What is the PSF at Matruchaya?

Approximately Rs 69,053 per sqft on carpet builder-direct base. All-in cost including GST, stamp duty and registration approximately Rs 76,000 to 78,000 per sqft.

Matruchaya by Sugee Shivaji Park Review 2026 — 2 BHK Prices, One-Flat-Per-Floor, RERA | Property Butler

Matruchaya by Sugee — Shivaji Park's One-Flat-Per-Floor Stack at Builder-Pricing Entry

Matruchaya is the newest Sugee Group tower in Shivaji Park — a G+22 single-stack project behind Shivtirth Bungalow on the prime Shivaji Park residential arc, with the configuration that has come to define Sugee's recent SoBo work: one flat per floor, complete vertical privacy, sized for the buyer who wants tower-living without a multi-flat lobby corridor. Property Butler is currently tracking one live 2 BHK in Matruchaya — 950 sqft carpet, High Floor (16–25), asking ₹6.56 Cr (approximately ₹69,053 per sqft on builder-direct pricing), with possession scheduled for December 2029. RERA is in the awaiting-approval stage at the time of this review — buyers must time their reservation against the project's RERA registration milestone, which Property Butler will confirm pre-booking. For a buyer comfortable with a 3-to-3.5-year possession window and the Sugee Group's pre-RERA reservation conventions, this is one of the cleanest entries into Shivaji Park in the ₹6–7 Cr band.

Matruchaya · Sugee Group · Shivaji Park · May 2026

~₹69,000/sqft · ₹6.56 Cr

2 BHK · 950 sqft carpet · High Floor · G+22 · 1 flat per floor · Dec 2029 possession

Snapshot — At a Glance

Locality	Shivaji Park · Dadar West · behind Shivtirth Bungalow
Developer	Sugee Group
Built form	G+22 single tower · 1 flat per floor
RERA status	Awaiting RERA approval (project pre-registration phase)
IOD / car parking	IOD received for car parking · approvals progressing
Possession	December 2029
Configurations tracked	2 BHK · 950 sqft carpet (live unit)
Asking price	₹6.56 Cr · ~₹69,053/sqft on carpet (builder-direct)
Floor / View	High Floor (16–25) · City View · vertical privacy
Property Butler inventory	1 live 2 BHK · ₹6.56 Cr ++

Why Matruchaya — The Buyer Perspective

Shivaji Park has been South Mumbai's quiet luxury micro-market for fifty years — the cricket-heritage neighbourhood that sits between Dadar West's high street and Mahim's western seafront, with a low-density character that the larger glass-tower micro-markets (Worli, Lower Parel, Mahalaxmi) have permanently lost. The buyer profile for Shivaji Park in 2026 is sharper than the broader SoBo market: second-generation Marathi family wealth, professional-services partners, NRIs returning to live near family, plus the long-tail of cricket-association households around the maidan. They want a permanent residence, not a flip; large floor plates over headline amenities; and a community character that buys back into the next twenty years. Matruchaya is built for exactly this buyer.

The single most-important feature of Matruchaya is the one-flat-per-floor configuration. With 22 floors above ground and one apartment per floor, there is no shared lift lobby with neighbours, no shared corridor noise, and the entire floor plate belongs to the unit's owner. This is the same configuration Sugee Group has shipped at Sugee Gaurav (also Shivaji Park, fully covered) and at the higher-priced Sugee Marina Bay (Worli). The premium for one-flat-per-floor over a 2-flat-per-floor arrangement is typically ₹4,000–6,000/sqft on the asking PSF, justified by the irreversible privacy outcome — once the building is constructed, you cannot retrofit privacy. The ₹69,053/sqft Matruchaya ask absorbs roughly the ₹5,000/sqft Sugee privacy premium that the surrounding 2-flat-per-floor stock does not carry.

The honest cons of Matruchaya, for a buyer to think through with eyes open. First, the project is at the awaiting-RERA-approval stage. Sugee Group's track record on Shivaji Park / Dadar West projects (Sugee Krishna Kunj, Sugee Gaurav, Sugee Samruddhi, Janai Heritage) is strong on delivery, but pre-RERA reservations carry inherent paperwork-risk that buyers should price into the negotiation. Property Butler advises booking with a formal allotment letter only after the RERA registration is filed and the project number is in hand. Second, December 2029 possession is a 3.5-year wait from May 2026. Buyers planning to occupy must have alternate housing for 3.5 years; investors must price the construction-period holding cost (typically ₹15–20% of the booking value over 3.5 years of accumulated EMIs without rental yield). Third, the High Floor unit on the live shortlist is City View, not Sea View — Shivaji Park doesn't deliver Arabian Sea views from G+22 stacks in this micro-pocket; views are over Shivtirth/Shivaji Park maidan and the Dadar West rooftop skyline. Buyers wanting sea-view should look further west in Shivaji Park (the Mahim-arc stretch) or at Sugee Marina Bay (Worli).

