MahaRERA Property Intelligence · Raigarh

PANVEL PRIDE PHASE 2

P52000030827 · Harigram Road · promoter Elysian Spaces Private

Certificate SignedDue 31 Dec 2027

Delivery & Registration

MahaRERA registrationP52000030827
Registered on14 Sep 2021
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, Elysian Spaces Private is the promoter of record on 3 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 ~27.8% of the estimated project cost incurred as of the last certificate (₹1.36 Cr spent against a ₹4.90 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 42 homes filed with MahaRERA, 8 are sold/booked (2 with registered agreements + 6 booked) and 34 remain available (~19% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹1.88 Cr in agreement value so far. Of that, ₹65.38 Lakh (~35%) is already collected, ₹1.23 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 8 registered agreements, the effective carpet rate is ₹5,020/sqft (typical range ₹4,918–₹7,238) — 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 1101428 sqft (39.8 sqm)₹22.01 Lakh
Floor 1101361 sqft (33.54 sqm)₹18.55 Lakh
Floor 1102432 sqft (40.1 sqm)₹22.18 Lakh
Floor 1102361 sqft (33.54 sqm)₹18.55 Lakh
Floor 1103590 sqft (54.83 sqm)₹30.32 Lakh
Floor 1104361 sqft (33.54 sqm)₹18.55 Lakh
Floor 1104446 sqft (41.45 sqm)₹22.93 Lakh
Floor 1105428 sqft (39.8 sqm)₹22.01 Lakh
Floor 2201362 sqft (33.61 sqm)₹18.59 Lakh
Floor 2201428 sqft (39.73 sqm)₹21.97 Lakh
Floor 2202362 sqft (33.61 sqm)₹18.59 Lakh
Floor 2202431 sqft (40.03 sqm)₹22.14 Lakh
Floor 2203399 sqft (37.08 sqm)₹20.51 Lakh
Floor 2204376 sqft (34.96 sqm)₹19.34 Lakh
Floor 2205362 sqft (33.61 sqm)₹18.59 Lakh
Floor 3301428 sqft (39.8 sqm)₹22.01 Lakh
Floor 3301361 sqft (33.54 sqm)₹18.55 Lakh
Floor 3303361 sqft (33.54 sqm)₹18.55 Lakh
Floor 3304361 sqft (33.54 sqm)₹18.55 Lakh
Floor 3304446 sqft (41.45 sqm)₹22.93 Lakh
Floor 3305428 sqft (39.73 sqm)₹21.97 Lakh
Floor 4401362 sqft (33.61 sqm)₹18.59 Lakh
Floor 4401428 sqft (39.73 sqm)₹21.97 Lakh
Floor 4402362 sqft (33.61 sqm)₹18.59 Lakh
Floor 4403588 sqft (54.61 sqm)₹30.20 Lakh
Floor 4404398 sqft (36.93 sqm)₹20.42 Lakh
Floor 4404376 sqft (34.96 sqm)₹19.34 Lakh
Floor 4405362 sqft (33.61 sqm)₹18.59 Lakh
Ground/Floor 0001428 sqft (39.8 sqm)₹22.01 Lakh
Ground/Floor 0001361 sqft (33.54 sqm)₹18.55 Lakh
Ground/Floor 0002432 sqft (40.1 sqm)₹22.18 Lakh
Ground/Floor 0003590 sqft (54.83 sqm)₹30.32 Lakh
Ground/Floor 0004361 sqft (33.54 sqm)₹18.55 Lakh
Ground/Floor 0005428 sqft (39.8 sqm)₹22.01 Lakh

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+4 and 42 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A1G+419-
B1G+423-

Unit mix on the filing: 42 residential.

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Deadline Extensions

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
31 Dec 202431 Dec 2025We humbly submit herewith that the project Panvel Pride Phase 2 located at Survey No 74/2/A/2/B/2 and 74/2/A/2/B/3, village Kevale, taluka Panvel, district Raigad- 410 206 was regi
31 Dec 202431 Dec 2027We had received MahaRERA Registration for our above mentioned project on _//_ having validity till 31/12/2025. Due to market conditions, we did not begin the construction as well a

Location, Land & Connectivity

Located at Harigram Road, Near Vidhyadhiraj Charitable Trust , Thane, Thane, 410206. Per the filed land record, the plot is bounded to the north by Survey No 74-2-A-2-B-4, to the south by Survey No 74-2-A-2-B-1, to the east by Survey No 75-1-A and to the west by 9 Mtr NA 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 ~28 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Powai / Hiranandani business park28 km
Bandra Kurla Complex (BKC)30 km
Chhatrapati Shivaji Int'l Airport31 km
Andheri MIDC / SEEPZ32 km
Lower Parel / Worli business district34 km
Nariman Point / Fort36 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.

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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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

Panvelkar Swarajya Phase-I
declared completion Dec 2020 · Panvelkar Infrastructures Private Limite
Paradise B
declared completion Dec 2023 · Saurabh Realties
Paradiso BAY
declared completion Dec 2021 · Atharva Realty Private Limited
Paramount Height
declared completion Nov 2020 · Mahir Builders AND Developers
Paras Apartment
declared completion Mar 2022 · Govind Tirath Singh
Paraskunj
possession by Mar 2027 · Punit Enterprises

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