Mumbai/Project record

MahaRERA · the public record

INNOVATIVE CRYSTAL

KHARGHAR · PINNACLE CONSTRUCTION

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14units filed as unsoldInventory · 19 September 2026
31 Dec 2027declared completionMahaRERA registration · read 12 Jul 2026
39registered unitsMahaRERA registration · read 12 Jul 2026

The record · free to read

Registration read 12 Jul 2026

Progress & dates

The timeline on file.

Available record

No construction trend to plot.

The records used for this page do not supply a series of construction percentages. This does not establish whether possession has been given.

declared completion

31 Dec 2027

The registered date and a construction update answer different questions. Neither is a confirmation of possession.

MahaRERA registration · read 12 Jul 2026

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The source record

The details behind the headline.

MahaRERA · P52000054880

Delivery and registration

When is the project declared for completion?

INNOVATIVE CRYSTAL is registered with MahaRERA as P52000054880 and the promoter has declared completion for 31 Dec 2027.

31 Dec 2027

declared completion

15months to go

against the declared date

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

Source · MahaRERA project registration · read 12 Jul 2026

MahaRERA registrationP52000054880
Registered on15 Feb 2024
Promoter-declared completion31 Dec 2027
Current statusCertificate Signed
Against today15 months to the declared date

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for INNOVATIVE CRYSTAL record 9 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

  • Filing progress reports — 9 quarterly progress reports on record since registration, with no current default.

Promoter record

What else is this promoter on record for?

Pinnacle Construction is the promoter of record on 46 projects registered with MahaRERA, 5 of which carry a MahaRERA regulator flag (insolvency, deregistration, completion lapse or QPR default).

46projects

registered with MahaRERA

5flagged

by MahaRERA

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 INNOVATIVE CRYSTAL, ₹3.66 Cr of a declared ₹4.19 Cr estimated project cost is reported as incurred, about 87.4%, as at the last certified filing with MahaRERA.

87.4%

₹3.66 Cr

of ₹4.19 Cr declared cost

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 INNOVATIVE CRYSTAL, 22 of 39 homes filed with MahaRERA are recorded as sold or booked, about 56%, and 17 remain available.

56%sold

22 of 39 homes

₹10.24 Cr

committed by buyers

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, ₹7.02 Cr (about 69%) is recorded as collected and ₹3.22 Cr as receivable.

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

What buyers actually paid: across 22 registered agreements, the effective carpet rate is ₹13,321/sqft, with eight in ten falling between ₹11,316 and ₹14,076 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.

The units recorded as unsold on the filing. The reckoner value is the government's ready-reckoner assessment the promoter filed against that unit, the figure stamp duty is charged on. It is not a price anyone paid, not an asking price, and not a valuation of the home.

FloorUnitCarpetGovt reckoner value
Floor 1101274 sqft (25.47 sqm)₹25.19 Lakh
Floor 1105530 sqft (49.26 sqm)₹48.71 Lakh
Floor 2201274 sqft (25.47 sqm)₹25.19 Lakh
Floor 3303313 sqft (29.04 sqm)₹28.72 Lakh
Floor 3304319 sqft (29.64 sqm)₹29.31 Lakh
Floor 3305530 sqft (49.26 sqm)₹48.71 Lakh
Floor 4401274 sqft (25.47 sqm)₹25.19 Lakh
Floor 4402323 sqft (29.99 sqm)₹29.66 Lakh
Floor 4404319 sqft (29.64 sqm)₹29.31 Lakh
Floor 5501274 sqft (25.47 sqm)₹25.19 Lakh
Floor 6601274 sqft (25.47 sqm)₹25.19 Lakh
Floor 7701274 sqft (25.47 sqm)₹25.19 Lakh
Ground/Floor 0SHOP-02158 sqft (14.66 sqm)₹18.11 Lakh
Ground/Floor 0SHOP-03266 sqft (24.73 sqm)₹30.54 Lakh
Ground/Floor 0SHOP-04178 sqft (16.55 sqm)₹20.44 Lakh
Ground/Floor 0SHOP-05179 sqft (16.66 sqm)₹20.57 Lakh
Ground/Floor 0Shop -01146 sqft (13.58 sqm)₹16.77 Lakh

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.

What the filings record, home by home

Read from MahaRERA on 19 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 25 homes carry one, and 14 of the 39 are recorded unsold. Since we started watching this ledger, 3 homes have moved out of the unsold list, most recently on 11 September 2026.

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

HomeCarpetFiled for the same home on other floorsBased on
304319 sqftRs 42.25 lakh typical, over Rs 38.50 lakh to Rs 44.59 lakh6 filed on this stack, floors 1–7

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 INNOVATIVE CRYSTAL, 10 of the 14 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 13 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+7 and 39 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
INNOVATIVE CRYSTAL1G+739-

Unit mix on the filing: 39 residential.

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading.

Location, Land & Connectivity

Located at KHARGHAR, PLOT NO 47C, SEC 34A, Thane, Thane, 410210. Per the filed land record, the plot is bounded to the north by 15M ROAD, to the south by PLOT NO 17, to the east by 47B and to the west by 15M ROAD. These are the boundaries as recorded in the filed land record.

Location & connectivity

The nearest major job hub is ~19 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Powai / Hiranandani business park19 km
Bandra Kurla Complex (BKC)22 km
Chhatrapati Shivaji Int'l Airport23 km
Andheri MIDC / SEEPZ23 km
Lower Parel / Worli business district28 km
Nariman Point / Fort32 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.

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Builder track record

Pinnacle Construction is the promoter on 7 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 Pinnacle Construction

Pinnacle Construction
FlaggedRaigarh
Pinnacle Construction
FlaggedThane

Other RERA-registered projects in Kharghar

Tharwani Palladian
possession by Sep 2026 · Tharwani Realtors
Balaji Park
possession by Oct 2026 · Mohansingh Tararam Choudhary
Krishna Aura
possession by Oct 2026 · Qualitas Lifespaces LLP
Ashwini Apartment
possession by Dec 2026 · Kuldeepsingh Amarsingh Bhalothia
Bhagwati Luxuria
possession by Dec 2026 · Bhagwati Signature LLP
Elysian
possession by Dec 2026 · Devam Ventures

Major developers building in Kharghar

Other RERA-registered projects in Raigarh

Innovative Galaxy II
declared completion Dec 2022 · Innovative Construction Co.
Innovative Icon
possession by Dec 2028 · Cemcon Developers
Innovative Plaza II
possession by Dec 2028 · Pinnacle Construction
Insignia
declared completion Dec 2018 · Shagun Realty
Inspire
declared completion Dec 2022 · Lifespace Realty
Intelligentia Supreme By Haware Properties
possession by Dec 2030 · Sayaan Buildcon

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: 20 Sep 2026