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Property Rates in Bhakti Park, Mumbai

Comprehensive Market Snapshot

The Bhakti Park real estate market in Mumbai demonstrates dynamic activity, with current asking prices averaging ₹36,632 per sq ft. Recent quarterly trends show notable price fluctuations, indicating an evolving market landscape for investors and homebuyers. Property transactions reflect a robust market, with 123 registered deals totaling ₹218 Cr, primarily driven by apartment sales. The market features a diverse mix of ready-to-move, well-occupied, and under-construction properties, with Ajmera emerging as a key developer, contributing significantly to the transaction volume.

  • Asking Sale Price₹ 36,632 /sq.ft
  • Govt. Registration Prices₹ 23,218 /sq.ft
  • Insights
  • Price Trends
  • Project and Developer Insights
  • Government Registrations
  • Recent Transactions
  • Other Property Rates

Insights for Bhakti Park, Mumbai Real Estate Market

The Bhakti Park real estate market in Mumbai presents a compelling picture for potential investors and residents, characterized by its average asking price of ₹36,632 per sq ft. Analysis of quarterly price trends reveals a significant upward movement from March 2025 to June 2025, reaching ₹37,500 per sq ft, followed by slight adjustments in subsequent quarters, indicating a responsive market. Compared to neighboring areas, Bhakti Park's asking price is competitive, positioned above Sion and Chunabhatti, yet offering a more accessible entry point than premium localities like Matunga or Wadala. The market is predominantly shaped by the apartment segment, which maintains an average price of ₹36,632 per sq ft and has seen a 3.67% change. Property status distribution shows a healthy mix, with 21 ready-to-move units available at an average of ₹31,144 per sq ft, while under-construction projects command a higher price of ₹37,596 per sq ft, signaling future growth potential. Top projects like Cosmic Heights and Bolivian Alps are leading in transaction volumes, while Ajmera Aeon and Ajmera Manhattan command the highest listing rates. Government registration data for April 2025 to March 2026 highlights 123 transactions with a gross value of ₹218 Cr, and an average registered rate of ₹23,200 per sq ft, underscoring strong buyer confidence. Developer activity is notably led by Ajmera, with 10 recorded transactions, showcasing their dominant presence in the locality.

Market Strengths Market Strengths
  • Bhakti Park's asking price of ₹36,632 per sq ft offers a competitive option compared to higher-priced neighboring localities like Matunga.
  • The market exhibits robust transaction activity, with 123 registered transactions totaling ₹218 Cr, signaling strong buyer confidence and liquidity.
  • The presence of a dominant developer like Ajmera, leading in transactions, indicates a stable and well-organized development landscape.
  • Quarterly price trends show significant growth from March to June 2025, reaching ₹37,500 per sq ft, demonstrating the market's capacity for appreciation.
  • A healthy mix of property statuses, including ready-to-move and under-construction, caters to diverse buyer preferences and investment horizons.
  • Specific projects like Cosmic Heights show impressive price appreciation (+15.96%), indicating high-performing assets within the locality.
  • The market is primarily composed of apartments, offering a focused and potentially more predictable investment segment.
Market Challenges Market Challenges
  • The absence of average rental rate data makes it difficult to assess the market's rental yield potential for buy-to-let investors.
  • Ready To Move and Well Occupied properties have seen price declines of -8.09% and -7% respectively, suggesting potential oversupply or reduced immediate demand in these segments.
  • Some premium projects by listing rates, such as Ajmera I Land Treon and Ajmera I Land Zeon, have experienced significant price drops of -10.26% and -16.84% respectively, indicating potential valuation adjustments.
  • The registered rate of ₹23,200 per sq ft is significantly lower than the average asking price of ₹36,632 per sq ft, highlighting a potential negotiation gap or premium being sought by sellers.
  • The limited number of units (4) in under-construction projects might restrict choices for buyers seeking newer inventory with future appreciation.
Investment Opportunities Investment Opportunities
  • Consider under-construction projects like those averaging ₹37,596 per sq ft, which, despite a minor recent dip, typically offer higher appreciation potential upon completion compared to ready-to-move options.
  • Explore projects from Ajmera, the leading developer by transactions, as their market presence suggests reliability and buyer trust, potentially leading to stable returns.
  • Invest in apartments, the dominant property type, given their consistent average price of ₹36,632 per sq ft and a positive 3.67% change, indicating stable demand.
  • Look into specific projects like Cosmic Heights (₹28,550 per sq ft, +15.96%) which have shown strong recent price appreciation and transaction volume.
  • Analyze areas like Antop Hill, a neighboring locality with a significant 14.84% change, for potential spillover growth or comparative value.
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Property Price Trends in Bhakti Park, Mumbai

Asking Price Trends

Bhakti Park's property market has experienced notable price shifts over recent quarters. The average location rate stood at ₹27,346 per sq ft in March 2025, witnessing a significant surge to ₹37,500 per sq ft by June 2025. Following this peak, there was a slight adjustment to ₹35,269 per sq ft in September 2025, before stabilizing at ₹35,335 per sq ft in December 2025. This trend indicates a strong growth phase followed by a period of consolidation, suggesting a maturing market.

