Tardeo has two live under-construction projects right now that often get confused by buyers who hear "sea-view high-rise on Pedder Road" and assume the market is monolithic. The Stardeous — built by Spenta Developers — offers 2BHK and 3BHK from Rs 4.07–6.4 Cr with June 2027 delivery. Lodha Marq — Lodha Group's flagship in Tardeo — starts at Rs 10.71 Cr for a 3BHK and climbs to Rs 120 Cr for the 9,183 sqft penthouse, delivering November 2028. Both are sea-view ultra-high-floor towers. But they are separated by 2.5x in starting price, 17 months in delivery, and a significant gap in developer pedigree and project scale. Property Butler has both on our books.
Side-by-Side Snapshot — May 2026
The Stardeous: 2BHK Rs 4.07–4.48 Cr (754–831 sqft carpet) | 3BHK Rs 6.40 Cr (1,187 sqft carpet) | Jun 2027 | Spenta Developers. Lodha Marq: 3BHK Rs 10.71–27.27 Cr (1,488–3,030 sqft carpet) | Penthouse Rs 120 Cr (9,183 sqft carpet) | Nov 2028 | Lodha Group.
The Developer Gap Is Real
Spenta Developers is a Mumbai-based boutique developer with a track record in the city. They have delivered projects including the Marlboro House in Tardeo (now a premium rental building), which is a meaningful reference point. However, Spenta's scale is fundamentally different from Lodha Group's — one of India's largest listed real estate companies with over 100 delivered projects including Lodha World One, Lodha World Towers, and Lodha Park in Lower Parel. Lodha Marq is positioned as the brand's pinnacle Tardeo offering. For buyers for whom developer certainty is paramount, this gap matters. For buyers comfortable with Spenta's local track record and willing to accept some brand-premium sacrifice for a 2.5x lower entry price, The Stardeous is a rational choice.
Configuration Comparison
| Parameter | The Stardeous | Lodha Marq |
|---|---|---|
| Developer | Spenta Developers | Lodha Group |
| 2BHK price | Rs 4.07–4.48 Cr (754–831 sqft) | Not offered |
| 3BHK entry price | Rs 6.40 Cr (1,187 sqft carpet) | Rs 10.71 Cr (1,488 sqft carpet) |
| 3BHK PSF (carpet) | Rs 53,900 PSF | Rs 71,980 PSF (entry floor) |
| Sea view | Yes (ultra-high floor) | Yes (from mid-floor sea-view units) |
| Possession | June 2027 (13 months) | November 2028 (30 months) |
| Penthouse available | No (max 3BHK) | Yes — Rs 120 Cr (9,183 sqft) |
| MICL Aaradhya Avaan in same area | Competing project (3BHK Rs 9.8 Cr) | Competing project (3BHK Rs 9.8 Cr) |
The Price Premium Decoded
Lodha Marq's 3BHK entry at Rs 10.71 Cr is 67% more expensive than The Stardeous 3BHK at Rs 6.4 Cr for a carpet that is 25% larger (1,488 sqft vs. 1,187 sqft). Adjusting purely for carpet: Lodha Marq at Rs 71,980 PSF versus Stardeous at Rs 53,900 PSF — a 33% Lodha premium. What does that premium buy? Developer brand and delivery certainty (Lodha's track record is unquestioned), larger carpet (1,488 sqft vs. 1,187 sqft for 3BHK), a wider range of floor positions including base-floor garden-view units, and 30 more months of construction wait. The Lodha Marq higher-floor sea-view 3BHK at Rs 27.27 Cr (3,030 sqft carpet, Rs 89,900 PSF) is in a completely different universe from The Stardeous — it's competing with Worli Sea Face, not with Spenta Developers.
Delivery Timeline Risk: Who Is Safer?
The Stardeous June 2027 delivery is 13 months away. Given current construction progress, Spenta's local track record with Marlboro House, and the shorter timeline window, the risk of delay is lower in absolute terms — there is less can go wrong in 13 months than in 30 months. Lodha Marq's November 2028 delivery is Lodha Group — a listed company with institutional accountability — which is its own risk mitigation. Both projects are RERA registered (confirm numbers before signing). If timeline certainty is your primary concern, The Stardeous is closer to finish line today.
