MahaRERA Property Intelligence · Raigarh

Indiabulls Savroli - 3

P52000002846 · Near Khalapur Toll Naka · promoter Sylvanus Properties Limited

Certificate SignedDue 31 Dec 2026

Delivery & Registration

MahaRERA registrationP52000002846
Registered on04 Aug 2017
Promoter-declared completion31 Dec 2026
Current statusCertificate Signed
Against today5 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, Sylvanus Properties Limited is the promoter of record on 3 projects, of which none currently 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 ~102.5% of the estimated project cost incurred as of the last certificate (₹286.44 Cr spent against a ₹279.42 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.

Sales & Inventory

Of 558 homes filed with MahaRERA, 129 are sold/booked (93 with registered agreements + 36 booked) and 429 remain available (~23% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹72.47 Cr in agreement value so far. Of that, ₹54.12 Cr (~75%) is already collected, ₹18.35 Cr 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 129 registered agreements, the effective carpet rate is ₹9,710/sqft (typical range ₹7,556–₹12,892) — 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+7 and 558 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
D71G+730-
D81G+730-
D91G+730-
D101G+730-
E51G+732-
E61G+732-
E71G+732-
E81G+732-
F51G+732-
F61G+732-
F71G+732-
F81G+732-
G11G+730-
G21G+732-
G31G+730-
G41G+526-
G51G+732-
G61G+730-
Villa 51G+12-
Villa 61G+1--

Unit mix on the filing: 558 residential.

Complaints & Orders

6 complaints are on the MahaRERA record for this project, with orders passed in 5. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00600000002355201/03/2018M/s. B. T. Conclave Private Limited vs M/s. Sylvanus Properties Limitedorder passed
CC00600000019828008/09/2021Amit Agarwal vs Sylvanus Properties Limitedorder passed
CC00600000023113517/05/2022PRAPTI AMIT KHATURIA vs Sylvanus Properties Limitedorder passed
CC00600000023113717/05/2022AMIT LEKHRAJ KHATURIA vs Sylvanus Properties Limitedorder passed
CC1240045719/10/2024Pranav Shah vs Sylvanus Properties Limitedorder passed
CC1260345805/06/2026MILAN GANDHI vs Sylvanus Properties Limitedpending / no order on file

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 4 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 Mar 202531 Mar 2025The Self Declaration of Reason for Delay is uploaded below in "OTHER" Tab.
31 Mar 202529 Mar 2024(i) Increase in costs of raw materials required for construction of the Project: In the month of February 2022, war broke out between Russia & Ukraine. The Applicant states that, o
30 Mar 202331 Mar 2026We hereby apply for extension of registration of the following project: INDIABULLS SAVROLI ­ 3 registered with the regulatory authority vide project registration certificate bearin
30 Mar 202331 Dec 2026The Self-Declaration for Reason for Delay has been uploaded in the file titled “Annexure 2 – Self Declaration Reasons for Delay Explanatory Note.”

Location, Land & Connectivity

Located at Near Khalapur Toll Naka, Pen Khopoli Road, Ward GSouth, Mumbai City, 410202. Per the filed land record, the plot is bounded to the north by Indiabulls Golf City, to the south by Indiabulls Golf City, to the east by Indiabulls Golf City and to the west by Indiabulls Golf City. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~53 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Nariman Point / Fort50 km
Lower Parel / Worli business district53 km
Bandra Kurla Complex (BKC)53 km
Powai / Hiranandani business park54 km
Chhatrapati Shivaji Int'l Airport55 km
Andheri MIDC / SEEPZ57 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

Sylvanus Properties Limited is the promoter on 3 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

Other flagged projects by Sylvanus Properties Limited

Sylvanus Properties Limited
FlaggedRaigarh
Sylvanus Properties Limited
FlaggedRaigarh

Other RERA-registered projects in Khalapur

Advika Hill City-1
possession by Aug 2026 · M/s Aradhya Developers
Parivaramm Phase -II
possession by Aug 2026 · Vijay Ashok Jeswani
Lakhanis Orchid Woods
possession by Jul 2027 · Lakhani Constructions LLP
K P Tower – Vimal Heights
possession by Dec 2027 · Kishor Kapoorchand Porwal
Magic Hill Enclave
possession by Dec 2027 · Garnet Construction Ltd.
Shree Swami Samarth
possession by Dec 2027 · Jayawant Janardan Bahadkar

Major developers building in Khalapur

Other RERA-registered projects in Raigarh

Indra
declared completion Aug 2023 · Greenbricks Infradevelopers Pvt.ltd.
Indraprashth
possession by Dec 2026 · Suresh Liladhar Toprani
Indraprasth
declared completion Dec 2022 · V C Realty
Indraprastha
declared completion Dec 2020 · A R Constructions
Indraprastha Building 4
possession by Dec 2026 · Indraprastha Associates
Indraprastha Building 6
declared completion Dec 2025 · M/S Indraprastha Associates

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