Shri Ratan Address Prabhadevi — Rathod Realty's G+23 Sea-View Tower with 2/3 BHK at ₹3.75 Cr to ₹6.40 Cr
Shri Ratan Address is a contemporary G+23 storey residential tower on the Prabhadevi western corridor — a building that occupies a structurally interesting Prabhadevi position: it offers the locality's signature sea-view orientation on a sub-25 storey frame, at price points that sit materially below the trophy Prabhadevi inventory (Kalpataru Pinnacle / Lodha Grandeur) but above the older redevelopment stock. Property Butler is live with four units in this building: a 3 BHK at 999 sqft carpet, ₹6.40 Cr on the 20th floor with sea view, two 3 BHKs at 959 sqft carpet at ₹5.25++ Cr (one on the 12th floor with sea view, one on the 5th floor with city view), and a 2 BHK at 683 sqft, ₹3.75 Cr on the 14th floor with city view. The wider market view: across active Prabhadevi sales inventory at Shri Ratan Address (also marketed as Shri Nakoda Ratan Address), Property Butler tracks 10 live sale listings with PSF in a ₹39,230–₹58,433 range on carpet, median ₹53,510/sqft. RERA registrations P51900032985 and A51900000633 are tied to active inventory in the project. Developers Shri Nakoda Enterprises and Rathod Realty are the operating entities behind the project, both with delivered Prabhadevi project history. The building is ready-to-move — Property Butler tracked listings show ready-possession status across active inventory.
Shri Ratan Address · Prabhadevi · May 2026
₹3.75 Cr — ₹6.40 Cr
2 BHK · 3 BHK · 638–999 sqft carpet · G+23 storey · Sea / City view · Ready to move
Snapshot — At a Glance
Why Shri Ratan Address — Buyer Perspective
Shri Ratan Address is the buy for the central-Mumbai end-user buyer who has a budget anchored in the ₹4–6.5 Cr band, wants a Prabhadevi address with sea-view optionality, and is uncomfortable paying the ₹70,000+/sqft trophy Prabhadevi PSF that Lodha Grandeur or Kalpataru Pinnacle command. The buyer cohort is the established South Mumbai upgrader — typically a Mumbai-resident professional household trading up from a 1 BHK or compact 2 BHK in Dadar / Mahim / Bandra East, or a parent buying a primary-residence 3 BHK for an adult child working in the Lower Parel or BKC employment cluster. The pull is the combination of address-power (Prabhadevi is one of the most stable premium addresses in central Mumbai, anchored by Siddhivinayak temple culture and the seafront promenade), ready-to-move status (no construction-delay risk, immediate registration and stamp duty calibration), and a price band that materially undercuts the contemporary trophy Prabhadevi towers.
The pros: the carpet sizing is honestly delivered — 683 sqft for the 2 BHK and 959–999 sqft for the 3 BHK gives end-users a usable second-and-third-bedroom layout (rare in cycle-bucket sub-₹6 Cr Mumbai 3 BHK product, where 850 sqft 3 BHK is a common compromise); the high-floor 20th-floor 3 BHK at 999 sqft, ₹6.40 Cr is the trophy unit in the Property Butler ladder — sea view, top-of-frame in a G+23 building, and ready-to-move; the Property Butler 12th-floor 3 BHK sea view at ₹5.25++ Cr is the structurally most efficient buy in the active inventory — sea view at 12th floor is functionally above the Prabhadevi street-level skyline, and at PSF ~₹54,750/sqft sits below the median for active Shri Ratan inventory; rental optionality is real (gross yield on a 3 BHK 959 sqft at ₹5.25 Cr vs Prabhadevi 3 BHK rental band of ₹2.0–2.8 lakh/month gives 4.5–6.4% gross yield, at the high end of the Prabhadevi yield range); and the ready-to-move, OC-status of the building means no construction-finishing risk, no GST surprise, and the buyer can register and move in within 60–90 days. The cons we are honest about: the developer combination (Shri Nakoda / Rathod) is less brand-recognised than Lodha or Kalpataru, so resale narrative depends on the address rather than the brand — some HNI buyers will discount the building's brand premium; a portion of the active Prabhadevi inventory at Shri Ratan is tagged as "Dadar West" by some portals (the building sits at the locality boundary), which means external comparable-set positioning is occasionally noisy; and the 638–684 sqft 2 BHK at ₹3.50–3.99 Cr is a relatively tight 2 BHK compared to luxury 2 BHK product — buyers wanting larger 800+ sqft 2 BHK product in this price band should look at Bandra West or Tardeo redevelopment inventory.
