Rishabraj Aradhana
MahaRERA Property Intelligence · Mumbai Suburban
P51800032263 · BORIVALI WEST · promoter Paresh Asher
| MahaRERA registration | P51800032263 |
| Registered on | 20 Dec 2021 |
| Promoter-declared completion | 30 Jun 2025 |
| Current status | Certificate Signed |
| Against today | about 13 months past 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, Paresh Asher is the promoter of record on 10 projects, of which 2 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 102 homes filed with MahaRERA, 71 are sold/booked and 31 remain available (~70% sold) — selling steadily. Buyers have committed ₹78.53 Cr in agreement value so far. Of that, ₹78.50 Cr (~100%) is already collected, ₹3.10 Lakh receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.
What buyers actually paid: across 71 registered agreements, the effective carpet rate is ₹26,004/sqft (typical range ₹22,011–₹30,002) — 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 1 | 1 | 2,193 sqft (203.73 sqm) | ₹5.20 Cr |
| Floor 1 | 2 | 2,096 sqft (194.74 sqm) | ₹4.99 Cr |
| Floor 10 | 1003 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 12 | 1205 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 13 | 1303 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 13 | 1305 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 15 | 1505 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 16 | 1601 | 1,960 sqft (182.05 sqm) | ₹3.37 Cr |
| Floor 16 | 1602 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 16 | 1603 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 16 | 1604 | 2,150 sqft (199.73 sqm) | ₹3.69 Cr |
| Floor 17 | 1701 | 4,250 sqft (394.86 sqm) | ₹7.30 Cr |
| Floor 18 | 1801 | 4,250 sqft (394.86 sqm) | ₹7.30 Cr |
| Floor 19 | 1901 | 1,930 sqft (179.3 sqm) | ₹3.32 Cr |
| Floor 19 | 1902 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 19 | 1903 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 19 | 1904 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 19 | 1905 | 22 sqft (2 sqm) | ₹61.84 Lakh |
| Floor 19 | 1906 | 350 sqft (32.51 sqm) | ₹60.12 Lakh |
| Floor 19 | 1907 | 565 sqft (52.48 sqm) | ₹97.05 Lakh |
| Floor 2 | 1 | 2,193 sqft (203.73 sqm) | ₹5.20 Cr |
| Floor 2 | 2 | 2,107 sqft (195.74 sqm) | ₹5.00 Lakh |
| Floor 3 | 1 | 2,193 sqft (203.73 sqm) | ₹5.20 Cr |
| Floor 3 | 2 | 2,107 sqft (195.74 sqm) | ₹4.99 Cr |
| Floor 7 | 703 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 7 | 705 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 8 | 803 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 8 | 805 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 9 | 908 | 565 sqft (52.48 sqm) | ₹97.05 Lakh |
| Ground/Floor 0 | 1 | 1,352 sqft (125.6 sqm) | ₹3.20 Cr |
| Ground/Floor 0 | 2 | 1,272 sqft (118.17 sqm) | ₹3.01 Cr |
No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing — still confirm your specific unit's status in the agreement.
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.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| FRIENDS BUSINESS BAY | 1 | G+23 | 102 | 30 Jun 2024 |
Unit mix on the filing: 102 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.
The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 |
|---|---|---|
| 30 Jun 2024 | 30 Jun 2025 | Due to shortage of material and labor not able to complete project please grant us extension till 30/06/2025 |
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. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
🔒 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 FRIENDS BUSINESS BAY?
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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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