Shivaji Park in Mumbai is highly characterised by cultural vibrancy, historical significance and recreational amenities. This place generally serves as a unique and luxurious property within central Mumbai. Shivaji Park can also be termed as one of the largest residential and commercial areas in Mumbai. It also offers world-class facilities and amenities to its residents, including malls, hospitals, schools and transportation that add to the comfort of its residents.
What are ready reckoner rates?
The ready reckoner rates can also be called ready reckoner rates, district collector rates or guideline values. It is the minimum price at which real estate property is generally transformed from one owner to another. The ready reckoner rates are only registered by state governments and are also subject to change occasionally. In addition, these rates not only differentiate across cities but even in specific localities. You should also keep in mind that the ready reckoner rate of an area with a better transportation network, schools, hospitals, markets and other amenities will always be higher than the ready reckoner rate of a developing locality.
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Ready reckoner Rates of Shivaji Park in Dadar West, Mumbai
The ready reckoner rates of Shivaji Park in Dadar West, Mumbai, have risen by 0.63% in the last year. The starting property price in Shivaji Park is Rs 21,719 per sqft whereas the average price of properties there is Rs 44,185 per sqft. Hence, this price trend in Shivaji Park Mumbai indicates that both the buying and selling of properties are highly profitable.
| Average Price Per Sqft of Shivaji Park in Dadar West | Average Rent of Shivaji Park in Dadar West |
| Rs 44,185 | Rs I,00,000 |
Real estate trends of Shivaji Park in Dadar West, Mumbai
Shivaji Park in Dadar West holds a major position in the real estate scene of Mumbai due to its luxurious and top-notch facilities. However, it is always essential to be aware of the property trends in the locality before investing in Shivaji Park:
Shivaji Park Mumbai: Locality and connectivity
Shivaji Park is situated in the Dadar neighbourhood of Mumbai, Maharashtra. It is specifically located in the southern part of Dadar which is highly established in the residential as well as commercial area in the heart of Mumbai. Shivaji Park offers the best connectivity to the various parts of the city. The residents of Shivaji park can easily reach out to the Chhatrapati Shivaji International Airport in no time through the Western Express Highway as it is only 9 km from the locality.
Dadar Beach is only a short walk from Shivaji Park. It is also connected to other localities of Mumbai by Eastern & Western Express Highway. Moreover, the distance of the World Trade Center or Bombay Stock Exchange is 10 km from Shivaji Park.
Also, the Dadar railway station is only 3 km away. This locality has good accessibility to different modes of transportation such as buses, autos, cabs, trains, etc.
Shivaji Park Mumbai: Commercial Properties
The business spaces in Shivaji Park are carefully placed to form a lively business area that pulls in different types of industries. The commercial potential in Shivaji Park is mainly influenced by a thriving business atmosphere, well-designed infrastructure, and a mix of a good location, as well as the chances of business growth and development.
The Star Mall and the Nakshatra Mall are some of the major shopping malls in Shivaji Park Mumbai. In contrast, the Dhanwantari and the Hinduja hospitals are located in the nearby area. In addition, some well-known schools in Shivaji Park are Antonio Da Silva High School and IES Modern English School. This locality even offers some of the best colleges in proximity, like Kohinoor College, Ruparel College and the Institute of Hotel Management.
This area is also famous for its recreational hubs, such as Shivaji Park Gymkhana Club, the Bengali Club and the MG Olympic Swimming Pool.
Shivaji Park Mumbai: Residential Properties
The Shivaji Park in Mumbai generally features a diverse variety of residential properties, making it a perfect place to live. The residential landscape of Shivaji Park is mainly characterised by a mix of standalone houses, apartments, and condominiums. The properties in this locality serve various preferences by offering different styles and sizes to accommodate the specific needs of the residents.
