MahaRERA Property Intelligence · Thane

Rajeshwari Plaza

P51700052909 · Katrap · promoter Sheela Ravindra Ghormode

Certificate SignedDue 31 Mar 2027

Delivery & Registration

MahaRERA registrationP51700052909
Registered on05 Oct 2023
Promoter-declared completion31 Mar 2027
Current statusCertificate Signed
Against today8 months to 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, Sheela Ravindra Ghormode is the promoter of record on 90 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.

Construction Progress

MahaRERA's cost filing puts construction at ~100.0% of the estimated project cost incurred as of the last certificate (₹5.41 Cr spent against a ₹5.41 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 32 homes filed with MahaRERA, 19 are sold/booked (16 with registered agreements + 3 booked) and 13 remain available (~59% sold) — selling steadily. Buyers have committed ₹6.20 Cr in agreement value so far. Of that, ₹5.03 Cr (~81%) is already collected, ₹1.17 Cr receivable — a read on how far along these sales really are. Note: the project registers 39 homes in total, but this sold/unsold inventory filing covers only 32 of them — the other 7 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 19 registered agreements, the effective carpet rate is ₹8,934/sqft (typical range ₹8,411–₹9,379) — 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 1101247 sqft (22.95 sqm)₹13.99 Lakh
Floor 1103349 sqft (32.46 sqm)₹19.78 Lakh
Floor 1Office 1298 sqft (27.66 sqm)₹17.10 Lakh
Floor 1Office 2218 sqft (20.27 sqm)₹12.53 Lakh
Floor 1Office 3276 sqft (25.6 sqm)₹15.83 Lakh
Floor 5503295 sqft (27.45 sqm)₹17.49 Lakh
Floor 5505349 sqft (32.46 sqm)₹20.68 Lakh
Floor 6605349 sqft (32.46 sqm)₹20.68 Lakh
Floor 7704349 sqft (32.46 sqm)₹20.68 Lakh
Ground/Floor 0Shop 1332 sqft (30.85 sqm)₹23.28 Lakh
Ground/Floor 0Shop 2300 sqft (27.91 sqm)₹21.06 Lakh
Ground/Floor 0Shop 3252 sqft (23.42 sqm)₹17.67 Lakh
Ground/Floor 0Shop 460 sqft (5.57 sqm)₹4.20 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+7 and 39 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Rajeshwari Plaza1G+739-

Unit mix on the filing: 32 residential and 7 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 Katrap, Katrap Road, Ambarnath, Thane, 421503. Per the filed land record, the plot is bounded to the north by 5 mt w road, to the south by Ramya Nagri, to the east by Sai Srusti chs ltd and to the west by 15 mt w 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 ~8203 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Nariman Point / Fort8201 km
Lower Parel / Worli business district8203 km
Chhatrapati Shivaji Int'l Airport8208 km
Bandra Kurla Complex (BKC)8208 km
Andheri MIDC / SEEPZ8208 km
Powai / Hiranandani business park8212 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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Major developers building in Badlapur

Other RERA-registered projects in Thane

Rajeshwari Residency
declared completion Jun 2022 · Shree Siddhi Construction
Rajeshwari Residency Phase II
possession by Dec 2027 · Shree Siddhi Construction
Rajgad By Bhagwati Haware – Wing - D
possession by Dec 2032 · Bhagwati Haware Properties Supertech
Rajgad Galaxy
declared completion Jun 2025 · Shri Sai Associates
Rajoba Solitaire
declared completion Jun 2026 · M/s. Gangadhar Associates
Rajvi Heights
declared completion Jun 2023 · Meetali Enterprises

What to verify before you book

  1. Confirm the MahaRERA registration is live and read the project page on the MahaRERA portal for the sanctioned plan, approvals and the promoter's quarterly progress reports.
  2. Check the declared completion date against actual site progress — registration is not the same as a delivered, occupancy-certified building.
  3. Verify the exact carpet area, floor and unit number in your agreement match the sanctioned plan (not the brochure's saleable area).
  4. Confirm the title, the 7/12 land extract and that your payments go to the project's designated RERA escrow account.

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