MahaRERA Property Intelligence · Raigarh

M.S. Heritage

P52000080510 · Panvel · promoter New Aashtha Developer

Certificate SignedDue 31 Dec 2029

Delivery & Registration

MahaRERA registrationP52000080510
Registered on11 Jun 2025
Promoter-declared completion31 Dec 2029
Current statusCertificate Signed
Against today41 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 ~4.1% of the estimated project cost incurred as of the last certificate (₹33.42 Lakh spent against a ₹8.13 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 36 homes filed with MahaRERA, 2 are sold/booked and 34 remain available (~6% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹70.00 Lakh in agreement value so far. Of that, ₹14.11 Lakh (~20%) is already collected, ₹55.89 Lakh receivable — a read on how far along these sales really are. Note: the project registers 48 homes in total, but this sold/unsold inventory filing covers only 36 of them — the other 12 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 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 1101385 sqft (35.77 sqm)₹24.22 Lakh
Floor 1102380 sqft (35.3 sqm)₹23.90 Lakh
Floor 1103425 sqft (39.48 sqm)₹26.73 Lakh
Floor 1104408 sqft (37.9 sqm)₹25.66 Lakh
Floor 1Shop-6260 sqft (24.15 sqm)₹20.48 Lakh
Floor 1Shop-7160 sqft (14.86 sqm)₹12.60 Lakh
Floor 1Shop-8160 sqft (14.86 sqm)₹12.60 Lakh
Floor 1Shop-9295 sqft (27.41 sqm)₹23.24 Lakh
Floor 2201560 sqft (52.03 sqm)₹35.22 Lakh
Floor 2202415 sqft (38.55 sqm)₹26.10 Lakh
Floor 2204425 sqft (39.48 sqm)₹26.73 Lakh
Floor 2205408 sqft (37.9 sqm)₹25.66 Lakh
Floor 3305425 sqft (39.48 sqm)₹26.73 Lakh
Floor 3306408 sqft (37.9 sqm)₹25.66 Lakh
Floor 4405425 sqft (39.48 sqm)₹26.73 Lakh
Floor 4406408 sqft (37.9 sqm)₹25.66 Lakh
Floor 5502420 sqft (39.02 sqm)₹26.42 Lakh
Floor 5505425 sqft (39.48 sqm)₹26.73 Lakh
Floor 6601385 sqft (35.77 sqm)₹24.22 Lakh
Floor 6602420 sqft (39.02 sqm)₹26.42 Lakh
Floor 6603415 sqft (38.55 sqm)₹26.10 Lakh
Floor 6605425 sqft (39.48 sqm)₹26.73 Lakh
Floor 6606408 sqft (37.9 sqm)₹25.66 Lakh
Floor 7701385 sqft (35.77 sqm)₹24.22 Lakh
Floor 7702420 sqft (39.02 sqm)₹26.42 Lakh
Floor 7703415 sqft (38.55 sqm)₹26.10 Lakh
Floor 7704380 sqft (35.3 sqm)₹23.90 Lakh
Floor 7705425 sqft (39.48 sqm)₹26.73 Lakh
Floor 7706408 sqft (37.9 sqm)₹25.66 Lakh
Ground/Floor 0Shop-1170 sqft (15.79 sqm)₹13.39 Lakh
Ground/Floor 0Shop-2100 sqft (9.29 sqm)₹7.88 Lakh
Ground/Floor 0Shop-3275 sqft (25.55 sqm)₹21.67 Lakh
Ground/Floor 0Shop-4365 sqft (33.91 sqm)₹28.76 Lakh
Ground/Floor 0Shop-5515 sqft (47.84 sqm)₹40.57 Lakh

⚠ The inventory filing also declares: 6 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+7 and 48 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
M S Heritage1G+748-

Unit mix on the filing: 39 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 Panvel, Panvel, Panvel, Raigarh, 410206. Per the filed land record, the plot is bounded to the north by Chambhar Wada, to the south by MG Road to Panchratna Circle, to the east by CTS No 903 971 972 and to the west by CTS No 900. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~17 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Powai / Hiranandani business park17 km
Bandra Kurla Complex (BKC)17 km
Chhatrapati Shivaji Int'l Airport19 km
Andheri MIDC / SEEPZ21 km
Lower Parel / Worli business district21 km
Nariman Point / Fort24 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 Panvel

Ambaji Residency
possession by Jul 2026 · Vishal Tukaram Patil
Bayview
possession by Jul 2026 · Skyline Realbuild LLP
Delta Heights
possession by Jul 2026 · Shreenathji Organisers Pvt. Ltd.
Micron Residency
possession by Jul 2026 · Micron Infra
Shree Mahadev Residency
possession by Jul 2026 · SK Developers
Aishwarya Cooperative Housing Society
possession by Aug 2026 · Royal Enterprises

Major developers building in Panvel

Other RERA-registered projects in Raigarh

M/s.new Saikrupa Panvel CHS Ltd
declared completion Oct 2019 · M/s.sai Realty
M/S SKY Heaven
declared completion Mar 2022 · Gunavant Supadu Patil
M Square Avenue
declared completion Oct 2024 · Msquare
M Z Apartments
declared completion Jun 2024 · MZ Homes Private Limited
Madhav Ashirwad
declared completion Jan 2021 · Dolphin Developers
Madhav Ashish
declared completion Dec 2021 · Deependra Singh Surendra Singh Bhadoria

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