These are the latest property rates in Mazgaon, Mumbai — the old harbour-side district on the Byculla–Dockyard Road side of the island city, a heritage pocket in the middle of a redevelopment wave — with configuration-wise price estimates, rental figures, and how Mazgaon compares with nearby areas.
Commercial Property Rates in Mazgaon
Commercial rates in Mazgaon change a lot from one building to the next: floor, frontage, road, fit-out and lease terms can move the price by 2× or more. A single per sq.ft figure would mislead, so we share current deal rates on request.
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Property Rates in Mazgaon by BHK
These property rates in Mazgaon 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 Mazgaon
From independent market research, not Asraa Realty’s own rental listings. Gross yield in Mazgaon is around 2.8%.
Property Rates in Mazgaon: Price Trend
99acres puts Mazgaon’s asking average near ₹40,000/sq.ft with registered deals near ₹20,202 — a two-speed market. The chart follows the asking series; the earlier points are estimated.
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Live Listings in Mazgaon
No active Asraa Realty residential listing is currently confirmed as being in Mazgaon specifically with a displayable price at time of research.
Nearby Areas
| Locality | Rate | vs Mazgaon |
|---|---|---|
| Mazgaon (this area) | ₹40,000 | — |
| Byculla | ₹45,500 | +14% |
| Sewri | ₹44,500 | +11% |
| Reay Road | ₹35,000 | -13% |
Rates for Mumbai areas are independently researched and cross-verified as of 8 September 2026.
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Chat on WhatsApp or call +91 96199 73211About Mazgaon
Mazgaon is one of the oldest parts of Mumbai — a hilly, harbour-side district between Byculla and the Eastern Freeway, with churches, the docks, and a dense grid of cessed and pagdi buildings. It is in the middle of a large redevelopment wave (Peninsula, Runwal, Adani), which drives most of the new supply and the wide gap in its rate data.
What Affects Prices in Mazgaon
Compare all flats for sale in Byculla and Mazgaon, with prices and possession in one place.
Frequently Asked Questions
Common questions about property rates in Mazgaon, Mumbai, covering residential and rental figures.
What are the current property rates in Mazgaon?
The average asking rate in Mazgaon is around ₹40,000 per sq.ft carpet area (as of mid-2026). An indicative transaction benchmark is around ₹24,000 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 Mazgaon?
Based on current market listings, a 1 BHK in Mazgaon runs roughly ₹1.35 Cr – ₹2.40 Cr, a 2 BHK ₹2.40 Cr – ₹3.80 Cr, and a 3 BHK ₹4.00 Cr – ₹6.50 Cr.
Is Mazgaon a good rental investment?
Gross rental yield in Mazgaon is around 2.8%. As with any single area, actual returns depend on the specific building, possession stage and timing.
Property rates in Mazgaon 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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