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Primary inventory recordedMahaRERA P51800076840

Borivali West · Mumbai

Param

Baburao Paranjpe Marg, Borivali West · by Sumit Group

Updated Oct 2026

222
Units
2029
Possession
2
Buildings
Certificate Signed
Status

A first look at Param

Param is a residential project by Sumit Group on Baburao Paranjpe Marg, Borivali West, Mumbai 400092. It is registered with MahaRERA under P51800076840 (registered 2024-07-01). The project has 222 units across 2 buildings of up to 39 floors. It offers 2 & 3 BHK homes with carpet areas of 748–1,068 sq ft, priced ₹2.28 Cr–₹3.26 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹35,000 per sq ft. MahaRERA proposed possession: Mar 2029.

Primary inventory recorded.

Ask an advisor to verify current developer inventory and price.

Availability & Pricing

TypeCarpetPriceAvail
2 BHK748 ft²₹2.28 Cr—
3 BHK1068 ft²₹3.26 Cr—

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 WhatsApp
Unit configurations filed with MahaRERA (4)
ConfigurationCarpetIndicative Price
2 BHK Landowner748–792 ft²₹2.69 Cr–₹2.85 Cr
2 BHK748–792 ft²₹2.69 Cr–₹2.85 Cr
3 BHK Landowner1,068 ft²₹3.84 Cr
3 BHK953–1,068 ft²₹3.43 Cr–₹3.84 Cr
Configurations & carpet per MahaRERA filing · indicative price = locality rate × carpet (not the developer's quote).
💬 Verify current inventory with an advisor

Param floor plans

1
Param, Borivali West — floor plan 1

Floor plans are indicative, as shared by the developer, and subject to change.

About Param

Location

The address of Param is Baburao Paranjpe Marg, Borivali West, Mumbai 400092, in the Mumbai Suburban district. Across 70 recent resale listings on MPE, homes in Borivali West have a median asking rate of ₹34,000 per sq ft.

MahaRERA record

The MahaRERA registration number is P51800076840, issued on 1 July 2024. The registered promoter is Sumit Woods Limited. The filing lists 1 wing: Sumit KMR Param Phase 1 with 222 units over 39 floors. Per the registration, the architect on record is Swapnil Ambre and the project escrow account is with ICICI Bank Ltd.

Homes and prices

The price list covers 2 BHK of 748 sq ft at ₹2.28 Cr; 3 BHK of 1,068 sq ft at ₹3.26 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹30,500 per sq ft of carpet, 10% 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 100%, structure at 50%, finishing at 13%, services at 25%. Proposed possession is Mar 2029.

Developer track record

Sumit Group has 27 projects tracked on Mumbai Property Exchange, 20 of them delivered (ready or sold out). Other projects by the same developer include Sumit Casa, Sumit Bhakti, Sun Sumit Naomi Ark.

Buyer demand in Borivali West

In the last 90 days, buyers and tenants registered 48 requirements for Borivali West with Mumbai Property Exchange, 19 of them to buy and 19 specifically for 2 & 3 BHK homes.

Developer's description ▾
PARAM in Borivali West is a landmark luxury development crafted by Sumit Group and KMR Group, designed to redefine signature living in one of Mumbai’s most sought-after western suburbs. The project features a premium collection of spacious 2 & 3 BHK residences, grand 4 BHK homes, and exclusive duplex abodes, each planned with thoughtful layouts, modern aesthetics, and private decks that offer expansive views. Every home is created to enhance natural light, ventilation, and overall comfort, making PARAM a perfect blend of luxury and practicality. Spread across an expansive open land parcel, PARAM stands apart as a non-redevelopment project, offering better planning, openness, and long-term value. The development embraces Vaastu-compliant layouts and includes over 30 luxurious lifestyle amenities thoughtfully distributed across three levels. Residents can enjoy a grand double-height entrance, landscaped greens, fitness zones, recreational spaces, children’s areas, and multiple leisure experiences designed to enrich everyday living. The podium-level parking with dual ramp access ensures smooth entry and exit, adding to the project’s convenience and functionality. Located in the heart of Borivali West, PARAM offers exceptional connectivity to key destinations. The Borivali West Metro Station is just minutes away, while the Borivali Railway Station and the Western Express Highway can be reached quickly, ensuring seamless east–west and north–south travel. The project is surrounded by proposed gardens and green zones, enhancing the overall environment. Leading educational institutions, premium restaurants, shopping areas, and reputed hospitals are all within close reach, making it an ideal address for both families and professionals. With its strategic location, premium lifestyle, and the trust of two renowned developers, PARAM stands as a benchmark of luxury living in Borivali West. The project is registered under MahaRERA No. P51800076840, ensuring transparency and confidence for homebuyers.

Borivali West market

prices, rents & rates

Price vs locality

₹35,000
/sqft · Borivali West rate-band mid-point ₹40,000
12% below mid-point

Borivali West — resale, rent & yield

Resale
₹34,000/sqft
median · 70 listings

This project is quoted around ₹35,000/sqft — 3% above resale here.

From MPE live listings, last 18 months · Mumbai price index ›

Property rates in Borivali West

Residential · Sale
₹30,000–50,000/sqft
Commercial · Sale
₹30,000–45,000/sqft
2 BHK · Rent
₹65,000–90,000/mo

Upcoming projects & infrastructure in Borivali West

take an informed decision

167 MahaRERA projects are due to hand over in Borivali West between 2026 and 2030; the nearest upcoming infrastructure to Param is the Borivali-Thane Tunnel, 1.6 km away (under construction · due 2028).

