Under Construction

Under Construction MahaRERA registered 1 & 2 BHK

ParkwayUnder Construction in Matunga

📍 Sir Bhalchandra Rd,, Matunga · by Nandivardhan Group

₹47,887 /sq ftrecorded rate · confirm area basis and current price

1 & 2 BHKConfigurations

460 / 780 sq ftCarpet area

Mar 2027Possession (MahaRERA)

22Floors

21 Oct 2026Last updated

Parkway is a under construction residential project by Nandivardhan Group at Sir Bhalchandra Rd, Matunga. The configurations on record are 1 & 2 BHK of 460 and 780 sq ft carpet. Project facts and property enquiries for Parkway, Matunga. Recorded developer status is separate from resale and rental availability; reconfirm each listing.

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Real Estate Mumbai · MahaRERA agent A51800043517 · since 1995

About these comparisons

Comparisons use listing verification recorded within 90 days, exclude approximate carpet areas and collapse matching building/configuration/price/area records. Each reported configuration needs at least five observations. This does not certify availability; reconfirm the unit and measurement. Gross yield is omitted because the project price basis and date have not been independently matched.

Rental angle

What a flat in Parkway would rent for

Indicative monthly asking rents use at least five recent, comparable residential listing observations of the same BHK configuration in Matunga. These are locality comparisons, not confirmed rents achieved in Parkway.

Estimated monthly asking rent: 2 BHK (780 sq ft carpet): ₹1.36 L.

Configuration	Carpet	Matunga rent today	Estimated rent
2 BHK	780 sq ft	₹174/sq ft/mo (6 observations)	≈ ₹1.36 L/mo

Estimate = carpet area × the live median rent per sq ft for that configuration in Matunga on Real Estate Mumbai. Indicative locality comparison; reconfirm property-specific terms.

Price index

Where Matunga prices are moving

Real Estate Mumbai's Matunga price index reads 96.3 for Oct 2026 (base 100), a median asking ₹49,606 per sq ft across 16 listings, down 2.9% on the month. By configuration: 2 BHK ₹49,606 per sq ft.

Oct 2026₹49,606-2.9%

Sep 2026₹51,062-1.9%

Aug 2026₹52,040+1.1%

Jul 2026₹51,487—

Month	Median asking ₹/sq ft	Index	m/m	Listings
Oct 2026	₹49,606	96.3	-2.9%	16
Sep 2026	₹51,062	99.2	-1.9%	53
Aug 2026	₹52,040	101.1	+1.1%	42
Jul 2026	₹51,487	100.0	—	60

Real Estate Mumbai price index, computed monthly from live asking prices in Matunga (base 100). Asking, not registered, prices.

Registry

Parkway on MahaRERA — what to check before you book

Parkway 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
Park Way	P51900047931	PARK WAY · 31 fl	—	Mar 2027	Dec 2022

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.

Our stock

Property listings in Matunga

Listed resale and rental options. Reconfirm availability before arranging a viewing. 1 BHK and larger first.

For sale

3 BHK · Hubtown Harmony525 sq ft · Semi-Furnished₹2.6 Cr · ₹49,523/sq ft 5 BHK · Pratibha4,050 sq ft₹24 Cr · ₹59,259/sq ft 2 BHK · Aangan672 sq ft · Fully Furnished₹4.25 Cr · ₹63,244/sq ft 3 BHK · Tridhaatu Aaroha1,100 sq ft · Semi-Furnished₹4 Cr · ₹36,363/sq ft

On rent

4 BHK · Dwarkamai Tower1,806 sq ft · Semi-Furnished₹2.5 L/mo 2 BHK · Hubtown Harmony426 sq ft · Fully Furnished₹85,000/mo 5 BHK · Pratibha4,000 sq ft · Fully Furnished₹7 L/mo 3 BHK · Kesar Polaris1,100 sq ft₹2 L/mo

All for sale ›All on rent ›

About

About Parkway

Parkway is a residential project located in Matunga, Sir Bhalchandra Rd. Currently under construction, the project offers 1 BHK, 2 BHK apartments with carpet areas ranging from 460 to 780 sq.ft, priced from ₹2.2 Cr All in. The development comprises 22 floors. RERA registered (P51900047931).

Lifestyle

Amenities

✅ Cafe✅ Creche✅ Football Turf✅ Gazebo🏢 Grand Entrance Lobby💪 Gymnasium🎯 Indoor Games🏃 Jogging Track🌿 Landscaped Garden📚 Library✅ Lounge✅ Mini Theatre✅ Party Lawn✅ Sky Lounge✅ Temple🧘 Yoga Room

Take it further

Next steps — clarity before you step out

📄 Request e-brochure & floor plansShared on WhatsApp once you tell us your requirement 🎥 Book a video walkthroughIn association with the developer: a briefing with their sales team on Meet, Teams or WhatsApp video — hosted by a Real Estate Mumbai advisor 📅 Book a site visitPick a day — an advisor accompanies you

Want the other side of the argument? Ask for our second opinion on WhatsApp — Parkway against the ready homes above, for your budget.

FAQ

Parkway — the questions investors ask

What rent can a flat in Parkway earn?

Are prices in Matunga rising?

Is Parkway MahaRERA registered?

Yes — P51900047931, possession declared Mar 2027.

What can I buy in Matunga today instead?

4 resale listing examples in Matunga are listed on this page — 3 BHK in Hubtown Harmony at ₹2.6 Cr, 5 BHK in Pratibha at ₹24 Cr and 2 BHK in Aangan at ₹4.25 Cr. Real Estate Mumbai shows you both routes before you commit.

How do I get the price list or a site visit for Parkway?

WhatsApp Real Estate Mumbai on +91 98200 75868 or leave your number on this page. We share the price list, brochure and a site-visit or video-walkthrough slot on WhatsApp — no forms, no developer calls unless you ask.

Who is the builder of Parkway?

Parkway is developed by Nandivardhan Group.

What is the possession status of Parkway?

Parkway is currently Under Construction. Possession: Dec 2027.

Is Parkway RERA registered?

Yes, Parkway is registered with MahaRERA under P51900047931.

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 21 Oct 2026). Indicative, not an offer; verify with the developer and on MahaRERA before deciding. Real Estate Mumbai · MahaRERA agent A51800043517 · since 1995.