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.
Estimated Property Prices in Colaba
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.
The better residential pockets — Colaba Woods, Wodehouse Road, Captain Prakash Pethe Marg and the sea edge near Navy Nagar — run ₹65,000–90,000 and above. The ₹55,000 headline is a blend of the two.
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.
Colaba Property 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.
Points are shaped from published appreciation data for property rates in Colaba; the line is choppy because the market is thin and cessed-building-heavy.
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Colaba 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) — in Colaba the value depends heavily on whether the building is heritage/cessed or in one of the better residential pockets.
This is a quick estimate using this locality’s researched transaction and asking rates. For a precise, property-specific valuation, get an exact valuation.
Live Listings in Colaba
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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.
It is one of Mumbai’s oldest built-up areas — Portuguese and colonial-era stock, cantonment land, cessed buildings, the Afghan Church and a dense retail high street — alongside a Navy cantonment that limits construction across a large part of the peninsula.
At about ₹55,000/sq.ft blended asking, property rates in Colaba are below the ₹76,000 figure carried on older indices. Independent research puts the flat average near ₹47,800, with a ₹42,000–90,000+ spread across the heritage core and the better pockets.
An indicative transaction benchmark is around ₹42,000/sq.ft, reflecting how much of the recorded turnover is in old cessed and cantonment-adjacent buildings.
The Colaba Causeway is one of Mumbai’s best-known retail high streets. Shop rents there are negotiated per unit and frontage rather than at a consistent per-sq-ft locality rate, so no commercial rate is quoted on this page.
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.
What is the price range for a flat in Colaba?
Based on current market listings, a 1 BHK in Colaba is typically ₹1.50–3.00 Cr, a 2 BHK ₹2.90–5.40 Cr, and a 3 BHK anywhere from ₹5.00 Cr to ₹14.00 Cr on a carpet-area basis.
Flats in the heritage core sit at the low end; sea-facing and Colaba Woods units sit well above it.
What is the average rent in Colaba?
Based on independent market research, monthly rent is roughly ₹55,000–90,000 for a 1 BHK, ₹1.00–1.80 Lakh for a 2 BHK, and ₹1.80–3.50 Lakh for a 3 BHK. Expat and corporate demand keeps yields relatively high here, near 3.5–4.5%.
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 locality on 6 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. Colaba is a two-market locality: a heritage/cessed core at ₹42,000–52,000/sq.ft (flat average near ₹47,800) and better residential pockets at ₹65,000–90,000 and above; the ₹55,000 headline is an indicative blend.
Independent appreciation data is negative over five and ten years (−4.4% and −9.6%) and broadly flat over three; one contrarian source claims high single-digit annual growth, which the registry-based series does not support.
The Ready Reckoner shown is an estimate for this heritage C-ward zone. Use the enquiry form above for a precise, property-specific estimate.
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