MahaRERA Property Intelligence · Thane

Invictus by GS Tower B

PR1335052500426 · Thane · promoter Raymond Realty Limited

Certificate SignedDue 31 Aug 2031

Delivery & Registration

MahaRERA registrationPR1335052500426
Registered on30 Jul 2025
Promoter-declared completion31 Aug 2031
Current statusCertificate Signed
Against today61 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, Raymond Realty Limited is the promoter of record on 26 projects, of which 2 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 ~5.1% of the estimated project cost incurred as of the last certificate (₹16.06 Cr spent against a ₹315.32 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 100 homes filed with MahaRERA, 20 are sold/booked (18 with registered agreements + 2 booked) and 80 remain available (~20% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹118.32 Cr in agreement value so far. Of that, ₹16.92 Cr (~14%) is already collected, ₹101.41 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 20 registered agreements, the effective carpet rate is ₹25,882/sqft (typical range ₹23,886–₹28,096) — 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+42 and 100 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Wing 9 1G+42100-

Unit mix on the filing: 100 residential.

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Legal & Litigation

The promoter has declared 6 court cases 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
High Court Mumbai1582012Ongoing
High Court Mumbai132016Ongoing
High Court Mumbai572016Ongoing
High Court Mumbai712017Ongoing
Maharashtra Revenue Tribunal Mumbai5622019Ongoing
High Court Mumbai302025Ongoing

Location, Land & Connectivity

Located at Thane, Pokhran Road No 2, Thane, Thane, 400606. Per the filed land record, the plot is bounded to the north by Garden reservation plot, to the south by Plot F, to the east by L & T development and to the west by Layout RG area, Plot C. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~13 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Powai / Hiranandani business park13 km
Andheri MIDC / SEEPZ14 km
Chhatrapati Shivaji Int'l Airport18 km
Bandra Kurla Complex (BKC)19 km
Lower Parel / Worli business district28 km
Nariman Point / Fort35 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

Raymond Realty Limited is the promoter on 11 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).

See every Raymond Realty Limited project & its RERA track record →

Other flagged projects by Raymond Realty Limited

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Other RERA-registered projects in Thane

TEN X Habitat Raymond Realty Tower F
possession by Aug 2026 · Raymond Realty Limited
Shreesandesh Heights
possession by Sep 2026 · Aditya Enterprises
Elito Grand Central
possession by Dec 2026 · Fortune Infracreators Private Limited
Glorio Grand Central
possession by Dec 2026 · Ekdant Constructions And Developers Priv
Stella Grand Central
possession by Dec 2026 · Fortune Infracreators Private Limited
Tresora Grand Central
possession by Dec 2026 · Fortune Infracreators Private Limited

Other RERA-registered projects in Thane

IRA Insignia
possession by Dec 2026 · IRA Homes
IRA Pearl
declared completion Jan 2026 · Ronak Builders & Developers
Irasa Greens
possession by Dec 2027 · Suburban Spaces LLP
Iris
declared completion Dec 2019 · Hiranandani Properties Private Limited
Iris A B AND K Phase III
declared completion Dec 2025 · Jeetendra Alias Ravi Amarnath Kapoor
Iris Mira Road E
declared completion Dec 2022 · Jeetendra Alias Ravi Amarnath Kapoor

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