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.
Property Rates in Mumbai Central by BHK
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.
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.
Property Rates in Mumbai Central: 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%).
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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.
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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.
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.
Property rates in Mumbai Central 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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