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Mumbai property advisory & dataOperating since 1995✓ MahaRERA A51800043517Source-labelled project dataWe reply in minutes on WhatsApp
Primary inventory recordedMahaRERA P51800033878

Borivali West · Mumbai

Rishabraj Phoenix

Devidas Lane, Borivali West · by H. Rishabraj Builders and Developers

Updated Sep 2026

90
Units
2027
Possession
1
Buildings
Certificate Signed
Status

A first look at Rishabraj Phoenix

Rishabraj Phoenix is a residential project on Devidas Lane, Borivali West, Mumbai 400103. It is registered with MahaRERA under P51800033878 (registered 2022-03-14). The project has 90 units across 1 building of up to 36 floors. It offers 3 & 4 BHK homes with carpet areas of 850–1,918 sq ft, priced ₹3.76 Cr–₹8.47 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹44,000 per sq ft. MahaRERA proposed possession: Feb 2027.

Primary inventory recorded.

Ask an advisor to verify current developer inventory and price.

Availability & Pricing

TypeCarpetPriceAvail
3 BHK850 ft²₹3.76 Cr—
3 BHK1177 ft²₹5.2 Cr—
4 BHK1918 ft²₹8.47 Cr—

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 WhatsApp

About Rishabraj Phoenix

Location

Rishabraj Phoenix is located on Devidas Lane, Borivali West (Mumbai 400103), in the Mumbai Suburban district. Across 30 recent resale listings on MPE, homes in Borivali West have a median asking rate of ₹31,350 per sq ft, and a 2 BHK typically rents for about ₹60,000 a month.

MahaRERA record

The MahaRERA registration number is P51800033878, issued on 14 March 2022. The registered promoter is Rishabraj Estate Developers Pvt. Ltd.. The filing lists 1 wing: RISHABRAJ PHOENIX with 90 units over 36 floors. Per the registration, the architect on record is Shilp Associates and the project escrow account is with HDFC Bank.

Homes and prices

Configurations recorded are 3 BHK of 850–1,177 sq ft at ₹3.76 Cr–₹5.2 Cr; 4 BHK of 1,918 sq ft at ₹8.47 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹44,200 per sq ft of carpet, 41% 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 58%, services at 85%. Proposed possession is Feb 2027.

Developer track record

H. Rishabraj Builders and Developers has 3768 projects tracked on Mumbai Property Exchange, 3208 of them delivered (ready or sold out). Other projects by the same developer include Hrishabraj Trident, Rishabraj Arham, Rishabraj Pooja.

Buyer demand in Borivali West

In the last 90 days, buyers and tenants registered 41 requirements for Borivali West with Mumbai Property Exchange, 17 of them to buy and 9 specifically for 3 & 4 BHK homes.

Price vs Locality

₹44,000
/sqft · Borivali West rate-band mid-point ₹40,000
10% above mid-point

Upcoming projects & infrastructure in Borivali West

take an informed decision

104 MahaRERA projects are due to hand over in Borivali West between 2026 and 2030; the nearest upcoming infrastructure to Rishabraj Phoenix is the Borivali-Thane Tunnel, 1.7 km away (under construction · due 2028).

104
MahaRERA projects handing over in the next 5 years
in Borivali West
₹33,800/sqft▲
typical asking price
rising this quarter
₹15,300/sqft
ready reckoner rate (government)
2025-26 · stamp duty is charged on the higher of this and the deal value
New projects in Borivali West by possession year
2
2026
21
2027
30
2028
30
2029
21
2030

Supply is not evenly spread — one year carries about a third of it.

Metro & infrastructure near Rishabraj Phoenix
  • 🚇Borivali-Thane TunnelUnder construction · due 20281.7 km
  • 🚇Line 9 Red (Mira-Bhayandar)Opened 20262.4 km
In the full Borivali West report

🔒 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.

Borivali West — resale, rent & yield

Resale
₹31,350/sqft
median · 30 listings
Rent
₹88.7/sqft/mo
2 BHK ~₹60,000/mo
Gross yield
3.4%/yr
rent vs resale value

This project is quoted around ₹44,000/sqft — 40% above resale here.

