Property rates in Shivaji Park average ₹55,850 per sq ft. This premium locality maintains a stable market position, supported by a diverse inventory of residential apartments. The area attracts significant interest from both buyers and investors, reflected in a healthy rental yield of 3.31%. With a mix of ready-to-move units and new developments, Shivaji Park remains a high-demand destination for those seeking luxury living in the heart of Mumbai.
Insights for Shivaji Park, Mumbai Real Estate Market Overview
The real estate market in Shivaji Park exhibits a sophisticated landscape with an average asking price of ₹55,850 per sq ft. Property trends show a steady consistency in valuation, while the rental market offers a competitive yield of 3.31%, driven by strong demand for residential apartments. Recent government registration data indicates active movement in the area with 7 transactions totaling ₹10 Cr. The supply side remains well-balanced, featuring a variety of project stages from ready-to-move to new launches.
Under construction projects currently command a premium at ₹57,900 per sq ft, showing a 5.8% growth.
Rental rates average ₹154 per sq ft, with 3 BHK apartments reaching approximately ₹2.09 Lakh per month.
Sugee Samruddhi stands out as a prominent project with an asking price of ₹75,700 per sq ft.
The market has seen a 3.9% increase in rental rates for apartment properties.
Ready-to-move projects provide an accessible entry point into the locality with an average price of ₹52,200 per sq ft.
Market Strengths
High average asking price of ₹55,850 per sq ft reflects the enduring prestige of the locality.
Strong rental demand for 3 BHK units at ₹2.09 Lakh per month indicates a robust luxury rental market.
Diverse project statuses allow buyers to choose between immediate possession and future growth.
Significant premium pricing in top projects like Sugee Samruddhi underscores strong brand value.
Healthy rental yield of 3.31% attracts long-term real estate investors.
Market Challenges
Average rental rates have experienced a -10.98% change, requiring investors to monitor lease renewals closely.
Ready-to-move projects have seen a -1.28% adjustment in pricing, suggesting a cooling period in immediate occupancy options.
Some high-end projects like Shivneri Heights Shivaji have recorded a -1.44% change in asking rates.
Investment Opportunities
The 3.31% rental yield provides a consistent income stream for property owners in the locality.
Under construction projects show a 5.8% price growth, indicating potential for capital appreciation.
Studio apartments offer an affordable entry point for investors at ₹35,000 per month.
The 3.9% annual increase in apartment rental rates suggests rising demand for residential leasing.
Price Trend
Shivaji Park, Mumbai Property Price Trends and Appreciation
Property rates in Shivaji Park have shown resilience, holding at ₹55,850 per sq ft as of June 2026. The trend reflects a stable valuation environment, with quarterly rates moving from ₹59,000 per sq ft in late 2025 to the current levels. This consistency underscores the enduring value of this established Mumbai locality.
Shivaji Park commands a significant premium compared to nearby areas like Dadar East, which averages ₹47,100 per sq ft. Meanwhile, locations such as Matunga West and Mahim hover in the range of ₹53,700 to ₹54,000 per sq ft. Prabhadevi remains the most exclusive neighbor, reaching average rates of ₹67,900 per sq ft. These variations highlight Shivaji Park's status as a top-tier residential choice within the South Mumbai micro-market.
The residential apartment segment in Shivaji Park is the primary driver of market activity, currently priced at an average of ₹55,750 per sq ft. This category remains highly sought after, reflecting consistent buyer demand and investment interest across the locality.
Shivaji Park offers a balanced supply of residential options across different construction phases. Under construction projects are currently priced at ₹57,900 per sq ft, marking a 5.8% growth, while ready-to-move units are available at ₹52,200 per sq ft. A new launch project at ₹55,000 per sq ft further diversifies the available inventory for prospective buyers.
Project & Developer Insights
Top Residential Projects and Developers in Shivaji Park
Top Projectsin Shivaji Park
Godrej Trilogy is the top project in Shivaji Park with prices from ₹ 17.49 Cr to 31.90 Cr.
