Avg. Rate
₹ 16,374/sq. ft
Locality Rating
9.6/10
Girgaon, nestled in the southern part of Mumbai, is a historic and culturally vibrant locality that blends old-world charm with urban convenience. Part of South Mumbai’s prime residential zone, it enjoys a coastal location with direct access to the Arabian Sea and a scenic stretch of Marine Drive, locally known as the Queen’s Necklace. The area is well-connected through key railway stations like Charni Road and Grant Road, both on the Western Line, ensuring seamless access to other parts of the city. Its strategic location near business districts such as Nariman Point and Fort makes it a sought-after residential hub despite space constraints. With a rich legacy dating back to the 19th century, Girgaon has long been a center of cultural and religious activity, housing landmarks like the Mumbadevi Temple and Prarthana Samaj. The locality is synonymous with the iconic Girgaon Chowpatty, a popular beachfront destination for recreation and the grand Ganesh Visarjan festival, drawing thousands annually. Real estate in Girgaon is characterized by older chawls and mid-rise buildings, with property prices averaging around Rs. 9,144 per sq ft, reflecting steady demand due to its central location and heritage value. The area benefits from proximity to major healthcare institutions like Breach Candy Hospital, Bombay Hospital, and Jaslok Hospital, making it a preferred choice for long-term residents. While the lack of new high-rise developments keeps inventory limited, the 52 active residential projects indicate ongoing interest in the micro-market. Though traffic congestion remains a challenge, especially during peak hours, Girgaon’s community-driven lifestyle and access to essential amenities continue to sustain its appeal in the South Mumbai real estate landscape.
Region
South Mumbai
City
Mumbai
District
Mumbai
State
Maharashtra
Pincode
441223
Population
85,000
Schools
5
Nearest Airport
Chhatrapati Shivaji Maharaj International Airport (BOM)
Girgaon is located near the Girgaon Chowpatty beach and Marine Drive promenade, which are major tourist destinations.
Girgaon is a well-known diamond trading hub, with many traders operating from the Panchratna & Prasad chambers building.
Presence of renowned hospitals, such as Breach Candy Hospital, Bombay Hospital, and Jaslok Hospital.
Girgaon is home to the Mumbadevi temple, which is a notable religious site.
Located in proximity to prominent commercial hubs, namely the Fort, Nariman Point, Ballard Estate, and Lower Parel
Heavy traffic congestion during peak hours, which can be frustrating for commuters and pedestrians alike.
Normalized to 100 · Oct 2020 baseline
Timeline
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%)
Timeline
Average Rate
₹ 16,374/sq. ft
Average Price Range
₹ 8,400 – 31,900
Trend (5Y)
▲ 57.9%
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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


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