Mumbai/Project record

MahaRERA · the public record

FRIENDS BUSINESS BAY

BORIVALI WEST · PARESH ASHER

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31units filed as unsoldInventory · 19 July 2026
30 Jun 2025declared completionMahaRERA registration · read 12 Jul 2026
102registered unitsMahaRERA registration · read 12 Jul 2026

The record · free to read

Registration read 12 Jul 2026

Progress & dates

The timeline on file.

Available record

No construction trend to plot.

The records used for this page do not supply a series of construction percentages. This does not establish whether possession has been given.

declared completion

30 Jun 2025

The registered date and a construction update answer different questions. Neither is a confirmation of possession.

MahaRERA registration · read 12 Jul 2026

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The source record

The details behind the headline.

MahaRERA · P51800032263

Delivery and registration

When is the project declared for completion?

FRIENDS BUSINESS BAY is registered with MahaRERA as P51800032263 and the promoter has declared completion for 30 Jun 2025.

30 Jun 2025

declared completion

15months past

against the declared date

The completion date and status as they stand on the MahaRERA registration record.

Source · MahaRERA project registration · read 12 Jul 2026

MahaRERA registrationP51800032263
Registered on20 Dec 2021
Promoter-declared completion30 Jun 2025
Current statusCertificate Signed
Against todayabout 15 months past the declared date

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for FRIENDS BUSINESS BAY record 15 quarterly progress reports since registration.

Entries as they appear on MahaRERA's own lists and the project's progress filing.

Source · MahaRERA defaulter, deregistration and QPR lists · read 12 Jul 2026

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

Promoter record

What else is this promoter on record for?

Paresh Asher is the promoter of record on 11 projects registered with MahaRERA, 2 of which carry a MahaRERA regulator flag (insolvency, deregistration, completion lapse or QPR default).

11projects

registered with MahaRERA

2flagged

by MahaRERA

Counted across Quietlist's full MahaRERA register store, matched on the promoter name as it appears on each filing.

Source · MahaRERA register, all projects · read 12 Jul 2026

Sales

How much has actually been sold?

In FRIENDS BUSINESS BAY, 71 of 102 homes filed with MahaRERA are recorded as sold or booked, about 70%, and 31 remain available.

70%sold

71 of 102 homes

₹78.53 Cr

committed by buyers

Counts and agreement value as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. Of that agreement value, ₹78.50 Cr (about 100%) is recorded as collected and ₹3.10 Lakh as receivable.

Source · MahaRERA sold/unsold inventory filing · read 12 Jul 2026

What buyers actually paid: across 71 registered agreements, the effective carpet rate is ₹26,004/sqft, with eight in ten falling between ₹22,011 and ₹30,002 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.

The units recorded as unsold on the filing. The reckoner value is the government's ready-reckoner assessment the promoter filed against that unit, the figure stamp duty is charged on. It is not a price anyone paid, not an asking price, and not a valuation of the home.

FloorUnitCarpetGovt reckoner value
Floor 112,193 sqft (203.73 sqm)₹5.20 Cr
Floor 122,096 sqft (194.74 sqm)₹4.99 Cr
Floor 101003590 sqft (54.81 sqm)₹1.01 Cr
Floor 121205105 sqft (9.75 sqm)₹18.04 Lakh
Floor 131303590 sqft (54.81 sqm)₹1.01 Cr
Floor 131305105 sqft (9.75 sqm)₹18.04 Lakh
Floor 151505105 sqft (9.75 sqm)₹18.04 Lakh
Floor 1616011,960 sqft (182.05 sqm)₹3.37 Cr
Floor 161602105 sqft (9.75 sqm)₹18.04 Lakh
Floor 161603105 sqft (9.75 sqm)₹18.04 Lakh
Floor 1616042,150 sqft (199.73 sqm)₹3.69 Cr
Floor 1717014,250 sqft (394.86 sqm)₹7.30 Cr
Floor 1818014,250 sqft (394.86 sqm)₹7.30 Cr
Floor 1919011,930 sqft (179.3 sqm)₹3.32 Cr
Floor 191902590 sqft (54.81 sqm)₹1.01 Cr
Floor 191903105 sqft (9.75 sqm)₹18.04 Lakh
Floor 191904105 sqft (9.75 sqm)₹18.04 Lakh
Floor 19190522 sqft (2 sqm)₹61.84 Lakh
Floor 191906350 sqft (32.51 sqm)₹60.12 Lakh
Floor 191907565 sqft (52.48 sqm)₹97.05 Lakh
Floor 212,193 sqft (203.73 sqm)₹5.20 Cr
Floor 222,107 sqft (195.74 sqm)₹5.00 Lakh
Floor 312,193 sqft (203.73 sqm)₹5.20 Cr
Floor 322,107 sqft (195.74 sqm)₹4.99 Cr
Floor 7703590 sqft (54.81 sqm)₹1.01 Cr
Floor 7705105 sqft (9.75 sqm)₹18.04 Lakh
Floor 8803590 sqft (54.81 sqm)₹1.01 Cr
Floor 8805105 sqft (9.75 sqm)₹18.04 Lakh
Floor 9908565 sqft (52.48 sqm)₹97.05 Lakh
Ground/Floor 011,352 sqft (125.6 sqm)₹3.20 Cr
Ground/Floor 021,272 sqft (118.17 sqm)₹3.01 Cr

