Ipsit Enterprise
MahaRERA Property Intelligence · Palghar
P99000003777 · PALGHAR · promoter Ipsit Enterprise
| MahaRERA registration | P99000003777 |
| Registered on | 06 Aug 2017 |
| Promoter-declared completion | 30 Jun 2024 |
| Current status | Certificate Signed |
| Against today | about 25 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.
Of 99 homes filed with MahaRERA, 86 are sold/booked and 13 remain available (~87% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹13.41 Cr in agreement value so far. Of that, ₹13.41 Cr (~100%) is already collected, ₹0 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 86 registered agreements, the effective carpet rate is ₹5,282/sqft (typical range ₹3,931–₹6,125) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
The unsold units on the filing — if you're quoted a unit NOT on this list, ask why it shows as sold/booked on the RERA record:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 1 | 103 | 303 sqft (28.14 sqm) | ₹12.24 Lakh |
| Floor 3 | 301 | 495 sqft (46 sqm) | ₹20.01 Lakh |
| Floor 3 | 304 | 297 sqft (27.57 sqm) | ₹11.99 Lakh |
| Floor 3 | 304 | 297 sqft (27.57 sqm) | ₹11.99 Lakh |
| Floor 4 | 401 | 228 sqft (21.15 sqm) | ₹9.20 Lakh |
| Floor 4 | 401 | 303 sqft (28.14 sqm) | ₹12.24 Lakh |
| Floor 4 | 402 | 308 sqft (28.62 sqm) | ₹12.45 Lakh |
| Floor 4 | 403 | 303 sqft (28.14 sqm) | ₹12.24 Lakh |
| Floor 4 | 403 | 303 sqft (28.14 sqm) | ₹12.24 Lakh |
| Ground/Floor 0 | 2 | 180 sqft (16.7 sqm) | ₹9.19 Lakh |
| Ground/Floor 0 | 4 | 167 sqft (15.49 sqm) | ₹6.74 Lakh |
| Ground/Floor 0 | 4 | 112 sqft (10.36 sqm) | ₹5.70 Lakh |
| Ground/Floor 0 | 4 | 183 sqft (17.02 sqm) | ₹9.36 Lakh |
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.
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 and 99 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| BUILDING NO 5 | 1 | G+5 | 99 | 31 Mar 2019 |
Unit mix on the filing: 88 residential and 11 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
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 Jun 2024 | 30 Mar 2020 | SHORT SUPPLY OF SAND & RAW MATERIALS |
| 30 Jun 2024 | 31 Dec 2023 | DUE TO SLOW SALE RECESSION, COVID-19 PANDEMIC & LENDERS BANK NON RELEASE OF GECL, THE PROJECT WAS NOT ABLE TO GET COMPLETED ON THE ABOVE MENTIONED DATE AND WE WERE NOT ABLE TO PROV |
Located at PALGHAR, OFF OLD SATPATI MARG, Borivali, Mumbai Suburban, 401404. Per the filed land record, the plot is bounded to the north by S NO 995, to the south by PHASE 4 BLDG 7 AND 8, to the east by S NO 995 and to the west by INTERNAL ROAD. 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