Panchratna Developers
MahaRERA Property Intelligence · Palghar
P99000013350 · Chaandrapada · promoter Panchratna Developers
| MahaRERA registration | P99000013350 |
| Registered on | 26 Sep 2017 |
| 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, Panchratna Developers is the promoter of record on 11 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.
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+5.
| Building | Wings | Floors | Declared completion |
|---|---|---|---|
| NISARG RESIDENCY - WING A | 1 | G+5 | - |
| NISARG RESIDENCY - WING B | 1 | G+5 | - |
| NISARG RESIDENCY - WING C | 1 | G+5 | - |
| NISARG RESIDNCY- WING D | 1 | G+5 | - |
| NISARG RESIDENCY - WING E | 1 | G+5 | - |
1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000195816 | 30/01/2021 | Aran Roman Dcunha vs Sharan Ravindra Kantirao | order passed |
The promoter has had the MahaRERA completion deadline formally extended 2 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 |
|---|---|---|
| 29 Dec 2024 | 29 Dec 2024 | Dear Sir, With reference to cited subject, I the undersigned Partner of the Project: NISARG RESIDENCY would like to inform you that our Maharera Project due date about to expire, |
| 30 Dec 2023 | 31 Dec 2025 | Dear Sir, Due to the ongoing financial challenges arising from the post-COVID situation, securing customers has become increasingly difficult. The project has been completed, with |
Located at Chaandrapada, Chandrapada, Vasai, Palghar, 401208. Per the filed land record, the plot is bounded to the north by 130, to the south by 124 125, to the east by 128 129 and to the west by 110 111. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~26 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 26 km |
| Powai / Hiranandani business park | 28 km |
| Chhatrapati Shivaji Int'l Airport | 31 km |
| Bandra Kurla Complex (BKC) | 33 km |
| Lower Parel / Worli business district | 41 km |
| Nariman Point / Fort | 49 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 NISARG RESIDENCY?
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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Panchratna Developers 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