Sanjaykumar Makanji Kotak Thakkar
MahaRERA Property Intelligence · Thane
P51700080193 · SHIVAJI NAGAR · promoter Sanjaykumar Makanji Kotak
| MahaRERA registration | P51700080193 |
| Registered on | 06 May 2025 |
| Promoter-declared completion | 31 Dec 2029 |
| Current status | Certificate Signed |
| Against today | 41 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.
Across MahaRERA, Sanjaykumar Makanji Kotak is the promoter of record on 7 projects, of which 2 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.
MahaRERA's cost filing puts construction at ~21.1% of the estimated project cost incurred as of the last certificate (₹1.59 Cr spent against a ₹7.54 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.
Of 38 homes filed with MahaRERA, 5 are sold/booked (4 with registered agreements + 1 booked) and 33 remain available (~13% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹1.99 Cr in agreement value so far. Of that, ₹75.40 Lakh (~38%) is already collected, ₹1.24 Cr receivable — a read on how far along these sales really are. Note: the project registers 49 homes in total, but this sold/unsold inventory filing covers only 38 of them — the other 11 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 5 registered agreements, the effective carpet rate is ₹7,405/sqft (typical range ₹7,374–₹9,171) — 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 |
|---|---|---|---|
| Floor 1 | 101 | 396 sqft (36.76 sqm) | ₹21.92 Lakh |
| Floor 1 | 102 | 567 sqft (52.69 sqm) | ₹31.42 Lakh |
| Floor 1 | 103 | 404 sqft (37.51 sqm) | ₹22.37 Lakh |
| Floor 2 | 201 | 396 sqft (36.76 sqm) | ₹21.92 Lakh |
| Floor 2 | 203 | 404 sqft (37.51 sqm) | ₹22.37 Lakh |
| Floor 2 | 204 | 404 sqft (37.51 sqm) | ₹22.37 Lakh |
| Floor 3 | 301 | 396 sqft (36.76 sqm) | ₹21.92 Lakh |
| Floor 3 | 303 | 404 sqft (37.51 sqm) | ₹22.37 Lakh |
| Floor 3 | 304 | 404 sqft (37.51 sqm) | ₹22.37 Lakh |
| Floor 4 | 401 | 396 sqft (36.76 sqm) | ₹21.92 Lakh |
| Floor 4 | 403 | 404 sqft (37.51 sqm) | ₹22.37 Lakh |
| Floor 4 | 404 | 404 sqft (37.51 sqm) | ₹22.37 Lakh |
| Floor 5 | 501 | 309 sqft (28.75 sqm) | ₹17.14 Lakh |
| Floor 5 | 502 | 489 sqft (45.39 sqm) | ₹27.06 Lakh |
| Floor 5 | 503 | 349 sqft (32.44 sqm) | ₹19.34 Lakh |
| Floor 5 | 504 | 349 sqft (32.44 sqm) | ₹19.34 Lakh |
| Floor 5 | 505 | 289 sqft (26.84 sqm) | ₹16.00 Lakh |
| Floor 5 | 506 | 309 sqft (28.69 sqm) | ₹17.10 Lakh |
| Floor 5 | 507 | 398 sqft (36.96 sqm) | ₹22.04 Lakh |
| Floor 6 | 601 | 309 sqft (28.75 sqm) | ₹17.14 Lakh |
| Floor 6 | 602 | 489 sqft (45.39 sqm) | ₹27.06 Lakh |
| Floor 6 | 603 | 349 sqft (32.44 sqm) | ₹19.34 Lakh |
| Floor 6 | 604 | 349 sqft (32.44 sqm) | ₹19.34 Lakh |
| Floor 6 | 605 | 289 sqft (26.84 sqm) | ₹16.00 Lakh |
| Floor 6 | 606 | 309 sqft (28.69 sqm) | ₹17.10 Lakh |
| Floor 6 | 607 | 398 sqft (36.96 sqm) | ₹22.04 Lakh |
| Floor 7 | 701 | 309 sqft (28.75 sqm) | ₹17.14 Lakh |
| Floor 7 | 702 | 489 sqft (45.39 sqm) | ₹27.06 Lakh |
| Floor 7 | 703 | 349 sqft (32.44 sqm) | ₹19.34 Lakh |
| Floor 7 | 704 | 349 sqft (32.44 sqm) | ₹19.34 Lakh |
| Floor 7 | 706 | 309 sqft (28.69 sqm) | ₹17.10 Lakh |
| Floor 7 | 707 | 398 sqft (36.96 sqm) | ₹22.04 Lakh |
| Ground/Floor 0 | Shop no 1 | 1,172 sqft (108.9 sqm) | ₹1.02 Cr |
⚠ The inventory filing also declares: 11 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+7 and 49 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| ASHAPURA RIDDHI TOWER | 1 | G+7 | 49 | - |
Unit mix on the filing: 48 residential and 1 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.
Located at SHIVAJI NAGAR, SHIVAJI NAGAR, Kalyan, Thane, 421201. Per the filed land record, the plot is bounded to the north by Kulswamini Building, to the south by Open Land, to the east by DP Road and to the west by Ragai Sawali Building. 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.
🔒 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 ASHAPURA RIDDHI TOWER?
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
Scan with any UPI app to pay · quietlist@kotak
Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
Not useful to your decision? Full refund — no questions asked.
Scan with any UPI app to pay · quietlist@kotak
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.
Free · Watch this project
We'll email you when this project's RERA record changes.
Sanjaykumar Makanji Kotak Thakkar is the promoter on 3 MahaRERA-registered projects, of which 1 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:
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