Ekdanta Plaza
MahaRERA Property Intelligence · Raigarh
P52000010748 · VARASGAO · promoter Sandeep Enterprises
| MahaRERA registration | P52000010748 |
| Registered on | 31 Aug 2017 |
| Promoter-declared completion | 09 Oct 2025 |
| Current status | Certificate Signed |
| Against today | about 9 months past 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, Sandeep Enterprises is the promoter of record on 88 projects, of which 11 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.
MahaRERA's cost filing puts construction at ~2.5% of the estimated project cost incurred as of the last certificate (₹7.03 Lakh spent against a ₹2.84 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 ~2.5% — 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.
Of 25 homes filed with MahaRERA, 6 are sold/booked and 19 remain available (~24% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹1.14 Cr in agreement value so far. Of that, ₹1.08 Cr (~95%) is already collected, ₹5.54 Lakh receivable — a read on how far along these sales really are. Note: the project registers 32 homes in total, but this sold/unsold inventory filing covers only 25 of them — the other 7 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.
What buyers actually paid: across 6 registered agreements, the effective carpet rate is ₹5,223/sqft (typical range ₹4,136–₹5,679) — 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 1 | A-1 | 365 sqft (33.9 sqm) | ₹1.28 Cr |
| Floor 1 | A-2 | 373 sqft (34.65 sqm) | ₹12.89 Lakh |
| Floor 1 | A-3 | 400 sqft (37.15 sqm) | ₹13.09 Lakh |
| Floor 1 | A-4 | 393 sqft (36.5 sqm) | ₹13.02 Lakh |
| Floor 1 | A-5 | 383 sqft (35.6 sqm) | ₹12.91 Lakh |
| Floor 1 | B-1 | 349 sqft (32.4 sqm) | ₹12.78 Lakh |
| Floor 1 | B-2 | 313 sqft (29.1 sqm) | ₹12.12 Lakh |
| Floor 2 | B-4 | 349 sqft (32.4 sqm) | ₹12.78 Lakh |
| Floor 2 | B-5 | 313 sqft (29.1 sqm) | ₹12.12 Lakh |
| Floor 3 | A-13 | 400 sqft (37.15 sqm) | ₹13.09 Lakh |
| Floor 3 | B-8 | 313 sqft (29.1 sqm) | ₹12.12 Lakh |
| Floor 4 | A-16 | 383 sqft (35.6 sqm) | ₹12.91 Lakh |
| Floor 4 | A-17 | 365 sqft (33.9 sqm) | ₹12.85 Lakh |
| Floor 4 | A-18 | 373 sqft (34.65 sqm) | ₹12.89 Lakh |
| Floor 4 | A-19 | 400 sqft (37.15 sqm) | ₹13.09 Lakh |
| Floor 4 | A-20 | 393 sqft (36.5 sqm) | ₹13.02 Lakh |
| Floor 4 | B-10 | 349 sqft (32.4 sqm) | ₹12.78 Lakh |
| Floor 4 | B-11 | 313 sqft (29.1 sqm) | ₹12.12 Lakh |
| Floor 4 | B-12 | 392 sqft (36.4 sqm) | ₹12.98 Lakh |
⚠ The inventory filing also declares: 7 owner/investor-held. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+5 and 32 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Malusare Residency | 1 | G+5 | 32 | - |
Unit mix on the filing: 32 residential.
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
The promoter has had the MahaRERA completion deadline formally extended 5 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 |
|---|---|---|
| 09 Apr 2025 | 09 Apr 2024 | The required extension under Section 6, namely the forced major i.e. lack of response to the sale of flats & As the cost of construction was increasing day by day. |
| 09 Apr 2025 | 09 Apr 2025 | • The previous extension certificate registration was valid till 09/04/2023, so we had applied for the extension certificate in the month of March 2023 itself but due to the Techni |
| 09 Apr 2025 | 09 Apr 2023 | The required extension under Section 6, namely the forced major Cyclone Nisarga, disaster caused by nature affected the regular development of the project. 1. The project is in R |
| 09 Apr 2025 | 09 Apr 2021 | sand material not available |
| 09 Apr 2020 | 09 Oct 2025 | • Despite the lack of response to the sale of flats, the project work has been completed despite overcoming many difficulties. For this, an "Architect's certificate of completion o |
Located at VARASGAO, NEAR MUMBAI GOA HIGHWAY, Mumbai, Mumbai Suburban, 402304. Per the filed land record, the plot is bounded to the north by GUT NO 434 AND 433, to the south by CANAL, to the east by GUT NO 432-2 and to the west by CANAL. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~69 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Nariman Point / Fort | 62 km |
| Lower Parel / Worli business district | 69 km |
| Bandra Kurla Complex (BKC) | 74 km |
| Chhatrapati Shivaji Int'l Airport | 77 km |
| Powai / Hiranandani business park | 79 km |
| Andheri MIDC / SEEPZ | 81 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 MALUSARE 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
Scan with any UPI app to pay · quietlist@kotak
Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
Not useful to your decision? Full refund — no questions asked.
Scan with any UPI app to pay · quietlist@kotak
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.
Free · Watch this project
We'll email you when this project's RERA record changes.
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