MahaRERA Property Intelligence · Raigarh

Majestic Exotica

P52000078772 · Panvel West · promoter Majestic Developers

Certificate SignedDue 30 Jun 2029

Delivery & Registration

MahaRERA registrationP52000078772
Registered on13 Jan 2025
Promoter-declared completion30 Jun 2029
Current statusCertificate Signed
Against today35 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, Majestic Developers is the promoter of record on 27 projects, of which 4 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 ~30.0% of the estimated project cost incurred as of the last certificate (₹20.86 Cr spent against a ₹69.52 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 168 homes filed with MahaRERA, 128 are sold/booked (102 with registered agreements + 26 booked) and 40 remain available (~76% sold) — selling steadily. Buyers have committed ₹91.85 Cr in agreement value so far. Of that, ₹46.54 Cr (~51%) is already collected, ₹45.31 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 128 registered agreements, the effective carpet rate is ₹13,140/sqft (typical range ₹10,518–₹15,909) — 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 101004671 sqft (62.33 sqm)₹60.90 Lakh
Floor 101005671 sqft (62.33 sqm)₹60.90 Lakh
Floor 10B 1008369 sqft (34.29 sqm)₹33.50 Lakh
Floor 2204671 sqft (62.33 sqm)₹60.90 Lakh
Floor 2205671 sqft (62.33 sqm)₹60.90 Lakh
Floor 2B 201582 sqft (54.05 sqm)₹52.81 Lakh
Floor 2B 202582 sqft (54.05 sqm)₹51.80 Lakh
Floor 2B 203571 sqft (53.02 sqm)₹51.80 Lakh
Floor 2B 205369 sqft (34.29 sqm)₹33.50 Lakh
Floor 2B 206369 sqft (34.29 sqm)₹33.50 Lakh
Floor 2B 207369 sqft (34.29 sqm)₹33.50 Lakh
Floor 2B 208479 sqft (44.51 sqm)₹43.49 Lakh
Floor 3301358 sqft (33.22 sqm)₹32.46 Lakh
Floor 3B 311489 sqft (45.47 sqm)₹44.42 Lakh
Floor 4406830 sqft (77.12 sqm)₹75.35 Lakh
Floor 4B 411489 sqft (45.47 sqm)₹44.42 Lakh
Floor 5B 511489 sqft (45.47 sqm)₹44.42 Lakh
Floor 6601358 sqft (33.22 sqm)₹32.46 Lakh
Floor 6606830 sqft (77.12 sqm)₹75.35 Lakh
Floor 6B 611489 sqft (45.47 sqm)₹44.42 Lakh
Floor 7B 711489 sqft (45.47 sqm)₹44.42 Lakh
Floor 8803671 sqft (62.33 sqm)₹60.90 Lakh
Floor 8B 810479 sqft (44.51 sqm)₹43.49 Lakh
Floor 8B 811489 sqft (45.47 sqm)₹44.42 Lakh
Floor 9B 910479 sqft (44.51 sqm)₹43.49 Lakh
Ground/Floor 0Shop No 1675 sqft (62.71 sqm)₹76.07 Lakh
Ground/Floor 0Shop No 101,064 sqft (98.82 sqm)₹1.20 Cr
Ground/Floor 0Shop No 11546 sqft (50.7 sqm)₹61.50 Lakh
Ground/Floor 0Shop No 12430 sqft (39.98 sqm)₹48.50 Lakh
Ground/Floor 0Shop No 14364 sqft (33.83 sqm)₹41.04 Lakh
Ground/Floor 0Shop No 16423 sqft (39.31 sqm)₹47.68 Lakh
Ground/Floor 0Shop No 18493 sqft (45.81 sqm)₹55.57 Lakh
Ground/Floor 0Shop No 19407 sqft (37.84 sqm)₹45.90 Lakh
Ground/Floor 0Shop No 2670 sqft (62.21 sqm)₹75.46 Lakh
Ground/Floor 0Shop No 20415 sqft (38.54 sqm)₹46.75 Lakh
Ground/Floor 0Shop No 21644 sqft (59.81 sqm)₹72.55 Lakh
Ground/Floor 0Shop No 22391 sqft (36.34 sqm)₹44.08 Lakh
Ground/Floor 0Shop No 4533 sqft (49.52 sqm)₹60.07 Lakh
Ground/Floor 0Shop No 5546 sqft (50.74 sqm)₹61.55 Lakh
Ground/Floor 0Shop No 7486 sqft (45.16 sqm)₹54.78 Lakh

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+11 and 168 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Aramus Majestic1G+11168-

Unit mix on the filing: 146 residential and 22 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 West, Sector- 17, Panvel, Raigarh, 410206. Per the filed land record, the plot is bounded to the north by 20 Mtr Wide Road, to the south by 15 Mtr Wide Road, to the east by 15 Mtr Wide Road and to the west by Plot No- 103 Bldg. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

🔒 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

Majestic Icon
declared completion Apr 2025 · Amara Icon LLP
Majestic Krishna
possession by Dec 2026 · Krishna Builders And Developers
Majestic Planet
possession by Sep 2026 · 365days Construction LLP
Majestic Residency
declared completion Jun 2023 · Majestic Infra Promoters AND Developers
Majestic Villa
declared completion Dec 2021 · SKY City Developers
Malaga
declared completion Dec 2024 · Devtaa Yash Lifescapes Pvt Ltd

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