These are the latest property rates in Lalbaug, Mumbai — the heart of the Parel mill belt — home to the Lalbaugcha Raja and a dense cluster of Peninsula, Marathon and Kalpataru mill-land towers — with configuration-wise price estimates, rental figures, and how Lalbaug compares with nearby areas.
Commercial Property Rates in Lalbaug
For Sale
On a carpet-area basis, from real listing examples. Lalbaug gets Grade-A office spillover from the Lower Parel belt (Kamala Mills, Peninsula Business Park nearby) and has a strong mill-belt high street with heavy festival-season footfall around the Lalbaugcha Raja. 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 Lalbaug
These property rates in Lalbaug 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 Lalbaug
From independent market research, not Asraa Realty’s own rental listings. Gross yield in Lalbaug is around 2.7%.
Lalbaug Property Price Trend
99acres and other portals show Lalbaug near ₹41,550–43,150/sq.ft, up only about 1–2% over the last year. The chart reflects that plateau after a strong mill-boom run.
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Lalbaug 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 Lalbaug
No active Asraa Realty residential listing is currently confirmed as being in Lalbaug specifically with a displayable price at time of research.
Nearby Areas
| Locality | Rate | vs Lalbaug |
|---|---|---|
| Lalbaug (this area) | ₹42,000 | — |
| Currey Road | ₹41,000 | -2% |
| Chinchpokli | ₹40,000 | -5% |
| Parel | ₹45,500 | +8% |
Rates for Mumbai areas are independently researched and cross-verified as of 8 September 2026.
Talk to an advisor about Property Rates in Lalbaug, Mumbai (2026)
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Chat on WhatsApp or call +91 96199 73211About Lalbaug
Lalbaug is the heart of the old Parel–Lalbaug mill district, best known for the Lalbaugcha Raja Ganpati. On the redeveloped mill plots stand some of the belt’s tallest towers (Peninsula Ashok Towers, Marathon Monte Carlo, Kalpataru), while the surrounding grid is still dense chawl and cessed housing.
At around ₹42,000/sq.ft, Lalbaug is broadly flat — 99acres and other portals show ₹41,550–43,150/sq.ft, up only about 1–2% over the last year, across a wide ₹31,600–48,900/sq.ft band. Registered deals average lower, near ₹30,000, on the large old-chawl component.
What Affects Prices in Lalbaug
Frequently Asked Questions
Common questions about property rates in Lalbaug, Mumbai, covering residential and rental figures.
What is the current property rate in Lalbaug?
The average asking rate in Lalbaug is around ₹42,000 per sq.ft carpet area (as of mid-2026). An indicative transaction benchmark is around ₹30,000 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 Lalbaug?
Based on current market listings, a 1 BHK in Lalbaug runs roughly ₹1.40 Cr – ₹2.10 Cr, a 2 BHK ₹2.50 Cr – ₹4.00 Cr, and a 3 BHK ₹4.20 Cr – ₹7.00 Cr.
Is Lalbaug a good rental investment?
Gross rental yield in Lalbaug is around 2.7%. As with any single area, actual returns depend on the specific building, possession stage and timing.
How were these Lalbaug rates worked out?
Portals put Lalbaug near ₹41,550–43,150/sq.ft (up about 1–2% over the last year) across a ₹31,600–48,900 band, with registered deals near ₹30,000. Our ₹42,000 headline is the portal average, and the ₹30,000 benchmark and trend line are estimates.
What are commercial property rates in Lalbaug?
Commercial (office and shop) space in Lalbaug sells for roughly ₹22K–42K/sq.ft carpet and leases for about ₹110 – ₹210/sq.ft per month for offices and ₹250 – ₹600 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.
Portals put Lalbaug near ₹41,550–43,150/sq.ft (up about 1–2% over the last year) across a ₹31,600–48,900 band, with registered deals near ₹30,000. Our ₹42,000 headline is the portal average, and the ₹30,000 benchmark and trend line are estimates.
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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