OM SAI COMPLEX

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.

• Current QPR default — the promoter has stopped filing the mandatory quarterly progress report (FY 2025-2026).

Sales & Inventory

Of 87 homes filed with MahaRERA, 55 are sold/booked and 32 remain available (~63% sold) — selling steadily. Buyers have committed ₹12.46 Cr in agreement value so far. Of that, ₹12.46 Cr (~100%) is already collected, ₹0 receivable — a read on how far along these sales really are. Note: the project registers 132 homes in total, but this sold/unsold inventory filing covers only 87 of them — the other 45 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 55 registered agreements, the effective carpet rate is ₹4,451/sqft (typical range ₹3,355–₹7,849) — 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:

⚠ The inventory filing also declares: 45 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+4 and 132 homes are registered across the project.

Unit mix on the filing: 40 residential and 92 non-residential (shops/offices).

Complaints & Orders

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.

Deadline Extensions

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.

Location, Land & Connectivity

Located at Survey No 109/1,2,3, Vasai, Palghar, 401501. Per the filed land record, the plot is bounded to the north by SURVEY NO 105, to the south by BOISAR CHILLAR ROAD, to the east by SURVEY NO 105 and to the west by SURVEY NO 105. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~73 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.

Builder track record

Varsha Prakash Naik is the promoter on 2 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).

Other flagged projects by Varsha Prakash Naik

Other RERA-registered projects in Boisar

Major developers building in Boisar

Other RERA-registered projects in Palghar

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.