Top 5 2 & 3 BHK Flats in Vikhroli Under Rs 5 Cr for 2026

Our team tracked registered transactions across Vikhroli and the adjoining Powai belt through 2025-26 to build this shortlist. Budgets under Rs 5 Cr for a 2 or 3 BHK here point mostly toward ready stock rather than under-construction plans. Godrej The Trees in Vikhroli East leads the list, with 2 BHK from Rs 3.15 Cr (559-1136 sqft carpet area) and 3 BHK from Rs 4.50 Cr (859-2377 sqft). Full specifications sit on the Godrej The Trees project page.

We present five categories of comparable stock, since Vikhroli’s ready supply is limited enough that buyers usually compare a project against a locality rather than unit against unit. The 34-acre Godrej The Trees development has 20 towers and 864 registered apartments, a wider internal choice than most standalone Powai buildings offer. Rate per sqft across this shortlist ranges from roughly Rs 28,000 in Kanjurmarg-Bhandup to Rs 48,000 in parts of Powai.

Our ranking starts from registry data: 37 resale transactions closed inside Godrej The Trees’ Phase II cluster between May 2025 and April 2026, worth close to Rs 116 Cr. That volume, at an average Rs 42,700 per sqft, shows the project still trades five years after its 2021 handover. We weigh that liquidity as heavily as headline pricing when ranking the five options below.

Godrej Properties Limited (NSE: GODREJPROP), the developer behind the lead project here, was founded in 1990, listed on the NSE in 2010, and has delivered over 300 projects spanning 250 million-plus sq ft across 12-plus cities including Mumbai, Pune, Bengaluru, the NCR and Kolkata. Godrej The Trees sits on roughly 34 acres of the company’s own long-held Vikhroli industrial estate, which is why the 20-tower layout reads as one master-planned cluster rather than a stitched-together plot. Readers can verify the developer’s profile at godrejproperties.com.

That land history explains why this address already has 864 apartments registered and occupied, while several “upcoming” Vikhroli addresses remain pre-launch. Possession here is not a future promise — completion and occupancy certificates are in hand, and residents have lived in the project since around 2021, unlike newer eastern-suburb launches such as Godrej Sky Terraces in Chembur, which sits on a later timeline. RERA registered status across all three phases (P51800000165, P51800000161, P51800000158) gives buyers a documentation trail some resale-only stock cannot match.

Vikhroli East also rides Powai’s decade of office growth next door, roughly 10 minutes by road from firms like L&T and Deloitte, which is why we grouped Hiranandani Gardens resale stock into this comparison rather than treating it as a separate market.

The table below sets out Godrej The Trees’ four configuration bands, which form the price floor and ceiling for this shortlist. Carpet area for the 2 BHK spans 559 to 1136 sqft, reflecting several distinct floor plan variants. The 3 BHK band runs 859 to 2377 sqft, a difference of nearly 1,520 sqft between the smallest and largest units. Starting prices move from Rs 1.85 Cr for the smallest 1 BHK to Rs 8.30 Cr at the penthouse end.

A recent registered average of Rs 42,700 per sqft (May 2025-April 2026) sits above the project’s longer-term median of Rs 41,000, a modest rise rather than a sharp one. For a strict Rs 5 Cr ceiling, this effectively caps buyers at the 2 BHK band and the lower half of the 3 BHK band, since 3 BHK units above roughly 1,050 sqft push past that figure at current rates. Home loan eligibility should be worked out from carpet area and rate per sqft, not just the advertised starting price.

Vikhroli East trades between the costlier Powai corridor and the more affordable Kanjurmarg-Bhandup stretch to its north. Powai’s registered range runs Rs 35,000 to Rs 48,000 per sqft, so Godrej The Trees’ Rs 42,700 average sits inside that band rather than at either extreme. Kanjurmarg and Bhandup trade at Rs 28,000 to Rs 38,000 per sqft, a discount of roughly 15-30% versus Vikhroli East depending on the pocket.

Hiranandani Gardens is the closest resale comparison here, with delivered 2-3 BHK stock at Rs 35,000-45,000 per sqft, up to Rs 7,700 per sqft cheaper than Godrej The Trees’ recent average. Rental yield across this belt runs a tight 2.8% to 3.3% gross, so the income case does not swing sharply between the two addresses. Comparable 1-2 BHK rentals fetch Rs 35,000 to Rs 55,000 per month.

The 37 resale registrations logged in Godrej The Trees’ Phase II cluster in twelve months, worth roughly Rs 116 Cr, is the data point that separates it from a typical resale listing elsewhere, where transaction counts are rarely disclosed at this granularity. It is this liquidity signal, more than headline price, that puts the project atop a 2026-focused shortlist.

