MahaRERA Property Intelligence · Palghar

AAI CHANDIKA HILLS

P99000045679 · VASAI · promoter Shivam Builders Developers

Certificate SignedDue 30 Sep 2026

Delivery & Registration

MahaRERA registrationP99000045679
Registered on06 Jun 2022
Promoter-declared completion30 Sep 2026
Current statusCertificate Signed
Against today2 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.

Builder Track Record

Across MahaRERA, Shivam Builders Developers is the promoter of record on 96 projects, of which 8 carry a MahaRERA regulator flag (insolvency, deregistration, completion-lapse or QPR default). Read the pattern across the portfolio, not just this project's brochure — matched on the promoter name in the MahaRERA register.

Construction Progress

MahaRERA's cost filing puts construction at ~94.8% of the estimated project cost incurred as of the last certificate (₹28.40 Cr spent against a ₹29.96 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.

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 120 homes filed with MahaRERA, 92 are sold/booked (89 with registered agreements + 3 booked) and 28 remain available (~77% sold) — selling steadily. Buyers have committed ₹26.63 Cr in agreement value so far. Of that, ₹24.47 Cr (~92%) is already collected, ₹2.16 Cr receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

What buyers actually paid: across 92 registered agreements, the effective carpet rate is ₹8,009/sqft (typical range ₹5,673–₹9,217) — 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
BasementBASEMENT2,207 sqft (205 sqm)₹90.88 Lakh
Floor 1FIRST FLOOR5,368 sqft (498.7 sqm)₹1.80 Cr
Floor 131305400 sqft (37.2 sqm)₹16.97 Lakh
Floor 151504293 sqft (27.2 sqm)₹12.41 Lakh
Floor 151505400 sqft (37.2 sqm)₹16.97 Lakh
Floor 161604293 sqft (27.2 sqm)₹12.41 Lakh
Floor 171701358 sqft (33.25 sqm)₹15.17 Lakh
Floor 171702339 sqft (31.45 sqm)₹14.35 Lakh
Floor 2SECOUND FLOOR5,368 sqft (498.7 sqm)₹1.80 Cr
Floor 4FOURTH FLOOR3,229 sqft (300 sqm)₹1.08 Cr
Floor 5FIFTH FLOOR3,229 sqft (300 sqm)₹1.08 Cr
Floor 6602339 sqft (31.45 sqm)₹13.69 Lakh
Floor 7702339 sqft (31.45 sqm)₹13.69 Lakh
Floor 9902339 sqft (31.45 sqm)₹13.69 Lakh
Floor 9908271 sqft (25.2 sqm)₹10.97 Lakh
Ground/Floor 0SHOP NO 1355 sqft (33 sqm)₹14.63 Lakh
Ground/Floor 0SHOP NO 10320 sqft (29.7 sqm)₹13.17 Lakh
Ground/Floor 0SHOP NO 11122 sqft (11.35 sqm)₹5.03 Lakh
Ground/Floor 0SHOP NO 12175 sqft (16.22 sqm)₹7.19 Lakh
Ground/Floor 0SHOP NO 13274 sqft (25.5 sqm)₹11.30 Lakh
Ground/Floor 0SHOP NO 2369 sqft (34.3 sqm)₹15.21 Lakh
Ground/Floor 0SHOP NO 3609 sqft (56.6 sqm)₹25.09 Lakh
Ground/Floor 0SHOP NO 4523 sqft (48.55 sqm)₹21.52 Lakh
Ground/Floor 0SHOP NO 5570 sqft (53 sqm)₹23.49 Lakh
Ground/Floor 0SHOP NO 6784 sqft (72.85 sqm)₹32.29 Lakh
Ground/Floor 0SHOP NO 7499 sqft (46.35 sqm)₹20.55 Lakh
Ground/Floor 0SHOP NO 8166 sqft (15.4 sqm)₹6.83 Lakh
Ground/Floor 0SHOP NO 9161 sqft (15 sqm)₹6.65 Lakh

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing — still confirm your specific unit's status in the agreement.

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+21 and 120 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
AAI CHANDIKA HILLS1G+21120-

Unit mix on the filing: 102 residential and 18 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 2 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
31 Mar 202531 Mar 2026With reference to above subject Sir/Madam, I Vilas Madhukar Bhoir having PAN No. AIQPB2198Cam the proprietor of Shivam Builders & developers and am the owner of above-mentioned lan
31 Mar 202530 Sep 2026Respected Sir, M/S. SHIVAM BUILDERS & DEVELOPERS through Proprietor Mr. Vilas Madhukar Bhoir, Promoter of the proposed project AAI CHANDIKA HILLS, duly authorized by the promoter o

Location, Land & Connectivity

Located at VASAI, JUHUCHANDRA BAPANE ROAD, Vasai, Palghar, 401208. Per the filed land record, the plot is bounded to the north by JUCHANDRA BAPANE ROAD, to the south by PITRUCHHAYA BUNGLOW, to the east by S NO 119 H NO 4 and to the west by SATGURU KRUPA BUNGLOW. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

🔒 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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Other RERA-registered projects in Vasai East

Samruddhi Ind. Estate
possession by Jul 2026 · Krisha Buildtech LLP
Armaan Crystal Uptown
possession by Aug 2026 · Armaan Housing LLP
Nakshatra Aarambh
possession by Sep 2026 · JSB Shelters LLP
Dreams Heights Building NO- I
possession by Sep 2026 · Lodha Builders AND Developers
Trinity Oasis
possession by Sep 2026 · Harsh Tirupati Developers LLP
Ornate Heights Phase I
possession by Oct 2026 · Ornate City Developers

Major developers building in Vasai East

Other RERA-registered projects in Palghar

Aakaar Pride
declared completion Mar 2019 · Aakaar Gruhswapna Private Limited
Aakash Complex
possession by Nov 2026 · Lxmi Infra
Aaradhya Pride
possession by Dec 2028 · Vivek Umashankar Gupta
Aarambh
declared completion Jan 2024 · TDM Developers LLP
Aarambh
declared completion Dec 2023 · THE Park Realty
Aarambh
possession by Dec 2031 · Ramara Developers

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