Palak Developers
MahaRERA Property Intelligence · Raigarh
P52000051375 · NEAR SUNRISE RESIDENCY, DAMAT · promoter Palak Developers
| MahaRERA registration | P52000051375 |
| Registered on | 08 Jun 2023 |
| Promoter-declared completion | 31 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 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, Palak Developers is the promoter of record on 4 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.
Of 140 homes filed with MahaRERA, 23 are sold/booked and 117 remain available (~16% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹3.66 Cr in agreement value so far. Of that, ₹1.41 Cr (~39%) is already collected, ₹2.25 Cr receivable — a read on how far along these sales really are. Note: the project registers 209 homes in total, but this sold/unsold inventory filing covers only 140 of them — the other 69 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 22 registered agreements, the effective carpet rate is ₹5,422/sqft (typical range ₹4,958–₹6,090) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
⚠ The inventory filing also declares: 69 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+7 and 209 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| WING A | 1 | G+7 | 62 | 31 Dec 2026 |
| WING B | 1 | G+7 | 77 | 31 Dec 2026 |
| WING C | 1 | G+7 | 70 | 31 Dec 2026 |
Unit mix on the filing: 161 residential and 48 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 NEAR SUNRISE RESIDENCY, DAMAT, SURVEY NO 71/1/B/1 , NERAL KARJAT HIGHWAY, Mumbai City, Mumbai City, 410101. Per the filed land record, the plot is bounded to the north by SURVEY NO 70, to the south by SURVEY NO 71 1 B 2 AND 71 1 A, to the east by SURVEY NO 71 AND 72 and to the west by STATE HIGHWAYNO 76. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~44 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 |
|---|---|
| Powai / Hiranandani business park | 44 km |
| Bandra Kurla Complex (BKC) | 47 km |
| Chhatrapati Shivaji Int'l Airport | 48 km |
| Andheri MIDC / SEEPZ | 48 km |
| Lower Parel / Worli business district | 52 km |
| Nariman Point / Fort | 54 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 FLORENCE LANDMARK PHASE 1?
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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Palak Developers 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