MahaRERA Property Intelligence · Thane

IKIGAI - Phase 1

P51700006605 · Ghodbunder Road · promoter Puranik Tokyo Bay

Certificate SignedDue 30 Dec 2031

Delivery & Registration

MahaRERA registrationP51700006605
Registered on14 Aug 2017
Promoter-declared completion30 Dec 2031
Current statusCertificate Signed
Against today65 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, Puranik Tokyo Bay is the promoter of record on 40 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.

Sales & Inventory

Of 542 homes filed with MahaRERA, 485 are sold/booked (478 with registered agreements + 7 booked) and 57 remain available (~89% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹223.98 Cr in agreement value so far. Of that, ₹114.41 Cr (~51%) is already collected, ₹109.53 Cr receivable — a read on how far along these sales really are. Note: the project registers 623 homes in total, but this sold/unsold inventory filing covers only 542 of them — the other 81 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 485 registered agreements, the effective carpet rate is ₹11,687/sqft (typical range ₹10,336–₹12,543) — 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: 9 reserved and 72 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+42 and 623 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Building A1 - Hana1G+42311-
Building A2 - Ayami1G+42312-

Unit mix on the filing: 623 residential.

Complaints & Orders

7 complaints are on the MahaRERA record for this project, with orders passed in 3. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00600000009002108/07/2019UNNATHI ASSOCIATES vs Sai Pushp Enterprisesorder passed
CC00600000029255105/09/2022PULKESH G MAJUMDAR vs PURANIKS BUILDERorder passed
CC1260175227/03/2026Puranik Tokyo Bay Private Limited vs HITENDRA VIJAY CHHEDApending / no order on file
CC1260178327/03/2026Puranik Tokyo Bay Private Limited vs MOHAMMAD AMJAD SHAIKHorder passed
CC1260198003/04/2026Puranik Tokyo Bay Private Limited vs Firdosh Mohammad Saleem Hashmipending / no order on file
CC1260208409/04/2026Puranik Tokyo Bay Private Limited vs MR SUJIT JOYDEV BAUGpending / no order on file
CC1260439214/07/2026Puranik Tokyo Bay Private Limited vs Mr Nitin Gokulepending / no order on file

Legal & Litigation

The promoter has declared 1 court case on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.

CourtCase no.YearStatus
Maharashtra Real Estate Regulatory AuthorityCC0060000002925512022For Hearing

Location, Land & Connectivity

Located at Ghodbunder Road, Ghodbunder Road, Thane, Thane, 400615. Per the filed land record, the plot is bounded to the north by Survey No 45-1, to the south by 40 M DP Road, to the east by Survey No 113-17 18 20 21 22 and 23 and to the west by DP Road and Survey No 45-8. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~17 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Powai / Hiranandani business park17 km
Andheri MIDC / SEEPZ17 km
Chhatrapati Shivaji Int'l Airport21 km
Bandra Kurla Complex (BKC)24 km
Lower Parel / Worli business district32 km
Nariman Point / Fort40 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.

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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Builder track record

Puranik Tokyo Bay Private Limited is the promoter on 6 MahaRERA-registered projects, of which 1 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:

See every Puranik Tokyo Bay Private Limited project & its RERA track record →

Other flagged projects by Puranik Tokyo Bay Private Limited

Puranik Tokyo Bay Private Limited
FlaggedThane
Puranik Tokyo Bay Private Limited
FlaggedThane
Puranik Tokyo Bay Private Limited
FlaggedThane
Puranik Tokyo Bay Private Limited
Deregistered by MahaRERAThane
Puranik Tokyo Bay Private Limited
FlaggedThane

Other RERA-registered projects in Owale

ACE Aristo
possession by Oct 2026 · Gaurav Land Corporation
Metro Hive D-1
possession by Dec 2026 · Vihang Infrastructure PVT LTD
Puranik Home Town - E
possession by Dec 2026 · Puranik Builders Limited
Vihang Plaza - A Commecial
possession by Dec 2026 · Vihang Enterprises
Vihang Woods
possession by Dec 2026 · Vihang Enterprises
Ace Enclave
possession by Dec 2026 · Ace Signature Homes LLP

Major developers building in Owale

Other RERA-registered projects in Thane

Ikigai Phase 2
possession by Dec 2030 · Puranik Tokyo Bay Private Limited
Immensa A
declared completion Dec 2025 · Agile Real Estate Pvt. Ltd.
Immensa B
declared completion Dec 2025 · Agile Real Estate Pvt. Ltd.
Immensa C
declared completion Dec 2025 · Agile Real Estate Pvt. Ltd.
Immensa D
declared completion Dec 2025 · Agile Real Estate Pvt. Ltd.
Immensa E
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