Neelkanth Sadan
MahaRERA Property Intelligence · Thane
P51700014458 · SHELAR · promoter Ashwin Kumar Jain
| MahaRERA registration | P51700014458 |
| Registered on | 04 Dec 2017 |
| Promoter-declared completion | 31 Dec 2028 |
| Current status | Certificate Signed |
| Against today | 29 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, Ashwin Kumar Jain is the promoter of record on 30 projects, of which 3 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 266 homes filed with MahaRERA, 87 are sold/booked (57 with registered agreements + 30 booked) and 179 remain available (~33% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹14.83 Cr in agreement value so far. Of that, ₹10.45 Cr (~70%) is already collected, ₹4.30 Cr receivable — a read on how far along these sales really are. Note: the project registers 280 homes in total, but this sold/unsold inventory filing covers only 266 of them — the other 14 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 87 registered agreements, the effective carpet rate is ₹260/sqft (typical range ₹215–₹401) — 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: 14 owner/investor-held. 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+10 and 280 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| 1 | 1 | G+7 | 28 | 29 Dec 2022 |
| 3 | 1 | G+10 | 35 | 29 Dec 2022 |
| 2 | 1 | G+7 | 28 | 29 Dec 2022 |
| 5 | 1 | G+7 | 28 | 29 Dec 2022 |
| 7 | 1 | G+7 | 28 | 29 Dec 2022 |
| 8 | 1 | G+7 | 28 | 29 Dec 2022 |
| 6 | 1 | G+10 | 35 | 29 Dec 2022 |
| 4 | 1 | G+10 | 35 | 29 Dec 2022 |
| 9 | 1 | G+10 | 35 | 29 Dec 2022 |
Unit mix on the filing: 280 residential.
2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000023419 | 21/02/2018 | kapil kapadia vs Ashwin Kumar Jain | order passed |
| CC006000000057514 | 13/01/2019 | Suryakant Padharia vs Ashwin Kumar Jain | order passed |
The promoter has had the MahaRERA completion deadline formally extended 3 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 2025 | 31 Dec 2025 | Due to the delay in getting approvals and delay due to COVID, we have come under tremendous financial stress. We have managed to complete two buildings in the last two years. Banks |
| 31 Dec 2025 | 29 Jun 2022 | The project has got delayed due to non-payment of dues by customers and lack of further sales. Funds have dried up and we are awaiting funding lines from bank. We hope to restart o |
| 30 Jun 2021 | 31 Dec 2028 | as given earlier |
Located at SHELAR, WADA ROAD, Kurla, Mumbai Suburban, 421302. Per the filed land record, the plot is bounded to the north by 5, to the south by 5, to the east by 6 and to the west by 5. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~28 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 | 28 km |
| Andheri MIDC / SEEPZ | 30 km |
| Chhatrapati Shivaji Int'l Airport | 33 km |
| Bandra Kurla Complex (BKC) | 35 km |
| Lower Parel / Worli business district | 44 km |
| Nariman Point / Fort | 51 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 GEBI PRERNA?
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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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