Vile Parle West · Mumbai
Shagun Residency
Vile Parle West · by Shagun Construction
Updated Oct 2026
🗺 View on map · schools, metro & distancesVile Parle WestPhotos from the project record · tap to enlarge
The story at a glance
At a glance
swipe →- Line 2B Yellow1.3 km
- Versova-Bandra Sea Link2.6 km
- Line 3 Aqua2.9 km
A first look at Shagun Residency
Shagun Residency is a residential project in Vile Parle West, Mumbai 400058. It is registered with MahaRERA under P51800052339 (registered 2023-08-14). The project has 42 units across 1 building of up to 15 floors. It offers 2 & 3 BHK homes with carpet areas of 727–968 sq ft, priced ₹3.35 Cr–₹4.33 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹45,400 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 (5)
Our view on Shagun Residency
Mumbai Property Exchange advisoryShagun Residency by Shagun Construction in Vile Parle West is quoted at about ₹45,400 per sq ft of carpet, with possession per MahaRERA due Sep 2027. That is about 3% below what resale homes in Vile Parle West ask (about ₹47,000).
Who it suits
Buyers who want a new home in Vile Parle West soon — possession is due in Sep 2027.
The price, in context
Among the Vile Parle West new launches in the table below, it is number 4 of 6 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 Sep 2027, the floor and view of the unit, and parking. Our team checks these with the developer for you.
Vile Parle West new launches, by quoted rate
| Project | Rate / sq ft | Possession |
|---|---|---|
| Sudarsan Enclave | ₹49,300 | Apr 2026 |
| Vivan Homes | ₹48,200 | Apr 2027 |
| Shamiana | ₹46,700 | Mar 2027 |
| Shagun Residency | ₹45,400 | Sep 2027 |
| Gautam Dhan | ₹45,000 | Jan 2029 |
| Shriniketan | ₹44,000 | Apr 2027 |
Quoted rates as recorded by Mumbai Property Exchange, Oct 2026; possession dates per MahaRERA where filed. Indicative — confirm with our team.
About Shagun Residency
Location
The project is in Vile Parle West, Mumbai 400058, in the Mumbai Suburban district. Across 38 recent resale listings on MPE, homes in Vile Parle West have a median asking rate of ₹47,000 per sq ft.
MahaRERA record
Shagun Residency is registered with MahaRERA under P51800052339, dated 14 August 2023. The filing lists 1 wing: SHAGUN RESIDENCY with 42 units over 15 floors. According to MahaRERA, the architect on record is ASHISH R SOLANKI and the project escrow account is with Kotak Mahindra Bank Ltd.
Homes and prices
The price list covers 2 BHK of 727 sq ft at ₹3.35 Cr; 3 BHK of 968 sq ft at ₹4.33 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹44,700–₹46,100 per sq ft of carpet, in line with 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 85%, finishing at 52%, services at 45%. Proposed possession is Sep 2027.
Developer track record
Shagun Construction has 10 projects tracked on Mumbai Property Exchange, 7 of them delivered (ready or sold out). Other projects by the same developer include Shagun White Mist, Shagun Hillside.
Buyer demand in Vile Parle West
In the last 90 days, buyers and tenants registered 10 requirements for Vile Parle West with Mumbai Property Exchange, 5 of them to buy and 6 specifically for 2 & 3 BHK homes.
Vile Parle West market
prices, rents & ratesPrice vs locality
Vile Parle West — resale, rent & yield
This project is quoted around ₹45,406/sqft — 3% below resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Vile Parle West
Upcoming projects & infrastructure in Vile Parle West
take an informed decision24 MahaRERA projects are due to hand over in Vile Parle West between 2026 and 2030; the nearest upcoming infrastructure to Shagun Residency is the Versova-Bandra Sea Link, 2.6 km away (under construction · due 2028).
- 🚇Line 2B YellowOpened 20261.3 km
- 🌉Versova-Bandra Sea LinkUnder construction · due 20282.6 km
- 🚇Line 3 AquaOpened 20252.9 km
Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Vile Parle 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 · 1 wing
42 unitsLocation
Neighbourhood around Shagun Residency
Shagun Residency in Vile Parle West is 1.3 km from MIDC metro station, 0.8 km from Vile Parle railway station, 0.3 km from Chatrabhuj Narsee Monjee School and 0.3 km from KLS Memorial Hospital.
- Ⓜ Metro stationMIDC1.3 km
- Ⓜ Metro stationAirport Colony Station1.6 km
- 🚉 Railway stationVile Parle0.8 km
- 🏫 SchoolChatrabhuj Narsee Monjee School0.3 km
- 🏫 SchoolJamnabai Narsee School0.7 km
- 🏥 HospitalKLS Memorial Hospital0.3 km
- 🏥 HospitalKhandwala Eye Hospital and Polyclinic0.3 km
- 🎓 CollegeNarsee Monjee College of Commerce0.3 km
- 🛍 MallTirumala Shopping Center2.8 km
- 🌳 ParkAmeet Satam Garden0.7 km
Straight-line distances from the project; road distance is longer. Places from OpenStreetMap. See them on the map →
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: 3 BHK · 968 sq ft at ₹4.33 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% (₹3.25 Cr here), released stage by stage, so your own money is about ₹1.08 Cr plus stamp duty and GST. Until possession you pay interest only on what the bank has released; after that the full EMI is roughly ₹2.82 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
8Members' 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.
Members only · one-time WhatsApp code · no spam
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 Vile Parle West
4
Flats for Rent in Vile Parle West
3
Commercial for Lease in Vile Parle West
1
Commercial Projects in Vile Parle West
More by Shagun Construction
Compare Shagun Residency with similarly priced projects nearby
MahaRERA projects nearby in Vile Parle West
Frequently Asked Questions
Is Shagun Residency good value compared with other Vile Parle West homes?
It is quoted at about ₹45,400 per sq ft, about 3% below the Vile Parle West resale median of about ₹47,000. Prices are indicative; our team can confirm the latest.
Where is Shagun Residency located?
Shagun Residency is in Vile Parle West, Mumbai 400058.
What is the price of Shagun Residency?
2 & 3 BHK homes are priced ₹3.35 Cr–₹4.33 Cr as on 09 Jul 2026, about ₹45,400 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Shagun Residency offer?
2 BHK – 727 sq ft carpet at ₹3.35 Cr; 3 BHK – 968 sq ft carpet at ₹4.33 Cr.
When is possession of Shagun Residency?
As per MahaRERA, proposed possession is Sep 2027.
Is Shagun Residency RERA-registered?
Yes — MahaRERA registration P51800052339, registered 2023-08-14.
How many units does Shagun Residency have?
MahaRERA records 42 units across 1 building, up to 15 floors.
Who is the developer of Shagun Residency?
Shagun Construction — 10 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Vile Parle West?
24 MahaRERA-registered projects in Vile Parle West are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Shagun Residency?
Line 2B Yellow — opened 2026, 1.3 km away; Versova-Bandra Sea Link — under construction · due 2028, 2.6 km away; Line 3 Aqua — opened 2025, 2.9 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.
How far is Shagun Residency from the nearest metro and railway station?
Shagun Residency is about 1.3 km from MIDC metro station and 0.8 km from Vile Parle railway station (straight-line distance; road distance is longer).
