Property Rates in Shivaji Park, Mumbai

Shivaji Park in Mumbai stands out as a prime real estate destination, currently reflecting an average asking price of ₹54,175 per sq ft. Analysis of quarterly trends reveals a positive growth trajectory, with average property rates in the locality increasing from ₹56,954 per sq ft in September 2025 to ₹59,000 per sq ft by December 2025, signaling sustained buyer interest. While the micromarket rate in nearby areas also shows growth, Shivaji Park maintains its premium positioning. Compared to its neighbors, Shivaji Park is more accessible than Prabhadevi (₹62,882 per sq ft) but commands higher rates than Matunga West (₹48,985 per sq ft) and Wadala (₹37,433 per sq ft), establishing its mid-to-high-end market segment. The market is primarily characterized by apartments, which average ₹54,175 per sq ft. Buyers have diverse options, with Ready To Move properties available at ₹48,901 per sq ft, and Under Construction projects, priced at ₹51,440 per sq ft, demonstrating a robust 4.78% increase in value. Projects such as Sugee Samruddhi exemplify the luxury segment, boasting rates up to ₹76,687 per sq ft. Government registration data for April 2025 to March 2026 further underscores market vitality, recording 35 transactions with a gross value of ₹104 Cr and an average registered rate of ₹31,700 per sq ft. The significant gap between asking and registered rates suggests potential negotiation room or a dynamic market with varied property types and ages contributing to the average. This robust activity, coupled with ongoing development, positions Shivaji Park as an attractive, albeit premium, market for both residents and investors.