Updated Nov 2026
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Sapphire at a glance
Address and what changed, with a date on every line. Last updated 13 Nov 2026.
Key facts
- Address
- Marinagar Road, Mahim, Mumbai 400016
- PIN code
- 400016
- Developer
- HIL group
- Possession
- Dec 2026 (MahaRERA)
- MahaRERA
- P51800031268
Latest on Sapphire
- 13 Nov 2026MahaRERA record re-checked by Mumbai Property Exchange. · MahaRERA
- 09 Jul 2026Prices recorded by our team: 1 BHK of 430 sq ft at ₹1.93 Cr; 1 BHK of 434 sq ft at ₹1.95 Cr; 2 BHK of 661 sq ft at ₹2.98 Cr; 2 BHK of 633 sq ft at ₹2.84 Cr. Indicative, may change 5–10%. · Mumbai Property Exchange
- 15 Oct 2021Sapphire registered with MahaRERA as P51800031268, possession declared Dec 2026. · MahaRERA
New · drive before you visit
Drive to Sapphire from your place
See the road from your home or office, the drive time with Mumbai traffic, what you pass on the way — and the street view at the gate.
Sapphire price check and key numbers
swipe →A first look at Sapphire
Sapphire is a residential project by HIL group on Marinagar Road, Mahim, Mumbai 400016. It is registered with MahaRERA under P51800031268 (registered 2021-10-15). The project has 107 units across 1 building of up to 22 floors. It offers 1 & 2 BHK homes with carpet areas of 430–661 sq ft, priced ₹1.93 Cr–₹2.98 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹45,000 per sq ft. MahaRERA proposed possession: Apr 2027.
Ask an advisor to verify current developer inventory and price.
Sapphire price list
Approximate figures, to help you understand what a home here would cost. Not a quote — the developer confirms the final price.
Some projects run developer payment schemes — such as 20:80 or subvention plans, flexi payment or launch offers — that change what you pay and when. Ask us which schemes apply →
Last price update: 09 Jul 2026. Best efforts are made to keep prices updated, but they are indicative and may change by 5–10%, so please don't rely on them. We can come back to you with the latest price.
Stamp duty, GST and loan figures are estimates for planning, not an offer. All other charges levied by the developer — society formation, share money and membership, legal charges, clubhouse and amenities, advance (ad hoc) maintenance, property taxes and similar — are extra.
Ask for the latest priceAreas filed by the developer in MahaRERA (2)
Sapphire floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
Our view on Sapphire
Mumbai Property Exchange advisorySapphire by HIL group in Mahim is quoted at about ₹44,900 per sq ft of carpet, with possession per MahaRERA due Apr 2027. That is about 25% below what resale homes in Mahim ask (about ₹60,000).
Who it suits
Buyers who want a new home in Mahim soon — possession is due in Apr 2027. A rate below area resale makes it worth a close look.
The price, in context
Among the Mahim new launches in the table below, it is the lowest by quoted rate. New launches usually ask a premium over resale for a new building and amenities; this one asks less than resale, so check why.
What we would check before you commit
The latest price list, the payment plan against possession in Apr 2027, the floor and view of the unit, and parking. Our team checks these with the developer for you.
Mahim new launches, by quoted rate
| Project | Rate / sq ft | Possession |
|---|---|---|
| Manikya | ₹49,300 | Jul 2029 |
| Vivante | ₹48,900 | Aug 2029 |
| Ethics Oliver | ₹47,600 | Apr 2030 |
| Suraj Eterna | ₹47,500 | Apr 2027 |
| ANJ Ananda | ₹45,000 | Apr 2027 |
| Sapphire | ₹44,900 | Apr 2027 |
Quoted rates as recorded by Mumbai Property Exchange, Oct 2026; possession dates per MahaRERA where filed. Indicative — confirm with our team.
About Sapphire
Location
Sapphire is located on Marinagar Road, Mahim (Mumbai 400016), in the Mumbai Suburban district. Across 64 recent resale listings on MPE, homes in Mahim have a median asking rate of ₹47,500 per sq ft, and a 2 BHK typically rents for about ₹1.5 Lakh a month.
MahaRERA record
The MahaRERA registration number is P51800031268, issued on 15 October 2021. The registered promoter is Aakash Realors Private Limited. The filing lists 1 wing: SAPPHIRE over 22 floors. Per the registration, the architect on record is I Badur R Momin and the project escrow account is with Bharat Cooperative Bank Mumbai Ltd.
Homes and prices
Configurations recorded are 1 BHK of 430–434 sq ft at ₹1.93 Cr–₹1.95 Cr; 2 BHK of 633–661 sq ft at ₹2.84 Cr–₹2.98 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹44,900–₹45,100 per sq ft of carpet, 5% below the locality's resale median. Best efforts are made to keep prices updated, but they are indicative and may change by 5–10%, so please don't rely on them.
Construction and possession
The latest MahaRERA progress report shows foundation at 60%, structure at 2%, finishing at 0%, services at 0%. Proposed possession is Apr 2027.
Buyer demand in Mahim
In the last 90 days, buyers and tenants registered 13 requirements for Mahim with Mumbai Property Exchange, 6 of them to buy and 10 specifically for 1 & 2 BHK homes.
Developer's description ▾
Mahim market
prices, rents & ratesMahim — resale, rent & yield
This project is quoted around ₹45,000/sqft — 5% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Upcoming projects & infrastructure in Mahim
take an informed decision29 MahaRERA projects are due to hand over in Mahim between 2026 and 2030.
Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Mahim, 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.
Sapphire MahaRERA number and possession date
Sapphire towers and phases
1 wingSapphire address and location
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 · 633 sq ft at ₹2.84 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% (₹2.13 Cr here), released stage by stage, so your own money is about ₹71.0 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 ₹1.85 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 declared to MahaRERA
9+1 more ▾
Members' lens
The developer's full amenity list, views and home features
From the builder's brochure and the homes we have listed here. The list above is what was declared to MahaRERA.
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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 Mahim
4
Flats for Rent in Mahim
4
Commercial for Sale in Mahim
1
Commercial Projects in Mahim
Compare Sapphire with similarly priced projects nearby
MahaRERA projects nearby in Mahim
Frequently Asked Questions
Is Sapphire good value compared with other Mahim homes?
It is quoted at about ₹44,900 per sq ft, about 25% below the Mahim resale median of about ₹60,000. Prices are indicative; our team can confirm the latest.
Where is Sapphire located?
Sapphire is on Marinagar Road, Mahim, Mumbai 400016.
What is the price of Sapphire?
1 & 2 BHK homes are priced ₹1.93 Cr–₹2.98 Cr as on 09 Jul 2026, about ₹45,000 per sq ft. Best efforts are made to keep prices updated, but they are indicative and may change by 5–10%, so please don't rely on them.
What configurations and carpet areas does Sapphire offer?
1 BHK – 430 sq ft carpet at ₹1.93 Cr; 1 BHK – 434 sq ft carpet at ₹1.95 Cr; 2 BHK – 633 sq ft carpet at ₹2.84 Cr; 2 BHK – 661 sq ft carpet at ₹2.98 Cr.
When is possession of Sapphire?
As per MahaRERA, proposed possession is Apr 2027.
Is Sapphire RERA-registered?
Yes — MahaRERA registration P51800031268, registered 2021-10-15.
How many units does Sapphire have?
MahaRERA records 107 units across 1 building, up to 22 floors.
Who is the developer of Sapphire?
HIL group (Aakash Realors Private Limited) — 1 project tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Mahim?
29 MahaRERA-registered projects in Mahim are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines 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.