Quarter City Rate
Dec 2025 35335
Sep 2025 35269
Jun 2025 37500
Mar 2025 27346
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Price Trends by Property Type

The Bhakti Park real estate market primarily features apartments, which currently average ₹36,632 per sq ft. This segment has shown a positive change of 3.67%, reflecting consistent demand and value appreciation. With no other property types listed, apartments remain the cornerstone of the residential market here, catering to a wide range of homebuyers and investors.

Type Rate (₹/sq.ft) Change %
Apartment 36,632 3.67
Price Trends by Project Status

The Bhakti Park market offers properties across various development stages, catering to different buyer timelines and investment strategies. Ready To Move units, comprising 21 properties, average ₹31,144 per sq ft, though they have seen an 8.09% decrease. Under Construction projects, with 4 units, command a higher average of ₹37,596 per sq ft, despite a minor 1.84% decline, indicating future appreciation potential. Additionally, 5 well-occupied units are available at ₹26,683 per sq ft, showing a 7% reduction in average price.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 26 30,286 -7.88
Under Construction 4 37,596 -1.84
Price Trends by Localities

Real estate rates in Bhakti Park, currently at an asking price of ₹36,632 per sq ft, position it competitively within Mumbai's central suburbs. While areas like Matunga and Matunga East command significantly higher rates, averaging around ₹49,000 per sq ft, Bhakti Park offers a more accessible premium alternative. Notably, it is priced higher than Sion East (₹28,588 per sq ft) and Chunabhatti (₹26,777 per sq ft). Meanwhile, its rates are comparable to Wadala, which averages ₹37,433 per sq ft, indicating its strong market standing relative to well-established neighborhoods.

Location Rate (₹/sq.ft) Change %
Antop Hill 34,908 14.8
Sion East 28,588 -0.3
Chembur 32,519 0.7
Sion 28,441 -1.2
Sion West 31,746 -
Matunga East 48,987 2.7
Wadala 37,433 5.7
Chunabhatti 26,777 4.6
Matunga 49,125 0
Wadala East 33,422 1.8

