Mumbai
The Shivaji Park real estate landscape is defined by its premium positioning, with average property rates currently sitting at ₹56,100 per sq ft. While the market has seen some quarterly adjustments, its enduring appeal is backed by a steady supply of both ready-to-move and under-construction projects that cater to high-net-worth individuals. Rental demand remains robust, yielding 3.70% annually, which provides a reliable income stream for property owners in the area. The local market maintains a clear distinction between older, well-occupied buildings and newer luxury developments that continue to set price benchmarks.
The average asking price in Shivaji Park is ₹56,100 per sq ft as of June 2026. This figure represents a depreciation of 4.92% compared to previous periods, reflecting a recent market adjustment in this premium locality.
Property price trends in Shivaji Park have shown a slight cooling, with the average asking price moving from ₹59,000 per sq ft in December 2025 to ₹56,100 per sq ft by June 2026. This trajectory indicates a period of price stabilization following earlier peaks, providing a more balanced entry point for potential buyers compared to the higher rates observed in late 2025.
The average asking price in Shivaji Park is currently ₹56,100 per sq ft, while the Government Registration Rate stands at ₹31,700 per sq ft for the period between September 2025 and August 2026. This significant gap between the market-driven asking price and the government-notified rate is common in premium, high-demand areas and is an important factor for buyers to consider when calculating total acquisition costs and stamp duty obligations.
As of June 2026, Ready to Move properties in Shivaji Park are priced at an average of ₹52,850 per sq ft, which has appreciated by 8.12% compared to previous data. In contrast, Under Construction projects are currently priced at ₹54,700 per sq ft, showing an appreciation of 6.36% over the same period. This pricing structure suggests that buyers are willing to pay a premium for new, under-construction inventory, likely due to modern amenities and newer building standards.
Rental rates in Shivaji Park are tiered based on unit size: Studios average ₹35,000 per month, 1 BHK units average ₹64,300 per month, 2 BHK units average ₹1.1 Lakh per month, and 3 BHK units command an average of ₹2.09 Lakh per month as of June 2026. This range allows tenants to choose from compact studio living to spacious 3 BHK apartments, reflecting the diverse housing stock available in this established neighbourhood.
The rental yield in Shivaji Park is 3.70% as of June 2026, with an average rental rate of ₹173 per sq ft. This yield provides a clear benchmark for investors to evaluate the income-generating potential of their property relative to the capital investment, especially when balanced against the current average sale price of ₹56,100 per sq ft.
As of June 2026, the top projects by rental rate include Siddhi Vinayak Shivaji Park at ₹184 per sq ft, followed by Amrut Meraki at ₹173 per sq ft, and Dipti Ocean Terraces at ₹161 per sq ft. Rental rates for these projects have seen varied performance; for instance, Dipti Ocean Terraces has seen an appreciation of 10.27%, while Siddhi Vinayak Shivaji Park has experienced a depreciation of 8.46% compared to previous periods.
Property prices in Shivaji Park, currently at ₹56,100 per sq ft, are positioned among the higher-end markets in the vicinity. For comparison, Dadar West averages ₹57,200 per sq ft (appreciating by 3.19%), while Mahim is at ₹50,250 per sq ft (appreciating by 9.42%) and Matunga West is at ₹48,950 per sq ft (depreciating by 2.41%) as of June 2026. These variations reflect the specific micro-location advantages and demand levels within this cluster of South Mumbai.
The most prominent projects by listing rates as of June 2026 include Sugee Samruddhi at ₹72,150 per sq ft, Dipti Ocean Terraces at ₹60,800 per sq ft, and Siddhi Vinayak Shivaji Park at ₹59,800 per sq ft. These projects represent the premium segment of the local market, though they have seen varying price movements, such as Dipti Ocean Terraces appreciating by 56.8% and Sugee Samruddhi depreciating by 5.89% compared to previous periods.
Potential buyers should use the June 2026 data to understand that Shivaji Park is a premium market where prices are influenced by project status and specific location advantages. By comparing the average asking price of ₹56,100 per sq ft with the performance of specific segments—such as the 8.12% appreciation in Ready to Move units—buyers can better align their investment goals with current market momentum and the specific value proposition of different project types.
