New Launch - India Real Estate Report 2026.

Girgaon

Avg rate icon

Avg. Rate

16,374/sq. ft

Locality rating icon

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)

Neighbourhood Insights byPulse AI Logo

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The Good

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

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The Bad

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

Charni RoadNear Girgaon, South Mumbai, South Zone, Mumbai

Aurum Price Index for Girgaon

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

16,374/sq. ft

Average Price Range

8,40031,900

Trend (5Y)

57.9%

Nearby Neighborhoods

Grant Road

Grant Road, located in the southern part of South Mumbai, is a well-established and historically significant locality within the bustling urban fabric of the city. With a PIN code of 400007, it lies along the Western Railway line, serving as the fourth station between Churchgate and Mumbai Central, making it a crucial transit point for daily commuters. The area is well-connected to key business and commercial hubs, benefiting from its proximity to major rail and upcoming metro infrastructure, which enhances its real estate appeal. Known for its vibrant street life and commercial energy, Grant Road is home to Lamington Road — Mumbai’s go-to destination for affordable electronics, gadgets, and accessories. The locality also hosts Tardeo Road and Balaram Street, famous for their Irani cafes like Merwan and Persian Bakery & Stores, adding to its cultural and culinary charm. With the upcoming Metro Line 3 (Colaba-Bandra-SEEPZ), Grant Road is set to become one of the first underground metro stations in Mumbai, further boosting accessibility. Real estate in Grant Road reflects its prime South Mumbai location, with an average 2BHK price of ₹2.13 crore and a per-square-foot rate of ₹43,724. Though compact and densely populated, the area features a mix of older residential buildings and new luxury developments by prominent builders, catering to both end-users and investors. Despite challenges like congestion and limited parking, Grant Road remains a sought-after address due to its connectivity, heritage, and evolving infrastructure.

Avg. Rate

19,039/sq. ft

Locality Rating

8.2/10

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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

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