MahaRERA Property Intelligence · Thane

SALASAR SPARSH PHASE I

P51700022775 · BHAYANDAR WEST · promoter Maxus Prime Realty

Certificate SignedDue 31 Dec 2028

Delivery & Registration

MahaRERA registrationP51700022775
Registered on17 Oct 2019
Promoter-declared completion31 Dec 2028
Current statusCertificate Signed
Against today29 months to 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, Maxus Prime Realty is the promoter of record on 3 projects, of which none currently 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.

Construction Progress

MahaRERA's cost filing puts construction at ~75.6% of the estimated project cost incurred as of the last certificate (₹51.38 Cr spent against a ₹68.00 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 156 homes filed with MahaRERA, 75 are sold/booked and 81 remain available (~48% sold) — selling steadily. Buyers have committed ₹60.07 Cr in agreement value so far. Of that, ₹34.17 Cr (~57%) is already collected, ₹25.90 Cr receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

What buyers actually paid: across 75 registered agreements, the effective carpet rate is ₹10,063/sqft (typical range ₹10,018–₹12,491) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

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+35 and 156 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
SALASAR SPARSH BUILDING NUMBER 1 WING B1G+3515630 Sep 2024

Unit mix on the filing: 156 residential.

Complaints

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

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 Sep 202531 Dec 20281. The Project SALASAR SPARSH PHASE I, was registered with MAHARERA on 17/10/2019, at that time we had registered the Project the approval was taken as per old Development Control

Location, Land & Connectivity

Located at BHAYANDAR WEST, MAHESHWARI BHAVAN ROAD, Thane, Thane, 401101. Per the filed land record, the plot is bounded to the north by SURVEY NO 558-208, to the south by SURVEY NO 561-166, to the east by RAILWAY LINE and to the west by SURVEY NO 559-1. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~154 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 park154 km
Andheri MIDC / SEEPZ155 km
Chhatrapati Shivaji Int'l Airport159 km
Bandra Kurla Complex (BKC)161 km
Lower Parel / Worli business district169 km
Nariman Point / Fort176 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 Bhayander West

Anantsavitri Ratna Heights
possession by Aug 2026 · Krisha Realty
Bhairav Enclave
possession by Aug 2026 · Leena Estate Venture
Mukundam
possession by Aug 2026 · Shree Ramjeevdani Realtors
Saroj Chandra Krupa
possession by Oct 2026 · S C Associates
SAI Hanuman Tower
possession by Dec 2026 · Shree Samartha Developers
Chandanbala
possession by Dec 2026 · Hemant Sagarmal Jain

Other RERA-registered projects in Thane

Salasar Woods
declared completion Dec 2023 · Salasar Estate Developers LLP
Samadhan Co Op Hsg Soc Ltd
declared completion Oct 2025 · Shubh Associates
Samarpan Heights
possession by Dec 2026 · Jayawant Balaram Bhoir Patil
Samarth Developers
declared completion Dec 2022 · Samath Developers
Samarth Paradise
possession by Dec 2026 · S P Developers
Samarth Parshuram Heights
declared completion Apr 2019 · Shree Swami Samarth Developer

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