MahaRERA Property Intelligence · Raigarh

ASHTAVINAYAK MIRACLE

P52000053891 · PUSHPAK DAPOLI · promoter Group

Certificate SignedDue 31 Dec 2028

Delivery & Registration

MahaRERA registrationP52000053891
Registered on08 Dec 2023
Promoter-declared completion31 Dec 2028
Current statusCertificate Signed
Against today29 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 ~63.3% of the estimated project cost incurred as of the last certificate (₹14.95 Cr spent against a ₹23.64 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 56 homes filed with MahaRERA, 50 are sold/booked (43 with registered agreements + 7 booked) and 6 remain available (~89% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹17.71 Cr in agreement value so far. Of that, ₹15.51 Cr (~88%) is already collected, ₹5.31 Cr receivable — a read on how far along these sales really are. Note: the project registers 153 homes in total, but this sold/unsold inventory filing covers only 56 of them — the other 97 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 50 registered agreements, the effective carpet rate is ₹8,609/sqft (typical range ₹5,724–₹11,242) — 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
Floor 101014321 sqft (29.82 sqm)₹14.92 Lakh
Floor 111103517 sqft (48.04 sqm)₹24.04 Lakh
Floor 111109 & 1110898 sqft (83.41 sqm)₹41.74 Lakh
Floor 111111 & 1112898 sqft (83.4 sqm)₹41.73 Lakh
Floor 9909517 sqft (48.04 sqm)₹24.04 Lakh
Ground/Floor 09278 sqft (25.84 sqm)₹11.53 Lakh

⚠ The inventory filing also declares: 97 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+13 and 153 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
ASHTAVINAYAK MIRACLE1G+1315331 Dec 2028

Unit mix on the filing: 142 residential and 11 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.

Location, Land & Connectivity

Located at PUSHPAK DAPOLI, PLOT NO 6, SECTOR 8, Panvel, Raigarh, 410221. Per the filed land record, the plot is bounded to the north by PLOT NO 5, to the south by PLOT NO 7, to the east by PLOT NO 16 AND 17 and to the west by 20 MTR WIDE ROAD. 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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Builder track record

S G Group is the promoter on 2 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

Other flagged projects by S G Group

Other RERA-registered projects in Panvel

SAI Deep Residency
possession by Aug 2026 · Not Available
Godrej Golf Side Estate
possession by Sep 2026 · Godrej Hillside Properties Private Limit
The Highlands, Godrej City, Panvel
possession by Sep 2026 · Caroa Properties LLP
Jai Mata Di
possession by Nov 2026 · Vraj Developers
Ashtavinayak Diamond
possession by Dec 2026 · S G Group
Dharti Corner
possession by Dec 2026 · Dharti Buildcon

Major developers building in Panvel

Other RERA-registered projects in Raigarh

Ashtavinayak Pearl
declared completion May 2025 · Ashtavinayak Construction
Ashtavinayak Plaza
declared completion Dec 2021 · N V Group
Ashtavinayak Residency
declared completion Jun 2023 · Omnath Laxman Ulvekar
Ashtavinayak Riverside
possession by Dec 2030 · M/s Ashtavinayak Enterprises
Ashtavinayak Sneh
declared completion Mar 2022 · Aai Land Developers
Ashtavinayak Ultramodern Township Phase 1
declared completion Jun 2022 · Shankheshwar Realty

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