Lifecycle requires verificationMahaRERA P51800006372

Powai · Mumbai

Sapphire I

Powai · by Shree Sai Group Of Companies (Itmc Developers Pvt. Ltd.)

Updated Oct 2026

Sapphire IProject photos will appear here when available.

Units

2023

Possession

Buildings

Certificate Signed

Status

A first look at Sapphire I

Sapphire I is a residential project by Shree Sai Group Of Companies in Powai, Mumbai 400083. It is registered with MahaRERA under P51800006372 (registered 2017-08-14). The project has 82 units across 1 building of up to 24 floors. It offers 2 BHK homes. The quoted rate is about ₹15,000 per sq ft. MahaRERA proposed possession: Dec 2023, revised to Mar 2019.

Lifecycle requires verification.

Ask an advisor to verify the current project and inventory status.

Unit Configurations (per MahaRERA)

ConfigurationCarpetIndicative Price

2 BHK803 ft²₹1.2 Cr

Office588–1,465 ft²₹88 L–₹2.2 Cr

Shop263–1,622 ft²₹39 L–₹2.43 Cr

Configurations & carpet per MahaRERA filing · indicative price = locality rate × carpet (not the developer's quote).

💬 Verify current inventory with an advisor

About Sapphire I

Location

Sapphire I is located in Powai, Mumbai 400083, in the Mumbai Suburban district. Across 808 recent resale listings on MPE, homes in Powai have a median asking rate of ₹41,500 per sq ft, and a 2 BHK typically rents for about ₹1.2 Lac a month.

MahaRERA record

The MahaRERA registration number is P51800006372, issued on 14 August 2017. The registered promoter is Itmc Developers Pvt. Ltd.. The filing lists 1 wing: Sapphire I over 24 floors. Per the registration, the architect on record is Ellora Project Consultants Pvt Ltd and the project escrow account is with HDFC Bank.

Construction and possession

The latest MahaRERA progress report shows foundation at 70%, structure at 45%, finishing at 10%, services at 10%. Proposed possession is Dec 2023, revised to Mar 2019.

Developer track record

Shree Sai Group Of Companies has 270 projects tracked on Mumbai Property Exchange, 235 of them delivered (ready or sold out).

Buyer demand in Powai

In the last 90 days, buyers and tenants registered 39 requirements for Powai with Mumbai Property Exchange, 18 of them to buy and 5 specifically for 2 BHK homes.

Powai market

prices, rents & rates

Price vs locality

₹15,000

/sqft · Powai rate-band mid-point ₹55,000

73% below mid-point

Powai — resale, rent & yield

Resale

₹41,500/sqft

median · 808 listings

Rent

₹158.0/sqft/mo

2 BHK ~₹120,000/mo

Gross yield

4.6%/yr

rent vs resale value

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

Property rates in Powai

Residential · Sale

₹40,000–70,000/sqft

Commercial · Sale

₹40,000–60,000/sqft

2 BHK · Rent

₹70,000–155,000/mo

Full rates

Property Rates ▸

Upcoming projects & infrastructure in Powai

take an informed decision

38 MahaRERA projects are due to hand over in Powai between 2026 and 2030; the nearest upcoming infrastructure to Sapphire I is the Line 6 Pink, 1.7 km away (under construction · due 2027).

MahaRERA projects handing over in the next 5 years

in Powai

₹42,500/sqft

typical asking price

steady this quarter

₹19,900/sqft

ready reckoner rate (government)

2025-26 · stamp duty is charged on the higher of this and the deal value

New projects in Powai by possession year

2026

2027

2028

2029

2030

Supply is not evenly spread — one year carries about a third of it.

Metro & infrastructure near Sapphire I

🚇Line 6 PinkUnder construction · due 20271.7 km
🚇Line 14 (Kanjurmarg-Badlapur/Ambernath)Approved1.9 km
🚇Line 4 GreenUnder construction · due 20272.0 km

📜 9,153 registered transactions (IGR) on record in Powai. Fresh registration data can be procured, subject to our discussion and engagement. Take an informed approach — know the right value, don't just get swayed by the marketing guys!