From MPE live listings, last 18 months · Mumbai price index ›

Unit Configurations (per MahaRERA)

ConfigurationCarpetIndicative Price
3 BHK849–1,275 ft²₹3.74 Cr–₹5.61 Cr
4 BHK1,918 ft²₹8.44 Cr
5 BHK Amp Amp2,363–5,032 ft²₹10.4 Cr–₹22.14 Cr
Configurations & carpet per MahaRERA filing · indicative price = locality rate × carpet (not the developer's quote).
💬 Verify current inventory with an advisor

RERA record & possession

Possession (proposed)
Feb 2027
Project status
New
MahaRERA No.
P51800033878
Data last updated
Sep 2026
Registered
2022-03-14
Escrow Bank
HDFC BANK
Architect
Shilp Associates
Total FSI
12,730

Buildings · 1 wing

90 units
RISHABRAJ PHOENIX · 36 fl · 90 u

Location

Map data © OpenStreetMap contributors · location indicativeOpen larger map ›

Construction progress

per MahaRERA
Foundation100%
Structure100%
Finishing58%
Services85%
See all 11 stages ▾
Basement (if any)100%
Excavation100%
Plinth100%
Podiums (if any)100%
Slabs of Super Structure100%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and …100%
Stilt Floor100%
External plumbing and external plaster, elevation, completion of terr…90%
Internal walls, Intemal Plaster, Floorings, Floors and windows within…80%
Installation of Lifts, water pumps, Fire Fighting Fittings and Equipm…70%
Sanitary Fittings within the flats / premises5%

Amenities

21
Swimming PoolKids Play AreaGardenClubhouseIndoor GamesMultipurpose HallMini TheatreGymnasium
+13 more ▾
Jogging TrackYoga RoomCCTV24x7 SecurityVideo Door PhoneFire SafetyIntercomGated CommunityPower BackupParkingVisitor ParkingConcealed WiringConcealed Plumbing

Talk to our MahaRERA advisor

🏠 Discuss what you're looking for📍 Locality & project guidance🤝 Speak to a specialist

Tell our MahaRERA advisor what you need and they'll guide you on this project.

💬 Verify current project inventory

Borivali West market context

Property Rates in Borivali West

Residential · Sale
₹30,000–50,000/sqft
Commercial · Sale
₹30,000–45,000/sqft
2 BHK · Rent
₹65,000–90,000/mo

Resale Flats for Sale in Borivali West

4

Flats for Rent in Borivali West

4

Commercial for Sale in Borivali West

2

Commercial for Lease in Borivali West

3

Commercial Projects in Borivali West

More by H. Rishabraj Builders and Developers

Compare Rishabraj Phoenix with similarly priced projects nearby

MahaRERA projects nearby in Borivali West

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 Rishabraj Phoenix located?

Rishabraj Phoenix is on Devidas Lane, Borivali West, Mumbai 400103.

What is the price of Rishabraj Phoenix?

3 & 4 BHK homes are priced ₹3.76 Cr–₹8.47 Cr as on 09 Jul 2026, about ₹44,000 per sq ft. Prices are indicative and subject to reconfirmation with the developer.

What configurations and carpet areas does Rishabraj Phoenix offer?

3 BHK – 850 sq ft carpet at ₹3.76 Cr; 3 BHK – 1,177 sq ft carpet at ₹5.2 Cr; 4 BHK – 1,918 sq ft carpet at ₹8.47 Cr.

When is possession of Rishabraj Phoenix?

As per MahaRERA, proposed possession is Feb 2027.

Is Rishabraj Phoenix RERA-registered?

Yes — MahaRERA registration P51800033878, registered 2022-03-14.

How many units does Rishabraj Phoenix have?

MahaRERA records 90 units across 9 buildings, up to 36 floors.

Who is the developer of Rishabraj Phoenix?

H. Rishabraj Builders and Developers — 3768 projects tracked on Mumbai Property Exchange. View their track record ▸

How many new projects are coming up in Borivali West?

104 MahaRERA-registered projects in Borivali West are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.

What metro and infrastructure is near Rishabraj Phoenix?

Borivali-Thane Tunnel — under construction · due 2028, 1.7 km away; Line 9 Red (Mira-Bhayandar) — opened 2026, 2.4 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 2026-09-28). 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.
Are you the developer and see something wrong? Report a correction on WhatsApp — we verify and update.
SOURCE · MAHARERA + MUMBAI PROPERTY EXCHANGE
INDEPENDENT DATA · RERA A51800043517 · EST. 1995
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