M/s Sathe Schemes
MahaRERA Property Intelligence · Raigarh
P52000052525 · PEN · promoter Sathe Schemes
| MahaRERA registration | P52000052525 |
| Registered on | 08 Sep 2023 |
| Promoter-declared completion | 31 May 2030 |
| Current status | Certificate Signed |
| Against today | 46 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, Sathe Schemes is the promoter of record on 18 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.
MahaRERA's cost filing puts construction at ~73.9% of the estimated project cost incurred as of the last certificate (₹22.26 Cr spent against a ₹30.12 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 60 homes filed with MahaRERA, 32 are sold/booked (23 with registered agreements + 9 booked) and 28 remain available (~53% sold) — selling steadily. Buyers have committed ₹21.73 Cr in agreement value so far. Of that, ₹11.24 Cr (~52%) is already collected, ₹10.49 Cr receivable — a read on how far along these sales really are. Note: the project registers 84 homes in total, but this sold/unsold inventory filing covers only 60 of them — the other 24 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 32 registered agreements, the effective carpet rate is ₹7,451/sqft (typical range ₹5,292–₹10,309) — 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 11 | 1101 | 806 sqft (74.878 sqm) | ₹27.36 Lakh |
| Floor 11 | 1102 | 1,023 sqft (95.006 sqm) | ₹34.72 Lakh |
| Floor 13 | 1301 | 806 sqft (74.878 sqm) | ₹27.36 Lakh |
| Floor 13 | 1302 | 1,023 sqft (95.006 sqm) | ₹34.72 Lakh |
| Floor 13 | 1303 | 870 sqft (80.844 sqm) | ₹29.54 Lakh |
| Floor 13 | 1304 | 1,494 sqft (138.778 sqm) | ₹50.71 Lakh |
| Floor 13 | 1305 | 574 sqft (53.3 sqm) | ₹19.48 Lakh |
| Floor 14 | 1401 | 806 sqft (74.878 sqm) | ₹27.36 Lakh |
| Floor 14 | 1402 | 1,023 sqft (95.006 sqm) | ₹34.72 Lakh |
| Floor 14 | 1404 | 1,494 sqft (138.778 sqm) | ₹50.71 Lakh |
| Floor 14 | 1405 | 574 sqft (53.3 sqm) | ₹19.48 Lakh |
| Floor 3 | 303 | 1,039 sqft (96.552 sqm) | ₹32.82 Lakh |
| Floor 4 | 402 | 1,023 sqft (95.006 sqm) | ₹32.29 Lakh |
| Floor 4 | 403 | 1,039 sqft (96.552 sqm) | ₹32.82 Lakh |
| Floor 5 | 502 | 1,023 sqft (95.006 sqm) | ₹33.91 Lakh |
| Floor 5 | 504 | 620 sqft (57.61 sqm) | ₹20.56 Lakh |
| Floor 5 | 505 | 789 sqft (73.28 sqm) | ₹26.15 Lakh |
| Floor 6 | 604 | 1,494 sqft (138.778 sqm) | ₹49.53 Lakh |
| Floor 6 | 605 | 574 sqft (53.3 sqm) | ₹19.02 Lakh |
| Floor 7 | 701 | 806 sqft (74.878 sqm) | ₹26.72 Lakh |
| Floor 7 | 702 | 1,023 sqft (95.006 sqm) | ₹33.91 Lakh |
| Floor 7 | 704 | 1,494 sqft (138.778 sqm) | ₹49.53 Lakh |
| Floor 7 | 705 | 574 sqft (53.3 sqm) | ₹19.02 Lakh |
| Floor 8 | 801 | 806 sqft (74.878 sqm) | ₹26.72 Lakh |
| Floor 8 | 802 | 1,023 sqft (95.006 sqm) | ₹33.91 Lakh |
| Floor 8 | 805 | 574 sqft (53.3 sqm) | ₹19.02 Lakh |
| Floor 9 | 904 | 1,494 sqft (138.778 sqm) | ₹49.53 Lakh |
| Floor 9 | 905 | 574 sqft (53.3 sqm) | ₹19.02 Lakh |
⚠ The inventory filing also declares: 12 owner/investor-held and 12 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+17 and 84 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| EQUINOX | 1 | G+17 | 84 | 31 May 2030 |
Unit mix on the filing: 62 residential and 22 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
Located at PEN, FINAL PLOT NO 20/1, ANTORA ROAD, Pen, Raigarh, 402107. Per the filed land record, the plot is bounded to the north by 9 MT WIDE DP ROAD, to the south by FINAL PLOT NO 20-2, to the east by 18 MT WIDE DP ROAD and to the west by FINAL PLOT NO 20-3. 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) | 43 km |
| Chhatrapati Shivaji Int'l Airport | 46 km |
| Powai / Hiranandani business park | 46 km |
| Andheri MIDC / SEEPZ | 49 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 EQUINOX?
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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M/s Sathe Schemes is the promoter on 6 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