Thane West · Mumbai
Mahavir Springs
Pokhran Road No-2, Thane West · by Damji Shamji Shah and Co (Vinayak Developers)
Registered project name
Mahavir Spring - Daffodils - P3Updated Sep 2026
Thane WestPhotos from the project record · tap to enlarge
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.
Ask an advisor to verify current developer inventory and price.
Other wings & phases: Mahavir Spring - Tulip - Phase 1
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)
Mahavir Springs floor plans
2
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 47 recent resale listings on MPE, homes in Thane West have a median asking rate of ₹18,901 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, 21% 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 44 requirements for Thane West with Mumbai Property Exchange, 17 of them to buy and 20 specifically for 1, 2 & 3 BHK homes.
Developer's description ▾
Thane West market
prices, rents & ratesPrice vs locality
Thane West — resale, rent & yield
This project is quoted around ₹14,200/sqft — 25% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Thane West
Upcoming projects & infrastructure in Thane West
take an informed decision212 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).
- 🚇Borivali-Thane TunnelUnder construction · due 20280.1 km
- 🚇Line 4 GreenUnder construction · due 20271.2 km
- 🚇Line 5 OrangeUnder construction · due 20273.3 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
490 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 · 685 sq ft at ₹1.02 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% (₹76.5 L here), released stage by stage, so your own money is about ₹25.5 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 ₹66,400/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
23+15 more ▾
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.
Resale Flats for Sale in Thane West
4
Flats for Rent in Thane West
4
Commercial for Sale in Thane West
1
Commercial for Lease in Thane West
2
Commercial Projects in Thane West
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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.
When is possession of Mahavir Springs?
As per MahaRERA, proposed possession is Apr 2028.
Is Mahavir Springs RERA-registered?
Yes — MahaRERA registration P51700045504, registered 2023-04-01.
How many units does Mahavir Springs have?
MahaRERA records 490 units across 20 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?
212 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.
