New Launch - India Real Estate Report 2026.

Dadar

Avg rate icon

Avg. Rate

21,791/sq. ft

Locality rating icon

Locality Rating

9.5/10

Dadar, one of South Mumbai's oldest and most prominent localities, blends colonial-era charm with modern urban living. Strategically located on both the Western and Central Railway lines, it serves as a vital transit hub connecting North and South Mumbai. The area has evolved into a high-demand residential and commercial zone, marked by a dense network of well-maintained roads, bus terminals, and upcoming metro connectivity, making it a cornerstone of Mumbai’s transport infrastructure. Renowned for its rich cultural fabric, Dadar is home to iconic landmarks such as Shivaji Park, the Siddhi Vinayak Temple, and Dadar Chowpatty, contributing to its unique social identity. It offers access to some of the city’s most respected healthcare institutions, including P.D. Hinduja Hospital and Tata Memorial Hospital, alongside reputed schools and civic amenities. The locality also hosts vibrant markets like Dadar East and West markets, serving daily needs and retail demands. Real estate in Dadar is characterized by premium pricing, with an average 2BHK flat costing around ₹1.79 crore and prices averaging ₹27,423 per sq. ft. Despite high population density, the area maintains a balance with green spaces, community events, and a strong neighborhood ethos. Its mix of old-world charm, connectivity, and urban convenience makes Dadar a sought-after address in Mumbai’s South Zone.

Region

South Mumbai

City

Mumbai

District

Mumbai

State

Maharashtra

Pincode

400014

Population

1,50,000

Schools

5

Nearest Airport

Chhatrapati Shivaji Maharaj International Airport (BOM)

Neighbourhood Insights byPulse AI Logo

Locality price index icon

The Good

Siddhi Vinayak Temple is located in Dadar

Shivaji Park which is regarded as the cradle of Indian cricket is situated in Dadar

Dadar Chowpatty beach is located close to Dadar

Bandra - Worli sea ink is located 15 mins away from Dadar

Locality price index icon

The Bad

Heavy traffic congestion during peak hours, which can be frustrating for commuters and pedestrians alike.

Matunga RoadNear Dadar, South Mumbai, South Zone, Mumbai
Platform 1,2Near Dadar, South Mumbai, South Zone, Mumbai

Aurum Price Index for Dadar

1BHK2BHK3BHKAll

Normalized to 100 · Oct 2020 baseline

Timeline

Aurum Price Index is based on 10 parameters:

Property Listing Trends

(12%)

RERA Inventory & Sales Velocity

(13%)

IGR Transaction Data

(15%)

Rental Yield

(10%)

Pollution & Environment

(08%)

Infrastructure & Connectivity

(13%)

Social Infrastructure

(08%)

Crimes & Safety

(08%)

Political Stability

(06%)

Corruption & ease of doing business

(07%)

Rates and Trends

Upper PriceAverage PriceLower Price

Timeline

Average Rate

21,791/sq. ft

Average Price Range

11,15042,450

Trend (5Y)

57.9%

Nearby Neighborhoods

Matunga

Matunga, located in South Mumbai’s central zone, is one of the city’s earliest planned residential neighborhoods, developed under the 1899–1900 Dadar–Matunga–Wadala–Sion scheme to decongest the southern parts of the city and improve urban living standards. Nestled between Dadar to the south and Sion to the north, it enjoys strategic connectivity via three major suburban railway lines: the Central Line (Matunga station), Western Line (Matunga Road station), and Harbour Line (King's Circle station), making it a vital transit hub in Mumbai’s rail network. The locality has evolved into a prominent educational and cultural hub, housing esteemed institutions like VJTI, Institute of Chemical Technology, Ramnarain Ruia College, and Guru Nanak Khalsa College—all accredited by NAAC. Its real estate market reflects sustained demand, with an average 2BHK price of ₹2.02 crore and a per sq. ft. rate of ₹32,315, driven by its established infrastructure and proximity to business districts. Matunga is celebrated for its multicultural fabric, particularly its strong South Indian community influence, evident in iconic eateries like Cafe Madras, Idli House, and Anand Bhavan. The area also features a vibrant flower market and aromatic filter coffee stalls, adding to its unique urban charm, while its dense built-up environment presents challenges in terms of open spaces and recreational areas.

