Fortune Galaxy

Delivery & Registration

Regulatory Standing

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.

• Current QPR default — the promoter has stopped filing the mandatory quarterly progress report (FY 2025-2026).

Construction Progress

MahaRERA's cost filing puts construction at ~37.6% of the estimated project cost incurred as of the last certificate (₹5.35 Cr spent against a ₹14.22 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. With only ~12 months to the declared date and ~37.6% of the cost incurred, ask the promoter how the balance gets built in the time left.

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.

Sales & Inventory

Of 27 homes filed with MahaRERA, 2 are sold/booked and 25 remain available (~7% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹87.90 Lakh in agreement value so far. Of that, ₹7.50 Lakh (~9%) is already collected, ₹80.39 Lakh receivable — a read on how far along these sales really are. Note: the project registers 48 homes in total, but this sold/unsold inventory filing covers only 27 of them — the other 21 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.

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:

⚠ The inventory filing also declares: 21 owner/investor-held. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

Buildings & Wings

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 48 homes are registered across the project.

Unit mix on the filing: 48 residential.

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Location, Land & Connectivity

Located at Thane, Ulhasnagar, Kalyan, Thane, 421004. Per the filed land record, the plot is bounded to the north by Block No A 313 Room No 623 Ulhasnagar 4, to the south by Room No 625 Brk No 312 Ulhasnagar 4, to the east by Open Area and to the west by Block A Type Backside. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Builder track record

Sai Construction is the promoter on 4 MahaRERA-registered projects, of which 2 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:

• Dream24 — Past its declared completion date
• Balkrushna Sankul — Not filing quarterly progress reports

See every Sai Construction project & its RERA track record →

Other flagged projects by Sai Construction

Other RERA-registered projects in Ulhasnagar

Other RERA-registered projects in Thane

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.