Parel · Mumbai
Crescent Bay Tower 2
Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel · by L and T Realty
Registered project name
Crescent Bay - T2Updated Oct 2026
ParelPhotos from the project record · tap to enlarge
A first look at Crescent Bay Tower 2
Crescent Bay Tower 2 is a residential project by L and T Realty on Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel, Mumbai 400012. It is registered with MahaRERA under P51900010178 (registered 2018-02-07). Crescent Bay Tower 2 is sold out by the developer; ask MPE for resale or rental flats in this building. The project has 240 units across 1 building of up to 57 floors. It offers 2 BHK homes with carpet areas of 825–1,150 sq ft. MahaRERA proposed possession: Mar 2019.
Ask an advisor to check current resale or rental availability.
Other wings & phases: Crescent Bay - T1 - 40, 41 Floors · Crescent Bay - T3 · Crescent Bay - T4 · Crescent Bay - T5 · Crescent Bay - T6
Unit configurations filed with MahaRERA (2)
Crescent Bay Tower 2 floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
Crescent Bay Tower 2 videos
About Crescent Bay Tower 2
Location
Crescent Bay Tower 2 is located on Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel (Mumbai 400012), in the Mumbai City district. Across 353 recent resale listings on MPE, homes in Parel have a median asking rate of ₹48,000 per sq ft, and a 2 BHK typically rents for about ₹1.4 Lac a month.
MahaRERA record
Crescent Bay Tower 2 is registered with MahaRERA under P51900010178, dated 7 February 2018. The registered promoter is L&T Parel Project LLP (Jv With Ordpl). The filing lists 1 wing: T2 over 57 floors. According to MahaRERA, the architect on record is Anand V. Dhokay and the project escrow account is with Kotak Mahindra Bank Ltd.
Homes and prices
Configurations recorded are 2 BHK of 825 sq ft at ₹3.6 Cr; 2½ BHK of 1,150 sq ft at ₹4.7 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹40,900–₹43,600 per sq ft of carpet, 9% 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 100%, services at 93%. Proposed possession is Mar 2019.
Developer track record
L and T Realty has 5795 projects tracked on Mumbai Property Exchange, 4771 of them delivered (ready or sold out). Other projects by the same developer include West Square, Crestoria Estate.
Buyer demand in Parel
In the last 90 days, buyers and tenants registered 18 requirements for Parel with Mumbai Property Exchange, 4 of them to buy and 3 specifically for 2 BHK homes.
Developer's description ▾
Crescent Bay Tower 2 is a marquee project being developed by L&T Realty in collaboration with Omkar. Emerging in the centrally located hub of Parel - South Mumbai, Crescent Bay is Mumbai's finest landmark comprising of 6 residential towers on an elevated podium with panoramic views of the city skyline & Arabian Sea. Come to think of it, it's only a matter of time before it becomes one of the most sought-after addresses in the city. This complex comprises 6 majestic residential towers, aligned to form a moon-like crescent shape when viewed from afar.
The tower has 2BHK & 3 BHK apartments in Parel's most fabulous location, a panoramic view of the Arabian Sea & City skyline. Located in South Mumbai, in the largely residential part of Parel, Crescent Bay offers you a tranquil setting with the Arabian Sea as its backdrop.
Besides its proximity to some of the largest retail and commercial hubs in the city, Crescent Bay also offers easy access to both the central and western suburbs. That's why it's one of the most coveted properties in the city. Moreover, with business districts like Nariman Point as well as BKC a few minutes away by road, you'll find your commute to work takes no time at all.
Crescent Bay Tower 2 is a 44 storey Ready Possession and the location is Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel and is developed by L and T Realty. Crescent Bay was launched in Oct 2012 and the possession of the same is likely to be in Sep 2019.
Crescent Bay Tower 2 is RERA approved has the Registration Number bearing P51900010178.
L and T Realty currently has 3 Ready Possession, 11 Under Construction projects.
The property prices in Parel are in the range of 22000 to 32000 for Outright for ready and under construction projects.Crescent Bay Tower 2 has good reviews and the ratings of this project are approximately 4.5 out of 5.
Download the brochure and video of Crescent Bay and see the latest
digital pictures, Floor Plans, Location Plans & Rate History on our
website.
The Bookings for the Under Construction project
Crescent Bay are open and we can set up a Site Visit any time at your
Convenience.
Crescent Bay is approved by most of the Banks and for more details on the approved bank list, please connect with us.
OC Recieved for Crescent Bay Tower 2
For further information on Crescent Bay Tower Callisto, 4, 5, 6 click on the link below.
Parel market
prices, rents & ratesPrice vs locality
Parel — resale, rent & yield
This project is quoted around ₹42,253/sqft — 12% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Parel
Upcoming projects & infrastructure in Parel
take an informed decision11 MahaRERA projects are due to hand over in Parel between 2027 and 2031; the nearest upcoming infrastructure to Crescent Bay Tower 2 is the Worli-Sewri Connector, 0.8 km away (under construction · due 2026).
Supply is not evenly spread — one year carries almost half of it.
- 🛣️Worli-Sewri ConnectorUnder construction · due 20260.8 km
- 🚇Line 11 GreenApproved1.0 km
- 🌉MTHL / Atal SetuOpened 20241.4 km
- 🚇Line 4 GreenUnder construction · due 20271.9 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 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
Location
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: 2½ BHK · 1150 sq ft at ₹4.70 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% (₹3.52 Cr here), released stage by stage, so your own money is about ₹1.18 Cr plus stamp duty and GST. Until possession you pay interest only on what the bank has released; after that the full EMI is roughly ₹3.06 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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Connectivity
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Tell our MahaRERA advisor what you need and they'll guide you on this project.
💬 Ask about resale or rental optionsResale Flats for Sale in Parel
4
Flats for Rent in Parel
4
Commercial for Sale in Parel
1
Commercial for Lease in Parel
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Frequently Asked Questions
Where is Crescent Bay Tower 2 located?
Crescent Bay Tower 2 is on Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel, Mumbai 400012.
What is the price of Crescent Bay Tower 2?
Crescent Bay Tower 2 is sold out by the developer; ask MPE for resale or rental flats in this building.
What configurations and carpet areas does Crescent Bay Tower 2 offer?
2 BHK – 825 sq ft carpet; 2½ BHK – 1,150 sq ft carpet.
When is possession of Crescent Bay Tower 2?
As per MahaRERA, proposed possession is Mar 2019.
Is Crescent Bay Tower 2 RERA-registered?
Yes — MahaRERA registration P51900010178, registered 2018-02-07.
How many units does Crescent Bay Tower 2 have?
MahaRERA records 240 units across 3 buildings, up to 57 floors.
Who is the developer of Crescent Bay Tower 2?
L and T Realty — 5795 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Parel?
11 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 Crescent Bay Tower 2?
Worli-Sewri Connector — under construction · due 2026, 0.8 km away; Line 11 Green — approved, 1.0 km away; MTHL / Atal Setu — opened 2024, 1.4 km away; Line 4 Green — under construction · due 2027, 1.9 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.