It is a tree-lined neighbourhood with an amazing history attached, where the residents can feel the breeze flow uninterrupted as they walk in the lanes of heritage all around. In addition, the residents of Shivaji Park will also have access to an Artificial Lawn and a CrossFit area that can be used for parties and play, mechanised tower parking, a grand entrance lobby, firefighting equipment, 24-hour security, a rainwater harvesting system, power backup facility, RO water system, as well as earthquake resistant construction.
Hence, the residential properties in Shivaji Park offer a blend of cultural richness, comfort, and convenience to make it an appealing choice for those looking for a vibrant and well-balanced living experience in Mumbai.
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Factors affecting property price in Shivaji Park Mumbai
The value of the property and the amount by which it will appreciate over time depends on some specific factors. So, you need to consider these factors explained below before buying or investing in any property in Shivaji Park Mumbai:
Location
The location of Shivaji Park Mumbai will generally fetch a higher value due to its better transportation and connectivity to other areas. This locality is also close to the airport and railway station. So, the price appreciation of Shivaji Park will be faster and higher than a place that is not well-connected.
Infrastructure development
The infrastructure development in Shivaji Park is one of the significant factors that helps to increase its real estate value. The great expansion of the transportation networks mainly includes highways as well as metro lines that can highly enhance accessibility and connectivity to different parts of the city.
Quality of the building
The appreciation of property also depends on the quality of the structure. Usually, 2BHK or 3BHK houses or apartments are the ones with the highest demand. Shivaji Park offers quality apartments of independent houses in a housing society with additional features such as designated parking spaces, security teams, and recreational areas.
Why choose properties in Shivaji Park in Mumbai’s Dadar West?
Dadar west is a suburban and densely populated area known for one of the earliest planned localities in Mumbai. The best feature about this locality includes a prime location near the seashore. In addition, Dadar West offers a wide variety when it comes to real estate and all the property types are available in luxurious, mid-market, and affordable options. Shivaji park is one of the famous places in Dadar West which offers best amenities, and luxurious lifestyle at affordable prices.
| Residential properties in Dadar West | Commercial Properties in Dadar West |
| Â Â Â Â Â Rs 39,802-70,652 sq ft | Â Â Â Â Â Â Rs 1,05,000-3,32,000 sq ft |
FAQs
Which locality is also termed as the largest residential as well as commercial area in Mumbai?
Shivaji Park is also termed as one of the largest residential as well as commercial areas in Mumbai.
What are ready reckoner rates?
Ready reckoner rates are the minimum price at which the property of real estate is generally transformed from one owner to another. The ready reckoner rates are only registered by State Governments and are also subject to change from time to time.
How to calculate ready reckoner rates of any area?
You can simply use the following formula to calculate the ready reckoner rate of any area: Ready reckoner rate = Part of the land ratio x land cost + flat area x building cost + common area x construction cost.
What is the starting rate per sqft in Shivaji Park Mumbai?
The starting property price in Shivaji Park is Rs 21,719 per sqft.
Why does Shivaji Park hold a major position in Mumbai's real estate?
Shivaji Park holds a major position in the real estate scene of Mumbai due to its luxurious and top-notch facilities. This place generally serves as a unique and luxurious property within central Mumbai. It also offers world-class facilities and amenities to its residents including malls, hospitals, schools, and transportation that adds to the comfort of its residents.
How long is the airport from Shivaji Park Mumbai?
Shivaji International Airport is very close to this locality as it is only 9 km from the locality through the Western Express Highway.
Which schools and colleges are located in Shivaji Park Mumbai?
One of the well-known schools located in Shivaji Park is Antonio Da Silva High School and IES Modern English School. This locality even offers some of the best colleges like Kohinoor College, Ruparel College and the Institute of Hotel Management in proximity.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
Saswat Kumar, a real estate writer, keeps up with the latest trends in residential real estate. He simplifies complex real estate jargon, making it accessible to all. Saswat’s data-driven analysis empowers buyers and investors to make informed choices in the housing market.
