Park 55 — Shivaji Park / Dadar West's Newest Ready-to-Move G+21 Tower
Park 55 by the Divine Group is the most relevant new-construction launch on the Shivaji Park edge of Dadar West to come ready-to-move-in over the past eighteen months. Sited near the Siddhivinayak Temple junction on the Dadar West-Prabhadevi border, it is a single G+21 storey tower with five units per floor in Wing A — a 2 BHK at 446 sqft asking ₹2.70 crore at the entry, scaling to a 3 BHK at 972 sqft asking ₹5.99 crore at the top of our active inventory. Property Butler is currently transacting five live units in this building across 2 BHK and 3 BHK formats, and the building's positioning answers a very specific Mumbai brief — a fresh-construction, ready-possession premium tower in Shivaji Park geography without crossing into Worli or Lower Parel pricing. For the buyer who has been waiting three years for a fresh tower in this catchment, Park 55 is the most actionable opportunity in the micromarket today.
Park 55 — Shivaji Park, Dadar West — May 2026
₹2.70 Cr — ₹5.99 Cr
2 BHK · 3 BHK · 445 – 972 sqft carpet · Ready to move in · G+21 single tower
Snapshot — At a Glance
Why Park 55 — The Buyer Perspective
Shivaji Park is the cultural spine of central Dadar — a sixty-year-old residential precinct with the open expanse of Shivaji Park itself, the Marathi-cultural heritage of Dadar West, and a five-minute walk to Siddhivinayak Temple at the Prabhadevi border. The catchment historically has been dominated by 1960s-to-1980s society buildings on JK Sawant Marg, Cadell Road and Veer Savarkar Marg — fresh-construction supply has been chronically thin, and most of the recent redevelopments in the area have either stayed within the 12-to-15 storey envelope or have been pre-launches priced at Worli-adjacent PSFs. Park 55 lands in a clean white space — a G+21 ready-to-move tower with five units per floor, asking PSFs in the ₹55,000–₹62,000 band, and a credible Divine Group-built amenity stack that includes a gym, rooftop yoga and meditation deck, rooftop lounge with city skyline views, a grand entrance lobby, premium branded fittings, and podium car parking with CCTV and full power backup.
The buyer profile splits cleanly. The two compact 2 BHKs — 446 sqft at ₹2.70 Cr and 445 sqft at ₹2.75 Cr — are aimed squarely at the Shivaji Park professional, the parent buying for an adult child working in Lower Parel or BKC, and the investor looking for a sub-₹3-crore ready-to-move asset in a credible South Mumbai locality. The 687 sqft 2 BHK at ₹3.79 Cr and the 729 sqft 2 BHK at ₹4.10 Cr open up the family-of-three buyer segment — comparable layouts in Worli or Prabhadevi at this carpet size run ₹5.5–6.5 Cr today. The single 3 BHK at 972 sqft asking ₹5.99 Cr is the best value-for-money pick in the building — a true family-sized 3 BHK in central South Mumbai geography under the ₹6 crore mark is genuinely scarce in 2026 ready-stock supply.
The honest cons. The RERA registration is application-stage rather than approved at the time of writing. This is not unusual for newly-completed Mumbai projects in the OC-to-conveyance window, but every buyer must verify the live RERA number before signing the Agreement for Sale and must hold the developer to producing a copy of the OC, society formation status and conveyance roadmap. The 446 and 445 sqft 2 BHK formats are genuinely compact — efficient for two adults but tight for a family with growing children, and any buyer should walk the unit before committing. Park 55 is a single-tower G+21 — there is no club-amenity scale of a Lodha or Rustomjee tower, no swimming pool, no dedicated kids area beyond the rooftop. The view profile is predominantly city-view rather than sea-view; the Shivaji Park-Prabhadevi border is set inland from the Worli sea face, and only ultra-high-floor units would catch any horizon glimpse. And the Divine Group, while a credible new-age Mumbai developer, is not a Lodha-tier or Rustomjee-tier brand — buyers should evaluate the developer's prior delivery track record and OC issuance timeline before committing capital.