Configuration & Pricing Ladder (Active Market)
The ladder reveals a clear pattern: the 2 BHK median PSF (₹54,824/sqft) sits above the 3 BHK median (₹47,830/sqft) — the typical Mumbai pattern where smaller-carpet 2 BHKs price at a higher per-square-foot ask. The Property Butler 20th-floor 3 BHK trophy unit at ₹64,065/sqft is the highest PSF in the active inventory, reflecting the high-floor + sea-view double premium. The Property Butler 12th-floor sea view 3 BHK at ~₹54,750/sqft is the structurally best PSF buy in the active inventory — a sea view 3 BHK at sub-median PSF on a ready-to-move frame. For the buyer choosing across the building's ladder: if budget is ₹6+ Cr and you want trophy positioning, the 20th-floor 999 sqft 3 BHK is the buy; if budget is ₹5.25–5.5 Cr and you want value, the 12th-floor sea view 3 BHK is the better PSF; if budget is ₹3.75–4 Cr and you want an entry Prabhadevi address, the 14th-floor 2 BHK or 5th-floor 3 BHK city view at ₹5.25++ Cr are the entry options.
Comparison vs Two Nearest Peer Buildings
The peer-set comparison clarifies the trade. Kalpataru Oceana sits at the trophy end of the Prabhadevi ladder with carpets and PSF that target a different buyer cohort entirely (₹15–25 Cr ticket buyers). Rohan Lifescapes Aquino is the closer peer in carpet size — but at higher PSF and phased delivery rather than ready-to-move. Shri Ratan Address's wedge is being the ready-to-move sub-₹60,000/sqft option in Prabhadevi with sea-view 3 BHK inventory below ₹6 Cr — that combination is structurally rare in active central-Mumbai inventory, and it's why this building works for the upgrade buyer who has done the comparison drill across Prabhadevi.
Location & Connectivity — Prabhadevi
Prabhadevi sits at the northern edge of the Worli–Lower Parel premium triangle and the southern edge of the Dadar West central-Mumbai connectivity hub. From Shri Ratan Address: Siddhivinayak Temple ~700 m (the cultural-amenity anchor of Prabhadevi), Prabhadevi Railway Station ~1.5 km (Western Line, 5 minutes), Dadar Railway Station ~2.0 km (Western + Central interchange, 6–8 minutes), Worli Sea Face ~2.0 km (the Prabhadevi seafront link runs through Veer Savarkar Marg), Bandra Worli Sea Link entry ~3.5 km via Veer Savarkar Marg (8–12 minutes), Lower Parel Railway Station ~3.5 km, BKC entry via Sea Link ~8 km (16–20 minutes off-peak), Chhatrapati Shivaji International Airport ~17 km via the Sea Link (24–30 minutes off-peak). The Mumbai Metro Line 3 (Aqua Line) Siddhivinayak / Dadar Metro stations sit within 1.0–1.5 km — once the full Bandra-to-Cuffe-Parade segment is operational across 2026, the BKC commute compresses to under 14 minutes from the Siddhivinayak station and the Lower Parel/Worli commute to under 8 minutes. Schools include IES Manik Vidyamandir Dadar (~2 km), Don Bosco Matunga (~3 km), Aditya Birla World Academy Tardeo (~5 km), Cathedral & John Connon Fort (~9 km), Dhirubhai Ambani International School BKC (~8 km). Hospitals: Hinduja Hospital Mahim (~3.5 km), Wockhardt Mumbai Central (~6 km), Lilavati Bandra (~7 km via Sea Link), Bombay Hospital (~7 km via Worli Sea Face Road). F&B and retail anchors: Phoenix Palladium and Kamala Mills (~3 km), Atria Mall Worli (~2 km), Café Madras and the Matunga food street (~2.5 km), the Worli Sea Face promenade (~2 km), and the upcoming Worli waterfront promenade extension once Coastal Road Phase 2 finishes its Worli connection. Daily logistics — vegetables, daily essentials, Sunday markets — work through the Dadar West catchment, which is the most connected sub-locality in central Mumbai.
