Ajmera Arham
MahaRERA Property Intelligence · Mumbai Suburban
P51800032829 · Malad West · promoter Leo Realtors
| MahaRERA registration | P51800032829 |
| Registered on | 02 Feb 2022 |
| Promoter-declared completion | 31 Mar 2026 |
| Current status | Certificate Signed |
| Against today | about 4 months past 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 ~75.7% of the estimated project cost incurred as of the last certificate (₹90.20 Cr spent against a ₹119.16 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. The declared completion date has already passed while the cost-incurred filing sits at ~75.7% — a wide gap between the promise and the money actually spent on site.
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 304 homes filed with MahaRERA, 232 are sold/booked (210 with registered agreements + 22 booked) and 72 remain available (~76% sold) — selling steadily. Buyers have committed ₹337.68 Cr in agreement value so far. Of that, ₹169.78 Cr (~50%) is already collected, ₹168.90 Cr receivable — a read on how far along these sales really are. Note: the project registers 313 homes in total, but this sold/unsold inventory filing covers only 304 of them — the other 9 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 231 registered agreements, the effective carpet rate is ₹24,867/sqft (typical range ₹22,794–₹28,503) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
⚠ The inventory filing also declares: 9 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+24 and 313 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| 9, Business Bay | 1 | G+24 | 313 | - |
Unit mix on the filing: 313 non-residential (shops/offices).
4 complaints are on the MahaRERA record for this project, with orders passed in 4. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000500511 | 22/05/2024 | HUDDA ASSOCIATES vs Ravi Banka | order passed |
| CC006000000292279 | 12/08/2022 | VISHAL SURENDRANATH KANDHARI vs M/s. Leo Realtors | order passed |
| CC006000000303442 | 28/11/2022 | Nitin Chaitanya Bansal vs Mr HARESH SANGHVI | order passed |
| CC006000000500675 | 03/06/2024 | LEO REALTORS vs Kirti Kanodia | order passed |
The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 |
|---|---|---|
| 31 Mar 2025 | 31 Mar 2026 | As per the original project timeline, the construction was expected to be completed by 31/03/2025. However, despite our best efforts, the completion has been delayed due to several |
Located at Malad West, Mind Space, Andheri, Mumbai Suburban, 400064. Per the filed land record, the plot is bounded to the north by CTS No 1069 B, to the south by CTS No 1069A 2 1, to the east by 18 30 Mtr Wide DP Road and to the west by CTS No 1406. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~8240 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Nariman Point / Fort | 8238 km |
| Lower Parel / Worli business district | 8240 km |
| Chhatrapati Shivaji Int'l Airport | 8244 km |
| Bandra Kurla Complex (BKC) | 8244 km |
| Andheri MIDC / SEEPZ | 8245 km |
| Powai / Hiranandani business park | 8249 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 9, Business Bay?
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
The regulator’s filing record, read · 1 working day
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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Last checked against the RERA register: 27 Jul 2026