MahaRERA Property Intelligence · Raigarh

ROYAL PALM

P52000033516 · ULWE NODE · promoter Marquis Builders

Certificate SignedDue 31 Dec 2026

Delivery & Registration

MahaRERA registrationP52000033516
Registered on22 Feb 2022
Promoter-declared completion31 Dec 2026
Current statusCertificate Signed
Against today5 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.

Construction Progress

MahaRERA's cost filing puts construction at ~66.7% of the estimated project cost incurred as of the last certificate (₹28.58 Cr spent against a ₹42.88 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 91 homes filed with MahaRERA, 83 are sold/booked (70 with registered agreements + 13 booked) and 8 remain available (~91% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹67.73 Cr in agreement value so far. Of that, ₹55.69 Cr (~82%) is already collected, ₹12.04 Cr 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 83 registered agreements, the effective carpet rate is ₹12,569/sqft (typical range ₹11,238–₹13,631) — 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 131301625 sqft (58.07 sqm)₹57.49 Lakh
Floor 131302609 sqft (56.57 sqm)₹56.01 Lakh
Floor 4406634 sqft (58.88 sqm)₹58.29 Lakh
Floor 6601625 sqft (58.07 sqm)₹57.49 Lakh
Floor 6604881 sqft (81.84 sqm)₹81.03 Lakh
Ground/Floor 0Shop No. 1659 sqft (61.18 sqm)₹72.56 Lakh
Ground/Floor 0Shop No. 14400 sqft (37.14 sqm)₹44.06 Lakh
Ground/Floor 0Shop No. 19400 sqft (37.14 sqm)₹44.06 Lakh

⚠ The inventory filing also declares: 49 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+14 and 58 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
ROYAL PALM1G+1458-

Unit mix on the filing: 118 residential and 22 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 ULWE NODE, PLOT NO-98, SECTOR-18, , Thane, Thane, 410206. Per the filed land record, the plot is bounded to the north by PLOT NO-97, to the south by 30 MTR WIDE ROAD, to the east by 15 MTR WIDE ROAD and to the west by PLOT NO-99. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~20 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Bandra Kurla Complex (BKC)20 km
Lower Parel / Worli business district21 km
Powai / Hiranandani business park21 km
Nariman Point / Fort21 km
Chhatrapati Shivaji Int'l Airport21 km
Andheri MIDC / SEEPZ24 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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Other RERA-registered projects in Panvel

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Delta Heights
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Micron Residency
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Shree Mahadev Residency
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Aishwarya Cooperative Housing Society
possession by Aug 2026 · Royal Enterprises

Major developers building in Panvel

Other RERA-registered projects in Raigarh

Royal Paradise
possession by Oct 2029 · Azpiria Builders & Developers LLP
Royal Park
declared completion Dec 2020 · Saiguru Enterprises
Royal Plaza
declared completion Dec 2018 · Royal Enterprise
Royal Plaza
declared completion Jun 2026 · Royal Group
Royal Pride
declared completion Mar 2018 · Royal Builders AND Developers
Royal Regalia
possession by Dec 2027 · M/s. Gruharaj Builders & Developers

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