Just 10 active 3 BHK listings in Colaba — one for every 4 buyer enquiries Property Butler receives for this configuration in the locality. Asking prices span ₹5.5 Cr to ₹37 Cr, with median at ₹7.1 Cr. The massive range (6.7x) captures everything from a compact older-building 3 BHK in the back lanes to a Sea Kunal Waterfront Tower sea-facing duplex. Median PSF is ₹56,241 — low by South Mumbai branded-tower standards, reflecting the age and renovation status of most of Colaba's stock.
Colaba 3 BHK Market Snapshot — May 2026
- Active listings: 10 (extremely scarce)
- Price range: ₹5.5 Cr – ₹37 Cr
- Median ask: ₹7.1 Cr
- Median PSF: ₹56,241/sqft
- Carpet: 1,000–3,000 sqft
- Buildings: Sea Kunal Waterfront Tower, Veena Tower, Satnam Apartment, Lovedale Apartment
The Colaba 3 BHK Market Explained
At ₹5.5–8 Cr, the median Colaba 3 BHK is an older co-operative building flat with 1,000–1,400 sqft of carpet, solid heritage construction, and a neighbourhood that has been lived in rather than curated. These buildings predate Mumbai's current development cycle by 40–60 years — they have high ceilings, generous balconies, and in the best cases, Parsi colony-era quality that simply isn't available at any price in new construction.
The upper end — ₹20–37 Cr — is a fundamentally different product: Sea Kunal Waterfront Tower and similar boutique redevelopments where a sea-facing 3 BHK with modern interiors and a private lift lobby competes directly with Worli luxury at a premium Colaba address. These are collector assets.
| Building | Type | Asking Range | PSF |
|---|---|---|---|
| Sea Kunal Waterfront | Sea-facing, premium boutique | ₹20–37 Cr | ₹80,000–₹1,23,333 |
| Veena Tower | Mid-rise, partial views, maintained | ₹7–12 Cr | ₹55,000–₹70,000 |
| Satnam / Lovedale | Older CHS, renovation needed | ₹5.5–7 Cr | ₹35,000–₹55,000 |
Frequently Asked Questions
What is the price of a 3 BHK in Colaba in 2026?
Property Butler tracks 10 active 3 BHK listings in Colaba asking ₹5.5 Cr to ₹37 Cr. Median is ₹7.1 Cr at median PSF ₹56,241. The range captures older CHS buildings (₹5.5–8 Cr) through premium sea-facing boutique product (₹20–37 Cr).
How does Colaba 3 BHK compare to Cuffe Parade 3 BHK?
Cuffe Parade 3 BHKs (₹6.1–18.5 Cr, 61 listings) have more supply, newer buildings, and better amenities. Colaba's rarity means less choice but potential for stronger capital appreciation on scarce units. Colaba wins on character and walkability; Cuffe Parade on building quality and supply depth.
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