Property Rates in Shimpoli, Mumbai 2026

The average asking price in Shimpoli is ₹32,050 per sq ft, which sits significantly higher than the Government Registration Rate of ₹20,050 per sq ft. The Government Registration Rate is based on 13 transactions recorded between November 2025 and October 2026, totaling a gross value of ₹13 Cr. Buyers should note that the asking price represents current market expectations, while the registration rate is often used for stamp duty and tax calculations.

As of September 2026, the average asking price in Shimpoli stands at ₹32,050 per sq ft. The price trajectory has been mixed throughout 2026; after peaking at ₹33,600 per sq ft in March 2026, the market saw a slight adjustment to its current level. This fluctuation indicates a period of price stabilization following earlier highs in the year.

As of September 2026, Under Construction projects in Shimpoli command a higher average price of ₹32,550 per sq ft, which has depreciated by 3.04% compared to the prior period. In contrast, Ready To Move properties are priced at an average of ₹28,850 per sq ft, having appreciated by 1.3% over the same timeframe. This pricing gap often reflects the premium buyers are willing to pay for newer, modern amenities in ongoing developments versus the immediate availability of established units.

The average rental yield in Shimpoli is 3.59% as of September 2026, with an average rental rate of ₹96 per sq ft. This yield provides a benchmark for investors to evaluate the annual income potential relative to the capital investment required for property in the area. With rental rates having appreciated by 23.08% compared to the previous period, the locality shows increasing demand from the rental market.

As of September 2026, a 1 BHK apartment in Shimpoli commands an average monthly rent of ₹36,500, while a 2 BHK apartment averages ₹55,000 per month. These figures help tenants and landlords understand the current market valuation for different unit sizes, with the rental market overall showing strong growth compared to previous periods.

As of September 2026, the top projects in Shimpoli include Paradigm Anantaara at ₹32,550 per sq ft (which has depreciated by 3.04%), Ostwal Tower at ₹31,550 per sq ft (which has appreciated by 0.46%), and Apurva CHS at ₹26,150 per sq ft (which has appreciated by 2.33%). These projects represent a range of price points for buyers, with each showing distinct movement in their listing rates over the recent period.

Apartments in Shimpoli currently command an average rental rate of ₹100 per sq ft as of September 2026, which has depreciated by 2.08% compared to the previous period. This rental rate is consistent with several nearby localities, such as Kastur Park, Chikoowadi, and Saibaba Nagar, which also report average rental rates of ₹100 per sq ft. While the base rate is similar across these areas, investors should monitor the varying percentage changes—such as the 7.61% depreciation in Chikoowadi—to understand localized rental demand shifts.

Potential buyers should use the data to compare the current average asking price of ₹32,050 per sq ft against specific project rates like Paradigm Anantaara or Ostwal Tower to gauge value. By observing the status-wise pricing, such as the ₹28,850 per sq ft for Ready To Move units versus the ₹32,550 per sq ft for Under Construction units, buyers can align their budget with their preference for immediate possession versus newer infrastructure. Always verify these figures against the Government Registration Rate of ₹20,050 per sq ft to understand the gap between market asking prices and official transaction benchmarks.