New Launch - India Real Estate Report 2026.

Grant Road

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Avg. Rate

19,039/sq. ft

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Locality Rating

8.2/10

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.

Region

South Mumbai

City

Mumbai

District

Mumbai

State

Maharashtra

Pincode

400007

Population

85,000

Schools

5

Nearest Airport

Chhatrapati Shivaji Maharaj International Airport (BOM)

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The Good

Plants Nursery, Kabootar Khana, Mahanagar Palika Park, Nana Nani Park, etc are some of the best parks in the locality.

Hanging Gardens, 36 Downtown, Junction Restaurant and Bar, and ISKCON Chowpatty are major attractions for weekend outings.

The Grant Road Skywalk is the latest and the most iconic addition to the skywalks of Mumbai due to its round architecture.

Grant road is one of the posh areas of South Mumbai with prominent builders and their proposed luxurious upcoming projects.

Locality price index icon

The Bad

No free parking spaces, congested and crowded roads

Grant RoadNear Grant Road, South Mumbai, South Zone, Mumbai
Platform 4Near Grant Road, South Mumbai, South Zone, Mumbai

Aurum Price Index for Grant road

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

19,039/sq. ft

Average Price Range

9,75037,100

Trend (5Y)

57.9%

Nearby Neighborhoods

Girgaon

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.

Avg. Rate

16,374/sq. ft

Locality Rating

9.6/10

Explore Neighbourhood

Tardeo

Tardeo, nestled in the heart of South Mumbai, is one of the city’s most prestigious and sought-after residential and commercial enclaves. Known for its elite status, the locality is home to Mukesh Ambani’s iconic Antilia and has long been associated with affluence and luxury living. The skyline is dominated by high-rise developments such as the Imperial Towers, once India’s tallest residential buildings, reflecting Tardeo’s reputation for architectural grandeur and premium real estate. Its central location ensures proximity to Mumbai’s key business, retail, and cultural hubs. The area offers a blend of modern infrastructure and upscale amenities, including the city’s costliest oval-shaped skywalk bridge, which connects key points with panoramic views of the city and sea. Despite its urban density, Tardeo retains pockets of greenery and is surrounded by well-maintained roads, contributing to its posh and orderly environment. The upcoming Mumbai Metro Line 3 (Aqua Line) will further enhance its connectivity, linking it directly to major transit nodes across the city. Real estate in Tardeo is among the most expensive in India, with an average 2BHK priced at ₹1.76 crore and a per-square-foot rate of ₹28,031. With 21 residential and mixed-use projects, the locality attracts high-net-worth individuals seeking privacy, security, and proximity to South Mumbai’s elite districts. Its blend of luxury, location, and legacy makes Tardeo a cornerstone of Mumbai’s premium property market.

Avg. Rate

32,341/sq. ft

Locality Rating

8.5/10

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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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