Mumbai
The residential market in Shimpoli demonstrates consistent growth, with property prices rising from ₹32,250 per sq ft in late 2025 to their current average of ₹33,600 per sq ft. This upward momentum is complemented by a vibrant rental environment, where apartments generate an average monthly return of ₹78 per sq ft. Official registration records indicate a total transaction value of ₹64 Cr, underscoring the high volume of activity within the locality. Developers continue to launch projects that cater to both luxury seekers and those looking for immediate possession, further diversifying the local real estate footprint.
The average asking price in Shimpoli is ₹33,600 per sq ft as of June 2026. This rate has appreciated by 1.97% compared to the previous period, reflecting a steady demand for residential apartments in this locality.
The property price trend in Shimpoli has shown a consistent upward trajectory over the last few quarters. As of June 2026, the average rate stands at ₹33,600 per sq ft, rising from ₹32,950 per sq ft in December 2025 and ₹32,250 per sq ft in September 2025, indicating sustained buyer interest and market confidence.
As of June 2026, the average asking price in Shimpoli is ₹33,600 per sq ft, while the Government Registration Rate is recorded at ₹19,450 per sq ft for the period of August 2025 to July 2026. This variance highlights that market-driven listing prices in the area currently command a significant premium over the government-benchmarked registration values.
As of June 2026, Under Construction properties in Shimpoli are priced at an average of ₹33,600 per sq ft, having appreciated by 0.51% over the period. In contrast, Ready To Move properties are available at a lower average of ₹27,500 per sq ft, which has seen an appreciation of 1.41% over the same timeframe, suggesting that buyers are currently paying a premium for newer, under-construction inventory.
The top projects in Shimpoli by listing rates as of June 2026 include Paradigm Anantaara at ₹33,600 per sq ft (up 0.51%), Ostwal Tower at ₹30,750 per sq ft (up 0.36%), and Apurva CHS at ₹24,300 per sq ft (up 2.78%). These projects represent the current price positioning in the locality, with each showing positive appreciation trends compared to previous periods.
As of June 2026, the average rental rate in Shimpoli is ₹78 per sq ft, which has appreciated by 8.33% compared to the previous period. The locality currently offers a rental yield of 2.79%, providing investors with a baseline metric to evaluate the income potential of their residential assets relative to the current sale prices.
As of June 2026, 1 BHK apartments in Shimpoli command an average monthly rent of ₹35,500, while 2 BHK apartments are available at an average of ₹46,000 per month. These figures provide a clear insight for tenants and landlords regarding the entry-level and mid-segment rental costs within the locality.
Rental rates in Shimpoli vary by project, with Apurva CHS currently listed at ₹96 per sq ft (showing stable rates with 0% change) and Ostwal Tower at ₹76 per sq ft, which has appreciated by 8.57% as of June 2026. These variations reflect the specific amenities and positioning of individual residential complexes within the Shimpoli market.
Rental rates across the vicinity show significant variance; for instance, Kastur Park and Chikoowadi both command ₹100 per sq ft, though both have seen slight depreciations of 1.18% and 1.32% respectively as of June 2026. Conversely, areas like Borivali West and Vazira are priced at ₹50 per sq ft, with Borivali West seeing a 5.48% depreciation and Vazira seeing a 15.94% depreciation over the same period.
Investors should look at the sustained appreciation in both sale prices (1.97% as of June 2026) and rental rates (8.33% as of June 2026) as indicators of a maturing market. By comparing the 2.79% rental yield against the capital appreciation trends in projects like Paradigm Anantaara and Ostwal Tower, investors can better balance their portfolios between immediate rental income and long-term asset value growth.
