MahaRERA Property Intelligence · Mumbai City

Lotus

P51900077966 · Mandvi · promoter Shreem Reality

Certificate SignedDue 14 Feb 2030

Delivery & Registration

MahaRERA registrationP51900077966
Registered on14 Nov 2024
Promoter-declared completion14 Feb 2030
Current statusCertificate Signed
Against today43 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.

Construction Progress

MahaRERA's cost filing puts construction at ~17.9% of the estimated project cost incurred as of the last certificate (₹8.96 Cr spent against a ₹50.00 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 53 homes filed with MahaRERA, 0 are sold/booked and 53 remain available (~0% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Note: the project registers 172 homes in total, but this sold/unsold inventory filing covers only 53 of them — the other 119 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.

⚠ The inventory filing also declares: 4 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+1 and 172 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Lotus1G+1172-

Unit mix on the filing: 5 residential and 167 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.

Deadline Extensions

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
07 Feb 202814 Feb 2030The delay in the completion of the project has occurred due to procurement issues, financial constraints, and various site-related challenges that have impacted the planned constru

Location, Land & Connectivity

Located at Mandvi , Tawa Lane and Abdul Rehman Street, Ward ABCD, Mumbai City, 400003. Per the filed land record, the plot is bounded to the north by CTS No-1221 and Tawa Lane, to the south by CTS No-1216, to the east by CTS No-1223 and CTS No-1215 and to the west by Road. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~5 km away — a manageable everyday commute to a major job hub.

LandmarkStraight-line
Nariman Point / Fort4 km
Lower Parel / Worli business district5 km
Bandra Kurla Complex (BKC)13 km
Chhatrapati Shivaji Int'l Airport15 km
Powai / Hiranandani business park19 km
Andheri MIDC / SEEPZ20 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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LS Laxmi Sadan
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Lumiere
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M4 Aarambh
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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