Sion · Mumbai
Promont
Sion · by Sheth Realty
Updated Sep 2026
SionPhotos from the project record · tap to enlarge
A first look at Promont
Promont is a residential project by Sheth Realty in Sion, Mumbai 400022. It is registered with MahaRERA under P51800056060 (registered 2024-05-10). The project has 536 units across 1 building of up to 29 floors. It offers 2 & 3 BHK homes with carpet areas of 624–972 sq ft, priced ₹1.99 Cr–₹3.5 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹31,500 per sq ft. MahaRERA proposed possession: Apr 2029.
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 WhatsAppPromont floor plans
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Floor plans are indicative, as shared by the developer, and subject to change.
About Promont
Location
The project is in Sion, Mumbai 400022, in the Mumbai Suburban district. Across 13 recent resale listings on MPE, homes in Sion have a median asking rate of ₹38,467 per sq ft, and a 2 BHK typically rents for about ₹86,500 a month.
MahaRERA record
Promont is registered with MahaRERA under P51800056060, dated 10 May 2024. The registered promoter is Sheth Smarthomes LLP. The filing lists 1 wing: Codename Younique Wing A to G with 536 units over 29 floors. According to MahaRERA, the project escrow account is with Indusind Bank.
Homes and prices
Configurations recorded are 2 BHK of 624–716 sq ft at ₹1.99 Cr–₹2.35 Cr; 3 BHK of 868–972 sq ft at ₹2.75 Cr–₹3.5 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹31,700–₹36,000 per sq ft of carpet, 15% 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 61%, structure at 22%, finishing at 0%, services at 11%. Proposed possession is Apr 2029.
Developer track record
Sheth Realty has 51 projects tracked on Mumbai Property Exchange, 39 of them delivered (ready or sold out). Other projects by the same developer include Commercial Space in Goregaon West, Sheth Vasant Lawn Fern, Aurish Ilaria.
Buyer demand in Sion
In the last 90 days, buyers and tenants registered 11 requirements for Sion with Mumbai Property Exchange, 8 of them to buy and 6 specifically for 2 & 3 BHK homes.
Sion market
prices, rents & ratesPrice vs locality
Sion — resale, rent & yield
This project is quoted around ₹31,500/sqft — 18% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Sion
Upcoming projects & infrastructure in Sion
take an informed decision22 MahaRERA projects are due to hand over in Sion between 2027 and 2031; the nearest upcoming infrastructure to Promont is the Line 4 Green, 1.6 km away (under construction · due 2027).
- 🚇Line 4 GreenUnder construction · due 20271.6 km
- 🚇Line 2B YellowOpened 20261.8 km
- 🚇Line 3 AquaOpened 20251.8 km
- 🚄Mumbai-Ahmedabad Bullet TrainUnder construction · due 20291.8 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
536 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: 3 BHK · 868 sq ft at ₹2.75 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% (₹2.06 Cr here), released stage by stage, so your own money is about ₹68.8 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 ₹1.79 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
19+11 more ▾
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 Sion
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Flats for Rent in Sion
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More by Sheth Realty
Compare Promont with similarly priced projects nearby
MahaRERA projects nearby in Sion
Frequently Asked Questions
Where is Promont located?
Promont is in Sion, Mumbai 400022.
What is the price of Promont?
2 & 3 BHK homes are priced ₹1.99 Cr–₹3.5 Cr as on 09 Jul 2026, about ₹31,500 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Promont offer?
2 BHK – 624 sq ft carpet at ₹1.99 Cr; 2 BHK – 716 sq ft carpet at ₹2.35 Cr; 3 BHK – 868 sq ft carpet at ₹2.75 Cr; 3 BHK – 972 sq ft carpet at ₹3.5 Cr.
When is possession of Promont?
As per MahaRERA, proposed possession is Apr 2029.
Is Promont RERA-registered?
Yes — MahaRERA registration P51800056060, registered 2024-05-10.
How many units does Promont have?
MahaRERA records 536 units across 6 buildings, up to 29 floors.
Who is the developer of Promont?
Sheth Realty — 51 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Sion?
22 MahaRERA-registered projects in Sion are due for possession between 2027 and 2031, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Promont?
Line 4 Green — under construction · due 2027, 1.6 km away; Line 2B Yellow — opened 2026, 1.8 km away; Line 3 Aqua — opened 2025, 1.8 km away; Mumbai-Ahmedabad Bullet Train — under construction · due 2029, 1.8 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.
