Rashmi Square Under Construction in Borivali West
Rashmi Square in Baburao Paranjape Mamr, Jayraj Nagar, Borivali West by Modis Navnirman is an under-construction 2 & 3 BHK residential project at ₹31,635/sq ft, priced ₹2.05 Cr–₹2.45 Cr, MahaRERA possession Sep 2027. Ready resale 2 BHK flats in Borivali West ask a median ₹33,871 per sq ft carpet. Updated 5 Jun 2026.
📍 Baburao Paranjape Mamr, Jayraj Nagar, Borivali West · by Modis Navnirman
Rashmi Square is an under construction residential project by Modis Navnirman at Baburao Paranjape Mamr, Jayraj Nagar, Borivali West. The configurations on record are 2 & 3 BHK, about 600–800 sq ft carpet. Project facts and property enquiries for Rashmi Square, Borivali West. Recorded developer status is separate from resale and rental availability; reconfirm each listing.
Mumbai Property Exchange (MahaRERA agent A51800043517) · Real Estate Mumbai · since 1995
Rashmi Square carpet area and sizes
| Configuration | Carpet area | Developer price from | For sale | On rent |
|---|---|---|---|---|
| 2 BHK | 648–699 sq ft | ₹2.05 Cr | — | — |
| 3 BHK | 774 sq ft | ₹2.45 Cr | — | — |
Carpet area as the typical range (10th to 90th percentile) of recorded configurations and listings.
2 BHK flats in Rashmi Square
2 BHK at Rashmi Square, Borivali West: carpet 648–699 sq ft; developer price from ₹2.05 Cr.
3 BHK flats in Rashmi Square
3 BHK at Rashmi Square, Borivali West: carpet 774 sq ft; developer price from ₹2.45 Cr.
Rashmi Square: price, rent, infrastructure and growth
| Measure | Figure | What it means |
|---|---|---|
| Project pricing | ₹31,635 /sq ft · ₹2.05 Cr – ₹2.45 Cr | Developer rate on record. Confirm the carpet basis and current price list. |
| Borivali West micro-market rate | ₹34,759 /sq ft | Resale median across 91 live Borivali West listings; middle half ₹31,121–₹37,500. This project asks 9% less than resale. |
| Rent potential | ₹93 /sq ft a month · 2 BHK ≈ ₹61,560/mo | Median asking rent in Borivali West, 14 live listings. At the project rate that is about 3.5% gross a year before costs. |
| Infrastructure potential | Borivali–Thane Tunnel | Already open: Metro Line 7, Metro 2A. To BKC: about 60 min today, 28 min once Metro Line 7 + Tunnel is fully running (construction). |
| Scope of capital appreciation | Strong | Because of: priced close to (or below) ready resale; rental yield around 3.5%; new transport links still to open; possession within 1 year. Our reading of the figures above, not a forecast or advice. Speak to our team before you invest. |
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.
What a flat in Rashmi Square would rent for
Indicative monthly asking rents use at least five recent, comparable residential listing observations of the same BHK configuration in Borivali West. These are locality comparisons, not confirmed rents achieved in Rashmi Square.
Estimated monthly asking rent: 2 BHK: ₹61,560 and 2 BHK: ₹66,405.
| Configuration | Carpet | Borivali West rent today | Estimated rent |
|---|---|---|---|
| 2 BHK | Members | ₹95/sq ft/mo (7 observations) | ≈ ₹61,560/mo |
| 2 BHK | Members | ₹95/sq ft/mo (7 observations) | ≈ ₹66,405/mo |
Estimate = carpet area (members see it) × the live median rent per sq ft for that configuration in Borivali West on Real Estate Mumbai. Indicative locality comparison; reconfirm property-specific terms.
The resale market Rashmi Square competes with
43 recent 2 BHK residential asking-price observations in Borivali West: median ₹2.35 Cr, or ₹33,871 per sq ft of carpet. The middle half asks ₹30,921–₹36,678 per sq ft. These are listing observations, not unique homes or registered transactions.
Where Borivali West prices are moving
Real Estate Mumbai's Borivali West price index reads 102.7 for Nov 2026 (base 100), a median asking ₹33,186 per sq ft across 160 listings, down 3.2% on the month. By configuration: 1 BHK ₹31,111, 2 BHK ₹32,624, 3 BHK ₹35,823 per sq ft.
| Month | Median asking ₹/sq ft | Index | m/m | Listings |
|---|---|---|---|---|
| Nov 2026 | ₹33,186 | 102.7 | -3.2% | 160 |
| Oct 2026 | ₹34,297 | 106.1 | +1.4% | 149 |
| Sep 2026 | ₹33,812 | 104.6 | +3.1% | 93 |
| 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 MahaRERA and possession
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 | Sep 2027 | Apr 2024 |
Scan to verify on MahaRERA
MahaRERA agent: Mumbai Property Exchange, registration no. A51800043517 (operator of Real Estate Mumbai).
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.
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Property listings in Borivali West
Listed resale and rental options. Reconfirm availability before arranging a viewing. 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 is the price of Rashmi Square, Borivali West?
What rent can a flat in Rashmi Square earn?
What are comparable resale asking prices 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