Property Rates in Shivaji Nagar, Thane 2026

Property prices in Shivaji Nagar have shown a steady upward trend throughout the recent quarters. Starting from ₹18,250 per sq ft in September 2025, the rates remained stable at ₹18,950 per sq ft through December 2025 and March 2026, before climbing to ₹19,450 per sq ft as of June 2026. This consistent growth trajectory suggests a resilient market that is attracting sustained interest from both buyers and investors.

As of June 2026, under-construction properties in Shivaji Nagar command a slightly higher average price of ₹14,900 per sq ft, having appreciated by 4.24% compared to previous periods. In contrast, ready-to-move properties are priced at an average of ₹14,400 per sq ft, showing a more modest appreciation of 0.73%. Buyers should note that while under-construction units often carry a premium due to modern amenities and potential for future value growth, ready-to-move units offer the benefit of immediate possession and lower immediate risk.

The average asking price in Shivaji Nagar as of June 2026 is ₹19,450 per sq ft, whereas the Government Registration Rate is recorded at ₹5,750 per sq ft for the period between September 2025 and August 2026. This variance is common in real estate markets, as the Government Registration Rate is typically used for stamp duty and tax calculation purposes, while the asking price reflects current market sentiment, project-specific amenities, and seller expectations. Investors and homebuyers should use the registration rate as a baseline for tax liabilities while relying on the market asking price to gauge the actual cost of acquisition.

As of June 2026, the average rental rate for office spaces in Shivaji Nagar is ₹150 per sq ft. This segment has experienced a depreciation of 11.81% compared to previous periods, suggesting a market correction or an increase in available supply relative to demand. Businesses looking to lease commercial space in this locality may find this a favorable time to negotiate favorable terms given the current pricing trend.

The overall average rental rate in Shivaji Nagar is ₹144 per sq ft as of June 2026. This rate has remained stable with a 0% change, indicating a balanced rental market where supply and demand have reached a consistent equilibrium. Tenants and landlords can view this stability as a sign of a predictable rental environment in the locality.

As of June 2026, Om Sai CHS Thane leads the market with a listing rate of ₹16,850 per sq ft, having seen a significant appreciation of 38.3% compared to previous periods. Other prominent projects include Joshi Rachana CHS at ₹15,600 per sq ft (which saw a slight depreciation of 0.44%) and Nutan Parishram CHS at ₹15,050 per sq ft, which appreciated by 3.21%. These premium rates reflect the specific value propositions, such as location and building quality, that these individual projects offer within Shivaji Nagar.

Between September 2025 and August 2026, Shivaji Nagar recorded 102 transactions with a total gross value of ₹146 Cr. This level of activity demonstrates a healthy and active real estate market, providing sufficient liquidity for buyers and sellers alike. Prospective buyers can interpret this volume as a positive indicator of the locality's desirability and the ongoing confidence of market participants in the area's long-term value.