MahaRERA Property Intelligence · Mumbai City

Saif towers

P51900012891 · Byculla · promoter Mustanshir Saifuddin Merchant

Certificate SignedDue 31 Dec 2025

Delivery & Registration

MahaRERA registrationP51900012891
Registered on07 Sep 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.

Construction Progress

MahaRERA's cost filing puts construction at ~93.0% of the estimated project cost incurred as of the last certificate (₹11.81 Cr spent against a ₹12.69 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 37 homes filed with MahaRERA, 27 are sold/booked and 10 remain available (~73% sold) — selling steadily. Buyers have committed ₹14.09 Cr in agreement value so far. Of that, ₹10.53 Cr (~75%) is already collected, ₹3.56 Cr receivable — a read on how far along these sales really are. Note: the project registers 72 homes in total, but this sold/unsold inventory filing covers only 37 of them — the other 35 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 27 registered agreements, the effective carpet rate is ₹16,496/sqft (typical range ₹5,655–₹19,420) — 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 191901350 sqft (32.53 sqm)₹64.92 Lakh
Floor 191902350 sqft (32.52 sqm)₹64.92 Lakh
Floor 202002350 sqft (32.52 sqm)₹64.92 Lakh
Floor 202003372 sqft (34.6 sqm)₹64.92 Lakh
Floor 202004351 sqft (32.64 sqm)₹64.92 Lakh
Floor 212101350 sqft (32.53 sqm)₹67.75 Lakh
Floor 212102594 sqft (55.23 sqm)₹67.75 Lakh
Floor 222201350 sqft (32.53 sqm)₹67.75 Lakh
Floor 222203372 sqft (34.6 sqm)₹67.75 Lakh
Floor 222204351 sqft (32.64 sqm)₹67.75 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.

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+25 and 72 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Saif Towers1G+2572-

Unit mix on the filing: 67 residential and 5 non-residential (shops/offices).

Complaints & Orders

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.FiledPartiesStatus
CC00600000004449921/06/2018Javed Hussain Siddiqui & Ambrin Javed Hussain Siddiqui vs M M Realtorsorder passed
CC00600000005541117/07/2018Zulfikar Yusufali Kazi vs M.M.Realtorsorder passed

Deadline Extensions

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
31 Dec 202431 Dec 2022We would be requiring an extension as construction is not yet completed and we are planning to complete it by next year and ensure possession with in the time frame.
31 Dec 202431 Dec 2024Due to certain permission issues project could not be completed on time and due to changes in policy and Incentive FSI we were in process of getting approvals upto 22 Habitable flo
31 Dec 201931 Dec 2025The construction project is nearing completion, with only a few finishing tasks remaining. Due to funding constraints, there was a delay in the completion of the project. However,

Location, Land & Connectivity

Located at Byculla, Rambhau Bhogale Marg, Andheri, Mumbai Suburban, 400010. Per the filed land record, the plot is bounded to the north by property of Falj Khan Daulat Khan, to the south by kaikhushru Dhorabji Irani, to the east by property of bai mohabai and to the west by By Ghorapdeo Road. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~4 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Lower Parel / Worli business district4 km
Nariman Point / Fort5 km
Bandra Kurla Complex (BKC)11 km
Chhatrapati Shivaji Int'l Airport13 km
Powai / Hiranandani business park18 km
Andheri MIDC / SEEPZ18 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