Property Rates in Shivaji Park, Mumbai 2026

Property prices in Shivaji Park have shown a fluctuating trajectory, with the average asking price recorded at ₹56,100 per sq ft in March 2026, down from ₹59,000 per sq ft in December 2025. Prior to this, the rate stood at ₹56,950 per sq ft in September 2025. These shifts indicate a dynamic market environment where pricing is sensitive to inventory availability and buyer demand.

The average asking price in Shivaji Park is ₹56,100 per sq ft, while the Government Registration Rate is currently recorded at ₹31,700 per sq ft for the period of June 2025 to May 2026. This gap between the market-driven asking price and the government-notified rate is common in high-demand, prime locations and is an essential factor for buyers to consider when calculating total acquisition costs and stamp duty obligations.

As of March 2026, Ready To Move properties in Shivaji Park are priced at an average of ₹52,000 per sq ft, having appreciated by 6.36% compared to the previous period. In contrast, Under Construction projects are priced at ₹54,750 per sq ft, which reflects an appreciation of 6.39% over the same timeframe. This narrow price gap suggests that buyers are placing a high premium on both immediate possession and the potential of newer, under-construction developments in the area.

The average rental yield in Shivaji Park is 3.70% as of March 2026. For investors, this yield represents the annual rental income relative to the property's capital value, serving as a key performance indicator for evaluating the investment potential of residential apartments in this locality.

Rental rates in Shivaji Park cater to a diverse range of tenant needs, with average monthly rents of ₹35,000 for Studios, ₹84,150 for 1 BHK units, ₹1.15 Lakh for 2 BHK units, and ₹2.37 Lakh for 3 BHK units as of March 2026. This tiered pricing structure allows tenants to choose configurations based on their space requirements, while landlords can use these benchmarks to position their properties competitively within the local rental market.

As of March 2026, the top projects by rental rates in Shivaji Park include Siddhi Vinayak Shivaji Park at ₹184 per sq ft (which depreciated by 8.46%), Amrut Meraki at ₹173 per sq ft (which appreciated by 4.85%), and Dipti Ocean Terraces at ₹161 per sq ft (which appreciated by 10.27%). These projects represent premium rental options, with their rates reflecting the specific amenities, location advantages, and building quality they offer to prospective tenants.

Rental rates in Shivaji Park average ₹173 per sq ft, which can be compared to surrounding micromarkets such as Agar Bazar at ₹250 per sq ft (which appreciated by 116.52%) and Senapati Bapat Marg at ₹250 per sq ft. Other nearby areas like Matunga West, Dadar West, and Mahim currently command an average rental rate of ₹150 per sq ft. These variations highlight how specific pockets within the broader region offer different value propositions for renters.

The most expensive project by listing rate in Shivaji Park is Sugee Samruddhi at ₹72,150 per sq ft, which saw a depreciation of 5.89% as of March 2026. Other high-value projects include Dipti Ocean Terraces at ₹60,800 per sq ft (which appreciated by 56.8%) and Siddhi Vinayak Shivaji Park at ₹59,800 per sq ft, which has remained stable. These rates reflect the premium positioning of these specific developments within the Shivaji Park real estate landscape.

Buyers should use the property rate data for Shivaji Park as a baseline for negotiation and financial planning. By comparing the average asking price of ₹56,100 per sq ft against the status-wise rates—such as Ready To Move at ₹52,000 per sq ft and Under Construction at ₹54,750 per sq ft—investors can identify whether they are paying a premium for immediate occupancy or betting on future appreciation. Always factor in the appreciation or depreciation trends mentioned to understand the momentum of the specific project or property type you are considering.