Central Mumbai redevelopment on Parel Tank Road, shaped by Raymond Realty
Residential apartments · Price on Request
Updated on
RAYMOND PAREL-KALACHOWKI SRA REDEVELOPMENT is a slum rehabilitation redevelopment on Parel Tank Road in Kalachowki, within the Parel-Shivdi division of central Mumbai. Raymond Realty leads the development through Ten X Realty South Ltd, which joined the project as joint developer alongside the original developer, Shanti Om Residency Pvt Ltd. The joint development agreement was registered on 15 July 2026, and the project is currently at the upcoming stage.
The site spans about 10.68 acres across several land parcels, with a total built-up area of close to 23.92 lakh sq ft. Roughly 11.97 lakh sq ft is set aside for the rehabilitation component, while about 10.96 lakh sq ft forms the free-sale component. Residential plans for the free-sale portion will be unveiled as the project moves toward launch, and the scale of the site gives the planners room to create a complete neighbourhood rather than a single tower.
Daily life in Parel-Shivdi is shaped by institutions and retail that residents rely on. KEM Hospital and Seth G.S. Medical College sit in Parel, with Tata Memorial Hospital and the Wadia Maternity and Children's hospitals nearby. For schooling, JBCN International School, Sharada Mandir High School and R.M. Bhatt High School serve the locality. Phoenix Palladium in Lower Parel brings shopping, dining and entertainment within a short drive.
Connectivity is one of the strongest arguments for the address. Parel station and Lower Parel business hubs are close by, and the Eastern Freeway and Atal Setu provide fast routes toward the eastern waterfront and Navi Mumbai. The Sewri-Worli Elevated Connector, a 4.5 km MMRDA project, is being built to link the Mumbai Trans Harbour Link traffic system with the Bandra-Worli Sea Link and the Coastal Road. Chhatrapati Shivaji Maharaj Terminus and Bandra-Kurla Complex are both within a comfortable commute.
Community living at a site of this scale typically centres on shared green spaces, play zones for children, fitness and indoor recreation, and secure, well-lit circulation. Redevelopment projects in central Mumbai increasingly pair residential towers with landscaped podiums and social areas, creating a setting where families of different generations can share the same address. The planned amenity programme will be shaped around these everyday needs.
Raymond Realty is the real estate arm of the Raymond group, a name that has been associated with Indian manufacturing and consumer brands since 1925. Its residential work includes the Ten X Habitat development in Thane, and Ten X Realty South Ltd was formed as a wholly owned subsidiary to carry forward its Mumbai ventures. The group's long record of building trust with buyers gives the project a dependable institutional footing.
For a buyer, the figures attached to this deal reflect the scale of the opportunity. The land joint development agreement carried a registered consideration of Rs 529.98 crore, with a stamp-office market value of about Rs 769.88 crore for the development rights. Central Mumbai land parcels of this size are scarce, and redevelopment activity in Kalachowki is rising as a result. Sale prices, the launch schedule and approvals will be shared as the project advances, and prospective buyers can follow each milestone closely.
Parel Tank Road offers a rare chance to be part of a redevelopment that brings together a long-established Mumbai neighbourhood, a strong institutional developer and a landholding of exceptional size. Those interested in the project are invited to register their interest with the developer and receive updates on the launch, configurations and planning as they are released. Early enquiries help buyers understand the plans before the first homes come to market.
| Configuration | Size | Starting Price |
|---|---|---|
| Residential apartments Free-sale residential component of about 10.96 lakh sq ft within the redevelopment. | On request |
Detailed master plan and unit-wise floor plans available on request.
Parel Tank Road, Kalachowki · Parel-Shivdi · Mumbai
Kalachowki sits in the Parel-Shivdi corridor of central Mumbai, a stretch that has long anchored the city's textile-era heritage and its newer office economy. Lower Parel's business hubs, the Parel railway station and the arterial roads that link south Mumbai with the western suburbs define the daily rhythm of the area. The neighbourhood blends established residential lanes with institutions that have served the city for decades.
Parel Tank Road places the project within reach of some of the most dependable civic and cultural anchors in central Mumbai. KEM Hospital and Seth G.S. Medical College are a short walk from Parel station, while Tata Memorial Hospital and the Wadia hospitals add depth to the healthcare landscape. The address offers a rare combination of central access and a settled, well-established community.
See the property in person. Our sales team will get in touch to coordinate a visit at your convenience.
A 4.5 km MMRDA elevated link that will connect the Mumbai Trans Harbour Link traffic system with the Bandra-Worli Sea Link and Coastal Road, easing movement across central Mumbai. It is expected to open in early 2027.
A proposed Wadala to CSMT corridor that will add a direct rail link through south and central Mumbai, improving access to offices, stations and neighbourhoods along the route.
The Mumbai Trans Harbour Link is an operational sea bridge connecting south Mumbai with Navi Mumbai, shortening journeys toward the eastern corridor and the new business districts beyond.
The Mumbai coastal arterial road, now operational in sections, provides a faster route between south Mumbai and the western suburbs, supporting smoother commutes from central localities.
An operational elevated expressway linking south Mumbai with the eastern suburbs and the port area, reducing travel times for residents of Parel and Kalachowki toward key employment hubs.
The project sits in the Parel-Shivdi corridor, close to Lower Parel's business hubs and Parel station, giving residents short commutes and easy access to the city's established employment and cultural centres.
Spread across about 10.68 acres of land parcels, the redevelopment carries a total built-up area of nearly 23.92 lakh sq ft, allowing a planned community rather than an isolated building.
Ten X Realty South Ltd, a wholly owned subsidiary of Raymond Realty, joined the original developer as joint developer, bringing a established group's governance and project management to the site.
Large contiguous land parcels in central Mumbai are increasingly scarce, and this redevelopment brings a significant landholding in Kalachowki into a structured joint development framework.
KEM Hospital, Tata Memorial Hospital and the Wadia hospitals are close by, while JBCN International School, Sharada Mandir High School and R.M. Bhatt High School serve families in the immediate neighbourhood.
The Eastern Freeway, Atal Setu, the Coastal Road and the upcoming Sewri-Worli Elevated Connector and Metro Line 11 strengthen the address, linking residents to Navi Mumbai, Worli and Bandra-Kurla Complex.
Visited or booked here? Share your honest experience. Reviews are checked before they appear.
Pricing, plans, brochure, and a personal walkthrough — talk to our sales team.
Location: Parel-Shivdi · Mumbai
