New Panvel · Mumbai
Indiabulls Park 1
Opposite Honda Warehouse,Kon Salve Road, New Panvel · by Indiabulls Real Estate (Lucina Land Development Limited)
Updated Oct 2026
🗺 View on map · schools, metro & distancesNew PanvelPhotos from the project record · tap to enlarge
The story at a glance
A first look at Indiabulls Park 1
Indiabulls Park 1 is a residential project on Opposite Honda Warehouse,Kon Salve Road, New Panvel, Mumbai 410207. It is registered with MahaRERA under P52000000709 (registered 2024-01-15). The project has 804 units across 3 buildings of up to 44 floors. It offers 1, 2, 3 & 4 BHK homes with carpet areas of 557–1,857 sq ft, priced ₹56 Lac–₹1.9 Cr as on 09 Jul 2026 (indicative). MahaRERA proposed possession: Mar 2029, revised to Mar 2024.
Ask an advisor to verify the current project and inventory status.
Part of Indiabulls Park , New Panvel
Other wings & phases: Indiabulls Park 2 · Indiabulls Park 3 · Indiabulls Park 4 · Indiabulls Park 5
Availability & Pricing
Prices as on 09 Jul 2026. Approximate pricing as on that date. Prices are indicative, subject to change and to reconfirmation with the developer.
💬 Request latest price on WhatsAppUnit configurations filed with MahaRERA (2)
Indiabulls Park 1 floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
About Indiabulls Park 1
Location
Indiabulls Park 1 stands on Opposite Honda Warehouse,Kon Salve Road in New Panvel, Mumbai 410207, in the Raigarh district.
MahaRERA record
The MahaRERA registration number is P52000000709, issued on 15 January 2024. The registered promoter is Lucina Land Development Limited. The filing lists 3 wings: 4 C with 268 units over 44 floors; 4 D with 268 units over 44 floors; 4 E with 268 units over 44 floors. Per the registration, the architect on record is Rakhi Ubhare and the project escrow account is with HDFC Bank.
Homes and prices
Homes on offer are 1 BHK of 557 sq ft at ₹56 Lac; 2 BHK of 700–928 sq ft at ₹75 Lac–₹95 Lac; 3 BHK of 1,250 sq ft at ₹1.3 Cr; 4 BHK of 1,857 sq ft at ₹1.9 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹10,100–₹10,700 per sq ft of carpet. Prices are indicative and should be reconfirmed with the developer before booking.
Construction and possession
The latest MahaRERA progress report shows foundation at 86%, structure at 100%, finishing at 30%, services at 34%. Proposed possession is Mar 2029, revised to Mar 2024.
Developer track record
Indiabulls Real Estate has 8 projects tracked on Mumbai Property Exchange, 8 of them delivered (ready or sold out).
Buyer demand in New Panvel
In the last 90 days, buyers and tenants registered 24 requirements for New Panvel with Mumbai Property Exchange, 6 of them to buy and 8 specifically for 1, 2, 3 & 4 BHK homes.
Developer's description ▾
New Panvel market
prices, rents & ratesProperty rates in New Panvel
Upcoming projects & infrastructure in New Panvel
take an informed decision244 MahaRERA projects are due to hand over in New Panvel between 2026 and 2030; the nearest upcoming infrastructure to Indiabulls Park 1 is the Virar-Alibaug Multimodal Corridor, 1.7 km away (approved).
- 🛣️Virar-Alibaug Multimodal CorridorApproved1.7 km
Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for New Panvel, then an advisor calls about your budget and configuration.
Prices and timelines are indicative and subject to change. See the disclaimer at the foot of this page.
RERA record & possession
Buildings · 3 wings
804 unitsLocation
Neighbourhood around Indiabulls Park 1
Indiabulls Park 1 in New Panvel is 0.7 km from Somatne railway station, 1.1 km from Swami Vivekananda Societies School.
- 🚉 Railway stationSomatne0.7 km
- 🏫 SchoolSwami Vivekananda Societies School1.1 km
Straight-line distances from the project; road distance is longer. Places from OpenStreetMap. See them on the map →
Construction progress
per MahaRERASee all 14 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 · 887 sq ft at ₹90.0 L (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% (₹67.5 L here), released stage by stage, so your own money is about ₹22.5 L plus stamp duty and GST. Until possession you pay interest only on what the bank has released; after that the full EMI is roughly ₹58,600/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 declared to MahaRERA
14+6 more ▾
Members' lens
The developer's full amenity list, views and home features
From the builder's brochure and the homes we have listed here. The list above is what was declared to MahaRERA.
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Connectivity
Next steps — clarity before you step out
Buying a home is not a quick decision. In association with developers, Mumbai Property Exchange sets up the video briefings (Google Meet, Teams or WhatsApp video), the site visits and the paperwork questions — so your homework is done before you commit an afternoon.
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Frequently Asked Questions
Where is Indiabulls Park 1 located?
Indiabulls Park 1 is on Opposite Honda Warehouse,Kon Salve Road, New Panvel, Mumbai 410207.
What is the price of Indiabulls Park 1?
1, 2, 3 & 4 BHK homes are priced ₹56 Lac–₹1.9 Cr as on 09 Jul 2026. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Indiabulls Park 1 offer?
1 BHK – 557 sq ft carpet at ₹56 Lac; 2 BHK – 700 sq ft carpet at ₹75 Lac; 2 BHK – 851 sq ft carpet at ₹86 Lac; 2 BHK – 887 sq ft carpet at ₹90 Lac; 2 BHK – 928 sq ft carpet at ₹95 Lac; 3 BHK – 1,250 sq ft carpet at ₹1.3 Cr; 4 BHK – 1,857 sq ft carpet at ₹1.9 Cr.
When is possession of Indiabulls Park 1?
As per MahaRERA, proposed possession is Mar 2029, revised to Mar 2024.
Is Indiabulls Park 1 RERA-registered?
Yes — MahaRERA registration P52000000709, registered 2024-01-15.
How many units does Indiabulls Park 1 have?
MahaRERA records 804 units across 3 buildings, up to 44 floors.
Who is the developer of Indiabulls Park 1?
Indiabulls Real Estate (Lucina Land Development Limited) — 8 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in New Panvel?
244 MahaRERA-registered projects in New Panvel are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Indiabulls Park 1?
Virar-Alibaug Multimodal Corridor — approved, 1.7 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.
How far is Indiabulls Park 1 from the nearest metro and railway station?
Indiabulls Park 1 is about 0.7 km from Somatne railway station (straight-line distance; road distance is longer).
