Parel · Mumbai
Neha Residency
Parel · by Neha Developers (Shishir Shivapurkar)
Updated Jul 2025
ParelPhotos from the project record · tap to enlarge
A first look at Neha Residency
Neha Residency is a residential project in Parel, Mumbai 400015. It is registered with MahaRERA under P51900008710. The project has 17 units across 1 building. It offers 2 BHK homes with carpet areas of 612 sq ft, priced ₹2.26 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹36,900 per sq ft. MahaRERA proposed possession: May 2018, revised to Jul 2019.
Ask an advisor to check current resale or rental availability.
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 WhatsAppNeha Residency floor plans
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Floor plans are indicative, as shared by the developer, and subject to change.
About Neha Residency
Location
Neha Residency is located in Parel, Mumbai 400015, in the Mumbai City district. Across 44 recent resale listings on MPE, homes in Parel have a median asking rate of ₹40,000 per sq ft, and a 2 BHK typically rents for about ₹1.35 Lac a month.
MahaRERA record
The MahaRERA registration number is P51900008710. The registered promoter is Shishir Shivapurkar. MahaRERA records 17 units for the project. Per the registration, the architect on record is Pagnis And Pagnis and the project escrow account is with State Bank Of India.
Homes and prices
Configurations recorded are 2 BHK of 612 sq ft at ₹2.26 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹36,900 per sq ft of carpet, 8% 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 50%, structure at 100%, finishing at 98%, services at 97%. Proposed possession is May 2018, revised to Jul 2019. The possession date has been revised later than originally proposed.
Developer track record
Neha Developers has 5 projects tracked on Mumbai Property Exchange, 5 of them delivered (ready or sold out).
Buyer demand in Parel
In the last 90 days, buyers and tenants registered 18 requirements for Parel with Mumbai Property Exchange, 3 of them to buy and 3 specifically for 2 BHK homes.
Developer's description ▾
Price vs Locality
Upcoming projects & infrastructure in Parel
take an informed decision3 MahaRERA projects are due to hand over in Parel between 2027 and 2031; the nearest upcoming infrastructure to Neha Residency is the Worli-Sewri Connector, 0.0 km away (under construction · due 2026).
Supply is not evenly spread — one year carries almost half of it.
- 🛣️Worli-Sewri ConnectorUnder construction · due 20260.0 km
- 🚇Line 11 GreenApproved0.7 km
- 🌉MTHL / Atal SetuOpened 20241.3 km
- 🚇Line 4 GreenUnder construction · due 20272.7 km
- 🚇Line 3 AquaOpened 20253.2 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.
Parel — resale, rent & yield
This project is quoted around ₹36,928/sqft — 8% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Unit Configurations (per MahaRERA)
RERA record & possession
Buildings · 1 wing
Location
Construction progress
per MahaRERASee all 10 stages ▾
Amenities
8Talk to our MahaRERA advisor
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💬 Ask about resale or rental optionsParel market context
Property Rates in Parel
Resale Flats for Sale in Parel
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Flats for Rent in Parel
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Commercial for Sale in Parel
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Commercial for Lease in Parel
1
Commercial Projects in Parel
MahaRERA projects nearby in Parel
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, the site visits and the paperwork questions — so your homework is done before you commit an afternoon.
Frequently Asked Questions
Where is Neha Residency located?
Neha Residency is in Parel, Mumbai 400015.
What is the price of Neha Residency?
2 BHK homes are priced ₹2.26 Cr as on 09 Jul 2026, about ₹36,900 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Neha Residency offer?
2 BHK – 612 sq ft carpet at ₹2.26 Cr.
When is possession of Neha Residency?
As per MahaRERA, proposed possession is May 2018, revised to Jul 2019.
Is Neha Residency RERA-registered?
Yes — MahaRERA registration P51900008710.
How many units does Neha Residency have?
MahaRERA records 17 units across 3 buildings.
Who is the developer of Neha Residency?
Neha Developers (Shishir Shivapurkar) — 5 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Parel?
3 MahaRERA-registered projects in Parel are due for possession between 2027 and 2031, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Neha Residency?
Worli-Sewri Connector — under construction · due 2026, 0.0 km away; Line 11 Green — approved, 0.7 km away; MTHL / Atal Setu — opened 2024, 1.3 km away; Line 4 Green — under construction · due 2027, 2.7 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.
