MahaRERA Property Intelligence · Mumbai City
P51900012891 · Byculla · promoter Mustanshir Saifuddin Merchant
| MahaRERA registration | P51900012891 |
| Registered on | 07 Sep 2017 |
| Promoter-declared completion | 31 Dec 2025 |
| Current status | Certificate Signed |
| Against today | about 7 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.
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.
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:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 19 | 1901 | 350 sqft (32.53 sqm) | ₹64.92 Lakh |
| Floor 19 | 1902 | 350 sqft (32.52 sqm) | ₹64.92 Lakh |
| Floor 20 | 2002 | 350 sqft (32.52 sqm) | ₹64.92 Lakh |
| Floor 20 | 2003 | 372 sqft (34.6 sqm) | ₹64.92 Lakh |
| Floor 20 | 2004 | 351 sqft (32.64 sqm) | ₹64.92 Lakh |
| Floor 21 | 2101 | 350 sqft (32.53 sqm) | ₹67.75 Lakh |
| Floor 21 | 2102 | 594 sqft (55.23 sqm) | ₹67.75 Lakh |
| Floor 22 | 2201 | 350 sqft (32.53 sqm) | ₹67.75 Lakh |
| Floor 22 | 2203 | 372 sqft (34.6 sqm) | ₹67.75 Lakh |
| Floor 22 | 2204 | 351 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.
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.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Saif Towers | 1 | G+25 | 72 | - |
Unit mix on the filing: 67 residential and 5 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 |
|---|---|---|---|
| CC006000000044499 | 21/06/2018 | Javed Hussain Siddiqui & Ambrin Javed Hussain Siddiqui vs M M Realtors | order passed |
| CC006000000055411 | 17/07/2018 | Zulfikar Yusufali Kazi vs M.M.Realtors | 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 |
|---|---|---|
| 31 Dec 2024 | 31 Dec 2022 | We 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 2024 | 31 Dec 2024 | Due 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 2019 | 31 Dec 2025 | The 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, |
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.
The nearest major job hub is ~4 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Lower Parel / Worli business district | 4 km |
| Nariman Point / Fort | 5 km |
| Bandra Kurla Complex (BKC) | 11 km |
| Chhatrapati Shivaji Int'l Airport | 13 km |
| Powai / Hiranandani business park | 18 km |
| Andheri MIDC / SEEPZ | 18 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 Saif towers?
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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Last checked against the RERA register: 27 Jul 2026