Lodha Kandivali Project - Tower 2
MahaRERA Property Intelligence · Mumbai Suburban
P51800012142 · Kandivali · promoter Radheshyam Developers
| MahaRERA registration | P51800012142 |
| Registered on | 01 Sep 2017 |
| Promoter-declared completion | 31 Oct 2026 |
| Current status | Certificate Signed |
| Against today | 3 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, Radheshyam Developers is the promoter of record on 21 projects, of which 5 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 ~46.8% of the estimated project cost incurred as of the last certificate (₹35.07 Cr spent against a ₹75.00 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. With only ~3 months to the declared date and ~46.8% of the cost incurred, ask the promoter how the balance gets built in the time left.
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 107 homes filed with MahaRERA, 62 are sold/booked (45 with registered agreements + 17 booked) and 45 remain available (~58% sold) — selling steadily. Buyers have committed ₹32.99 Cr in agreement value so far. Of that, ₹23.88 Cr (~72%) is already collected, ₹9.10 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 50 registered agreements, the effective carpet rate is ₹16,325/sqft (typical range ₹13,223–₹17,908) — 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.
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+23 and 107 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Shivam Aspire | 1 | G+23 | 107 | 31 Dec 2025 |
Unit mix on the filing: 107 residential.
2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000197008 | 20/05/2021 | Deepak JhaverI vs Radheshyam Developers | order passed |
| CC006000000480059 | 20/04/2024 | Anil Rajendra Yadav vs Aspire Shivam | order passed |
The promoter has had the MahaRERA completion deadline formally extended 2 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 |
|---|---|---|
| 31 Dec 2025 | 31 Dec 2025 | In accordance with circular no 28, we hereby apply for extension of our project u/s 7(3) in Format B. The project was delayed for reasons beyond our control on account of various r |
| 30 Dec 2023 | 31 Oct 2026 | We apologize for the delay in the completion of the project and the submission of this request. The delay has occurred due to unforeseen circumstances, including procurement issues |
Located at Kandivali, Hanuman Nagar, Mumbai City, Mumbai City, 400101. Per the filed land record, the plot is bounded to the north by Akurli Road, to the south by CTS No 163A part of Village Akurli R South, to the east by 18 meters wide Proposed DP Road and to the west by Sports Authority of India. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~12 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 12 km |
| Powai / Hiranandani business park | 15 km |
| Chhatrapati Shivaji Int'l Airport | 17 km |
| Bandra Kurla Complex (BKC) | 19 km |
| Lower Parel / Worli business district | 27 km |
| Nariman Point / Fort | 35 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 Aspire?
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