PARASNATH NAGARI

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).

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 ~100.0% of the estimated project cost incurred as of the last certificate (₹7.35 Cr spent against a ₹7.35 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 77 homes filed with MahaRERA, 43 are sold/booked and 34 remain available (~56% sold) — selling steadily. Buyers have committed ₹5.95 Cr in agreement value so far. Of that, ₹5.25 Cr (~88%) is already collected, ₹69.79 Lakh 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 43 registered agreements, the effective carpet rate is ₹5,032/sqft (typical range ₹4,080–₹7,162) — 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:

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+5 and 77 homes are registered across the project.

Unit mix on the filing: 50 residential and 27 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.

Location, Land & Connectivity

Located at UMROLI RLY STN, UMROLI EAST, Vasai, Palghar, 401404. Per the filed land record, the plot is bounded to the north by 12 M WIDE ROAD, to the south by OPEN SPACE, to the east by 12 M WIDE ROAD and to the west by BLDG NO 05. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~70 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

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:

• Shree Nath Nagar NO 1 AND 2 — Not filing quarterly progress reports
• Parasnath Nagari — Not filing quarterly progress reports
• Parasnath Garden-S NO 182-3 196-7 — Not filing quarterly progress reports

See every Shreenath Enterprises project & its RERA track record →

Other flagged projects by Shreenath Enterprises

Other RERA-registered projects in Palghar

Major developers building in Palghar

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.