Property Rates in Shivaji Park, Mumbai

Property prices in Shivaji Park, Mumbai have shown some fluctuation over the past few quarters. The average location rate was ₹56,098 per sq ft in March 2026, down from ₹59,000 per sq ft in December 2025. Prior to that, prices were ₹56,954 per sq ft in September 2025, showing a mixed trend with a dip in the most recent quarter.

As of March 2026, Shivaji Park's average asking price stands at ₹56,098 per sq ft. This is higher than nearby micromarkets like Matunga West (₹48,971 per sq ft, down 1.16%), Dadar East (₹46,180 per sq ft, down 3.24%), and Mahim (₹50,241 per sq ft, up 13.94%). However, it is lower than Prabhadevi, which has an average rate of ₹62,864 per sq ft, experiencing a slight decrease of 0.49%.

As of March 2026, the average asking price in Shivaji Park is ₹56,098 per sq ft. The available data for Government Registration Rate, based on transactions between May 2025 and April 2026, shows a registered rate of ₹31,700 per sq ft. This indicates a significant difference between the prices sellers are asking and the rates at which properties are being registered.

As of March 2026, the average price for apartments in Shivaji Park, Mumbai is ₹56,098 per sq ft. This figure has seen a depreciation of 4.92% compared to the previous period, suggesting a softening in apartment prices within the locality.

In Shivaji Park, properties that are Ready To Move had an average price of ₹48,901 per sq ft as of March 2026, showing a slight appreciation of 0.31%. Under Construction properties were priced higher at an average of ₹51,440 per sq ft, with a notable appreciation of 4.78%. Well Occupied properties averaged ₹52,691 per sq ft with a 0.22% appreciation.

As of March 2026, Sugee Samruddhi in Shivaji Park leads with the highest listing rate at ₹76,687 per sq ft, showing a significant appreciation of 43.33%. Other projects with high listing rates include Sugee Govind Sadan at ₹61,633 per sq ft and Siddhi Vinayak Shivaji Park at ₹59,793 per sq ft, which appreciated by 1.34%.

The average rental rate in Shivaji Park, Mumbai is ₹173 per sq ft as of March 2026, with a rental yield of 3.70%. The average rental rate for apartments has depreciated by 1.7% over the recent period.

In Shivaji Park, rental rates vary significantly by BHK configuration. As of March 2026, Studio apartments typically rent for ₹35,000 per month. For larger units, 1 BHK apartments average ₹84,167 per month, 2 BHK apartments are around ₹1.15 Lakh per month, and 3 BHK apartments command a higher average rent of ₹2.37 Lakh per month.

Rental rates in micromarkets near Shivaji Park show variation. As of March 2026, Matunga West has an average rental rate of ₹168 per sq ft, appreciating by 0.6%. Dadar West averages ₹161 per sq ft, with a depreciation of 3.59%. Mahim offers a lower average rental rate of ₹129 per sq ft, having appreciated by 2.38%.

As of March 2026, Siddhi Vinayak Shivaji Park leads with the highest rental rate at ₹184 per sq ft, despite a depreciation of 8.46%. Amrut Meraki follows with a rental rate of ₹173 per sq ft, showing an appreciation of 4.85%. Dipti Ocean Terraces is also among the top, with a rental rate of ₹161 per sq ft and an appreciation of 10.27%.

A rental yield of 3.70% in Shivaji Park, as of March 2026, indicates the annual return an investor can expect from rental income relative to the property's capital value. This figure suggests that while property values might appreciate, the immediate rental income potential is moderate, which is typical for established residential areas.

As of March 2026, the average rental rate for apartments in Shivaji Park is ₹173 per sq ft, which matches the overall average rental rate for the locality. However, this figure has seen a depreciation of 1.7% in the most recent period.