MahaRERA Property Intelligence · Mumbai Suburban

COMMERZ 54

P51800020069 · SANTACRUZ WEST · promoter Shree Vinayak Reality

Certificate SignedDue 30 Jun 2026

Delivery & Registration

MahaRERA registrationP51800020069
Registered on26 Mar 2019
Promoter-declared completion30 Jun 2026
Current statusCertificate Signed
Against todayabout 1 months past 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 ~52.5% of the estimated project cost incurred as of the last certificate (₹16.80 Cr spent against a ₹32.00 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. The declared completion date has already passed while the cost-incurred filing sits at ~52.5% — a wide gap between the promise and the money actually spent on site.

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 111 homes filed with MahaRERA, 39 are sold/booked and 72 remain available (~35% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹86.56 Cr in agreement value so far. Of that, ₹65.65 Cr (~76%) is already collected, ₹21.22 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 39 registered agreements, the effective carpet rate is ₹37,497/sqft (typical range ₹28,768–₹42,895) — 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.

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+19 and 111 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Commerz 541G+1911115 Dec 2021

Unit mix on the filing: 111 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
15 Dec 202214 Dec 2023Due to Covid-19 and shortage labourers for certain period the project could not be completed in time
15 Dec 202230 Jun 2025In accordance with circular no 28, we hereby apply for extension of our project u/s 7(3) in Format B. The project was delayed for reasons beyond our control on account of various r
15 Dec 202230 Jun 2026We sincerely regret the delay in the completion of the project as well as in the submission of this extension request. The delay has occurred due to unforeseen and unavoidable circ

Location, Land & Connectivity

Located at SANTACRUZ WEST, S V ROAD, Mumbai City, Mumbai City, 400054. Per the filed land record, the plot is bounded to the north by PLOT NO 4 AND 5, to the south by 30 FEET ROAD, to the east by PLOT NO 21 and to the west by S V ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~4 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Chhatrapati Shivaji Int'l Airport3 km
Bandra Kurla Complex (BKC)4 km
Andheri MIDC / SEEPZ6 km
Powai / Hiranandani business park8 km
Lower Parel / Worli business district10 km
Nariman Point / Fort18 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 Santacruz West

Woodstock Gardens
possession by Oct 2026 · Woodstock Realties Private Limited
Artteza
possession by Nov 2026 · Sunvision Estates
M.K Heritage
Not filing quarterly progress reports · possession by Dec 2026 · Shaista Majid Khan
Cyrilyn
possession by Dec 2026 · Not Available
JAY Krupa Sadan BY Shree Hari Realty
possession by Dec 2026 · Shree Hari Realty
Orchid Vasundhara
possession by Dec 2026 · Orchid Builtcon Pvt. Ltd.

Major developers building in Santacruz West

Other RERA-registered projects in Mumbai Suburban

Composite Building Rehab Wing A1
possession by Dec 2028 · A R Amboli Developers Private Limited
Concepta Chsl
possession by Dec 2027 · Hirani Realty
Cons 1221 MIG T/S And 100 Shops S. No. 113, CTS 356/a Pocket II Kannamwar Nagar Mumbai
possession by Dec 2032 · Mumbai Housing And Area Development Boar
Cons Of 172 LIG TS & 24 Shops At CTS 356a2,pocket VI Kannamwar Nagar, Vikhroli, Mumbai
possession by Dec 2032 · Mumbai Housing And Area Development Boar
Cons OF MIG TS CTS 356 A Kannamwar Nagar Pocket IX Bearing S NO 113 PT
possession by Dec 2032 · Mumbai Housing And Area Development Boar
Cons OF MIG TS CTS 356 A Kannamwar Nagar Pocket Viii Bearing S NO 113 PT
possession by Dec 2032 · Mumbai Housing And Area Development Boar

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