Neptune Developers Limited
MahaRERA Property Intelligence · Thane
P51700016878 · Ambivali West · promoter Neptune Developers Limited
| MahaRERA registration | P51700016878 |
| Registered on | 20 Jun 2018 |
| Promoter-declared completion | 30 Dec 2023 |
| Current status | Certificate Signed |
| Against today | about 31 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.
Across MahaRERA, Neptune Developers Limited is the promoter of record on 53 projects, of which 52 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.
Of 295 homes filed with MahaRERA, 132 are sold/booked (130 with registered agreements + 2 booked) and 163 remain available (~45% sold) — selling steadily. Buyers have committed ₹33.26 Cr in agreement value so far. Of that, ₹11.45 Cr (~34%) is already collected, ₹21.81 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 132 registered agreements, the effective carpet rate is ₹7,378/sqft (typical range ₹7,039–₹7,709) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
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.
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+26 and 295 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Udaan B | 1 | G+26 | 295 | 31 Dec 2022 |
Unit mix on the filing: 295 residential.
3 complaints are on the MahaRERA record for this project, with orders passed in 3. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000197105 | 12/02/2022 | Mahesh Tiwari vs Neptune Developers Limited | order passed |
| CC12400465 | 19/10/2024 | Vikram Ghanshamdas Malkani vs Neptune Developers Limited | order passed |
| CC12400467 | 19/10/2024 | Vikram Ghanshamdas Malkani vs Neptune Developers Limited | order passed |
Located at Ambivali West, Swarajya Road, Mumbai, Mumbai Suburban, 421102. Per the filed land record, the plot is bounded to the north by 88, to the south by 74, to the east by 72 and to the west by 70. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~3 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 3 km |
| Chhatrapati Shivaji Int'l Airport | 5 km |
| Powai / Hiranandani business park | 7 km |
| Bandra Kurla Complex (BKC) | 8 km |
| Lower Parel / Worli business district | 15 km |
| Nariman Point / Fort | 23 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 Ramrajya - Neptune Udaan B?
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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Neptune Developers Limited is the promoter on 14 MahaRERA-registered projects, of which 14 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:
See every Neptune Developers Limited project & its RERA track record →
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