Mahim · Mumbai
Sapphire
Marinagar Road, Mahim · by HIL group (Aakash Realors Private Limited)
Updated Oct 2026
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The story at a glance
At a glance
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 ₹44,900 per sq ft. MahaRERA proposed possession: Apr 2027.
Review mapped resale, rental or ready inventory and reconfirm availability.
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 (2)
Sapphire floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
About Sapphire
Location
Sapphire is located on Marinagar Road, Mahim (Mumbai 400016), in the Mumbai Suburban district. Across 37 recent resale listings on MPE, homes in Mahim have a median asking rate of ₹60,000 per sq ft, and a 2 BHK typically rents for about ₹1.5 Lac 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, 25% 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 60%, structure at 2%, finishing at 0%, services at 0%. Proposed possession is Apr 2027.
Developer track record
HIL group has 25 projects tracked on Mumbai Property Exchange, 22 of them delivered (ready or sold out).
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 9 specifically for 1 & 2 BHK homes.
Developer's description ▾
Mahim market
prices, rents & ratesMahim — resale, rent & yield
This project is quoted around ₹44,907/sqft — 25% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Upcoming projects & infrastructure in Mahim
take an informed decision27 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.
RERA record & possession
Buildings · 1 wing
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
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Talk to our MahaRERA advisor
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💬 Ask about resale or rental optionsResale Flats for Sale in Mahim
4
Flats for Rent in Mahim
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Compare Sapphire with similarly priced projects nearby
MahaRERA projects nearby in Mahim
Frequently Asked Questions
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 ₹44,900 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
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 9 buildings, up to 22 floors.
Who is the developer of Sapphire?
HIL group (Aakash Realors Private Limited) — 25 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Mahim?
27 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.
