Rachana Lakshmi Old Panvel, Navi Mumbai
About Rachana Lakshmi, Old Panvel by Rachana Construction
Rachana Lakshmi, a premium residential project, is nestled in the heart of Old Panvel. Strategically located near Uran Road, this project offers unparalleled connectivity and accessibility. With a RERA registration number P52000034848, Rachana Lakshmi is a trusted and secure investment option.
This luxurious project boasts a range of modern amenities to ensure a comfortable and convenient lifestyle. Residents can unwind at the kids play areas, and enjoy the power backup facility for uninterrupted living. The specification of the project includes high-quality walls in the Master Bedroom.
Choose from a range of spacious and elegantly designed units, including 1 BHK and 2 BHK apartments. With prices starting from 51.50 Lac, these apartments offer exceptional value for money. With a range of options available, including 401 Sq. Ft. and 578 Sq. Ft. units, you re sure to find the perfect home at Rachana Lakshmi.
Available Unit OptionsThe following table outlines the available unit options at Rachana Lakshmi:
| Unit Type | Area (Sq. Ft.) | Price (Rs.) |
| 1 BHK Apartment | 401 | 51.50 Lac |
| 1 BHK Apartment | 405 | 52.01 Lac |
| 2 BHK Apartment | 575 | 73.85 Lac |
| 2 BHK Apartment | 578 | 74.23 Lac |
The residential property is strategically located near several notable landmarks, providing residents with easy access to essential amenities and services. These landmarks not only enhance the quality of life for residents but also offer a unique blend of convenience and comfort.
- Rainbow Kids School is just 0.81 km away, making it an ideal choice for families with children.
- Shri Samarth Dental ClinicKaranzade is 1.30 km away, ensuring timely medical attention in case of an emergency.
- Axis Bank Karanjade is 0.64 km away, providing a convenient connection to the city.
- Hotel Shivshambo is 0.54 km away, perfect for guests and visitors.
- D Mart Ready Karanjade is 0.79 km away, offering a range of shopping and dining options.
- Parth Solitaire is 5.67 km away, offering a hub for business and entrepreneurship.
Rachana Lakshmi Floor Plans and Pricing
1 BHK Apartment - 405 sq. ft. (Carpet Area)
2 BHK Apartment - 575 sq. ft. (Carpet Area)
2 BHK Apartment - 578 sq. ft. (Carpet Area)
Rachana Lakshmi Price Trends and Market Insights
Price Trends
Rachana Lakshmi's average asking price is rising quarter-on-quarter, compared with Old Panvel.
- Current asking price
- ₹ 12,100/sq.ft.
- Quarter over quarter price change
- +9.5% QoQ
Comparable Projects
Rachana Lakshmi avg. price is ₹ 12.1 K/Sq.Ft. compared to Old Panvel at ₹ 15.1 K/Sq.Ft.
Recent Updates
Get the latest price and market updates for Rachana Lakshmi.
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During Q3'2026, average property prices for Rachana Lakshmi moved from ₹ 11,050/sqft to ₹ 12,100/sqft, reflecting a 9.50% rise.
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Panvel-Karjat Corridor Nears Completion, MRVC Accelerates Mumbai Rail Upgrades
Mumbai Railway Vikas Corporation (MRVC) has made significant progress on suburban rail projects. The Panvel-Karjat New Suburban Corridor is nearing completion, The Virar-Dahanu Road Quadrupling Project is progressing fast. Signalling and telecommunication works have been commissioned at Kelve Road station.
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Navi Mumbai International Airport to Strengthen Cargo Operations Amidst Mumbai Airport Upgrades
Navi Mumbai International Airport is emerging as a crucial alternative for cargo operations as Mumbai Airport undergoes runway and taxiway upgrades, leading to a temporary suspension of its freighter services. Airlines like Cathay Cargo, Air France, and Lufthansa Cargo are exploring or confirming shifts to Navi Mumbai.
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International Flights to Begin from Navi Mumbai Airport on July 15
Navi Mumbai International Airport will commence international passenger and cargo operations from July 15, 2026. Airlines such as Air India Express and IndiGo are slated to operate international flights from the Adani Group-owned facility.
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During Q2'2026, average property prices for Rachana Lakshmi moved from ₹ 9,900/sqft to ₹ 11,050/sqft, reflecting a 11.62% rise.
