Shree SAI Apartment
MahaRERA Property Intelligence · Palghar
P99000054181 · PANCHALI · promoter Shekar Raj Builders
| MahaRERA registration | P99000054181 |
| Registered on | 03 Jan 2024 |
| Promoter-declared completion | 31 Mar 2027 |
| Current status | Certificate Signed |
| Against today | 8 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, Shekar Raj Builders is the promoter of record on 4 projects, of which 1 carries 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 ~97.6% of the estimated project cost incurred as of the last certificate (₹2.36 Cr spent against a ₹2.42 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 39 homes filed with MahaRERA, 24 are sold/booked and 15 remain available (~62% sold) — selling steadily. Buyers have committed ₹4.46 Cr in agreement value so far. Of that, ₹4.40 Cr (~99%) is already collected, ₹6.02 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 24 registered agreements, the effective carpet rate is ₹7,593/sqft (typical range ₹5,833–₹11,988) — 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 | 104 | 304 sqft (28.27 sqm) | ₹10.95 Lakh |
| Floor 1 | 105 | 304 sqft (28.27 sqm) | ₹10.95 Lakh |
| Floor 2 | 204 | 304 sqft (28.27 sqm) | ₹10.95 Lakh |
| Floor 2 | 205 | 304 sqft (28.27 sqm) | ₹10.95 Lakh |
| Floor 3 | 302 | 304 sqft (28.27 sqm) | ₹10.95 Lakh |
| Floor 4 | 402 | 304 sqft (28.27 sqm) | ₹10.95 Lakh |
| Ground/Floor 0 | shop no 02 | 130 sqft (12.04 sqm) | ₹6.42 Lakh |
| Ground/Floor 0 | shop no 03 | 166 sqft (15.4 sqm) | ₹8.22 Lakh |
| Ground/Floor 0 | shop no 04 | 146 sqft (13.54 sqm) | ₹7.22 Lakh |
| Ground/Floor 0 | shop no 05 | 102 sqft (9.46 sqm) | ₹5.05 Lakh |
| Ground/Floor 0 | shop no 1 | 169 sqft (15.68 sqm) | ₹8.37 Lakh |
| Ground/Floor 0 | shop no 11 | 166 sqft (15.4 sqm) | ₹8.22 Lakh |
| Ground/Floor 0 | shop no 12 | 130 sqft (12.04 sqm) | ₹6.42 Lakh |
| Ground/Floor 0 | shop no 13 | 171 sqft (15.84 sqm) | ₹8.45 Lakh |
| Ground/Floor 0 | shop no 14 | 107 sqft (9.9 sqm) | ₹5.28 Lakh |
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+4 and 39 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| HANVIKA HEIGHTS BUILDING NO 5 TYPE B3 | 1 | G+4 | 39 | 31 Mar 2026 |
Unit mix on the filing: 24 residential and 15 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 |
|---|---|---|
| 31 Mar 2026 | 31 Mar 2027 | Project is almost completed AND PERT CHART UPLOADED BELOW , occupancy certificate awaited |
Located at PANCHALI, PALGHAR BOISAR ROAD, Thane, Thane, 401404. Per the filed land record, the plot is bounded to the north by VACANT LAND, to the south by VACANT LAND, to the east by PARASNATH TOWNSHIPBLDG NO2 and to the west by SCHOOL. 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 HANVIKA HEIGHTS?
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
Scan with any UPI app to pay · quietlist@kotak
Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
Not useful to your decision? Full refund — no questions asked.
Scan with any UPI app to pay · quietlist@kotak
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.
Free · Watch this project
We'll email you when this project's RERA record changes.
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