The Wave
MahaRERA Property Intelligence · Mumbai Suburban
P51800051476 · Bandra West · promoter Space India Builders
| MahaRERA registration | P51800051476 |
| Registered on | 23 Jun 2023 |
| Promoter-declared completion | 30 Jun 2027 |
| Current status | Certificate Signed |
| Against today | 11 months to 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.
MahaRERA's cost filing puts construction at ~46.6% of the estimated project cost incurred as of the last certificate (₹4.98 Cr spent against a ₹10.69 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 ~11 months to the declared date and ~46.6% 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.
Of 31 homes filed with MahaRERA, 12 are sold/booked and 19 remain available (~39% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹16.92 Cr in agreement value so far. Of that, ₹11.12 Cr (~66%) is already collected, ₹5.80 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 12 registered agreements, the effective carpet rate is ₹31,324/sqft (typical range ₹20,186–₹37,303) — 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 10 | 1001 | 328 sqft (30.49 sqm) | ₹72.38 Lakh |
| Floor 11 | 1101 | 883 sqft (82.04 sqm) | ₹1.95 Cr |
| Floor 11 | 1102 | 330 sqft (30.66 sqm) | ₹72.59 Lakh |
| Floor 12 | 1203 | 1,122 sqft (104.2 sqm) | ₹2.47 Cr |
| Floor 2 | Office - 201 | 312 sqft (29 sqm) | ₹81.87 Lakh |
| Floor 2 | Office - 202 | 281 sqft (26.15 sqm) | ₹73.82 Lakh |
| Floor 2 | Office - 203 | 119 sqft (11.09 sqm) | ₹31.31 Lakh |
| Floor 2 | Office - 205 | 194 sqft (18 sqm) | ₹50.81 Lakh |
| Floor 3 | 301 | 1,103 sqft (102.5 sqm) | ₹2.89 Cr |
| Floor 4 | 401 | 786 sqft (72.99 sqm) | ₹1.73 Cr |
| Floor 5 | 501 | 786 sqft (72.99 sqm) | ₹1.73 Cr |
| Floor 5 | 502 | 297 sqft (27.56 sqm) | ₹65.42 Lakh |
| Floor 6 | 601 | 854 sqft (79.3 sqm) | ₹1.88 Cr |
| Floor 7 | 701 | 786 sqft (72.99 sqm) | ₹1.73 Cr |
| Floor 7 | 702 | 304 sqft (28.24 sqm) | ₹67.04 Lakh |
| Floor 8 | 801 | 686 sqft (63.71 sqm) | ₹1.51 Cr |
| Floor 8 | 802 | 525 sqft (48.78 sqm) | ₹1.16 Cr |
| Floor 9 | 901 | 853 sqft (79.27 sqm) | ₹1.88 Cr |
| Floor 9 | 902 | 358 sqft (33.22 sqm) | ₹78.86 Lakh |
⚠ The inventory filing also declares: 1 reserved. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+12 and 32 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Queen of Spaces | 1 | G+12 | 32 | - |
Unit mix on the filing: 17 residential and 15 non-residential (shops/offices).
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 1 time. 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 Jan 2026 | 30 Jun 2027 | We, the promoter, respectfully submit that the delay in completion of the project has occurred due to the delayed issuance of the aviation (NOC) by the concerned authority. The Avi |
Located at Bandra West, Bandra TPS- III at 35th Road, Andheri, Mumbai Suburban, 400050. Per the filed land record, the plot is bounded to the north by 12M Wide 35th Road, to the south by Plot, to the east by FP No-514 and to the west by FP No-512. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~4 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Bandra Kurla Complex (BKC) | 4 km |
| Chhatrapati Shivaji Int'l Airport | 4 km |
| Lower Parel / Worli business district | 7 km |
| Andheri MIDC / SEEPZ | 8 km |
| Powai / Hiranandani business park | 9 km |
| Nariman Point / Fort | 16 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.
🔒 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 Queen of Spaces?
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
Scan with any UPI app to pay · quietlist@kotak
Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
Not useful to your decision? Full refund — no questions asked.
Scan with any UPI app to pay · quietlist@kotak
Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
Free · Watch this project
We'll email you when this project's RERA record changes.
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