MahaRERA Property Intelligence · Mumbai Suburban
P51800003291 · Chembur · promoter Shagun Chembur (Aop)
| MahaRERA registration | P51800003291 |
| Registered on | 05 Aug 2017 |
| Promoter-declared completion | 31 Dec 2027 |
| Current status | Certificate Signed |
| Against today | 17 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, 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.
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:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 10 | 1002 | 879 sqft (81.64 sqm) | ₹1.59 Cr |
| Floor 10 | 1003 | 1,149 sqft (106.76 sqm) | ₹2.09 Cr |
| Floor 11 | 1104 | 864 sqft (80.29 sqm) | ₹1.57 Cr |
| Floor 3 | 302 | 879 sqft (81.64 sqm) | ₹1.59 Cr |
| Floor 6 | 602 | 879 sqft (81.64 sqm) | ₹1.59 Cr |
| Floor 8 | 802 | 879 sqft (81.64 sqm) | ₹1.60 Cr |
| Floor 9 | 904 | 864 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.
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.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| KRISHVI RESIDENCY | 1 | G+17 | 31 | - |
Unit mix on the filing: 31 residential.
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. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000209495 | 21/12/2021 | dr lata Cheluveri & dr Rajendra Cheluveri vs Shagun Chembur | order passed |
| CC006000000303401 | 29/11/2022 | Naresh Ghansham Jumani vs Shagun Chembur (AOP) | order passed |
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 2023 | 30 Dec 2020 | The 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 2023 | 31 Dec 2022 | Due 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 2019 | 31 Dec 2027 | In 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 |
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.
The nearest major job hub is ~4 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Bandra Kurla Complex (BKC) | 4 km |
| Chhatrapati Shivaji Int'l Airport | 6 km |
| Powai / Hiranandani business park | 7 km |
| Andheri MIDC / SEEPZ | 9 km |
| Lower Parel / Worli business district | 10 km |
| Nariman Point / Fort | 16 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.
Should you buy in KRISHVI RESIDENCY?
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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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