Shri Nakoda Ratan Address — A Ready-Possession G+23 Tower in the Siddhivinayak Catchment of Prabhadevi
Shri Nakoda Ratan Address by Shri Nakoda Enterprises is a ready-to-move G+23 storey single-tower address in Prabhadevi — the upscale southern neighbourhood between Dadar and Worli, anchored at one end by the Siddhivinayak Temple and at the other by the Worli Sea Face arc. Property Butler is the in-house broker for one live unit in the building: a 2 BHK 683 sqft on the 14th floor at ₹3.75 Cr (Wing A, Unit 1401) — a city-view orientation at builder-finish stage with Ready to Move In possession status. The MahaRERA registration is P51900032985, the building delivers a 2 and 3 BHK configuration mix, and the address sits inside the most active Prabhadevi residential pin-code cluster.
For the buyer searching for a Prabhadevi address with imminent move-in certainty, sub-₹4 crore entry pricing, and credible RERA-registered status near the Siddhivinayak Temple, Shri Nakoda Ratan Address is a credible candidate. Prabhadevi's 2026 average asking PSF that Property Butler tracks is ₹66,650 on carpet, with the locality posting a 5-year capital appreciation of 30.4%. Shri Nakoda Ratan Address's asking PSF of ₹54,905 sits meaningfully below the locality average — reflecting the smaller carpet format, the city-view rather than sea-view orientation, and the mid-floor band positioning. For a buyer who values ready-possession Prabhadevi geography over carpet size or sea-view orientation, the math works at the entry-level luxury price tier.
Shri Nakoda Ratan Address · Prabhadevi · Near Siddhivinayak Temple · May 2026
₹3.75 Cr
2 BHK · 683 sqft carpet · 14th floor · Ready to Move In · G+23 tower
Snapshot — At a Glance
Why Shri Nakoda Ratan Address — The Buyer Perspective
Prabhadevi is one of the most resilient luxury micromarkets in central South Mumbai. The locality's structural anchors are unusually strong: Siddhivinayak Temple at the northern end (one of Mumbai's most-visited religious sites), the Mahalaxmi Race Course within a 4-minute drive at the southern edge, the Worli Sea Face waterfront arc within an 8-minute walk, and the Bandra-Worli Sea Link entry within a 6-minute drive. Most of the building stock here sits in 1980s-2000s society inventory at 12-to-18 storey scale; new-construction supply with ready-OC status and entry-level pricing under ₹4 crore is genuinely scarce. Shri Nakoda Ratan Address answers that gap — a G+23 single-tower address with 2 and 3 BHK configurations, ready-to-move possession status, and RERA registration in place.
The pros: Ready-to-move possession — no construction-risk window, no payment-stage capital lock-in, immediate mortgage-eligibility under ready-stock loan products at major banks. Siddhivinayak Temple proximity — one of the most enduring South Mumbai pin-codes for cultural and religious anchoring, and a structural premium for resale liquidity. Sub-₹4 crore entry into Prabhadevi geography — Property Butler tracks Prabhadevi 2 BHK ready-stock inventory typically asking ₹4-6 crore at the median, so the Shri Nakoda Ratan Address 2 BHK at ₹3.75 crore sits at the entry of the locality price band. Credible amenity stack scaled to the single-tower footprint — gymnasium, full power backup, 24x7 security, swimming pool, jogging track, kids play area, clubhouse, reading room and library. Connectivity profile — Prabhadevi railway station on the Western Line, BEST bus routes 39, 81, 110, 164, 165 and 172 directly serving the address, the upcoming Mumbai Metro Line 3 Siddhivinayak station within a 4-minute walk catchment.
The honest cons. The PSF of ₹54,905 — while below Prabhadevi locality average — reflects a city-view rather than sea-view orientation; buyers prioritising true Arabian Sea views should walk specific upper-floor units in the building or consider Worli Sea Face inventory at the higher PSF tier. The 683 sqft 2 BHK carpet is on the smaller end of the Prabhadevi luxury 2 BHK band — comparable Lower Parel and Mahalaxmi 2 BHK new-stock typically delivers 700-850 sqft at similar absolute price points, so buyers should compare carpet-per-rupee carefully. The single-tower G+23 form factor means amenity scale is functional rather than aspirational — buyers expecting a Lodha-style integrated clubhouse or 5-acre podium estate should look elsewhere. And Shri Nakoda Ratan Address is a settled-resale stock building rather than a fresh-launch trophy address — buyers seeking trophy-launch brand cachet should price the brand differential into their selection.
