Parel · Mumbai
Raj Kamal Park
Parel · by Rishabh Developers (Prarthana Griha Nirman)
Registered project name
Rajkamal ParkUpdated Sep 2026
ParelPhotos from the project record · tap to enlarge
A first look at Raj Kamal Park
Raj Kamal Park is a residential project by Rishabh Developers in Parel, Mumbai 400012. It is registered with MahaRERA under P51900010115 (registered 2021-09-09). Raj Kamal Park is sold out by the developer; ask MPE for resale or rental flats in this building. The project has 162 units across 2 buildings of up to 8 floors. It offers 1 & 2 BHK homes with carpet areas of 390–752 sq ft. MahaRERA proposed possession: May 2025, revised to Dec 2023.
Ask an advisor to check current resale or rental availability.
Unit configurations filed with MahaRERA (1)
Raj Kamal Park floor plans
1
Floor plans are indicative, as shared by the developer, and subject to change.
About Raj Kamal Park
Location
Raj Kamal Park is located in 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
The MahaRERA registration number is P51900010115, issued on 9 September 2021. The registered promoter is Prarthana Griha Nirman. The filing lists 2 wings: 1 Wing B with 36 units over 8 floors; A , B, C, D with 126 units over 8 floors. Per the registration, the architect on record is Chandrashekhar and the project escrow account is with Axis Bank.
Homes and prices
The price list covers 1 BHK of 390–475 sq ft at ₹1.6 Cr–₹1.8 Cr; 2 BHK of 582–752 sq ft at ₹2.5 Cr–₹3.23 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹37,900–₹43,000 per sq ft of carpet, 6% 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 98%, services at 99%. Proposed possession is May 2025, revised to Dec 2023.
Developer track record
Rishabh Developers has 19 projects tracked on Mumbai Property Exchange, 18 of them delivered (ready or sold out). Other projects by the same developer include La Alteza.
Buyer demand in Parel
In the last 90 days, buyers and tenants registered 18 requirements for Parel with Mumbai Property Exchange, 3 of them to buy and 6 specifically for 1 & 2 BHK homes.
Developer's description ▾
Parel market
prices, rents & ratesPrice vs locality
Parel — resale, rent & yield
This project is quoted around ₹41,011/sqft — 3% 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 Raj Kamal Park is the Worli-Sewri Connector, 0.2 km away (under construction · due 2026).
Supply is not evenly spread — one year carries almost half of it.
- 🛣️Worli-Sewri ConnectorUnder construction · due 20260.2 km
- 🚇Line 11 GreenApproved0.5 km
- 🌉MTHL / Atal SetuOpened 20241.9 km
- 🚇Line 3 AquaOpened 20252.7 km
- 🛣️Coastal Road (Phase 1)Opened 20243.1 km
- 🚇Line 4 GreenUnder construction · due 20273.1 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 · 2 wings
162 unitsLocation
Construction progress
per MahaRERASee all 14 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 · 582 sq ft at ₹2.50 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% (₹1.88 Cr here), released stage by stage, so your own money is about ₹62.5 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 ₹1.63 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
6Talk 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
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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 Raj Kamal Park located?
Raj Kamal Park is in Parel, Mumbai 400012.
What is the price of Raj Kamal Park?
Raj Kamal Park is sold out by the developer; ask MPE for resale or rental flats in this building.
What configurations and carpet areas does Raj Kamal Park offer?
1 BHK – 390 sq ft carpet; 1 BHK – 440 sq ft carpet; 1 BHK – 475 sq ft carpet; 2 BHK – 582 sq ft carpet; 2 BHK – 622 sq ft carpet; 2 BHK – 752 sq ft carpet.
When is possession of Raj Kamal Park?
As per MahaRERA, proposed possession is May 2025, revised to Dec 2023.
Is Raj Kamal Park RERA-registered?
Yes — MahaRERA registration P51900010115, registered 2021-09-09.
How many units does Raj Kamal Park have?
MahaRERA records 162 units across 6 buildings, up to 8 floors.
Who is the developer of Raj Kamal Park?
Rishabh Developers (Prarthana Griha Nirman) — 19 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 Raj Kamal Park?
Worli-Sewri Connector — under construction · due 2026, 0.2 km away; Line 11 Green — approved, 0.5 km away; MTHL / Atal Setu — opened 2024, 1.9 km away; Line 3 Aqua — opened 2025, 2.7 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.
