Arihant Towers Lower Parel — The 54-Apartment Boutique Tower in a 1,000-Unit Locality
Arihant Towers is the kind of building Lower Parel buyers either buy on the first walkthrough or skip entirely. 32 storeys, 54 apartments, only two residences per floor — the building is a deliberate counter-position to the 384-unit, 56-floor, club-and-spa-laden mega-towers that have come to define the locality. Property Butler is live with three units: a 2 BHK at ₹4 Cr (823 sqft carpet, 19th floor, Open View), a 3 BHK at ₹5.50 Cr (1,215 sqft carpet, 14th floor, Open View), and a 4 BHK at ₹6.48 Cr (1,638 sqft carpet, 14th floor, Open View). The developer is MJ Shah Group — a six-decade-old Mumbai house with a portfolio that emphasises low-density addresses over scale. RERA is P51900006005, possession is June 2026, and the MahaRERA dashboard reports zero buyer complaints to date.
Arihant Towers · Lower Parel · May 2026
₹4.00 Cr — ₹6.48 Cr
2 / 3 / 4 BHK · 823 – 1,638 sqft · Open View · 32 Storeys · Jun 2026 Possession
Snapshot — At a Glance
Why Arihant Towers — A Buyer's Honest Read
Lower Parel buyers in 2026 split into two camps. The first wants the full luxury complex — five amenities decks, two clubhouses, a co-working space, a chef's table, a spa, a 2-acre podium and 600 neighbours. That buyer is shopping Indiabulls Sky Forest, Marathon NextGen Era, Lodha Allura, or Sarvesh One. The second wants the apartment, not the address — quiet floors, a private entry, a lift you don't share with twenty other neighbours, and the privacy of knowing only one other family lives on your floor. Arihant Towers is built for the second buyer.
The decision driver is the two-residences-per-floor plan. With only 54 apartments across 32 storeys, the corridor density is roughly 1/8th of the typical Lower Parel high-rise. Service lifts run on dedicated cores. The lobby is intentionally compact — the building is not built to host 1,200 people walking through it daily. For families with elderly parents, working professionals running calls from home, or anyone who has lived in a 400-flat tower and decided "never again", that single design choice is the entire pitch.
The developer matters here. MJ Shah Group has been building in Mumbai since the 1960s. The portfolio is small by listing-board standards — they don't do mega-launches, don't bid for redevelopment trophies, and don't over-leverage on land deals. The trade-off: amenities are functional rather than ostentatious. CCTV, controlled access, gymnasium, indoor games, jogging track, kids' play area, swimming pool, landscape garden, senior citizen zone, yoga area. Vaastu-compliant design is standard. There is no five-star hotel partnership, no curated art programme, no private cinema. If those things are part of your buying criteria, this is not the building. If you want the apartment, the privacy, and the address — and you're willing to spend on amenity upgrades inside your unit instead of paying for a podium spa you'll use four times a year — Arihant gets the job done.
The honest cons. The building is in an active 32-storey finishing phase — ready apartments are still 6–8 months away from move-in. The 4 BHK at 1,638 sqft is well-sized but not gigantic by today's standards (peer 4 BHKs in Lower Parel run 1,800–2,200 sqft). Open View means open — these units do not face the Arabian Sea. If your decision is anchored on a sea-facing 4 BHK, look at Lodha The Park Worli or Indiabulls Blu next door rather than this one.
Configurations + Pricing Ladder
PSF descends as carpet rises — the 4 BHK at ₹39,600/sqft is the value pick of the three for a buyer who actually needs the space. The 2 BHK at ₹48,600/sqft is the premium for boutique low-density living at a 800-sqft footprint.
Arihant Towers vs Lower Parel Peer Buildings
The competitive reading is straightforward. Buyers who anchor on amenities go to Indiabulls Sky Forest. Buyers anchored on price-per-sqft go to Marathon. Buyers anchored on the newest possible OC go to Sarvesh One in 2027. Arihant Towers is the "I want my apartment in a small building" choice in a locality where small buildings are essentially extinct in the new-launch supply.
Location + Connectivity
Arihant Towers sits in the Senapati Bapat Marg precinct of Lower Parel — the inner ring that used to be the mill cluster and is now Mumbai's densest white-collar employment zone. Lower Parel railway station is the primary commute anchor (Western Line), with the additional option of Currey Road on the Central Line a 5-minute drive east. Phoenix Marketcity / High Street Phoenix is 800 metres away — five minutes by car, twelve minutes on foot. Kamala Mills, ICC Building, One India Bulls Centre, and Peninsula Corporate Park are all within a 1.5km radius — the office leases that anchor the demand for residential here.
