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Property Rates in Prabhadevi, Mumbai (2026)

These are the latest property rates in Prabhadevi, Mumbai — the sea-facing sliver between Dadar and Worli, anchored by the Siddhivinayak temple and a row of luxury towers — with configuration-wise price estimates, rental figures and how Prabhadevi compares with its neighbours.

Residential · Sale
₹64,000/sq.ft
asking rate
Residential · Rent
₹59K–5.57L/month
1–4 BHK
Sea-Facing Towers
₹74K–86K/sq.ft
Ahuja, Kalpataru, Rustomjee
Rental Yield
~3.8%
gross
Indicative Transaction Benchmark₹48,000/sq.ft
Govt. Ready Reckoner (built-up area)~₹23,000/sq.ft (est.)
PositionPremium (South-Central sea belt)
5yr / 1yr Appreciation+39.9% / +1.7%
Asking, transaction, BHK and rental rates below are on a carpet-area basis (per RERA’s mandatory quoting requirement) — the Govt. Ready Reckoner rate is the one exception, calculated on built-up area under separate state stamp-duty rules. Based on independent property-market research and government registration records, updated 6 September 2026 · see full breakdown and sourcing below

Estimated Property Prices in Prabhadevi

1 BHK
market listings
₹1.23 – 2.50 Cr
2 BHK
market listings
₹3.20 – 5.17 Cr
3 BHK
market listings
₹6.00 – 11.00 Cr

These property rates in Prabhadevi reflect actual listed prices on a carpet-area basis, across the Century Bazaar, Gokhale Road South and Siddhivinayak-corridor pockets.

Sea-facing luxury towers price far higher — Ahuja Towers around ₹86,200/sq.ft, Kalpataru Oceana and Tata Peregrine near ₹78,350, and Rustomjee Crown about ₹74,050 — with large 3 and 4 BHK homes in these buildings running ₹12–35 Cr and above.

Rental Rates in Prabhadevi

1 BHK
avg. monthly rent
~₹59,050
2 BHK
avg. monthly rent
~₹1,28,250
3 BHK
avg. monthly rent
~₹3,67,750

From independent market research, not Asraa Realty’s own rental listings. A 4 BHK rents around ₹5.57 Lakh/month and larger sea-facing units well above that. The average rental rate is about ₹200/sq.ft/month, a gross yield near 3.8%.

Prabhadevi Property Price Trend

₹65.5k ₹55k ₹45k 2021 ₹45.75k 2023 ₹50.3k Sep ’25 ₹63.15k 2026 ₹64.0k↑ Asraa’s own tracking starts here

Prabhadevi has been one of the strongest performers in the area — up about 27% over three years and 40% over five — though the last twelve months have been broadly flat.

Earlier points are derived from published appreciation data for property rates in Prabhadevi (+39.9%/5yr, +27.2%/3yr).

Estimate Your Property’s Value

Enter the carpet area and configuration of a property in Prabhadevi 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.

Estimated Value
₹3.60 Cr – ₹4.80 Cr
Low end: indicative transaction benchmark (₹48,000/sq.ft) · High end: asking rate (₹64,000/sq.ft)

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 Prabhadevi

View all current listings in Prabhadevi →

Prabhadevi & Neighbouring Localities

LocalityRatevs Prabhadevi
Worli₹73,000+14%
Prabhadevi (this locality)₹64,000
Dadar West₹55,000-14%
Lower Parel₹54,000-16%

Dadar West, Lower Parel and Worli are all independently researched and cross-verified as of 6 September 2026.

Prabhadevi sits between Dadar and Worli. It trades below Worli but above Dadar West and Lower Parel — the latter having softened on luxury oversupply — with its sea-facing towers overlapping the Worli price band.

Talk to an advisor about Property Rates in Prabhadevi, Mumbai (2026)

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Total Cost of Buying a Property

Based on standard Maharashtra stamp duty and registration rates. These can vary by municipal corporation, gender-based concessions, and government revisions — always confirm the exact figure with your sub-registrar office before transacting.

Stamp Duty₹28.80 Lakh
Registration Fee₹30,000
Approx. Total Extra Cost₹29.10 Lakh

Note: Maharashtra stamp duty is charged on whichever is higher — the actual agreement value or the government Ready Reckoner value.

