Residential RERA

Palais Royale

Mahalaxmi, Mumbai · Honest Shelters Private Ltd

Type1, Type7, Type2, Type3 +3 more

Total units

162

Booked

48%

Floors

84

Plot area

7.0 acres (28,410 sqm)

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About this project

Introducing Palais Royale, a prestigious Commercial project in Mumbai City, Maharashtra, offering 162 apartments with 77 already booked, showcasing a remarkable 47.53% booking rate. Located in , off ,GSouth-400013, this project boasts a total plot area of 28409.57 sqmts and a sanctioned FSI built-up area of 54715.20 sqmts. With a proposed completion date to 30/12/2024, this on-going project promises to deliver a luxurious living experience. Developed by HONEST SHELTERS PRIVATE LTD, a reputed individual developer, and facilitated by Yes Bank Limited, this project ensures a secure investment opportunity. The project's unique features, including 70% covered parking and easy access to Ganpatrao Kadam Marg, make it an attractive option for investors seeking a profitable venture in the real estate market.

Introducing Palais Royale, a prestigious Commercial project in Mumbai City, Maharashtra, offering 162 apartments with 77 already booked, showcasing a remarkable 47.53% booking rate. Located in , off ,GSouth-400013, this project boasts a total plot area of 28409.57 sqmts and a sanctioned FSI built-up area of 54715.20 sqmts. With a proposed completion date to 30/12/2024, this on-going project promises to deliver a luxurious living experience. Developed by HONEST SHELTERS PRIVATE LTD, a reputed individual developer, and facilitated by Yes Bank Limited, this project ensures a secure investment opportunity. The project's unique features, including 70% covered parking and easy access to Ganpatrao Kadam Marg, make it an attractive option for investors seeking a profitable venture in the real estate market.

Unit Carpet area Units Price
Type1 441.82 sq.mt. 1
Type7 3460.14 sq.mt. 1
Type2 324.82 sq.mt. 1
Type3 393.33 sq.mt. 1
Type6 4135.27 sq.mt. 1
Type5 667.12 sq.mt. 1
Type4 606.24 sq.mt. 1

Configurations & carpet areas

From Maharashtra RERA apartment summary filings.

TypeCarpetUnitsPrice
Type1 441.82 sq.mt. 1
Type7 3460.14 sq.mt. 1
Type2 324.82 sq.mt. 1
Type3 393.33 sq.mt. 1
Type6 4135.27 sq.mt. 1
Type5 667.12 sq.mt. 1
Type4 606.24 sq.mt. 1

Project registry facts

Survey / CTS

5B, 6

Total residential units

162

Completion

30 Dec 2022

Registration

16 Aug 2017

Status

On-Going Project

Plot area

7.0 acres (28,410 sqm)

Sanctioned built-up

13.5 acres (54,715 sqm)

Total FSI

17.2 acres (69,734 sqm)

Booked units

77

Project bank

Yes Bank Limited

Inventory status 48% booked

77 of 162 units booked per RERA

Project imagery from MahaRERA filings

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Location & boundaries

The Palais Royale project site is clearly delineated by its surrounding features. To the East, the property is bordered by Amritwar Marg, providing easy access. Its western flank is defined by Plot 5A, contributing to the distinct separation of spaces. To the South, the project is adjacent to Ganpatrao Kadam Marg, a key thoroughfare in the locality. Looking North, the site is bordered by the Mhadha Building, grounding Palais Royale firmly within the established urban fabric of Lower Parel. These defined boundaries ensure clarity regarding the project's precise location and accessibility within the Mumbai district.

East

Amritwar Marg

West

Plot 5A

North

Mhadha Building

South

Ganpatrao Kadam Marg

Developer — Honest Shelters Private Ltd

HONEST SHELTERS PRIVATE LTD, a reputable partnership firm, stands as the visionary force behind the prestigious Palais Royale project. Operating from their established presence in Lower Parel, Mumbai City, Maharashtra, this developer is committed to crafting exceptional residential spaces. Their headquarters, situated at Palais Royale on Ganpatrao Kadam Marg, within the vibrant Worli Estate, underscores their deep roots in the city's real estate landscape. As a non-individual promoter, HONEST SHELTERS PRIVATE LTD brings a professional approach to its undertakings. The Palais Royale development, registered under RERA number P51900006786, reflects their dedication to delivering quality and adhering to regulatory standards, ensuring a reliable and transparent development process for future residents.

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FAQs

What is the project type for Palais Royale?

The Palais Royale project is a residential / group housing development, offering diverse living spaces designed for modern urban lifestyles.

What is the current status of the Palais Royale project?

The Palais Royale project is currently in an ongoing phase, with construction and development activities progressing.

When is the Palais Royale project expected to be completed?

The Palais Royale project has a proposed original completion date of December 30, 2022, indicating its planned delivery timeline.

Where is the Palais Royale project located?

The Palais Royale project is strategically located in Lower Parel, Mumbai, Maharashtra, a well-connected and desirable urban hub.

What kind of promoter is behind Palais Royale?

The Palais Royale project is developed by HONEST SHELTERS PRIVATE LTD, a partnership firm operating as an Other Than Individual promoter.

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