MahaRERA Property Intelligence · Thane

SAI PRASAD PLAZA

P51700008112 · promoter Sainath Gurunath Shete

Certificate SignedDue 30 Jun 2023

Delivery & Registration

MahaRERA registrationP51700008112
Registered on18 Aug 2017
Promoter-declared completion30 Jun 2023
Current statusCertificate Signed
Against todayabout 37 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, Sainath Gurunath Shete is the promoter of record on 4 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.

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+7.

BuildingWingsFloorsDeclared completion
C WING1G+7-
D WING1G+7-
E WING1G+2-

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Legal & Litigation

The promoter has declared 1 court case on this project to MahaRERA. 1 is still pending. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.

CourtCase no.YearStatus
Civil Judge Senior Division KalyanSPECIAL CIVIL SUIT NO 3612010Pending At The Stage Of Issue Only

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 2 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
30 Jun 202330 Jun 2023Due to Covid and other reasons we are not able to complete the project in time.
30 Jun 202330 Dec 20201 1) As you know sir there is heavy downfall in the Real Estate Sector as well as economy as whole, that impacted the real estate sector, because of which we could not make out the

Location, Land & Connectivity

Located at Ambarnath, Thane, 421503. Per the filed land record, the plot is bounded to the north by SURVEY NO 47, to the south by 18 WIDE DP ROAD, to the east by SURVEY NO 84 HISS NO 10 and to the west by SURVEY NO 48 HISSA NO 8. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~35 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 park35 km
Andheri MIDC / SEEPZ39 km
Chhatrapati Shivaji Int'l Airport40 km
Bandra Kurla Complex (BKC)40 km
Lower Parel / Worli business district47 km
Nariman Point / Fort51 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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Satyam Sheela Wing F
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Shreeji Greens
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Major developers building in Badlapur

Other RERA-registered projects in Thane

SAI Proviso - Aashlesha
declared completion Dec 2019 · SAI Proviso Developers
SAI Purab
declared completion Sep 2023 · Western Arch Developers
SAI RAJ Apartment
declared completion Dec 2020 · Anil Pandurangrao Bhusare HUF
SAI RAJ Heights
declared completion Dec 2017 · Shri SAI Developers
SAI RAJ Residency
declared completion Dec 2018 · Shriram Developers
SAI RAM Heights
possession by Dec 2026 · SAI RAM Builders AND Developers

What to do next (past deadline)

  1. Ask the developer for the RERA extension filing — they must file for an extension before the deadline passes.
  2. Check the MahaRERA portal for a revised completion date or extension order.
  3. Review your allotment letter's possession clause for interest or compensation terms on delayed handover.
  4. File a complaint with MahaRERA if no extension has been filed and the delay is impacting possession.

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