MahaRERA Property Intelligence · Thane

PRISM INDUSTRIAL ESTATE

P51700032231 · NEAR PENDHARKAR COLLEGE · promoter Splendor Shelters Pvt

Certificate SignedDue 31 Oct 2025

Delivery & Registration

MahaRERA registrationP51700032231
Registered on15 Dec 2021
Promoter-declared completion31 Oct 2025
Current statusCertificate Signed
Against todayabout 9 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, Splendor Shelters Pvt is the promoter of record on 10 projects, of which 1 carries 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 ~82.0% of the estimated project cost incurred as of the last certificate (₹2.75 Cr spent against a ₹3.36 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. The declared completion date has already passed while the cost-incurred filing sits at ~82.0% — a wide gap between the promise and the money actually spent on site.

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 36 homes filed with MahaRERA, 10 are sold/booked and 26 remain available (~28% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹2.84 Cr in agreement value so far. Of that, ₹1.45 Cr (~51%) is already collected, ₹1.39 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 10 registered agreements, the effective carpet rate is ₹10,014/sqft (typical range ₹9,508–₹13,171) — 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:

FloorUnitCarpetReckoner value
Floor 1Office No.01272 sqft (25.3 sqm)₹21.10 Lakh
Floor 1Office No.02221 sqft (20.52 sqm)₹17.11 Lakh
Floor 1Office No.03221 sqft (20.52 sqm)₹17.11 Lakh
Floor 1Office No.06286 sqft (26.6 sqm)₹22.18 Lakh
Floor 1Office No.07440 sqft (40.91 sqm)₹34.12 Lakh
Floor 2Office No.01272 sqft (25.3 sqm)₹21.10 Lakh
Floor 2Office No.02221 sqft (20.52 sqm)₹17.11 Lakh
Floor 2Office No.03221 sqft (20.52 sqm)₹17.11 Lakh
Floor 2Office No.06286 sqft (26.6 sqm)₹22.18 Lakh
Floor 2Office No.07440 sqft (40.91 sqm)₹34.12 Lakh
Floor 2Office No.08395 sqft (36.74 sqm)₹30.64 Lakh
Floor 2Office No.09421 sqft (39.13 sqm)₹32.63 Lakh
Floor 3Office No.01272 sqft (25.3 sqm)₹21.10 Lakh
Floor 3Office No.02221 sqft (20.52 sqm)₹17.11 Lakh
Floor 3Office No.03221 sqft (20.52 sqm)₹17.11 Lakh
Floor 3Office No.07440 sqft (40.91 sqm)₹34.12 Lakh
Floor 3Office No.08395 sqft (36.74 sqm)₹30.64 Lakh
Floor 3Office No.09421 sqft (39.13 sqm)₹32.63 Lakh
Ground/Floor 0Shop No.01276 sqft (25.67 sqm)₹23.26 Lakh
Ground/Floor 0Shop No.02298 sqft (27.64 sqm)₹25.04 Lakh
Ground/Floor 0Shop No.03298 sqft (27.64 sqm)₹25.04 Lakh
Ground/Floor 0Shop No.05298 sqft (27.64 sqm)₹25.04 Lakh
Ground/Floor 0Shop No.06290 sqft (26.97 sqm)₹24.43 Lakh
Ground/Floor 0Shop No.07584 sqft (54.29 sqm)₹49.19 Lakh
Ground/Floor 0Shop No.08400 sqft (37.12 sqm)₹33.63 Lakh
Ground/Floor 0Shop No.09425 sqft (39.5 sqm)₹35.79 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+3 and 36 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
PRISM INDUSTRIAL ESTATE1G+33631 Oct 2025

Unit mix on the filing: 36 non-residential (shops/offices).

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 NEAR PENDHARKAR COLLEGE, MIDC ROAD, Kalyan, Thane, 421203. Per the filed land record, the plot is bounded to the north by MIDC PLOT, to the south by 30 MTR WIDE ROAD, to the east by PLOT OF SHAKTI GAS COMPANY and to the west by PLOT NO P 50. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~24 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 park24 km
Andheri MIDC / SEEPZ26 km
Chhatrapati Shivaji Int'l Airport29 km
Bandra Kurla Complex (BKC)30 km
Lower Parel / Worli business district38 km
Nariman Point / Fort44 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

Splendor Shelters PVT LTD is the promoter on 5 MahaRERA-registered projects, of which 1 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 Splendor Shelters PVT LTD

Splendor Shelters PVT LTD
FlaggedThane
Splendor Shelters PVT LTD
FlaggedThane
Splendor Shelters PVT LTD
FlaggedThane

Other RERA-registered projects in Hedutane

Fiora F
possession by Aug 2026 · Lodha Developers Limited
Liana D
possession by Aug 2026 · Lodha Developers Limited
Ambrin 3
possession by Sep 2026 · Impressions
Liana C
possession by Sep 2026 · Lodha Developers Limited
Casa Belvedere
possession by Oct 2026 · Lodha Developers Limited
Fiora G And H
possession by Oct 2026 · Lodha Developers Limited

Major developers building in Hedutane

Other RERA-registered projects in Thane

Prism Park
declared completion Dec 2025 · Satguru Enterprises
Pristine Tower
declared completion Mar 2021 · Ideal Developers
Pristine Views
declared completion Dec 2025 · Mindspace Developers
Pritam Solitaire
declared completion Dec 2025 · Jayesh Pramodbhai Thakkar
Prithvi Pride Building NO 2
possession by Dec 2029 · Prithvi Land Developers
Prithvi Pride Building NO 3
possession by Dec 2028 · Prithvi Land Developers

What to verify (QPR non-filer)

  1. Cross-check the developer's last QPR filing date on the MahaRERA portal — non-filing can indicate stalled construction.
  2. Visit the site (or request a third-party inspection report) to verify actual construction progress.
  3. If no QPR has been filed for more than two quarters, file a complaint with MahaRERA for non-disclosure.

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