Borivali East · Mumbai
Laxmi Narayan Mansion
1st Kasturba Road, Shamrao Vithal Co.op. Bank, Borivali East · by Atharva Properties
Updated Sep 2026
Borivali EastPhotos from the project record · tap to enlarge
A first look at Laxmi Narayan Mansion
Laxmi Narayan Mansion is a residential project by Atharva Properties on 1st Kasturba Road, Shamrao Vithal Co.op. Bank, Borivali East, Mumbai 400092. It is registered with MahaRERA under P51800002218 (registered 2021-09-09). Laxmi Narayan Mansion is sold out by the developer; ask MPE for resale or rental flats in this building. The project has 48 units across 1 building of up to 19 floors. It offers 3 BHK homes with carpet areas of 780–895 sq ft. MahaRERA proposed possession: Jan 2022.
Ask an advisor to check current resale or rental availability.
Unit configurations filed with MahaRERA (4)
Laxmi Narayan Mansion floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
About Laxmi Narayan Mansion
Location
The address of Laxmi Narayan Mansion is 1st Kasturba Road, Shamrao Vithal Co.op. Bank, Borivali East, Mumbai 400092, in the Mumbai Suburban district. Across 22 recent resale listings on MPE, homes in Borivali East have a median asking rate of ₹31,386 per sq ft, and a 2 BHK typically rents for about ₹60,000 a month.
MahaRERA record
Laxmi Narayan Mansion is registered with MahaRERA under P51800002218, dated 9 September 2021. The registered promoter is Atharva Developers. The filing lists 1 wing: LAXMI NARAYAN MANSION over 19 floors. According to MahaRERA, the architect on record is Mr Manish Manharlal Shah and the project escrow account is with The Shamrao Vithal Cooperative Bank.
Homes and prices
The price list covers 2½ BHK of 780–790 sq ft at ₹2.36 Cr–₹2.39 Cr; 3 BHK of 810–895 sq ft at ₹2.44 Cr–₹2.67 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹29,800–₹30,300 per sq ft of carpet, 4% 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 98%, structure at 74%, finishing at 27%, services at 28%. Proposed possession is Jan 2022.
Developer track record
Atharva Properties has 10 projects tracked on Mumbai Property Exchange, 10 of them delivered (ready or sold out). Other projects by the same developer include Maitri Enclave.
Buyer demand in Borivali East
In the last 90 days, buyers and tenants registered 17 requirements for Borivali East with Mumbai Property Exchange, 7 of them to buy.
Developer's description ▾
Borivali East market
prices, rents & ratesPrice vs locality
Borivali East — resale, rent & yield
This project is quoted around ₹30,105/sqft — 4% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Borivali East
Upcoming projects & infrastructure in Borivali East
take an informed decision45 MahaRERA projects are due to hand over in Borivali East between 2026 and 2030.
Supply is not evenly spread — one year carries about a third of it.
🔒 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: 3 BHK · 810 sq ft at ₹2.44 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% (₹1.83 Cr here), released stage by stage, so your own money is about ₹61.0 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 ₹1.59 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
8Talk 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 Borivali East
4
Flats for Rent in Borivali East
4
Commercial for Sale in Borivali East
1
Commercial for Lease in Borivali East
1
Commercial Projects in Borivali East
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Frequently Asked Questions
Where is Laxmi Narayan Mansion located?
Laxmi Narayan Mansion is on 1st Kasturba Road, Shamrao Vithal Co.op. Bank, Borivali East, Mumbai 400092.
What is the price of Laxmi Narayan Mansion?
Laxmi Narayan Mansion is sold out by the developer; ask MPE for resale or rental flats in this building.
What configurations and carpet areas does Laxmi Narayan Mansion offer?
2½ BHK – 780 sq ft carpet; 2½ BHK – 790 sq ft carpet; 3 BHK – 810 sq ft carpet; 3 BHK – 835 sq ft carpet; 3 BHK – 895 sq ft carpet.
When is possession of Laxmi Narayan Mansion?
As per MahaRERA, proposed possession is Jan 2022.
Is Laxmi Narayan Mansion RERA-registered?
Yes — MahaRERA registration P51800002218, registered 2021-09-09.
How many units does Laxmi Narayan Mansion have?
MahaRERA records 48 units, up to 19 floors.
Who is the developer of Laxmi Narayan Mansion?
Atharva Properties — 10 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Borivali East?
45 MahaRERA-registered projects in Borivali East are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines 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.
