Mumbai/Project record

MahaRERA · the public record

Avantika

Utkarsh Nagar · Sathe Schemes

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The registration, progress and filed details in one place. Go further with an independent reading of the project’s evidence.

121units filed as unsoldInventory · 16 September 2026
31 May 2032declared completionMahaRERA registration · read 02 Jul 2026
136registered unitsMahaRERA registration · read 02 Jul 2026

The record · free to read

Registration read 02 Jul 2026

Progress & dates

The timeline on file.

Available record

No construction trend to plot.

The records used for this page do not supply a series of construction percentages. This does not establish whether possession has been given.

declared completion

31 May 2032

The registered date and a construction update answer different questions. Neither is a confirmation of possession.

MahaRERA registration · read 02 Jul 2026

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The source record

The details behind the headline.

MahaRERA · PR1270002502802

Delivery and registration

When is the project declared for completion?

Avantika is registered with MahaRERA as PR1270002502802 and the promoter has declared completion for 31 May 2032.

31 May 2032

declared completion

68months to go

against the declared date

The completion date and status as they stand on the MahaRERA registration record.

Source · MahaRERA project registration · read 02 Jul 2026

MahaRERA registrationPR1270002502802
Registered on16 Mar 2026
Promoter-declared completion31 May 2032
Current statusCertificate Signed
Against today68 months to the declared date

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for Avantika record 1 quarterly progress report since registration.

Entries as they appear on MahaRERA's own lists and the project's progress filing.

Source · MahaRERA defaulter, deregistration and QPR lists · read 02 Jul 2026

  • Filing progress reports — 1 quarterly progress report on record since registration, with no current default.

Promoter record

What else is this promoter on record for?

Sathe Schemes is the promoter of record on 18 projects registered with MahaRERA, 1 of which carries a MahaRERA regulator flag (insolvency, deregistration, completion lapse or QPR default).

18projects

registered with MahaRERA

1flagged

by MahaRERA

Counted across Quietlist's full MahaRERA register store, matched on the promoter name as it appears on each filing.

Source · MahaRERA register, all projects · read 02 Jul 2026

Construction

How much construction cost has been reported?

In Avantika, ₹1.45 Cr of a declared ₹29.29 Cr estimated project cost is reported as incurred, about 5.0%, as at the last certified filing with MahaRERA.

5.0%

₹1.45 Cr

of ₹29.29 Cr declared cost

Cost incurred as last certified to MahaRERA. It is a financial measure, not a survey of site work, and it can lag on-site reality between filings.

Source · MahaRERA quarterly progress filing · read 02 Jul 2026

Sales

How much has actually been sold?

In Avantika, 1 of 136 homes filed with MahaRERA are recorded as sold or booked, about 1%, and 135 remain available.

1%sold

1 of 136 homes

₹40.00 Lakh

committed by buyers

Counts and agreement value as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. Of that agreement value, ₹6.50 Lakh (about 16%) is recorded as collected and ₹33.50 Lakh as receivable.

Source · MahaRERA sold/unsold inventory filing · read 02 Jul 2026

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.

What the filings record, home by home

Read from MahaRERA on 16 September 2026

MahaRERA publishes, home by home, what this promoter filed: which homes are sold and which are not, the RERA carpet area of each, and for the sold ones the registered agreement value — the consideration filed for that specific home. On this project 15 homes carry one, and 121 of the 136 are recorded unsold. Since we started watching this ledger, 15 homes have moved out of the unsold list, most recently on 16 September 2026.

Here is one of those unsold homes, priced against what buyers of the same home on other floors actually filed:

HomeCarpetFiled for the same home on other floorsBased on
A - 1007559 sqftRs 37.10 lakh typical, over Rs 29.37 lakh to Rs 44.00 lakh7 filed on this stack, floors 6–14

A filed consideration is what was registered for one home. It is not a valuation, and MahaRERA does not publish the date of any of these agreements — read a range as a spread, not as a trend. An unsold row means no sale had been filed for it when we looked, which is a filing state, not a promise that the home is available to you today. One of the two observations is an archived copy whose time is the moment the file was written, not a portal fetch time.

In Avantika, 63 of the 121 unsold homes have agreements filed on their own stack. The Price Comparison Report gives each of them its own row — the filed agreements behind that stack listed in full, the government reckoner value the promoter filed against it, and whether it is mortgaged to a lender while still on the unsold list. Built from the filing itself, sent by email.

See the other 120 homes — ₹2,999 →

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+15 and 136 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Wing A1G+15130-
Wing B1G+26-

Unit mix on the filing: 112 residential and 24 non-residential (shops/offices).

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading.

Location, Land & Connectivity

Located at Utkarsh Nagar, Pen - Khopoli Road, Pen, Raigarh, 402107. Per the filed land record, the plot is bounded to the north by Survey No 337, to the south by Pen - Khopoli Road, to the east by Survey No 339 & Survey No 341 and to the west by Survey No 338/B & Survey No 338/C. These are the boundaries as recorded in the filed land record.

Location & connectivity

The nearest major job hub is ~41 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Nariman Point / Fort37 km
Lower Parel / Worli business district41 km
Bandra Kurla Complex (BKC)44 km
Chhatrapati Shivaji Int'l Airport47 km
Powai / Hiranandani business park48 km
Andheri MIDC / SEEPZ50 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.

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Builder track record

M/s Sathe Schemes is the promoter on 6 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 M/s Sathe Schemes

Other RERA-registered projects in Pen

Pendse Park
possession by Nov 2026 · F ND H Constructions
Govardhan Greenfields
possession by Dec 2026 · Khelaan Manoj Unadkat
Balaji Tricity
possession by Dec 2026 · M/s Sathe Schemes
Arham
possession by Dec 2026 · IYS Properties LLP
Chandradarshan Enclave
Not filing quarterly progress reports · possession by Dec 2026 · Sunny Rajendra Jain
Kalindi Elite
possession by Dec 2026 · Kalindi Realtors Private Limited

Other RERA-registered projects in Raigarh

Avantika Aura
possession by Dec 2026 · Riddhi Developer
Avantika CO-OP HSG SOC
possession by Dec 2026 · Satyaprakash Maurya
Avas Living
possession by Dec 2027 · Avas Living Alibaug LLP
Avenue Hills
possession by Dec 2027 · Avenue Lifespaces
Avenue One
declared completion Mar 2026 · Sai Mahaavir Developers
Avenues
possession by May 2029 · Silver Homes Enterprises

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: 20 Sep 2026