Matunga · Mumbai
EL Mejor
Baba Saheb Ambedkar Road, Hindu Colony, Matunga · by Arth Housing Developers Ltd
Registered project name
El MejorUpdated Sep 2026
MatungaPhotos from the project record · tap to enlarge
A first look at EL Mejor
EL Mejor is a residential project by Arth Housing Developers Ltd on Baba Saheb Ambedkar Road, Hindu Colony, Matunga, Mumbai 400014. It is registered with MahaRERA under P51900004688 (registered 2026-02-06). EL Mejor is sold out by the developer — rentals from ₹1.5 Lac a month. The project has 115 units across 1 building of up to 23 floors. It offers 2 & 3 BHK homes with carpet areas of 450–1,362 sq ft. MahaRERA proposed possession: Dec 2026, revised to Mar 2021.
2 for rent in this building right now, listed below.
Unit configurations filed with MahaRERA (4)
Property listings in EL Mejor
EL Mejor floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
About EL Mejor
Location
The address of EL Mejor is Baba Saheb Ambedkar Road, Hindu Colony, Matunga, Mumbai 400014. Across 16 recent resale listings on MPE, homes in Matunga have a median asking rate of ₹51,978 per sq ft, and a 2 BHK typically rents for about ₹1.26 Lac a month.
MahaRERA record
EL Mejor is registered with MahaRERA under P51900004688, dated 6 February 2026. The registered promoter is Arth Realtech Spaces Pvt. Ltd.. The filing lists 1 wing: EL MEJOR with 115 units over 23 floors. According to MahaRERA, the architect on record is Saurabh Chatterjee and the project escrow account is with HDFC Bank.
Homes and prices
The price list covers 1½ BHK of 450 sq ft at ₹2.41 Cr; 2 BHK of 620–903 sq ft at ₹3.41 Cr–₹5.41 Cr; 3 BHK of 1,362 sq ft at ₹8.17 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹53,600–₹60,000 per sq ft of carpet, 15% above the locality's resale median. Prices are indicative and should be reconfirmed with the developer before booking.
Construction and possession
The latest MahaRERA progress report shows foundation at 100%, structure at 100%, finishing at 100%, services at 100%. Proposed possession is Dec 2026, revised to Mar 2021.
Developer track record
Arth Housing Developers Ltd has 48 projects tracked on Mumbai Property Exchange, 43 of them delivered (ready or sold out). Other projects by the same developer include Sparkle Mitali Business Centre, Sparkle's Mitali Business, Nandadeep Heights.
Buyer demand in Matunga
In the last 90 days, buyers and tenants registered 10 requirements for Matunga with Mumbai Property Exchange, 3 of them to buy and 5 specifically for 2 & 3 BHK homes.
Developer's description ▾
Matunga market
prices, rents & ratesMatunga — resale, rent & yield
This project is quoted around ₹57,113/sqft — 10% above resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Upcoming projects & infrastructure in Matunga
take an informed decision20 MahaRERA projects are due to hand over in Matunga between 2027 and 2031; the nearest upcoming infrastructure to EL Mejor is the Line 4 Green, 1.3 km away (under construction · due 2027).
Supply is not evenly spread — one year carries almost half of it.
- 🚇Line 4 GreenUnder construction · due 20271.3 km
- 🚇Line 11 GreenApproved1.3 km
- 🚇Line 3 AquaOpened 20251.4 km
- 🛣️Worli-Sewri ConnectorUnder construction · due 20262.8 km
- 🌉MTHL / Atal SetuOpened 20243.2 km
🔒 Units handing over each year · price by BHK · years to absorb supply · competing projects · infra impact on prices
Prices and timelines are indicative and subject to change. See the disclaimer at the foot of this page.
RERA record & possession
Buildings · 1 wing
115 unitsLocation
Construction progress
per MahaRERASee all 11 stages ▾
What you pay, and when
an exampleThis is just an example of the cash flows for buying a home, not a quote or a payment demand. Your agreement and the developer's schedule decide the actual amounts.
In an under-construction project, you don't pay everything on day one. Under the MahaRERA model agreement, the developer can only ask for money as each stage is finished: about 10% at booking, 30% at agreement, then more as the plinth, slabs, walls, fittings and lifts are done, and the last 5% at possession. The more a building is finished, the more you pay up front.
Example: 2 BHK · 903 sq ft at ₹5.41 Cr (the price recorded above).
- ✓ Plinth complete45% paid by then
- ✓ Slabs complete70% paid by then
- ✓ Walls, plaster & flooring75% paid by then
- ○ Sanitary fittings80% paid by then
- ○ Staircases, lift wells & lobbies85% paid by then
- ○ Lifts, pumps, plumbing & elevation95% paid by then
- ○ Possession100%
With a home loan: banks usually fund up to 75% (₹4.06 Cr here), released stage by stage, so your own money is about ₹1.35 Cr plus stamp duty and GST. Until possession you pay interest only on what the bank has released; after that the full EMI is roughly ₹3.52 L/month (8.5%, 20 years).
Indicative only. Rates, GST (1% on affordable homes), loan eligibility and the stage schedule vary. Plan your cash flow with an advisor before you book.
💬 Talk through the numbers with an MPE advisorAmenities
5Talk to our MahaRERA advisor
Tell our MahaRERA advisor what you need and they'll guide you on this project.
💬 Ask about resale or rental optionsResale Flats for Sale in Matunga
4
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Frequently Asked Questions
Where is EL Mejor located?
EL Mejor is on Baba Saheb Ambedkar Road, Hindu Colony, Matunga, Mumbai 400014.
What is the price of EL Mejor?
EL Mejor is sold out by the developer — rentals from ₹1.5 Lac a month. These are current asking prices from live listings on MPE.
What configurations and carpet areas does EL Mejor offer?
1½ BHK – 450 sq ft carpet; 2 BHK – 620 sq ft carpet; 2 BHK – 903 sq ft carpet; 3 BHK – 1,362 sq ft carpet.
When is possession of EL Mejor?
As per MahaRERA, proposed possession is Dec 2026, revised to Mar 2021.
Is EL Mejor RERA-registered?
Yes — MahaRERA registration P51900004688, registered 2026-02-06.
How many units does EL Mejor have?
MahaRERA records 115 units across 5 buildings, up to 23 floors.
Who is the developer of EL Mejor?
Arth Housing Developers Ltd — 48 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Matunga?
20 MahaRERA-registered projects in Matunga are due for possession between 2027 and 2031, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near EL Mejor?
Line 4 Green — under construction · due 2027, 1.3 km away; Line 11 Green — approved, 1.3 km away; Line 3 Aqua — opened 2025, 1.4 km away; Worli-Sewri Connector — under construction · due 2026, 2.8 km away. Timelines are as announced and can change.
How do I book or get more details?
Tap WhatsApp or Call below to speak with a Mumbai Property Exchange advisor — serving Mumbai since 1995 · RERA-registered since 2017.
