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MahaRERA Property Intelligence · Mumbai City
P51900007684 · Naigaon Dadar East · promoter Sudhir Kishor Desai
| MahaRERA registration | P51900007684 |
| Registered on | 17 Aug 2017 |
| Promoter-declared completion | 31 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 months to 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, Sudhir Kishor Desai is the promoter of record on 51 projects, of which 12 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.
MahaRERA's cost filing puts construction at ~91.2% of the estimated project cost incurred as of the last certificate (₹26.68 Cr spent against a ₹29.26 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.
Of 53 homes filed with MahaRERA, 30 are sold/booked (28 with registered agreements + 2 booked) and 23 remain available (~57% sold) — selling steadily. Buyers have committed ₹38.18 Cr in agreement value so far. Of that, ₹31.40 Cr (~82%) is already collected, ₹6.78 Cr receivable — a read on how far along these sales really are. Note: the project registers 130 homes in total, but this sold/unsold inventory filing covers only 53 of them — the other 77 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 30 registered agreements, the effective carpet rate is ₹22,636/sqft (typical range ₹20,560–₹26,524) — 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:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 1 | Office 101 | 1,990 sqft (184.9 sqm) | ₹5.17 Cr |
| Floor 1 | Office 102 | 1,155 sqft (107.28 sqm) | ₹3.00 Cr |
| Floor 11 | 1102 | 432 sqft (40.14 sqm) | ₹97.62 Lakh |
| Floor 13 | 1303 | 562 sqft (52.21 sqm) | ₹1.27 Cr |
| Floor 14 | 1401 | 681 sqft (63.26 sqm) | ₹1.54 Cr |
| Floor 15 | 1501 | 681 sqft (63.26 sqm) | ₹1.54 Cr |
| Floor 16 | 1601 | 681 sqft (63.26 sqm) | ₹1.54 Cr |
| Floor 16 | 1602 | 432 sqft (40.14 sqm) | ₹97.62 Lakh |
| Floor 16 | 1603 | 562 sqft (52.21 sqm) | ₹1.27 Cr |
| Floor 17 | 1703 | 562 sqft (52.21 sqm) | ₹1.27 Cr |
| Floor 18 | 1801 | 968 sqft (89.96 sqm) | ₹2.19 Cr |
| Floor 18 | 1802 | 716 sqft (66.52 sqm) | ₹1.62 Cr |
| Floor 19 | 1902 | 716 sqft (66.52 sqm) | ₹1.62 Cr |
| Floor 20 | 2001 | 968 sqft (89.96 sqm) | ₹2.19 Cr |
| Floor 20 | 2002 | 716 sqft (66.52 sqm) | ₹1.62 Cr |
| Floor 4 | 401 | 681 sqft (63.26 sqm) | ₹1.54 Cr |
| Floor 4 | 402 | 432 sqft (40.14 sqm) | ₹97.62 Lakh |
| Floor 5 | 501 | 681 sqft (63.26 sqm) | ₹1.54 Cr |
| Floor 6 | 601 | 681 sqft (63.26 sqm) | ₹1.54 Cr |
| Floor 7 | 701 | 681 sqft (63.26 sqm) | ₹1.54 Cr |
| Floor 8 | 801 | 681 sqft (63.26 sqm) | ₹1.54 Cr |
| Floor 8 | 802 | 432 sqft (40.14 sqm) | ₹97.62 Lakh |
| Ground/Floor 0 | Shop 11 | 333 sqft (30.95 sqm) | ₹1.01 Cr |
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.
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+22 and 130 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| PANCHRATNA SRA CHS LTD | 1 | G+22 | 67 | 31 Dec 2020 |
| PANCHRATNA-NX | 1 | G+19 | 63 | 31 Dec 2020 |
Unit mix on the filing: 105 residential and 25 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
The promoter has declared 1 court case on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| High Court Appellate Side Bombay | ST NO 20007 | 2015 | Dismissed |
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 |
|---|---|---|
| 30 Jun 2025 | 31 Dec 2024 | AS PER APPLICATION ATTACHED |
| 30 Jun 2021 | 31 Dec 2026 | Please refer to the submission attached |
Located at Naigaon Dadar East, B.J.Devrukhkar Road & S.M. Jadhav Road, Vasai, Palghar, 400014. Per the filed land record, the plot is bounded to the north by P NO 60, to the south by B J DEVRUKHKAR ROAD, to the east by P NO 64 AND 66 and to the west by S M JADHAV ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~2 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Lower Parel / Worli business district | 2 km |
| Bandra Kurla Complex (BKC) | 6 km |
| Chhatrapati Shivaji Int'l Airport | 9 km |
| Nariman Point / Fort | 10 km |
| Andheri MIDC / SEEPZ | 13 km |
| Powai / Hiranandani business park | 13 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 PANCHRATNA-NX?
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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Last checked against the RERA register: 27 Jul 2026