MahaRERA Property Intelligence · Palghar

PARASNATH CORNER

P99000018754 · HISSA NO 1 · promoter Shreenath Enterprises

Certificate SignedDue 31 Mar 2026

Delivery & Registration

MahaRERA registrationP99000018754
Registered on30 Nov 2018
Promoter-declared completion31 Mar 2026
Current statusCertificate Signed
Against todayabout 4 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, Shreenath Enterprises is the promoter of record on 62 projects, of which 11 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 ~71.6% of the estimated project cost incurred as of the last certificate (₹15.02 Cr spent against a ₹20.98 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 ~71.6% — 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 133 homes filed with MahaRERA, 63 are sold/booked and 70 remain available (~47% sold) — selling steadily. Buyers have committed ₹9.79 Cr in agreement value so far. Of that, ₹5.56 Cr (~57%) is already collected, ₹4.14 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 63 registered agreements, the effective carpet rate is ₹5,213/sqft (typical range ₹4,141–₹6,786) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

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 133 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
PARASNATH NAGARI BUILDING NO 21-13331 Mar 2021
PARASNATH NAGARI BUILDING NO 11--31 Mar 2021

Unit mix on the filing: 117 residential and 16 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.

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
30 Mar 202231 Mar 2026Work is delayed
30 Mar 202230 Mar 2023lockdown

Location, Land & Connectivity

Located at HISSA NO 1, 92 168 169, Vasai, Palghar, 401205. Per the filed land record, the plot is bounded to the north by 1, to the south by 1, to the east by 1 and to the west by 1. 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

Shreenath Enterprises is the promoter on 12 MahaRERA-registered projects, of which 3 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:

See every Shreenath Enterprises project & its RERA track record →

Other flagged projects by Shreenath Enterprises

Shreenath Enterprises
FlaggedThane
Shreenath Enterprises
FlaggedThane
Shreenath Enterprises
FlaggedPalghar
Shreenath Enterprises
Not filing quarterly progress reportsPalghar
Shreenath Enterprises
Not filing quarterly progress reportsPalghar
Shreenath Enterprises
FlaggedPalghar

Other RERA-registered projects in Palghar

Parasnath Garden-S NO 182-3 196-7
possession by Sep 2027 · Shreenath Enterprises
Parasnath Garden- SNO 200-1-2
possession by Sep 2026 · Shreenath Enterprises
Parasnath Nagari
possession by Sep 2027 · Shreenath Enterprises
Parasnath Nagari
possession by Sep 2027 · Shreenath Enterprises
Parasnath Nagari
possession by Dec 2027 · Shreenath Enterprises
Parasnath Nagari Building NO. 1
declared completion Jun 2024 · Shree Parasnath Builders

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