Agrawals Aarambh
1 to 2.5 BHK
Price on request
Possession: Jun 2030
Budget and Tier
Affordable Flats in Bandra: Compact and Mid-Priced Options
Affordable in Bandra is relative. 4 projects fall in our affordable or mid tier, all in Bandra East, and prices are on request. This page explains the pockets, the tax rule and what to check.
4projects listed
4in Bandra East
4developers
3locality pockets
Verified Listings
Affordable Flats in Bandra
4 projects are in our compact or relatively affordable tier, all in Bandra East. None has a stated price.
Under Construction
1 projectReady to Move
1 project
Vaibhavlaxmi Address 51
1 & 2 BHK · Up to 619 sq ft carpet
Price on request
Possession: On request
Upcoming Projects
2 projects
Shivalik Gulmohar Avenue
1 & 2 BHK · 322–641 sq ft carpet
Price on request
Possession: On request
Sajay Avenue 18
1, 2 and 3 BHK · 408–1,062 sq ft carpet
Price on request
Possession: Aug 2026
Side by Side
Compare These Projects at a Glance
Stage, possession and MahaRERA number for every project above, in one table. Blank or conflicting details are shown as on request or N/A.
| Project | Developer | Locality | Stage | Possession | MahaRERA no. |
|---|---|---|---|---|---|
| Agrawals Aarambh | N/A | Kherwadi | Under Construction | Jun 2030 | N/A |
| Vaibhavlaxmi Address 51 | N/A | Bandra East | Ready to Move | On request | N/A |
| Shivalik Gulmohar Avenue | N/A | Jawahar Nagar, Bandra East | Upcoming Projects | On request | N/A |
| Sajay Avenue 18 | N/A | Kherwadi | Upcoming Projects | Aug 2026 | N/A |
Developer shows N/A where the developer has no profile page on this site. Possession and MahaRERA number are shown only where published and consistent across sources.
Context
What affordable means in Bandra
Bandra is one of the costliest parts of Mumbai, so our affordable or mid tier means compact or relatively lower-priced, not cheap. The tier is our own editorial grouping based on location, product and quoted pricing. It is not a government or developer label.
For scale, HomeBazaar (August 2026) quotes pooled Bandra 2 BHK homes from about Rs 95 lakh, and RealtyPromoo (April 2026) puts Bandra East 2 BHK totals at about Rs 2.35 to 4.5 crore. Smaller homes are covered on our 1 BHK page.
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What to Check
Where the relatively affordable pockets are
They are in Bandra East, in former MHADA colonies and slum-rehabilitation areas that are now being redeveloped into towers. This is DCPR 33(10) territory for SRA schemes, with free entitlements of 300 sq ft carpet for eligible occupants and incentive area that the developer sells (Archonet, August 2026).
- Kherwadi: former MHADA housing, redeveloping since 2005 to 2006, some projects stalled. RealtyPromoo (April 2026) gives about Rs 35,000 to 48,000 per sq ft for Santosh Nagar and Kherwadi, while Aurum PropTech Pulse shows a lower average of about Rs 20,410. The sources conflict.
- Gandhi Nagar: RealtyPromoo (April 2026) gives about Rs 45,000 to 55,000 per sq ft.
- Santosh Nagar: grouped with Kherwadi in the same RealtyPromoo band.
- See Kherwadi and Gandhi Nagar for the locality profiles.
Price Context
Affordable GST: 1 percent
HomeFirst India (June 2026) states that affordable housing attracts about 1 percent GST, against about 5 percent for other under-construction flats, when the carpet area is up to 60 sq m in metros and the value is up to Rs 45 lakh. Both conditions must be met, and the rule should be checked against the current GST notification.
On the price bands above, most Bandra flats are priced well over Rs 45 lakh, so the 1 percent rate will rarely apply. Ready flats with an occupancy certificate carry no GST.
How It Compares
What to verify
Redevelopment pockets carry execution risk. Check that the society or SRA scheme has its approvals, the developer's track record, the possession date on MahaRERA and the maintenance charge: RealtyPromoo (April 2026) cites about Rs 8,000 to 15,000 per month in Bandra East. 0 of the 4 here have a confirmed RERA registration, so verify each on MahaRERA before booking. Also see Bandra East projects.
Buyer Notes
Where the money goes beyond the price
Budget for stamp duty of about 5 to 6 percent including the 1 percent metro cess and a registration fee of about 1 percent, capped at Rs 30,000 (builder and finance blogs; confirm on IGR Maharashtra). Add society charges and, for under-construction flats not covered by the affordable rule, about 5 percent GST.
For the loan, the RBI loan-to-value cap is about 90 percent up to Rs 30 lakh, 80 percent from Rs 30 to 75 lakh and 75 percent above that (Godrej Capital, June 2023, older source). Home loan rates start around 7.00 to 7.50 percent for good credit scores (BankerMart, August 2026).
FAQ
Frequently Asked Questions
Are there affordable flats in Bandra?
Only relatively. 4 projects fall in our compact or mid tier, all in Bandra East. Bandra remains a premium market, with 2 BHK homes from about Rs 95 lakh (HomeBazaar, August 2026).
Which Bandra area is cheapest?
Santosh Nagar and Kherwadi in Bandra East, at about Rs 35,000 to 48,000 per sq ft (RealtyPromoo, April 2026). Another source, Aurum PropTech Pulse, shows a lower average, so confirm with current quotes.
Does affordable housing GST apply in Bandra?
The 1 percent rate applies to carpet up to 60 sq m in metros and value up to Rs 45 lakh (HomeFirst India, June 2026). Few Bandra flats meet the value cap. Verify the rule at the time of purchase.
What are MHADA and SRA redevelopment projects?
They are rebuilds of MHADA colonies or slum areas, with free homes for eligible occupants and the remaining area sold to buyers. SRA schemes follow DCPR 33(10) (Archonet, August 2026). Check approvals and timelines carefully.
Want help shortlisting in Bandra?
Tell us your budget, preferred pocket and timeline. We will point you to the projects in our list that fit and flag what to verify before you visit.