For school connectivity, Aditya Birla World Academy (Tardeo) is a 12-minute drive, and Cathedral and John Connon (Fort) is 20 minutes via the Sea Link / Coastal Road. King Edward Memorial Hospital (Parel) is the nearest tertiary medical anchor at under 2km. Bandra-Worli Sea Link entry is 8 minutes; the new Coastal Road Phase 1 opens up the southbound run to Marine Drive in roughly 18 minutes off-peak. Mumbai Metro Line 3 (Aqua Line) — the underground stretch that connects Cuffe Parade to SEEPZ — has a Worli station 2.4km away, and Phase 2 (Lower Parel south extension) is on the construction roadmap. Domestic airport (Santacruz) is 14km via the Western Express Highway; international (Sahar) is 17km — both within a 35–45 minute window outside peak.
Property Butler's Verdict
Arihant Towers is a niche building at a niche price for a niche buyer. If you want resort amenities, Lower Parel's mega-towers will beat this on every line. If you want the 4 BHK with the largest carpet for the budget, look further west at Marathon or further east at Bhoomi Simana. But if you're a Lower Parel buyer who has already lived in a high-rise and decided that what you want next is a quieter address with two flats per floor, a competent (not exotic) developer track record, and an under-₹7-Cr 4 BHK with Open Views, Arihant Towers is the building. Negotiate on the 2 BHK if you're going there — at ₹48,600 PSF it is the most expensive of the three and the unit type with the most pricing flexibility. The 4 BHK at ₹39,600 is already at fair value; pay full ask if it's the right floor and view. Property Butler's read: this is the boutique-tower trade in a locality that ran out of boutique towers. It will not be the most amenity-rich building you tour, but it will be the one with the lowest density on the floor — and that's the only thing money can't buy more of after possession. — Property Butler
Property Butler's Live Inventory at Arihant Towers
3 active units · ₹4.00 Cr — ₹6.48 Cr
- 2 BHK · 823 sqft · 19th floor · ₹4.00 Cr — Open View, Jun 2026 possession
- 3 BHK · 1,215 sqft · 14th floor · ₹5.50 Cr — Open View, Jun 2026 possession
- 4 BHK · 1,638 sqft · 14th floor · ₹6.48 Cr — Open View, Jun 2026 possession
Frequently Asked Questions
Is Arihant Towers Lower Parel RERA approved?
Yes — registered as MahaRERA P51900006005 with possession scheduled for June 2026. The MahaRERA filing also confirms 32 storeys, 54 apartments, and zero buyer complaints to date.
What is the asking PSF in Arihant Towers Lower Parel?
Property Butler's three live units at Arihant Towers price between ₹39,500 and ₹48,600 per sqft. Wider Lower Parel asking-PSF tracking shows ₹40,000–₹56,000 for the high-floor mid-luxury 2/3/4 BHK band — Arihant sits at the fair-value end of that band given the boutique scale.
How many apartments are in Arihant Towers?
Just 54 apartments across a 32-storey tower — only two residences per floor. That ratio is what makes Arihant a low-density address in a market where most new Lower Parel towers run 8–14 units per floor.
What are the configurations available at Arihant Towers?
Property Butler tracks 2 BHK at 823 sqft carpet, 3 BHK at 1,215 sqft carpet, and 4 BHK at 1,638 sqft carpet. All three are Open View units on floors 14–19.
When is Arihant Towers possession?
Possession is June 2026 per the MahaRERA disclosure. The structure is at advanced finishing stage — buyers should plan to fit out within 3–4 months of registration.
Are home loans approved at Arihant Towers Lower Parel?
Yes — major banks including HDFC, ICICI, SBI, Axis, and Kotak Mahindra extend home loans on RERA-registered Lower Parel projects of this profile. Property Butler can introduce a banker once a unit is shortlisted.
How does Arihant Towers compare to Indiabulls Sky Forest or Marathon Next Gen Era in Lower Parel?
Arihant is the boutique end of the trade — 54 units total versus 384+ at Indiabulls Sky Forest and 1,000+ at Marathon NextGen. You give up the resort-style amenity stack and trade up to a low-density, two-flat-per-floor address with no club crowds. PSF is comparable; lifestyle is fundamentally different.