Shikara Estates Ii Old Panvel, Navi Mumbai
₹34.55 Lac - 82.20 Lac
₹11,401 Per Sq. Ft.
Square Yards experts are actively closing deals
About Shikara Estates Ii, Old Panvel by Shikara
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.
- Stephin International High School is just 2.60 km away, making it an ideal choice for families with children.
- Suprabha Ayurved Hospital is 2.84 km away, ensuring timely medical attention in case of an emergency.
- Panvel Post Office is 3.31 km away, providing a convenient connection to the city.
- Hotel Mahalaxmi is 2.59 km away, perfect for guests and visitors.
- D Mart New Panvel is 3.82 km away, offering a range of shopping and dining options.
- Parth Solitaire is 6.44 km away, offering a hub for business and entrepreneurship.
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.
Shikara Estates Ii Floor Plans and Pricing
2 BHK Apartment - 562 sq. ft. (Carpet Area)
2 BHK Apartment - 624 sq. ft. (Carpet Area)
coming soon
2 BHK Apartment - 633 sq. ft. (Carpet Area)
3 BHK Apartment - 721 sq. ft. (Carpet Area)
Government Registrations in Shikara Estates Ii
4 Sales Transactions Registered in Shikara Estates Ii From Nov 25 to Oct 26 at Avg. Price ₹ 9.6 k/Sq.Ft.
No Square Yards registrations available for this project yet.
Shikara Estates Ii Price Trends and Market Insights
Price Trends
Shikara Estates Ii's average asking price is stable quarter-on-quarter, compared with Old Panvel.
- Current asking price
- ₹ 11,400/sq.ft.
Comparable Projects
Shikara Estates Ii avg. price is ₹ 11.4 K/Sq.Ft. compared to Old Panvel at ₹ 15.1 K/Sq.Ft.
Recent Updates
Get the latest price and market updates for Shikara Estates Ii.
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A total of 4 residential transactions has been registered so far for Shikara Estates Ii, amounting to ₹ 2 Cr till October 2026.
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Panvel-Karjat Corridor Nears Completion, MRVC Accelerates Mumbai Rail Upgrades
Mumbai Railway Vikas Corporation (MRVC) has made significant progress on suburban rail projects. The Panvel-Karjat New Suburban Corridor is nearing completion, The Virar-Dahanu Road Quadrupling Project is progressing fast. Signalling and telecommunication works have been commissioned at Kelve Road station.
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Navi Mumbai International Airport to Strengthen Cargo Operations Amidst Mumbai Airport Upgrades
Navi Mumbai International Airport is emerging as a crucial alternative for cargo operations as Mumbai Airport undergoes runway and taxiway upgrades, leading to a temporary suspension of its freighter services. Airlines like Cathay Cargo, Air France, and Lufthansa Cargo are exploring or confirming shifts to Navi Mumbai.
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International Flights to Begin from Navi Mumbai Airport on July 15
Navi Mumbai International Airport will commence international passenger and cargo operations from July 15, 2026. Airlines such as Air India Express and IndiGo are slated to operate international flights from the Adani Group-owned facility.
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During Q2'2026, average property prices for Shikara Estates Ii moved from ₹ 8,300/sqft to ₹ 11,400/sqft, reflecting a 37.35% rise.
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CIDCO Initiates Bidding for Navi Mumbai Logistics Park
CIDCO has launched the bidding process for the first phase of a 925-acre Integrated Logistics Park (ILP) at Pushpak Node, Navi Mumbai. This is expected to be one of the largest logistics infrastructure projects in the Mumbai Metropolitan Region. The first phase involves leasing approximately 174 acres near Chirle village.
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Navi Mumbai Inaugurates Flyover Linking Palm Beach Road To Sion-Panvel Highway
A new arm flyover connecting Palm Beach Road to the Sion-Panvel Highway was inaugurated in Vashi Sector 17. This 290-meter flyover, built by the Navi Mumbai Municipal Corporation (NMMC) at a cost of ₹18.32 crore, provides a direct route for commuters traveling towards Pune. It is expected to significantly ease traffic congestion and reduce travel time by 10-15 minutes, eliminating the need for detours via Sanpada. The project addresses a key gap in Navi Mumbai's road network, improving connectivity and overall planning.
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During Q1'2026, average property prices for Shikara Estates Ii moved from ₹ 7,400/sqft to ₹ 8,300/sqft, reflecting a 12.16% rise.
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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
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Navi Mumbai Metro Line 8 Alignment Finalized to Link Airports
The alignment for Navi Mumbai Metro Line 8 has been finalized, aiming to create a direct metro connection between Chhatrapati Shivaji Maharaj International Airport (CSMIA) and the upcoming Navi Mumbai International Airport (NMIA). The metro will pass through Vashi, Sanpada and Juinagar along the Sion–Panvel Highway.
Govt. Registrations
4 Sales Transactions Registered in Shikara Estates Ii From Nov 25 to Oct 26 at Avg. Price ₹ 9.6 k/Sq.Ft.
Transaction Period Nov 25 to Oct 26
Master Plan, Photos, Videos & Brochure of Shikara Estates Ii
Explore the master plan, project photos and walkthrough videos of Shikara Estates Ii to understand the overall layout, tower placement, amenities, landscaped spaces and key highlights before making your buying decision.
