Overview of Shantivan, Mumbai

Location and Accessibility

• Shantivan, located in Borivali East, is a well-developed locality in Mumbai.
• It is just a 10-minute walk from the local railway station.

Property Prices

Residential Flats

• Residential flats' prices in Shantivan vary. For new acquisitions, they range from ₹1.61 Cr to ₹2.86 Cr for 1-5 BHK units.
• Certain regions offer prices between ₹1.9 Cr and ₹3.75 Cr for a variety of options.

Rental Properties

• You might find 1 BHK apartments renting for around ₹25,000 monthly. Also, there is a security deposit of ₹1 lakh. These flats are usually unfurnished but offer modern facilities.

Property Rates and Trends

• Consistently increasing property rates can be found in Borivali East. Here are some key trends:
  • From Jan-Mar '24: ₹20,462 per sq.ft with a 4% quarter-over-quarter increase.
  • For 2024: ₹20,612 per sq.ft with a 9% yearly boost.
  • 2023: ₹18,905 per sq.ft with a 5% yearly rise.
  • 2022: ₹17,996 per sq.ft with a 4% yearly increase.
  • Back to 2021: ₹17,375 per sq.ft with a 5% yearly rise.

Amenities and Facilities

• Shantivan properties come with modern amenities meeting lifestyle needs.
• Nearby are educational institutions like Gopal's Garden High School and healthcare services such as Dr. Khatav’s Mother’s And Child Hospital.

Types of Properties

For Sale

• For sale options range from 1 BHK to 5 BHK flats at various price points, affected by location and amenities.

For Rent

• You will find rental options, primarily 1 BHK, along with other configurations for stylish living quarters.

PropertyWala's Conclusion

Borivali East, home to Shantivan, proves itself as a prime area in Mumbai with excellent accessibility to the railway station and essential local amenities. The area provides diverse property choices, from affordable rentals to premium purchases. With consistent property value increase, it is an appealing choice for both buyers and renters. However, it is important to consider current market price trends for a wise decision.