MahaRERA Property Intelligence · Thane

PRASADAM PHASE III

P51700005877 · Ambarnath · promoter Sai Ashray Developers

Certificate SignedDue 31 Mar 2024

Delivery & Registration

MahaRERA registrationP51700005877
Registered on14 Aug 2017
Promoter-declared completion31 Mar 2024
Current statusCertificate Signed
Against todayabout 28 months past 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, Sai Ashray Developers is the promoter of record on 23 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.

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+8.

BuildingWingsFloorsDeclared completion
PRASADAM WING NOPQ1G+821 Dec 2020

Complaints & Orders

20 complaints are on the MahaRERA record for this project, with orders passed in 19. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00600000000023419/11/2018Sanjay Gupta vs Sai Ashray Developers Pvt Ltdorder passed
CC00600000002394305/04/2018RAJKUMARI YASHPAL SHARMA vs Sai Ashray Developers Pvt. Ltd.order passed
CC00600000004397005/04/2018YASH TEXTILE MACHINES PVT. LTD. vs SAI ASHRAY DEVELOPERS PVT LTDorder passed
CC00600000004445109/05/2018AVADHUT TELI vs SAI ASHRAY DEVELOPERS PVT LTDorder passed
CC00600000005644204/10/2018Jagdish S Peswani vs Sai Ashraya Developers Private Limitedorder passed
CC00600000042914826/02/2024CHIRANJIV YUGAL KISHORE SHAH vs SAI ASHRAY DEVELOPERS PVT LTDorder passed
CC00600000005689313/11/2018Meenakshi Sagdeo vs M/S Sai Ashray Developers Private Limitedorder passed
CC00600000007914504/05/2019Sanjay Budho sing Patil vs Sai Ashray developersorder passed
CC00600000010057821/08/2019Bahadursing Patil vs Sai Ashray Developersorder passed
CC00600000007901823/04/2019MANGESH G CHAVAN vs Sai Ashray Developers Pvt. Ltdorder passed
CC00600000020966718/01/2022vijay nair vs SAI ASHRAY DEVELOPERS PVT LTDorder passed
CC00600000021000211/02/2022Sajan Jessaram Bhojwani and Mrs. Vidya Sajan Bhojwani vs M/s. Sai Ashray Developers Pvt Ltd & Orsorder passed
CC00600000033400519/01/2023Akshata Dujji vs Sai Ashray Developers Pvt Ltdorder passed
CC00600000036477013/04/2023Hemantkumar Suryamani Shukla vs M/s. Sai Ashray Developers Pvt. Ltd.order passed
CC00600000039580515/05/2023Parag Prabhakar Khanvilkar vs Sai Ashray Developers Private Limitedorder passed
CC00600000039718821/08/2023Ramesh Hotchand Premaney and Hemlata Ramesh Premaney vs Sai Ashray Developers Pvt Ltdorder passed
CC00600000042931917/03/2024ashutosh Dubey vs M/S Sai Ashray Developers pvt ltdorder passed
CC1250184005/06/2025ananda shankar jangam vs SAI ASHRAY DEVELOPERS PVT LTDorder passed
CC1250397112/11/2025Mrs Anjum Gulam Sadiqque vs SAI ASHRAY DEVELOPERS PVT LTDpending / no order on file
CC1260214311/04/2026Bhavana Vishal patil vs SAI ASHRAY DEVELOPERS PVT LTDorder passed

Legal & Litigation

The promoter has declared 1 court case on this project to MahaRERA. 1 is still pending. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.

CourtCase no.YearStatus
Civil Court Ulhasnagar3712015Pending

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.

From (declared)To (revised)Stated reason
31 Mar 202431 Mar 2024Resubmitting - As per order No 40 / circular dated 27.12.2022. We have tried for 51% consent. However, we have not been able to get 51% consent. For the reasons mentioned in the at
31 Mar 202421 Dec 2022Work has been got suck due to the nonavailability of workers and contractors. All Documents are uploaded. CERSAI document uploaded.

Location, Land & Connectivity

Located at Ambarnath, Ambarnath, Andheri, Mumbai Suburban, 421501. Per the filed land record, the plot is bounded to the north by 18 Mtr Proposed Road, to the south by 18 Mtr Proposed Road, to the east by 18 Mtr Proposed Road and to the west by Sai Ashray Dev Wing J K M. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~33 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Powai / Hiranandani business park33 km
Andheri MIDC / SEEPZ36 km
Chhatrapati Shivaji Int'l Airport38 km
Bandra Kurla Complex (BKC)38 km
Lower Parel / Worli business district45 km
Nariman Point / Fort50 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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Builder track record

SAI Ashray Developers PVT LTD is the promoter on 6 MahaRERA-registered projects, of which 6 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:

Other flagged projects by SAI Ashray Developers PVT LTD

SAI Ashray Developers PVT LTD
Past its declared completion dateThane
SAI Ashray Developers PVT LTD
Past its declared completion dateThane
SAI Ashray Developers PVT LTD
Past its declared completion dateThane
SAI Ashray Developers PVT LTD
Past its declared completion dateThane
SAI Ashray Developers PVT LTD
Past its declared completion dateThane

Other RERA-registered projects in Ambernath

24 High Bizbay
possession by Jul 2026 · Apex Infra
Shree Gajanan Enterprises Rukhmini CHS
possession by Jul 2026 · Shree Gajanan Enterprises Rukhmini CHS
Walekar Homes
possession by Aug 2026 · Walekar & Son's Developers
Patels Eirene
possession by Aug 2026 · Pramukh Developers
Ashok Smruti
possession by Sep 2026 · Asha Construction
Chadha Residency
possession by Sep 2026 · Chadha Developers AND Promoters

Major developers building in Ambernath

Other RERA-registered projects in Thane

Prasadam- Phase IV- Wing J K AND M
declared completion Jul 2023 · SAI Ashray Developers PVT LTD
Prasadam -Phase V- Wing R S T AND U
declared completion Jul 2023 · SAI Ashray Developers PVT LTD
Prasadam- Phase VI-Wing H I AND L
declared completion Aug 2023 · SAI Ashray Developers PVT LTD
Prasadam - Phase VII- Wing F AND G
declared completion Jan 2024 · SAI Ashray Developers PVT LTD
Pratapgad By Bhagwati Haware – Wing - C
possession by Dec 2032 · Bhagwati Haware Properties Supertech
Pratham Heights
declared completion Dec 2017 · Pratham Infrastructure

What to do next (past deadline)

  1. Ask the developer for the RERA extension filing — they must file for an extension before the deadline passes.
  2. Check the MahaRERA portal for a revised completion date or extension order.
  3. Review your allotment letter's possession clause for interest or compensation terms on delayed handover.
  4. File a complaint with MahaRERA if no extension has been filed and the delay is impacting possession.

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