MahaRERA Property Intelligence · Mumbai City

CRD Aura

P51900050806 · Dharavi · promoter Crd Blue Ocean

Certificate SignedDue 31 Dec 2027

Delivery & Registration

MahaRERA registrationP51900050806
Registered on03 May 2023
Promoter-declared completion31 Dec 2027
Current statusCertificate Signed
Against today17 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, Crd Blue Ocean 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 ~70.5% of the estimated project cost incurred as of the last certificate (₹25.71 Cr spent against a ₹36.44 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 95 homes filed with MahaRERA, 92 are sold/booked (72 with registered agreements + 20 booked) and 3 remain available (~97% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹55.16 Cr in agreement value so far. Of that, ₹37.42 Cr (~68%) is already collected, ₹17.74 Cr receivable — a read on how far along these sales really are. Note: the project registers 112 homes in total, but this sold/unsold inventory filing covers only 95 of them — the other 17 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 92 registered agreements, the effective carpet rate is ₹18,909/sqft (typical range ₹10,386–₹19,447) — 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 101197 sqft (18.31 sqm)₹35.08 Lakh
Floor 102212 sqft (19.71 sqm)₹41.87 Lakh
Floor 103137 sqft (12.77 sqm)₹20.87 Lakh

⚠ The inventory filing also declares: 17 owner/investor-held. 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+12 and 112 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Wing A1G+1259-
Wing B1G+1253-

Unit mix on the filing: 109 residential and 3 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 Dharavi, Indira Nagar, Andheri, Mumbai Suburban, 400017. Per the filed land record, the plot is bounded to the north by 9 mt wide D P Road, to the south by CS No 100 Dharavi Division, to the east by CS No 97 Dharavi Division and to the west by Internal 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
Bandra Kurla Complex (BKC)3 km
Lower Parel / Worli business district5 km
Chhatrapati Shivaji Int'l Airport6 km
Andheri MIDC / SEEPZ10 km
Powai / Hiranandani business park10 km
Nariman Point / Fort13 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 Dharavi

F.w.tower
Not filing quarterly progress reports · possession by Aug 2026 · Crystal Construction Corporation
Bawa Aashiyaan Phase-II
possession by Dec 2027 · KAY BEE Developers Pvt. Ltd.
Nalanda
possession by Dec 2027 · Mahalaxmi Builders & Contractors
Bawa Aashiyaan Phase 1
possession by Jun 2028 · KAY BEE Developers Pvt. Ltd.
BKC Edge
possession by Dec 2029 · Labdhi Bliss Private Limited
Prince Tower
declared completion Jun 2025 · Punith Buildtech Private Limited

Other RERA-registered projects in Mumbai City

Crescent Aria
declared completion Mar 2019 · Crescent Property Developers
Crescent Bay - T1 - 40, 41 Floors
declared completion Mar 2018 · L&t Parel Project LLP
Crescent Bay - T2
declared completion Mar 2019 · L&t Parel Project LLP
Crescent Bay - T3
declared completion Mar 2024 · L&t Parel Project LLP
Crescent Bay - T4
declared completion Aug 2018 · L&t Parel Project LLP
Crescent Bay - T5
declared completion Aug 2018 · L&t Parel Project LLP

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