SHAPOORJI PALLONJI NOVO — New Project Coming Up in Mulund West, Mumbai

Shapoorji Pallonji Novo: New Residential Launch in Mulund West

Shapoorji Pallonji Novo is an upcoming residential project spanning 3 acres with a single tower of G+54 floors. The project features 2 BHK and 3 BHK residences.

Project Overview

The development has been designed by an international architect from Singapore. The project includes amenities such as an amphitheatre, squash court, indoor games zone, basketball court, terraced swimming pool, kids playing zone, night view walkways and jogging tracks, along with a party hall and clubhouse, and 24/7 security with sensor systems.

Developer Footprint and Track Record

Shapoorji Pallonji Real Estate commenced operations in 1970, bringing over five decades of experience to the residential real estate sector. The company has delivered 84 projects and initiated 60 new projects, with a presence across multiple major cities in India.

Location and Connectivity

Mulund West, located in the northeastern part of Mumbai, has emerged as a significant residential destination. Mulund is regarded as one of Mumbai's well-planned areas, offering first-rate connectivity, strong social infrastructure, and essential amenities. The Mulund Railway Station is on the Central Line, with Thane located 3.4 km away and Bhandup 3.7 km away.

The Novo project is well linked to the city's arterial roads, business districts, and public transport nodes. This will be further enhanced by the launch of the Metro Line 4 corridor and the forthcoming Goregaon-Mulund Link Road.

Regulatory Registration

The project holds MahaRERA Registration Nos. P51800011870 and P51800012383.

Market Context

Mulund West currently has 37 or more RERA-registered projects active, reflecting strong builder confidence in this micro-market. Average real estate costs in Mulund West are approximately Rs 26,750 per square foot, with apartments ranging from Rs 80 lakh to Rs 1.12 crore for 1 BHK, Rs 1.49 crore to Rs 2.15 crore for 2 BHK, and Rs 2.4 crore to Rs 3.4 crore for 3 BHK units.