Shree SAI Shakti Developers
MahaRERA Property Intelligence · Thane
P51700009309 · promoter Shree Sai Shakti
| MahaRERA registration | P51700009309 |
| Registered on | 22 Aug 2017 |
| 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, Shree Sai Shakti is the promoter of record on 129 projects, of which 19 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 ~100.0% of the estimated project cost incurred as of the last certificate (₹28.50 Cr spent against a ₹28.50 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.
Of 135 homes filed with MahaRERA, 97 are sold/booked and 38 remain available (~72% sold) — selling steadily. Buyers have committed ₹53.87 Cr in agreement value so far. Of that, ₹46.32 Cr (~86%) is already collected, ₹7.56 Cr receivable — a read on how far along these sales really are. Note: the project registers 162 homes in total, but this sold/unsold inventory filing covers only 135 of them — the other 27 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 97 registered agreements, the effective carpet rate is ₹11,263/sqft (typical range ₹9,655–₹14,357) — 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 | HALL | 2,527 sqft (234.72 sqm) | ₹2.83 Cr |
| Floor 1 | Shop-12 | 321 sqft (29.8 sqm) | ₹35.93 Lakh |
| Floor 1 | Shop-13 | 321 sqft (29.8 sqm) | ₹35.93 Lakh |
| Floor 1 | Shop-14 | 452 sqft (42 sqm) | ₹50.64 Lakh |
| Floor 1 | Shop-15 | 615 sqft (57.15 sqm) | ₹68.90 Lakh |
| Floor 2 | HALL | 2,527 sqft (234.72 sqm) | ₹2.83 Cr |
| Floor 2 | Shop-12 | 321 sqft (29.8 sqm) | ₹35.93 Lakh |
| Floor 2 | Shop-13 | 321 sqft (29.8 sqm) | ₹35.93 Lakh |
| Floor 2 | Shop-14 | 452 sqft (42 sqm) | ₹50.64 Lakh |
| Floor 2 | Shop-15 | 615 sqft (57.15 sqm) | ₹68.90 Lakh |
| Floor 3 | 301 | 455 sqft (42.26 sqm) | ₹44.30 Lakh |
| Floor 3 | 302 | 697 sqft (64.72 sqm) | ₹67.85 Lakh |
| Floor 4 | 401 | 455 sqft (42.26 sqm) | ₹44.30 Lakh |
| Floor 4 | Shop-1 | 283 sqft (26.28 sqm) | ₹31.68 Lakh |
| Floor 4 | Shop-2 | 262 sqft (24.33 sqm) | ₹29.33 Lakh |
| Floor 4 | Shop-3 | 265 sqft (24.59 sqm) | ₹29.65 Lakh |
| Floor 4 | Shop-4 | 261 sqft (24.24 sqm) | ₹29.22 Lakh |
| Floor 4 | Shop-5 | 302 sqft (28.06 sqm) | ₹33.83 Lakh |
| Floor 5 | Shop-4 | 261 sqft (24.24 sqm) | ₹29.22 Lakh |
| Floor 5 | Shop-5 | 302 sqft (28.06 sqm) | ₹33.83 Lakh |
| Floor 6 | Shop-1 | 283 sqft (26.28 sqm) | ₹31.68 Lakh |
| Floor 6 | Shop-7 | 318 sqft (29.57 sqm) | ₹35.65 Lakh |
| Floor 7 | Shop-1 | 283 sqft (26.28 sqm) | ₹31.68 Lakh |
| Floor 7 | Shop-2 | 262 sqft (24.33 sqm) | ₹29.33 Lakh |
| Floor 7 | Shop-3 | 265 sqft (24.59 sqm) | ₹29.65 Lakh |
| Floor 7 | Shop-4 | 261 sqft (24.24 sqm) | ₹29.22 Lakh |
| Floor 7 | Shop-5 | 302 sqft (28.06 sqm) | ₹33.83 Lakh |
| Floor 7 | Shop-6 | 318 sqft (29.57 sqm) | ₹35.65 Lakh |
| Floor 7 | Shop-7 | 318 sqft (29.57 sqm) | ₹35.65 Lakh |
| Floor 8 | Shop-1 | 283 sqft (26.28 sqm) | ₹31.68 Lakh |
| Floor 8 | Shop-2 | 262 sqft (24.33 sqm) | ₹29.33 Lakh |
| Floor 8 | Shop-3 | 265 sqft (24.59 sqm) | ₹29.65 Lakh |
| Floor 8 | Shop-4 | 261 sqft (24.24 sqm) | ₹29.22 Lakh |
| Floor 8 | Shop-5 | 302 sqft (28.06 sqm) | ₹33.83 Lakh |
| Floor 8 | Shop-6 | 318 sqft (29.57 sqm) | ₹35.65 Lakh |
| Floor 8 | Shop-7 | 318 sqft (29.57 sqm) | ₹35.65 Lakh |
| Ground/Floor 0 | HALL | 2,527 sqft (234.72 sqm) | ₹3.08 Cr |
| Ground/Floor 0 | Shop-12 | 321 sqft (29.8 sqm) | ₹35.93 Lakh |
⚠ The inventory filing also declares: 27 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+23 and 162 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Sai Plaza | 1 | G+23 | 162 | - |
Unit mix on the filing: 66 residential and 96 non-residential (shops/offices).
2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000429486 | 01/03/2024 | Abhinavkumar Shobhnath Gupta vs 1. ShriChandrakant D. Mhatre | order passed |
| CC006000000429495 | 01/03/2024 | Mr Shobhnath Narsingh Gupta vs Shri Chandrakant D. Mhatre | order passed |
The promoter has had the MahaRERA completion deadline formally extended 3 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 |
|---|---|---|
| 29 Dec 2024 | 29 Dec 2024 | Project approval from authority(A wing 3rd to 9th Floor) received on 29th Oct 2021 hence we request you to provide extension till above mentioned date |
| 30 Dec 2023 | 30 Jun 2025 | due to election the approvals related to project are dealyed |
| 30 Dec 2023 | 31 Mar 2026 | Delay in OC by Authorities |
Located at new golden nest road, Thane, Thane, 401105. Per the filed land record, the plot is bounded to the north by 342, to the south by 122, to the east by DP Road and to the west by 344. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~17 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 17 km |
| Powai / Hiranandani business park | 19 km |
| Chhatrapati Shivaji Int'l Airport | 22 km |
| Bandra Kurla Complex (BKC) | 24 km |
| Lower Parel / Worli business district | 32 km |
| Nariman Point / Fort | 40 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 SAI Plaza?
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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Shree SAI Shakti Developers 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).
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