SRI Balaji Developer
MahaRERA Property Intelligence · Thane
P51700010106 · promoter Sri Balaji Developer
| MahaRERA registration | P51700010106 |
| Registered on | 24 Aug 2017 |
| 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.
MahaRERA's cost filing puts construction at ~28.2% of the estimated project cost incurred as of the last certificate (₹8.07 Cr spent against a ₹28.59 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 ~5 months to the declared date and ~28.2% 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 143 homes filed with MahaRERA, 100 are sold/booked (41 with registered agreements + 59 booked) and 43 remain available (~70% sold) — selling steadily. Buyers have committed ₹39.30 Cr in agreement value so far. Of that, ₹18.69 Cr (~48%) is already collected, ₹20.61 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 100 registered agreements, the effective carpet rate is ₹4,300/sqft (typical range ₹3,220–₹5,994) — 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+17 and 143 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| BUILDING NO 13 TYPE - 01 - WING - B | 1 | G+17 | 72 | - |
| BUILDING NO 14 TYPE 01 - WING - B1 | 1 | G+17 | 71 | - |
Unit mix on the filing: 120 residential and 23 non-residential (shops/offices).
1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000001168 | 25/10/2017 | SHEWARAM RAMDAS UDASI vs VIKRAM GYANCHAND JAIN | order passed |
The promoter has had the MahaRERA completion deadline formally extended 3 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 | 30 Jun 2021 | The project is situated at Bhiwandi and owing to covid 19 entire activities of Real estate are badly affected including purchasing power of the people resulting in slow down in de |
| 31 Dec 2024 | 31 Dec 2024 | The Project is situated at remote place away from Thane city in Bhiwandi. The outbreak of covid has affected the purchasing power of the people and even construction activities wer |
| 31 Dec 2019 | 31 Dec 2026 | The project was started prior to outbreak of COVID-19, which had an impact on real estate project for nearly 2 years, from March 2020 to February 2022 which has severely impacted t |
Located at 124/5/6/7/9/10, 125/8/10, 159/6. 161/5/8/14, Thane, Thane, 421302. Per the filed land record, the plot is bounded to the north by S NO 124 AND 160, to the south by 18M WIDE DP ROAD, to the east by 60M DP ROAD and to the west by S NO 161. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~23 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 | 23 km |
| Andheri MIDC / SEEPZ | 24 km |
| Chhatrapati Shivaji Int'l Airport | 28 km |
| Bandra Kurla Complex (BKC) | 30 km |
| Lower Parel / Worli business district | 38 km |
| Nariman Point / Fort | 45 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 ATLANTA RESIDENCY PHASE II?
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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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.
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SRI Balaji Developer is the promoter on 3 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