Puraniks Unicorn Phase 1

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.

• Filing progress reports — 15 quarterly progress reports on record since registration, with no current default.

Builder Track Record

Across MahaRERA, Puranik Builders Limited is the promoter of record on 40 projects, of which 3 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 ~61.1% of the estimated project cost incurred as of the last certificate (₹180.00 Cr spent against a ₹294.54 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.

Sales & Inventory

Of 228 homes filed with MahaRERA, 206 are sold/booked (204 with registered agreements + 2 booked) and 22 remain available (~90% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹97.30 Cr in agreement value so far. Of that, ₹71.40 Cr (~73%) is already collected, ₹25.90 Cr receivable — a read on how far along these sales really are. Note: the project registers 252 homes in total, but this sold/unsold inventory filing covers only 228 of them — the other 24 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.

What buyers actually paid: across 206 registered agreements, the effective carpet rate is ₹12,961/sqft (typical range ₹12,561–₹13,857) — 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:

⚠ The inventory filing also declares: 24 not for sale. 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+40 and 252 homes are registered across the project.

Unit mix on the filing: 252 residential.

Complaints & Orders

2 complaints are on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Legal & Litigation

The promoter has declared 6 court cases on this project to MahaRERA. 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.

Location, Land & Connectivity

Located at Mogharpada, Ghodbunder Road, Thane, Thane, 400615. Per the filed land record, the plot is bounded to the north by Culvert and Adjoining Plot, to the south by Adjoining Plot and 20 Mt wide Road, to the east by Adjoining Plot and Culvert and to the west by 20 Mt wide Road. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~8199 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

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.

Builder track record

Puranik Builders Limited is the promoter on 20 MahaRERA-registered projects, of which 2 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:

• Puranik City Sector 5 — Deregistered by MahaRERA
• Puranik City Sector 6 — Deregistered by MahaRERA

See every Puranik Builders Limited project & its RERA track record →

Other flagged projects by Puranik Builders Limited

Other RERA-registered projects in Owale

Major developers building in Owale

Other RERA-registered projects in Thane

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.