Raheja Exotica Downtown
MahaRERA Property Intelligence · Mumbai Suburban
P51800077562 · ARAAM NAGAR, YARI ROAD, VERSOVA · promoter Olive Developers
| MahaRERA registration | P51800077562 |
| Registered on | 11 Oct 2024 |
| Promoter-declared completion | 31 Dec 2027 |
| Current status | Certificate Signed |
| Against today | 17 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, Olive Developers is the promoter of record on 11 projects, of which 3 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 ~58.1% of the estimated project cost incurred as of the last certificate (₹15.16 Cr spent against a ₹26.10 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 10 homes filed with MahaRERA, 5 are sold/booked and 5 remain available (~50% sold) — selling steadily. Buyers have committed ₹14.47 Cr in agreement value so far. Of that, ₹12.04 Cr (~83%) is already collected, ₹2.43 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 10 of them — the other 11 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 5 registered agreements, the effective carpet rate is ₹34,119/sqft (typical range ₹26,746–₹37,449) — 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 3 | 302 | 916 sqft (85.1 sqm) | ₹2.03 Cr |
| Floor 3 | 304 | 791 sqft (73.49 sqm) | ₹1.75 Cr |
| Floor 4 | 404 | 791 sqft (73.49 sqm) | ₹1.75 Cr |
| Floor 5 | 503 | 748 sqft (69.5 sqm) | ₹1.74 Cr |
| Floor 5 | 504 | 791 sqft (73.49 sqm) | ₹1.84 Cr |
⚠ The inventory filing also declares: 6 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+8 and 21 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| ELYSIA | 1 | G+8 | 21 | - |
Unit mix on the filing: 21 residential.
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 declared 6 court cases on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| High Court Of Judicature At Bombay | S/181/2018 | 2018 | For Hearing And Final Disposal |
| High Court Of Judicature At Bombay | AO/214/2018 | 2018 | For Admission |
| City Civil Court Dindoshi | S/1505/2017 | 2017 | For Service Of Notice Of Motion |
| City Civil Court Dindoshi | S/2587/2021 | 2021 | Order On Chamber |
| City Civil Court Dindoshi | S/2589/2021 | 2021 | Recording Of Evidence |
| Metropolitan Magistrate Court Andheri | SW/436/2022 | 2022 | For Argument |
Located at ARAAM NAGAR, YARI ROAD, VERSOVA, D. MART LANE, NEXT TO GARDEN, Mumbai City, Mumbai City, 400061. Per the filed land record, the plot is bounded to the north by ADJ PLOT 1111B AND 1111C, to the south by ADJ PLOT 1107, to the east by 18-30 M WIDE DP ROAD and to the west by ADJ PLOT 1107. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
🔒 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 ELYSIA?
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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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