Avg. Rate

26,012/sq. ft

Locality Rating

9.5/10

Explore Neighbourhood

Prabhadevi

Prabhadevi, a prestigious residential locality in South Mumbai, lies between Dadar to the north and Worli to the south, bordered by the Mahim Bay on its western edge. Historically named after the 300-year-old Prabhavati Temple, the area has evolved into a sought-after enclave known for its serene environment and modern high-rise apartments. Despite its compact size, Prabhadevi offers a refined urban lifestyle with a blend of spiritual heritage and contemporary living, attracting professionals and affluent families alike. The locality is defined by its proximity to the iconic Siddhivinayak Temple, one of Mumbai’s most revered religious sites, which draws thousands of devotees and celebrities daily, especially on Tuesdays. While Prabhadevi does not have a direct local train station, it is seamlessly connected via an extensive network of BEST buses and major road arteries like Dr. E. Moses Road and the nearby Bandra-Worli Sea Link. This strategic location ensures quick access to business districts like Nariman Point and commercial hubs in Central and Western suburbs. Real estate in Prabhadevi is premium, with an average 2BHK apartment priced at ₹2.4 crore and per square foot rates averaging ₹46,459. The area features 24 residential projects, primarily luxury towers catering to high-net-worth individuals seeking privacy and exclusivity. With top-tier schools, hospitals, and shopping centers within close reach, Prabhadevi combines tranquility with urban convenience, making it a coveted address in South Mumbai’s real estate landscape.

Avg. Rate

37,177/sq. ft

Locality Rating

7.8/10

Explore Neighbourhood

Wadala

Wadala, located in South Mumbai's Central Suburbs, is a rapidly evolving residential and educational hub that blends urban convenience with academic prominence. Historically an industrial and transportation node, Wadala has transformed into a sought-after locality due to its strategic location between South Mumbai and the Eastern Suburbs. The area is home to premier institutions like the Institute of Chemical Technology (ICT) and Veermata Jijabai Technological Institute (VJTI), attracting students and faculty, which in turn fuels demand for housing and local amenities. Real estate in Wadala is marked by a mix of mid-rise and high-rise residential towers, with 23 ongoing and completed projects offering modern living spaces. The average price for a 2BHK apartment stands at approximately Rs. 2.93 Crore, with per square foot rates averaging Rs. 38,871, reflecting its growing appeal among professionals and investors. Proximity to business districts like Parel, Lower Parel, and Dadar enhances its residential desirability. Connectivity is a major strength, with access to the Central Railway line via Wadala Road and Dadar stations, the Mumbai Monorail (Wadala Depot and Wadala Bridge stations), and key road arteries like the Eastern Freeway and Sion-Panvel Highway. This multimodal connectivity, combined with the presence of hospitals, schools, and shopping centers, makes Wadala a well-rounded neighborhood in Mumbai’s South Zone.

Avg. Rate

19,927/sq. ft

Locality Rating

6.8/10

Explore Neighbourhood

Mahim

Mahim, a historically rich and strategically located neighborhood in South Mumbai, seamlessly blends residential elegance with industrial vitality. Nestled between the Arabian Sea and the bustling urban core, it features a mix of high-rise apartments, heritage homes, and commercial complexes that reflect its evolving identity. Its prime location along the Mumbai Suburban Railway’s Western Line ensures robust daily commuter access, while proximity to key business districts enhances its appeal for professionals and investors alike. The locality has witnessed steady real estate appreciation, with an average 2BHK property priced at ₹2.5 crore and average rates hovering around ₹39,581 per sq. ft. A total of 42 residential and mixed-use projects contribute to its dynamic housing landscape, catering to both luxury and mid-segment buyers. Ongoing infrastructure developments, including the Colaba-Bandra-SEEPZ Metro, are set to further boost Mahim’s connectivity and urban efficiency. Residents benefit from a well-rounded lifestyle supported by top-tier institutions, healthcare centers, and shopping hubs within close reach. Mahim Junction serves as a key transit node, linking the Western and Central Railway lines, while major roads like SV Road, Western Express Highway, and the Sion-Bandra Link Road ensure smooth vehicular movement. This confluence of heritage, convenience, and modernity makes Mahim a sought-after enclave in Mumbai’s southern belt.

Avg. Rate

25,000/sq. ft

Locality Rating

8.9/10

Explore Neighbourhood

Frequently Asked Questions

The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in

Pexo Icon

Ask Pulse Ai anything about real estate

Unlock the Latest in Real Estate

News, Infographics, Blogs & More! Delivered to your inbox.

Proptech Pulse Logo

Data that drives action.
Insight that inspires action.
Technology that empowers action.“

Made with Love

Statue

© PropTech Pulse 2026, All rights reserved.

Terms of Use and Privacy Policy