Ask for registered transactions ›

Questions about Powai prices?

Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Powai, then an advisor calls about your budget and configuration.

💬 Ask about Powai prices on WhatsApp 📞 Talk to us

Prices and timelines are indicative and subject to change. See the disclaimer at the foot of this page.

RERA record & possession

Possession (proposed)

Dec 2023

Possession (revised)

Mar 2019

MahaRERA No.

P51800006372

Data last updated

Oct 2026

Registered

2017-08-14

Escrow Bank

HDFC BANK

Architect

Ellora Project Consultants Pvt Ltd

Total FSI

5,723

Buildings · 1 wing

Sapphire I · 24 fl · — u

Location

📍 Sapphire I, Powai

Map data © OpenStreetMap contributors · location indicativeOpen larger map ›

Construction progress

per MahaRERA

34%average

Foundation70%

Structure45%

Finishing10%

Services10%

See all 11 stages ▾

Excavation100%

Basement (if any)75%

Plinth75%

Stilt Floor70%

Slabs of Super Structure45%

Podiums (if any)30%

Staircases, Lifts Wells and Lobbies at each Floor level Overhead and …20%

External plumbing and external plaster, elevation, completion of terr…15%

Internal walls, Intemal Plaster, Floorings, Floors and windows within…15%

Installation of Lifts, water pumps, Fire Fighting Fittings and Equipm…0%

Sanitary Fittings within the flats / premises0%

Amenities

Aggregate area of recreational Open SpaceElectrical meter room, sub-station, r…Fire protection and fire safety requi…Internal Roads & FootpathsLandscaping & Tree PlantingSewerage (Chamber, Lines, Septic Tank…Solid Waste Management And DisposalStorm Water Drains

+3 more ▾

Treatment And Disposal Of Sewage And …Water SupplyWater conservation /Rain water harvesting

Next steps — clarity before you step out

💬 Get prices & options on WhatsAppTell us what you need — we show the right units, prices and alternativesChat on WhatsApp →📅 Book a site visitPick a day — an MPE advisor accompanies youChat on WhatsApp →🎥 Book a video walkthroughThe developer's sales team walks you through it live, hosted by an MPE advisorChat on WhatsApp →

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.

Frequently Asked Questions

Where is Sapphire I located?

Sapphire I is in Powai, Mumbai 400083.

When is possession of Sapphire I?

As per MahaRERA, proposed possession is Dec 2023, revised to Mar 2019.

Is Sapphire I RERA-registered?

Yes — MahaRERA registration P51800006372, registered 2017-08-14.

How many units does Sapphire I have?

MahaRERA records 82 units across 5 buildings, up to 24 floors.

Who is the developer of Sapphire I?

Shree Sai Group Of Companies (Itmc Developers Pvt. Ltd.) — 270 projects tracked on Mumbai Property Exchange. View their track record ▸

How many new projects are coming up in Powai?

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

What metro and infrastructure is near Sapphire I?

Line 6 Pink — under construction · due 2027, 1.7 km away; Line 14 (Kanjurmarg-Badlapur/Ambernath) — approved, 1.9 km away; Line 4 Green — under construction · due 2027, 2.0 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.

A first look at Sapphire I

Unit Configurations (per MahaRERA)

About Sapphire I

Location

MahaRERA record

Construction and possession

Developer track record

Buyer demand in Powai

Powai market

Price vs locality

Powai — resale, rent & yield

Property rates in Powai

Upcoming projects & infrastructure in Powai

RERA record & possession

Buildings · 1 wing

Location

Construction progress

Amenities

Next steps — clarity before you step out

Resale Flats for Sale in Powai

Flats for Rent in Powai

Commercial for Sale in Powai

Commercial for Lease in Powai

MahaRERA projects nearby in Powai

Frequently Asked Questions

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