MahaRERA Property Intelligence · Mumbai Suburban
P51800006324 · TUNGVE · promoter The Cannonade Construction
| MahaRERA registration | P51800006324 |
| Registered on | 14 Aug 2017 |
| Promoter-declared completion | 30 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 months to the declared date |
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.
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.
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:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Basement | B1 | 999 sqft (92.8 sqm) | ₹3.50 Cr |
| Floor 1 | 101 | 649 sqft (60.25 sqm) | ₹2.27 Cr |
| Floor 1 | 102 | 688 sqft (63.9 sqm) | ₹2.41 Cr |
| Floor 7 | 701 | 1,682 sqft (156.3 sqm) | ₹5.89 Cr |
| Floor 7 | 702 | 1,793 sqft (166.6 sqm) | ₹6.28 Cr |
| Floor 7 | 703 | 729 sqft (67.7 sqm) | ₹2.55 Cr |
| Floor 7 | 704 | 695 sqft (64.6 sqm) | ₹2.43 Cr |
| Floor 7 | 705 | 829 sqft (77 sqm) | ₹2.90 Cr |
| Floor 7 | 706 | 355 sqft (33 sqm) | ₹1.24 Cr |
| Floor 7 | 707 | 695 sqft (64.6 sqm) | ₹2.43 Cr |
| Floor 7 | 708 | 715 sqft (66.4 sqm) | ₹2.50 Cr |
| Ground/Floor 0 | G1 | 692 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.
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.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| 55 CORPORATE AVENUE BUILDING NO 2 | 1 | G+10 | 60 | - |
Unit mix on the filing: 60 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
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 2024 | 30 Dec 2024 | Project 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 2024 | 30 Dec 2022 | Immediately 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 2021 | 30 Dec 2025 | We 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 2021 | 30 Dec 2026 | we 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 |
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.
The nearest major job hub is ~2 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Powai / Hiranandani business park | 2 km |
| Chhatrapati Shivaji Int'l Airport | 3 km |
| Andheri MIDC / SEEPZ | 4 km |
| Bandra Kurla Complex (BKC) | 5 km |
| Lower Parel / Worli business district | 13 km |
| Nariman Point / Fort | 21 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.
🔒 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.
🔒 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.
Should you buy in 55 CORPORATE AVENUE BUILDING NO 2?
This page is the free MahaRERA filing summary. The full RERA Property Intelligence Report gives you the full regulatory standing, declared court litigation, buyer-complaint and adjudication history, quarterly-progress-report discipline, the builder's MahaRERA-wide track record, the building/tower breakdown, and the sanctioned layout plan. See a real one first:
Sample: Lodha Kandivali – Tower 2 → · browse all sample reports →
Compliance Report · ₹999
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Unit Guidance Report · ₹2,999
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Last checked against the RERA register: 27 Jul 2026