These are the latest property rates in Girgaon, Mumbai — the old Maharashtrian quarter behind Charni Road station, from Thakurdwar and the heritage wadis to Opera House and Chowpatty — with price estimates, rental figures and how Girgaon compares with its neighbours.
Estimated Property Prices in Girgaon
These property rates in Girgaon centre on old cessed and pagdi stock — the heritage wadis (Khotachiwadi, Fanaswadi, Mugbhat), Thakurdwar and the lanes off Khadilkar and J.S.S. Road — which trade around ₹40,000–52,000/sq.ft carpet. Independent research puts the average near ₹46,600–47,750.
Redeveloped buildings and the Opera House and Chowpatty edge run ₹60,000–75,000 and above. The ₹47,000 headline is a blend, leaning towards the wadi stock that dominates registered deals.
Rental Rates in Girgaon
From independent market research, not Asraa Realty’s own rental listings. Against the sale figure for property rates in Girgaon, gross yield works out near 3.0–3.8% — higher than the South Mumbai sea belt, because capital values here have lagged.
Girgaon Property Price Trend
A slow, steady climb — about +4% over the last year and an estimated +18% over five — as cluster redevelopment gradually replaces the oldest wadi stock.
Points are shaped from published data for property rates in Girgaon; registered deals average only about ₹22,700/sq.ft because so many are in cessed buildings.
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Girgaon 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 Girgaon a cessed wadi flat and a redeveloped unit can differ by half.
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 Girgaon
No live Asraa Realty listings in Girgaon right now.
Most transactions here are in cessed and pagdi buildings with complex title, handled privately. Tell us what you’re looking for and we’ll alert you the moment a matching property comes up. Register your requirement →
Girgaon & Neighbouring Localities
| Locality | Rate | vs Girgaon |
|---|---|---|
| Charni Road | ₹60,000 | +28% |
| Girgaon (this locality) | ₹47,000 | — |
| Mumbai Central | ₹42,000 | -11% |
| Grant Road | ₹41,000 | -13% |
Charni Road, Mumbai Central and Grant Road are all independently researched and cross-verified as of 6 September 2026.
Girgaon is the interior of the Charni Road quarter. Its blended rate sits well below Charni Road’s, whose figure is pulled up by the Marine Drive and Chowpatty sea frontage that Girgaon lacks.
Talk to an advisor about Property Rates in Girgaon, Mumbai (2026)
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Chat on WhatsApp or call +91 96199 73211About Girgaon
Girgaon (Girgaum) is one of Mumbai’s oldest Maharashtrian neighbourhoods, behind Charni Road station, running from Thakurdwar and the Girgaon Portuguese Church quarter to Opera House, the diamond bourse and Girgaon Chowpatty.
Its fabric is the heritage wadis — Khotachiwadi, Fanaswadi, Mugbhat and dozens more — low-rise cessed and pagdi buildings, temples and small businesses, with cluster redevelopment slowly changing parts of it.
At about ₹47,000/sq.ft blended asking, property rates in Girgaon are among the more affordable in the island city. Wadi and cessed stock trades ₹40,000–52,000; redeveloped and sea-side buildings run ₹60,000–75,000 and above.
Registered deals average only about ₹22,700/sq.ft, reflecting how much of the recorded turnover is in cessed buildings; an indicative transaction benchmark of ₹27,000 blends that with the more liquid resale market.
Girgaon is a residential and trade quarter — the Opera House diamond cluster, jewellery and the Chowpatty and station markets — not an office district.
What Affects Prices in Girgaon
Frequently Asked Questions
Common questions about property rates in Girgaon, covering residential and rental figures.
What is the current property rate in Girgaon?
The blended asking rate for property rates in Girgaon is around ₹47,000 per sq.ft carpet area (as of mid-2026). Independent research puts the average near ₹46,600–47,750.
Wadi and cessed stock trades ₹40,000–52,000, while redeveloped and sea-side buildings run ₹60,000–75,000 and above. An indicative transaction benchmark is around ₹27,000 per sq.ft.
Why is the registered rate in Girgaon so low?
Registered deals in Girgaon average only about ₹22,700/sq.ft, from a large sample of transactions. Most are in cessed and pagdi buildings, where tenancy rights rather than freehold flats change hands, so the recorded value is far below open-market asking rates.
The indicative benchmark of ₹27,000 blends that registry data with the small clean-title resale market.
What is the price range for a flat in Girgaon?
Based on current market listings, a 1 BHK in Girgaon is typically ₹1.50–2.40 Cr, a 2 BHK ₹2.60–4.60 Cr, and a 3 BHK anywhere from ₹4.50 Cr to ₹9.00 Cr on a carpet-area basis.
Redeveloped and sea-side units sit at the top of these ranges.
What is the average rent in Girgaon?
Based on independent market research, monthly rent runs roughly ₹35,000–55,000 for a 1 BHK, ₹60,000–1.10 Lakh for a 2 BHK, and ₹1.10–2.20 Lakh for a 3 BHK. Gross yield is near 3.0–3.8%, higher than the sea belt because capital values have lagged.
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. Girgaon is a two-tier market: heritage wadi and cessed stock at ₹40,000–52,000/sq.ft and redeveloped or sea-side buildings at ₹60,000–75,000 and above; the ₹47,000 headline is an indicative blend.
The registered-deal average of about ₹22,700 is not a market rate — it reflects pagdi and cessed transfers — and the three- and five-year appreciation figures are approximate.
The Ready Reckoner shown is an estimate for this heritage C-ward quarter. Use the enquiry form above for a precise, property-specific estimate.
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