Lower Parel · Mumbai
Arihant Towers
N.M Joshi Marg, Opp. Jain Derasar, Adarsh Nagar, Lower Parel · by MJ Shah Group (Mehta Developers)
Registered project name
Arihant TowerUpdated Oct 2026
Lower ParelPhotos from the project record · tap to enlarge
A first look at Arihant Towers
Arihant Towers is a residential project by MJ Shah Group on N.M Joshi Marg, Opp. Jain Derasar, Adarsh Nagar, Lower Parel, Mumbai 400028. It is registered with MahaRERA under P51900031107 (registered 2021-10-05). Arihant Towers is sold out by the developer; ask MPE for resale or rental flats in this building. The project has 77 units across 1 building of up to 23 floors. It offers 2 & 3 BHK homes with carpet areas of 805–1,215 sq ft. MahaRERA proposed possession: Jan 2027.
Ask an advisor to check current resale or rental availability.
Unit configurations filed with MahaRERA (3)
Arihant Towers floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
About Arihant Towers
Location
The address of Arihant Towers is N.M Joshi Marg, Opp. Jain Derasar, Adarsh Nagar, Lower Parel, Mumbai 400028, in the Mumbai City district. Across 387 recent resale listings on MPE, homes in Lower Parel have a median asking rate of ₹63,600 per sq ft, and a 2 BHK typically rents for about ₹1.5 Lac a month.
MahaRERA record
The MahaRERA registration number is P51900031107, issued on 5 October 2021. The registered promoter is Mehta Developers. The filing lists 1 wing: ARIHANT TOWER with 77 units over 23 floors. Per the registration, the architect on record is NEERAJ CHUDAWALA and the project escrow account is with AU Small Finance Bank Ltd.
Homes and prices
The price list covers 2 BHK of 805–823 sq ft at ₹3.68 Cr–₹3.76 Cr; 3 BHK of 1,215 sq ft at ₹5.5 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹45,300–₹45,700 per sq ft of carpet, 28% 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 80%, structure at 100%, finishing at 95%, services at 90%. Proposed possession is Jan 2027.
Developer track record
MJ Shah Group has 101 projects tracked on Mumbai Property Exchange, 83 of them delivered (ready or sold out). Other projects by the same developer include Mehta Highland, JVM Odysseus, JVM Cynergy.
Buyer demand in Lower Parel
In the last 90 days, buyers and tenants registered 29 requirements for Lower Parel with Mumbai Property Exchange, 11 of them to buy and 10 specifically for 2 & 3 BHK homes.
Developer's description ▾
Lower Parel market
prices, rents & ratesPrice vs locality
Lower Parel — resale, rent & yield
This project is quoted around ₹45,556/sqft — 28% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Lower Parel
Upcoming projects & infrastructure in Lower Parel
take an informed decision5 MahaRERA projects are due to hand over in Lower Parel between 2027 and 2031; the nearest upcoming infrastructure to Arihant Towers is the Worli-Sewri Connector, 0.3 km away (under construction · due 2026).
Supply is not evenly spread — one year carries almost half of it.
- 🛣️Worli-Sewri ConnectorUnder construction · due 20260.3 km
- 🚇Line 11 GreenApproved0.5 km
- 🌉MTHL / Atal SetuOpened 20241.5 km
- 🚇Line 4 GreenUnder construction · due 20272.5 km
- 🚇Line 3 AquaOpened 20253.1 km
Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Lower Parel, 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 · 1 wing
77 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 · 823 sq ft at ₹3.76 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% (₹2.82 Cr here), released stage by stage, so your own money is about ₹94.0 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 ₹2.45 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 Lower Parel
4
Flats for Rent in Lower Parel
4
Commercial for Sale in Lower Parel
1
Commercial for Lease in Lower Parel
2
Commercial Projects in Lower Parel
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Frequently Asked Questions
Where is Arihant Towers located?
Arihant Towers is on N.M Joshi Marg, Opp. Jain Derasar, Adarsh Nagar, Lower Parel, Mumbai 400028.
What is the price of Arihant Towers?
Arihant Towers is sold out by the developer; ask MPE for resale or rental flats in this building.
What configurations and carpet areas does Arihant Towers offer?
2 BHK – 805 sq ft carpet; 2 BHK – 823 sq ft carpet; 3 BHK – 1,215 sq ft carpet.
When is possession of Arihant Towers?
As per MahaRERA, proposed possession is Jan 2027.
Is Arihant Towers RERA-registered?
Yes — MahaRERA registration P51900031107, registered 2021-10-05.
How many units does Arihant Towers have?
MahaRERA records 77 units across 10 buildings, up to 23 floors.
Who is the developer of Arihant Towers?
MJ Shah Group (Mehta Developers) — 101 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Lower Parel?
5 MahaRERA-registered projects in Lower Parel are due for possession between 2027 and 2031, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Arihant Towers?
Worli-Sewri Connector — under construction · due 2026, 0.3 km away; Line 11 Green — approved, 0.5 km away; MTHL / Atal Setu — opened 2024, 1.5 km away; Line 4 Green — under construction · due 2027, 2.5 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.
