Registered project nameMahavir Spring - Daffodils - P3
Updated Sep 2026
Thane WestPhotos from the project record · tap to enlarge
490
Units
2028
Possession
1
Buildings
Certificate Signed
Status
A first look at Mahavir Springs
Mahavir Springs is a residential project by Damji Shamji Shah and Co on Pokhran Road No-2, Thane West, Mumbai 400610. It is registered with MahaRERA under P51700045504 (registered 2023-04-01). The project has 490 units across 1 building of up to 54 floors. It offers 1, 2 & 3 BHK homes with carpet areas of 540–946 sq ft, priced ₹77 Lac–₹1.59 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹14,200 per sq ft. MahaRERA proposed possession: Apr 2028.
Primary inventory recorded.
Ask an advisor to verify current developer inventory and price.
Floor plans are indicative, as shared by the developer, and subject to change.
About Mahavir Springs
Location
Mahavir Springs stands on Pokhran Road No-2 in Thane West, Mumbai 400610. Across 43 recent resale listings on MPE, homes in Thane West have a median asking rate of ₹21,634 per sq ft, and a 2 BHK typically rents for about ₹60,000 a month.
MahaRERA record
The MahaRERA registration number is P51700045504, issued on 1 April 2023. The registered promoter is Vinayak Developers. The filing lists 1 wing: Mahavir Spring -Daffodils-P3 with 490 units over 54 floors. Per the registration, the architect on record is Anil Jagwani and the project escrow account is with HDFC Bank.
Homes and prices
Homes on offer are 1 BHK of 540 sq ft at ₹77 Lac; 2 BHK of 685 sq ft at ₹1.02 Cr; 3 BHK of 946 sq ft at ₹1.59 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹14,300–₹16,800 per sq ft of carpet, 31% below 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 8%, services at 45%. Proposed possession is Apr 2028.
Developer track record
Damji Shamji Shah and Co has 28 projects tracked on Mumbai Property Exchange, 27 of them delivered (ready or sold out). Other projects by the same developer include Siddhivinayak Anaya, Prerana Chsl, 5th Element.
Buyer demand in Thane West
In the last 90 days, buyers and tenants registered 35 requirements for Thane West with Mumbai Property Exchange, 12 of them to buy and 15 specifically for 1, 2 & 3 BHK homes.
Developer's description ▾
Mahavir Springs is a Residential Project Developed by the Damji Shamji Shah and Co. It is located at Thane West. The location provides easy access towards Powai, BKC, Airport within 35 - 45 minutes. 7 minutes from Ghdobunder Road, and Eastern Express Highway. 39 minutes from Thane - Belapur Road. Close proximity to the upcoming and social infrastructure. It is a 25 storey tower offering 2 and 3 bHK Residences along with 2+2 BHK Jodi 1423 CA and 2+3 BHK Jodi 1707 CA. Exclusive 2 BHK with Deck & 3 BHK with Deck apartments. 3.25 Acres of freehold Land parcel. Luxury Development. 50+ Lifestyle amenities. 10'4" Floor to Floor Height. Yeoor Hills & Upvan Lake Views.
Price vs Locality
₹14,200
/sqft · Thane West rate-band mid-point ₹30,000
53% below mid-point
Upcoming projects & infrastructure in Thane West
take an informed decision
189 MahaRERA projects are due to hand over in Thane West between 2026 and 2030; the nearest upcoming infrastructure to Mahavir Springs is the Borivali-Thane Tunnel, 0.1 km away (under construction · due 2028).
189
MahaRERA projects handing over in the next 5 years
in Thane West
₹22,700/sqft▲
typical asking price
rising this quarter
₹16,100/sqft
ready reckoner rate (government)
2025-26 · stamp duty is charged on the higher of this and the deal value
New projects in Thane West by possession year
10
2026
30
2027
61
2028
56
2029
32
2030
Metro & infrastructure near Mahavir Springs
🚇Borivali-Thane TunnelUnder construction · due 20280.1 km
🚇Line 4 GreenUnder construction · due 20271.2 km
🚇Line 5 OrangeUnder construction · due 20273.3 km
📜 5,365 registered transactions (IGR) on record in Thane West, and we pull the latest registrations on request. Know what flats here actually transacted at before you negotiate — take an informed decision.
Buying a home is not a quick decision. In association with developers, Mumbai Property Exchange sets up the video briefings, the site visits and the paperwork questions — so your homework is done before you commit an afternoon.
Frequently Asked Questions
Where is Mahavir Springs located?
Mahavir Springs is on Pokhran Road No-2, Thane West, Mumbai 400610.
What is the price of Mahavir Springs?
1, 2 & 3 BHK homes are priced ₹77 Lac–₹1.59 Cr as on 09 Jul 2026, about ₹14,200 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Mahavir Springs offer?
1 BHK – 540 sq ft carpet at ₹77 Lac; 2 BHK – 685 sq ft carpet at ₹1.02 Cr; 3 BHK – 946 sq ft carpet at ₹1.59 Cr.
MahaRERA records 490 units across 15 buildings, up to 54 floors.
Who is the developer of Mahavir Springs?
Damji Shamji Shah and Co (Vinayak Developers) — 28 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Thane West?
189 MahaRERA-registered projects in Thane West are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Mahavir Springs?
Borivali-Thane Tunnel — under construction · due 2028, 0.1 km away; Line 4 Green — under construction · due 2027, 1.2 km away; Line 5 Orange — under construction · due 2027, 3.3 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.
Disclaimer. Information on this page is compiled from MahaRERA registrations, public infrastructure announcements, developer materials and Mumbai Property Exchange listings. Prices, availability, possession dates and infrastructure timelines are indicative, subject to change, and updated periodically (last updated 2026-09-20). This is not an offer or an advertisement by the developer; please verify all details with the developer and on MahaRERA before deciding. Mumbai Property Exchange, MahaRERA agent A51800043517.
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SOURCE · MAHARERA + MUMBAI PROPERTY EXCHANGE INDEPENDENT DATA · RERA A51800043517 · EST. 1995
