MahaRERA Property Intelligence · Thane

NIVASA PRIME

P51700054484 · GANDHARE · promoter Ashapura Creation

Certificate SignedDue 31 Dec 2027

Delivery & Registration

MahaRERA registrationP51700054484
Registered on25 Jan 2024
Promoter-declared completion31 Dec 2027
Current statusCertificate Signed
Against today17 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.

Builder Track Record

Across MahaRERA, Ashapura Creation is the promoter of record on 58 projects, of which 5 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.

Construction Progress

MahaRERA's cost filing puts construction at ~32.2% of the estimated project cost incurred as of the last certificate (₹12.06 Cr spent against a ₹37.49 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 69 homes filed with MahaRERA, 27 are sold/booked (19 with registered agreements + 8 booked) and 42 remain available (~39% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹17.28 Cr in agreement value so far. Of that, ₹5.34 Cr (~31%) is already collected, ₹11.30 Cr receivable — a read on how far along these sales really are. Note: the project registers 95 homes in total, but this sold/unsold inventory filing covers only 69 of them — the other 26 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 27 registered agreements, the effective carpet rate is ₹10,159/sqft (typical range ₹9,376–₹11,218) — 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: 26 not for sale. 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 95 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
NIVASA PRIME1G+2595-

Unit mix on the filing: 83 residential and 12 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 GANDHARE, GANDHARE ROAD, Kalyan, Thane, 421301. Per the filed land record, the plot is bounded to the north by ALISHAN RESIDENCY, to the south by POLICE STATION PLOT, to the east by D P ROAD and to the west by MOHAN HEIGHT. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

🔒 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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Mangeshi Tulip
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Anand 21 Uptown
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Pawan Atharva Phase I
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Major developers building in Kalyan

Other RERA-registered projects in Thane

Nivedhan Co-Op. Hsg. Soc. Ltd
possession by Jun 2027 · Sanghvi Bricks LLP
Niyati Lake Crown
possession by Dec 2027 · Shree Swami Samarth Enterprises
NM Heights
declared completion Dec 2024 · N.m.enterprises
NMS Gami Palm Amore
possession by Mar 2031 · Vision Infra LLP
NMS Midas
possession by Dec 2028 · Dharti Dhan Realty
No. G 49
declared completion Jan 2021 · T Bhimjyani Realty Pvt.ltd.

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