Arihant TowersSold Out in Lower Parel
📍 N.M Joshi Marg, Opp. Jain Derasar, Adarsh Nagar, Lower Parel · by MJ Shah Group
Arihant Towers is a sold out residential project by MJ Shah Group at N.M Joshi Marg, Opp. Jain Derasar, Adarsh Nagar, Lower Parel. The configurations on record are 2 & 3 BHK of 805, 823 and 1,215 sq ft carpet. This page is Real Estate Mumbai's read on Arihant Towers against the resale and rental market in Lower Parel — what a flat here rents for, what the resale market asks, and where prices are moving.
Real Estate Mumbai · MahaRERA agent A51800043517 · since 1995
What a flat in Arihant Towers would rent for
Lower Parel has 78 live 2 BHK rentals on Real Estate Mumbai today, at a median of ₹1.6 L a month — about ₹201 per sq ft of carpet a month (middle half ₹184–₹250).
At today's rates that makes a 805 sq ft 2 BHK roughly ₹1.62 L a month, a 823 sq ft 2 BHK roughly ₹1.65 L a month and a 1,215 sq ft 3 BHK roughly ₹3.18 L a month.
At ₹45,556 per sq ft, that is a gross rental yield of about 5.3% to 6.9% — before maintenance, tax and vacancy. Premium Mumbai homes are bought for capital growth more than yield; treat the rent as the floor under your holding cost, not the return.
| Configuration | Carpet | Lower Parel rent today | Estimated rent | Gross yield |
|---|---|---|---|---|
| 2 BHK | 805 sq ft | ₹201/sq ft/mo (78 live) | ≈ ₹1.62 L/mo | ~5.3% |
| 2 BHK | 823 sq ft | ₹201/sq ft/mo (78 live) | ≈ ₹1.65 L/mo | ~5.3% |
| 3 BHK | 1,215 sq ft | ₹262/sq ft/mo (209 live) | ≈ ₹3.18 L/mo | ~6.9% |
Estimate = carpet area × the live median rent per sq ft for that configuration in Lower Parel on Real Estate Mumbai. Indicative; a new building with sea views can command more.
The resale market Arihant Towers competes with
52 2 BHK resale homes are on the market in Lower Parel right now, median ₹4.11 Cr at ₹57,308 per sq ft; the middle half asks ₹47,245–₹61,111. Listings are on average 32 days old.
Arihant Towers prices at ₹45,556 per sq ft — 21% below the resale median and below most of the resale market. That premium buys a new building, new specification and a longer remaining life; the resale market buys location now, at a discount, ready to live in.
For scale, 4 BHK resale in Lower Parel asks a median ₹67,391 per sq ft (127 live).
Where Lower Parel prices are moving
Real Estate Mumbai's Lower Parel price index reads 107.8 for Sep 2026 (base 100), a median asking ₹58,989 per sq ft across 458 listings, up 0.7% on the month. By configuration: 1 BHK ₹44,217, 2 BHK ₹55,924, 3 BHK ₹66,553, 4 BHK+ ₹69,262 per sq ft.
| Month | Median asking ₹/sq ft | Index | m/m | Listings |
|---|---|---|---|---|
| Sep 2026 | ₹58,989 | 107.8 | +0.7% | 458 |
| Aug 2026 | ₹58,595 | 107.1 | +7.1% | 380 |
| Jul 2026 | ₹54,699 | 100.0 | — | 405 |
Real Estate Mumbai price index, computed monthly from live asking prices in Lower Parel (base 100). Asking, not registered, prices.
Arihant Towers on MahaRERA — what to check before you book
Arihant Towers is registered. The registry is the only document that binds the developer on possession dates, carpet areas and what is built; read it before any token.
| Phase | MahaRERA no. | Towers · floors | Units | Possession declared | Registered |
|---|---|---|---|---|---|
| Arihant Tower | P51900031107 | ARIHANT TOWER · 23 fl | 77 | — | Oct 2021 |
Registry link opens the MahaRERA record. Possession dates on the registry can be revised by the developer under the Act; we refresh this table as the record changes.
Ready homes in Lower Parel you can buy or rent today
Real Estate Mumbai's own listings — the honest alternative to waiting for a launch. 2 BHK and larger first.
About Arihant Towers
Arihant Tower is a Residential Project Developed by the MJ Shah Group. It is located at Lower Parel. Lower Parel is a great neighbourhood in Mumbai. It's easy to get around from there because it's close to important things like roads, trains, buses, and even the metro. Excellent connectivity towards Western Railway - Lower Parel Station , Central Railway - Curry Road & Chinchpokli Station, Lower Parel Mono Rail Station. Eastern Express Highway few mins away. It is a 36 storey tower offering 2,3 and 4 BHK Residences. Spacious apartments with balcony. Panoramic City view. 2 units per floor. Jain Upashray on 2nd floor. Part OC in September 2023.
Amenities
Next steps — clarity before you step out
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Arihant Towers — the questions investors ask
What rent can a flat in Arihant Towers earn?
Is Arihant Towers priced above resale in Lower Parel?
Are prices in Lower Parel rising?
Is Arihant Towers MahaRERA registered?
What can I buy in Lower Parel today instead?
How do I get the price list or a site visit for Arihant Towers?
Who is the builder of Arihant Towers?
What is the possession status of Arihant Towers?
Rents, resale prices and the price index on this page are computed from live listings on Real Estate Mumbai and refresh automatically; project facts are as declared to MahaRERA or recorded by our team (updated 27 Apr 2026). Indicative, not an offer; verify with the developer and on MahaRERA before deciding. Real Estate Mumbai · MahaRERA agent A51800043517 · since 1995.
Get details on Arihant Towers
N.M Joshi Marg, Opp. Jain Derasar, Adarsh Nagar, Lower Parel · MJ Shah Group