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.

What the filings record, home by home

Read from MahaRERA on 19 July 2026

MahaRERA publishes, home by home, what this promoter filed: which homes are sold and which are not, the RERA carpet area of each, and for the sold ones the registered agreement value — the consideration filed for that specific home. On this project 71 homes carry one, and 31 of the 102 are recorded unsold.

Here is one of those unsold homes, priced against what buyers of the same home on other floors actually filed:

HomeCarpetFiled for the same home on other floorsBased on
1602105 sqftRs 26.25 lakh typical, over Rs 23.10 lakh to Rs 36.77 lakh13 filed at this size

A filed consideration is what was registered for one home. It is not a valuation, and MahaRERA does not publish the date of any of these agreements — read a range as a spread, not as a trend. An unsold row means no sale had been filed for it when we looked, which is a filing state, not a promise that the home is available to you today. Only one observation of this ledger so far: no change can be reported yet. This observation is an archived copy whose time is the moment the file was written, not a portal fetch time.

In FRIENDS BUSINESS BAY, 16 of the 31 unsold homes have agreements filed on their own stack. The Price Comparison Report gives each of them its own row — the filed agreements behind that stack listed in full, the government reckoner value the promoter filed against it, and whether it is mortgaged to a lender while still on the unsold list. Built from the filing itself, sent by email.

See the other 30 homes — ₹2,999 →

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+23 and 102 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
FRIENDS BUSINESS BAY1G+2310230 Jun 2024

Unit mix on the filing: 102 non-residential (shops/offices).

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading.

Deadline Extensions

The MahaRERA completion deadline for this project has been formally extended 1 time, as recorded on the register.

FromExtended toStated reason
as registered30 Jun 2025Due to shortage of material and labor not able to complete project please grant us extension till 30/06/2025

Location, Land & Connectivity

Located at BORIVALI WEST, L.T. ROAD, Borivali, Mumbai Suburban, 400092. Per the filed land record, the plot is bounded to the north by Yogeshwar Kripa, to the south by L T Road, to the east by Jay Santoshi Ma Bldg and to the west by Vacant Plot. These are the boundaries as recorded in the filed land record.

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Other RERA-registered projects in Borivali West

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Shikhhar
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Swastik
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Signet
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Major developers building in Borivali West

Other RERA-registered projects in Mumbai Suburban

Friends Trimbakeshwar CHS LTD
possession by Mar 2028 · Nivara Infradeveloprs LLP
Gagan 138
declared completion Dec 2025 · Gagangiri Construction
Gagan 52
possession by Apr 2031 · Gagangiri Construction
Gagan Giri Co-Operative Housing Society Limited
possession by Dec 2026 · Mishal Construction Private Limited
Gagan Vihar Co-Operative Housing Society Limited
declared completion Dec 2021 · Mishal Construction Private Limited
Gagangiri Complex
declared completion Dec 2021 · OM Gagangiri Development Corporation

What to verify before you book

  1. Confirm the MahaRERA registration is live and read the project page on the MahaRERA portal for the sanctioned plan, approvals and the promoter's quarterly progress reports.
  2. Check the declared completion date against actual site progress — registration is not the same as a delivered, occupancy-certified building.
  3. Verify the exact carpet area, floor and unit number in your agreement match the sanctioned plan (not the brochure's saleable area).
  4. Confirm the title, the 7/12 land extract and that your payments go to the project's designated RERA escrow account.

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: 20 Sep 2026