Archive · 7 Sep 2026
Sayaji Realty Acquires Vile Parle Project for Luxury Redevelopment
Sayaji Realty plans to rebuild a property called Prabhavati Niwas in Vile Parle East, Mumbai.
The new building will have 15 large homes.
Each home will have three bedrooms and spacious areas.
The building will be designed to feel more like a private villa than a typical apartment tower.
It will include high ceilings, balconies, a gym and landscaped spaces.
The project is aimed at families and business communities connected to the neighbourhood.
The company has received one important planning approval and is waiting for another construction approval.
Building is expected to start in September 2026, with homes planned for handover in June 2028.
Sayaji Realty has acquired Prabhavati Niwas on Park Road in Vile Parle East for redevelopment.
The planned project will feature 15 three-bedroom residences in a single G+8-storey tower.
Homes will range from approximately 1,066 to 1,326 square feet of carpet area and include 12.75-foot ceilings.
The project has received its Intimation of Disapproval, while its Commencement Certificate application is awaiting approval.
Construction is expected to begin in September 2026, with sales planned for October 2026 and possession targeted for June 2028.
- Who
- Sayaji Realty, led by Managing Director Zuber Dhanani, is developing the project.
- What
- The company has acquired Prabhavati Niwas for redevelopment into a 15-residence luxury apartment project.
- When
- The Development Agreement was signed in April 2026; construction is expected in September 2026, with possession targeted for June 2028.
- Where
- Park Road in Vile Parle East, Mumbai, Maharashtra, India.
- Why
- The acquisition supports Sayaji Realty’s strategy of pursuing selective redevelopment opportunities in established Mumbai neighbourhoods.
- Developer
- Sayaji Realty
- Project
- Prabhavati Niwas redevelopment
- Location
- Park Road, Vile Parle East, Mumbai
- Planned homes
- 15 three-bedroom residences
- Building format
- One G+8-storey tower with two residences per floor
- Home sizes
- Approximately 1,066 to 1,326 square feet of carpet area
- Timeline
- Construction expected September 2026; launch planned October 2026; possession targeted June 2028