MahaRERA Property Intelligence · Thane

MARATHON NEXWORLD ELARA-1

P51700000478 · Betawade Gaon · promoter Matrix Enclaves Projects

Certificate SignedDue 29 Jun 2024

Delivery & Registration

MahaRERA registrationP51700000478
Registered on18 Jul 2017
Promoter-declared completion29 Jun 2024
Current statusCertificate Signed
Against todayabout 25 months past 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, Matrix Enclaves Projects is the promoter of record on 9 projects, of which 1 carries 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.

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+25.

BuildingWingsFloorsDeclared completion
ELARA1G+25-

Complaints & Orders

6 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.FiledPartiesStatus
CC00600000039762429/11/2023Satyawan Appaji Ghagare vs Marathon Nexworld Elara-1 by Matrix Enclaves Projects Dev. Pvt. Ltdorder passed
CC00600000040859029/12/2023MANOJ SHANKAR BHOSLE vs MATRIX ENCLAVES PROJECTS DEVELOPMENTS PVT LTDorder passed
CC00600000042894809/03/2024shyam ram more vs marathon realty pvt ltdorder passed
CC00600000050039407/05/2024MATRIX ENCLAVES PROJECT DEVELOPMENT PVT LTD vs Lalji Jugal Kishore Dubeyorder passed
CC1260300421/05/2026MATRIX ENCLAVES PROJECTS DEV. PVT. LTD vs Vishal Vijay Dokepending / no order on file
CC1260301421/05/2026MATRIX ENCLAVES PROJECTS DEV. PVT. LTD vs Mayur Vijay Panchalpending / no order on file

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 1 time. 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
29 Jun 202429 Jun 20241) Delay of 2 years in receiving High Rise Committee (HRC) NOC from TMC. When the project was launched, there was no HRC in place in Thane. In the midst of the project, HRC was ins

Location, Land & Connectivity

Located at Betawade Gaon, Gavdevi Road, Behind Premier Industries, Kurla, Mumbai Suburban, 400612. Per the filed land record, the plot is bounded to the north by Ramp, to the south by Adjoining Building, to the east by Driveway and to the west by Driveway. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~15 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Powai / Hiranandani business park15 km
Andheri MIDC / SEEPZ18 km
Chhatrapati Shivaji Int'l Airport20 km
Bandra Kurla Complex (BKC)21 km
Lower Parel / Worli business district29 km
Nariman Point / Fort36 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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Builder track record

Matrix Enclaves Projects Dev. Pvt. LTD is the promoter on 5 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 Matrix Enclaves Projects Dev. Pvt. LTD

Matrix Enclaves Projects Dev. Pvt. LTD
FlaggedThane
Matrix Enclaves Projects Dev. Pvt. LTD
FlaggedThane
Matrix Enclaves Projects Dev. Pvt. LTD
FlaggedThane
Matrix Enclaves Projects Dev. Pvt. LTD
FlaggedThane

Other RERA-registered projects in Mumbra

Celosia Avenue
possession by Sep 2026 · Pratima Construction
Quality Annex
possession by Sep 2026 · Quality Annex
YES Central Galleria
possession by Oct 2026 · Noble Enterprises
YES Central Galleria 1
possession by Oct 2026 · YES Enterprises
Sagar Enclave
possession by Dec 2026 · Kanchan Builders & Developers
Grace Square Type D3
possession by Dec 2026 · Shree Sumatinath Enterprises LLP

Major developers building in Mumbra

Other RERA-registered projects in Thane

Marathon Nexworld Elara-2
declared completion Dec 2024 · Matrix Enclaves Projects Dev. Pvt. LTD
Marathon Nexworld Flora
possession by Dec 2027 · Sunset Spaces Pvt. Ltd.
Marathon Nexworld Nova
possession by Dec 2026 · Sunset Spaces Pvt. Ltd.
Marigold B Wing
declared completion Dec 2025 · Shree Tirupati Greenfield Developers
Marigold Homes
declared completion May 2019 · Acme Developers
Marina
declared completion Apr 2026 · Virani Construction Company

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