Just 7 active 3 BHK rentals in Nariman Point — one of the smallest rental markets in South Mumbai for this configuration. Monthly rents run from ₹22,500 to ₹45,000, reflecting the genuinely old and mostly unrenewed housing stock here. Nariman Point is primarily a commercial address; the residential component is small, dominated by pre-1980 buildings where flats are typically very large by Mumbai standards (1,200–2,100 sqft carpet) but dated in fitout.
Nariman Point 3 BHK Rental Snapshot — May 2026
- Active rentals: 7
- Monthly rent: ₹22,500 – ₹45,000
- Carpet: 1,200–2,100 sqft (generously large)
- Key buildings: Shanti Kutir, Dilkush Apartment, Buena Vista, Ivanhoe, Sita Kunj
- Building age: Predominantly 1960s–1980s
- Best for: End-users who want value + address; not for those prioritising modern amenities
The Nariman Point Residential Anomaly
Nariman Point rents at ₹22,500–₹45,000/month for a 3 BHK are paradoxically low for the address — less than comparable carpet in Dadar East or even parts of Andheri. The reason: most of Nariman Point's residential buildings are ageing, with outdated electrical systems, limited parking, and no modern amenities. Landlords cannot command premium rents because the buildings don't support them. For tenants, this is an unusual arbitrage: a Nariman Point address (Marine Drive, the High Court, the stock exchange as neighbours) at Dadar prices.
This situation will change. Several Nariman Point residential buildings are in redevelopment discussions. When the next cycle of reconstruction arrives, rents and prices here will reset sharply upward. Early buyers and long-tenure tenants here have historically benefited from that transition.
| Building | Carpet | Monthly Rent |
|---|---|---|
| Buena Vista / Ivanhoe | 1,800–2,100 sqft | ₹35,000–₹45,000 |
| Shanti Kutir / Dilkush | 1,400–1,800 sqft | ₹25,000–₹35,000 |
| Sita Kunj / older stock | 1,200–1,500 sqft | ₹22,500–₹28,000 |
Frequently Asked Questions
What is the rent for a 3 BHK in Nariman Point in 2026?
Property Butler tracks 7 active 3 BHK rentals in Nariman Point from ₹22,500 to ₹45,000/month. Carpets are generous (1,200–2,100 sqft). Buildings are pre-1980 and largely unrenovated — the value proposition is address and space, not amenities.
Why are Nariman Point rents so low compared to Colaba or Cuffe Parade?
Nariman Point's residential buildings are predominantly 50–60 years old with no major renovations. No parking, dated infrastructure, and limited society amenities mean landlords can't command Colaba-level rents despite the superior commercial address. Colaba's buildings are similarly old but in more demand due to Colaba's stronger lifestyle identity. The gap will narrow as Nariman Point buildings redevelop.
Related Reading
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