MahaRERA Property Intelligence · Mumbai Suburban

KRISHVI RESIDENCY

P51800003291 · Chembur · promoter Shagun Chembur (Aop)

Certificate SignedDue 31 Dec 2027

Delivery & Registration

MahaRERA registrationP51800003291
Registered on05 Aug 2017
Promoter-declared completion31 Dec 2027
Current statusCertificate Signed
Against today17 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, Shagun Chembur (Aop) is the promoter of record on 5 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.

Sales & Inventory

Of 31 homes filed with MahaRERA, 24 are sold/booked and 7 remain available (~77% sold) — selling steadily. Buyers have committed ₹53.14 Cr in agreement value so far. Of that, ₹35.58 Cr (~67%) is already collected, ₹17.56 Cr 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 24 registered agreements, the effective carpet rate is ₹22,165/sqft (typical range ₹20,076–₹26,035) — 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:

FloorUnitCarpetReckoner value
Floor 101002879 sqft (81.64 sqm)₹1.59 Cr
Floor 1010031,149 sqft (106.76 sqm)₹2.09 Cr
Floor 111104864 sqft (80.29 sqm)₹1.57 Cr
Floor 3302879 sqft (81.64 sqm)₹1.59 Cr
Floor 6602879 sqft (81.64 sqm)₹1.59 Cr
Floor 8802879 sqft (81.64 sqm)₹1.60 Cr
Floor 9904864 sqft (80.29 sqm)₹1.60 Cr

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.

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+17 and 31 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
KRISHVI RESIDENCY1G+1731-

Unit mix on the filing: 31 residential.

Complaints & Orders

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.FiledPartiesStatus
CC00600000020949521/12/2021dr lata Cheluveri & dr Rajendra Cheluveri vs Shagun Chemburorder passed
CC00600000030340129/11/2022Naresh Ghansham Jumani vs Shagun Chembur (AOP)order passed

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 3 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 202330 Dec 2020The Project has been delayed due to a financial crunch and lack of demand as a result of which funding has been little delayed. However, the Project is near completion despite this
30 Jun 202331 Dec 2022Due to various reasons beyond the control of Promoter and on account of pandemic of Covid-19, the project is delayed. Kindly grant extension till 31/12/2022. Required consents of A
31 Dec 201931 Dec 2027In accordance with circular no 28, we hereby apply for extension of our project u/s 7(3) in Format B. The project was delayed for reasons beyond our control on account of various r

Location, Land & Connectivity

Located at Chembur, V N Purav Marg, Ward GSouth, Mumbai City, 400071. Per the filed land record, the plot is bounded to the north by CTS NO 1763, to the south by PART VN PURAV MARG AND PROP NO 305 CTS NO 1760, to the east by PROP NO- 306 CTS NO-1762 AND NO 305 CTS NO 1760 and to the west by PROPERTY NO 304 CTS NO 1758. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~4 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Bandra Kurla Complex (BKC)4 km
Chhatrapati Shivaji Int'l Airport6 km
Powai / Hiranandani business park7 km
Andheri MIDC / SEEPZ9 km
Lower Parel / Worli business district10 km
Nariman Point / Fort16 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 Chembur

Chembur Deep Jyoti CHS LTD
possession by Jul 2026 · P M Developers
Hubtown Seasons - B Wing
possession by Jul 2026 · Joynest Premises Privatelimited
Gurukripa
possession by Sep 2026 · Inspira Realty And Infra Private Limited
Kranti Heights
possession by Sep 2026 · Sidhivinayak Constructions
Mass Metropolis
possession by Sep 2026 · Grace Urban Development Corporation
Mohite Mrugank
possession by Sep 2026 · Mohite Infraprojects Private Limited

Major developers building in Chembur

Other RERA-registered projects in Mumbai Suburban

Krupa
declared completion Mar 2024 · Aasamanta Realty
Krystel By Kams Realtors
possession by Dec 2026 · Kams Realtors
Kshitij
possession by Dec 2026 · Rishabh Constructions
Kshitij Eminence
declared completion Jun 2026 · Kshitij Developers
Kshitij Heights
possession by Dec 2029 · M/s Kishore Metal & Wire Industries
Kshitij Villa
possession by Dec 2028 · Kesari Haridas Mali

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