colaba’s rental demand — expats, corporates, the hospitality and consular trade — has held up better than its capital values, so gross yield here is a relatively high 3.5–4.5% against the sale figure for property rates in Colaba.
Property Rates in Colaba: Price Trend
Colaba has been a long-term laggard — broadly flat over three years and down over five and ten — as heritage rules, defence land and Causeway congestion capped redevelopment while other SoBo pockets rebuilt.
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Colaba & Neighbouring Localities
| Locality | Rate | vs Colaba |
|---|---|---|
| Cuffe Parade | ₹70,000 | +27% |
| Nariman Point | ₹66,000 | +20% |
| Charni Road | ₹60,000 | +9% |
| Colaba (this locality) | ₹55,000 | — |
Cuffe Parade, Nariman Point and Charni Road are all independently researched and cross-verified as of 6 September 2026. Nariman Point’s figure is residential.
Colaba is the most affordable of the South Mumbai tip localities on a blended basis — the weight of heritage and cessed stock pulls its average below even its immediate neighbour Cuffe Parade, though its best pockets overlap them.
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Chat on WhatsApp or call +91 96199 73211About Colaba
Colaba is the historic southern tip of the island city, running from Regal Circle and the Gateway of India down Shahid Bhagat Singh Road and the Colaba Causeway to Navy Nagar, Colaba Woods and the Sassoon Dock fishing harbour.
What Affects Prices in Colaba
Frequently Asked Questions
Common questions about property rates in Colaba, covering residential and rental figures.
What is the current property rate in Colaba?
The blended asking rate for property rates in Colaba is around ₹55,000 per sq.ft carpet area (as of mid-2026), below the ₹76,000 figure on older indices. Independent research puts the flat average near ₹47,800.
The heritage and cessed core trades around ₹42,000–52,000, while better residential pockets such as Colaba Woods and Wodehouse Road run ₹65,000–90,000 and above. An indicative transaction benchmark is around ₹42,000 per sq.ft.
Why have property rates in Colaba fallen over the long term?
Independent data shows Colaba broadly flat over three years and down over five and ten. Heritage-precinct rules, the large Navy cantonment and Causeway congestion have all limited redevelopment, so the area’s ageing stock de-rated while other South Mumbai pockets rebuilt and repriced.
Its better residential pockets have held up far better than the cessed core.
Property rates in Colaba 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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