Property rates in Shivaji Park average ₹56,100 per sq ft. This established residential hub maintains a premium market position, supported by a diverse inventory of ready-to-move and under-construction apartments. The rental market is equally active, with yields reaching 3.70% and a wide range of unit configurations available. Recent transaction data shows steady interest, confirming the area's ongoing appeal for both high-end home buyers and investors seeking stable rental income in South Mumbai.
Insights for Shivaji Park, Mumbai Real Estate Market Overview
Shivaji Park remains one of Mumbai's most prestigious residential addresses, commanding high capital values and offering strong rental potential. The market is characterized by a mix of iconic ready-to-move projects and modern under-construction developments that cater to a discerning buyer base. Rental activity is robust, with monthly rates for 3 BHK apartments reaching ₹2.09 Lakh, reflecting the area's high desirability. Government registration data confirms consistent market turnover with significant transaction value, while developers continue to focus on maintaining high-quality residential standards across the locality.
Average property rates are currently at ₹56,100 per sq ft.
The area offers a healthy rental yield of 3.70% for investors.
Ready-to-move projects have seen an 8.12% price appreciation.
Monthly rentals for 1 BHK units average ₹64,300, while 2 BHK units average ₹1.1 Lakh.
Under-construction properties are currently priced at ₹54,700 per sq ft.
Market Strengths
Average asking prices of ₹56,100 per sq ft confirm the area's high-value status.
Ready-to-move projects demonstrate strong buyer demand with an 8.12% growth rate.
The diverse rental market offers options from ₹35,000 for studios to ₹2.09 Lakh for larger 3 BHK units.
Under-construction projects reflect active development with a 6.36% price increase.
Rental yields of 3.70% remain attractive for South Mumbai real estate standards.
Market Challenges
The average rental rate for apartments has experienced a decline of -9.83%.
Some high-end projects like Sugee Samruddhi have seen a price adjustment of -5.89%.
Average rental rates in the broader Shivaji Park area have faced a slight downward pressure of -1.70%.
Investment Opportunities
Investors can benefit from a competitive rental yield of 3.70% in this prime locality.
Ready-to-move apartments offer an 8.12% price growth, making them attractive for immediate returns.
Under-construction inventory presents a 6.36% price appreciation potential for long-term investors.
The high rental demand for 3 BHK units, averaging ₹2.09 Lakh per month, provides a steady income stream for property owners.
Price Trend
Shivaji Park, Mumbai Property Price Trends and Appreciation
Property values in Shivaji Park have shown nuanced movement over the past year. Rates stood at ₹56,950 per sq ft in September 2025, reaching a peak of ₹59,000 per sq ft by December 2025 before adjusting to the current level of ₹56,100 per sq ft. This trend reflects the premium nature of the local market as it balances supply with demand.
Shivaji Park commands a premium price of ₹56,100 per sq ft, positioning it as one of the most sought-after locations in the city. Nearby, Dadar West averages ₹57,200 per sq ft, while Prabhadevi maintains a higher entry point at ₹62,850 per sq ft. In contrast, locations like Mahim and Matunga offer relatively more accessible price points at ₹50,250 per sq ft and ₹48,950 per sq ft respectively. These variations highlight the distinct value propositions across the surrounding South Mumbai micromarkets.
The residential market in Shivaji Park is exclusively focused on high-end apartments, which are currently priced at an average of ₹56,100 per sq ft. This concentration reflects the neighborhood's character as a premium residential enclave, catering to buyers who prioritize established infrastructure and proximity to major city landmarks.
Shivaji Park offers a mix of housing options across various development stages. Ready-to-move inventory is currently priced at ₹52,850 per sq ft, showing a strong growth of 8.12%. Meanwhile, under-construction projects are available at ₹54,700 per sq ft, reflecting a 6.36% increase, while new launches are positioned at ₹55,000 per sq ft.
