Avenues
MahaRERA Property Intelligence · Raigarh
P52000052427 · NEAR PRASAD HOTEL · promoter Core Developers
| MahaRERA registration | P52000052427 |
| Registered on | 25 Aug 2023 |
| Promoter-declared completion | 31 Mar 2026 |
| Current status | Certificate Signed |
| Against today | about 4 months past 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, Core Developers is the promoter of record on 10 projects, of which 1 carries 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.
Of 15 homes filed with MahaRERA, 7 are sold/booked and 8 remain available (~47% sold) — selling steadily. Buyers have committed ₹1.08 Cr in agreement value so far. Of that, ₹96.88 Lakh (~89%) is already collected, ₹11.62 Lakh receivable — a read on how far along these sales really are. Note: the project registers 24 homes in total, but this sold/unsold inventory filing covers only 15 of them — the other 9 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 ₹3,763/sqft (typical range ₹3,637–₹4,265) — 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 | 104 | 587 sqft (54.54 sqm) | ₹15.22 Lakh |
| Floor 2 | 204 | 587 sqft (54.54 sqm) | ₹15.22 Lakh |
| Floor 3 | 303 | 593 sqft (55.05 sqm) | ₹15.36 Lakh |
| Floor 4 | 404 | 587 sqft (54.542 sqm) | ₹15.22 Lakh |
| Floor 5 | 502 | 399 sqft (37.0347 sqm) | ₹10.33 Lakh |
| Floor 5 | 503 | 593 sqft (55.05 sqm) | ₹15.36 Lakh |
| Ground/Floor 0 | SHOP-1 | 374 sqft (34.75 sqm) | ₹14.25 Lakh |
| Ground/Floor 0 | SHOP-2 | 284 sqft (26.43 sqm) | ₹10.83 Lakh |
⚠ The inventory filing also declares: 9 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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 and 24 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| SAGAR VIHAR | 1 | G+4 | 24 | - |
Unit mix on the filing: 20 residential and 4 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 |
|---|---|---|
| 31 Mar 2025 | 31 Mar 2026 | The construction of above mentioned building is under progress and the work completed is upto Internal and external plastering, all RCC slabs including staircase cabin, water tank |
Located at NEAR PRASAD HOTEL, KASBA PETH, Shrivardhan, Raigarh, 402110. Per the filed land record, the plot is bounded to the north by GAVTHAN NO 1-158, to the south by NALA, to the east by GAVTHAN NO 1 PAST TO THE EAST and to the west by EXITING LANE - ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~107 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Nariman Point / Fort | 100 km |
| Lower Parel / Worli business district | 107 km |
| Bandra Kurla Complex (BKC) | 114 km |
| Chhatrapati Shivaji Int'l Airport | 117 km |
| Powai / Hiranandani business park | 119 km |
| Andheri MIDC / SEEPZ | 121 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 VIHAR?
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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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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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