No locality-specific Ready Reckoner figure is published for Prabhadevi; based on the neighbouring Dadar–Prabhadevi zone band it is estimated near ₹2.5 lakh/sq.m built-up (about ₹23,000/sq.ft), frozen for FY 2026-27.

Unlike every other rate on this page, the Ready Reckoner is calculated on built-up area, not carpet area — Maharashtra’s own formula treats built-up area as carpet area × 1.20, so ₹23,000/sq.ft built-up works out to roughly ₹27,600/sq.ft on a carpet-area-equivalent basis.

You can verify the current official Ready Reckoner rate and calculate exact stamp duty on the Maharashtra IGR government portal.

About Prabhadevi

Prabhadevi is a narrow, upmarket strip on the Arabian Sea between Dadar and Worli, best known for the Siddhivinayak temple, the Ravindra Natya Mandir and Sasmira institutions, and a Century Bazaar commercial pocket. Its western edge is a wall of sea-facing luxury towers.

At about ₹64,000/sq.ft asking, property rates in Prabhadevi place it firmly in South-Central Mumbai’s premium band. Independent sources bracket the locality between ₹62,850 and ₹66,650; registered deals average lower, near ₹40,000/sq.ft.

That gap is wide because Prabhadevi holds a mix of very high-value new towers alongside older cessed buildings and rehab stock that register well below market. This page uses ₹48,000/sq.ft as an indicative mid-point, with both extremes shown in the methodology note.

Prabhadevi is overwhelmingly residential and institutional; some offices sit along Veer Savarkar Marg and Appasaheb Marathe Marg, but dedicated commercial per-sq.ft rates aren’t independently verifiable and aren’t shown here.

What Affects Prices in Prabhadevi

Sea-facing aspect & floor height
Branded luxury tower vs older society
Cessed / rehab building tenure
Worli & Lower Parel spillover demand
Siddhivinayak-corridor redevelopment
Bandra–Worli Sea Link & Coastal Road access
Dadar interchange proximity
Exact micro-location

Frequently Asked Questions

Common questions about property rates in Prabhadevi, covering residential and rental figures.

What is the current property rate in Prabhadevi?

The average asking rate for property rates in Prabhadevi is around ₹64,000 per sq.ft carpet area (as of mid-2026); independent sources put the locality between ₹62,850 and ₹66,650.

An indicative transaction benchmark — not independently verified — is around ₹48,000 per sq.ft; the registered average is lower, near ₹40,000. The government Ready Reckoner rate (built-up area) is estimated near ₹23,000 per sq.ft.

What is the price range for a flat in Prabhadevi?

Based on current market listings, a 1 BHK in Prabhadevi is typically ₹1.23–2.50 Cr, a 2 BHK ₹3.20–5.17 Cr, and a standard 3 BHK ₹6.00–11.00 Cr on a carpet-area basis.

Sea-facing luxury towers — Ahuja Towers, Kalpataru Oceana, Tata Peregrine, Rustomjee Crown — run ₹74,000–86,000/sq.ft, with large homes at ₹12–35 Cr and above.

Why is the registered rate in Prabhadevi so far below the asking rate?

Prabhadevi mixes very high-value new towers with older cessed buildings and rehab flats. Sales of the older stock register well below open-market value, which pulls the government registered average (near ₹40,000/sq.ft) down.

One portal models a luxury-weighted transaction rate near ₹70,000. This page uses ₹48,000 as an indicative mid-point across the whole market.

What is the average rent in Prabhadevi?

Based on independent market research, a 1 BHK in Prabhadevi rents for around ₹59,050/month, a 2 BHK around ₹1.28 Lakh/month, and a 3 BHK around ₹3.68 Lakh/month, for a gross yield near 3.8%.

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 headline figure for property rates in Prabhadevi is bracketed by independent sources between ₹62,850 and ₹66,650/sq.ft.

On transactions, the government registered average runs near ₹40,000/sq.ft while one portal models a luxury-weighted rate close to ₹70,000; this page uses ₹48,000 as an indicative mid-point across the whole market.

The Ready Reckoner shown is an estimate from the Dadar–Prabhadevi zone band; no locality-specific figure is published. Actual prices vary by building, tenure, floor and view. Use the enquiry form above for a precise, property-specific estimate.

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