Arihant Tower
MahaRERA Property Intelligence · Mumbai City
P51900054331 · Shivaji Park, Dadar · promoter Divine Ganesha Developers
| MahaRERA registration | P51900054331 |
| Registered on | 15 Jan 2024 |
| 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, Divine Ganesha Developers is the promoter of record on 16 projects, of which 1 carries 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 ~37.7% of the estimated project cost incurred as of the last certificate (₹8.03 Cr spent against a ₹21.33 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. With only ~5 months to the declared date and ~37.7% of the cost incurred, ask the promoter how the balance gets built in the time left.
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 16 homes filed with MahaRERA, 3 are sold/booked (2 with registered agreements + 1 booked) and 13 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 ₹7.89 Cr in agreement value so far. Of that, ₹2.90 Cr (~37%) is already collected, ₹4.99 Cr receivable — a read on how far along these sales really are. Note: the project registers 43 homes in total, but this sold/unsold inventory filing covers only 16 of them — the other 27 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.
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 10 | 1002 | 687 sqft (63.8 sqm) | ₹2.05 Cr |
| Floor 11 | 1102 | 687 sqft (63.8 sqm) | ₹2.05 Cr |
| Floor 15 | 1502 | 687 sqft (63.82 sqm) | ₹2.05 Cr |
| Floor 17 | 1701 | 972 sqft (90.3 sqm) | ₹2.90 Cr |
| Floor 17 | 1702 | 687 sqft (63.82 sqm) | ₹2.05 Cr |
| Floor 18 | 1801 | 972 sqft (90.3 sqm) | ₹2.90 Cr |
| Floor 18 | 1802 | 687 sqft (63.82 sqm) | ₹2.05 Cr |
| Floor 19 | 1901 | 972 sqft (90.3 sqm) | ₹2.20 Cr |
| Floor 4 | 402 | 687 sqft (63.8 sqm) | ₹2.05 Cr |
| Floor 5 | 502 | 687 sqft (63.8 sqm) | ₹2.05 Cr |
| Floor 6 | 602 | 687 sqft (63.8 sqm) | ₹2.05 Cr |
| Floor 8 | 802 | 687 sqft (63.8 sqm) | ₹2.05 Cr |
| Floor 9 | 902 | 687 sqft (63.8 sqm) | ₹2.05 Cr |
⚠ The inventory filing also declares: 1 owner/investor-held and 2 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+19 and 43 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Park 55 | 1 | G+19 | 43 | - |
Unit mix on the filing: 37 residential and 6 non-residential (shops/offices).
1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| SM12600041 | 10/01/2026 | Bhakti Achrekar vs Divine Ganesha Developers LLP | order passed |
Located at Shivaji Park, Dadar, M. B. Raut Road, Thane, Thane, 400028. Per the filed land record, the plot is bounded to the north by by Plot No 53 of the said Scheme, to the south by Plot No 57 of the said Scheme, to the east by by 40 Feet Road and to the west by Plot No 54 of the said Scheme. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~3 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 | 3 km |
| Bandra Kurla Complex (BKC) | 5 km |
| Chhatrapati Shivaji Int'l Airport | 8 km |
| Nariman Point / Fort | 11 km |
| Andheri MIDC / SEEPZ | 12 km |
| Powai / Hiranandani business park | 12 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 Park 55?
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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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