These are the latest property rates in Lokhandwala, Mumbai — the Lokhandwala Complex in Andheri West, between Oshiwara, Versova and the DN Nagar Metro, long known for its media and Bollywood residents — with price estimates, rental figures and how Lokhandwala compares with its neighbours.
Estimated Property Prices in Lokhandwala
Independent research puts the average for property rates in Lokhandwala near ₹43,750/sq.ft carpet. The ₹44,000 headline follows that aggregate. The last year has been broadly flat (−1.2%) after a strong three- and five-year run.
Lokhandwala Complex is a planned pocket of mid-1980s onwards cooperative societies and a growing set of redeveloped towers — Oberoi Sky Garden and similar — which trade above the average.
Rental Rates in Lokhandwala
From independent market research, not Asraa Realty’s own rental listings. Media and entertainment tenants dominate; a furnished 3 BHK in Oberoi Sky Garden lists at ₹3.25 Lakh a month. Against the sale figure for property rates in Lokhandwala, gross yield works out near 3.0–3.5%.
Lokhandwala Property Price Trend
A strong run to 2025 — about +31% over five years — then a slight easing of roughly −1% over the last year.
Points are shaped from published appreciation data for property rates in Lokhandwala.
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Lokhandwala 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) — a redeveloped tower in Lokhandwala trades above this range.
This is a quick estimate using this locality’s researched transaction and asking rates. For a precise, property-specific valuation, get an exact valuation.
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Lokhandwala & Neighbouring Localities
| Locality | Rate | vs Lokhandwala |
|---|---|---|
| Lokhandwala (this locality) | ₹44,000 | — |
| Versova | ₹42,000 | -5% |
| Andheri West | ₹41,500 | -6% |
| Oshiwara | ₹36,000 | -18% |
Versova, Andheri West and Oshiwara are all independently researched and cross-verified as of 6 September 2026.
Lokhandwala trades at the top of the Andheri West–Lokhandwala–Versova cluster on a blended basis, a small premium for its planned layout and established society stock.
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Chat on WhatsApp or call +91 96199 73211About Lokhandwala
Lokhandwala Complex is a planned residential pocket in Andheri West, developed from the mid-1980s on reclaimed land between Oshiwara, Versova and Four Bungalows, with its own market, back road and a long association with the film and television industry.
Its stock is a grid of cooperative-society buildings of that era, now interspersed with redeveloped towers, and served by the DN Nagar Metro station and the Versova–Andheri–Ghatkopar line.
At about ₹44,000/sq.ft, property rates in Lokhandwala track the independent aggregate of ₹43,750. The last year has been broadly flat, after gains of about 17% over three years and 31% over five.
An indicative transaction benchmark is around ₹36,000/sq.ft. Redeveloped towers such as Oberoi Sky Garden trade above the locality average, and the older society stock below it.
Lokhandwala has a busy local high street and back road of shops and restaurants, but no office market; rates here are residential.
What Affects Prices in Lokhandwala
Frequently Asked Questions
Common questions about property rates in Lokhandwala, covering residential and rental figures.
What is the current property rate in Lokhandwala?
The average asking rate for property rates in Lokhandwala is around ₹44,000 per sq.ft carpet area (as of mid-2026), tracking the independent aggregate of ₹43,750.
The last year has been broadly flat, after gains of about 17% over three years and 31% over five. An indicative transaction benchmark is around ₹36,000 per sq.ft.
How does Lokhandwala compare with Oshiwara and Versova?
On a blended basis Lokhandwala sits at the top of the cluster at about ₹44,000/sq.ft, just above Versova (₹42,000) and Andheri West (₹41,500), and well above Oshiwara (₹36,000).
Its planned layout and established society stock earn a small premium, though Oshiwara has appreciated faster.
What is the price range for a flat in Lokhandwala?
Based on current market listings, a 1 BHK in Lokhandwala is typically ₹1.10–1.80 Cr, a 2 BHK ₹1.90–3.50 Cr, and a 3 BHK anywhere from ₹3.40 Cr to ₹7.00 Cr on a carpet-area basis.
Redeveloped towers sit at the top of these ranges.
What is the average rent in Lokhandwala?
Based on independent market research, monthly rent runs roughly ₹40,000–60,000 for a 1 BHK, ₹65,000–1.10 Lakh for a 2 BHK, and ₹1.20–3.25 Lakh for a 3 BHK. The rental market is large and media-driven; gross yield is near 3.0–3.5%.
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. The ₹44,000 headline follows the independent aggregate of ₹43,750/sq.ft; redeveloped towers trade above it and older society stock below.
The appreciation figures are from independent registry-linked data; the slight one-year decline follows a strong three- and five-year run.
The Ready Reckoner shown is the published band for the wider Andheri West zone. Use the enquiry form above for a precise, property-specific estimate.
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