NMS 17 WEST

Delivery & Registration

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.

• Filing progress reports — 17 quarterly progress reports on record since registration, with no current default.

Builder Track Record

Across MahaRERA, Varun Realty is the promoter of record on 15 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.

Construction Progress

MahaRERA's cost filing puts construction at ~62.2% of the estimated project cost incurred as of the last certificate (₹16.54 Cr spent against a ₹26.58 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 149 homes filed with MahaRERA, 119 are sold/booked and 30 remain available (~80% sold) — selling steadily. Buyers have committed ₹86.25 Cr in agreement value so far. Of that, ₹74.22 Cr (~86%) is already collected, ₹12.03 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 119 registered agreements, the effective carpet rate is ₹15,359/sqft (typical range ₹14,185–₹16,389) — 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:

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+15 and 149 homes are registered across the project.

Unit mix on the filing: 138 residential and 11 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 NEW PANVEL, PLOT NO-08, SECTOR-17, Thane, Thane, 410206. Per the filed land record, the plot is bounded to the north by PLOT NO-7, to the south by PLOT NO-9, to the east by PLOT NO-4 and to the west by 30 MTRS WIDE 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 ~83 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

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.

Other RERA-registered projects in Panvel

Major developers building in Panvel

Other RERA-registered projects in Raigarh

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.