Project and Developer Insights

Top Projects in Bhakti Park
Purva Clermont is the top project in Bhakti Park with prices from ₹ 2.46 Cr to 4.61 Cr.
Purva Clermont ₹ 2.45 Cr - ₹ 4.60 Cr
  • Mumbai Harbour, Mumbai
JP Icons 71 ₹ 4.58 Cr - ₹ 7.57 Cr
  • Mumbai Harbour, Mumbai
Piramal Aranya ₹ 3.99 Cr - ₹ 15.71 Cr
  • Mumbai Harbour, Mumbai
Chandak Highscape City ₹ 1.4 Cr - ₹ 3.07 Cr
  • Mumbai Harbour, Mumbai
Piramal Aranya Ahan ₹ 3.38 Cr - ₹ 5.07 Cr
  • Mumbai Harbour, Mumbai
Shapoorji Pallonji The Canvas Residences ₹ 2.75 Cr - ₹ 3.60 Cr
  • Mumbai Harbour, Mumbai
Ruparel Vivanza ₹ 1.62 Cr - ₹ 4.16 Cr
  • Mumbai Harbour, Mumbai
Paradigm 71 Midtown ₹ 1.12 Cr - ₹ 1.93 Cr
  • Mumbai Harbour, Mumbai
Godrej Sky Terraces ₹ 7.8 Cr - ₹ 11.22 Cr
  • Mumbai Harbour, Mumbai
L And T The Gateway ₹ 7.2 Cr - ₹ 12.61 Cr
  • Mumbai Harbour, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Bhakti Park are setting high benchmarks for asking prices. Leading the segment, Ajmera Aeon is priced at ₹42,616 per sq ft, reflecting a 5.71% increase and showcasing its luxury positioning. Ajmera Manhattan follows closely at ₹40,383 per sq ft, with a 2.77% rise. Other significant projects like Ajmera I Land Treon and Ajmera Bhakti Park Sector III and IV are both listed around ₹39,868 per sq ft, despite experiencing some price adjustments. These top-tier developments collectively define the aspirational segment of the market.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
Ajmera Aeon 42,616 5.7
Ajmera Manhattan 40,383 2.8
Ajmera I Land Treon 39,868 -10.3
Ajmera Bhakti Park Sector Iii And Iv 39,868 -10.7
Ajmera Zeon 38,646 -13.4
Null 38,646 -13.4
Ajmera I Land Zeon 37,113 -16.8
Ajmera I Land Aeon 36,808 -17.5
Ajmera Treon 36,174 2.5
Ivory Towers Chs Ltd 31,900 -
Project Name Current Price (₹/sq.ft) Sale Value Change %
Bolivian Alps 20,649 ₹ 8.04 Cr 0.6
Cosmic Heights 28,550 ₹ 5.83 Cr 16
Mount Everest 27,804 ₹ 4.44 Cr -
Ajmera Cosmic Heights 27,299 ₹ 3.49 Cr 1.4
Mount Alps 27,834 ₹ 3.3 Cr 8.8
Ajmera I Land Treon 39,241 ₹ 3.2 Cr 7.3
Ajmera I Land Zeon 37,113 ₹ 2.67 Cr -29.4
Girnar Heights 28,041 ₹ 1.85 Cr -4.9
Sapphire Chs Wadala 27,769 ₹ 1.71 Cr 4.1
Ajmera Odyssey 28,062 ₹ 1.25 Cr -0.8
Project Name Current Price (₹/sq.ft) Transactions Change %
Cosmic Heights 28,550 4 16
Bolivian Alps 20,649 4 0.6
Mount Alps 27,834 3 8.8
Mount Everest 27,804 3 -
Ajmera Cosmic Heights 27,299 2 1.4
Ajmera Greenfinity Wadala 42,071 1 -
Ajmera I Land Treon 39,241 1 7.3
Ajmera I Land Zeon 37,113 1 -29.4
Ajmera Odyssey 28,062 1 -0.8
Girnar Heights 28,041 1 -4.9
Top Developers in Mumbai
Ajmera leads in Mumbai with 39 projects and 50 years of experience.
DLF
Ajmera ₹ 75.99 L - ₹ 16 Cr
  • 39 Projects
  • 50 Years
Top Developers by Transaction Count

Premium residential developments in Bhakti Park are setting high benchmarks for asking prices. Leading the segment, Ajmera Aeon is priced at ₹42,616 per sq ft, reflecting a 5.71% increase and showcasing its luxury positioning. Ajmera Manhattan follows closely at ₹40,383 per sq ft, with a 2.77% rise. Other significant projects like Ajmera I Land Treon and Ajmera Bhakti Park Sector III and IV are both listed around ₹39,868 per sq ft, despite experiencing some price adjustments. These top-tier developments collectively define the aspirational segment of the market.

  • By Transaction
Developer Transactions
Ajmera 10

Government Registration in Bhakti Park, Mumbai

  • Sales Transactions123
  • Gross Sales Value₹ 218 Cr
  • Registered Rate₹ 23,200 /sq.ft

Official registration data for Bhakti Park reveals a robust transaction market between April 2025 and March 2026. A total of 123 transactions were recorded, accumulating a gross value of ₹218 Cr, with properties registering at an average rate of ₹23,200 per sq ft. This activity was significantly influenced by Ajmera, who led developer transactions with 10 deals. Project-wise, Cosmic Heights and Bolivian Alps saw the highest number of transactions, while Bolivian Alps also generated the highest gross transaction value at ₹8.04 Cr, indicating strong buyer confidence in these developments.

Recent Registered Transactions in Bhakti Park

Date Floor/Unit Tower/Wing Area Value Rate/Sq.Ft.  
2026-02-10 Floor 14, Unit 1402 3, B 718 Sq.Ft. 🔒 🔒
2026-02-04 Floor 40, Unit 4003 3, B 948 Sq.Ft. 🔒 🔒
2026-02-03 Floor 14, Unit 1401 A 718 Sq.Ft. 🔒 🔒
2026-02-02 Floor 5, Unit 503 8/C 636 Sq.Ft. 🔒 🔒
2026-01-29 Floor 27 4 1194 Sq.Ft. 🔒 🔒
2026-01-27 Floor 35, Unit 3503 3, A 944 Sq.Ft. 🔒 🔒
2026-01-23 Floor 31, Unit 3104 4, B 773 Sq.Ft. 🔒 🔒
2026-01-23 Floor 18, Unit 1802 4, B 1691 Sq.Ft. 🔒 🔒
2026-01-21 Floor 5, Unit 509 R-7 225 Sq.Ft. 🔒 🔒
2026-01-16 Floor 12, Unit 1201 4, A 771 Sq.Ft. 🔒 🔒
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