A total of 5 residential transactions has been registered so far for Shikara Estates Ii, amounting to ₹ 2 Cr till May 2026.

Shikara Estates II, a premier residential project located in Old Panvel, offers a harmonious blend of luxury and convenience. Strategically situated off Matheran Road, this property is well-connected to the nearby areas, making it an ideal choice for those seeking a peaceful yet accessible living experience. With its modern amenities and well-planned infrastructure, Shikara Estates II is poised to become the epitome of comfort and sophistication.
The project features thoughtfully designed 1, 2, and 3 BHK apartments, each carefully crafted to provide ample space and natural light. The apartments boast of comfortable areas ranging from 600 to 1366 square feet, making them perfect for families and individuals alike. With prices starting from 27.00 Lac for the 1 BHK units, Shikara Estates II offers a range of options to suit various budgets. The project features a gymnasium, power backup, and other modern amenities to ensure a comfortable and convenient lifestyle.
Whether you re looking for a peaceful retreat or a vibrant community, Shikara Estates II has something for everyone. The project s proximity to Matheran Road and other connecting roads makes it easy to access the nearby areas. With its prime location and excellent connectivity, Shikara Estates II is an investment that will yield long-term benefits. Join the esteemed community of Shikara Estates II and experience the best of luxury living in Old Panvel.
Available Unit OptionsThe following table outlines the available unit options at Shikara Estates II:
| Unit Type | Area (Sq. Ft.) | Price (Rs.) |
| 1 BHK Apartment | 600 | 27.00 Lac |
| 2 BHK Apartment | 1040 | 46.80 Lac |
| 2 BHK Apartment | 1070 | 48.15 Lac |
| 3 BHK Apartment | 1324 | 59.58 Lac |
| 3 BHK Apartment | 1366 | On Request |
The residential property is strategically located near several notable landmarks, providing residents with easy access to essential amenities and services. These landmarks not only enhance the quality of life for residents but also offer a unique blend of convenience and comfort.
Recent analysis of government-registered transactions reveals a surprising trend in the local real estate market, with a single sales transaction worth 4.9 crores emerging as the standout feature of the past three months. This significant sale has pushed the current rate to 8,235, with no fluctuations observed over the past six months. Interestingly, this trend continues even when examining the market over the past year, with the same transaction dominating the sales landscape. This lack of movement in sales transactions and prices suggests a stable market with limited activity, making it an ideal time for buyers to enter the market and snap up a deal.
A total of 5 residential transactions has been registered so far for Shikara Estates Ii, amounting to ₹ 2 Cr till May 2026.
During Q1'2026, average property prices for Shikara Estates Ii moved from ₹ 7,400/sqft to ₹ 8,150/sqft, reflecting a 10.14% rise.
Structural Works reach 51% completion. External Works has reached 100%. Internal finishing stands at 100%. MEP Services including lift and staircases, are now 100% done
During Q4'2025, average property prices for Shikara Estates Ii moved from ₹ 6,750/sqft to ₹ 7,400/sqft, reflecting a 9.63% rise.
SHIKARA ESTATES PHASE - II, developed by Shikara Constructions Pvt. Ltd., officially launched on 23-Jun-2025 and expected to complete by 31-Dec-2028. Registered under RERA No. P52000080638. The project comprises 7 towers and offers 99 residential units, including 1 BHK, 2 BHK, 3 BHK, with unit sizes ranging from 291 to 786 Square feet across a total area of 1.63 Acre.
Shikara Estates Ii, located in Old Panvel, presents a master plan featuring residential blocks, green spaces, and dedicated parking. The precise total land area, number of units, or number of towers are not specified in this plan, nor are the project launch and completion dates visible.
The master plan primarily designates land for residential purposes, consisting of multiple blocks of buildings. Adjacent to these residential structures are clearly defined green spaces, suggesting landscaped areas for residents. A dedicated parking zone is also integrated into the layout. The exact units per acre are not indicated.
| Master Bedroom-Walls | Oil Bound Distemper |
| Master Bedroom-Flooring | Vitrified Tiles |
| Other Bedrooms-Flooring | Vitrified Tiles |
| Walls | Oil Bound Distemper |
| Living Area-Flooring | Vitrified Tiles |
| Structure | RCC Frame Structure |
Download master plan & walkthrough video of Shikara Estates Ii to explore layout and virtual tour in Old Panvel, Navi Mumbai.
Insights based on nearby schools, healthcare, connectivity, workplaces and everyday infrastructure.
Families with school-going children may benefit from multiple education options nearby, helping reduce long daily commutes and making regular drop-offs more convenient.
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Connecting Roads - Shikara Estates Ii
Shikara Constructions Pvt. Ltd. a group of Nukem Hotels & Resorts Pvt. Ltd. Shikara, first Three Star hotel of Navi Mumbai since 1992, a pioneer name in the field of Hospitality, is a name for faith confided in human potential for creating brilliants structures for better living. Since 2002 the group has been consistently exploring new avenues in terms of Real Estates. We as an organization, have always focused teamwork
This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.
*Real Estate (regulation & development) act 2016.