MahaRERA Property Intelligence · Thane

Ratna Darshan Height

PM1330002500202 · Navagaon, Dombivli (W) · promoter Shri Panchsheel Developers

Certificate SignedDue 31 Mar 2028

Delivery & Registration

MahaRERA registrationPM1330002500202
Registered on04 Jul 2025
Promoter-declared completion31 Mar 2028
Current statusCertificate Signed
Against today20 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, Shri Panchsheel Developers is the promoter of record on 2 projects, of which none currently 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 ~79.7% of the estimated project cost incurred as of the last certificate (₹3.91 Cr spent against a ₹4.90 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 20 homes filed with MahaRERA, 13 are sold/booked (5 with registered agreements + 8 booked) and 7 remain available (~65% sold) — selling steadily. Buyers have committed ₹4.66 Cr in agreement value so far. Of that, ₹2.20 Cr (~47%) is already collected, ₹2.45 Cr receivable — a read on how far along these sales really are. Note: the project registers 41 homes in total, but this sold/unsold inventory filing covers only 20 of them — the other 21 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 13 registered agreements, the effective carpet rate is ₹6,063/sqft (typical range ₹5,994–₹10,010) — 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 1Office No-01123 sqft (11.42 sqm)₹14.85 Lakh
Floor 2205540 sqft (50.14 sqm)₹30.70 Lakh
Floor 3301673 sqft (62.5 sqm)₹37.85 Lakh
Floor 5501673 sqft (62.5 sqm)₹37.85 Lakh
Floor 5505509 sqft (47.27 sqm)₹30.64 Lakh
Floor 6605509 sqft (47.27 sqm)₹30.64 Lakh
Floor 7702673 sqft (62.5 sqm)₹37.85 Lakh

⚠ The inventory filing also declares: 1 owner/investor-held and 10 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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 41 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Ratna Darshan Height1G+741-

Unit mix on the filing: 30 residential and 11 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 Navagaon, Dombivli (W), Jai Hind Colony , Kalyan, Thane, 421202. Per the filed land record, the plot is bounded to the north by 40 Wide Road, to the south by Avadhoot Co Operative Housing Society Ltd, to the east by Navbandhan Co Operative Housing Society Ltd and to the west by Annapurna Puja Co Operative Housing Society Ltd . Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~22 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Powai / Hiranandani business park22 km
Andheri MIDC / SEEPZ25 km
Chhatrapati Shivaji Int'l Airport27 km
Bandra Kurla Complex (BKC)28 km
Lower Parel / Worli business district36 km
Nariman Point / Fort43 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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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