Future Icon Builders LLP
MahaRERA Property Intelligence · Raigarh
P52000077445 · NEW PANVEL · promoter Future Icon Builders
| MahaRERA registration | P52000077445 |
| Registered on | 16 Aug 2024 |
| Promoter-declared completion | 22 Sep 2027 |
| Current status | Certificate Signed |
| Against today | 14 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.
Across MahaRERA, Future Icon Builders is the promoter of record on 30 projects, of which 2 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 ~37.5% of the estimated project cost incurred as of the last certificate (₹12.89 Cr spent against a ₹34.41 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.
Of 119 homes filed with MahaRERA, 90 are sold/booked and 29 remain available (~76% sold) — selling steadily. Buyers have committed ₹65.69 Cr in agreement value so far. Of that, ₹47.17 Cr (~72%) is already collected, ₹18.51 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 90 registered agreements, the effective carpet rate is ₹15,901/sqft (typical range ₹12,919–₹24,436) — 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 10 | Office 1003 | 817 sqft (75.86 sqm) | ₹65.39 Lakh |
| Floor 10 | Office 1006 | 352 sqft (32.72 sqm) | ₹28.20 Lakh |
| Floor 10 | Office 1007 | 330 sqft (30.65 sqm) | ₹26.42 Lakh |
| Floor 11 | Office 1103 | 646 sqft (59.97 sqm) | ₹51.54 Lakh |
| Floor 12 | Office 1204 | 278 sqft (25.87 sqm) | ₹22.30 Lakh |
| Floor 12 | Office 1211 | 243 sqft (22.58 sqm) | ₹19.46 Lakh |
| Floor 12 | Office 1212 | 244 sqft (22.68 sqm) | ₹19.55 Lakh |
| Floor 13 | Office 1302 | 635 sqft (58.97 sqm) | ₹50.83 Lakh |
| Floor 13 | Office 1303 | 646 sqft (59.97 sqm) | ₹51.54 Lakh |
| Floor 13 | Office 1304 | 278 sqft (25.87 sqm) | ₹22.30 Lakh |
| Floor 13 | Office 1305 | 277 sqft (25.73 sqm) | ₹22.18 Lakh |
| Floor 14 | Office 1401 | 265 sqft (24.65 sqm) | ₹21.25 Lakh |
| Floor 14 | Office 1402 | 601 sqft (55.83 sqm) | ₹48.13 Lakh |
| Floor 14 | Office 1403 | 597 sqft (55.44 sqm) | ₹47.79 Lakh |
| Floor 14 | Office 1404 | 258 sqft (23.94 sqm) | ₹20.64 Lakh |
| Floor 14 | Office 1405 | 256 sqft (23.81 sqm) | ₹20.52 Lakh |
| Floor 14 | Office 1406 | 256 sqft (23.81 sqm) | ₹20.52 Lakh |
| Floor 14 | Office 1407 | 237 sqft (22.01 sqm) | ₹18.97 Lakh |
| Floor 14 | Office 1408 | 228 sqft (21.15 sqm) | ₹18.23 Lakh |
| Floor 14 | Office 1409 | 200 sqft (18.61 sqm) | ₹16.04 Lakh |
| Floor 14 | Office 1410 | 197 sqft (18.31 sqm) | ₹15.78 Lakh |
| Floor 14 | Office 1411 | 225 sqft (20.86 sqm) | ₹17.98 Lakh |
| Floor 2 | Office 202 | 379 sqft (35.24 sqm) | ₹30.38 Lakh |
| Floor 6 | Office 608 | 317 sqft (29.41 sqm) | ₹25.35 Lakh |
| Floor 6 | Office 609 | 290 sqft (26.98 sqm) | ₹23.26 Lakh |
| Floor 7 | Office 707 | 330 sqft (30.65 sqm) | ₹26.42 Lakh |
| Floor 7 | Office 709 | 290 sqft (26.98 sqm) | ₹23.26 Lakh |
| Floor 7 | Office 711 | 311 sqft (28.92 sqm) | ₹24.93 Lakh |
| Floor 8 | Office 803 | 817 sqft (75.86 sqm) | ₹65.39 Lakh |
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+20 and 119 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| BUSINESS ICON | 1 | G+20 | 119 | - |
Unit mix on the filing: 119 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
Located at NEW PANVEL, SECTOR 17, Panvel, Raigarh, 410206. Per the filed land record, the plot is bounded to the north by 30 M Wide Road, to the south by Plot No 35, to the east by Plot No 34 AND 34A and to the west by Plot No 32. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~25 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 | 25 km |
| Bandra Kurla Complex (BKC) | 26 km |
| Chhatrapati Shivaji Int'l Airport | 27 km |
| Andheri MIDC / SEEPZ | 28 km |
| Lower Parel / Worli business district | 29 km |
| Nariman Point / Fort | 31 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 BUSINESS ICON?
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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Future Icon Builders LLP 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