RERA Under Construction Projects in Mumbai

Property

Mumbai notably offers the most expensive real estate zones in India. Buying a property in Mumbai may cost a significant saving to most aspiring homeowners; thus, a home loan comes into play. Luckily the Real Estate Regulation and Development Act, 2016 (RERA) was brought into force to protect the buyers.

RERA

Here are a few of the RERA-certified under-construction projects in Mumbai. Once you go for a home loan, the last thing you would need is unwanted delays and inefficiencies in the construction project. They are picked across different budget ranges, along with some of the basic information that every homebuyer likes to know beforehand.

1. Godrej Prime, Chembur, Mumbai – Built by Godrej Properties, some of the amenities in this project include a mini theatre, reading lounge, clubhouse, and power backup.

  • RERA ID: P51800000519
  • BHK Option: 1, 2, and 3 BHK
  • Price Range: On request
  • Expected possession date: November 2022

2. Kalpataru Magnus, Western Suburbs, Mumbai – Built by the Kalpataru Group, this development features internal roads and footpaths, stormwater drains, and earthquake-resistant construction.

  • RERA ID: P51800004029
  • BHK Option: 2 and 3 BHK
  • Price Range: Rs. 5.75 Cr – Rs. 7.84 Cr
  • Expected possession date: December 2023

3. Rustomjee Bella, Central Mumbai – This Rustomjee Construction project has a banquet hall and multipurpose room among its amenities.

  • RERA ID: P518000029526
  • BHK Option: 1 and 2 BHK
  • Price Range: Rs. 90 L – Rs 1.46 Cr
  • Expected possession date: September 2021

4. Runwal Sanctuary, Central Mumbai – Featuring an advanced firefighting system and aerobics facility for fitness enthusiasts, Runwal Sanctuary is in Mulund, Mumbai. It is built by real estate developer Runwal.

  • RERA ID: P51800025926
  • BHK Option: 2 and 3 BHK
  • Price Range: Rs. 1.49 Cr – Rs. 2.25 Cr
  • Expected possession date: December 2025

5. Lodha The World Towers World One Tier III and Trinity, Mumbai South – A premium property by the Lodha Group, residents will enjoy squash courts and an amphitheater, among its many amenities.

  • RERA ID: P51900008962
  • BHK Option: 3, 4, and 5 BHK
  • Price Range: Rs. 7.52 Cr – Rs. 17.2 Cr
  • Expected possession date: December 2022

6. Ornate Heights, Vasai – Built by Ornate Universal, it has sporting facilities including box cricket, a sewage treatment plant, and biometric security.

  • RERA ID: P9900002406
  • BHK Option: 1 and 2 BHK
  • Price Range: Rs. 34.66 lakhs – Rs. 49.54 lakhs
  • Expected possession date: April 2026

7. Mahindra Vicino, Andheri East – Developed by Mahindra Lifespaces Developers, this project has efficient energy management with a substation and receiving station. Balcony in all rooms and Vaastu compliance are other notable features.

  • RERA ID: P51800022067
  • BHK Option: 1 and 2 BHK
  • Price Range: Rs 1.57 Cr – Rs 2.92 Cr
  • Expected possession date: September 2024

Conclusion

With these and other similar projects, you will be able to select one only after determining your budget. While home loan interest rates are presently low, a look at a home loan EMI calculator will give you an idea of the exact EMI due each month.