Project & Developer Insights
Top Residential Projects and Developers in Shivaji Park
Top Projectsin Shivaji Park
LnT Island Cove is the top project in Shivaji Park with prices from ₹ 3.40 Cr to 6.34 Cr.
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
Lodha Sea Face
Price On Request
Mumbai South, Mumbai
Prestige Ocean Towers
₹ 26 Cr - ₹ 50.68 Cr
Mumbai South, Mumbai
Godrej Carmichael
₹ 87.92 Cr - ₹ 87.92 Cr
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Sugee leads in Mumbai with 30 projects and years of experience.
Premium residential developments in Shivaji Park set high benchmarks for the local market. Sugee Samruddhi leads with an asking rate of ₹72,150 per sq ft, followed by Dipti Ocean Terraces at ₹60,800 per sq ft, which has seen a significant 56.8% increase. Siddhi Vinayak Shivaji Park and Buildarch Olive also command strong market interest, with rates at ₹59,800 per sq ft and ₹58,200 per sq ft respectively.
Top projects in Shivaji Park show distinct rental performances, with Siddhi Vinayak Shivaji Park currently at ₹184 per sq ft. Amrut Meraki leads with a 4.85% growth to reach ₹173 per sq ft, while Dipti Ocean Terraces has seen a notable increase of 10.27%, now at ₹161 per sq ft.
Government Registrations
Government Registration in Shivaji Park, Mumbai
Government registration data for the period between September 2025 and August 2026 highlights a stable transaction environment in Shivaji Park. The area recorded 14 property registrations with a total gross value of ₹41 Cr. These transactions reflect a steady demand for established residential properties in the locality, with registered rates averaging ₹31,700 per sq ft.
Sales Transactions14
Gross Sales Value₹ 41 Cr
Registered Rate₹ 31,700/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Shivaji Park, Mumbai
Rental options in Shivaji Park cater to a wide demographic, with monthly rents ranging from ₹35,000 for studio apartments to ₹2.09 Lakh for spacious 3 BHK homes. 1 BHK units average ₹64,300 per month, while 2 BHK apartments command an average monthly rent of ₹1.1 Lakh, reflecting the varied residential demand in the locality. Rental rates in the vicinity vary, with Shivaji Park averaging ₹173 per sq ft. Nearby areas such as Agar Bazar and Senapati Bapat Marg command higher rates at ₹250 per sq ft, while Mahim and Chandrakant Dhuru Wadi hover around ₹200 per sq ft. More affordable rental options are available in Dadar West and Matunga, both averaging ₹150 per sq ft. The rental market for apartments in Shivaji Park averages ₹150 per sq ft, having adjusted by -9.83% over the recent period. This rate reflects the current competitive landscape for residential leasing in the area. Top projects in Shivaji Park show distinct rental performances, with Siddhi Vinayak Shivaji Park currently at ₹184 per sq ft. Amrut Meraki leads with a 4.85% growth to reach ₹173 per sq ft, while Dipti Ocean Terraces has seen a notable increase of 10.27%, now at ₹161 per sq ft.
Rental options in Shivaji Park cater to a wide demographic, with monthly rents ranging from ₹35,000 for studio apartments to ₹2.09 Lakh for spacious 3 BHK homes. 1 BHK units average ₹64,300 per month, while 2 BHK apartments command an average monthly rent of ₹1.1 Lakh, reflecting the varied residential demand in the locality.
Rental rates in the vicinity vary, with Shivaji Park averaging ₹173 per sq ft. Nearby areas such as Agar Bazar and Senapati Bapat Marg command higher rates at ₹250 per sq ft, while Mahim and Chandrakant Dhuru Wadi hover around ₹200 per sq ft. More affordable rental options are available in Dadar West and Matunga, both averaging ₹150 per sq ft.
The rental market for apartments in Shivaji Park averages ₹150 per sq ft, having adjusted by -9.83% over the recent period. This rate reflects the current competitive landscape for residential leasing in the area.