Godrej Trilogy
₹ 17.49 Cr - ₹ 31.90 Cr
Mumbai South, Mumbai
Mayfair Aarambh
Price On Request
Mumbai South, Mumbai
Puravankara Miami
Price On Request
Mumbai South, Mumbai
Mahindra BeaconHill
₹ 6.3 Cr - ₹ 8.51 Cr
Mumbai South, Mumbai
Raymond The Address By GS
₹ 3.25 Cr - ₹ 10.38 Cr
Mumbai South, Mumbai
Lodha Promina
Price On Request
Mumbai South, Mumbai
Lodha Worli
Price On Request
Mumbai South, Mumbai
Sattva Sumera
₹ 3.5 Cr - ₹ 6.5 Cr
Mumbai South, Mumbai
Runwal Malabar
₹ 33 Cr - ₹ 69.58 Cr
Mumbai South, Mumbai
K Raheja Sobo Residences
Price On Request
Mumbai South, Mumbai
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New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Sugee leads in Mumbai with 31 projects and years of experience.
Premium developments define the luxury landscape of Shivaji Park, with Sugee Samruddhi leading at ₹75,700 per sq ft. Divine Park 55 follows with an asking price of ₹61,150 per sq ft, representing a 10.53% increase. Other notable projects like Dipti Ocean Terraces and Suraj Parkview continue to set high benchmarks, with the latter showing impressive growth of 11.52%.
Top projects demonstrate varied rental potential, with Siddhi Vinayak Shivaji Park leading at ₹184 per sq ft. Amrut Meraki and Dipti Ocean Terraces follow with rates of ₹173 and ₹161 per sq ft, respectively. Notably, Dipti Ocean Terraces has experienced a 10.27% increase in rental value over the past year.
Government Registrations
Government Registration in Shivaji Park, Mumbai
Official registration data for the period between November 2025 and October 2026 highlights a stable transaction environment in Shivaji Park. The market recorded 7 registrations with a gross value of ₹10 Cr, reflecting steady buyer activity. The average registered rate stands at ₹32,650 per sq ft, providing a clear picture of the current transaction trends in the area.
Sales Transactions7
Gross Sales Value₹ 10 Cr
Registered Rate₹ 32,650/Sq.Ft
Recent Registered Transactions
Recent Registered Transactions in Shivaji Park
The market saw 7 registered transactions during the recent period, accumulating a gross value of ₹10 Cr. These registrations were concluded at an average rate of ₹32,650 per sq ft.
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-06-06
Floor 20, Unit 2004
N/A
448 Sq.Ft.
2026-01-06
Floor 4, Unit 401
N/A
377 Sq.Ft.
2025-12-16
Floor 19, Unit 1905
N/A
446 Sq.Ft.
2025-12-16
Floor 17, Unit 1705
N/A
446 Sq.Ft.
2025-12-16
Floor 19, Unit 1904
N/A
462 Sq.Ft.
2025-11-26
Floor 20, Unit 2005
N/A
446 Sq.Ft.
2025-11-21
Floor 21, Unit 2101
N/A
647 Sq.Ft.
2025-11-13
Floor 21, Unit 2102
N/A
487 Sq.Ft.
2025-10-09
Floor G, Unit 1
N/A
774 Sq.Ft.
2025-10-08
Floor 10, Unit 1001
N/A
1868 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Shivaji Park, Mumbai
Rental rates in Shivaji Park cater to various needs, with 1 BHK units averaging ₹73,000 per month. Those seeking more space can opt for 2 BHK apartments at ₹1.14 Lakh per month, while 3 BHK units command a premium of ₹2.09 Lakh per month. Studio apartments remain available for ₹35,000 per month, completing the residential rental spectrum. Rental rates across the area are fairly uniform, with Shivaji Park, Matunga West, and Dadar West all averaging around ₹150 per sq ft. Mahim and Chandrakant Dhuru Wadi command higher rates at ₹200 per sq ft, while Senapati Bapat Marg remains the most expensive at ₹250 per sq ft. These rates reflect the localized demand for premium housing across these interconnected neighborhoods. The apartment segment in Shivaji Park is the primary focus for renters, with average rates of ₹150 per sq ft. This category has seen a positive annual growth of 3.9%, signaling sustained interest in apartment living. Top projects demonstrate varied rental potential, with Siddhi Vinayak Shivaji Park leading at ₹184 per sq ft. Amrut Meraki and Dipti Ocean Terraces follow with rates of ₹173 and ₹161 per sq ft, respectively. Notably, Dipti Ocean Terraces has experienced a 10.27% increase in rental value over the past year.
Rental rates in Shivaji Park cater to various needs, with 1 BHK units averaging ₹73,000 per month. Those seeking more space can opt for 2 BHK apartments at ₹1.14 Lakh per month, while 3 BHK units command a premium of ₹2.09 Lakh per month. Studio apartments remain available for ₹35,000 per month, completing the residential rental spectrum.