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CIDCO Initiates Bidding for Navi Mumbai Logistics Park
CIDCO has launched the bidding process for the first phase of a 925-acre Integrated Logistics Park (ILP) at Pushpak Node, Navi Mumbai. This is expected to be one of the largest logistics infrastructure projects in the Mumbai Metropolitan Region. The first phase involves leasing approximately 174 acres near Chirle village.
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Navi Mumbai Inaugurates Flyover Linking Palm Beach Road To Sion-Panvel Highway
A new arm flyover connecting Palm Beach Road to the Sion-Panvel Highway was inaugurated in Vashi Sector 17. This 290-meter flyover, built by the Navi Mumbai Municipal Corporation (NMMC) at a cost of ₹18.32 crore, provides a direct route for commuters traveling towards Pune. It is expected to significantly ease traffic congestion and reduce travel time by 10-15 minutes, eliminating the need for detours via Sanpada. The project addresses a key gap in Navi Mumbai's road network, improving connectivity and overall planning.
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During Q1'2026, average property prices for Rachana Lakshmi moved from ₹ 8,700/sqft to ₹ 9,900/sqft, reflecting a 13.79% rise.
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Navi Mumbai Metro Line 8 Alignment Finalized to Link Airports
The alignment for Navi Mumbai Metro Line 8 has been finalized, aiming to create a direct metro connection between Chhatrapati Shivaji Maharaj International Airport (CSMIA) and the upcoming Navi Mumbai International Airport (NMIA). The metro will pass through Vashi, Sanpada and Juinagar along the Sion–Panvel Highway.
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Central Railway will operate a Mega Block on its suburban sections on September 21 for engineering and maintenance works, affecting UP and DOWN FAST lines between Thane and Kalyan stations from 10:40 a.m. to 3:40 p.m. Down Fast/Semi-Fast locals from CSMT will be diverted on the Down Slow line, stopping at Kalva, Mumbra, and Diva stations, arriving 10 minutes late.
Master Plan, Photos, Videos & Brochure of Rachana Lakshmi
Explore the master plan, project photos and walkthrough videos of Rachana Lakshmi to understand the overall layout, tower placement, amenities, landscaped spaces and key highlights before making your buying decision.
Amenities & Specifications of Rachana Lakshmi
Sports
- Gymnasium
- Kids' Play Areas / Sand Pits
- Yoga Areas
- Jogging / Cycle Track
Convenience
- Power Backup
- Treated Water Supply
- 24*7 Water Supply
Safety
- 24 x 7 Security
- CCTV / Video Surveillance
Environment
- Normal Park / Central Green
Leisure
- Indoor Games
Specifications
- Master Bedroom-Walls
- Oil Bound Distemper
- Master Bedroom-Flooring
- Vitrified Tiles
- Other Bedrooms-Flooring
- Vitrified Tiles
- Walls
- Oil Bound Distemper
- Living Area-Flooring
- Vitrified Tiles
- Structure
- RCC Frame Structure
Location and Connectivity Around Rachana Construction Old Panvel

Connecting Roads
Trust & Verification
RERA Details of Rachana Lakshmi
P52000034848
Rachana Lakshmi
Rera Url:
- Square Yards RERA Reg. A51800000454
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Rachana Construction Track Record
Frequently Asked Questions About Rachana Lakshmi
Rachana Lakshmi offers a range of amenities including kids play areas, indoor games, normal park, power backup, and 24x7 security, ensuring a comfortable living experience.
Rachana Lakshmi offers 1 BHK and 2 BHK apartments with varied sizes, including 401 Sq. Ft. and 405 Sq. Ft. for 1 BHK, and 575 Sq. Ft. and 578 Sq. Ft. for 2 BHK, respectively.
Rachana Lakshmi is connected to Uran Road, with a distance of approximately 1.5 km, making it easily accessible.
Yes, Rachana Lakshmi is RERA-registered with registration number P52000034848.
The project is in its early stage, and the expected possession date is yet to be announced.
The starting price for units in Rachana Lakshmi is 51.50 Lac for a 1 BHK apartment.
This website is only for the purpose of providing information regarding real estate projects in different geographies. Any information which is being provided on this website is not an advertisement or a solicitation. The company has not verified the information and the compliances of the projects. Further, the company has not checked the RERA* registration status of the real estate projects listed herein. The company does not make any representation in regards to the compliances done against these projects. Please note that you should make yourself aware about the RERA* registration status of the listed real estate projects.
*Real Estate (Regulation & Development) Act, 2016.