Property Rates in Shimpoli, Mumbai

In Shimpoli, apartments represent the primary property type, with an average asking price of ₹33,590 per sq ft. This segment has shown a positive change of 1.97%. Other property types are not detailed in the provided data.

Shimpoli's real estate market offers properties in various stages of completion. Ready-to-move properties are available at an average of ₹27,130 per sq ft, though they have seen a recent decrease of -8.88%. Under-construction projects are priced higher at ₹33,419 per sq ft, indicating a positive trend with a 2.41% increase, suggesting a preference for newer developments.

Shimpoli features a diverse range of property rates across its micro-markets. Chikoowadi leads with an average rate of ₹33,601 per sq ft, closely followed by Ashtavinayak Nagar at ₹34,883 per sq ft. In contrast, areas like Vazira are more affordable, averaging ₹26,644 per sq ft. Babhai Naka has seen a positive change of 2.42% with rates at ₹28,947 per sq ft, while Kanti Park experienced a dip of -8.03% to ₹30,000 per sq ft. Borivali West as a whole averages ₹31,281 per sq ft.

Among Shimpoli's rental properties, Apurva CHS leads with a rental rate of ₹96 per sq ft, showing no change year-on-year. Ostwal Tower follows, offering rentals at ₹76 per sq ft, which has seen an increase of 8.57%. These projects represent key rental offerings within the locality.

In Shimpoli, rental demand is evident across different BHK configurations. 1 BHK apartments are fetching an average rent of ₹35,500 per month, while 2 BHK apartments command higher rents at ₹46,000 per month. These figures reflect varying demand levels and property sizes within the residential rental market.

Rental rates across Shimpoli's micro-locations show varied performance. Kastur Park leads with an average of ₹84 per sq ft, despite a slight dip of -1.18% year-on-year. Conversely, Babhai Naka and Dalvi Nagar have seen positive growth of 9.33% and 11.11% respectively, reaching ₹82 per sq ft and ₹80 per sq ft. Vazira, however, has experienced a significant decrease of -15.94%, with average rates at ₹58 per sq ft.

Apartments in Shimpoli are the primary focus for renters, averaging ₹78 per sq ft with a notable 8.33% increase in rental rates. Data for other property types is not available.