Shankheshwar Associates
MahaRERA Property Intelligence · Raigarh
P52000014189 · PEN · promoter Shankheshwar Associates
| MahaRERA registration | P52000014189 |
| Registered on | 14 Nov 2017 |
| Promoter-declared completion | 29 Mar 2024 |
| Current status | Certificate Signed |
| Against today | about 28 months past 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, Shankheshwar Associates is the promoter of record on 16 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.
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+3.
| Building | Wings | Floors | Declared completion |
|---|---|---|---|
| DARSHAN BUSINESS PARK 1 | 1 | G+3 | 31 Mar 2022 |
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 |
|---|---|---|
| 30 Mar 2023 | 29 Mar 2024 | We have sold inventory only of Ground Floor for which we have received OC. Other floors there was no sales done due to impact of global challenges in last 2 3 years. so we have not |
Located at PEN, PEN, Pen, Raigarh, 402107. Per the filed land record, the plot is bounded to the north by PEN MUNICIPAL ROAD, to the south by S NO 124 HISSA NO 5, to the east by 12 M WIDE PROPOSE DP ROAD and to the west by S NO 124 HISSA NO 3. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~40 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 |
|---|---|
| Nariman Point / Fort | 35 km |
| Lower Parel / Worli business district | 40 km |
| Bandra Kurla Complex (BKC) | 44 km |
| Chhatrapati Shivaji Int'l Airport | 46 km |
| Powai / Hiranandani business park | 47 km |
| Andheri MIDC / SEEPZ | 50 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 DARSHAN BUSINESS PARK1?
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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Shankheshwar Associates 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