MahaRERA Property Intelligence · Mumbai Suburban

METRO EXCELLENCY

P51800077755 · MALAD · promoter Tm Developer Llp

Certificate SignedDue 31 Dec 2028

Delivery & Registration

MahaRERA registrationP51800077755
Registered on29 Oct 2024
Promoter-declared completion31 Dec 2028
Current statusCertificate Signed
Against today29 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.

Construction Progress

MahaRERA's cost filing puts construction at ~15.3% of the estimated project cost incurred as of the last certificate (₹7.67 Cr spent against a ₹50.00 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 102 homes filed with MahaRERA, 21 are sold/booked (7 with registered agreements + 14 booked) and 81 remain available (~21% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹23.05 Cr in agreement value so far. Of that, ₹4.34 Cr (~19%) is already collected, ₹18.71 Cr receivable — a read on how far along these sales really are. Note: the project registers 202 homes in total, but this sold/unsold inventory filing covers only 102 of them — the other 100 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 21 registered agreements, the effective carpet rate is ₹17,428/sqft (typical range ₹14,900–₹21,288) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

⚠ The inventory filing also declares: 100 reserved. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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 and 202 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A WING REHAB BUILDING1G+2587-
WING B SALE BUILDING1G+16115-

Unit mix on the filing: 168 residential and 34 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 MALAD , TUREL PAKHADI ROAD, Borivali, Mumbai Suburban, 400064. Per the filed land record, the plot is bounded to the north by BY PUBLIC ROAD KNOWN AS JAKHARIA ROAD, to the south by LAND BEARING CTS NO 527, to the east by LAND BEARING CTS NO 531 and to the west by BY PUBLIC ROAD KNOWN AS TUREL PAKHADI ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~7 km away — a manageable everyday commute to a major job hub.

LandmarkStraight-line
Andheri MIDC / SEEPZ7 km
Powai / Hiranandani business park10 km
Chhatrapati Shivaji Int'l Airport11 km
Bandra Kurla Complex (BKC)14 km
Lower Parel / Worli business district21 km
Nariman Point / Fort29 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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Other RERA-registered projects in Mumbai Suburban

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Metro Marvels
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Metro Millennium
possession by Dec 2026 · Metro Associates
Metropolis Residences
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Mhatre Tower Wing B
declared completion Jul 2022 · Bhalchandra Laxman Mhatre
Michael Enclave
declared completion Sep 2023 · Rajesh Gangji Savla

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