Sayaji Realty Acquires Prabhavati Niwas Redevelopment Project in Vile Parle
Mumbai, September 7, 2026: Real estate firm Sayaji Realty has acquired Prabhavati Niwas on Park Road in Vile Parle East for redevelopment, adding a boutique residential property to its portfolio of developments across Mumbai. The project is envisioned as an intimate development offering 15 3 BHK residences designed around a private living experience, Sayaji Realty said in a press release.
Located on Park Road, the development will feature a single G+8-storey tower with two residences per floor. Homes will range from approximately 1,066 sq. ft. to 1,326 sq. ft. of carpet area, conceived as a boutique address focused on space and privacy.
Zuber Dhanani, Managing Director, Sayaji Realty, said: “At Sayaji Realty, we believe luxury is increasingly about space, privacy and the quality of the everyday living experience rather than simply scale. Prabhavati Niwas brings that philosophy to life through its boutique format, generous residences and considered design elements that create a heightened sense of exclusivity. Its location on Park Road, in one of Vile Parle’s most established residential pockets, gives the project a distinctive character. Our aim is to create a home that respects that character while elevating the expectations of contemporary luxury living.”
A key feature of the residences will be 12.75-ft. ceiling heights, alongside large bedrooms and balconies. Amenities will include a gym, landscaped areas, and sit-out spaces. Positioned near the Western Express Highway, rail networks, and airport connections, the address offers access to major commercial and lifestyle destinations.
The project forms part of Sayaji Realty’s broader focus on redevelopment in Mumbai micro-markets. The company currently holds a redevelopment pipeline spanning approximately 32,000 sq. m. of land parcels, with a development potential of nearly 20 lakh sq. ft.
The Development Agreement for Prabhavati Niwas was signed in April 2026, and the project has received its Intimation of Disapproval (IOD). The Commencement Certificate (CC) has been applied for, with construction expected to begin in September 2026. The project is scheduled to launch for sale in October 2026, with target possession set for June 2028.
