Nerul · Mumbai
Akshar Alvario
Nerul · by Akshar Developers
Updated Oct 2026
NerulPhotos from the project record · tap to enlarge
A first look at Akshar Alvario
Akshar Alvario is a residential project in Nerul, Mumbai 400706. It is registered with MahaRERA under P51700006864 (registered 2018-07-16). Akshar Alvario is sold out by the developer; ask MPE for resale or rental flats in this building. The project has 92 units across 3 buildings of up to 16 floors. It offers 2 & 3 BHK homes with carpet areas of 786–1,378 sq ft. MahaRERA proposed possession: Nov 2018.
Ask an advisor to check current resale or rental availability.
Unit configurations filed with MahaRERA (2)
Akshar Alvario floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
About Akshar Alvario
Location
Akshar Alvario is located in Nerul, Mumbai 400706, in the Thane district.
MahaRERA record
The MahaRERA registration number is P51700006864, issued on 16 July 2018. The registered promoter is Thalia Akshar Developers. The filing lists 3 wings: AKSHAR ALVARIO WING A over 16 floors; AKSHAR ALVARIO WING B over 16 floors; AKSHAR ALVARIO WING C over 16 floors. Per the registration, the architect on record is Soyuz Talib Architects Pvt. Ltd. and the project escrow account is with HDFC Bank.
Homes and prices
Homes on offer are 2 BHK of 786 sq ft at ₹1.85 Cr; 3 BHK of 1,173–1,378 sq ft at ₹2.7 Cr–₹3.13 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹22,700–₹23,500 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 100%, structure at 100%, finishing at 66%, services at 70%. Proposed possession is Nov 2018.
Developer track record
Akshar Developers has 25 projects tracked on Mumbai Property Exchange, 20 of them delivered (ready or sold out). Other projects by the same developer include Saubhagyam.
Buyer demand in Nerul
In the last 90 days, buyers and tenants registered 6 requirements for Nerul with Mumbai Property Exchange, 2 of them to buy and 3 specifically for 2 & 3 BHK homes.
Developer's description ▾
Akshar Alvario is a 14 storeys Ready Prossession Project and the location is Plot No.76,Sector-27, Nerul and is developed by Akshar Developers.
Akshar Alvario was launched in Jun 2014 and is delivered
Akshar Alvario is RERA approved has the Registration Number bearing P51700006864.
The price for Akshar Alvario 2BHK/3BHK 1.85 Cr Onwards
Akshar Alvario has amenities like Swimming pool, children's game room, health club with gym and steam room, landscaped podium garden with jogging track and many other amenities are planned to be provided in Akshar Alvario.
Akshar Developers also has other under construction and ready possession like Alvario, Green world, Estonia, Evorra, Elita, Evita and Edeania.
The property prices in Nerul are in the range of 10600 to 14500 for Outright for ready and under construction projects.
Akshar Developers currently has 2 Ready Possession, 6 Under Construction projects.
Akshar Alvario has good reviews and the ratings of this project are approximately 2 out of 5.
You can download the brochure of Akshar Alvario and you can see the latest digital pictures, Floor Plans, Location Plans & Rate History on our website. The Bookings for the Under Construction project Akshar Alvario are open and we can set up a Site Visit any time at your Convenience. Akshar Alvario is approved by most of the Banks and for more details on the approved bank list, please connect with us.
Nerul market
prices, rents & ratesPrice vs locality
Property rates in Nerul
Upcoming projects & infrastructure in Nerul
take an informed decision51 MahaRERA projects are due to hand over in Nerul between 2026 and 2030; the nearest upcoming infrastructure to Akshar Alvario is the Line 8 Gold (Airport Express), 1.4 km away (under construction · due 2030).
- 🚇Line 8 Gold (Airport Express)Under construction · due 20301.4 km
- 🛣️Mumbai-Delhi Expressway (Vadodara link)Under construction · due 20282.6 km
- ✈️Navi Mumbai International Airport (NMIA)Opened 20252.9 km
Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Nerul, 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
Location
Construction progress
per MahaRERASee all 13 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: 3 BHK · 1173 sq ft at ₹2.70 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% (₹2.02 Cr here), released stage by stage, so your own money is about ₹67.5 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 ₹1.76 L/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
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💬 Ask about resale or rental optionsResale Flats for Sale in Nerul
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Commercial for Sale in Nerul
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Frequently Asked Questions
Where is Akshar Alvario located?
Akshar Alvario is in Nerul, Mumbai 400706.
What is the price of Akshar Alvario?
Akshar Alvario is sold out by the developer; ask MPE for resale or rental flats in this building.
What configurations and carpet areas does Akshar Alvario offer?
2 BHK – 786 sq ft carpet; 3 BHK – 1,173 sq ft carpet; 3 BHK – 1,378 sq ft carpet.
When is possession of Akshar Alvario?
As per MahaRERA, proposed possession is Nov 2018.
Is Akshar Alvario RERA-registered?
Yes — MahaRERA registration P51700006864, registered 2018-07-16.
How many units does Akshar Alvario have?
MahaRERA records 92 units across 3 buildings, up to 16 floors.
Who is the developer of Akshar Alvario?
Akshar Developers — 25 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Nerul?
51 MahaRERA-registered projects in Nerul are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Akshar Alvario?
Line 8 Gold (Airport Express) — under construction · due 2030, 1.4 km away; Mumbai-Delhi Expressway (Vadodara link) — under construction · due 2028, 2.6 km away; Navi Mumbai International Airport (NMIA) — opened 2025, 2.9 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.
