MahaRERA Property Intelligence · Thane

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P51700078788 · Bhayandar west · promoter Marvel Constructions

Certificate SignedDue 31 Dec 2029

Delivery & Registration

MahaRERA registrationP51700078788
Registered on13 Jan 2025
Promoter-declared completion31 Dec 2029
Current statusCertificate Signed
Against today41 months to the declared date

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.

Builder Track Record

Across MahaRERA, Marvel Constructions is the promoter of record on 54 projects, of which 32 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.

Construction Progress

MahaRERA's cost filing puts construction at ~32.5% of the estimated project cost incurred as of the last certificate (₹22.75 Cr spent against a ₹70.00 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.

Sales & Inventory

Of 78 homes filed with MahaRERA, 7 are sold/booked and 71 remain available (~9% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹3.99 Cr in agreement value so far. Of that, ₹2.33 Cr (~58%) is already collected, ₹1.67 Cr receivable — a read on how far along these sales really are. Note: the project registers 106 homes in total, but this sold/unsold inventory filing covers only 78 of them — the other 28 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 7 registered agreements, the effective carpet rate is ₹23,714/sqft (typical range ₹23,714–₹30,087) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

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.

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+19 and 106 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A Building1G+19106-

Unit mix on the filing: 91 residential and 15 non-residential (shops/offices).

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 Bhayandar west, Bhayandar, Thane, Thane, 401101. Per the filed land record, the plot is bounded to the north by Survey no 250, to the south by 9 mtr Existing Road, to the east by Shopping Center and to the west by Survey no 252. 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.

Unlock in the ₹999 report →

🔒 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.

Unlock in the ₹2,999 report →

🔒 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.

Unlock in the ₹999 report →

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Other RERA-registered projects in Bhayander West

Anantsavitri Ratna Heights
possession by Aug 2026 · Krisha Realty
Bhairav Enclave
possession by Aug 2026 · Leena Estate Venture
Mukundam
possession by Aug 2026 · Shree Ramjeevdani Realtors
Saroj Chandra Krupa
possession by Oct 2026 · S C Associates
SAI Hanuman Tower
possession by Dec 2026 · Shree Samartha Developers
Chandanbala
possession by Dec 2026 · Hemant Sagarmal Jain

Other RERA-registered projects in Thane

Icon Apartment
declared completion Mar 2026 · Icon Construction Builders & Develop
Ideal Park
declared completion Aug 2019 · Ideal Builder & Developers
Iflex Spaces
possession by Dec 2027 · RNV Developers Private Limited
Ikigai - Phase 1
possession by Dec 2031 · Puranik Tokyo Bay Private Limited
Ikigai Phase 2
possession by Dec 2030 · Puranik Tokyo Bay Private Limited
Immensa A
declared completion Dec 2025 · Agile Real Estate Pvt. Ltd.

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: 27 Jul 2026