MahaRERA Property Intelligence · Raigarh

Panchganga

P52000023043 · Pushpak(NEW) · promoter Morajkar Estates Llp

Certificate SignedDue 30 Dec 2023

Delivery & Registration

MahaRERA registrationP52000023043
Registered on18 Nov 2019
Promoter-declared completion30 Dec 2023
Current statusCertificate Signed
Against todayabout 31 months past 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, Morajkar Estates Llp is the promoter of record on 5 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.

Construction Progress

MahaRERA's cost filing puts construction at ~75.7% of the estimated project cost incurred as of the last certificate (₹7.05 Cr spent against a ₹9.32 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 ~75.7% — 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.

Sales & Inventory

Of 23 homes filed with MahaRERA, 21 are sold/booked and 2 remain available (~91% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹5.12 Cr in agreement value so far. Of that, ₹5.12 Cr (~100%) is already collected, ₹0 receivable — a read on how far along these sales really are. Note: the project registers 39 homes in total, but this sold/unsold inventory filing covers only 23 of them — the other 16 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 21 registered agreements, the effective carpet rate is ₹6,267/sqft (typical range ₹4,938–₹9,645) — 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:

FloorUnitCarpetReckoner value
Floor 5502417 sqft (38.77 sqm)₹18.00 Lakh
Ground/Floor 01483 sqft (44.91 sqm)₹24.25 Lakh

⚠ The inventory filing also declares: 16 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+7 and 39 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Panchganga1G+73931 Dec 2022

Unit mix on the filing: 34 residential and 5 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 Pushpak(NEW), sector R-1, Panvel, Raigarh, 410206. Per the filed land record, the plot is bounded to the north by plot no 25-26, to the south by 20 MTR wide Road, to the east by plot no 3 and to the west by plot no 5. 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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Builder track record

Morajkar Estates LLP is the promoter on 6 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 Morajkar Estates LLP

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Other RERA-registered projects in Panvel

Ambaji Residency
possession by Jul 2026 · Vishal Tukaram Patil
Bayview
possession by Jul 2026 · Skyline Realbuild LLP
Delta Heights
possession by Jul 2026 · Shreenathji Organisers Pvt. Ltd.
Micron Residency
possession by Jul 2026 · Micron Infra
Shree Mahadev Residency
possession by Jul 2026 · SK Developers
Aishwarya Cooperative Housing Society
possession by Aug 2026 · Royal Enterprises

Major developers building in Panvel

Other RERA-registered projects in Raigarh

Panchmukhi
declared completion Dec 2023 · Jayshakti Builders AND Developers
Panchratna Park
declared completion Dec 2018 · Hindustan Construction Builders & De
Pandurang Vaastu
possession by May 2029 · Om Vaastu Enterprises LLP
Pankaj Residency
declared completion Dec 2021 · Pankaj Homes
Panvel Pride
declared completion Oct 2025 · Ashiana Lifestyle
Panvel Pride Phase 2
possession by Dec 2027 · Elysian Spaces Private Limited

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