Borivali West · 09 Nov 2026
Rishabraj Anuja: ₹27,600 a sq ft launch against ₹33,434 resale in Borivali West
The launch is priced 17% under resale in Borivali West; 16,092 new homes are due there by 2032; 59 people asked us for a home there in 90 days.
Developer imageH. Rishabraj Builders and Developers in Borivali West
Rishabraj Anuja is under construction, with possession 2028-06-01. It is one of 67 new projects on our books in Borivali West, where launches ask a median ₹33,517 a sq ft.
Time to pay in stages
An under-construction home is paid for against construction milestones, so most of the money goes in later. Once ready, a flat here would rent for about 3.5% a year of its launch price, going by today's rents.
Priced 17% under resale
The launch rate is below the suburb's resale median. Check what the gap is about: location within the suburb, size, or timing.
The story
Rishabraj Anuja is H. Rishabraj Builders and Developers's project in Borivali West, on our books at an indicative ₹27,600 a sq ft of carpet. Flats already standing in Borivali West ask a median ₹33,434 a sq ft, across 168 resale listings with us in the last four months. A quarter earlier the median was ₹33,333.
So the launch is priced below resale in the suburb. That can reflect the micro-location, the size of the homes, or an early-launch price.
Supply: how many homes are coming to Borivali West
MahaRERA filings show 16,092 new homes in Borivali West due for possession by 2032, across 211 registered projects. The peak year is 2029, with 4,286 homes.
Source: MahaRERA project filings, latest declared possession date, Borivali West. Read 09 Nov 2026.
Demand: who is asking
In the last 90 days, 59 people came to Mumbai Property Exchange looking for a home in Borivali West. 31 of them want to buy, and 16 want 3 BHK or larger. Set against 16,092 homes due over the coming years, that is the demand one firm sees; the market as a whole is larger.
Rent: what it earns
Borivali West homes listed for rent with us in the last 12 months asked a median ₹81 per sq ft of carpet a month, across 19 listings. At the resale median that is a gross yield of about 2.9% a year, before maintenance, property tax and vacancy. At the launch rate it is about 3.5%.
Where it sits among Borivali West launches
| Project | Developer | ₹ / sq ft* | Possession |
|---|---|---|---|
| Shraddha Paradise | Shraddha Prime Project Pvt Ltd | 28,932 | Dec 2028 |
| Rishabraj Astral | H. Rishabraj Builders and Developers | 27,945 | 2026 |
| Romell Ariana | Romell Group | 27,850 | Dec 2028 |
| Rishabraj Anuja | H. Rishabraj Builders and Developers | 27,600 | 2028-06-01 |
| Saffron Peace | H. Rishabraj Builders and Developers | 27,300 | Dec 2026 |
| Empire Meghna | Piramal Realty | 27,000 | Dec 2027 |
| Resale median | — | 33,434 | Ready |
*Indicative rates on Mumbai Property Exchange, may change 5–10%. Plus GST, stamp duty and registration.
Getting there
- Borivali-Thane Tunnel: 1.8 km away · Under construction · due 2028
Straight-line distance from the project's map point.
Rishabraj Anuja, as the developer shows it
These images come from H. Rishabraj Builders and Developers. Our own photos and films from the site will replace them after our visit.
Every launch has a brochure. We read the market around it.
The Real Launch Story is Sandeep Sadh's record of Mumbai's new launches. Each story sets the launch price against flats already for sale in the suburb, counts the homes MahaRERA says are coming, shows who is asking us for homes there and what they rent for. It is kept apart from our listings, and it is updated as the numbers move.
Resale, rents, demand, the MahaRERA pipeline and infrastructure, read from our data.
Our team walks the site, the sample flat and the street, and films on a phone.
Photos and films go up from the myipl app, dated and tagged to the project.
Sandeep adds his own take. The quoted take appears only when he has written it.
The story and its films go to WhatsApp, Instagram, LinkedIn and our press list.
- The MahaRERA registration of the exact phase and tower you buy in.
- The carpet area on the cost sheet against the MahaRERA filing.
- Whether the price is all-in or plus GST, stamp duty, registration and floor rise.
- The possession date written in the agreement, not only the brochure.
- How much is due before the agreement is registered.
- Whether any offer has a written end date.
Send it to someone looking in Borivali West
Figures as read on 09 Nov 2026. Our launch rates are indicative and may change 5–10%. Resale rates and rents are medians of asking figures on Mumbai Property Exchange, not registered transactions. Confirm every figure with the developer and on MahaRERA before deciding. This is not an advertisement by the developer.
Talk to Sandeep
Journalists, investors and NRIs can reach Sandeep Sadh about this story or Mumbai's launch market. The data behind every chart is available on request.
