MahaRERA Property Intelligence · Raigarh

SAIKRUPA

P52000008844 · promoter Vaishnavi

Certificate SignedDue 30 Dec 2021

Delivery & Registration

MahaRERA registrationP52000008844
Registered on19 Aug 2017
Promoter-declared completion30 Dec 2021
Current statusCertificate Signed
Against todayabout 55 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, Vaishnavi is the promoter of record on 75 projects, of which 16 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.

Sales & Inventory

Of 22 homes filed with MahaRERA, 19 are sold/booked and 3 remain available (~86% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹9.15 Cr in agreement value so far. Of that, ₹8.74 Cr (~96%) is already collected, ₹40.88 Lakh receivable — a read on how far along these sales really are. Note: the project registers 53 homes in total, but this sold/unsold inventory filing covers only 22 of them — the other 31 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 19 registered agreements, the effective carpet rate is ₹9,167/sqft (typical range ₹6,568–₹9,978) — 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 7704598 sqft (55.56 sqm)₹34.67 Lakh
Floor 7705690 sqft (64.1 sqm)₹40.00 Lakh
Floor 7706626 sqft (58.16 sqm)₹36.29 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+8 and 53 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Shree Saikrupa1G+853-

Unit mix on the filing: 48 residential and 5 non-residential (shops/offices).

Complaints

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

Location, Land & Connectivity

Located at Market Yard Road, Panvel, Raigarh, 410206. Per the filed land record, the plot is bounded to the north by FINAL PLOT NO 206 HISSA NO 58, to the south by 9 WIDE ROAD, to the east by 9 M WIDE ROAD and to the west by FINAL PLOT NO 205 HISSA NO 61. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~23 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 park23 km
Bandra Kurla Complex (BKC)25 km
Chhatrapati Shivaji Int'l Airport26 km
Andheri MIDC / SEEPZ27 km
Lower Parel / Worli business district29 km
Nariman Point / Fort32 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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Other RERA-registered projects in Panvel

Ambaji Residency
possession by Jul 2026 · Vishal Tukaram Patil
Bayview
possession by Jul 2026 · Skyline Realbuild LLP
Delta Heights
possession by Jul 2026 · Shreenathji Organisers Pvt. Ltd.
Micron Residency
possession by Jul 2026 · Micron Infra
Shree Mahadev Residency
possession by Jul 2026 · SK Developers
Aishwarya Cooperative Housing Society
possession by Aug 2026 · Royal Enterprises

Major developers building in Panvel

Other RERA-registered projects in Raigarh

Saikunj CO-Operative HSG Society
declared completion May 2024 · Royal Enterprises
Saileela
declared completion Dec 2019 · Dennis James Fernandes
Saimudra
declared completion Sep 2023 · Sanju Vasant Mhatre
Sainath Heritage
declared completion Dec 2019 · Sainath Enterprises
Sairaj Golden View
declared completion Sep 2018 · Shivam Developer
Sairaj Residency
declared completion Feb 2023 · Sairaj 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