Lower Parel · Mumbai
The Grand
Off Pandurang Budhkar Marg, Lower Parel · by Bhojwani Builders
Registered project name
The Grand Tower No 1Updated Oct 2026
Lower ParelPhotos from the project record · tap to enlarge
A first look at The Grand
In short
- Price: ₹24 Cr–₹48 Cr, as on 12 Oct 2026
- Configurations: 4 & 5 BHK — 4 BHK – 3,000 sq ft carpet; 5 BHK – 6,000 sq ft carpet
- Possession: May 2028
- MahaRERA: P51900076793
- Under construction, RERA possession May 2028.
The Grand is a residential project by Bhojwani Builders on Off Pandurang Budhkar Marg, Lower Parel, Mumbai 400013. It is registered with MahaRERA under P51900076793 (registered 2024-07-01). The project has 103 units across 2 buildings of up to 50 floors. It offers 4 & 5 BHK homes with carpet areas of 3,000–6,000 sq ft, priced ₹24 Cr–₹48 Cr as on 12 Oct 2026 (indicative). MahaRERA proposed possession: May 2028.
Ask an advisor to verify current developer inventory and price.
Availability & Pricing
Prices as on 12 Oct 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)
About The Grand
Location
The Grand stands on Off Pandurang Budhkar Marg in Lower Parel, Mumbai 400013, in the Mumbai City district. Across 397 recent resale listings on MPE, homes in Lower Parel have a median asking rate of ₹63,600 per sq ft, and a 2 BHK typically rents for about ₹1.45 Lac a month.
MahaRERA record
The MahaRERA registration number is P51900076793, issued on 1 July 2024. The registered promoter is Samir Narain Bhojwani. The filing lists 2 wings: A WING with 51 units over 50 floors; BUILDING NO 1- B WING with 52 units over 50 floors. Per the registration, the architect on record is Meherdad Dastur and the project escrow account is with Union Bank Of India.
Homes and prices
Homes on offer are 4 BHK of 3,000 sq ft at ₹24 Cr; 5 BHK of 6,000 sq ft at ₹48 Cr; 4BHK; 5BHK (carpet area), as on 12 Oct 2026. That works out to about ₹80,000 per sq ft of carpet, 26% above 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 93%, structure at 91%, finishing at 0%, services at 46%. Proposed possession is May 2028.
Buyer demand in Lower Parel
In the last 90 days, buyers and tenants registered 32 requirements for Lower Parel with Mumbai Property Exchange, 11 of them to buy.
Lower Parel market
prices, rents & ratesLower Parel — resale, rent & yield
From MPE live listings, last 18 months · Mumbai price index ›
Property rates in Lower Parel
Upcoming projects & infrastructure in Lower Parel
take an informed decision6 MahaRERA projects are due to hand over in Lower Parel between 2027 and 2031.
Supply is not evenly spread — one year carries almost half of it.
Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Lower Parel, 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 · 2 wings
103 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: 5 BHK · 6000 sq ft at ₹48.00 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% (₹36.00 Cr here), released stage by stage, so your own money is about ₹12.00 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 ₹31.24 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
11+3 more ▾
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.
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Commercial for Sale in Lower Parel
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Commercial for Lease in Lower Parel
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Frequently Asked Questions
Where is The Grand located?
The Grand is on Off Pandurang Budhkar Marg, Lower Parel, Mumbai 400013.
What is the price of The Grand?
4 & 5 BHK homes are priced ₹24 Cr–₹48 Cr as on 12 Oct 2026. Prices are indicative and subject to reconfirmation with the developer.
What configurations and carpet areas does The Grand offer?
4 BHK – 3,000 sq ft carpet at ₹24 Cr; 5 BHK – 6,000 sq ft carpet at ₹48 Cr; 4BHK; 5BHK.
When is possession of The Grand?
As per MahaRERA, proposed possession is May 2028.
Is The Grand RERA-registered?
Yes — MahaRERA registration P51900076793, registered 2024-07-01.
How many units does The Grand have?
MahaRERA records 103 units, up to 50 floors.
Who is the developer of The Grand?
Bhojwani Builders — 1 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Lower Parel?
6 MahaRERA-registered projects in Lower Parel are due for possession between 2027 and 2031, 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.
