Celosia Avenue
MahaRERA Property Intelligence · Thane
P51700045775 · DAWALE · promoter Kanchan Builders Developers
| MahaRERA registration | P51700045775 |
| Registered on | 09 Jun 2022 |
| Promoter-declared completion | 25 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 months to the declared date |
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.
Across MahaRERA, Kanchan Builders Developers is the promoter of record on 18 projects, of which 2 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.
MahaRERA's cost filing puts construction at ~19.5% of the estimated project cost incurred as of the last certificate (₹1.33 Cr spent against a ₹6.84 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. With only ~5 months to the declared date and ~19.5% of the cost incurred, ask the promoter how the balance gets built in the time left.
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.
Of 22 homes filed with MahaRERA, 7 are sold/booked and 15 remain available (~32% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹2.12 Cr in agreement value so far. Of that, ₹1.51 Cr (~71%) is already collected, ₹60.94 Lakh receivable — a read on how far along these sales really are. Note: the project registers 76 homes in total, but this sold/unsold inventory filing covers only 22 of them — the other 54 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 7 registered agreements, the effective carpet rate is ₹8,001/sqft (typical range ₹6,799–₹9,601) — 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:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 1 | 101 | 312 sqft (29.03 sqm) | ₹18.23 Lakh |
| Floor 1 | 103 | 312 sqft (29.03 sqm) | ₹18.23 Lakh |
| Floor 1 | 109 | 377 sqft (35.04 sqm) | ₹22.01 Lakh |
| Floor 1 | Office No. 101 | 906 sqft (84.21 sqm) | ₹54.06 Lakh |
| Floor 1 | Office No. 102 | 504 sqft (46.84 sqm) | ₹30.07 Lakh |
| Floor 2 | 209 | 377 sqft (35.04 sqm) | ₹22.01 Lakh |
| Floor 3 | 309 | 377 sqft (35.04 sqm) | ₹22.01 Lakh |
| Floor 4 | 403 | 312 sqft (29.03 sqm) | ₹18.23 Lakh |
| Floor 4 | 409 | 377 sqft (35.04 sqm) | ₹22.01 Lakh |
| Floor 5 | 509 | 377 sqft (35.04 sqm) | ₹22.01 Lakh |
| Floor 6 | 607 | 393 sqft (36.5 sqm) | ₹22.92 Lakh |
| Floor 6 | 609 | 377 sqft (35.04 sqm) | ₹22.01 Lakh |
| Floor 7 | 704 | 312 sqft (29.03 sqm) | ₹18.23 Lakh |
| Floor 7 | 705 | 312 sqft (29.03 sqm) | ₹18.23 Lakh |
| Floor 7 | 709 | 377 sqft (35.04 sqm) | ₹22.01 Lakh |
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.
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+7 and 76 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| SAGAR MAGASWARGIYA CHS LTD | 1 | G+7 | 76 | - |
Unit mix on the filing: 59 residential and 17 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 |
|---|---|---|
| 25 Dec 2025 | 25 Dec 2026 | The Final CC application made on dt 18/01/2025 & Approval received form TMC on dt 01/08/2025. The delay is because of the Technical issue of TMC |
Located at DAWALE, SECTOR 11, Thane, Thane, 400612. Per the filed land record, the plot is bounded to the north by SURVEY NO 174, to the south by SURVEY NO 210, to the east by SURVEY NO 206 and to the west by SURVEY NO 176. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~16 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Powai / Hiranandani business park | 16 km |
| Andheri MIDC / SEEPZ | 19 km |
| Chhatrapati Shivaji Int'l Airport | 21 km |
| Bandra Kurla Complex (BKC) | 22 km |
| Lower Parel / Worli business district | 30 km |
| Nariman Point / Fort | 36 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.
🔒 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.
🔒 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.
Should you buy in SAGAR ENCLAVE?
This page is the free MahaRERA filing summary. The full RERA Property Intelligence Report gives you the full regulatory standing, declared court litigation, buyer-complaint and adjudication history, quarterly-progress-report discipline, the builder's MahaRERA-wide track record, the building/tower breakdown, and the sanctioned layout plan. See a real one first:
Sample: Lodha Kandivali – Tower 2 → · browse all sample reports →
Compliance Report · ₹999
The regulator’s filing record, read · 1 working day
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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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