Configurations and Pricing Ladder
| Config | Carpet | Asking price | Implied PSF | Floor / unit notes |
|---|---|---|---|---|
| 2 BHK | 446 sqft | ₹2.70 Cr | ₹60,538 | Mid Floor (8-15) · Wing A · Unit 02 |
| 2 BHK | 445 sqft | ₹2.75 Cr | ₹61,797 | Mid Floor (8-15) · Wing A · Unit 03 |
| 2 BHK | 687 sqft | ₹3.79 Cr | ₹55,167 | Mid Floor (8-15) · Wing A · Unit 04 |
| 2 BHK | 729 sqft | ₹4.10 Cr | ₹56,241 | Mid Floor (8-15) · Wing A · Unit 01 |
| 3 BHK | 972 sqft | ₹5.99 Cr | ₹61,625 | Mid Floor (8-15) · Wing A · Unit 05 |
Reading the Park 55 pricing ladder
Property Butler benchmarks Shivaji Park / Dadar West new-construction PSFs in 2026 between ₹48,000 (legacy redevelopment, low floor) and ₹66,000 (premium tower, high floor). Park 55 sits firmly in the ₹55,000–₹62,000 PSF band — the upper-mid quartile for the catchment. The 729 sqft 2 BHK at ₹56,242 PSF is the cleanest math in the building — a premium ready-to-move 2 BHK for the price of a three-year-old resale unit in the area. The 972 sqft 3 BHK at ₹61,625 PSF carries a small premium versus the 2 BHK stack, justified by the genuinely scarce supply of family-sized 3 BHKs in this carpet band and locality. The compact 446 sqft 2 BHK at ₹60,538 PSF is priced at a small per-sqft premium relative to the larger 2 BHK — typical for compact formats which command higher PSFs because of the absolute-ticket affordability. Buyers should anchor any negotiation on the larger 729 sqft 2 BHK and the 972 sqft 3 BHK — those are the highest-conviction value picks in the building.
Comparison vs Two Nearest Peer Buildings
| Building | Asking PSF range | Possession | Standout factor |
|---|---|---|---|
| Park 55 (Shivaji Park / Dadar West) | ₹55,000 — ₹62,000 | Ready to Move In | G+21 single-tower with 5 units per floor · ready possession in scarce-supply catchment |
| Park Abode (Shivaji Park / Dadar West) | ₹50,000 — ₹57,000 | Ready to Move In | 22-storey ready-to-move with 1 BHK and 2 BHK stack · entry-level catchment access |
| The Baya Midtown (Dadar West) | ₹49,000 — ₹60,000 | Ready to Move In | 22-storey RERA-approved tower · larger 656–741 sqft 2 BHK stack with high-floor inventory |
Location and Connectivity
Park 55's address on Old Prabhadevi Road, near the Siddhivinayak Temple junction, places it on the most desirable arterial of the Shivaji Park-Prabhadevi corridor. Siddhivinayak Temple is a five-minute walk; the Worli Sea Face waterfront is a six-minute drive; the Bandra-Worli Sea Link on-ramp is twelve minutes; the Coastal Road interchange at Worli adds a second high-speed connectivity vector to South Mumbai. Dadar Railway Station — the only mainline Mumbai station that catches both Western and Central railway lines — is a six-minute drive. The Mumbai Metro Line 3 (Cuffe Parade-Aarey) Siddhivinayak station is in commissioning, opening up a true rapid-transit South Mumbai connection in the medium term. The international airport is twenty-eight minutes off-peak via the Eastern Express Highway.
For schools, Balmohan Vidyamandir Dadar, Indian Education Society, and Don Bosco High School Matunga are all within a fifteen-minute drive. For healthcare, P.D. Hinduja Hospital Mahim, K.J. Somaiya Hospital, and the Tata Memorial Hospital cluster at Parel are within a fifteen-minute radius. The Shivaji Park ground itself anchors the locality's lifestyle — the famous evening walking circuit, the Dadar TT and Plaza precincts for everyday retail, the Marathi cultural-arts ecosystem of Shivaji Mandir and Bal Gandharva Rang Mandir. For luxury retail and F&B, Lower Parel's Phoenix Palladium and Worli's Kamala Mills are both under twelve minutes. The Bandra Kurla Complex commercial district is fifteen minutes via the Sea Link, and the Lower Parel commercial cluster is six minutes through the Senapati Bapat Marg corridor.
Property Butler's Verdict
Property Butler — verdict on Park 55
Park 55 is the right answer for the buyer who wants Shivaji Park / Dadar West geography in a fresh G+21 tower with ready possession, without paying Worli or Prabhadevi PSFs. The two highest-conviction picks in our inventory are the 729 sqft 2 BHK at ₹4.10 crore and the 972 sqft 3 BHK at ₹5.99 crore — both are family-usable carpet sizes, both sit in the cleanest PSF band of the building, and both have the strongest resale-liquidity profile in this micromarket. We are cautious on the compact 446 and 445 sqft 2 BHKs as primary residences for families with children — the carpet is genuinely tight — but they remain credible plays for single professionals, NRI investors, or parents buying for an adult child who works in central Mumbai. Before any booking, every Park 55 buyer should obtain a copy of the live RERA registration, the Occupation Certificate, the society formation status and the conveyance roadmap. The honest negotiation lever here is the OC-and-conveyance documentation pack — buyers paying ready-stock prices should receive ready-stock paperwork, and we hold the developer to that standard for every Property Butler-mediated transaction.