Frequently Asked Questions About Property Rates in Shivaji Park, Mumbai
What is the current average asking price in Shivaji Park, Mumbai?
As of June 2026, the average asking price in Shivaji Park is ₹56,100 per sq ft. This figure reflects a depreciation of 4.92% compared to the previous period, which may indicate a market correction or a shift in the current inventory mix available for sale.
How have property prices in Shivaji Park trended recently?
The property price trend in Shivaji Park has shown a downward trajectory in the most recent quarter, moving from ₹59,000 per sq ft in December 2025 to ₹56,100 per sq ft by June 2026. This movement suggests a softening in seller expectations or a change in the profile of available listings during this six-month period.
How do property rates in Shivaji Park compare to nearby localities?
Property rates in Shivaji Park, currently at ₹56,100 per sq ft, are positioned higher than several surrounding areas. For instance, Matunga West averages ₹48,950 per sq ft (depreciated by 2.41%), while Wadala is more accessible at ₹37,250 per sq ft (appreciated by 2.52%). Conversely, Prabhadevi remains a premium competitor with an average asking price of ₹62,850 per sq ft, despite a 1.63% depreciation.
What is the difference between Ready To Move and Under Construction property rates in Shivaji Park?
As of June 2026, Ready To Move properties in Shivaji Park command an average price of ₹52,850 per sq ft, which has appreciated by 8.12% recently. In comparison, Under Construction projects are priced at ₹54,700 per sq ft, marking a 6.36% appreciation. This premium on under-construction units often reflects the value of modern amenities and newer building standards in the current market.
What is the average rental rate and rental yield in Shivaji Park?
As of June 2026, the average rental rate in Shivaji Park is ₹173 per sq ft, which has seen a minor depreciation of 1.7% over the observed period. The area currently offers a rental yield of 3.70%, providing a benchmark for investors looking to balance capital appreciation with consistent monthly income in this prime Mumbai location.
What is the BHK-wise rental pattern for apartments in Shivaji Park?
Rental rates in Shivaji Park vary significantly by unit size, catering to a diverse tenant base as of June 2026. Studio apartments average ₹35,000 per month, while 1 BHK units command ₹64,300 per month. For larger requirements, 2 BHK apartments average ₹1.1 Lakh per month, and 3 BHK units reach an average of ₹2.09 Lakh per month, reflecting the premium nature of the locality.
Which projects in Shivaji Park command the highest rental rates?
Among the top rental projects in Shivaji Park as of June 2026, Siddhi Vinayak Shivaji Park leads with a current rental rate of ₹184 per sq ft, despite an 8.46% depreciation. Other notable projects include Amrut Meraki at ₹173 per sq ft (up 4.85%) and Dipti Ocean Terraces at ₹161 per sq ft, which has seen an appreciation of 10.27%.
How does the Government Registration Rate compare to the market asking price in Shivaji Park?
The Government Registration Rate in Shivaji Park is ₹31,700 per sq ft, based on transactions recorded between September 2025 and August 2026. This is significantly lower than the current average market asking price of ₹56,100 per sq ft, a common observation in premium markets where actual transaction values often exceed government-notified rates.
What are the most expensive residential projects in Shivaji Park by listing rate?
As of June 2026, Sugee Samruddhi is among the most premium projects in Shivaji Park with a listing rate of ₹72,150 per sq ft, reflecting a 5.89% depreciation. Other high-value projects include Dipti Ocean Terraces at ₹60,800 per sq ft (up 56.8%) and Siddhi Vinayak Shivaji Park at ₹59,800 per sq ft, which has remained stable in its pricing.
How should an investor interpret the data on this page for Shivaji Park?
Investors should use the June 2026 data to compare the current average asking price of ₹56,100 per sq ft against the rental yield of 3.70% to assess potential returns. By observing the 4.92% depreciation in sale prices alongside the specific appreciation rates of projects like Suraj Parkview (up 29.61%), investors can identify pockets of value versus broader market trends.
