Mumbai’s residential real estate sector is witnessing renewed momentum as Sanghvi Realty, a developer with over four decades of experience, unveiled two new projects in established neighbourhoods: Sanghvi Tirth in Andheri and Sanghvi Morya at Shivaji Park. Together, these developments represent a combined Gross Development Value (GDV) of ₹220 crore, signalling the company’s strategic bet on prime locations with strong social and transport infrastructure.
Both sites have recently been cleared to ground level and are now awaiting Commencement Certificates, positioning them for imminent construction. Sanghvi Tirth, with a GDV of ₹100 crore, targets young professionals and families drawn to Andheri’s connectivity and proximity to business hubs. Sanghvi Morya, valued at ₹120 crore, offers premium housing in Shivaji Park, a historic neighbourhood prized for parks, cultural landmarks, and easy access to South Mumbai. Industry experts say that focusing on well-established localities like Andheri and Shivaji Park allows developers to balance risk and opportunity. “Investing in mature residential zones ensures steady demand, given the connectivity, amenities, and legacy appeal of these areas,” an official from a real estate consultancy explained. Sanghvi Realty’s recent track record, including successful projects such as Sanghvi Palazzo in Andheri, Sanghvi Aria in Santacruz, and Sanghvi Optima in Dadar, has reinforced confidence in the company’s delivery-led approach.
Directors Pakshal and Shankesh Sanghvi emphasised that the dual launches reflect a clear understanding of Mumbai’s micro-markets. “Tirth and Morya are not just constructions; they represent our philosophy of quality, transparency, and timely delivery in neighbourhoods that homebuyers trust,” a company spokesperson said. The simultaneous launch allows the developer to cater to distinct buyer profiles, from upwardly mobile professionals seeking modern convenience to families prioritising long-term lifestyle value. From a sustainability perspective, both projects are designed with regulatory compliance and environmentally responsible construction practices in mind, aligning with the broader goal of zero-carbon urban development. Early-stage planning includes careful consideration of resource efficiency, waste management, and community integration to enhance the long-term livability of these areas.
As Sanghvi Realty prepares to commence construction, the projects are expected to contribute positively to Mumbai’s housing supply in high-demand zones, offering homes that combine modern amenities with heritage-sensitive design. Detailed configurations, specifications, and construction timelines will be shared once the requisite approvals are secured.
Sanghvi Realty Launches Andheri And Shivaji Park Projects Worth Rs 220 Crore
