Real Estate Overview of Mazgaon, Mumbai

Mazgaon, a historic and densely populated section in Mumbai, features a rich variety of real estate that suits many budgets and tastes.

Property Prices

The real estate values in Mazgaon are quite high because of its prime spot and demand. The average price per square foot is roughly ₹27,848, with prices spreading from ₹5,000 to ₹41,666 per square foot.

Various Property Styles

Potential buyers have different property choices including apartments, standalone houses, and builder floors. You may find many residential developments such as Kapil Bayview, Alfa Mana Residence, P Square Ganga Avenue, and Sarkar Residency, among others. These projects offer configurations ranging from 1 BHK to 4 BHK and larger luxury residences.

Budget Segments

Properties in Mazgaon cater to multiple budgets:

• Affordable options begin at around ₹50 lakh for 1 BHK apartments.
• Mid-budget properties price from ₹1 crore to ₹2 crores.
• Luxury properties can shoot up to ₹5.5 crores for large, luxurious apartments.

Rental Options

For tenants, Mazgaon provides apartments with different rental options. You may find a 1 BHK flat rented around ₹40,000 per month, with typical deposits in the ₹3 lakhs range.

Market Trends

The real estate market in Mazgaon has noted a minor drop in property rates, a 0.11% decline over the past year. But it still stands as a good choice for buying and selling because of its location and high demand.

Amenities and Lifestyle

Known for its secure environment, Mazgaon is close to many amenities. It boasts well-established societies and famous builders, offering a stylish and modern lifestyle. Proximity to significant areas in Mumbai makes it appealing for both living and investment.

PropertyWala's Verdict

Looking at buying or renting a property in Mazgaon, Mumbai, this area presents an attractive mix of historical charm, modern amenities, and prime location. With a range of properties from affordable to luxury, it fits every budget and preference. Even with the slight recent decline in property rates, Mazgaon stays competitive in Mumbai's real estate market, making it a great pick for both personal use and investments.