167
MahaRERA projects handing over in the next 5 years
in Borivali West
₹34,100/sqft▲
typical asking price
rising this quarter
₹15,300/sqft
ready reckoner rate (government)
2025-26 · stamp duty is charged on the higher of this and the deal value
New projects in Borivali West by possession year
16
2026
54
2027
41
2028
34
2029
22
2030
Metro & infrastructure near Param
  • 🚇Borivali-Thane TunnelUnder construction · due 20281.6 km
  • 🚇Line 9 Red (Mira-Bhayandar)Opened 20263.1 km
Questions about Borivali West prices?

Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Borivali West, 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

Possession (proposed)
Mar 2029
Project status
New
MahaRERA No.
P51800076840
Data last updated
Oct 2026
Registered
2024-07-01
Escrow Bank
ICICI BANK LIMITED
Architect
Swapnil Ambre
Total FSI
19,224

Buildings · 1 wing

222 units
Sumit KMR Param Phase 1 · 39 fl · 222 u

Location

Map data © OpenStreetMap contributors · location indicativeOpen larger map ›

Construction progress

per MahaRERA
Foundation100%
Structure50%
Finishing13%
Services25%
See all 11 stages ▾
Basement (if any)100%
Excavation100%
Plinth100%
Podiums (if any)100%
Stilt Floor100%
Slabs of Super Structure50%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and …50%
Internal walls, Intemal Plaster, Floorings, Floors and windows within…40%
External plumbing and external plaster, elevation, completion of terr…0%
Installation of Lifts, water pumps, Fire Fighting Fittings and Equipm…0%
Sanitary Fittings within the flats / premises0%

What you pay, and when

an example

This 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 · 1068 sq ft at ₹3.26 Cr (the price recorded above).

Due soon after booking~₹97.8 L30%, stages already done
Balance till possession~₹2.28 Crover about 29 months
Stamp duty + GST~₹19.6 L + ₹16.3 L6% + 5%, plus ~₹30,000 registration
  1. ○ Plinth complete45% paid by then
  2. ○ Slabs complete70% paid by then
  3. ○ Walls, plaster & flooring75% paid by then
  4. ○ Sanitary fittings80% paid by then
  5. ○ Staircases, lift wells & lobbies85% paid by then
  6. ○ Lifts, pumps, plumbing & elevation95% paid by then
  7. ○ Possession100%

With a home loan: banks usually fund up to 75% (₹2.44 Cr here), released stage by stage, so your own money is about ₹81.5 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 ₹2.12 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 advisor

Amenities

20
Swimming PoolKids Play AreaGardenClubhouseIndoor GamesGymnasiumJogging TrackYoga Room
+12 more ▾
SpaSports CourtCCTV24x7 SecurityVideo Door PhoneFire SafetyIntercomPower BackupParkingVisitor ParkingConcealed WiringConcealed Plumbing

Next 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 Borivali West

4

Flats for Rent in Borivali West

3

Commercial for Sale in Borivali West

2

Commercial for Lease in Borivali West

1

Commercial Projects in Borivali West

More by Sumit Group

Compare Sumit Kmr Param with similarly priced projects nearby

MahaRERA projects nearby in Borivali West

Frequently Asked Questions

Where is Param located?

Param is on Baburao Paranjpe Marg, Borivali West, Mumbai 400092.

What is the price of Param?

2 & 3 BHK homes are priced ₹2.28 Cr–₹3.26 Cr as on 09 Jul 2026, about ₹35,000 per sq ft. Prices are indicative and subject to reconfirmation with the developer.

What configurations and carpet areas does Param offer?

2 BHK – 748 sq ft carpet at ₹2.28 Cr; 3 BHK – 1,068 sq ft carpet at ₹3.26 Cr.

When is possession of Param?

As per MahaRERA, proposed possession is Mar 2029.

Is Param RERA-registered?

Yes — MahaRERA registration P51800076840, registered 2024-07-01.

How many units does Param have?

MahaRERA records 222 units across 19 buildings, up to 39 floors.

Who is the developer of Param?

Sumit Group — 27 projects tracked on Mumbai Property Exchange. View their track record ▸

How many new projects are coming up in Borivali West?

167 MahaRERA-registered projects in Borivali West are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.

What metro and infrastructure is near Param?

Borivali-Thane Tunnel — under construction · due 2028, 1.6 km away; Line 9 Red (Mira-Bhayandar) — opened 2026, 3.1 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.

Disclaimer. Information on this page is compiled from MahaRERA registrations, public infrastructure announcements, developer materials and Mumbai Property Exchange listings. Prices, availability, possession dates and infrastructure timelines are indicative, subject to change, and updated periodically (last updated 2026-10-11). This is not an offer or an advertisement by the developer; please verify all details with the developer and on MahaRERA before deciding. Mumbai Property Exchange, MahaRERA agent A51800043517.
Are you the developer and see something wrong? Report a correction on WhatsApp — we verify and update.
SOURCE · MAHARERA + MUMBAI PROPERTY EXCHANGE
INDEPENDENT DATA · RERA A51800043517 · EST. 1995
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