MahaRERA Property Intelligence · Mumbai Suburban

AJMERA ICONIC

P51800013436 · promoter Group

Certificate SignedDue 30 Dec 2031

Delivery & Registration

MahaRERA registrationP51800013436
Registered on05 Oct 2017
Promoter-declared completion30 Dec 2031
Current statusCertificate Signed
Against today65 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 ~33.8% of the estimated project cost incurred as of the last certificate (₹41.87 Cr spent against a ₹123.98 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 98 homes filed with MahaRERA, 10 are sold/booked and 88 remain available (~10% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹17.25 Cr in agreement value so far. Of that, ₹10.99 Cr (~64%) is already collected, ₹6.26 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 10 registered agreements, the effective carpet rate is ₹24,233/sqft (typical range ₹17,901–₹25,713) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

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+54 and 98 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
BLDG NO21G+5498-

Unit mix on the filing: 98 residential.

Complaints & Orders

1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00600000034417616/02/2023Rahul De vs M/S. M.K. Grouporder passed

Legal & Litigation

The promoter has declared 1 court case on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.

CourtCase no.YearStatus
High Court Of Mumbai17992011Ongoing

Location, Land & Connectivity

Located at Near Terapant Bhavan, Mumbai City, Mumbai City, 400101. Per the filed land record, the plot is bounded to the north by HIGH TENSION WIRES, to the south by PROPOSED BUILDING NO 3 WITH ITS PODIUM, to the east by CTS NO 575 and to the west by PROPOSED BUILDING NO 5 WITH ITS PODIUM. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~12 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Andheri MIDC / SEEPZ12 km
Powai / Hiranandani business park15 km
Chhatrapati Shivaji Int'l Airport17 km
Bandra Kurla Complex (BKC)19 km
Lower Parel / Worli business district27 km
Nariman Point / Fort35 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 (QPR non-filer)

  1. Cross-check the developer's last QPR filing date on the MahaRERA portal — non-filing can indicate stalled construction.
  2. Visit the site (or request a third-party inspection report) to verify actual construction progress.
  3. If no QPR has been filed for more than two quarters, file a complaint with MahaRERA for non-disclosure.

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