The Live Configuration + Pricing

Config	Carpet (sqft)	Floor	View	Asking	PSF (carpet)
2 BHK	950	High (16–25)	City View	₹6.56 Cr ++	~₹69,053

Two things to flag on the pricing. The ₹6.56 Cr is builder-direct + GST applies on under-construction inventory; the ₹6.56 Cr is therefore the pre-tax base and the final-cost-of-ownership is approximately ₹7.10–7.25 Cr including 5% GST on the under-construction component, stamp duty (6% in Maharashtra) and registration (1%). For the analysis purpose this lifts the all-in PSF effectively to the ₹76,000–78,000/sqft range. The "++" sticker on the price typically signals that the developer reserves the right to revise upward at construction milestones — a frequent pattern in Sugee bookings.

Comparing the all-in to the broader Shivaji Park / Dadar West micro-market, Matruchaya's ₹76,000/sqft all-in benchmarks against Prabhadevi's ₹66,650/sqft Property Butler tracked locality average and Dadar West's stable ₹50,000–65,000/sqft band for older Cooperative Society stock. Matruchaya carries the privacy premium and the new-construction premium and prices accordingly — fair, in our view, for the one-flat-per-floor configuration if the buyer's hold horizon is 7+ years.

Matruchaya vs Two Shivaji Park Peers

Building	Position	~PSF	Standout
Matruchaya	Behind Shivtirth · G+22 · 1 FPF	₹69,000 builder · ~₹76,000 all-in	Newest Sugee 1-FPF in Shivaji Park · Dec 2029
Sugee Gaurav	Shivaji Park · 1 FPF · earlier vintage	₹55,000–₹62,000	Ready · resale market established
VCA Shree Udyan	Shivaji Park · sea view stack · 3 BHK heavy	~₹62,000–₹68,000	Sea view from upper floors · larger floor plates

The comparison frame matters. Sugee Gaurav (also 1-flat-per-floor) is a Ready-to-Move or near-Ready peer and trades at meaningfully lower PSF because there is no construction-risk premium and no developer-rate escalation embedded. VCA Shree Udyan is the 3 BHK Sea View competitor for the same Shivaji Park buyer profile, but it is a 6-unit Property Butler inventory situation and lower per-unit privacy (multi-flat-per-floor). Matruchaya's positioning is the new-construction privacy premium: a buyer specifically prioritising future-finish + 1 FPF + 3+ year hold accepts the ₹14,000/sqft delta versus Gaurav to get the longer-tenor amortisation runway and a fresh-build maintenance baseline.

Location and Connectivity

Matruchaya sits behind Shivtirth Bungalow, which places it on the Shivaji Park residential arc — a 3-minute walk to the Shivaji Park maidan, 6-minute walk to Sena Bhavan and the Cadell Road retail strip. From the lobby: Dadar Railway Station (Western Line + Central Line interchange) is 2.5 km, walkable in 25 minutes or a 6-minute auto ride; Bandra Worli Sea Link entry at Worli Naka is 6–9 minutes by car, opening Bandra and BKC in under 25 minutes; Bandra Kurla Complex is 6–7 km, accessible by both the Sea Link and the Eastern Express Highway via Sion. The new Dadar West Metro Line 3 alignment will dramatically shorten the BKC commute when the line goes operational on the central stretch in 2026.

Schooling and family proximities: Bombay Scottish School Mahim is 8 minutes; Hinduja College and Sydenham College complex is 12 minutes; Wadia Hospital and KEM Hospital Parel are 12–14 minutes; Bandra Hill Road retail spine is 15 minutes. The Cadell Road, Lakhamsi Nappu Road, and Shivaji Park access spine give walking-distance reach to the original Café Madras, Prakash, Aaswad, and the temple-and-association ecosystem that defines daily Shivaji Park life. The Mahim-arc western coastline gives running and walking access along the Mahim Causeway promenade five minutes by car.

