MahaRERA Property Intelligence · Thane

ROYAL NEST

P51700003909 · promoter Dhanashree Developers

Certificate SignedDue 30 Jun 2023

Delivery & Registration

MahaRERA registrationP51700003909
Registered on06 Aug 2017
Promoter-declared completion30 Jun 2023
Current statusCertificate Signed
Against todayabout 37 months past 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, Dhanashree Developers is the promoter of record on 8 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.

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+4.

BuildingWingsFloorsDeclared completion
A WING1G+430 Dec 2021
B WING1G+430 Dec 2021

Complaints

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

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 2 times. 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
30 Jun 202330 Dec 2021The progress of the project is quite satisfactory . It was because of slow down in the economy and more particularly COVID 19 effect even today all the activities in many sector ar
30 Jun 202330 Jun 2023DUE TO COVID 19 EFFECT THERE IS SLOW DOWN IN CONSTRUCTION WORK ,SHORTAGE OF LABOUR,LACK OF FINANCE KINDLY CONSIDER THE ABOVE MATTER AND GRANT US EXTENSION OF 1 YEAR

Location, Land & Connectivity

Located at Ambarnath, Thane, 421506. Per the filed land record, the plot is bounded to the north by HOUSE NO 3 AND 4 GAONTHAN, to the south by S NO 4, to the east by S NO 16 H NO 5 and to the west by H NO 3 H NO 18. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~31 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 park31 km
Andheri MIDC / SEEPZ34 km
Chhatrapati Shivaji Int'l Airport36 km
Bandra Kurla Complex (BKC)36 km
Lower Parel / Worli business district43 km
Nariman Point / Fort48 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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Builder track record

Dhanashree Developers 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:

Other flagged projects by Dhanashree Developers

Dhanashree Developers
Not filing quarterly progress reportsThane
Dhanashree Developers
FlaggedThane

Other RERA-registered projects in Ambarnath

Empire Industrial Centrum Phase 6
Deregistered by MahaRERA · possession by Oct 2026 · Empire Industries LTD
Empire Industrial Centrum Phase 5
possession by Jun 2027 · Empire Industries LTD
MID-Town
possession by Jun 2028 · Siddhivinayak Group NX
Precious Infinity
possession by Dec 2028 · RKR Construction
Tharwanis Meghna Montana Phase - 3
possession by Dec 2028 · Tharwani Constructions PVT LTD
Sai Prasad Apartment
possession by Apr 2029 · Not Available

Other RERA-registered projects in Thane

Royal Orchid
declared completion Dec 2023 · S S Enterprises
Royal Palm
declared completion Jun 2025 · Buildcon Enterprises
Royal Palm
possession by Dec 2027 · Buildcon Enterprises
Royal Palm Phase - 1
possession by Jun 2027 · Siddhi Developers
Royal Paradise
declared completion Nov 2020 · Bhavani Associates
Royal Park
declared completion Jan 2022 · Royal Realty

What to do next (past deadline)

  1. Ask the developer for the RERA extension filing — they must file for an extension before the deadline passes.
  2. Check the MahaRERA portal for a revised completion date or extension order.
  3. Review your allotment letter's possession clause for interest or compensation terms on delayed handover.
  4. File a complaint with MahaRERA if no extension has been filed and the delay is impacting possession.

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