Top 5 Under-Construction Projects In Mumbai Priced Under Rs 20 Lakh

Many buyers would consider investing in an under-construction property in a metropolis like Mumbai. A city with a huge demand for housing space, Mumbai offers a plethora of options catering to diverse buyer-groups. Moreover, with upcoming Metro projects linking far-flung localities of the city, real estate developments have gathered pace.

If you too wish to park your money in an upcoming residential project in the Mumbai Metropolitan Region (MMR), here are your options.

PropGuide lists the top five under-construction projects in Mumbai, based on sales numbers, where prices start from below Rs 20 lakh.

Ayan Residency Phase 1

Ayan Residency by Dudhwala Group is a 10-acre property located at Nala Sopara, in Thane district. Launched in May 2012, the under-construction project will be ready by December 2023.

Sizes: It comprises of mid-rise towers comprising 1,517 units of 1 and 2BHK homes sized between 167 sqft and 495 sqft.

Location advantages: Located on National Highway 8, Nala Sopara is an emerging suburb for affordable homes with connectivity provided by state transport buses and local trains. There are plans for new infrastructure such as the Virar - Nallasopara Link Road. Several social infrastructural facilities like hospitals, shopping malls, schools, etc. are easily accessible from the property.

Price: The apartments are priced between Rs 9.2 lakh and Rs 27 lakh

RERA ID: P99000006966

Panchtatva Phase 1

The property, developed by Karrm infrastructure, spans an area of 6 acres and is situated at Kasgaon, Shahapur in Thane district. It was launched in January 2015 and will be available for possession by December 2018.  

Sizes: The project includes low-rise buildings with a total of 796 units of 1BHK homes, sized from 146 sqft to 163 sqft.

Location advantages: Flanked by the Western Ghats, Shahapur enjoys link with the Eastern Express Highway, Mumbai - Agra National Highway, National Highway 160 and the upcoming Mumbai Nashik Highway. Many industries thrive in the vicinity. Social infrastructural facilities including shops are available in abundance around the property.

Prices: The apartments are priced between Rs 8 lakh and Rs 9 lakh.

RERA ID: P51700009304s

Brahmaand

A residential township spread over 26 acres, Brahmaand by Karrm infrastructure is nestled on Kelve Road at Palghar in Thane district. The project was launched in March 2017 and will be ready for possession by December 2025.

Sizes: There are 4,589 housing units available in 1BHK layout sized at 176 sqft.

Location advantages: An upcoming location, Palghar is a well-connected to other areas of Mumbai via rail and road with easy access to Andheri. Besides neighbouring manufacturing industries, the area is close to important employment hubs like Tarapur and Wada. Social amenities are at a short distance from this gated community.

Price: The price details will be available on request.

RERA ID: P99000011896

Estate Vakas Phase 1

Estate Vakas Phase 1 by Vijay Group is a 4.98-acre property located at Neral East, Karjat in suburb Beyond Thane. Launched in January 2015, the project will be available for possession by June 2023.

Sizes: The gated complex houses 1,696 units of 1 and 2BHK apartments with sizes ranging between 253 sqft and 567 sqft.

Location advantages: The project sits on the State Highway No. 103. It is well-connected to central Mumbai, Navi Mumbai, Pune and 7 MIDCs via arterial roads, highways and rail network. The neighborhood is developing rapidly with plenty of social amenities.

Price: The apartments are priced between Rs 13 lakh and 26 lakh.

RERA ID: P52000000959

Star City Phase 2

Star City Phase 2 by Rashmi Housing is an under-construction property spanning 2.19 acres and located at Naigaon East in suburb Mira Road beyond Borivali. It was launched in July 11 and will be ready for possession by December 2025.

Sizes: The property offers 1,187 units of 1 and 2BHK homes sized between 220 sqft and 424 sqft.

Location advantages: The locality has seamless accessibility south Mumbai localities. It is linked to the Vasai Road with well-developed social infrastructure and public transportation as well as commercial complexes.

Price: The apartments are priced between 13 lakh and Rs 25 lakh.

RERA ID: P99000005391