Mahalaxmi · Mumbai
Blue Ocean
Mahalaxmi · by Quba Developers
Updated Sep 2026
MahalaxmiPhotos from the project record · tap to enlarge
A first look at Blue Ocean
Blue Ocean is a residential project by Quba Developers in Mahalaxmi, Mumbai 400008. It is registered with MahaRERA under P51900051566 (registered 2023-06-27). The project has 208 units across 1 building of up to 29 floors. It offers 1 & 2 BHK homes with carpet areas of 395–756 sq ft, priced ₹1.28 Cr–₹2.45 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹32,400 per sq ft. MahaRERA proposed possession: Sep 2027.
Ask an advisor to verify current developer inventory and price.
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)
Blue Ocean floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
About Blue Ocean
Location
The project is in Mahalaxmi, Mumbai 400008. Across 52 recent resale listings on MPE, homes in Mahalaxmi have a median asking rate of ₹60,357 per sq ft, and a 2 BHK typically rents for about ₹1.85 Lac a month.
MahaRERA record
Blue Ocean is registered with MahaRERA under P51900051566, dated 27 June 2023. The registered promoter is Quba Developers LLP. The filing lists 1 wing: BLUE OCEAN with 208 units over 29 floors. According to MahaRERA, the architect on record is Aman Associates and the project escrow account is with ICICI Bank Ltd.
Homes and prices
The price list covers 1 BHK of 395–413 sq ft at ₹1.28 Cr–₹1.34 Cr; 2 BHK of 556–560 sq ft at ₹1.8 Cr–₹1.82 Cr; 2½ BHK of 756 sq ft at ₹2.45 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹32,400–₹32,500 per sq ft of carpet, 46% 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 65%, finishing at 33%, services at 30%. Proposed possession is Sep 2027.
Developer track record
Quba Developers has 3 projects tracked on Mumbai Property Exchange, 1 of them delivered (ready or sold out). Other projects by the same developer include 104 East, Arfa Garden.
Buyer demand in Mahalaxmi
In the last 90 days, buyers and tenants registered 21 requirements for Mahalaxmi with Mumbai Property Exchange, 6 of them to buy and 5 specifically for 1 & 2 BHK homes.
Mahalaxmi market
prices, rents & ratesPrice vs locality
Mahalaxmi — resale, rent & yield
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Mahalaxmi
Upcoming projects & infrastructure in Mahalaxmi
take an informed decision7 MahaRERA projects are due to hand over in Mahalaxmi between 2027 and 2031; the nearest upcoming infrastructure to Blue Ocean is the Line 11 Green, 1.3 km away (approved).
- 🚇Line 11 GreenApproved1.3 km
- 🚇Line 3 AquaOpened 20251.5 km
- 🛣️Coastal Road (Phase 1)Opened 20241.5 km
- 🛣️Worli-Sewri ConnectorUnder construction · due 20262.8 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
208 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 · 556 sq ft at ₹1.80 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% (₹1.35 Cr here), released stage by stage, so your own money is about ₹45.0 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 ₹1.17 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
7Next 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 Mahalaxmi
4
Flats for Rent in Mahalaxmi
4
Commercial for Sale in Mahalaxmi
1
Commercial for Lease in Mahalaxmi
2
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Frequently Asked Questions
Where is Blue Ocean located?
Blue Ocean is in Mahalaxmi, Mumbai 400008.
What is the price of Blue Ocean?
1 & 2 BHK homes are priced ₹1.28 Cr–₹2.45 Cr as on 09 Jul 2026, about ₹32,400 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Blue Ocean offer?
1 BHK – 395 sq ft carpet at ₹1.28 Cr; 1 BHK – 413 sq ft carpet at ₹1.34 Cr; 2 BHK – 556 sq ft carpet at ₹1.8 Cr; 2 BHK – 560 sq ft carpet at ₹1.82 Cr; 2½ BHK – 756 sq ft carpet at ₹2.45 Cr.
When is possession of Blue Ocean?
As per MahaRERA, proposed possession is Sep 2027.
Is Blue Ocean RERA-registered?
Yes — MahaRERA registration P51900051566, registered 2023-06-27.
How many units does Blue Ocean have?
MahaRERA records 208 units across 5 buildings, up to 29 floors.
Who is the developer of Blue Ocean?
Quba Developers — 3 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Mahalaxmi?
7 MahaRERA-registered projects in Mahalaxmi are due for possession between 2027 and 2031, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Blue Ocean?
Line 11 Green — approved, 1.3 km away; Line 3 Aqua — opened 2025, 1.5 km away; Coastal Road (Phase 1) — opened 2024, 1.5 km away; Worli-Sewri Connector — under construction · due 2026, 2.8 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.
