Shree Balaji Developers
MahaRERA Property Intelligence · Palghar
P99000022803 · NALLASOPARA (WEST) · promoter Shree Balaji Developers
| MahaRERA registration | P99000022803 |
| Registered on | 30 Oct 2019 |
| Promoter-declared completion | 31 Dec 2028 |
| Current status | Certificate Signed |
| Against today | 29 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.
MahaRERA's cost filing puts construction at ~47.6% of the estimated project cost incurred as of the last certificate (₹2.24 Cr spent against a ₹4.70 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.
Of 31 homes filed with MahaRERA, 9 are sold/booked (8 with registered agreements + 1 booked) and 22 remain available (~29% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹3.12 Cr in agreement value so far. Of that, ₹5.32 Cr (~171%) is already collected, ₹68.75 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 9 registered agreements, the effective carpet rate is ₹12,853/sqft (typical range ₹7,984–₹20,831) — 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:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 1 | 106 | 297 sqft (27.6 sqm) | ₹19.74 Lakh |
| Floor 2 | 201 | 276 sqft (25.6 sqm) | ₹19.74 Lakh |
| Floor 2 | 202 | 274 sqft (25.48 sqm) | ₹19.64 Lakh |
| Floor 2 | 203 | 257 sqft (23.85 sqm) | ₹16.97 Lakh |
| Floor 2 | 204 | 297 sqft (27.6 sqm) | ₹19.74 Lakh |
| Floor 2 | 205 | 301 sqft (27.96 sqm) | ₹21.55 Lakh |
| Floor 2 | 206 | 297 sqft (27.6 sqm) | ₹21.28 Lakh |
| Floor 2 | 208 | 342 sqft (31.75 sqm) | ₹25.70 Lakh |
| Floor 3 | 301 | 276 sqft (25.6 sqm) | ₹19.74 Lakh |
| Floor 3 | 302 | 274 sqft (25.48 sqm) | ₹19.64 Lakh |
| Floor 3 | 303 | 257 sqft (23.85 sqm) | ₹16.97 Lakh |
| Floor 3 | 304 | 297 sqft (27.6 sqm) | ₹21.28 Lakh |
| Floor 3 | 305 | 301 sqft (27.96 sqm) | ₹21.55 Lakh |
| Floor 3 | 306 | 297 sqft (27.6 sqm) | ₹21.28 Lakh |
| Floor 3 | 307 | 302 sqft (28.06 sqm) | ₹21.63 Lakh |
| Floor 3 | 308 | 276 sqft (25.6 sqm) | ₹21.28 Lakh |
| Floor 4 | 401 | 458 sqft (42.55 sqm) | ₹3.28 Lakh |
| Floor 4 | 402 | 362 sqft (33.65 sqm) | ₹25.70 Lakh |
| Floor 4 | 403 | 276 sqft (25.6 sqm) | ₹21.28 Lakh |
| Floor 4 | 404 | 276 sqft (25.6 sqm) | ₹21.28 Lakh |
| Ground/Floor 0 | 01 | 255 sqft (23.66 sqm) | ₹18.24 Lakh |
| Ground/Floor 0 | 02 | 190 sqft (17.69 sqm) | ₹12.59 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.
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 31 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| PHILIPS VILLA | 1 | G+4 | 31 | 31 Dec 2021 |
Unit mix on the filing: 31 residential.
2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000192781 | 29/02/2020 | SHAMBHU KUMAR GOENKA vs SHREE BALAJI DEVELOPERS | order passed |
| CC006000000171641 | 23/11/2019 | Vinay patel vs ABHISHEK RAMSINGH HANDA | order passed |
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 Dec 2022 | 31 Dec 2025 | CHANGE OF DEVELOPMENT CONTROL RULES AND REVISED STATUARY PERMISSIONS |
| 30 Dec 2022 | 31 Dec 2028 | Respected Sir/Madam, We, the promoters of the project Philips Villa (Reg. No. P99000022803), humbly submit this application seeking revocation of the “Lapsed” status and extensio |
Located at NALLASOPARA (WEST), RAM LAXMAN MARG, PANCHAL NAGAR, Borivali, Mumbai Suburban, 401203. Per the filed land record, the plot is bounded to the north by BUILDING, to the south by GROUND, to the east by BUILDING and to the west by ROAD. 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.
🔒 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 PHILIPS VILLA?
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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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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Shree Balaji Developers is the promoter on 14 MahaRERA-registered projects, of which 5 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 Shree Balaji Developers project & its RERA track record →
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