PINNACLE

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, Vaibhav Properties Private is the promoter of record on 60 projects, of which 8 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 ~42.9% of the estimated project cost incurred as of the last certificate (₹10.29 Cr spent against a ₹24.00 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 ~8 months to the declared date and ~42.9% 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.

Sales & Inventory

Of 31 homes filed with MahaRERA, 4 are sold/booked and 27 remain available (~13% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹17.80 Cr in agreement value so far. Of that, ₹11.96 Cr (~67%) is already collected, ₹5.84 Cr receivable — a read on how far along these sales really are. Note: the project registers 58 homes in total, but this sold/unsold inventory filing covers only 31 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:

⚠ The inventory filing also declares: 27 reserved. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+16 and 58 homes are registered across the project.

Unit mix on the filing: 58 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.

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 SION, SION FORT, Ward FNorth, Mumbai City, 400022. Per the filed land record, the plot is bounded to the north by BY 40 FEET ROAD NO 2, to the south by BY 60 FEET ROAD NO 29, to the east by BY 60 FEET ROAD NO 29 and to the west by PARTLY BY PLOT NO 52 AND PARTLY BY PLOT NO 49. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Other RERA-registered projects in Sion

Major developers building in Sion

Other RERA-registered projects in Mumbai City

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.