Vaishnavi Dham Complex
MahaRERA Property Intelligence · Thane
P51700050313 · KHARDI · promoter Icon Construction Builders
| MahaRERA registration | P51700050313 |
| Registered on | 01 Apr 2023 |
| Promoter-declared completion | 31 Mar 2026 |
| Current status | Certificate Signed |
| Against today | about 4 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, Icon Construction Builders is the promoter of record on 127 projects, of which 13 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.
MahaRERA's cost filing puts construction at ~72.0% of the estimated project cost incurred as of the last certificate (₹89.00 Lakh spent against a ₹1.24 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. The declared completion date has already passed while the cost-incurred filing sits at ~72.0% — a wide gap between the promise and the money actually spent on site.
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 12 homes filed with MahaRERA, 4 are sold/booked and 8 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 ₹69.70 Lakh in agreement value so far. Of that, ₹43.66 Lakh (~63%) is already collected, ₹26.04 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.
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 | 101 | 330 sqft (30.65 sqm) | ₹11.49 Lakh |
| Floor 1 | 102 | 365 sqft (33.9 sqm) | ₹12.71 Lakh |
| Floor 1 | 104 | 713 sqft (66.23 sqm) | ₹24.84 Lakh |
| Floor 2 | 203 | 329 sqft (30.56 sqm) | ₹11.46 Lakh |
| Floor 2 | 204 | 713 sqft (66.23 sqm) | ₹24.84 Lakh |
| Floor 3 | 301 | 330 sqft (30.65 sqm) | ₹11.49 Lakh |
| Floor 3 | 302 | 365 sqft (33.9 sqm) | ₹12.71 Lakh |
| Ground/Floor 0 | 001 | 700 sqft (65.03 sqm) | ₹24.39 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+3 and 12 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| ICON APARTMENT | 1 | G+3 | 12 | - |
Unit mix on the filing: 12 residential.
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 2 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 2024 | 30 Sep 2025 | DUE NON AVAILABILTY OF LABOUR |
| 31 Dec 2024 | 31 Mar 2026 | DUE TO PROLONGED RAINS THEWORK COLUD NOT BE COMPLETED BY SETEMBER 2025 AS THEREWAS NON AVAILABILITY OF LABOUR |
Located at KHARDI, NIL, Bhiwandi, Thane, 421601. Per the filed land record, the plot is bounded to the north by PLOT 20, to the south by PLOT22, to the east by RAILWAY LINE and to the west by ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~8208 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 |
|---|---|
| Nariman Point / Fort | 8206 km |
| Lower Parel / Worli business district | 8208 km |
| Chhatrapati Shivaji Int'l Airport | 8212 km |
| Bandra Kurla Complex (BKC) | 8212 km |
| Andheri MIDC / SEEPZ | 8213 km |
| Powai / Hiranandani business park | 8217 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 ICON APARTMENT?
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