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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.

Bid is a dense residential neighborhood in South Mumbai bordering Dongri, Mazgaon, and Bhendi Bazaar. The pin code of Bid is 400008. This neighborhood has a traditional commercial character with multi-storey apartments housing working-class families near the JJ Flyover. Residents study at Grant Government Medical College and seek healthcare at JJ Hospital Mumbai. CSMT Metro Station on the Aqua Line 3 is the nearest metro station at 3 km. Mohammad Ali Road links the area to Sandhurst Road Railway Station in 8 minutes. The 2026 average property rate ranges from Rs. 22,000 to Rs. 28,000 per sq ft for compact apartments, driven by local commercial market access.
| Locality | Property Price per sq ft* |
|---|---|
| Bid mumbai | Rs. 22,000 to Rs. 28,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 25,000 to Rs. 32,000 |
| 2 BHK for rent | Rs. 38,000 to Rs. 45,000 |
| 3 BHK for rent | Rs. 50,000 to Rs. 60,000 |
Bid represents a highly dense residential market in South Mumbai with stable property values. The buyer market experienced a 0.0% growth rate over the past year, maintaining a steady average rate of Rs. 22,000 to Rs. 28,000 per sq ft. Conversely, the rental market showed strong demand with a 6.5% appreciation, pushing monthly rents to range between Rs. 25,000 and Rs. 60,000 depending on the configuration. This steady rental growth is driven by being near major commercial districts in South Mumbai, making it a preferred choice for working professionals. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
JJ Hospital Mumbai is a prominent landmark in Bid. Some more include:
Bid is well-connected through Mohammad Ali Road and the following roads:
CSMT Metro Station on the Aqua Line 3 is the closest public transit option, located 3 km away. Some more include:
The nearest railway station and airport are Sandhurst Road Railway Station, which is located 1 km away, and others:
Bid is well-equipped with numerous top educational institutions, such as Grant Government Medical College and M.H. Saboo Siddik College of Engineering, along with:
Some reputed healthcare places near Bid include JJ Hospital Mumbai, and others:
You can access High Street Phoenix and Palladium Mall easily from Bid mumbai. Some more include:
These localities are located around Bid:
Here are some of the major employment centres near Bid:
The popular landmarks within Bid are:


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Aavishkaar Realty has been been one of the most premium real estate developer in India since its inception. It has firmly established itself as one of the leading and successful developers of real estate in India by imprinting its mark across all the classes. With years of market experience and a rich bag of clients, it has provided its customers a rich living experience with the best housing infrastructure.
