Parel · Mumbai
Crescent Bay Tower 3
Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel · by L and T Realty
Registered project name
Crescent Bay - T3Updated Sep 2026
ParelPhotos from the project record · tap to enlarge
A first look at Crescent Bay Tower 3
Crescent Bay Tower 3 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 P51900005188 (registered 2021-09-09). Crescent Bay Tower 3 is sold out by the developer — resale flats here are listed from ₹4 Cr. The project has 268 units across 1 building of up to 59 floors. It offers 2 BHK homes with carpet areas of 900 sq ft. MahaRERA proposed possession: Mar 2024, revised to Mar 2023.
2 for sale in this building right now, listed below.
Other wings & phases: Crescent Bay - T1 - 40, 41 Floors · Crescent Bay - T2 · Crescent Bay - T4 · Crescent Bay - T5 · Crescent Bay - T6
Unit configurations filed with MahaRERA (3)
Property listings in Crescent Bay Tower 3
Crescent Bay Tower 3 floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
Crescent Bay Tower 3 videos
About Crescent Bay Tower 3
Location
Crescent Bay Tower 3 is located on Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel (Mumbai 400012), in the Pune district. Across 44 recent resale listings on MPE, homes in Parel have a median asking rate of ₹40,000 per sq ft, and a 2 BHK typically rents for about ₹1.35 Lac a month.
MahaRERA record
Crescent Bay Tower 3 is registered with MahaRERA under P51900005188, dated 9 September 2021. The registered promoter is L&T Parel Project LLP (Jv With Ordpl). The filing lists 1 wing: T3 over 59 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 900 sq ft at ₹4.1 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹45,600 per sq ft of carpet, 14% 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 100%, services at 100%. Proposed possession is Mar 2024, revised to Mar 2023.
Developer track record
L and T Realty has 5783 projects tracked on Mumbai Property Exchange, 4766 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 19 requirements for Parel with Mumbai Property Exchange, 3 of them to buy and 3 specifically for 2 BHK homes.
Developer's description ▾
Parel market
prices, rents & ratesPrice vs locality
Parel — resale, rent & yield
This project is quoted around ₹45,555/sqft — 14% above resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Parel
Upcoming projects & infrastructure in Parel
take an informed decision3 MahaRERA projects are due to hand over in Parel between 2027 and 2031; the nearest upcoming infrastructure to Crescent Bay Tower 3 is the Worli-Sewri Connector, 0.9 km away (under construction · due 2026).
Supply is not evenly spread — one year carries almost half of it.
- 🛣️Worli-Sewri ConnectorUnder construction · due 20260.9 km
- 🚇Line 11 GreenApproved0.9 km
- 🌉MTHL / Atal SetuOpened 20241.5 km
- 🚇Line 4 GreenUnder construction · due 20271.9 km
- 🚇Line 3 AquaOpened 20253.0 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
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: 2 BHK · 900 sq ft at ₹4.10 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% (₹3.08 Cr here), released stage by stage, so your own money is about ₹1.02 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 ₹2.67 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
14+6 more ▾
Talk to our MahaRERA advisor
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
2
Commercial for Lease in Parel
1
Commercial Projects in Parel
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Frequently Asked Questions
Where is Crescent Bay Tower 3 located?
Crescent Bay Tower 3 is on Jerbai Wadia Road, Near Mahatma Phule Education Society, Parel, Mumbai 400012.
What is the price of Crescent Bay Tower 3?
Crescent Bay Tower 3 is sold out by the developer — resale flats here are listed from ₹4 Cr. These are current asking prices from live listings on MPE.
What configurations and carpet areas does Crescent Bay Tower 3 offer?
2 BHK – 900 sq ft carpet.
When is possession of Crescent Bay Tower 3?
As per MahaRERA, proposed possession is Mar 2024, revised to Mar 2023.
Is Crescent Bay Tower 3 RERA-registered?
Yes — MahaRERA registration P51900005188, registered 2021-09-09.
How many units does Crescent Bay Tower 3 have?
MahaRERA records 268 units across 3 buildings, up to 59 floors.
Who is the developer of Crescent Bay Tower 3?
L and T Realty — 5783 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Parel?
3 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 3?
Worli-Sewri Connector — under construction · due 2026, 0.9 km away; Line 11 Green — approved, 0.9 km away; MTHL / Atal Setu — opened 2024, 1.5 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.
