INDRA NEEL

Delivery and registration

When is the project declared for completion?

INDRA NEEL is registered with MahaRERA as P51700027465 and the promoter has declared completion for 30 May 2027.

The completion date and status as they stand on the MahaRERA registration record.

Source · MahaRERA project registration · read 12 Jul 2026

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for INDRA NEEL record 24 quarterly progress reports since registration.

Entries as they appear on MahaRERA's own lists and the project's progress filing.

Source · MahaRERA defaulter, deregistration and QPR lists · read 12 Jul 2026

• Current QPR default — the promoter has stopped filing the mandatory quarterly progress report (FY 2025-2026).

Promoter record

What else is this promoter on record for?

Sonam Spark Infra is the promoter of record on 5 projects registered with MahaRERA, none of which carry a MahaRERA regulator flag (insolvency, deregistration, completion lapse or QPR default).

Counted across Quietlist's full MahaRERA register store, matched on the promoter name as it appears on each filing.

Source · MahaRERA register, all projects · read 12 Jul 2026

Construction

How much construction cost has been reported?

In INDRA NEEL, ₹186.87 Cr of a declared ₹187.00 Cr estimated project cost is reported as incurred, about 99.9%, as at the last certified filing with MahaRERA.

Cost incurred as last certified to MahaRERA. It is a financial measure, not a survey of site work, and it can lag on-site reality between filings.

Source · MahaRERA quarterly progress filing · read 12 Jul 2026

Sales

How much has actually been sold?

In INDRA NEEL, 139 of 187 homes filed with MahaRERA are recorded as sold or booked, about 74%, and 48 remain available.

Counts and agreement value as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. Of that agreement value, ₹203.93 Cr (about 87%) is recorded as collected and ₹30.24 Cr as receivable. The project registers 193 homes in total, while this sold/unsold inventory filing covers 187 of them.

Source · MahaRERA sold/unsold inventory filing · read 12 Jul 2026

What buyers actually paid: across 139 registered agreements, the effective carpet rate is ₹16,706/sqft, with eight in ten falling between ₹14,589 and ₹19,283 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.

The inventory filing also declares: 6 reserved.

What the filings record, home by home

Read from MahaRERA on 18 September 2026

MahaRERA publishes, home by home, what this promoter filed: which homes are sold and which are not, the RERA carpet area of each, and for the sold ones the registered agreement value — the consideration filed for that specific home. On this project 141 homes carry one, and 46 of the 193 are recorded unsold. Since we started watching this ledger, 2 homes have moved out of the unsold list, most recently on 09 September 2026.

Here is one of those unsold homes, priced against what buyers of the same home on other floors actually filed:

A filed consideration is what was registered for one home. It is not a valuation, and MahaRERA does not publish the date of any of these agreements — read a range as a spread, not as a trend. An unsold row means no sale had been filed for it when we looked, which is a filing state, not a promise that the home is available to you today. One of the two observations is an archived copy whose time is the moment the file was written, not a portal fetch time.

In INDRA NEEL, 39 of the 46 unsold homes have agreements filed on their own stack. The Price Comparison Report gives each of them its own row — the filed agreements behind that stack listed in full, the government reckoner value the promoter filed against it, and whether it is mortgaged to a lender while still on the unsold list. Built from the filing itself, sent by email.

See the other 45 homes — ₹2,999 →

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+32 and 193 homes are registered across the project.

Unit mix on the filing: 162 residential and 31 non-residential (shops/offices).

Legal and disputes

What disputes are disclosed?

1 complaint is on the MahaRERA record for INDRA NEEL, with orders passed in 1 of them.

Counts as disclosed in the project record.

Source · MahaRERA project disclosures · read 12 Jul 2026

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 home. This is declared by the promoter; there may be further cases not on the RERA record.

Deadline Extensions

The MahaRERA completion deadline for this project has been formally extended 1 time, as recorded on the register.

Location, Land & Connectivity

Located at BHAYANDER EAST, 100 FEET, Thane, Thane, 401105. Per the filed land record, the plot is bounded to the north by ASHLEY GARDEN BUILDING, to the south by PINNCOCO BUILDING, to the east by GAURAV REGENCY BUILDING and to the west by M G L GAS STATION. These are the boundaries as recorded in the filed land record.

Location & connectivity

The nearest major job hub is ~154 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

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.