Modi's Navnirman Limited
MahaRERA Property Intelligence · Mumbai Suburban
P51800054722 · BORIVALI (WEST) · promoter Modi'S Navnirman Limited
| MahaRERA registration | P51800054722 |
| Registered on | 06 Feb 2024 |
| Promoter-declared completion | 28 May 2027 |
| Current status | Certificate Signed |
| Against today | 10 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.
Across MahaRERA, Modi'S Navnirman Limited is the promoter of record on 24 projects, of which 4 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.
MahaRERA's cost filing puts construction at ~71.0% of the estimated project cost incurred as of the last certificate (₹287.09 Cr spent against a ₹404.32 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 15 homes filed with MahaRERA, 7 are sold/booked and 8 remain available (~47% sold) — selling steadily. Buyers have committed ₹17.29 Cr in agreement value so far. Of that, ₹14.20 Cr (~82%) is already collected, ₹3.69 Cr receivable — a read on how far along these sales really are. Note: the project registers 67 homes in total, but this sold/unsold inventory filing covers only 15 of them — the other 52 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 7 registered agreements, the effective carpet rate is ₹25,004/sqft (typical range ₹23,502–₹36,292) — 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 1 | 101 | 699 sqft (64.93 sqm) | ₹1.24 Cr |
| Floor 1 | 102 | 649 sqft (60.3 sqm) | ₹1.15 Cr |
| Floor 1 | 104 | 774 sqft (71.9 sqm) | ₹1.37 Cr |
| Floor 2 | 203 | 648 sqft (60.21 sqm) | ₹1.15 Cr |
| Floor 4 | 404 | 774 sqft (71.9 sqm) | ₹1.37 Cr |
| Floor 5 | 503 | 648 sqft (60.21 sqm) | ₹1.15 Cr |
| Floor 6 | 603 | 648 sqft (60.21 sqm) | ₹1.15 Cr |
| Floor 7 | 703 | 648 sqft (60.21 sqm) | ₹1.15 Cr |
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+10 and 67 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| A WING | 1 | G+10 | 40 | - |
| B WING | 1 | G+10 | 27 | - |
Unit mix on the filing: 54 residential and 13 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 |
|---|---|---|
| 28 May 2026 | 28 May 2027 | We, MODIS NAVNIRMAN LTD, are the promoters of the real estate project known as "RASHMI SQUARE" bearing Maha RERA Registration No. P51800054722. The delay in the completion of the |
Located at BORIVALI (WEST), JAYRAJ NAGAR, OFF NEW LINK ROAD, Borivali, Mumbai Suburban, 400091. Per the filed land record, the plot is bounded to the north by Sodawala Lane Extn, to the south by Yoganand Society, to the east by Jay Kamakshi Society and to the west by CTS No 262. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~12 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 12 km |
| Powai / Hiranandani business park | 14 km |
| Chhatrapati Shivaji Int'l Airport | 16 km |
| Bandra Kurla Complex (BKC) | 19 km |
| Lower Parel / Worli business district | 26 km |
| Nariman Point / Fort | 34 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 RASHMI SQUARE?
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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Modi's Navnirman Limited is the promoter on 8 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).
See every Modi's Navnirman 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