Age 45: Staying Family of 3 (Husband and Kid – just 1 year old), I have seen a few flats near by, And like an old flat around 40 year old building 1st Floor, near Starbucks Shivaji Park it looks spacious and the structure still looks strong with recent maintenance done, it’s a 3 floor building the on paper carpet is 400 but useable is around 470, My parents also stay near by. But last week I saw a 380 Carpet almost new bldg. with OC, No amenities 5th Floor near kabootar khana and like that also Now I am confused, The old bldg. has scope of redevelopment in the future but there is a hassle of shifting and we do not know the time, The new building has plenty of light and the room feels vibrant and give a fresh feel
Looking to buy a flat near Shivaji Park - Buying a 400carpet agreement value - 1BHK for 2cr in old bldg or should I go for 380 carpet 2 year old Bldg for 2.25+taxes near
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For a 1 BHK in Shivaji Park, is generally the better long-term investment, I suggest you to look for new building like Promesa West End is a newly constructed 22 floors building with 1 BHK and 2 BHK. They are providing 450 sq.ft carpet for 1BHK budget around 2.16 Cr and 504-684 sq.ft carpet for 2 BHK.with well-maintained infrastructure and offers modern facilities. I’m currently residing in this apartment, I really satisfy in investing in this area. It will take only 5 minutes from Metro Line and 10 minutes from the sea link. This makes my travel easy. I’m sure Shivaji Park is the best place for better investment as well as comfortable for living with families.If you prefer freshness, natural light, and hassle-free living right now, the new flat is the better choice compared to older buildings that may face redevelopment uncertainty.
Since you have a young child and your parents live nearby, the old flat offers more space and family convenience, plus possible redevelopment value in the future. But it might be hassle of shifting. I would like to suggest you Indrani Complex, it a 10 year old 7 storey building over 480 sq.ft carpet in 1.98 Cr budget with proper amenities and gated society. It may be a 40-year-old building, but the flat is spacious, well-maintained, and very convenient for your family. The cost also fits within your budget, which makes this a sensible choice. Redevelopment could bring future benefits, but even as it stands today, the flat offers both space and convenience for your family. This residential property is located very close to the market and railway station, which make your life easier. Within 2 km you can reach Siddhi Vinayak Temple and BAPS Swaminarayan temple. This flat is located in a well-connected area with easy access to education and healthcare. Prestigious schools such as Shardashram Vidyamandir and IES Modern English School, ensuring quality education options close to home. For healthcare needs, St. Anthony CHS BMC Hospital and Thakur Hospital are within reach, providing reliable medical facilities. For leisure and fun time you can go to Chatrapati Shivaji Park and nearby Chowpatty beach. Overall, it is a best long term investment as well as ideal choice for comfortable and convenient family living.
In my point view, I will recommend you to go for old building because compared to new buiidings,old buildings are usually cheaper in prime areas like Dadar. This will help you to enter into the premium neighborhood at a relatively lower price, which is especially beneficial for first-time buyers or investors looking for long-term value. If you see, mostly old buildings are located very close to railway station, schools and hospitals. In areas like Dadar, landmark is more valuable than the structure. Even if the building is old, the land price will keep increasing and it is best for long-term investment. In old building, the carpet is quite larger and more comfortable for living with family and it does not cost more maitainence charge. During redevelopment, you will get a brand new luxurious flat with extra-large carpet in the same premium location. During construction, you’ll receive rental compensation and the property value also increase significantly after redevelopment.
In my opinion, if your priority is a smooth and stress-free lifestyle, I would suggest going for the newer building near Shivaji Park. Hence, in Shivaji Park you’ll find many new buildings with all modern facilities. At this stage, with a young child, daily comfort and stability become very important. A newer building gives you a fresh, well-maintained home where you don’t have to worry about repairs, leakage issues, or future redevelopment uncertainty. You can simply move in and settle down peacefully. Projects like Suraj Park View, Siddhi Vinayak Habitat, Promesa West End offer good carpet with world-class amenities, which falls under your budget and you can have good transport facilities, metro connectivity, markets and schools are at walkable distance.
Shivaji Park is one of the most significant places in Mumbai and well-established residential areas, known for its large open spaces and peaceful lifestyle. The presence of Chhatrapati Shivaji Maharaj Park adds great value, offering a rare combination of greenery and city living. With excellent connectivity, reputed schools such as IES Modern High School,Bombay Scottish School, Dr. Antonio Da Silva Technical High School and hospitals nearby, it’s ideal for families. Properties here always hold strong value, making it a smart long-term investment.
Whether you are planning to buy a flat under construction, there are lot of under construction projects is going on in Shivaji Park. The main benefit of booking an under construction flat is lower price. Yes,you will book a flat 10-20% lower than ready-t0-move flat, Shivaji Park is a good location definitely you will get good appreciation by possession. Compared to ready-to-move flats, buying under-construction buildings also gives you flexible payment plans. In some projects, you may customize your flat by choosing tiles,fittings and even minor layouts. But project will take 2-3 years longer than they promised. Before committing, always check RERA registration, builder reputation and construction process.
In Shivaji Park, Dadar , there are several under construction projects are there. Most of the constructions will complete in December 2026, making it a good time to invest now and benefit from future price appreciation. These upcoming projects offer modern amenities, better layouts, and newer construction quality, which is a big advantage over older buildings. You also get the benefit of flexible payment plans during construction, making it easier to manage finances. Here I am listing some premium under construction project which you can go through
- The Baya Midtown
- Suraj Park View
- Sigma Garnet
- Suraj Emmanuel
- Mangesh Residency
- HRUB Avhad Oasis
- Shreeji Serenity
- Promesa West End
- Sugee Sukrut
- Sugee Gaurav
- Sugee Samruddhi
- Sugee Krishna Kunj
- Suraj Park View 2
Overall, Dadar West has a good mix of under-construction options, so you can choose based on your budget, carpet requirement, and lifestyle preference.
If you are looking for old building in the cost of Rs 2 Cr, there are wide range of 5 – 10 years old residential properties available for resale in Shivaji Paek and Dadar. They provide a perfect balance between modern living and the charm of good neighbourhood. Famous developers like Nishigandha Tower and Shreenath Heights offers mid to high rise buildings around 17 – 23 stoerys with well-constructed 1 BHK , 2 BHK and 3 BHK apartments. They also contains essential features like good ventilation, sufficient carpets, efficient layouts and uploaded interiors and it is ideally comfortable and convenient for residents. Most of these developments provide a modern lifestyle while being located in a culturally rich and vibrant area. With close proximity to Chhatrapati Shivaji Maharaj Park, reputed schools, hospitals, markets, and excellent connectivity, they offer both convenience and long-term value. These properties are a strong option for buyers who want a ready-to-move-in home in a prime location .
Shivaji Park, Dadar is the prominent,well-known and largely resident area located near sea-shore, offering an open and airy environment compared to dense surroundings. It is well connected and easily accessible from both western and central railway lines at Dadar Station.
I live near Shivaji Park, if you are looking for large space, honestly I’d encourage you to look for old building. Because in old building you can enjoy large carpet areas, rooms feel spacious compared to new towers. Another major benefits of old building is redevelopment, which can give owner larger flats, modern facilities and even financial compensation. I understand your concern about shifting hassle otherwise you can choose building 5-10 years old which will give you better lifestyle. Unlike very old and brand new building, these apartments often balancing the advantage of both. You don’t need to face any issues like seepage or wiring faults here,everything will settle. It is a ideal choice for families who want comfort, reliability and affordable price.