ROYAL PALM

Delivery & Registration

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.

• Filing progress reports — 12 quarterly progress reports on record since registration, with no current default.

Builder Track Record

Across MahaRERA, Buildcon Enterprises 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 ~41.0% of the estimated project cost incurred as of the last certificate (₹5.18 Cr spent against a ₹12.64 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 80 homes filed with MahaRERA, 40 are sold/booked (31 with registered agreements + 9 booked) and 40 remain available (~50% sold) — selling steadily. Buyers have committed ₹7.50 Cr in agreement value so far. Of that, ₹4.15 Cr (~55%) is already collected, ₹3.35 Cr receivable — a read on how far along these sales really are. Note: the project registers 128 homes in total, but this sold/unsold inventory filing covers only 80 of them — the other 48 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 40 registered agreements, the effective carpet rate is ₹5,241/sqft (typical range ₹4,695–₹6,226) — 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:

⚠ The inventory filing also declares: 48 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+8 and 128 homes are registered across the project.

Unit mix on the filing: 112 residential and 16 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 Washind, Washind, Shahapur, Thane, 421601. Per the filed land record, the plot is bounded to the north by Survey No2 Hissa 3, to the south by Survey No 62, to the east by Survey No 61 and to the west by Survey No 2 Hissa No 2. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~50 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

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.

Builder track record

Buildcon Enterprises is the promoter on 2 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

Other flagged projects by Buildcon Enterprises

Other RERA-registered projects in Shahapur

Major developers building in Shahapur

Other RERA-registered projects in Thane

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.