Buy The Stardeous if you...
- Budget is Rs 4–7 Cr and Tardeo address is the goal
- Want possession by June 2027 (13 months)
- Are comfortable with Spenta's local track record
- Want a 2BHK (Lodha Marq does not offer one)
- Are making an appreciation play at the lower price point
Buy Lodha Marq if you...
- Budget is Rs 10–30 Cr and developer brand is non-negotiable
- Want a larger 3BHK (1,488–3,030 sqft carpet)
- Want the sea-view units at Lodha-quality finishing
- Are buying at the ultra-HNI end (penthouse or large format)
- Want Lodha's managed services and concierge ecosystem
The Rental Yield Outlook Post-Delivery
Once The Stardeous delivers in June 2027, the rental expectation for a 3BHK sea-view unit in Tardeo (1,187 sqft carpet) is Rs 1.8–2.5L/month based on comparable yields from OC-received Tardeo stock. At a Rs 6.4 Cr purchase price, that is a gross yield of 3.4–4.7% — one of the stronger yield profiles in South Mumbai. Lodha Marq at Rs 10.71 Cr for a base-floor 3BHK would rent at Rs 2.5–3.5L/month (yield: 2.8–3.9%). Both are reasonable. The Stardeous yields slightly better at the base price if Spenta delivers to expected quality.
The MICL Aaradhya Avaan Factor
Any Tardeo comparison must acknowledge MICL Aaradhya Avaan — the third live project in the locality at Rs 9.8 Cr for a 3BHK (1,297 sqft carpet, December 2030, ultra-high floor, sea view). MICL is a third-tier developer brand (below Lodha, above Spenta in Mumbai perception) with a respectable local track record. Aaradhya Avaan sits between The Stardeous and Lodha Marq on price but closer to Lodha Marq on timeline (Dec 2030 vs. Nov 2028). For buyers at Rs 9–10 Cr who want Tardeo sea-view but find Lodha Marq out of range, MICL is the bridge option. A three-way comparison — Stardeous, MICL, Lodha — is advisable before committing.
Frequently Asked Questions
Is The Stardeous by Spenta worth buying in Tardeo?
Yes, for the right buyer. Spenta has local Tardeo delivery history with Marlboro House. The June 2027 possession is credibly close, and the Rs 4–6.4 Cr pricing is the most accessible entry to a sea-view Tardeo high-rise in the market. Do your RERA due diligence, conduct a site visit to assess construction progress, and confirm the sea-view allocation for your specific unit and floor before signing.
How does Lodha Marq compare to Lodha's other South Mumbai projects?
Lodha Marq is priced above Lodha Allura (Lower Parel, OC received, 3BHK from Rs 7 Cr) and Lodha Bellevue Mahalaxmi (3BHK from Rs 5.04 Cr). It is the brand's most ambitious Tardeo address play — a 3BHK at Rs 24.43 Cr (sea view, high floor) competes directly with Worli Sea Face pricing. Buyers choosing Lodha Marq over Lodha Allura are paying a location premium for Carmichael Road / Tardeo over Lower Parel.
What is the RERA status of both projects?
Both projects should be RERA registered in Maharashtra. Before signing any agreement, download the RERA certificate for the specific tower and wing you are buying in. Verify the registered delivery date matches what you are being told verbally, and check if any delays have been recorded on the RERA portal. Property Butler's team can assist with this verification.
Which project offers better appreciation over 5 years?
The Stardeous has higher percentage upside from its lower base — if Spenta delivers well, a Rs 6.4 Cr 3BHK could appreciate 35–50% by 2030–31 as the locality matures. Lodha Marq's appreciation from Rs 10.71 Cr is more moderate in percentage terms but more predictable because Lodha brand ensures demand. An investor optimising for IRR should look at Stardeous; an investor optimising for certainty should look at Lodha Marq.
Related Reading
Lodha Marq Tardeo — Full Review 2026 The Stardeous Tardeo — Full Review 2026 MICL Aaradhya Avaan Tardeo — Full Review 2026Explore Tardeo Properties
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