These are the latest property rates in Mumbai Central, Mumbai — the station, BEST depot and Bellasis Road quarter between Byculla and Grant Road — with configuration-wise price estimates, rental figures and how Mumbai Central compares with its neighbours.
Estimated Property Prices in Mumbai Central
These property rates in Mumbai Central reflect actual listed prices on a carpet-area basis. The locality has a small listing pool and a wide spread — older cessed and chawl stock near the low end, a handful of new towers near the top.
Nathani Heights, the G+72 tower on Bellasis Road, is the flagship — asking about ₹46,000–50,000/sq.ft, with 3 BHK homes around ₹12.6–12.8 Cr and an average resale near ₹7.09 Cr.
Rental Rates in Mumbai Central
Direct locality rent averages aren’t separately published for Mumbai Central, so these are estimated from the asking rate and a typical South Mumbai gross yield near 4%. Nathani Heights units rent for roughly ₹3.0–4.25 Lakh/month.
Mumbai Central Property Price Trend
Mumbai Central peaked around 2023 and then fell sharply — the locality index is down about 17% over three years — before a partial recovery in the last year (+4.9%).
It has clearly lagged the wider South Mumbai market. Points are shaped from published appreciation data for property rates in Mumbai Central (-17.3%/3yr, +4.9%/1yr).
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Mumbai Central 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 locality’s researched transaction and asking rates. For a precise, property-specific valuation, get an exact valuation.
Live Listings in Mumbai Central
No live Asraa Realty listings in Mumbai Central right now.
Tell us what you’re looking for and we’ll alert you the moment a matching property comes up. Register your requirement →
Mumbai Central & Neighbouring Localities
| Locality | Rate | vs Mumbai Central |
|---|---|---|
| Mahalaxmi | ₹63,000 | +50% |
| Byculla | ₹45,500 | +8% |
| Mumbai Central (this locality) | ₹42,000 | — |
| Grant Road | ₹41,000 | -2% |
Mahalaxmi, Byculla and Grant Road are all independently researched and cross-verified as of 6 September 2026.
Mumbai Central sits below Byculla and Mahalaxmi on a blended basis. Its position is transit-driven — two railway terminals, a Metro Line 3 station and the BEST depot — rather than address-driven.
Talk to an advisor about Property Rates in Mumbai Central, Mumbai (2026)
Get a free valuation, or ask about current listings and rates in this locality — no obligation.
Chat on WhatsApp or call +91 96199 73211About Mumbai Central
Mumbai Central is a transit quarter, not a prestige address. It holds the Mumbai Central railway terminus, the BEST bus depot, the Maratha Mandir and Alexandra cinemas, and Bellasis Road, on the Central and Western lines between Byculla and Grant Road, with a Metro Line 3 station now added.
At about ₹42,000/sq.ft asking, property rates in Mumbai Central are up from the ₹36,000 figure carried on older indices — one independent source puts the locality near ₹43,700, with an indicative transaction rate close to ₹28,000.
Unusually, the locality index has fallen over the medium term — down about 17% over three years and about 6% over five — recovering only in the last year.
Mumbai Central has lagged because its stock is overwhelmingly ageing cessed buildings and chawls, with very little redevelopment beyond a handful of towers such as Nathani Heights.
Mumbai Central is a retail and transit node — the station, the electronics markets towards Lamington Road, government offices — not an office district in its own right.
What Affects Prices in Mumbai Central
Frequently Asked Questions
Common questions about property rates in Mumbai Central, covering residential and rental figures.
What is the current property rate in Mumbai Central?
The average asking rate for property rates in Mumbai Central is around ₹42,000 per sq.ft carpet area (as of mid-2026); one independent source puts the locality near ₹43,700, above the ₹36,000 figure carried on older indices.
An indicative transaction benchmark — not independently verified — is around ₹34,000 per sq.ft; the modelled transaction rate is lower, near ₹28,000. The Ready Reckoner (built-up area) is estimated near ₹18,500 per sq.ft.
Why have property rates in Mumbai Central fallen over three years?
The locality is dominated by ageing cessed buildings and chawls, with very little new supply. Older stock has drifted down while the wider South Mumbai market rose.
Published data shows the Mumbai Central index down about 17% over three years, recovering about 5% in the last year. The exception is the small pool of new towers, led by Nathani Heights.
What is the price range for a flat in Mumbai Central?
Based on current market listings, a 1 BHK in Mumbai Central is typically ₹1.20–2.20 Cr and a 2 BHK ₹3.05–4.05 Cr on a carpet-area basis.
3 BHK homes span a wide ₹4.50–13.00 Cr, with Nathani Heights at the top around ₹12.6–12.8 Cr.
What is the average rent in Mumbai Central?
Direct locality rent averages aren’t separately published. Estimated from the asking rate and a typical 4% gross yield, a 1 BHK runs roughly ₹40,000–65,000/month, a 2 BHK ₹90,000–1.50 Lakh, and a 3 BHK ₹1.60–4.25 Lakh, with Nathani Heights units at the top of that band.
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. Mumbai Central is a small, thin market: one independent source puts asking near ₹43,700/sq.ft and the modelled transaction rate near ₹28,000; this page uses ₹42,000 and ₹34,000 as blended figures.
Direct locality rent averages aren’t separately published, so rental figures are estimated from the sale rate and a typical gross yield.
The Ready Reckoner shown is an estimate for this old-quarter zone. Actual prices vary sharply by building, tenure and redevelopment status. Use the enquiry form above for a precise, property-specific estimate.
← View all Mumbai Metropolitan Region & Palghar property rates