MahaRERA Property Intelligence · Mumbai Suburban

55 CORPORATE AVENUE BUILDING NO 2

P51800006324 · TUNGVE · promoter The Cannonade Construction

Certificate SignedDue 30 Dec 2026

Delivery & Registration

MahaRERA registrationP51800006324
Registered on14 Aug 2017
Promoter-declared completion30 Dec 2026
Current statusCertificate Signed
Against today5 months to the declared date

Regulatory Standing

MahaRERA's own defaulter/deregistration lists and the project's quarterly-progress-report filing — the regulator's view of whether this project is in good standing.

Construction Progress

MahaRERA's cost filing puts construction at ~48.9% of the estimated project cost incurred as of the last certificate (₹44.14 Cr spent against a ₹90.32 Cr estimate). This financial % is the regulator's own proxy for how much is physically built — the closest public read on real progress, and one a brochure never shows. With only ~5 months to the declared date and ~48.9% of the cost incurred, ask the promoter how the balance gets built in the time left.

Cost-incurred % as last certified to MahaRERA; it can lag on-site reality between filings. Confirm the current stage and the latest Form 2 before you book.

Sales & Inventory

Of 32 homes filed with MahaRERA, 20 are sold/booked and 12 remain available (~62% sold) — selling steadily. Buyers have committed ₹11.44 Cr in agreement value so far. Of that, ₹10.93 Cr (~96%) is already collected, ₹50.76 Lakh receivable — a read on how far along these sales really are. Note: the project registers 60 homes in total, but this sold/unsold inventory filing covers only 32 of them — the other 28 aren't in the ledger yet. Ask the builder what they are (an unreleased phase, held-back stock, or non-saleable/car-park units) before reading too much into the percentage. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

What buyers actually paid: across 20 registered agreements, the effective carpet rate is ₹5,749/sqft (typical range ₹4,408–₹14,153) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

The unsold units on the filing — if you're quoted a unit NOT on this list, ask why it shows as sold/booked on the RERA record:

FloorUnitCarpetReckoner value
BasementB1999 sqft (92.8 sqm)₹3.50 Cr
Floor 1101649 sqft (60.25 sqm)₹2.27 Cr
Floor 1102688 sqft (63.9 sqm)₹2.41 Cr
Floor 77011,682 sqft (156.3 sqm)₹5.89 Cr
Floor 77021,793 sqft (166.6 sqm)₹6.28 Cr
Floor 7703729 sqft (67.7 sqm)₹2.55 Cr
Floor 7704695 sqft (64.6 sqm)₹2.43 Cr
Floor 7705829 sqft (77 sqm)₹2.90 Cr
Floor 7706355 sqft (33 sqm)₹1.24 Cr
Floor 7707695 sqft (64.6 sqm)₹2.43 Cr
Floor 7708715 sqft (66.4 sqm)₹2.50 Cr
Ground/Floor 0G1692 sqft (64.33 sqm)₹2.42 Cr

⚠ The inventory filing also declares: 28 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

Buildings & Wings

The buildings and wings registered under this project, with each tower's sanctioned height and declared completion date. Here the tallest tower rises to G+10 and 60 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
55 CORPORATE AVENUE BUILDING NO 21G+1060-

Unit mix on the filing: 60 non-residential (shops/offices).

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 4 times. Each extension is the regulator letting the finish line move — the clearest evidence of delivery slippage, straight from the record.

From (declared)To (revised)Stated reason
30 Dec 202430 Dec 2024Project is constructed in full. All Development work is also completed. However Final Occupancy Certificate from MCGM ( Approval Authority ) is yet to get. We require further time
30 Dec 202430 Dec 2022Immediately thereafter COVID set in whereby everything was in a lockdown stage and our building was selected by the Municipal Corporation of Greater Mumbai for taking over the buil
30 Dec 202130 Dec 2025We had completed entire development work. However after completion Air Port Authority of India has directed us to demolish overhead water tank and reduce the height of structure. H
30 Dec 202130 Dec 2026we had completed our project in full. As per direction from Airport Authority we had also made necessary changes and applied for Air Port Authority NOC which is mandatory for OC. W

Location, Land & Connectivity

Located at TUNGVE, SAKIVIHAR ROAD, Andheri, Mumbai Suburban, 400072. Per the filed land record, the plot is bounded to the north by DP ROAD, to the south by CTS NO 184 B, to the east by CTS NO 182C and to the west by CTS NO 184 D. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~2 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Powai / Hiranandani business park2 km
Chhatrapati Shivaji Int'l Airport3 km
Andheri MIDC / SEEPZ4 km
Bandra Kurla Complex (BKC)5 km
Lower Parel / Worli business district13 km
Nariman Point / Fort21 km

Straight-line distances from the geocoded project locality (the RERA address is an area, not a door) — directional, not door-to-door drive times. Check the actual road route, the nearest metro station and daily-need shops/schools/hospitals on a site visit.

🔒 The verdict & buyer playbook · Compliance report

The paid report opens with the overall risk read on this MahaRERA filing, exactly what I'd do as a buyer in this project, who it suits, and the questions to put to the promoter before you commit.

Unlock in the ₹999 report →

🔒 Unit-by-unit guidance · Unit Guidance report

Which building/wing and unit to prefer and the sanctioned-plan read for this project — the ₹2,999 guidance layer.

Unlock in the ₹2,999 report →

🔒 Full financial records — escrow, funding & the document catalog · Compliance report

The RERA 70% designated-escrow account activity, the declared means-of-finance, the professionals of record, and every document filed with MahaRERA — the raw records the read above is built on.

Unlock in the ₹999 report →

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What to verify before you book

  1. Confirm the MahaRERA registration is live and read the project page on the MahaRERA portal for the sanctioned plan, approvals and the promoter's quarterly progress reports.
  2. Check the declared completion date against actual site progress — registration is not the same as a delivered, occupancy-certified building.
  3. Verify the exact carpet area, floor and unit number in your agreement match the sanctioned plan (not the brochure's saleable area).
  4. Confirm the title, the 7/12 land extract and that your payments go to the project's designated RERA escrow account.

Flags are from MahaRERA's own published problem lists — not a claim about the developer's intent. Explore every flagged project on our Mumbai, Thane & the MMR RERA red-flag register.

Last checked against the RERA register: 27 Jul 2026