Krishna Square
MahaRERA Property Intelligence · Thane
P51700078444 · KALYAN · promoter Prachiti Constructions
| MahaRERA registration | P51700078444 |
| Registered on | 12 Dec 2024 |
| Promoter-declared completion | 31 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 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, Prachiti Constructions is the promoter of record on 3 projects, of which 1 carries 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 ~73.4% of the estimated project cost incurred as of the last certificate (₹4.69 Cr spent against a ₹6.40 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 34 homes filed with MahaRERA, 10 are sold/booked and 24 remain available (~29% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹2.89 Cr in agreement value so far. Of that, ₹1.70 Cr (~59%) is already collected, ₹1.18 Cr receivable — a read on how far along these sales really are. Note: the project registers 52 homes in total, but this sold/unsold inventory filing covers only 34 of them — the other 18 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 10 registered agreements, the effective carpet rate is ₹9,057/sqft (typical range ₹7,860–₹11,322) — 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 | 1 | 359 sqft (33.39 sqm) | ₹21.67 Lakh |
| Floor 1 | 2 | 294 sqft (27.32 sqm) | ₹17.73 Lakh |
| Floor 1 | 3 | 388 sqft (36.05 sqm) | ₹23.40 Lakh |
| Floor 1 | 4 | 286 sqft (26.59 sqm) | ₹17.26 Lakh |
| Floor 1 | 5 | 349 sqft (32.46 sqm) | ₹21.07 Lakh |
| Floor 1 | 6 | 504 sqft (46.85 sqm) | ₹30.41 Lakh |
| Floor 1 | 7 | 346 sqft (32.14 sqm) | ₹20.86 Lakh |
| Floor 2 | 1 BHK / 203 | 309 sqft (28.72 sqm) | ₹16.17 Lakh |
| Floor 2 | 1 BHK / 205 | 316 sqft (29.38 sqm) | ₹16.54 Lakh |
| Floor 3 | 1 BHK / 302 | 315 sqft (29.3 sqm) | ₹16.50 Lakh |
| Floor 4 | 1 BHK / 401 | 322 sqft (29.89 sqm) | ₹16.83 Lakh |
| Floor 5 | 1 BHK / 501 | 322 sqft (29.89 sqm) | ₹16.83 Lakh |
| Floor 6 | 1 BHK / 601 | 322 sqft (29.89 sqm) | ₹16.83 Lakh |
| Floor 6 | 1 BHK / 605 | 316 sqft (29.38 sqm) | ₹16.54 Lakh |
| Floor 7 | 1 BHK / 701 | 322 sqft (29.89 sqm) | ₹16.83 Lakh |
| Floor 7 | 1 BHK / 702 | 315 sqft (29.3 sqm) | ₹16.50 Lakh |
| Floor 7 | 1 BHK / 703 | 309 sqft (28.72 sqm) | ₹16.17 Lakh |
| Floor 7 | 1 BHK / 704 | 319 sqft (29.68 sqm) | ₹16.71 Lakh |
| Floor 7 | 1 BHK / 705 | 316 sqft (29.38 sqm) | ₹16.54 Lakh |
| Floor 7 | 1 BHK / 706 | 267 sqft (24.82 sqm) | ₹13.97 Lakh |
| Ground/Floor 0 | 1 | 187 sqft (17.36 sqm) | ₹12.22 Lakh |
| Ground/Floor 0 | 2 | 196 sqft (18.23 sqm) | ₹12.83 Lakh |
| Ground/Floor 0 | 7 | 131 sqft (12.15 sqm) | ₹8.55 Lakh |
| Ground/Floor 0 | 8 | 160 sqft (14.86 sqm) | ₹10.46 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.
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+6 and 52 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| ASHWATHI HEIGHTS | 1 | G+6 | 52 | - |
Unit mix on the filing: 36 residential and 16 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.
The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 Dec 2025 | 31 Dec 2026 | Due to the on going heavy rains and monsoon of July and August 2025, we expect some delay in completion of internal works and hence there will be some delay in obtaining the comple |
Located at KALYAN, MAHARASHTRA, Kalyan, Thane, 421306. Per the filed land record, the plot is bounded to the north by SAIDHAM SOCIETY, to the south by ROAD, to the east by 15 SQ MTRS DP ROAD and to the west by TAIBAI CHAWL. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~27 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Powai / Hiranandani business park | 27 km |
| Andheri MIDC / SEEPZ | 30 km |
| Chhatrapati Shivaji Int'l Airport | 33 km |
| Bandra Kurla Complex (BKC) | 34 km |
| Lower Parel / Worli business district | 41 km |
| Nariman Point / Fort | 47 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.
🔒 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 ASHWATHI HEIGHTS?
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
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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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