Property Rates in Shivaji Park, Mumbai

The Shivaji Park property market primarily features apartments, which currently average ₹54,175 per sq ft. While this segment forms the backbone of the residential offerings, it has experienced an -8.18% change. This focus on apartments caters to the high-density urban living characteristic of Mumbai, providing a range of choices for potential buyers.

The Shivaji Park market offers properties across various development stages, catering to different buyer timelines. Ready To Move inventory, comprising 7 units, averages ₹48,901 per sq ft with a 0.31% change, appealing to immediate occupancy seekers. Under Construction projects present 5 opportunities at ₹51,440 per sq ft, showing a 4.78% increase, while 2 Well Occupied units average ₹52,691 per sq ft with a 0.22% change. This diverse supply mix enables buyers to balance possession timing with pricing preferences.

Property rates in Shivaji Park, currently at ₹54,175 per sq ft, position it competitively among its neighbors. Dadar West commands a higher average of ₹56,626 per sq ft, notably experiencing a significant 14.68% increase. In contrast, Prabhadevi stands as a premium option at ₹62,882 per sq ft, while Vsnl Colony offers more affordable rates at ₹37,760 per sq ft. Mahim and Matunga West hover around ₹49,318 per sq ft and ₹48,985 per sq ft respectively, providing diverse price points within the broader region.

Certain projects in Shivaji Park are prominent in the rental market. Siddhi Vinayak Shivaji Park leads with a current rental rate of ₹201 per sq ft. Amrut Meraki follows, offering rentals at ₹165 per sq ft. Dipti Ocean Terraces also contributes to the rental landscape with an average rate of ₹146 per sq ft. These projects highlight key residential options for tenants in the locality.

Rental trends in Shivaji Park reveal a clear hierarchy based on unit size. Studio apartments are available for an average of ₹35,000 per month. Moving up, 1 BHK units command approximately ₹87,000 per month, while 2 BHK apartments average ₹1.12 Lakh per month. The most spacious option, 3 BHK apartments, are rented for a significant ₹2.33 Lakh per month, reflecting premium pricing for larger residential spaces in the area.

Analyzing rental rates across nearby locations reveals varying dynamics. Shivaji Park itself averages ₹175 per sq ft. Matunga West offers comparable rates at ₹171 per sq ft, experiencing a 2.4% increase. Dadar West, however, saw a -2.4% change, settling at ₹163 per sq ft. Notably, Agar Bazar stands out with a significant 116.52% increase, reaching ₹249 per sq ft, while Prabhadevi commands premium rentals at ₹208 per sq ft with a 0.97% rise.

In Shivaji Park, the rental market is dominated by apartments, which currently command an average rental rate of ₹175 per sq ft. This segment has experienced a slight -0.57% change. The consistency in apartment rentals underscores their established presence and demand within the locality.