Godrej The Trees sits 0.3 km from the Eastern Express Highway and 1.2 km from LBS Marg. Vikhroli railway station on the Central line is roughly 5 minutes away by road, and the JVLR link road connects toward Andheri and the SEEPZ tech park. Bandra-Kurla Complex is 30-40 minutes by road, the airport is 10-12 km away (about 30-40 minutes), and the upcoming Metro Line 4 (Wadala-Kasarvadavali) adds a rail option that most Kanjurmarg addresses do not have planned nearby.

The 34-acre campus carries 40-plus amenities, including a clubhouse, an infinity-edge swimming pool, multi-sport courts, a jogging track, landscaped gardens, tree-lined avenues, water features, a kids’ play area, a yoga and meditation zone, an amphitheatre, a cafeteria, a senior citizen corner and gated access with CCTV. That breadth is hard for an older resale building like Hiranandani Gardens to match unit for unit, even though Hiranandani’s township-level amenities across Powai remain extensive.

Godrej Properties runs three other eastern and central-suburb projects worth a look for buyers open to widening their radius. Godrej Sky Terraces in Chembur offers 3-4 BHK from Rs 6.22 Cr, above this shortlist’s Rs 5 Cr ceiling. Godrej Horizon in Wadala offers 2-3 BHK from Rs 3.37 Cr, and Godrej Urban Park in Chandivali, Powai, starts lower at Rs 1.38 Cr for 1, 2 and 3 BHK — both feature in our shortlist table below.

Ranking this shortlist means balancing ready possession, price per sqft, transaction liquidity and connectivity, and no single project wins on all four. Godrej The Trees takes the top two slots as the only entry combining occupied possession, a documented 37-transaction resale history and RERA registered status across three phases. Hiranandani Gardens earns its place on Powai’s established resale liquidity, while Godrej Urban Park and Godrej Horizon round out the list by extending the same builder’s standards into adjacent pockets at lower entry prices.

Ranks 1 and 2 are two configurations of one project, listed separately since a 2 BHK buyer at Rs 3.15 Cr and a 3 BHK buyer at Rs 4.50 Cr shop in different budget tiers even within one address. Rental yield of 2.8-3.3% gross applies broadly across ranks 1, 2 and 3, since all three sit inside the same Vikhroli-Powai catchment. Ranks 4 and 5 trade a lower entry price for distance from Vikhroli’s specific rail and highway access.

For a buyer with a firm Rs 5 Cr ceiling and zero appetite for construction risk, our recommendation is to start with Godrej The Trees’ 2 BHK band at Rs 3.15 Cr, since it clears possession, RERA and liquidity checks in one address. A buyer who needs a 3 BHK but wants to stay under budget should look at the lower end of the 859-1,050 sqft range rather than the larger 2377 sqft units, which push past Rs 5 Cr at current rates. Anyone prioritising the lowest entry price over exact address should treat Godrej Urban Park’s Rs 1.38 Cr and Godrej Horizon’s Rs 3.37 Cr starting points as the two most realistic alternatives.

Financing differs slightly across these options. A 2 BHK at Rs 3.15 Cr with an 80% home loan means roughly Rs 2.52 Cr in financed principal, versus close to Rs 3.60 Cr for a 3 BHK at Rs 4.50 Cr under the same loan-to-value assumption. Resale purchases like Hiranandani Gardens often see slightly more conservative loan-to-value ratios than builder-sold ready inventory, so confirm eligibility before making an offer. Across all five, verify RERA registered status, the possession date on the agreement, and the quoted price per sqft against registered carpet area rather than saleable area.

Godrej Sky Terraces’ Rs 6.22 Cr entry point sits above this list’s Rs 5 Cr ceiling, so it works better as a step-up option than a direct comparison. Our view is that these five entries cover the realistic spread of 2026 buyer priorities — ready possession, resale liquidity and lower entry price — better than a longer list would.

Vikhroli’s 2 and 3 BHK market in 2026 is smaller than Powai’s but more transparent, since Godrej The Trees’ registry data gives buyers 37 actual transactions to study rather than asking price alone. At Rs 3.15 Cr for a 2 BHK and Rs 4.50 Cr for a 3 BHK, both configurations fit a realistic Rs 5 Cr budget, backed by ready possession and a Rs 42,700 per sqft recent average against a Rs 41,000 median. Hiranandani Gardens remains the strongest resale alternative in Powai, while Godrej Urban Park and Godrej Horizon extend the search toward lower entry prices nearby. Verify RERA registered status, carpet area and possession date against the specific unit before signing.