Property Rates in Shimpoli, Mumbai

Property prices in Shimpoli have shown an upward trend. The average location rate was ₹32,266 per sq ft in September 2025, increasing to ₹32,942 per sq ft in December 2025, and further to ₹33,590 per sq ft by March 2026. This consistent appreciation suggests growing demand and a strengthening market.

Shimpoli's average asking price of ₹33,590 per sq ft as of March 2026 is higher than some of its constituent micromarkets. For instance, Babhai Naka is priced at ₹28,947 per sq ft with a 2.42% appreciation, and Vazira is at ₹26,644 per sq ft. Conversely, Mahavir Nagar stands out with a significantly higher average rate of ₹36,432 per sq ft, which has appreciated by 16.37%.

As of March 2026, the average price for apartments in Shimpoli stands at ₹33,590 per sq ft. This segment has seen a notable appreciation of 1.97% over the period, reflecting its popularity and demand within the locality.

In Shimpoli, 'Under Construction' properties are priced higher at ₹33,419 per sq ft as of March 2026, showing a 2.41% increase. In contrast, 'Ready To Move' properties are priced lower at ₹27,130 per sq ft, having depreciated by 8.88%. This suggests a premium for new developments and potential value in ready inventory.

As of March 2026, Paradigm Anantaara leads in listing rates in Shimpoli at ₹33,419 per sq ft, with a 2.41% appreciation. Ostwal Tower follows at ₹30,630 per sq ft, having appreciated by 2.87%. Apurva CHS is listed at ₹23,629 per sq ft with no change in rate.

The average rental rate in Shimpoli is ₹78 per sq ft as of March 2026, with apartments seeing an 8.33% appreciation. The rental yield stands at 2.79%. This yield suggests that for every ₹100 invested in property, an annual rental income of ₹2.79 can be expected, which is a key metric for investors assessing return on investment.

In Shimpoli, the average rental rate for a 1 BHK apartment is ₹35,500 per month as of March 2026. For a larger 2 BHK apartment, the average rent increases to ₹46,000 per month. These figures provide a clear picture of rental demand across different unit sizes.

Rental rates in the vicinity of Shimpoli show variation. Kastur Park has an average rental rate of ₹84 per sq ft, though it saw a slight depreciation of 1.18%. Babhai Naka and Dalvi Nagar command higher rents at ₹82 per sq ft and ₹80 per sq ft respectively, with Babhai Naka appreciating by 9.33%. Conversely, Vazira shows the lowest average rental rate at ₹58 per sq ft, with a depreciation of 15.94%.

As of March 2026, Apurva CHS in Shimpoli has the highest reported rental rate at ₹96 per sq ft, with no change in rate. Ostwal Tower follows with a current rental rate of ₹76 per sq ft, showing an appreciation of 8.57%.

The average asking price in Shimpoli as of March 2026 is ₹33,590 per sq ft. In contrast, the Government Registration Rate is significantly lower at ₹19,450 per sq ft, based on 89 transactions valued at ₹130 Cr between May 2025 and April 2026. This substantial difference highlights the gap between market expectations and official valuation for transactions.

Between May 2025 and April 2026, Shimpoli recorded 89 property transactions with a gross value of ₹130 Cr. This activity, coupled with the average asking price and registration rates, provides a snapshot of market liquidity and the overall value being transacted in the locality.