Parsn Construction AND Developers Private Limited
MahaRERA Property Intelligence · Mumbai Suburban
P51800014914 · NEHRU NAGAR · promoter Parsn Construction And
| MahaRERA registration | P51800014914 |
| Registered on | 11 Jan 2018 |
| Promoter-declared completion | 31 Dec 2025 |
| Current status | Certificate Signed |
| Against today | about 7 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, Parsn Construction And is the promoter of record on 6 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 ~79.3% of the estimated project cost incurred as of the last certificate (₹11.17 Cr spent against a ₹14.08 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 ~79.3% — 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 56 homes filed with MahaRERA, 56 are sold/booked (54 with registered agreements + 2 booked) and 0 remain available (~100% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹36.90 Cr in agreement value so far. Of that, ₹31.89 Cr (~86%) is already collected, ₹5.01 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 56 registered agreements, the effective carpet rate is ₹14,250/sqft (typical range ₹12,500–₹18,334) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
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+17 and 56 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| NEHRU NAGAR SHARADA CHS LTD BLDG NO 62 | 1 | G+17 | 56 | - |
Unit mix on the filing: 56 residential.
9 complaints are on the MahaRERA record for this project, with orders passed in 5. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000364599 | 05/05/2023 | MAHESH DHONDU KADAM vs PARSN FOUNDATION AND ENGG CORPORATION | order passed |
| CC12400185 | 22/09/2024 | MAHESH DHONDU KADAM vs PARSN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED | order passed |
| CC12400186 | 22/09/2024 | MAHESH DHONDU KADAM vs PARSN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED | order passed |
| CC12400188 | 22/09/2024 | Aditya Diwakar Kadam vs PARSN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED | order passed |
| CC12400190 | 22/09/2024 | ANUJA MURLIDHAR CHAVAN vs PARSN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED | order passed |
| CC12504197 | 27/11/2025 | Mahesh sahadev Pingle vs PARSN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED | pending / no order on file |
| CC12600342 | 18/01/2026 | Yogesh Shivaji Dhokale vs PARSN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED | pending / no order on file |
| CC12600913 | 19/02/2026 | Rajesh Ambadas Sontakke vs PARSN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED | pending / no order on file |
| CC12601122 | 02/03/2026 | SANDIP SHANKAR AROLKAR vs PARSN CONSTRUCTION AND DEVELOPERS PRIVATE LIMITED | pending / no order on file |
The promoter has had the MahaRERA completion deadline formally extended 4 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 |
|---|---|---|
| 30 Dec 2022 | 31 Dec 2024 | 1. We received the Offer Letter from MHADA on 13 August 2020 for our Redevelopment project. 2. On 20th June 2020, we paid our premium instalment due, of Rs. 1,45,02,546/- 3. Du |
| 30 Dec 2022 | 30 Dec 2023 | Explanatory note regarding the state of development works in the projects and reason for not completing the development works in the projects within the period declared in the decl |
| 30 Dec 2022 | 30 Jun 2025 | OC PENDING. Process under progress. |
| 30 Dec 2022 | 31 Dec 2025 | 1. We received the Offer Letter from MHADA on 13 August 2020 for our Redevelopment project. 2. On 20th June 2020, we paid our premium instalment due, of Rs. 1,45,02,546/- 3. Due |
Located at NEHRU NAGAR, NEHRU NAGAR, Mumbai City, Mumbai City, 400024. Per the filed land record, the plot is bounded to the north by ROAD, to the south by ROAD, to the east by BUILDING 61 and to the west by ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~1 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Bandra Kurla Complex (BKC) | 1 km |
| Chhatrapati Shivaji Int'l Airport | 3 km |
| Powai / Hiranandani business park | 7 km |
| Andheri MIDC / SEEPZ | 8 km |
| Lower Parel / Worli business district | 9 km |
| Nariman Point / Fort | 16 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 NEHRU NAGAR SHARADA CHS LTD BLDG NO. 62?
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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Parsn Construction AND Developers Private Limited 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).
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