Kurla · Mumbai
Shiv Vaibhav
Kurla · by Parsn Foundation & Engg. Corp
Registered project name
Nehru Nagar Shiv Vaibhav Chs Ltd Bldg No 38Updated Sep 2026
KurlaPhotos from the project record · tap to enlarge
A first look at Shiv Vaibhav
Shiv Vaibhav is a residential project by Parsn Foundation & Engg. Corp in Kurla, Mumbai 400024. It is registered with MahaRERA under P51800032409 (registered 2024-05-29). The project has 143 units across 1 building of up to 19 floors. It offers 1 & 2 BHK homes with carpet areas of 260–639 sq ft, priced ₹62.17 Lac–₹1.57 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹24,200 per sq ft. MahaRERA proposed possession: Apr 2027.
Review mapped resale, rental or ready inventory and reconfirm availability.
Other wings & phases: Nehru Nagar Panchratna Chs Ltd, Bldg. No.5 · Nehru Nagar Sharada Chs Ltd Bldg No. 62
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 (3)
Shiv Vaibhav floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
About Shiv Vaibhav
Location
The project is in Kurla, Mumbai 400024, in the Mumbai Suburban district. Across 14 recent resale listings on MPE, homes in Kurla have a median asking rate of ₹24,238 per sq ft, and a 2 BHK typically rents for about ₹75,000 a month.
MahaRERA record
Shiv Vaibhav is registered with MahaRERA under P51800032409, dated 29 May 2024. The registered promoter is Parsn Construction And Developers Private Limited. The filing lists 1 wing: NEHRU NAGAR MHADA LAYOUT BLDG. NO. 38 with 143 units over 19 floors. According to MahaRERA, the architect on record is INNOVATIONS and the project escrow account is with HDFC Bank.
Homes and prices
The price list covers 1 BHK of 260–460 sq ft at ₹62.17 Lac–₹1.1 Cr; 2 BHK of 627–639 sq ft at ₹1.54 Cr–₹1.57 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹23,900–₹24,600 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 100%, structure at 100%, finishing at 63%, services at 60%. Proposed possession is Apr 2027.
Developer track record
Parsn Foundation & Engg. Corp has 3 projects tracked on Mumbai Property Exchange, 3 of them delivered (ready or sold out). Other projects by the same developer include Pancharatna.
Buyer demand in Kurla
In the last 90 days, buyers and tenants registered 44 requirements for Kurla with Mumbai Property Exchange, 11 of them to buy and 15 specifically for 1 & 2 BHK homes.
Developer's description ▾
Kurla market
prices, rents & ratesPrice vs locality
Kurla — resale, rent & yield
This project is quoted around ₹24,237/sqft — in line with resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Kurla
Upcoming projects & infrastructure in Kurla
take an informed decision3 MahaRERA projects are due to hand over in Kurla between 2027 and 2031; the nearest upcoming infrastructure to Shiv Vaibhav is the Line 4 Green, 1.5 km away (under construction · due 2027).
Supply is not evenly spread — one year carries almost half of it.
- 🚇Line 2B YellowOpened 20260.7 km
- 🚇Line 4 GreenUnder construction · due 20271.5 km
- 🚇Line 3 AquaOpened 20251.7 km
- 🚄Mumbai-Ahmedabad Bullet TrainUnder construction · due 20291.7 km
🔒 Units handing over each year · price by BHK · years to absorb supply · competing projects · infra impact on prices
Prices and timelines are indicative and subject to change. See the disclaimer at the foot of this page.
RERA record & possession
Buildings · 1 wing
143 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 · 627 sq ft at ₹1.54 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% (₹1.16 Cr here), released stage by stage, so your own money is about ₹38.5 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 ₹1.00 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
7Talk to our MahaRERA advisor
Tell our MahaRERA advisor what you need and they'll guide you on this project.
💬 Ask about resale or rental optionsResale Flats for Sale in Kurla
3
Flats for Rent in Kurla
4
Commercial for Sale in Kurla
3
Commercial for Lease in Kurla
1
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Frequently Asked Questions
Where is Shiv Vaibhav located?
Shiv Vaibhav is in Kurla, Mumbai 400024.
What is the price of Shiv Vaibhav?
1 & 2 BHK homes are priced ₹62.17 Lac–₹1.57 Cr as on 09 Jul 2026, about ₹24,200 per sq ft. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does Shiv Vaibhav offer?
1 BHK – 260 sq ft carpet at ₹62.17 Lac; 1 BHK – 460 sq ft carpet at ₹1.1 Cr; 2 BHK – 627 sq ft carpet at ₹1.54 Cr; 2 BHK – 639 sq ft carpet at ₹1.57 Cr.
When is possession of Shiv Vaibhav?
As per MahaRERA, proposed possession is Apr 2027.
Is Shiv Vaibhav RERA-registered?
Yes — MahaRERA registration P51800032409, registered 2024-05-29.
How many units does Shiv Vaibhav have?
MahaRERA records 143 units across 15 buildings, up to 19 floors.
Who is the developer of Shiv Vaibhav?
Parsn Foundation & Engg. Corp — 3 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Kurla?
3 MahaRERA-registered projects in Kurla are due for possession between 2027 and 2031, as per MahaRERA registrations. Timelines can change.
What metro and infrastructure is near Shiv Vaibhav?
Line 2B Yellow — opened 2026, 0.7 km away; Line 4 Green — under construction · due 2027, 1.5 km away; Line 3 Aqua — opened 2025, 1.7 km away; Mumbai-Ahmedabad Bullet Train — under construction · due 2029, 1.7 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.