Property Butler's Verdict
Shri Ratan Address Prabhadevi is a buy-with-conviction product for the central-Mumbai end-user buyer with a ₹4–6.5 Cr ticket. The Property Butler 12th-floor sea view 3 BHK at 959 sqft, ₹5.25++ Cr is the unit we would underwrite first — sea view in a Prabhadevi G+23 frame at sub-median PSF on a ready-to-move building is structurally rare in the May 2026 active inventory. The 20th-floor 999 sqft 3 BHK at ₹6.40 Cr is the trophy unit in the building — high-floor, sea view, and the largest carpet across active inventory. The 14th-floor 2 BHK at 683 sqft, ₹3.75 Cr is the entry-level Prabhadevi address play for a young couple or first-time buyer. Skip if you need brand-name luxury — the developer combination (Shri Nakoda / Rathod) is less brand-recognised than Lodha, Kalpataru or Rustomjee, and trophy-conscious buyers will discount this. Skip if you need 1,200+ sqft 3 BHK formats — the building tops out at 999 sqft on 3 BHK, and buyers wanting larger format inventory should look at Lodha Grandeur Prabhadevi or Kalpataru Oceana at the higher PSF step. Negotiate on: maintenance arrears verification (ready-to-move buildings can carry minor society dues), parking allotment letter inclusion in the agreement, and the 1% transfer fee or society-side membership cost if buying directly from owner. — Property Butler
Property Butler Inventory in Shri Ratan Address
Four live units, all ready-to-move:
- 3 BHK · 999 sqft · ₹6.40 Cr · Sea View · 20th floor · Builder finish · Rathod Realty · Ready
- 3 BHK · 959 sqft · ₹5.25++ Cr · Sea View · 12th floor · Builder finish · Shri Nakoda Enterprises · Ready
- 3 BHK · 959 sqft · ₹5.25++ Cr · City View · 5th floor · Builder finish · Shri Nakoda Enterprises · Ready
- 2 BHK · 683 sqft · ₹3.75 Cr · City View · 14th floor · Builder finish · Shri Nakoda Enterprises · Ready
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WhatsApp us about Shri Ratan AddressFAQ — Shri Ratan Address Prabhadevi
Is Shri Ratan Address RERA approved?
Yes. Property Butler tracked active sale inventory cites MahaRERA registrations including P51900032985 and A51900000633. The project is registered, OC-received and ready-to-move.
What is the asking PSF in Shri Ratan Address?
Property Butler tracks PSF in a ₹39,230–₹58,433 per sqft range on carpet area, with the median at ₹53,510/sqft across 10 active sale listings. The Prabhadevi locality average sits at ~₹66,650/sqft, so Shri Ratan Address PSF runs 15–25% below the locality blended average — reflecting the building's sub-trophy positioning and brand profile vs Lodha Grandeur or Kalpataru Oceana.
Are Shri Ratan Address 3 BHK units sea-facing?
Yes — two of the four Property Butler tracked 3 BHK units carry sea exposure: the 20th floor 999 sqft 3 BHK and the 12th floor 959 sqft 3 BHK. The 5th floor 959 sqft 3 BHK is city view. Higher-floor west-aligned units in the G+23 frame typically capture sea exposure across most floor bands.
When is possession at Shri Ratan Address?
Ready to move — the project is OC-received. Property Butler tracked listings show ready-to-move possession status across the active inventory.
What is the rental yield at Shri Ratan Address?
Prabhadevi 3 BHK rentals in the 959–999 sqft band typically clear ₹2.0–2.8 lakh per month. Against a ₹5.25 Cr asking price, that gives a gross rental yield of approximately 4.5–6.4% — at the high end of the South Mumbai prime range, reflecting the sub-trophy entry pricing of the building. The 2 BHK 683 sqft band rents at ₹85,000–₹1.2 lakh per month, gross yield ~3.0–3.8%.
How tall is Shri Ratan Address?
G+23 storey frame. Property Butler tracked listings show floor allocations from the 5th to the 20th, and total-floor data across active listings indicates a 21–25 floor frame across the project. The G+23 sub-25 storey scale gives the building a boutique vs the 50+ storey Worli/Prabhadevi trophy frames.
Are home loans approved for Shri Ratan Address?
Yes — HDFC, ICICI, SBI, Kotak and Axis are typically active on Prabhadevi ready-to-move inventory at sub-₹6 Cr ticket. The OC-received status and the tracked RERA registrations support standard sanction processing. Property Butler can introduce a banker once you shortlist a unit.