Configurations and Pricing Ladder
| Config | Carpet | Asking | Implied PSF | Floor / unit notes |
|---|---|---|---|---|
| 2 BHK (PB) | 683 sqft | ₹3.75 Cr | ₹54,905 | 14th floor · Wing A · Unit 1401 · City View · Ready to Move In |
| 3 BHK (wider building) | Larger formats available subject to inventory | Mid-stack pricing | ₹56,000 — ₹70,000 typical | Higher carpet stacks across the G+23 stack |
Reading the Shri Nakoda Ratan Address pricing ladder
Property Butler benchmarks Prabhadevi 2026 asking PSFs at ₹66,650 average. Shri Nakoda Ratan Address's 14th-floor 2 BHK at ₹54,905 PSF sits roughly 18% below locality average — reflecting the smaller carpet format, mid-floor band positioning and city-view orientation rather than premium sea-view. The absolute ticket of ₹3.75 crore is one of the cleaner sub-₹4 crore Prabhadevi ready-stock entry points Property Butler currently tracks, and the Siddhivinayak adjacency provides structural premium for resale liquidity through any market cycle. Buyers anchoring negotiation should benchmark against Prabhadevi entry-band peer inventory and price the Ready-to-Move OC certainty into the underwriting math.
Comparison vs Two Nearest Peer Buildings
| Building | Asking PSF range | Possession | Standout factor |
|---|---|---|---|
| Shri Nakoda Ratan Address (Prabhadevi) | ₹54,905 | Ready | G+23 single-tower · sub-₹4 Cr Prabhadevi entry · Siddhivinayak proximity |
| Park 55 (Shivaji Park / Dadar West) | ₹55,000 — ₹62,000 | Ready | G+21 single-tower · 5 units per floor · Old Prabhadevi Road |
| Eon One (Prabhadevi) | ₹65,000 — ₹85,000 | Under-construction / phased | Larger luxury stack · sea-view inventory available |
Location and Connectivity — Prabhadevi / Siddhivinayak
Shri Nakoda Ratan Address's Prabhadevi address sits inside the Siddhivinayak Temple catchment — an 8-minute walk to one of Mumbai's most-visited religious sites and one of the most-searched South Mumbai residential pin-code anchors. Prabhadevi Railway Station on the Western Line is approximately a 4-minute walk, providing direct connectivity to Mahim, Bandra, Andheri and the western suburbs without crossing into the Mumbai Metro. Mumbai Metro Line 3 Siddhivinayak station is in commissioning and will provide rapid-transit access to BKC (12-15 minutes), Cuffe Parade and Nariman Point (12 minutes) and the international airport (28 minutes) once Phase 2 is operational. The Bandra-Worli Sea Link entry is approximately a 6-minute drive via the Worli Sea Face arc; the Worli Coastal Road interchange adds a second high-speed connectivity vector to South Mumbai's southern tip. BEST buses 39, 81, 110, 164, 165 and 172 directly serve the address, providing one of the densest bus-route coverages in central South Mumbai.
For schools, IES Indian Education Society Dadar is a 5-minute drive, Don Bosco High School Matunga is 8 minutes, Balmohan Vidyamandir Dadar is 4 minutes, and Bombay Scottish School Mahim is 12 minutes. For healthcare, the Tata Memorial Hospital cluster at Parel is a 6-minute drive, P.D. Hinduja Hospital Mahim is 10 minutes, Lilavati Hospital Bandra is 14 minutes via Sea Link, and the Saifee and Bhatia Hospital ecosystem at Tardeo / Charni Road is 12 minutes. For luxury retail, Phoenix Palladium Lower Parel is 6-8 minutes, Atria Mall Worli is 4 minutes, and the BKC Jio World Drive is 18 minutes via Sea Link. The Worli Sea Face waterfront, Mahalaxmi Race Course, Haji Ali Dargah and Kamala Mills are all within a 6-10 minute drive radius. The international airport is 28-32 minutes off-peak via Western Express Highway.
Property Butler's Verdict
Property Butler — verdict on Shri Nakoda Ratan Address
Shri Nakoda Ratan Address is the right answer for the buyer who wants a Prabhadevi address in a ready-to-move G+23 tower with sub-₹4 crore entry pricing, RERA-registered status, and Siddhivinayak Temple adjacency. The single live unit in our inventory — the 683 sqft 2 BHK on the 14th floor at ₹3.75 Cr (₹54,905 PSF) — is positioned for the buyer who prioritises Prabhadevi geography and Ready-to-Move certainty over carpet size or sea-view orientation. The 14th-floor band sits well above the immediate streetscape with a clean city-view profile, the absolute ticket sits at the entry of the Prabhadevi locality price band, and the Siddhivinayak Temple proximity provides a structural premium that holds resale liquidity through any market cycle. Negotiate on: full OC and society conveyance documentation, parking allotment confirmation, society maintenance arrears check, any pending society dues, and pricing terms (confirm "all inclusive" rather than additional GST, stamp duty or registration). For buyers seeking larger carpet format or sea-view orientation, Eon One Prabhadevi or higher-PSF Worli Sea Face inventory are the substitutes; for buyers prioritising sub-₹4 crore Prabhadevi ready-possession entry with credible RERA standing and Metro Line 3 catchment, Shri Nakoda Ratan Address is the right pick.
