New Launch - India Real Estate Report 2026.

Mahim

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Avg. Rate

25,000/sq. ft

Locality rating icon

Locality Rating

8.9/10

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.

Region

South Mumbai

City

Mumbai

District

Mumbai

State

Maharashtra

Pincode

400016

Population

1,20,000

Schools

5

Nearest Airport

Chhatrapati Shivaji Maharaj International Airport (BOM)

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The Good

Mahim's proximity to major employment hubs like Bandra Kurla Complex and Peninsula Business Park, coupled with its excellent connectivity to commercial centers across Mumbai, makes it an ideal choice for professionals and businesses seeking convenience and accessibility.

rom top-tier educational institutions and healthcare facilities to renowned shopping destinations and recreational spaces, Mahim boasts a comprehensive range of amenities, ensuring a high quality of life for its residents.

Locality price index icon

The Bad

Mahim may experience traffic congestion.

MahimNear Mahim, South Mumbai, South Zone, Mumbai
Mahim KoliwadaNear Mahim, South Mumbai, South Zone, Mumbai
Sitaladevi TempleNear Mahim, South Mumbai, South Zone, Mumbai

Aurum Price Index for Mahim

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

25,000/sq. ft

Average Price Range

12,80048,700

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

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Dadar

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.

Avg. Rate

21,791/sq. ft

Locality Rating

9.5/10

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Sion

Sion, located in the heart of Mumbai’s South Zone, has long served as a pivotal junction between the city’s northern and southern regions. Historically, it marked the boundary between Mumbai and Salsette Island during the 17th century, with the iconic Sion Fort—also known as Sheevon Killa—built by the British in 1677 standing as a testament to its strategic significance. Over time, Sion evolved from a colonial-era gateway into a densely populated, well-connected urban hub that blends heritage structures with modern residential and commercial development. Today, Sion is a thriving residential and transit hotspot, offering a mix of high-rise apartments, affordable housing, and premium real estate. The locality enjoys strong connectivity via the Central Railway line, Eastern Express Highway, and the upcoming Mumbai Metro Line 6 (Pink Line), making it a preferred choice for professionals and families alike. Its real estate market is robust, with an average 2BHK price of ₹2.26 crore and a per-square-foot rate of ₹34,055, reflecting steady demand. Beyond infrastructure, Sion is enriched with cultural and civic amenities, including ancient temples like the Sion Hanuman Mandir, colonial-era St. Anthony's Church, and major healthcare institutions such as Sion Hospital and K.J. Somaiya Hospital. With educational powerhouses like SIES College and proximity to business districts, Sion offers a balanced urban lifestyle, though limited green spaces remain a challenge in this densely built-up area.

Avg. Rate

17,464/sq. ft

Locality Rating

9.4/10

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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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