Property Butler's Verdict

Matruchaya at ₹6.56 Cr++ for a 950 sqft 2 BHK on a high floor with one-flat-per-floor privacy is the right Sugee entry in Shivaji Park for a buyer with three specific traits: (a) 3.5-year-horizon possession-acceptable, (b) privacy-first preference over amenity-first, (c) Shivaji Park community-character commitment. Buy here if you can underwrite the December 2029 possession milestone, you want the Sugee 1-FPF privacy that no Lodha/Birla equivalent delivers in this size bracket, and you accept the City View versus chasing Sea View in a different micro-market. Don't buy here if you need Ready-to-Move occupancy, you need RERA-registered contractual certainty at the booking moment, or your investment thesis requires rental yield in the next 12–36 months (this is a 2029 occupation building). Negotiation room with Sugee Group at the awaiting-RERA-approval stage has historically included (i) lock on the ₹6.56 Cr asking once a formal allotment letter is issued post-RERA, (ii) GST optimisation through staged-payment structuring, (iii) parking allocation specification (IOD-received status helps lock parking spec at booking).

Property Butler · 1 live unit in Matruchaya + the wider Sugee Shivaji Park pipeline

2 BHK 950 sqft, High Floor, City View, ₹6.56 Cr++. Booking advisory + RERA-readiness check + Sugee paperwork audit included.

WhatsApp us about Matruchaya

Property Butler Live Inventory in Matruchaya

2 BHK · 950 sqft carpet · High Floor (16–25) · City View · Dec 2029 · ₹6.56 Cr++

View Shivaji Park inventory →

Frequently Asked Questions

Is Matruchaya RERA-registered?

Matruchaya is currently in the awaiting-RERA-approval stage — the project has progressed through IOD (Intimation of Disapproval) approval for car parking with municipal approvals advancing. Property Butler advises buyers to convert to a formal allotment only after the MahaRERA registration number is in hand, typically within the first construction-cycle milestone post-foundation work.

What does "one flat per floor" mean at Matruchaya?

Each of the 22 residential floors above ground has exactly one apartment. There is no shared lift lobby, no shared corridor, and no neighbour on the same floor. The entire floor plate's privacy belongs to the unit owner. This is a configuration Sugee Group has executed at peer projects including Sugee Gaurav and Sugee Marina Bay.

When is Matruchaya possession?

The declared possession is December 2029 (approximately 3.5 years from May 2026). Construction milestones and RERA-declared possession date should be tracked once the project is registered. Sugee Group's track record on Shivaji Park / Dadar West projects has been credible on delivery within stated windows.

What is the asking PSF at Matruchaya?

The live 2 BHK is asking ₹6.56 Cr++ on 950 sqft carpet, which works out to approximately ₹69,053/sqft on builder-direct base. Including 5% GST on the under-construction component, 6% stamp duty and 1% registration, the all-in cost lifts the effective PSF to approximately ₹76,000–78,000.

Are Matruchaya 2 BHKs sea-facing?

No — the live Matruchaya 2 BHK on the High Floor is City View, with the Shivaji Park maidan and the Dadar West skyline as the principal outlook. Shivaji Park's interior pocket does not deliver Arabian Sea windows from this micro-position. Buyers wanting sea view should consider Sugee Marina Bay (Worli) or the Mahim-arc western stretch of Shivaji Park.

Will banks approve home loans on Matruchaya pre-RERA?

Major Indian banks (HDFC, ICICI, SBI, Axis, Kotak) require MahaRERA registration before sanctioning home loans on under-construction inventory. Property Butler typically advises bookings be structured with a token amount pre-RERA and the formal allotment + bank sanction sequenced post-RERA registration. We coordinate the bank technical-and-legal at the right milestone.

How does Matruchaya compare to Sugee Gaurav for a 2 BHK buyer?

Sugee Gaurav (peer Shivaji Park 1-FPF build) is Ready or near-Ready and trades at the ₹55,000–62,000/sqft band — meaningfully lower PSF because there is no construction-risk or developer-rate-escalation premium. Matruchaya carries roughly a ₹10,000–14,000/sqft new-construction + 2029-possession premium. The Matruchaya thesis is for a buyer with a 7+ year hold and a preference for fresh-build maintenance baseline; Sugee Gaurav is the right call for a buyer who needs the Shivaji Park 1-FPF format but with immediate occupancy.