Ipsit Enterprise
MahaRERA Property Intelligence · Palghar
P99000011851 · PALGHAR · promoter Ipsit Enterprise
| MahaRERA registration | P99000011851 |
| Registered on | 31 Aug 2017 |
| Promoter-declared completion | 30 Jan 2022 |
| Current status | Certificate Signed |
| Against today | about 54 months past the declared date |
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.
Across MahaRERA, Ipsit Enterprise is the promoter of record on 10 projects, of which 5 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.
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+5.
| Building | Wings | Floors | Declared completion |
|---|---|---|---|
| IPSIT NAVODAY PHASE 3 BUILDING NO 1 | 1 | G+5 | 31 Aug 2018 |
| IPSIT NAVODAY PHASE 3 BUILDING NO 2 | 1 | G+5 | 31 Aug 2018 |
2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000055719 | 28/09/2018 | SHANTARAM SHANKAR VEDAK vs HARSHA REALTORS PVT LTD | order passed |
| CC006000000210421 | 17/03/2022 | SHANTARAM SHANKAR VEDAK vs M/s HARSHA REALTORS PVT LTD | order passed |
The promoter has had the MahaRERA completion deadline formally extended 2 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 |
|---|---|---|
| 30 Jan 2022 | 31 Jan 2021 | Shortage of sand and raw material which was beyond our control. Requesting you to grant extension till 31-03-2019. |
| 30 Jan 2022 | 31 Jan 2021 | Due to shortage of material and bank crises we were not able to complete the project on given deadline. we would like to request you to grant us extension till 31/01/2021 |
Located at PALGHAR, OFF OLD SATIPATI MARG, Borivali, Mumbai Suburban, 401404. Per the filed land record, the plot is bounded to the north by BUILDING NO 3 AND 4 OF 4TH PHASE, to the south by NORTH VILLAGE ROAD, to the east by INTERNAL LAYOUT ROAD and to the west by S NO 995. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~63 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 63 km |
| Powai / Hiranandani business park | 66 km |
| Chhatrapati Shivaji Int'l Airport | 68 km |
| Bandra Kurla Complex (BKC) | 70 km |
| Lower Parel / Worli business district | 77 km |
| Nariman Point / Fort | 85 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.
🔒 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.
🔒 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.
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Ipsit Enterprise is the promoter on 8 MahaRERA-registered projects, of which 4 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 Ipsit Enterprise project & its RERA track record →
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