MahaRERA Property Intelligence · Mumbai Suburban

Redevelopment of Neelkanth Park

P51800056326 · Rajawadi, Ghatkopar East · promoter Pgd Skyline Llp

Certificate SignedDue 31 Dec 2028

Delivery & Registration

MahaRERA registrationP51800056326
Registered on29 May 2024
Promoter-declared completion31 Dec 2028
Current statusCertificate Signed
Against today29 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, Pgd Skyline Llp is the promoter of record on 109 projects, of which 8 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 ~48.6% of the estimated project cost incurred as of the last certificate (₹10.25 Cr spent against a ₹21.09 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 22 homes filed with MahaRERA, 11 are sold/booked and 11 remain available (~50% sold) — selling steadily. Buyers have committed ₹36.17 Cr in agreement value so far. Of that, ₹25.14 Cr (~69%) is already collected, ₹11.03 Cr receivable — a read on how far along these sales really are. Note: the project registers 48 homes in total, but this sold/unsold inventory filing covers only 22 of them — the other 26 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 11 registered agreements, the effective carpet rate is ₹29,500/sqft (typical range ₹26,500–₹33,000) — 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 1010011,448 sqft (134.5 sqm)₹2.26 Cr
Floor 1010011,448 sqft (134.5 sqm)₹2.26 Cr
Floor 111101731 sqft (67.92 sqm)₹1.20 Cr
Floor 111101731 sqft (67.92 sqm)₹1.20 Cr
Floor 111102843 sqft (78.34 sqm)₹1.53 Cr
Floor 111102843 sqft (78.34 sqm)₹1.53 Cr
Floor 55011,448 sqft (134.5 sqm)₹2.27 Cr
Floor 55011,448 sqft (134.5 sqm)₹2.27 Cr
Floor 66011,448 sqft (134.5 sqm)₹2.27 Cr
Floor 66011,448 sqft (134.5 sqm)₹2.27 Cr
Floor 8802677 sqft (62.93 sqm)₹1.06 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.

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+11 and 48 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Redevelopment of Neelkanth Park1G+1148-

Unit mix on the filing: 48 residential.

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Legal & Litigation

The promoter has declared 1 court case on this project to MahaRERA. 1 is still pending. 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.

CourtCase no.YearStatus
High Court Mumbai1912022Pending

Location, Land & Connectivity

Located at Rajawadi, Ghatkopar East, Ghatkopar-Kirol, Rajawadi , Kurla, Mumbai Suburban, 400077. Per the filed land record, the plot is bounded to the north by CTS No 4756B, to the south by Rajawadi Road No 2, to the east by CTS No 4755 and to the west by Rajawadi Road No 5. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

🔒 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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Other RERA-registered projects in Ghatkopar East

Baldevsingh Thakur SRA Coop HSG SOC LTD
possession by Jul 2026 · Krishna Narsingrao Pimple
Palatina
possession by Jul 2026 · Tanishq Builders
Vihar Heights
possession by Aug 2026 · Saptrishi Homes LLP
Poonam Celeste
possession by Aug 2026 · PL7 Realty Pvt. Ltd.
Hema Apartments CO-Operative Housing Society Limited
possession by Sep 2026 · Hema Appartments CO-Operative Housing So
Centrona ZEN-A
possession by Dec 2026 · Elevated Avenue Realty LLP

Major developers building in Ghatkopar East

Other RERA-registered projects in Mumbai Suburban

Redevelopment OF NEW Apsara CHS LTD
declared completion Sep 2018 · Apsaradevelopers
Redevelopment Of New Kamal Kunj CHS Ltd
declared completion Dec 2022 · M/S Meeti Developers PVT LTD
Redevelopment Of New Monalisa Chsl
declared completion Jun 2022 · Shree Mahavir Estates
Redevelopment OF NEW Shalimar Apartments Chsl
declared completion Sep 2025 · Pranav Constructions Limited
Redevelopment Of Nirav Chsl
declared completion Dec 2024 · Navin Karamshi Shah
Redevelopment OF Niwara CO-OP HSG Society LTD
declared completion Jun 2024 · THE Niwara CO-Operative Housing Society

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