Honest Developers
MahaRERA Property Intelligence · Thane
P51700033988 · BHIWANDI · promoter Honest Developers
| MahaRERA registration | P51700033988 |
| Registered on | 14 Mar 2022 |
| Promoter-declared completion | 31 Dec 2029 |
| Current status | Certificate Signed |
| Against today | 41 months to 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, Honest Developers is the promoter of record on 9 projects, of which none currently 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.
MahaRERA's cost filing puts construction at ~55.0% of the estimated project cost incurred as of the last certificate (₹17.02 Cr spent against a ₹30.96 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.
Of 95 homes filed with MahaRERA, 69 are sold/booked (51 with registered agreements + 18 booked) and 26 remain available (~73% sold) — selling steadily. Buyers have committed ₹20.19 Cr in agreement value so far. Of that, ₹13.66 Cr (~68%) is already collected, ₹6.53 Cr receivable — a read on how far along these sales really are. Note: the project registers 105 homes in total, but this sold/unsold inventory filing covers only 95 of them — the other 10 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 69 registered agreements, the effective carpet rate is ₹9,137/sqft (typical range ₹8,482–₹9,778) — 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 15 | B1502 | 322 sqft (29.93 sqm) | ₹13.83 Lakh |
| Floor 17 | B1704 | 322 sqft (29.93 sqm) | ₹4.00 Lakh |
| Floor 17 | B1705 | 322 sqft (29.93 sqm) | ₹13.83 Lakh |
| Floor 2 | B-201 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 2 | B-202 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 2 | B-203 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 2 | B-204 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 2 | B-205 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 3 | B301 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 3 | B303 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 3 | B304 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 3 | B305 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 3 | B306 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 4 | B401 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 4 | B402 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 4 | B403 | 322 sqft (29.93 sqm) | ₹15.69 Lakh |
| Floor 4 | B406 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 5 | B503 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 5 | B505 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 5 | B506 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 7 | B701 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 7 | B703 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 7 | B705 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 8 | B805 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 9 | B901 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
| Floor 9 | B903 | 322 sqft (29.93 sqm) | ₹16.39 Lakh |
⚠ The inventory filing also declares: 10 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+23 and 105 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| A WING | 1 | G+23 | 4 | - |
| B WING | 1 | G+23 | 101 | - |
Unit mix on the filing: 101 residential and 4 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 1 time. 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 |
|---|---|---|
| 31 Mar 2026 | 31 Dec 2029 | We, [PIL DEVELOPERS PRIVATE LIMITED], are the promoters of the real estate project known as "KALYAN VIHAR" bearing Maha RERA Registration No. P51700033988. We would like to respec |
Located at BHIWANDI, Kalyan Thane highway, Mumbai City, Mumbai City, 421302. Per the filed land record, the plot is bounded to the north by S NO 188, to the south by 30 MTR DP road, to the east by S NO 188 and to the west by S NO 188. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
🔒 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.
Should you buy in KALYAN VIHAR?
This page is the free MahaRERA filing summary. The full RERA Property Intelligence Report gives you the full regulatory standing, declared court litigation, buyer-complaint and adjudication history, quarterly-progress-report discipline, the builder's MahaRERA-wide track record, the building/tower breakdown, and the sanctioned layout plan. See a real one first:
Sample: Lodha Kandivali – Tower 2 → · browse all sample reports →
Compliance Report · ₹999
The regulator’s filing record, read · 1 working day
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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Honest Developers is the promoter on 2 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).
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