Sports
- Gymnasium
- Swimming Pool
- Kids' Play Areas / Sand Pits
₹34.55 Lac - 82.20 Lac
₹11,400 Per Sq. Ft.
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.
View the latest price list for Shikara Estates Ii.
*Prices are indicative and subject to applicable charges and project terms.
Shikara Estates Ii's average asking price is rising quarter-on-quarter, compared with Old Panvel.
Shikara Estates Ii avg. price is ₹ 11.4 K/Sq.Ft. compared to Old Panvel at ₹ 14.1 K/Sq.Ft.
Get the latest price and market updates for Shikara Estates Ii.
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.
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.
A total of 4 residential transactions has been registered so far for Shikara Estates Ii, amounting to ₹ 2 Cr till August 2026.
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.
During Q2'2026, average property prices for Shikara Estates Ii moved from ₹ 8,300/sqft to ₹ 11,400/sqft, reflecting a 37.35% rise.
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.
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.
During Q1'2026, average property prices for Shikara Estates Ii moved from ₹ 7,400/sqft to ₹ 8,300/sqft, reflecting a 12.16% 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
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.
4 Sales Transactions Registered in Shikara Estates Ii From Sep 25 to Aug 26 at Avg. Price ₹ 7 k/Sq.Ft.
Transaction Period Sep 25 to Aug 26
Price:₹ 34.55 Lac
Price:₹ 64.08 Lac
Price:₹ 71.14 Lac
Price:₹ 72.17 Lac
Price:₹ 82.20 Lac
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.
Living here means you have a home with excellent road access, simplifying commutes and travel to nearby cities. Families will find a dedicated space for children to play, offering a convenient spot for daily activities. This project stands out for its strong connectivity to major highways, making it a practical choice for those prioritizing ease of movement.
Download master plan of Shikara Estates Ii to explore layout details in Old Panvel, Navi Mumbai.

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4 Sales Transactions Registered in Shikara Estates Ii From Sep 25 to Aug 26 at Avg. Price ₹ 7 k/Sq.Ft.
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.
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.