MahaRERA Property Intelligence · Mumbai City

Pearl Elegance

PR1170002500367 · Mahim · promoter Pearl Concept Realty

Certificate SignedDue 31 Dec 2028

Delivery & Registration

MahaRERA registrationPR1170002500367
Registered on25 Jul 2025
Promoter-declared completion31 Dec 2028
Current statusCertificate Signed
Against today29 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, Pearl Concept Realty is the promoter of record on 21 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 ~39.2% of the estimated project cost incurred as of the last certificate (₹3.87 Cr spent against a ₹9.86 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 18 homes filed with MahaRERA, 2 are sold/booked and 16 remain available (~11% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹3.01 Cr in agreement value so far. Of that, ₹1.45 Cr (~48%) is already collected, ₹1.57 Cr receivable — a read on how far along these sales really are. Note: the project registers 34 homes in total, but this sold/unsold inventory filing covers only 18 of them — the other 16 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:

FloorUnitCarpetReckoner value
Floor 1101449 sqft (41.71 sqm)₹98.93 Lakh
Floor 2201449 sqft (41.71 sqm)₹98.93 Lakh
Floor 3301449 sqft (41.71 sqm)₹98.93 Lakh
Floor 4401449 sqft (41.71 sqm)₹98.93 Lakh
Floor 5501449 sqft (41.71 sqm)₹98.93 Lakh
Floor 6603412 sqft (38.28 sqm)₹90.79 Lakh
Floor 7701449 sqft (41.71 sqm)₹98.93 Lakh
Floor 7703412 sqft (38.28 sqm)₹90.79 Lakh
Floor 8801449 sqft (41.71 sqm)₹98.93 Lakh
Floor 8804631 sqft (58.62 sqm)₹1.39 Cr
Floor 9901449 sqft (41.71 sqm)₹98.93 Lakh
Floor 9902734 sqft (68.19 sqm)₹1.62 Cr
Floor 9903412 sqft (38.28 sqm)₹90.79 Lakh
Floor 9904631 sqft (58.62 sqm)₹1.39 Cr
Ground/Floor 0G01449 sqft (41.71 sqm)₹98.93 Lakh
Ground/Floor 0G02449 sqft (41.71 sqm)₹98.93 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+9 and 34 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Blue Sapphire CHS Ltd1G+934-

Unit mix on the filing: 34 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.

Location, Land & Connectivity

Located at Mahim, Pitamber Lane, Mumbai City, Mumbai City, 400016. Per the filed land record, the plot is bounded to the north by FP no 460, to the south by FP no 465, to the east by Pitamber Lane and to the west by FP no 463. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~4 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Bandra Kurla Complex (BKC)4 km
Lower Parel / Worli business district5 km
Chhatrapati Shivaji Int'l Airport6 km
Andheri MIDC / SEEPZ11 km
Powai / Hiranandani business park11 km
Nariman Point / Fort13 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 Mahim

Makhdoom Heights
possession by Nov 2026 · Naqi Developers Private Limited
Karpur Heights
possession by Dec 2026 · Parvasha Grihnirman Sanstha
Airyaman Terraces
possession by Dec 2026 · Airyaman Developers LLP
ANJ Ananda
possession by Dec 2026 · A N J Recon LLP
Kapil Tirth
possession by Dec 2026 · Prathamesh Projects LLP
Medius
possession by Dec 2026 · Aventa Properties LLP

Major developers building in Mahim

Other RERA-registered projects in Mumbai City

Pearl Harmony
declared completion Mar 2022 · Pearl Concept Constructions
Pearl Heights
possession by Jun 2027 · M/s Sitesh Developers
Pearl Residency
declared completion Apr 2023 · Pushpa Construction CO
PG House
declared completion Dec 2018 · Mukesh Mansukhlal Sanghvi
Phoenix-B
declared completion Dec 2023 · Yashaswi Builder
Pier 23
declared completion Jun 2024 · Hoor Constructions

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