Borivali West · Mumbai
Rashmi Square
Borivali West · by Modis Navnirman
Updated Oct 2026
Borivali WestPhotos from the project record · tap to enlarge
At a glance
swipe →- Borivali-Thane Tunnel2.0 km
- Line 9 Red (Mira-Bhayandar)3.5 km
A first look at Rashmi Square
Rashmi Square is a residential project by Modis Navnirman in Borivali West, Mumbai 400091. It is registered with MahaRERA under P51800054722 (registered 2024-04-03). The project has 142 units across 2 buildings of up to 21 floors. It offers 2 & 3 BHK homes with carpet areas of 648–774 sq ft, priced ₹2.05 Cr–₹2.45 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹31,600 per sq ft. MahaRERA proposed possession: Sep 2027.
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 WhatsAppUnit configurations filed with MahaRERA (7)
About Rashmi Square
Location
The project is in Borivali West, Mumbai 400091, in the Mumbai Suburban district. Across 107 recent resale listings on MPE, homes in Borivali West have a median asking rate of ₹34,300 per sq ft.
MahaRERA record
Rashmi Square is registered with MahaRERA under P51800054722, dated 3 April 2024. The registered promoter is Modi's Navnirman Limited. The filing lists 2 wings: A WING with 77 units over 21 floors; B WING with 65 units over 21 floors. According to MahaRERA, the architect on record is SANJAY B SHAH and the project escrow account is with Kotak Mahindra Bank Ltd.
Homes and prices
Homes on offer are 2 BHK of 648–699 sq ft at ₹2.05 Cr–₹2.21 Cr; 3 BHK of 774 sq ft at ₹2.45 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹31,600–₹31,700 per sq ft of carpet, 8% 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 80%, structure at 90%, finishing at 50%, services at 82%. Proposed possession is Sep 2027.
Developer track record
Modis Navnirman has 4 projects tracked on Mumbai Property Exchange.
Buyer demand in Borivali West
In the last 90 days, buyers and tenants registered 55 requirements for Borivali West with Mumbai Property Exchange, 24 of them to buy and 21 specifically for 2 & 3 BHK homes.
Borivali West market
prices, rents & ratesPrice vs locality
Borivali West — resale, rent & yield
This project is quoted around ₹31,635/sqft — 8% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Borivali West
Upcoming projects & infrastructure in Borivali West
take an informed decision168 MahaRERA projects are due to hand over in Borivali West between 2026 and 2030; the nearest upcoming infrastructure to Rashmi Square is the Borivali-Thane Tunnel, 2.0 km away (under construction · due 2028).
- 🚇Borivali-Thane TunnelUnder construction · due 20282.0 km
- 🚇Line 9 Red (Mira-Bhayandar)Opened 20263.5 km
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
Buildings · 2 wings
142 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: 2 BHK · 699 sq ft at ₹2.21 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% (₹1.66 Cr here), released stage by stage, so your own money is about ₹55.2 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 ₹1.44 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
22+14 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 Borivali West
3
Flats for Rent in Borivali West
2
Commercial for Sale in Borivali West
1
Commercial for Lease in Borivali West
1
Commercial Projects in Borivali West
Compare Rashmi Square with similarly priced projects nearby
MahaRERA projects nearby in Borivali West
Frequently Asked Questions
Where is Rashmi Square located?
Rashmi Square is in Borivali West, Mumbai 400091.
What is the price of Rashmi Square?
2 & 3 BHK homes are priced ₹2.05 Cr–₹2.45 Cr as on 09 Jul 2026, about ₹31,600 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Rashmi Square offer?
2 BHK – 648 sq ft carpet at ₹2.05 Cr; 2 BHK – 699 sq ft carpet at ₹2.21 Cr; 3 BHK – 774 sq ft carpet at ₹2.45 Cr.
When is possession of Rashmi Square?
As per MahaRERA, proposed possession is Sep 2027.
Is Rashmi Square RERA-registered?
Yes — MahaRERA registration P51800054722, registered 2024-04-03.
How many units does Rashmi Square have?
MahaRERA records 142 units across 21 buildings, up to 21 floors.
Who is the developer of Rashmi Square?
Modis Navnirman — 4 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Borivali West?
168 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 Rashmi Square?
Borivali-Thane Tunnel — under construction · due 2028, 2.0 km away; Line 9 Red (Mira-Bhayandar) — opened 2026, 3.5 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.
