Upvan Developers
MahaRERA Property Intelligence · Mumbai Suburban
P51800029353 · Malad (East) · promoter Upvan Developers
| MahaRERA registration | P51800029353 |
| Registered on | 18 May 2021 |
| Promoter-declared completion | 30 Jun 2026 |
| Current status | Certificate Signed |
| Against today | about 1 months past 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, Upvan Developers is the promoter of record on 2 projects, of which none currently 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 ~70.8% of the estimated project cost incurred as of the last certificate (₹64.87 Cr spent against a ₹91.60 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. The declared completion date has already passed while the cost-incurred filing sits at ~70.8% — a wide gap between the promise and the money actually spent on site.
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 60 homes filed with MahaRERA, 51 are sold/booked (46 with registered agreements + 5 booked) and 9 remain available (~85% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹116.02 Cr in agreement value so far. Of that, ₹80.76 Cr (~70%) is already collected, ₹35.26 Cr receivable — a read on how far along these sales really are. Note: the project registers 68 homes in total, but this sold/unsold inventory filing covers only 60 of them — the other 8 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 51 registered agreements, the effective carpet rate is ₹23,168/sqft (typical range ₹20,387–₹28,628) — 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 11 | 1101 | 801 sqft (74.4 sqm) | ₹1.43 Cr |
| Floor 12 | 1203 | 801 sqft (74.4 sqm) | ₹1.43 Cr |
| Floor 16 | 1604 | 804 sqft (74.7 sqm) | ₹1.44 Cr |
| Floor 2 | 202 | 1,183 sqft (109.93 sqm) | ₹1.92 Cr |
| Floor 3 | 302 | 1,183 sqft (109.93 sqm) | ₹1.92 Cr |
| Floor 3 | 305 | 1,180 sqft (109.62 sqm) | ₹1.92 Cr |
| Floor 4 | 403 | 799 sqft (74.24 sqm) | ₹1.30 Cr |
| Floor 4 | 404 | 799 sqft (74.24 sqm) | ₹1.30 Cr |
| Floor 6 | 602 | 1,183 sqft (109.93 sqm) | ₹2.02 Cr |
⚠ The inventory filing also declares: 8 reserved. 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+26 and 68 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Astrum | 1 | G+26 | 68 | - |
Unit mix on the filing: 68 residential.
1 complaint is on the MahaRERA record for this project, with orders passed in 0. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC12602768 | 12/05/2026 | Sunnil S Kurup vs Upvan Developers | pending / no order on file |
The promoter has declared 2 court cases on this project to MahaRERA. 2 are still pending. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| High Court Of Judicature At Bombay | 25461 | 2016 | Pending |
| High Court Of Judicature At Bombay | 2144 | 2016 | Pending |
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 2024 | 31 Dec 2025 | Following are the reasons for delay in construction works of the captioned Project: a. Immediately as we commenced the works of shore piling and excavation in November, 2021, the |
| 31 Dec 2024 | 30 Jun 2026 | Following are the reasons for delay in construction works of Astrum (“Project”): a. Immediately as we commenced the works of shore piling and excavation,we realized that the rock u |
Located at Malad (East), Upper Govind Nagar, Borivali, Mumbai Suburban, 400097. Per the filed land record, the plot is bounded to the north by CTS No 97A 2C 3, to the south by CTS No 97A 2C 1, to the east by CTS No 97A 2C 5 and to the west by CTS No 97A 5 4. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~5 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 5 km |
| Powai / Hiranandani business park | 8 km |
| Chhatrapati Shivaji Int'l Airport | 10 km |
| Bandra Kurla Complex (BKC) | 12 km |
| Lower Parel / Worli business district | 20 km |
| Nariman Point / Fort | 28 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 Astrum?
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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Upvan Developers 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).
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