MADHUSUDAN RETREAT

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 — 18 quarterly progress reports on record since registration, with no current default.

Builder Track Record

Across MahaRERA, Madhusudan Leisure Homes is the promoter of record on 13 projects, of which 2 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.

Construction Progress

MahaRERA's cost filing puts construction at ~82.6% of the estimated project cost incurred as of the last certificate (₹11.60 Cr spent against a ₹14.04 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. The declared completion date has already passed while the cost-incurred filing sits at ~82.6% — a wide gap between the promise and the money actually spent on site.

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, 52 are sold/booked (45 with registered agreements + 7 booked) and 1 remain available (~98% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹13.95 Cr in agreement value so far. Of that, ₹9.67 Cr (~69%) is already collected, ₹4.53 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 51 registered agreements, the effective carpet rate is ₹3,048/sqft (typical range ₹2,498–₹3,628) — 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:

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+2 and 53 homes are registered across the project.

Unit mix on the filing: 53 residential.

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 2 times. Each extension is the regulator letting the finish line move — the clearest evidence of delivery slippage, straight from the record.

Location, Land & Connectivity

Located at THANE, MURBAD, Thane, Thane, 421401. Per the filed land record, the plot is bounded to the north by Land being GAT NO 51 and 62, to the south by Boundary of Village Kalamb, to the east by Land being GAT NO 40 and Padir Pada and to the west by Land being GAT NO 52 and Junegetacha Pada. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Builder track record

Madhusudan Leisure Homes is the promoter on 2 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

Other flagged projects by Madhusudan Leisure Homes

Other RERA-registered projects in Murbad

Other RERA-registered projects in Thane

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.