Manthan Development Corporation
MahaRERA Property Intelligence · Mumbai Suburban
P51800005360 · promoter Manthan Development Corporation
| MahaRERA registration | P51800005360 |
| Registered on | 11 Aug 2017 |
| Promoter-declared completion | 30 Dec 2027 |
| Current status | Certificate Signed |
| Against today | 17 months to 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, Manthan Development Corporation is the promoter of record on 11 projects, of which none currently 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 ~91.0% of the estimated project cost incurred as of the last certificate (₹32.00 Cr spent against a ₹35.15 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.
Of 29 homes filed with MahaRERA, 20 are sold/booked and 9 remain available (~69% sold) — selling steadily. Buyers have committed ₹55.46 Cr in agreement value so far. Of that, ₹52.48 Cr (~95%) is already collected, ₹2.98 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 20 registered agreements, the effective carpet rate is ₹17,411/sqft (typical range ₹17,308–₹42,498) — 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 4 | 12 | 481 sqft (44.66 sqm) | ₹90.61 Lakh |
| Floor 5 | 10 | 989 sqft (91.9 sqm) | ₹1.96 Cr |
| Floor 5 | 12 | 481 sqft (44.66 sqm) | ₹95.14 Lakh |
| Floor 5 | 3 | 1,051 sqft (97.62 sqm) | ₹2.08 Cr |
| Floor 5 | 4 | 680 sqft (63.19 sqm) | ₹1.35 Cr |
| Floor 5 | 5 | 687 sqft (63.8 sqm) | ₹1.36 Cr |
| Floor 5 | 6 | 505 sqft (46.92 sqm) | ₹99.95 Lakh |
| Floor 5 | 7 | 1,174 sqft (109.05 sqm) | ₹2.32 Cr |
| Floor 5 | 8 | 1,135 sqft (105.47 sqm) | ₹2.25 Cr |
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.
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+9 and 29 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| MANTHAN PLAZA | 1 | G+9 | 29 | - |
Unit mix on the filing: 29 non-residential (shops/offices).
4 complaints are on the MahaRERA record for this project, with orders passed in 4. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000044255 | 26/04/2018 | Money Anchor Financial Services Pvt Limited vs Manthan Development Corportion | order passed |
| CC006000000044265 | 26/04/2018 | Joy Homecreation Ltd. vs Manthan Development Corporation | order passed |
| CC006000000161320 | 22/10/2019 | Sunil Kumar vs Manthan Development Corporation | order passed |
| CC006000000171651 | 28/11/2019 | Sinhal Classes Pvt Ltd vs Manthan Development Corporation | order passed |
The promoter has declared 4 court cases on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| City Civil Court | 3210 TO 3215 | 2013 | In Progress |
| High Court | 1796 | 2017 | Disposed Of |
| High Court | SA-96502 of 2020 with SA - 96492 of 2020 | 2020 | Ongoing |
| City Civil Court | Civil Suit/0203210 to 0203215/2013 | 2013 | Ongoing |
Located at NEHRU ROAD, Borivali, Mumbai Suburban, 400055. Per the filed land record, the plot is bounded to the north by CTS No 962 K And 1002, to the south by 36 60 MTR wide Nehru Road, to the east by CTS No 962 E and to the west by CTS No 962 B and 13 40 MTR wide Gaodevi Road. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~2 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Chhatrapati Shivaji Int'l Airport | 1 km |
| Bandra Kurla Complex (BKC) | 2 km |
| Andheri MIDC / SEEPZ | 6 km |
| Powai / Hiranandani business park | 7 km |
| Lower Parel / Worli business district | 10 km |
| Nariman Point / Fort | 18 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 MANTHAN PLAZA?
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
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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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.
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Manthan Development Corporation is the promoter on 3 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).
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