KRISHNA IKON

Delivery & Registration

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.

• Filing progress reports — 1 quarterly progress report on record since registration, with no current default.

Construction Progress

MahaRERA's cost filing puts construction at ~39.0% of the estimated project cost incurred as of the last certificate (₹8.24 Cr spent against a ₹21.15 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 56 homes filed with MahaRERA, 21 are sold/booked and 35 remain available (~38% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹7.03 Cr in agreement value so far. Of that, ₹3.57 Cr (~51%) is already collected, ₹3.46 Cr receivable — a read on how far along these sales really are. Note: the project registers 109 homes in total, but this sold/unsold inventory filing covers only 56 of them — the other 53 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 21 registered agreements, the effective carpet rate is ₹7,251/sqft (typical range ₹5,138–₹9,711) — 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:

⚠ The inventory filing also declares: 53 not for sale. 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+12 and 109 homes are registered across the project.

Unit mix on the filing: 100 residential and 9 non-residential (shops/offices).

Complaints

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

Location, Land & Connectivity

Located at DAPOLI PUSHPAK , SECTOR 8, Panvel, Raigarh, 410206. Per the filed land record, the plot is bounded to the north by PLOT NO 132 133, to the south by 20 MTR WIDE ROAD, to the east by PLOT NO 120 121 121B and to the west by PLOT NO 123. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Builder track record

Krishna Group is the promoter on 3 MahaRERA-registered projects, of which 1 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:

• Shreeram Kalash Phase 2 Commercial — Past its declared completion date

Other RERA-registered projects in Panvel

Major developers building in Panvel

Other RERA-registered projects in Raigarh

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.