New Launch - India Real Estate Report 2026.

Prabhadevi

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Avg. Rate

37,177/sq. ft

Locality rating icon

Locality Rating

7.8/10

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.

Region

South Mumbai

City

Mumbai

District

Mumbai

State

Maharashtra

Pincode

400025

Population

45,000

Schools

5

Nearest Airport

Chhatrapati Shivaji Maharaj International Airport (BOM)

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The Good

Prabhadevi offers a peaceful residential environment with modern amenities and proximity to essential facilities.

The presence of the Siddhivinayak Temple adds to the cultural richness and spiritual aura of the neighbourhood.

Being centrally located between Dadar and Worli, Prabhadevi enjoys convenient access to major hubs and amenities in Mumbai.

Locality price index icon

The Bad

Absence of quick connectivity to local train station.

JakhadeviNear Prabhadevi, South Mumbai, South Zone, Mumbai
PrabhadeviNear Prabhadevi, South Mumbai, South Zone, Mumbai
Sant Rohidas ChowkNear Prabhadevi, South Mumbai, South Zone, Mumbai
Siddhivinayak MandirNear Prabhadevi, South Mumbai, South Zone, Mumbai

Aurum Price Index for Prabhadevi

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

37,177/sq. ft

Average Price Range

19,05072,450

Trend (5Y)

57.9%

Nearby Neighborhoods

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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Worli

Worli, a prestigious neighborhood in South Mumbai, stands as a symbol of urban luxury and historical significance. Once one of the Seven Islands of Bombay, Worli has evolved from a coastal village into a high-end residential and commercial hub, seamlessly connected to the city's core. Its transformation is marked by the iconic Bandra-Worli Sea Link, which not only enhances connectivity but also defines the skyline with its sweeping cable-stayed design. The area boasts some of Mumbai's most exclusive real estate, with ultra-luxurious high-rises like Lodha World One, Trump Towers, and The World Tower offering panoramic sea views and world-class amenities. With an average 2BHK price of ₹3.77 crore and a per-square-foot rate of ₹46,601, Worli ranks among the most expensive residential markets in India, attracting affluent buyers and investors. Worli enjoys strategic connectivity via road, rail, and upcoming metro infrastructure, making it accessible to business districts like Lower Parel, Nariman Point, and Bandra Kurla Complex. It is surrounded by cultural and recreational landmarks including Haji Ali Dargah, Nehru Planetarium, and Worli Fort, while institutions like DY Patil International School and Podar Hospital ensure quality lifestyle infrastructure for residents.

Avg. Rate

59,943/sq. ft

Locality Rating

8.2/10

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Lower Parel

Lower Parel, located in South Mumbai with PIN code 400013, is a dynamic blend of residential, commercial, and industrial activity. Once an industrial heartland during Mumbai’s textile era, it has transformed into a premium urban hub known for high-rise developments, corporate offices, and upscale living. Its strategic position between Naigaon, Worli, Sewri, and Chinchpokli makes it a central node in the city’s economic and social fabric. The area has undergone rapid gentrification, attracting young professionals and investors alike. Connectivity in Lower Parel is exceptional, with the Western and Central Railway lines just a 5-minute walk away, and the Monorail station at nearby Chinchpokli offering seamless access to the city’s transit network. Proximity to the Eastern Express Highway and the Bandra-Worli Sea Link ensures swift commutes to key business districts like Nariman Point, Bandra Kurla Complex (BKC), and Colaba. This robust infrastructure supports both daily commuters and intercity travelers. The real estate market in Lower Parel is premium, with an average 2BHK property priced at approximately Rs. 3.1 crore and average price per sq. ft. at Rs. 54,867. Among the 27 active projects in the area, developments like Peninsula Corporate Park, One Indiabulls Centre, and Urmi Estate exemplify modern, sea-facing skyscrapers with upscale amenities. The presence of luxury malls such as High Street Phoenix and Palladium Mall enhances lifestyle appeal, making it a sought-after destination for both living and investment.

Avg. Rate

35,185/sq. ft

Locality Rating

8.5/10

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Parel

Parel, located in South Mumbai’s prime South Zone, is a dynamic locality that seamlessly blends industrial heritage with modern urban living. Once home to bustling textile mills, Parel has transformed into a sought-after residential and commercial hub, offering a mix of redeveloped mill land projects and established neighborhoods. Its strategic position near the Eastern Express Highway ensures smooth access to key business districts like Lower Parel, Worli, and South Mumbai, while proximity to major transit points enhances its appeal for professionals and families alike. The area is renowned for cultural landmarks such as the iconic Lalbaugcha Raja Ganpati temple, one of Mumbai’s most visited Ganesh idols during the Ganesh Chaturthi festival, drawing devotees and tourists annually. Former mill sites have been redeveloped into high-rise residential towers and mixed-use complexes, contributing to Parel’s evolving skyline. With 47 active real estate projects and an average 2BHK price of ₹2.36 crore, Parel caters to mid-to-high-end buyers seeking premium homes in a well-connected locale. Residents benefit from a robust infrastructure of schools, hospitals, shopping centers, and dining options within close reach. Connectivity is further strengthened by nearby railway stations and upcoming metro lines, making daily commutes efficient. Despite rising property prices — averaging ₹38,491 per sq ft — Parel remains a top choice for those prioritizing location, safety, and lifestyle amenities in central South Mumbai.

Avg. Rate

24,633/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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