MahaRERA Property Intelligence · Thane

Jai Bhavani Chs Ltd SRA Project

P51700003912 · Gandhi Nagar · promoter Heer Realty Ventures

Certificate SignedDue 31 Dec 2026

Delivery & Registration

MahaRERA registrationP51700003912
Registered on06 Aug 2017
Promoter-declared completion31 Dec 2026
Current statusCertificate Signed
Against today5 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, Heer Realty Ventures is the promoter of record on 18 projects, of which 1 carries 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 ~84.4% of the estimated project cost incurred as of the last certificate (₹207.70 Cr spent against a ₹246.10 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 359 homes filed with MahaRERA, 271 are sold/booked (200 with registered agreements + 71 booked) and 88 remain available (~75% sold) — selling steadily. Buyers have committed ₹322.85 Cr in agreement value so far. Of that, ₹235.44 Cr (~73%) is already collected, ₹87.90 Cr receivable — a read on how far along these sales really are. Note: the project registers 682 homes in total, but this sold/unsold inventory filing covers only 359 of them — the other 323 aren't in the ledger yet. Ask the builder what they are (an unreleased phase, held-back stock, or non-saleable/car-park units) before reading too much into the percentage. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

What buyers actually paid: across 271 registered agreements, the effective carpet rate is ₹17,095/sqft (typical range ₹13,126–₹20,975) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

⚠ The inventory filing also declares: 323 reserved. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+34 and 682 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Rehab Building Jai Bhavani1G+25328-
Sale Bldg.1G+34351-
Sale Parking Bldg.1G+303-

Unit mix on the filing: 315 residential and 367 non-residential (shops/offices).

Complaints & Orders

1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00600000015121415/10/2019VIJAY TIKU vs HEER REALITY VENTURES PVT LTDorder passed

Deadline Extensions

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 Dec 202530 Jun 2025We have changed the project from Residential cum Commercial project to Commercial Project for Sale Building which involved many changes in project implementation program and furthe
30 Nov 202231 Dec 2026The project was started prior to outbreak of COVID-19, which had an impact on real estate project for nearly 2 years, from March 2020 to February 2022 which has severely impacted t

Location, Land & Connectivity

Located at Gandhi Nagar, Pokhran Road no. 2, Thane, Thane, 400606. Per the filed land record, the plot is bounded to the north by Municipal School No 110, to the south by Municipal DP Road, to the east by Shree Bhairavnath Soc and to the west by Ashar Monarch Residency CHS Ltd. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~12 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Powai / Hiranandani business park12 km
Andheri MIDC / SEEPZ13 km
Chhatrapati Shivaji Int'l Airport17 km
Bandra Kurla Complex (BKC)19 km
Lower Parel / Worli business district27 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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Other RERA-registered projects in Thane

JAI Estate Phase III
declared completion Dec 2021 · Swarland Developers Limited
JAI Ganesh CO-Operative Housing Society LTD
possession by Dec 2026 · Deepali Landscape
JAI Guruji Tower
declared completion Jun 2023 · OM SAI Construction AND Developers
Jai Guruprasad
declared completion Oct 2024 · NYP Developers
JAI Jhulelal CO. OP. Hsg. SOC
declared completion Dec 2024 · M/s. Shubham Developers
JAI Malhar Plaza
possession by Aug 2026 · Swaminarayan Residency

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