MahaRERA Property Intelligence · Thane

METRO MAJESTIC

P51700029554 · Thane · promoter Nakshatra Builders

Certificate SignedDue 30 Nov 2024

Delivery & Registration

MahaRERA registrationP51700029554
Registered on04 Jun 2021
Promoter-declared completion30 Nov 2024
Current statusCertificate Signed
Against todayabout 20 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, Nakshatra Builders is the promoter of record on 33 projects, of which 6 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.

Sales & Inventory

Of 185 homes filed with MahaRERA, 181 are sold/booked (174 with registered agreements + 7 booked) and 4 remain available (~98% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹120.89 Cr in agreement value so far. Of that, ₹119.05 Cr (~98%) is already collected, ₹1.84 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 176 registered agreements, the effective carpet rate is ₹16,089/sqft (typical range ₹13,022–₹18,057) — 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 4Office No. 04277 sqft (25.76 sqm)₹34.85 Lakh
Floor 5Office No. 05540 sqft (50.18 sqm)₹67.89 Lakh
Floor 6Office No. 06505 sqft (46.94 sqm)₹63.51 Lakh
Floor 7Office No. 07454 sqft (42.18 sqm)₹57.07 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+19 and 185 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
BUILDING 11G+19185-

Unit mix on the filing: 157 residential and 28 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 Thane, Pokhran Road No 1 Near Datta Temple, Shavali Society, Shatri Nagar, Vartak Nagar, , Bhiwandi, Thane, 400606. Per the filed land record, the plot is bounded to the north by PROPOSED 44 MW DP ROAD, to the south by 12 MW LAYOUT ROAD, to the east by 12 MW LAYOUT ROAD and to the west by BUILDING 33. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~12 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Powai / Hiranandani business park12 km
Andheri MIDC / SEEPZ13 km
Chhatrapati Shivaji Int'l Airport17 km
Bandra Kurla Complex (BKC)19 km
Lower Parel / Worli business district28 km
Nariman Point / Fort35 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 Thane

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Metro Regalia
possession by Dec 2027 · Shree Ashtavinayak Enterprises
Metro Residency G Wing
declared completion Dec 2021 · Metro Construction
Metropolis - Aquaris Phase 1
declared completion Sep 2024 · Anant Square
Metropolis - Aquaris Phase 2
declared completion Sep 2025 · Anant Square
Metropolis Bayside
declared completion May 2026 · Anant Square

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