Rental rates across the area are fairly uniform, with Shivaji Park, Matunga West, and Dadar West all averaging around ₹150 per sq ft. Mahim and Chandrakant Dhuru Wadi command higher rates at ₹200 per sq ft, while Senapati Bapat Marg remains the most expensive at ₹250 per sq ft. These rates reflect the localized demand for premium housing across these interconnected neighborhoods.
The apartment segment in Shivaji Park is the primary focus for renters, with average rates of ₹150 per sq ft. This category has seen a positive annual growth of 3.9%, signaling sustained interest in apartment living.
Frequently Asked Questions About Property Rates in Shivaji Park, Mumbai
What is the current average asking price in Shivaji Park as of September 2026?
As of September 2026, the average asking price in Shivaji Park stands at ₹55,850 per sq ft. This rate has depreciated by 0.48% compared to the previous period, reflecting a slight market correction in the locality.
How have property prices in Shivaji Park trended throughout 2026?
Property prices in Shivaji Park have shown a fluctuating trend throughout 2026. The location rate moved from ₹56,100 per sq ft in March 2026 to ₹55,850 per sq ft in June 2026, and remained at ₹55,750 per sq ft as of September 2026, suggesting a period of price stabilization following earlier adjustments.
How do property prices in Shivaji Park compare to nearby Mumbai localities?
Property prices in Shivaji Park, currently at ₹55,850 per sq ft, are among the premium segments in the area. For comparison, Prabhadevi commands a higher average of ₹67,900 per sq ft (which has appreciated by 8.02%), while nearby areas like Dadar East and Wadala East are priced at ₹47,100 per sq ft and ₹33,050 per sq ft, respectively, as of September 2026.
What is the price difference between Ready To Move and Under Construction properties in Shivaji Park?
As of September 2026, Under Construction properties in Shivaji Park are priced at an average of ₹57,900 per sq ft, having appreciated by 5.8% compared to the previous period. In contrast, Ready To Move properties are available at an average of ₹52,200 per sq ft, which has seen a depreciation of 1.28% over the same timeframe.
What does the rental yield in Shivaji Park indicate for real estate investors?
The rental yield in Shivaji Park is currently 3.31% as of September 2026. This yield represents the annual rental income relative to the capital investment, helping investors gauge the income-generating potential of residential apartments in this premium locality, where the average rental rate is ₹154 per sq ft.
What is the BHK-wise rental pattern for apartments in Shivaji Park?
Rental rates in Shivaji Park vary significantly by unit size as of September 2026. Studio apartments average ₹35,000 per month, while 1 BHK units command ₹73,000 per month. Larger configurations such as 2 BHK and 3 BHK apartments are priced at an average of ₹1.14 Lakh and ₹2.09 Lakh per month, respectively, catering to diverse tenant profiles from single professionals to families.
Which projects in Shivaji Park currently command the highest rental rates?
As of September 2026, the top projects by rental rates in Shivaji Park include Siddhi Vinayak Shivaji Park at ₹184 per sq ft (depreciated by 8.46%), Amrut Meraki at ₹173 per sq ft (appreciated by 4.85%), and Dipti Ocean Terraces at ₹161 per sq ft (appreciated by 10.27%). These projects represent the premium rental segment within the locality.
How does the asking price in Shivaji Park compare to the Government Registration Rate?
The average asking price in Shivaji Park is ₹55,850 per sq ft, while the Government Registration Rate is recorded at ₹32,650 per sq ft for the period of November 2025 to October 2026. This gap between the market-driven asking price and the government-notified rate is a key metric for buyers to consider when evaluating the total cost of acquisition and stamp duty implications.
What are the most expensive residential projects in Shivaji Park by listing rate?
As of September 2026, Sugee Samruddhi is the highest-priced project with a listing rate of ₹75,700 per sq ft, having appreciated by 4.93%. Other premium projects include Divine Park 55 at ₹61,150 per sq ft (appreciated by 10.53%) and Dipti Ocean Terraces at ₹60,800 per sq ft, which has remained stable with 0% change over the observed period.
How should a buyer interpret the property rate data provided for Shivaji Park?
Buyers should use the property rate data to understand the market positioning of different projects and statuses in Shivaji Park. By comparing the current average asking price of ₹55,850 per sq ft against specific project rates and the status-wise pricing, such as the ₹57,900 per sq ft for Under Construction units, investors can identify whether a project is priced at a premium or offers value relative to the broader locality trends as of September 2026.
