MahaRERA Property Intelligence · Mumbai City

CORNER OF FIVE

P51900033973 · Matunga CR · promoter Ramniklal Dhanji Chhadva

Certificate SignedDue 31 Mar 2026

Delivery & Registration

MahaRERA registrationP51900033973
Registered on14 Mar 2022
Promoter-declared completion31 Mar 2026
Current statusCertificate Signed
Against todayabout 4 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.

Builder Track Record

Across MahaRERA, Ramniklal Dhanji Chhadva is the promoter of record on 5 projects, of which none currently 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.

Sales & Inventory

Of 9 homes filed with MahaRERA, 7 are sold/booked and 2 remain available (~78% sold) — selling steadily. Buyers have committed ₹71.15 Cr in agreement value so far. Of that, ₹62.07 Cr (~87%) is already collected, ₹9.08 Cr receivable — a read on how far along these sales really are. Note: the project registers 21 homes in total, but this sold/unsold inventory filing covers only 9 of them — the other 12 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 7 registered agreements, the effective carpet rate is ₹47,022/sqft (typical range ₹45,724–₹52,945) — 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 1111011,313 sqft (121.99 sqm)₹4.50 Cr
Floor 1111021,313 sqft (121.99 sqm)₹4.50 Cr

⚠ The inventory filing also declares: 2 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+22 and 21 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
CORNER OF FIVE1G+2221-

Unit mix on the filing: 21 residential.

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 Matunga CR, Dr Babasaheb Ambedkar Road, Mumbai City, Mumbai City, 400019. Per the filed land record, the plot is bounded to the north by Plot 602A Shiv Sadan Building, to the south by Lady Jehangir Road, to the east by Plot 602C Indu Villa Building and to the west by Dr Babasaheb Ambedkar 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 ~3 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Lower Parel / Worli business district3 km
Bandra Kurla Complex (BKC)5 km
Chhatrapati Shivaji Int'l Airport8 km
Nariman Point / Fort11 km
Powai / Hiranandani business park12 km
Andheri MIDC / SEEPZ12 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 Matunga

Balkrishna Hills
possession by Sep 2026 · Oriental Contractors Private Limited
Gulraj Paradise
possession by Sep 2026 · M/S Reliable Construction
Signare
Past its declared completion date · possession by Sep 2026 · Tejukaya Buildcon
Chhaya
possession by Dec 2026 · Fortune Realty
Jade Acharya
possession by Dec 2026 · Raghavendra Acharya & Others
Shayona
possession by Dec 2026 · Devesh Narendra Jani

Major developers building in Matunga

Other RERA-registered projects in Mumbai City

Cornerstone
declared completion Jun 2025 · Shree Sadguru & Deluxe JV
Cornerstone Apex
declared completion Dec 2023 · Shree SAI Parshwa Developers LLP
Cosmos Platinum Business Park
declared completion Dec 2021 · J R Properties
Cote DE Orient
declared completion Dec 2021 · Vijay Dwellers Private Limited
CRD Aura
possession by Dec 2027 · CRD Blue Ocean LLP
Crescent Aria
declared completion Mar 2019 · Crescent Property Developers

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