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MahaRERA Property Intelligence · Thane
P51800008744 · Nr. St. Xaviers School · promoter Oyster Realty
| MahaRERA registration | P51800008744 |
| Registered on | 19 Aug 2017 |
| 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, Oyster Realty is the promoter of record on 7 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.
MahaRERA's cost filing puts construction at ~12.0% of the estimated project cost incurred as of the last certificate (₹13.60 Cr spent against a ₹113.51 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 116 homes filed with MahaRERA, 24 are sold/booked (13 with registered agreements + 11 booked) and 92 remain available (~21% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹7.39 Cr in agreement value so far. Of that, ₹4.67 Cr (~63%) is already collected, ₹2.72 Cr receivable — a read on how far along these sales really are. Note: the project registers 240 homes in total, but this sold/unsold inventory filing covers only 116 of them — the other 124 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 24 registered agreements, the effective carpet rate is ₹7,544/sqft (typical range ₹6,435–₹9,536) — 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: 103 reserved and 21 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+28 and 240 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Building 1 | 1 | G+28 | 120 | 30 Dec 2022 |
| Building 2 | 1 | G+28 | 120 | 30 Dec 2022 |
Unit mix on the filing: 230 residential and 10 non-residential (shops/offices).
19 complaints are on the MahaRERA record for this project, with orders passed in 17. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000193335 | 26/06/2020 | Swagatam H Majumdar, Lavina S Majumdar vs J & V Realtors | order passed |
| CC006000000012670 | 02/01/2018 | SUNDARAM RAJ RAJU vs TEJAS TARUN VYAS | order passed |
| CC006000000195557 | 07/01/2021 | BALARAM GOVIND GAIKWAD vs Oyster Realty through its Prop Tarun Tejas Vyas | order passed |
| CC006000000198381 | 09/10/2021 | AMIT DEMAPPA BENAKATTI vs TEJAS VYAAS | order passed |
| CC006000000199033 | 20/11/2021 | Jagruti Dylan Collaco vs Tejas Tarun Vyas | order passed |
| CC006000000209643 | 07/01/2022 | SURENDRAN VALUPARAMBAT KARUNAL vs OYSTER REALTY | order passed |
| CC006000000344227 | 05/02/2023 | Anil Kaushal vs OYSTER REALTY | order passed |
| CC006000000396797 | 14/08/2023 | Bijayprakash shrinath Mishra vs OYSTER REALTY | order passed |
| CC006000000408103 | 09/11/2023 | ANILKUMAR RAMDAYAL SINGH KUSHWAHA vs Oyster Reality | order passed |
| CC006000000408157 | 17/11/2023 | VISHAL AND VAISHALI BHADLEKAR - vs TEJAS TARUN VYAS | order passed |
| CC006000000408214 | 18/02/2024 | SUSHILKUMAR NAGADU YADAV vs OYSTER REALITY | order passed |
| CC006000000500572 | 30/05/2024 | SHAILESH KEWAT vs Oyster Reality | order passed |
| CC006000000580862 | 28/06/2024 | Rishi Mehra vs Oyster Realty through its proprietor Tejas Tarun Vyas | order passed |
| CC006000000580866 | 28/06/2024 | Rishi Mehra vs Oyster Realty through its proprietor Tejas Tarun Vyas | order passed |
| CC006000000591231 | 22/07/2024 | KAUSHLENDRA RAJKARAN SINGH vs OYSTER REALTY | order passed |
| CC12501341 | 22/04/2025 | Prashant Suresh Rashinkar vs Tejas Tarun Vyas | order passed |
| CC12503299 | 15/09/2025 | Jyoti Shankar Lalge vs Tejas Tarun Vyas | order passed |
| CC12601287 | 09/03/2026 | RAVI RAM JEE MODANWAL vs Tejas Tarun Vyas | pending / no order on file |
| CC12602301 | 18/04/2026 | ASGAR ALI MOHAMMAD ALI SIDDIQI vs Oyster Realty | pending / no order on file |
The promoter has had the MahaRERA completion deadline formally extended 2 times. 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 |
|---|---|---|
| 31 Dec 2027 | 30 Dec 2023 | Dear Authority, This is with reference to our Ongoing Project Named: Foresta situated at Plot Bearing /CTS/ Survey / Final Plot No. 89/1 at Kashigaon Mira Road East Mira¬Bhayan |
| 31 Dec 2027 | 31 Dec 2027 | To, Maharashtra Real Estate Regulatory Authority, Mumbai, Maharashtra Dear Authority, This is with reference to our Ongoing Project Named: Foresta situated at Plot Bear |
Located at Nr. St. Xaviers School, Kashi Village, Borivali, Mumbai Suburban, 401107. Per the filed land record, the plot is bounded to the north by 19, to the south by 0, to the east by 72 and to the west by 0. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~16 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 16 km |
| Powai / Hiranandani business park | 17 km |
| Chhatrapati Shivaji Int'l Airport | 20 km |
| Bandra Kurla Complex (BKC) | 23 km |
| Lower Parel / Worli business district | 31 km |
| Nariman Point / Fort | 39 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 Foresta?
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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Last checked against the RERA register: 27 Jul 2026