Rashmi SquareUnder Construction in Borivali West
📍 Baburao Paranjape Mamr, Jayraj Nagar, Borivali West · by Modis Navnirman
Rashmi Square is a under construction residential project by Modis Navnirman at Baburao Paranjape Mamr, Jayraj Nagar, Borivali West. The configurations on record are 2 & 3 BHK of 648, 699 and 774 sq ft carpet. This page is Real Estate Mumbai's read on Rashmi Square against the resale and rental market in Borivali West — 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 Rashmi Square would rent for
Borivali West has 5 live 2 BHK rentals on Real Estate Mumbai today, at a median of ₹69,000 a month — about ₹100 per sq ft of carpet a month (middle half ₹88–₹101).
At today's rates that makes a 648 sq ft 2 BHK roughly ₹64,800 a month, a 699 sq ft 2 BHK roughly ₹69,900 a month and a 774 sq ft 3 BHK roughly ₹56,502 a month.
At ₹31,635 per sq ft, that is a gross rental yield of about 2.8% to 3.8% — 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 | Borivali West rent today | Estimated rent | Gross yield |
|---|---|---|---|---|
| 2 BHK | 648 sq ft | ₹100/sq ft/mo (5 live) | ≈ ₹64,800/mo | ~3.8% |
| 2 BHK | 699 sq ft | ₹100/sq ft/mo (5 live) | ≈ ₹69,900/mo | ~3.8% |
| 3 BHK | 774 sq ft | ₹73/sq ft/mo (10 live) | ≈ ₹56,502/mo | ~2.8% |
Estimate = carpet area × the live median rent per sq ft for that configuration in Borivali West on Real Estate Mumbai. Indicative; a new building with sea views can command more.
The resale market Rashmi Square competes with
41 2 BHK resale homes are on the market in Borivali West right now, median ₹2.25 Cr at ₹32,673 per sq ft; the middle half asks ₹30,000–₹34,667. Listings are on average 41 days old.
Rashmi Square prices at ₹31,635 per sq ft — 3% below the resale median and inside the middle 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 Borivali West asks a median ₹39,744 per sq ft (6 live).
Where Borivali West prices are moving
Real Estate Mumbai's Borivali West price index reads 103.9 for Sep 2026 (base 100), a median asking ₹33,587 per sq ft across 88 listings, up 2.5% on the month. By configuration: 1 BHK ₹30,588, 2 BHK ₹32,673, 3 BHK ₹37,500 per sq ft.
| Month | Median asking ₹/sq ft | Index | m/m | Listings |
|---|---|---|---|---|
| Sep 2026 | ₹33,587 | 103.9 | +2.5% | 88 |
| Aug 2026 | ₹32,783 | 101.4 | +1.4% | 82 |
| Jul 2026 | ₹32,327 | 100.0 | — | 150 |
Real Estate Mumbai price index, computed monthly from live asking prices in Borivali West (base 100). Asking, not registered, prices.
Rashmi Square on MahaRERA — what to check before you book
Rashmi Square 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 |
|---|---|---|---|---|---|
| Rashmi Square | P51800054722 | A WING · 21 fl, B WING · 21 fl | 142 | — | Apr 2024 |
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 Borivali West 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 Rashmi Square
Modis Rashmi Square is a premium under-construction residential and retail development in Borivali West, Mumbai, crafted by Modis Navnirman. Spread across 0.55 acres with 54 exclusive residences, the project offers intelligently planned 2 and 3 BHK flats ranging from 648 sq.ft. to 774 sq.ft. carpet area, along with select retail shops. Designed for modern urban living, it combines lifestyle comfort with strong investment potential in Mumbai’s thriving western suburbs. Strategically located just 0.1 km from New Link Road and close to Lokmanya Tilak Road, the project ensures seamless connectivity to Borivali Railway Station, metro corridors, Western Express Highway, Kandivali, Malad, and Andheri. The neighborhood is well-developed with reputed schools like Don Bosco High School, healthcare facilities, shopping hubs, and everyday conveniences, making Borivali West one of the most sought-after residential micro-markets in Mumbai. Residents at Modis Rashmi Square enjoy premium amenities including gymnasium, badminton and squash courts, jogging track, yoga zones, kids’ play area, senior citizen area, landscaped green spaces, rainwater harvesting, 24x7 security, CCTV surveillance, fire safety systems, power backup, and AC common areas. Registered under RERA No. P51800054722, the project has shown strong price appreciation trends and consistent buyer interest, positioning it as a high-growth residential opportunity in Borivali West, Mumbai.
Amenities
Next steps — clarity before you step out
Want the other side of the argument? Ask for our second opinion on WhatsApp — Rashmi Square against the ready homes above, for your budget.
Rashmi Square — the questions investors ask
What rent can a flat in Rashmi Square earn?
Is Rashmi Square priced above resale in Borivali West?
Are prices in Borivali West rising?
Is Rashmi Square MahaRERA registered?
What can I buy in Borivali West today instead?
How do I get the price list or a site visit for Rashmi Square?
Who is the builder of Rashmi Square?
What is the possession status of Rashmi Square?
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 05 Jun 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 Rashmi Square
Baburao Paranjape Mamr, Jayraj Nagar, Borivali West · Modis Navnirman
