Shakti Developers
MahaRERA Property Intelligence · Thane
P51700025661 · KON GAON · promoter Shakti Developers
| MahaRERA registration | P51700025661 |
| Registered on | 01 Jul 2020 |
| Promoter-declared completion | 30 Jun 2026 |
| Current status | Certificate Signed |
| Against today | about 1 months past 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, Shakti Developers is the promoter of record on 129 projects, of which 19 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.
MahaRERA's cost filing puts construction at ~94.2% of the estimated project cost incurred as of the last certificate (₹10.22 Cr spent against a ₹10.84 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 85 homes filed with MahaRERA, 60 are sold/booked (52 with registered agreements + 8 booked) and 25 remain available (~71% sold) — selling steadily. Buyers have committed ₹13.44 Cr in agreement value so far. Of that, ₹11.64 Cr (~87%) is already collected, ₹1.80 Cr 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 60 registered agreements, the effective carpet rate is ₹6,435/sqft (typical range ₹3,996–₹8,107) — 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 | 101 | 400 sqft (37.19 sqm) | - |
| Floor 1 | 104 | 276 sqft (25.65 sqm) | - |
| Floor 1 | 108 | 429 sqft (39.88 sqm) | - |
| Floor 10 | 1008 | 276 sqft (25.67 sqm) | ₹8.42 Lakh |
| Floor 11 | 1101 | 297 sqft (27.6 sqm) | ₹9.96 Lakh |
| Floor 11 | 1104 | 412 sqft (38.26 sqm) | ₹6.64 Lakh |
| Floor 11 | 1105 | 400 sqft (37.15 sqm) | ₹9.96 Lakh |
| Floor 11 | 1106 | 429 sqft (39.88 sqm) | ₹10.27 Lakh |
| Floor 11 | 1107 | 400 sqft (37.19 sqm) | ₹9.95 Lakh |
| Floor 11 | 1108 | 276 sqft (25.67 sqm) | ₹8.42 Lakh |
| Floor 2 | 204 | 276 sqft (25.65 sqm) | - |
| Floor 2 | 205 | 400 sqft (37.2 sqm) | - |
| Floor 2 | 207 | 400 sqft (37.15 sqm) | - |
| Floor 3 | 301 | 400 sqft (37.19 sqm) | - |
| Floor 3 | 304 | 276 sqft (25.65 sqm) | - |
| Floor 3 | 308 | 429 sqft (39.88 sqm) | - |
| Floor 4 | 401 | 400 sqft (37.19 sqm) | - |
| Floor 4 | 402 | 276 sqft (25.67 sqm) | - |
| Floor 4 | 407 | 400 sqft (37.15 sqm) | - |
| Floor 5 | 502 | 276 sqft (25.67 sqm) | - |
| Floor 5 | 508 | 429 sqft (39.88 sqm) | - |
| Floor 6 | 604 | 400 sqft (37.2 sqm) | - |
| Floor 6 | 606 | 400 sqft (37.15 sqm) | - |
| Floor 6 | 607 | 429 sqft (39.88 sqm) | - |
| Floor 8 | 808 | 276 sqft (25.67 sqm) | ₹8.42 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+10 and 85 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| PRINCE AVENUE 1 | 1 | G+10 | 85 | - |
Unit mix on the filing: 85 residential.
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
The promoter has had the MahaRERA completion deadline formally extended 3 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 |
|---|---|---|
| 02 Sep 2023 | 31 Aug 2024 | Due to Covid Lockdown, the work could not take up the pace. So we humbly request you to consider extending the completion date. Also, there has been no progress in terms of booking |
| 02 Sep 2023 | 25 Nov 2025 | • The real estate industry went through multiple challenges over the pandemic years with supply chain disruption, labour crisis, and budget crunch slowing down growth. • We have b |
| 02 Sep 2023 | 30 Jun 2026 | Dear sir/Madam, I here with request you for extension of completion of the project namely Shakti Developers "PRINCE AVENUE", originally due on 25/11/2025. Due to unforeseen circums |
Located at KON GAON, SURVEY NUMBER 15 HISSA 4A-4B, Bhiwandi, Thane, 421302. Per the filed land record, the plot is bounded to the north by SURVEY NUMBER 15 HISSA 3, to the south by SURVEY NUMBER 15 HISSA 6-8, to the east by SURVEY NO 16 and to the west by SURVEY NO 10. 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 PRINCE AVENUE?
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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Shakti Developers is the promoter on 9 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).
See every Shakti 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