Property Butler Inventory in Shri Nakoda Ratan Address
Shri Nakoda Ratan Address — 2 BHK
683 sqft · 14th floor · Wing A · Unit 1401 · City View · Ready to Move In
₹3.75 Cr
What Shri Nakoda Ratan Address Buyers Commonly Miss
Siddhivinayak Temple proximity is a structural resale-liquidity premium most buyers under-price. Prabhadevi addresses within walking distance of the Siddhivinayak Temple historically command a small but consistent PSF premium versus comparable interior Prabhadevi inventory, because the religious-and-cultural anchor draws sustained demand from families across the South Mumbai catchment. Shri Nakoda Ratan Address's ~8-minute walk to the temple sits inside that premium catchment. The Metro Line 3 Siddhivinayak station catchment is structurally underpriced. Properties within 800 metres of operational Mumbai Metro Line 3 stations have historically tracked 10-15% PSF outperformance versus comparable non-Metro inventory in the same locality once the line is fully operational — buyers underwriting Shri Nakoda Ratan Address should factor the Metro Line 3 commissioning timeline into their hold-period IRR. Prabhadevi's 30.4% 5-year capital appreciation is in the upper quartile of South Mumbai localities. Property Butler's tracked Prabhadevi 5-year change of 30.4% sits above several peer South Mumbai localities and reflects the structural under-supply of new-construction inventory in the catchment. Ready-to-Move status does not equal title-clear. Even ready-stock buildings can carry pending society conveyance, parking allotment ambiguity, or society dues — every Shri Nakoda Ratan Address buyer should obtain the OC, society conveyance status, parking allotment in agreement, and most recent society audited accounts before signing the Agreement for Sale. The structural address premium is real, but the documentation discipline matters as much.
Talk to Property Butler about Shri Nakoda Ratan Address
Floor plans, RERA verification, OC documentation, payment schedule, bank approvals — handled by our team in-house.
See our Shri Nakoda Ratan Address unitsWhatsApp UsFrequently Asked Questions about Shri Nakoda Ratan Address
Is Shri Nakoda Ratan Address RERA approved?
Yes, Shri Nakoda Ratan Address is registered with MahaRERA under registration number P51900032985. Property Butler advises every buyer to verify the live RERA status on maharera.mahaonline.gov.in and obtain copies of the Occupation Certificate and society conveyance status as part of the booking documentation pack before signing the Agreement for Sale.
What is the price per sqft at Shri Nakoda Ratan Address?
Property Butler is currently transacting Shri Nakoda Ratan Address at ₹54,905 per sqft on carpet area for the live 2 BHK unit. The Prabhadevi 2026 locality average asking PSF that Property Butler tracks is ₹66,650/sqft on carpet — Shri Nakoda Ratan Address's pricing sits roughly 18% below locality average, reflecting the smaller carpet format, city-view orientation rather than sea-view, and the 14th-floor mid-band positioning.
When is Shri Nakoda Ratan Address possession?
Shri Nakoda Ratan Address is Ready to Move In. Property Butler's live inventory in the building is available for immediate possession subject to standard agreement, payment and registration timelines. Buyers should obtain a copy of the Occupation Certificate and confirm society formation status as part of the booking documentation pack.
Are Shri Nakoda Ratan Address units sea facing?
The 14th-floor 2 BHK on Property Butler's live inventory is City View rather than pure Sea View. The G+23 tower stack does include orientations across the higher-floor band; buyers prioritising Arabian Sea views should walk specific upper-floor units in the building or consider Worli Sea Face inventory at the higher PSF tier.
What configurations does Shri Nakoda Ratan Address offer?
Shri Nakoda Ratan Address offers 2 BHK and 3 BHK configurations across the G+23 single-tower stack. Property Butler's current live inventory is the 2 BHK at 683 sqft carpet on the 14th floor; buyers seeking 3 BHK or specific floor preferences should engage with Property Butler early to lock the right inventory through the building's broader resale market.
How far is Shri Nakoda Ratan Address from Siddhivinayak Temple?
Shri Nakoda Ratan Address is approximately an 8-minute walk from Siddhivinayak Temple, sitting inside the temple's residential catchment. The Mumbai Metro Line 3 Siddhivinayak station is in commissioning and will further enhance rapid-transit access to BKC and South Mumbai once Phase 2 is operational.
Are home loans approved for Shri Nakoda Ratan Address?
Yes. SBI, HDFC, ICICI, Axis Bank, Kotak Mahindra Bank and LIC Housing Finance all underwrite RERA-registered Mumbai ready-stock residential projects subject to individual eligibility, OC verification and society conveyance status. Property Butler can arrange in-principle approval and disbursement coordination for buyers transacting in the building.