Shapoorji Pallonji Real Estate's current residential offering in Tardeo, Imperial Tower 3, does not arrive as a new name in the neighbourhood. Imperial Tower 3 stands beside Imperial Heights, the developer's own twin towers at Tardeo. The tower occupies the same address cluster that the group has held in South Mumbai for over a decade: B.B. Nakashe Marg, M.P. Mill Compound, Tardeo, Mumbai, Maharashtra 400034.
The Shapoorji Pallonji Group was founded as a partnership firm, Littlewood Pallonji, in 1865. Its early Mumbai portfolio includes some of the city's civic landmarks: the Hong Kong Bank, Grindlays Bank, Standard Chartered Bank and Reserve Bank of India building, the Bombay Stock Exchange building and Taj Intercontinental. The Mumbai Central Railway station was also built by the group, at a cost of ₹1.6 crore, and the company was commended for completing the work within 21 months. It also built the Brabourne Stadium in Mumbai and the Jawaharlal Nehru Stadium in Delhi. Under the real estate arm, the group has today developed over 13 million sq. ft. of residential and 6 million sq. ft. of commercial properties.
Tardeo is where Shapoorji Pallonji Real Estate made its most visible mark on the Mumbai skyline. The Imperial rose as India's tallest, luxurious residential twin towers, with 60 storeys each, soaring 258 metres high, and remains an iconic structure in the Mumbai skyline, a proud recipient of ten Asia Pacific Property Awards. The project was delivered as a joint venture between the Shapoorji Pallonji Group and the Dilip Thacker Group, designed by architect Hafeez Contractor and positioned on a hill overlooking the Arabian Sea. It was the tallest skyscraper in India from 2010 to 2019, before being overtaken by Lodha Park and later Palais Royale. Imperial Tower 3 continues that lineage on the same land parcel, giving Shapoorji Pallonji Real Estate an uninterrupted presence at this Tardeo address for well over fifteen years, spanning two market cycles in South Mumbai's ultra-luxury segment.
Imperial Tower 3 presents ultra-spacious 4 BHK residences, with carpet areas ranging from approximately 2046 to 2850 sq.ft. The development is planned as a 70-storey tower with only 4 residences per floor, built for exclusivity and privacy. The tower is structured with 13 levels of car parking, a 14th-level E-deck, clubhouse spaces across the 15th to 17th levels, an 18th-level service floor, with the first habitable residences beginning from the 19th floor. Amenities for residents include a fully equipped gym, terrace gardens, a swimming pool, indoor games, and a dedicated badminton court.
| Detail | Information |
|---|---|
| Developer | Shapoorji Pallonji Real Estate |
| Location | B.B. Nakashe Marg, M.P. Mill Compound, Tardeo, Mumbai 400034 |
| Configuration | 4 BHK residences |
| Carpet area | Approx. 2046 to 2850 sq.ft. |
| Tower height | 70 storeys, 4 residences per floor |
| RERA | PR1171012502413 (MahaRERA) |
Tardeo sits in the billionaires' row of South Mumbai, and its value proposition for a Shapoorji Pallonji buyer rests on the same scarcity that has always defined the micro-market. The neighbourhood stands close to Altamount Road, Pedder Road, and Breach Candy, and is well-connected to the commercial hubs of Nariman Point and Cuffe Parade. Tardeo's proximity to key business districts such as Lower Parel, Worli, and Nariman Point ensures continuous demand from professionals and established families. This is also reflected in pricing: luxury properties in Tardeo start from an average price tag of ₹56,200 per sq ft, while the locality has seen a steady appreciation in property values, with an average increase of approximately 13.78% over the last year.
Access into and out of Tardeo is being reshaped by two parallel infrastructure programmes. Tardeo benefits from proximity to the Mumbai Metro Line 3 Aqua Line, with the closest stations at Grant Road (about 2 km), Mumbai Central (about 3 km), and Chhatrapati Shivaji Maharaj Terminus (about 4 km), offering interchange with the Central Line. Separately, the Coastal Road project, with completion expected in phases, is set to reduce travel time to the northern suburbs by up to 60%. For residents of Imperial Tower 3, this compounds an already tight commute: Tardeo is well-connected to business hubs, with Lower Parel, Worli, Nariman Point, and Cuffe Parade reachable within 15-20 minutes.
The immediate neighbourhood carries an institutional weight that is rare even within South Mumbai. St. Xavier's College, P.D. Hinduja Hospital, and Sir H.N. Reliance Foundation Hospital sit within the surrounding radius, alongside landmarks like Marine Drive, Hanging Gardens, and the Race Course and shopping and recreational hubs such as the Palladium and nearby theatres.
Imperial Tower 3 is positioned as a large-format, low-density residence in a locality with structurally limited new supply. With limited availability of large-format luxury residences in this micro-market, projects like Imperial Tower 3 benefit from a strong scarcity factor that supports price appreciation over time. Buyers evaluating the project are typically weighing it against the same address history that produced The Imperial twin towers, rather than against unrelated developments elsewhere in the city, since Shapoorji Pallonji Real Estate's credibility here is tied directly to what it has already built on this stretch of Tardeo.
