Rashmi Realty Builders Pvt Ltd
MahaRERA Property Intelligence · Palghar
P99000005391 · Naigaon East · promoter Rashmi Realty Builders
| MahaRERA registration | P99000005391 |
| Registered on | 11 Aug 2017 |
| Promoter-declared completion | 30 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 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, Rashmi Realty Builders is the promoter of record on 21 projects, of which 11 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 ~48.9% of the estimated project cost incurred as of the last certificate (₹156.74 Cr spent against a ₹320.83 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 ~5 months to the declared date and ~48.9% 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 1228 homes filed with MahaRERA, 80 are sold/booked (61 with registered agreements + 19 booked) and 1148 remain available (~7% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹9.34 Cr in agreement value so far. Of that, ₹9.53 Cr (~102%) is already collected, ₹66.61 Lakh 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 80 registered agreements, the effective carpet rate is ₹3,176/sqft (typical range ₹3,009–₹5,382) — 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+46 and 1228 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| TYPE B9 | 1 | G+7 | 16 | 30 Dec 2026 |
| TYPE D1 | 1 | G+46 | 72 | 30 Dec 2026 |
| TYPE D2 | 1 | G+21 | 107 | 30 Dec 2026 |
| TYPE C12 | 1 | G+13 | 28 | 30 Dec 2026 |
| TYPE B12 | 1 | G+17 | 146 | 30 Dec 2026 |
| TYPE B13 | 1 | G+17 | 154 | 30 Dec 2026 |
| TYPE B11 | 1 | G+17 | 146 | 30 Dec 2026 |
| TYPE B10 | 1 | G+17 | 153 | 30 Dec 2026 |
| TYPE C13 | 1 | G+11 | 28 | 30 Dec 2026 |
| TYPE F1 | 1 | G+20 | 223 | 30 Dec 2026 |
| TYPE F2 | 1 | G+20 | 155 | 30 Dec 2026 |
| TYPE K1 | 1 | G+22 | - | 30 Dec 2026 |
| TYPE K2 | 1 | G+22 | - | 30 Dec 2026 |
| TYPE M1 | 1 | G+22 | - | 30 Dec 2026 |
| TYPE M2 | 1 | G+22 | - | 30 Dec 2026 |
Unit mix on the filing: 1135 residential and 93 non-residential (shops/offices).
7 complaints are on the MahaRERA record for this project, with orders passed in 7. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000000248 | 10/10/2017 | Melwin Lobo vs Yogesh Pranjivan Bosmiya | order passed |
| CC006000000000528 | 15/09/2017 | Geeta Tinani vs Rashmi Realty Builders Pvt Ltd | order passed |
| CC006000000194364 | 20/10/2020 | MANISHKUMAR RAMRASAD TRIPATHI vs rashmi realty builders pvt ltd | order passed |
| CC006000000251531 | 20/06/2022 | Reshmi Reality Builders Private limited vs Mahendra Yashwant Bhadekar & Ors | order passed |
| CC006000000375208 | 10/04/2023 | Mohammed Reza Sadequian vs Rashmi Realty Pvt. Ltd. | order passed |
| CC006000000398014 | 31/12/2023 | Sandesh Popat Kate vs M/s. Rashmi Realty Builders Pvt. Ltd | order passed |
| CC12400899 | 26/11/2024 | Percy Shroff vs Rashmi Realty Builders Pvt Ltd | order passed |
The promoter has declared 3 court cases on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| High Court Mumbai | 87/2013 | 2013 | Order Passed |
| Vasai Court | 505/14 | 2014 | Order Passed |
| Enviornment Department | 424/TC-1 | 2011 | Order Passed |
Located at Naigaon East, Naigaon East, Thane, Thane, 401208. Per the filed land record, the plot is bounded to the north by 20 M DP Rd, to the south by 20 M DP Rd, to the east by Mahalaxmi Developers and to the west by 30 M DP Rd. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~26 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 26 km |
| Powai / Hiranandani business park | 27 km |
| Chhatrapati Shivaji Int'l Airport | 30 km |
| Bandra Kurla Complex (BKC) | 33 km |
| Lower Parel / Worli business district | 40 km |
| Nariman Point / Fort | 48 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 Star City Phase 2?
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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Rashmi Realty Builders Pvt Ltd 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