232 Dhuleva By Rustomjee Developers

Girgaon, located in South Mumbai, is increasingly becoming a hotspot in Mumbai’s ongoing real-estate boom. Once known for its heritage chawls, narrow lanes, and proximity to Marine Drive and Chowpatty, it is now undergoing significant transformation driven by redevelopment. New high-rise residential projects are replacing older low-rise structures, and property rates have surged for residential properties in new developments, making Girgaon relatively more affordable than ultra-premium spots like Malabar Hill, but still very attractive for both end-users and investors. Rental demand has also risen due to displacement from redevelopment projects, pushing rents up significantly in many parts of South and Central Mumbai. The gap between Girgaon and adjoining premium neighborhoods is narrowing, thanks to improving infrastructure and amenities, leading many developers and homebuyers to see it as a strong bet for appreciation in the next few years.
Large-scale redevelopment is underway, most notably the 48-storey MMRC “G3 building” to rehabilitate Metro-3 affected residents and add both commercial and residential space.  Developers are targeting luxury buyers with high-end amenities, driving strong capital appreciation. South Mumbai real estate has seen price increases of 10-18 % over the past two years, especially for premium, sea-facing stock. As a result, Girgaon is increasingly viewed not just as a traditional chawl-and-chawl neighbourhood, but as a high-demand address for investors, professionals, and end-users seeking centrality, heritage value and long-term appreciation.