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MahaRERA Property Intelligence · Mumbai Suburban
P51800003673 · New Subhash Nagar · promoter Raj Builders Developers
| MahaRERA registration | P51800003673 |
| Registered on | 06 Aug 2017 |
| Promoter-declared completion | 31 Dec 2025 |
| Current status | Certificate Signed |
| Against today | about 7 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.
MahaRERA's cost filing puts construction at ~95.0% of the estimated project cost incurred as of the last certificate (₹30.40 Cr spent against a ₹32.00 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 112 homes filed with MahaRERA, 105 are sold/booked and 7 remain available (~94% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹111.57 Cr in agreement value so far. Of that, ₹77.20 Cr (~69%) is already collected, ₹35.63 Cr receivable — a read on how far along these sales really are. Note: the project registers 180 homes in total, but this sold/unsold inventory filing covers only 112 of them — the other 68 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 105 registered agreements, the effective carpet rate is ₹16,220/sqft (typical range ₹11,735–₹19,418) — 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 | 1002 | 783 sqft (72.77 sqm) | ₹1.55 Cr |
| Floor 10 | 1004 | 783 sqft (72.77 sqm) | ₹1.55 Cr |
| Floor 22 | 2201 | 783 sqft (72.77 sqm) | ₹1.62 Cr |
| Floor 22 | 2204 | 783 sqft (72.77 sqm) | ₹1.62 Cr |
| Floor 22 | 2204 | 351 sqft (32.62 sqm) | ₹72.84 Lakh |
| Floor 3 | 303 | 783 sqft (72.77 sqm) | ₹1.55 Cr |
| Floor 4 | 403 | 783 sqft (72.77 sqm) | ₹1.55 Cr |
⚠ The inventory filing also declares: 68 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+23 and 180 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| RAJ PANTHEON | 1 | G+23 | 180 | - |
Unit mix on the filing: 174 residential and 6 non-residential (shops/offices).
19 complaints are on the MahaRERA record for this project, with orders passed in 4. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000056311 | 26/09/2018 | Bikram singh Butola vs Rajesh Surti | order passed |
| CC006000000193905 | 04/09/2020 | Sanjay Sharma vs Rajesh Surti | order passed |
| CC006000000193906 | 05/09/2020 | Ameeta Lewis vs Rajesh Surti | order passed |
| CC12400042 | 05/09/2024 | james fredrick mascarenhas vs Rajesh Arvind Surti | order passed |
| CC12500247 | 24/01/2025 | Kaustubh Prithviraj Inarkar vs Rajesh Arvind Surti | pending / no order on file |
| CC12401110 | 12/12/2024 | Satyam Deepak Mokashi vs Rajesh Arvind Surti | pending / no order on file |
| CC12401296 | 31/12/2024 | Sushma Kishor Nerurkar vs Rajesh Arvind Surti | pending / no order on file |
| CC12503805 | 31/10/2025 | Damji Shah vs Rajesh Arvind Surti | pending / no order on file |
| CC12503803 | 31/10/2025 | Premila Damji Shah vs Rajesh Arvind Surti | pending / no order on file |
| CC12503930 | 09/11/2025 | Reshmi Raghunathan Nambiar vs Rajesh Arvind Surti | pending / no order on file |
| CC12600788 | 11/02/2026 | Krishnakumar Shiv Jha vs Rajesh Arvind Surti | pending / no order on file |
| CC12600843 | 14/02/2026 | ArunKumar Rambriksh Rai vs Rajesh Arvind Surti | pending / no order on file |
| CC12602008 | 05/04/2026 | Balasubramanian Krishnamurthy Iyer vs Raj builders & Developers | pending / no order on file |
| CC12602012 | 05/04/2026 | Shivkumar Sadashivan Nadar vs Raj builders & Developers | pending / no order on file |
| CC12602007 | 05/04/2026 | Raj Narayana Sahu vs Raj builders & Developers | pending / no order on file |
| CC12602094 | 09/04/2026 | Anwesha Datta Gupta vs Raj builders & Developers | pending / no order on file |
| CC12603627 | 12/06/2026 | Franky Dsouza vs Raj builders & Developers | pending / no order on file |
| CC12603631 | 12/06/2026 | Amita Chandrakant Shah vs Raj builders & Developers | pending / no order on file |
| CC12604488 | 18/07/2026 | Bernadette Denis Dsouza vs Raj builders & Developers | pending / no order on file |
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 |
|---|---|---|
| 30 Jun 2024 | 30 Dec 2023 | DUE TO COVID-19 AND PERMISSION DELAY THE PROJECT WAS NOT ABLE TO GET COMPLETED ON TIME. WE WOULD LIKE TO REQUEST YOU TO FURTHER GRANT US EXTENSION FOR 1 YEAR |
| 30 Jun 2024 | 30 Jun 2024 | Due to non-availability of labour & Materials & due to non-availability of financial add on time the project was not completed in time. |
| 30 Dec 2022 | 31 Dec 2025 | We would like to respectfully bring to your attention that the project has encountered cert unforeseen technical challenge that have adversely impacted the originally proposed time |
Located at New Subhash Nagar, off M G Road, Borivali, Mumbai Suburban, 400104. Per the filed land record, the plot is bounded to the north by MANGAL MURTI CHSL, to the south by ROAD, to the east by ROAD and to the west by GOREGAON NAV JAGRUTI CHSL. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~5 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 5 km |
| Powai / Hiranandani business park | 9 km |
| Chhatrapati Shivaji Int'l Airport | 9 km |
| Bandra Kurla Complex (BKC) | 12 km |
| Lower Parel / Worli business district | 19 km |
| Nariman Point / Fort | 27 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 RAJ PANTHEON?
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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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.
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Not Available is the promoter on 4 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:
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