MahaRERA Property Intelligence · Mumbai City

AKSHAY

P51900021927 · Worli · promoter Lalitambika Builders Developers

Certificate SignedDue 29 Dec 2026

Delivery & Registration

MahaRERA registrationP51900021927
Registered on08 Aug 2019
Promoter-declared completion29 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 ~100.0% of the estimated project cost incurred as of the last certificate (₹31.90 Cr spent against a ₹31.90 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 95 homes filed with MahaRERA, 95 are sold/booked and 0 remain available (~100% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹153.19 Cr in agreement value so far. Of that, ₹151.69 Cr (~99%) is already collected, ₹1.50 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 95 registered agreements, the effective carpet rate is ₹33,200/sqft (typical range ₹30,127–₹38,898) — 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+21 and 95 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
AKSHAY WING A and B1G+2195-

Unit mix on the filing: 93 residential and 2 non-residential (shops/offices).

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
CC00600000017170130/11/2019Shaikh Sajid Khurshid vs Rakesh Shashikant Mehta , Lalitambika Builders & Developers Pvt.Ltd.order passed

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 3 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 202329 Dec 2024The project Akshay comprising of one sale building is completed in all respects and infact occupancy permissions for all the flats in the sale building have been issued by MCGM aut
30 Dec 202329 Dec 2025Reason for Extension and status of Project : 3.1 The Project ‘Akshay’ is comprising of Wing A and Wing B being the sale component in the subject property. The remaining Wing C and
30 Dec 202329 Dec 2026Reason for Extension and status of Project : 3.1 The Project ‘Akshay’ is comprising of Wing A and Wing B being the sale component in the subject property. 3.2 The MCG

Location, Land & Connectivity

Located at Worli, S. S. Amrutwar Marg, Andheri, Mumbai Suburban, 400013. Per the filed land record, the plot is bounded to the north by CS No 286 part , to the south by 12 mt wide D P road , to the east by CS No 476 and to the west by D P Road . Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~1 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Lower Parel / Worli business district1 km
Bandra Kurla Complex (BKC)9 km
Nariman Point / Fort9 km
Chhatrapati Shivaji Int'l Airport11 km
Andheri MIDC / SEEPZ15 km
Powai / Hiranandani business park15 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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Adi Darsshan
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Aetheria Tower
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Ison Height
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Siddharth Enclave
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Major developers building in Lower Parel

Other RERA-registered projects in Mumbai City

AL Amir Apartment
declared completion Jul 2024 · Janzeb Amirkamal Khan
AL Fatema Heights
declared completion Mar 2026 · Lucky Alamdar Developer
Al - Haram Residency
possession by Dec 2026 · M/s K. S. Hind Developers
AL-Madina CHS
possession by Mar 2029 · AR Group Realty
AL Mehdi Heights
declared completion Dec 2023 · AL Haadi Developers
AL-Rayyan
declared completion Dec 2025 · M/s. KSA Realty Private Limited

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