MahaRERA Property Intelligence · Thane

Royce Paradise Phase II

P51700006800 · Gandhare · promoter Royce Developers

Certificate SignedDue 31 Dec 2025

Delivery & Registration

MahaRERA registrationP51700006800
Registered on16 Aug 2017
Promoter-declared completion31 Dec 2025
Current statusCertificate Signed
Against todayabout 7 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, Royce 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 ~91.1% of the estimated project cost incurred as of the last certificate (₹67.67 Cr spent against a ₹74.30 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 205 homes filed with MahaRERA, 194 are sold/booked (190 with registered agreements + 4 booked) and 11 remain available (~95% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹70.86 Cr in agreement value so far. Of that, ₹68.82 Cr (~97%) is already collected, ₹2.04 Cr receivable — a read on how far along these sales really are. Note: the project registers 250 homes in total, but this sold/unsold inventory filing covers only 205 of them — the other 45 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 194 registered agreements, the effective carpet rate is ₹8,868/sqft (typical range ₹7,513–₹9,923) — 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-5120 sqft (11.14 sqm)₹9.70 Lakh
Floor 1Office-6158 sqft (14.67 sqm)₹12.78 Lakh
Floor 111101495 sqft (46 sqm)₹34.87 Lakh
Floor 111103356 sqft (33.08 sqm)₹25.07 Lakh
Floor 121201495 sqft (46 sqm)₹34.87 Lakh
Floor 121205346 sqft (32.15 sqm)₹24.37 Lakh
Floor 141402346 sqft (32.15 sqm)₹24.37 Lakh
Floor 151502346 sqft (32.15 sqm)₹24.37 Lakh
Ground/Floor 0Office-11309 sqft (28.7 sqm)₹25.00 Lakh
Ground/Floor 0Office-13218 sqft (20.25 sqm)₹17.64 Lakh
Ground/Floor 0Office-14242 sqft (22.48 sqm)₹19.58 Lakh

⚠ The inventory filing also declares: 45 owner/investor-held. 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+21 and 250 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Building No 61G+1811530 Jun 2022
Bulding No 71G+2113530 Jun 2022
Building No 81G+1-30 Jun 2022

Unit mix on the filing: 234 residential and 16 non-residential (shops/offices).

Complaints & Orders

6 complaints are on the MahaRERA record for this project, with orders passed in 6. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00600000019751207/07/2021Mr. Rohit Naresh Kour vs Royce Developersorder passed
CC00600000025191215/07/2022Krishna Savlaram Joshi vs Royce Developersorder passed
CC00600000053071911/08/2024Ravindra Rajendra Sakpal vs Sanjay Kankoshe & Geeta Patelorder passed
CC00600000059134305/08/2024Trupti Sunil Shimpi vs Geeta Rakesh Kumar Patel and Mr Sanjay Shantaram Kankhoseorder passed
CC00600000059145107/08/2024Hitendra Ramdas Gavhale vs Sanjay Kankosheorder passed
CC00600000059152912/08/2024Amar Sopan Tonpe vs Sanjay Kankoshe & Geeta Patelorder passed

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 6 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
31 Dec 202531 Dec 2020Respected Sir / Madam, I, Sanjay Shantaram Kankoshe partner of M/s. Royce Developers, having office at 606, Ashar Millennia, Ghodbunder Road, Kapurbawdi Junction, Thane West - 4
31 Dec 202530 Jun 2023We hereby apply for extension u/s 7(3) of the registered project bearing vide no. P51700006800 do hereby declare that the date of completion of above mentioned project was 31st Dec
31 Dec 202531 Dec 2022We Request MahaRERA to grant an extension for our project till 31st December 2022. The project is going on and is expected to be completed by December 2022.
31 Dec 202531 Dec 2021THE PROJECT WORK COULD NOT BE COMPLETED ON ACCOUNT OF PANDEMIC COVID AND LOCKDOWN AND ALLIED REASONS.
31 Dec 202530 Jun 2024Dear Sir, We are applying for extension u/s 7(3) for our project, our project has been delayed due to the various factor like Covid 19 , shortage of material during covid, lack
31 Dec 202531 Dec 2025Due to COVID-19, the project is delayed due to interruption in regular flow of work and non-availability of labour on regular basis.

Location, Land & Connectivity

Located at Gandhare, Gandhare, Kalyan, Thane, 421301. Per the filed land record, the plot is bounded to the north by Mahaveer Developers, to the south by Road, to the east by Kalyan Padgha Road and to the west by Rutu Builders. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~29 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 park29 km
Andheri MIDC / SEEPZ32 km
Chhatrapati Shivaji Int'l Airport35 km
Bandra Kurla Complex (BKC)36 km
Lower Parel / Worli business district44 km
Nariman Point / Fort50 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