MahaRERA Property Intelligence · Thane

BHAIRAAV MILESTONE PHASE II

P51700020951 · WAGALE ESTATE · promoter Sharpmind Consultancy Services

Certificate SignedDue 30 Dec 2026

Delivery & Registration

MahaRERA registrationP51700020951
Registered on23 May 2019
Promoter-declared completion30 Dec 2026
Current statusCertificate Signed
Against today5 months to the declared date

Regulatory Standing

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.

Builder Track Record

Across MahaRERA, Sharpmind Consultancy Services is the promoter of record on 12 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.

Construction Progress

MahaRERA's cost filing puts construction at ~93.9% of the estimated project cost incurred as of the last certificate (₹58.23 Cr spent against a ₹62.00 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.

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.

Sales & Inventory

Of 97 homes filed with MahaRERA, 75 are sold/booked (63 with registered agreements + 12 booked) and 22 remain available (~77% sold) — selling steadily. Buyers have committed ₹137.87 Cr in agreement value so far. Of that, ₹113.69 Cr (~82%) is already collected, ₹24.49 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 75 registered agreements, the effective carpet rate is ₹13,135/sqft (typical range ₹10,962–₹18,029) — 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:

FloorUnitCarpetReckoner value
Floor 101003780 sqft (72.46 sqm)₹1.12 Cr
Floor 101004809 sqft (75.16 sqm)₹1.16 Cr
Floor 1010051,354 sqft (125.79 sqm)₹2.13 Cr
Floor 1010071,406 sqft (130.62 sqm)₹1.97 Cr
Floor 3302971 sqft (90.21 sqm)₹1.40 Cr
Floor 3303780 sqft (72.46 sqm)₹1.12 Cr
Floor 6601612 sqft (56.86 sqm)₹90.52 Lakh
Floor 6612598 sqft (55.56 sqm)₹88.68 Lakh
Floor 77071,406 sqft (130.62 sqm)₹1.84 Cr
Floor 77081,354 sqft (125.76 sqm)₹1.77 Cr
Floor 7709809 sqft (75.16 sqm)₹1.06 Cr
Floor 7710780 sqft (72.46 sqm)₹1.02 Cr
Floor 7711971 sqft (90.21 sqm)₹1.27 Cr
Floor 7712598 sqft (55.56 sqm)₹78.34 Lakh
Floor 9902971 sqft (90.21 sqm)₹1.41 Cr
Floor 9903780 sqft (72.46 sqm)₹1.12 Cr
Floor 9904809 sqft (75.16 sqm)₹1.16 Cr
Floor 99061,406 sqft (130.62 sqm)₹1.97 Cr
Floor 9909809 sqft (75.16 sqm)₹1.16 Cr
Floor 9910780 sqft (72.46 sqm)₹1.12 Cr
Floor 9912598 sqft (55.56 sqm)₹97.07 Lakh
Ground/Floor 018518 sqft (48.12 sqm)-

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.

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+10 and 97 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
BHAIRAAV MILESTONE1G+109731 Dec 2021

Unit mix on the filing: 97 non-residential (shops/offices).

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Deadline Extensions

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
30 Dec 202230 Dec 2024We have already obtained part OC upto 5th Floor of the Project but due to some technical & administrative factors, NOC is pending as per certain norms and requirements, hence the O
30 Dec 202230 Dec 2026Construction upto Part 6 floor has been completed and Occupancy certificate has been duly obtained. Revised commencement certificate has been received from MIDC
30 Dec 202230 Dec 2023The Project ‘Bhairaav Milestone’ is being developed in Phases. Phase I is already completed and OC received. For Phase II, Building is already completed as per approved plans and a

Location, Land & Connectivity

Located at WAGALE ESTATE, PLOT NO C-15 ROAD NO.16, Ward ABCD, Mumbai City, 400604. Per the filed land record, the plot is bounded to the north by ROAD NO 16 U, to the south by PLOT NO C-12, to the east by ROAD NO 16 and to the west by PLOT NO C-14. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~10 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Powai / Hiranandani business park10 km
Andheri MIDC / SEEPZ11 km
Chhatrapati Shivaji Int'l Airport15 km
Bandra Kurla Complex (BKC)17 km
Lower Parel / Worli business district26 km
Nariman Point / Fort33 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.

Unlock in the ₹999 report →

🔒 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.

Unlock in the ₹2,999 report →

🔒 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.

Unlock in the ₹999 report →

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Builder track record

Sharpmind Consultancy Services Private Limited 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).

Other flagged projects by Sharpmind Consultancy Services Private Limite

Sharpmind Consultancy Services Private Limited
FlaggedThane

Other RERA-registered projects in Wagle Estate

Urban Villa
possession by Jul 2026 · Yash Infra
One Wagle
possession by Oct 2026 · Sagar Nirman Spaces
Aura Business Center
possession by Dec 2026 · AUM Developers
Centura Square
possession by Dec 2026 · Supper Squarefeet Infraventures LLP
O22 Business Park
possession by Dec 2026 · Midas Touch
White Rose
possession by Dec 2026 · M/s Eeshan Enterprises

Other RERA-registered projects in Thane

Bhairaav Signature
declared completion Jun 2019 · Sharpmind Infrastructure Private Limited
Bhairav CO-Operative Housing Society LTD
declared completion Mar 2024 · Bharti Construction
Bhairav Enclave
possession by Aug 2026 · Leena Estate Venture
Bhakti Enclave
declared completion Jul 2019 · Mangalmurti Enterprises
Bhakti Palace
declared completion Dec 2021 · Shivkrupa Enterprises
Bhakti Park
declared completion Dec 2022 · Milan Jayantilal Salot

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: 27 Jul 2026