MahaRERA Property Intelligence · Raigarh

Bhimashankar

PR1270002501355 · Ulwe · promoter Shubh Construction

Certificate SignedDue 31 Dec 2029

Delivery & Registration

MahaRERA registrationPR1270002501355
Registered on31 Oct 2025
Promoter-declared completion31 Dec 2029
Current statusCertificate Signed
Against today41 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.

Construction Progress

MahaRERA's cost filing puts construction at ~37.6% of the estimated project cost incurred as of the last certificate (₹8.66 Cr spent against a ₹23.00 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 46 homes filed with MahaRERA, 15 are sold/booked (11 with registered agreements + 4 booked) and 31 remain available (~33% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹7.84 Cr in agreement value so far. Of that, ₹3.57 Cr (~46%) is already collected, ₹4.27 Cr receivable — a read on how far along these sales really are. Note: the project registers 88 homes in total, but this sold/unsold inventory filing covers only 46 of them — the other 42 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 15 registered agreements, the effective carpet rate is ₹13,080/sqft (typical range ₹12,449–₹14,027) — 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 1103581 sqft (53.97 sqm)₹53.43 Lakh
Floor 1104595 sqft (55.24 sqm)₹54.69 Lakh
Floor 1105347 sqft (32.2 sqm)₹31.88 Lakh
Floor 101003581 sqft (53.97 sqm)₹53.43 Lakh
Floor 101004579 sqft (53.83 sqm)₹53.29 Lakh
Floor 101005321 sqft (29.82 sqm)₹29.52 Lakh
Floor 111101344 sqft (31.95 sqm)₹31.63 Lakh
Floor 111103581 sqft (53.97 sqm)₹53.43 Lakh
Floor 121202543 sqft (50.43 sqm)₹49.93 Lakh
Floor 121203581 sqft (53.97 sqm)₹53.43 Lakh
Floor 121204579 sqft (53.83 sqm)₹53.29 Lakh
Floor 131303581 sqft (53.97 sqm)₹53.43 Lakh
Floor 2202543 sqft (50.43 sqm)₹49.93 Lakh
Floor 2203581 sqft (53.97 sqm)₹53.43 Lakh
Floor 2204579 sqft (53.83 sqm)₹53.29 Lakh
Floor 2206321 sqft (29.85 sqm)₹29.55 Lakh
Floor 3303581 sqft (53.97 sqm)₹53.43 Lakh
Floor 4402543 sqft (50.43 sqm)₹49.93 Lakh
Floor 4403581 sqft (53.97 sqm)₹53.43 Lakh
Floor 4404579 sqft (53.83 sqm)₹53.29 Lakh
Floor 5503581 sqft (53.97 sqm)₹53.43 Lakh
Floor 6602543 sqft (50.43 sqm)₹49.93 Lakh
Floor 7706321 sqft (29.85 sqm)₹34.13 Lakh
Floor 8802543 sqft (50.43 sqm)₹49.93 Lakh
Floor 8803581 sqft (53.97 sqm)₹53.43 Lakh
Floor 8804579 sqft (53.83 sqm)₹53.29 Lakh
Ground/Floor 0Shop - 12291 sqft (27 sqm)₹32.02 Lakh
Ground/Floor 0Shop - 13243 sqft (22.55 sqm)₹26.74 Lakh
Ground/Floor 0Shop - 5203 sqft (18.86 sqm)₹22.37 Lakh
Ground/Floor 0Shop - 7191 sqft (17.73 sqm)₹21.03 Lakh
Ground/Floor 0Shop - 8192 sqft (17.85 sqm)₹21.17 Lakh

⚠ The inventory filing also declares: 42 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+13 and 88 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Bhimashankar1G+1388-

Unit mix on the filing: 75 residential and 13 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.

Location, Land & Connectivity

Located at Ulwe, Plot No. 143, Sector 2, Thane, Thane, 410206. Per the filed land record, the plot is bounded to the north by Plot No 152, to the south by 11M Wide Road, to the east by 24M Wide Road and to the west by Plot No 142. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~19 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Bandra Kurla Complex (BKC)19 km
Powai / Hiranandani business park20 km
Chhatrapati Shivaji Int'l Airport21 km
Lower Parel / Worli business district21 km
Nariman Point / Fort22 km
Andheri MIDC / SEEPZ23 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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Other RERA-registered projects in Raigarh

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Bhiva Tower
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Bhoomi Abode
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Bhoomi Apartment
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Bhoomi Apartment
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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