Master Plan 1
- Shikara Estates Ii is a residential development in Navi Mumbai that offers a practical setup focused on essential daily comforts. The property provides a structured environment where residents can enjoy a straightforward lifestyle close to key transit routes.
- Around 15%-25% of the plot is green, anchored by the Garden, so residents have a dedicated pocket of nature to enjoy right outside their homes.
- The open area covers 25%-40% of the plot, giving residents extra room to move around and enjoy outdoor activities outside the built-up zones.
- Between 30%-45% of the plot is built on, which leaves a fair amount of breathing room between the structures so that homes receive adequate natural light and ventilation.
- Matheran Road and the Mumbai-Pune Expressway are located right next to the property, making daily commutes and regional travel highly efficient for residents.
- A Children's Play Area is integrated within the grounds to give young residents a safe and dedicated space for outdoor play.
- The north-facing residential block stands parallel to the Panvel-Matheran Highway, leaving space for fresh air.
- The southern block forms a large hook shape that wraps around the central parking zone.
- Clear separation between the northern and southern blocks prevents homes from blocking each other's natural daylight.
- Residents in the northern block can walk directly to the southern play zone without crossing any main roads.
- Homes in the southern block sit just steps away from the central open lawn for quick outdoor access.
- Every doorway connects directly to the ground-level this amenity spaces, making loading and unloading cars very simple.
- Homes facing the Panvel-this area will experience more road noise than those facing the inner courtyard.
- The angled wings of the southern block are positioned to prevent direct window-to-window views between neighboring flats.
- A wide this amenity strip separates the northern block from the main road, reducing direct traffic noise.
- Wide gaps between the two main blocks allow wind to flow freely from the north to the south.
- Flats on the outer edges enjoy open views of this area instead of looking directly at other buildings.
- The open-loop shape of the southern block ensures that inner-facing rooms receive plenty of daylight throughout the day.
- Footpaths run alongside the internal road, keeping people walking safely separated from moving cars.
- A straightforward path connects the northern block directly to the main exit on the north side.
- The central this amenity loops around the southern block, allowing cars to navigate the property without tight turnarounds.
- The main play zone is placed at the quiet southern end, far away from the busy highway traffic.
- Flat walking paths around the southern landscaped zone offer a safe space for older residents to stroll.
- Ground-level access to all main pathways near the northern block ensures that strollers can move around without facing steps.
- A triangular green patch sits south of the northern block, acting as a natural buffer between the structures.
- A long strip of grass runs along the northern boundary, softening the edge near the highway.
- Landscaped borders are concentrated on the southern and eastern edges, keeping the center clear for daily movement.
- Cars enter from the northern side, moving directly into the open this amenity bays situated in the center.
- Surface this amenity slots are distributed along the central this amenity, offering quick this amenity right outside each lobby.
- The single entry point connects to a wide this amenity, preventing bottlenecks when cars arrive or leave.
- The smart separation of quiet residential wings from the active central this amenity makes this a very peaceful place.
- Having open green views on the outer edges provides a refreshing sense of space in this area.
- The simple, open structure of the southern block ensures that every home enjoys excellent natural airflow and bright daily sunlight.
Living here means enjoying a highly practical lifestyle where daily travel is simplified by immediate highway access. Families benefit from dedicated outdoor spaces where kids can play safely close to home. This project stands out as an accessible and functional residential choice in a rapidly growing corridor.
Download master plan of Shikara Estates Ii to explore layout details in Old Panvel, Navi Mumbai.
Amenities & Specifications of Shikara Estates Ii
Sports
- Gymnasium
- Swimming Pool
- Kids' Play Areas / Sand Pits
Convenience
- Power Backup
- Lift
Safety
- 24 x 7 Security
- Intercom Facility
Leisure
- Party Hall
- Indoor Games
Environment
- Normal Park / Central Green
Specifications
- 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
Location and Connectivity Around Shikara Old Panvel

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Trust & Verification
RERA Details of Shikara Estates Ii
P52000080638
Shikara Estates Phase - II
Rera Url:
- Square Yards RERA Reg. A51800000454
How does Shikara Estates Ii compare with similar projects?
Shikara Track Record
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 as the major factor in creating wonders in whatever we do.
Frequently Asked Questions About Shikara Estates Ii
The project offers a range of unit options, including 1 BHK, 2 BHK, and 3 BHK apartments, with area sizes ranging from 600 sq. ft. to 1366 sq. ft.
The project is strategically located near Matheran Road, making it easily accessible and well-connected to various parts of the city.
The project provides a range of modern amenities, including a gymnasium, power backup, 24x7 security, party hall, and a normal park.
Shikara Estates II is developed by Shikara, a renowned real estate developer with a track record of delivering quality projects and numerous projects under their belt.
The prices for units in Shikara Estates II start from 27.00 Lac for a 1 BHK apartment, with 2 BHK and 3 BHK apartments priced at 46.80 Lac and on request, respectively.
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.