Property Butler Inventory in Park 55
Park 55 — 2 BHK
446 sqft · Mid Floor (8-15) · Wing A · Unit 02 · City View · Ready to Move In
₹2.70 Cr
Park 55 — 2 BHK
445 sqft · Mid Floor (8-15) · Wing A · Unit 03 · City View · Ready to Move In
₹2.75 Cr
Park 55 — 2 BHK
687 sqft · Mid Floor (8-15) · Wing A · Unit 04 · City View · Ready to Move In
₹3.79 Cr
Park 55 — 2 BHK
729 sqft · Mid Floor (8-15) · Wing A · Unit 01 · City View · Ready to Move In
₹4.10 Cr
Park 55 — 3 BHK
972 sqft · Mid Floor (8-15) · Wing A · Unit 05 · City View · Ready to Move In
₹5.99 Cr
What Park 55 Buyers Commonly Miss
The Shivaji Park / Prabhadevi border premium is real. Buyers often treat Shivaji Park and Dadar West as interchangeable, but a Park 55 unit on Old Prabhadevi Road sits at a roughly 8–12% PSF premium versus a comparable Dadar West interior unit on JK Sawant Marg, because of the Siddhivinayak proximity, the Worli Sea Face and Sea Link connectivity, and the upcoming Metro Line 3 Siddhivinayak station catchment. Five units per floor matters more than buyers realise. Most legacy Dadar West buildings carry eight to twelve units per core, which translates into longer lift waits, higher society-overhead allocation per unit, and meaningfully thinner resale yields. Park 55's five-units-per-floor configuration is closer to a Worli or Prabhadevi premium tower density and supports stronger long-term resale economics. The 3 BHK at 972 sqft is the genuine scarce-supply pick. Family-sized 3 BHK ready-to-move stock under ₹6 crore in central South Mumbai is genuinely thin in 2026 — most Worli and Prabhadevi 3 BHK new-construction stock prices ₹8–14 crore. The Park 55 3 BHK at ₹5.99 crore is a clean entry into central South Mumbai 3 BHK living without the Worli premium. RERA-application-stage requires extra documentation discipline. A pending RERA application is not an automatic disqualifier for a ready-to-move project, but it does shift the documentation-burden onto the buyer — every booking must be conditional on receiving the live RERA number, the OC, and the society conveyance roadmap before payment milestones release.
Talk to Property Butler about Park 55
We hold five live units across 2 BHK and 3 BHK formats. Floor plans, RERA verification, OC documentation, payment schedule, bank approvals — handled by our team in-house.
See our Park 55 unitsWhatsApp UsFrequently Asked Questions about Park 55
Is Park 55 RERA approved?
Park 55's RERA registration is application-stage at the time of writing. Property Butler advises every buyer to verify the live RERA number on maharera.mahaonline.gov.in before signing the Agreement for Sale, and to obtain copies of the Occupation Certificate and society conveyance roadmap from the developer.
What is the price per sqft at Park 55?
Property Butler is currently transacting Park 55 in the ₹55,000–₹62,000 per sqft band across 2 BHK and 3 BHK formats. The 729 sqft 2 BHK at ₹56,242 PSF is the cleanest math; the 972 sqft 3 BHK at ₹61,625 PSF carries a small premium for the family-sized configuration.
When is Park 55 possession?
All five Property Butler units in Park 55 are ready-to-move-in at the time of writing. Buyers should obtain a copy of the Occupation Certificate from the developer as part of the booking documentation pack.
What configurations does Park 55 offer?
Park 55 offers compact 2 BHKs at 445–446 sqft, larger 2 BHKs at 687–729 sqft, and a 3 BHK at 972 sqft. The tower is a single G+21 storey wing with five units per floor in Wing A — a relatively low-density configuration for the Dadar West catchment.
What amenities are at Park 55?
The amenity package includes a fitness centre, rooftop yoga and meditation deck, rooftop lounge with city skyline views, a grand entrance lobby, premium branded fittings, podium car parking, full CCTV coverage and 24x7 power backup. The single-tower scale means there is no swimming pool or large clubhouse-amenity package.
Are home loans approved for Park 55?
Yes. SBI, HDFC, ICICI, Axis and LIC Housing all underwrite ready-to-move-in Mumbai residential projects subject to individual eligibility, RERA verification, OC and conveyance documentation. Property Butler can arrange in-principle approval and disbursement on a per-buyer basis.
How does Park 55 compare to Worli or Prabhadevi towers?
Park 55's PSF band of ₹55,000–₹62,000 is roughly 12–25% below comparable Worli premium towers (which trade at ₹68,000–₹1,10,000 per sqft) and roughly in line with Prabhadevi mid-band ready-stock. Park 55 does not offer sea views from its mid-floor stack and does not carry a Lodha or Rustomjee brand premium, but the ready-possession status, Shivaji Park geography, and Siddhivinayak proximity make it a credible value alternative for buyers prioritising location and ready-stock over sea-facing luxury.