These are the latest property rates in Shivaji Park, Mumbai — the heritage low-rise quarter of Dadar West around the maidan, Ranade Road, Kelkar Road and the Mahim Bay sea front — with price estimates, rental figures and how Shivaji Park compares with its neighbours.
Property Rates in Shivaji Park by BHK
Independent research puts property rates in Shivaji Park in a wide ₹39,800–70,650/sq.ft carpet band. The ₹52,000 headline is a blend — well above the ₹20,000 figure carried on older indices, which reflected a citywide-average fallback rather than this locality.
Rental Rates in Shivaji Park
From independent market research, not Asraa Realty’s own rental listings. Long-settled Maharashtrian families dominate ownership, so the rental pool is small. Against the sale figure for property rates in Shivaji Park, gross yield works out near 2.8–3.2%.
Property Rates in Shivaji Park: Price Trend
Modelled from Dadar West’s published appreciation (about +8% over the last year) and Shivaji Park’s own listing band — roughly +18% over three years and an estimated +30% over five, helped by redevelopment.
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Shivaji Park & Neighbouring Localities
| Locality | Rate | vs Shivaji Park |
|---|---|---|
| Prabhadevi | ₹64,000 | +23% |
| Dadar West | ₹55,000 | +6% |
| Shivaji Park (this locality) | ₹52,000 | — |
| Mahim West | ₹48,000 | -8% |
Prabhadevi, Dadar West and Mahim West are all independently researched and cross-verified as of 6 September 2026.
Shivaji Park is a pocket of Dadar West and trades just below the wider Dadar West average, its low-rise heritage stock offset by sea-view redevelopment towers that overlap Prabhadevi.
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Chat on WhatsApp or call +91 96199 73211About Shivaji Park
Shivaji Park is the low-rise heritage heart of Dadar West, laid out around the 28-acre maidan — the cradle of Mumbai cricket and the site of major political rallies — with Ranade Road, Kelkar Road, Gokhale Road and the Mahim Bay sea-face promenade around it.
What Affects Prices in Shivaji Park
Frequently Asked Questions
Common questions about property rates in Shivaji Park, covering residential and rental figures.
What is the current property rate in Shivaji Park?
The blended asking rate for property rates in Shivaji Park is around ₹52,000 per sq.ft carpet area (as of mid-2026). Independent research shows a wide ₹39,800–70,650 band.
Older and redevelopment-stage stock trades ₹40,000–50,000; new sea-view towers ₹60,000–78,000. An indicative transaction benchmark is around ₹38,000 per sq.ft.
Why did older data show Shivaji Park at only ₹20,000/sq.ft?
That figure was a citywide-average fallback, not a researched local rate — the kind of placeholder that appears when a locality has no direct data feed. Shivaji Park is a premium heritage pocket of Dadar West and has never traded anywhere near ₹20,000.
The corrected ₹52,000 blend is based on independent research and the wider Dadar West market.
Property rates in Shivaji Park on this page are indicative, on a carpet-area basis, from current listings and published research. The Ready Reckoner rate is set by IGR Maharashtra. These figures are not a valuation.
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