Shree SAI Apartment
MahaRERA Property Intelligence · Palghar
P99000032156 · SHELWALI VILLAGE · promoter Santosh Arjun Naik
| MahaRERA registration | P99000032156 |
| Registered on | 14 Dec 2021 |
| Promoter-declared completion | 12 Nov 2025 |
| Current status | Certificate Signed |
| Against today | about 8 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.
Across MahaRERA, Santosh Arjun Naik is the promoter of record on 115 projects, of which 19 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.
MahaRERA's cost filing puts construction at ~100.0% of the estimated project cost incurred as of the last certificate (₹3.30 Cr spent against a ₹3.30 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 38 homes filed with MahaRERA, 22 are sold/booked and 16 remain available (~58% sold) — selling steadily. Buyers have committed ₹5.76 Cr in agreement value so far. Of that, ₹5.30 Cr (~92%) is already collected, ₹46.87 Lakh 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 22 registered agreements, the effective carpet rate is ₹5,639/sqft (typical range ₹4,875–₹6,463) — 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 1 | A-101 | 523 sqft (48.6 sqm) | ₹14.82 Lakh |
| Floor 1 | A-102 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Floor 1 | A-103 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Floor 1 | B-101 | 523 sqft (48.6 sqm) | ₹14.82 Lakh |
| Floor 1 | B-102 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Floor 2 | B-202 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Floor 2 | B-203 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Floor 3 | B-303 | 523 sqft (48.6 sqm) | ₹14.82 Lakh |
| Floor 4 | A-402 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Floor 4 | A-403 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Floor 4 | B-401 | 523 sqft (48.6 sqm) | ₹14.82 Lakh |
| Floor 4 | B-403 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Ground/Floor 0 | A-G002 | 523 sqft (48.6 sqm) | ₹14.82 Lakh |
| Ground/Floor 0 | B-G001 | 523 sqft (48.6 sqm) | ₹14.82 Lakh |
| Ground/Floor 0 | B-G002 | 371 sqft (34.5 sqm) | ₹10.52 Lakh |
| Ground/Floor 0 | B-G003 | 371 sqft (34.5 sqm) | ₹10.52 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+4 and 38 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| SATHYA LIFESTYLES BUILDING NO 12 | 1 | G+4 | 38 | - |
Unit mix on the filing: 32 residential and 6 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
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 Mar 2023 | 30 Sep 2024 | OC APPLIED. PENDING FROM AUTHORITY |
| 31 Mar 2023 | 30 Sep 2023 | CONSTRUCTION IS COMPLETE. APPLIED FOR OC. |
| 31 Mar 2023 | 12 Nov 2025 | Dear sir Madam, We Have Already Applied OC and awaiting OC Shortly. Requesting you us kindly Allow us the Extension |
Located at SHELWALI VILLAGE, SHELWALI VILLAGE, Thane, Thane, 401404. Per the filed land record, the plot is bounded to the north by BUILDING NO 10, to the south by BUILDING NO 14, to the east by 9 MTR ROAD and to the west by 12 MTR ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
🔒 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 SATHYA LIFESTYLES BUILDING NO 12?
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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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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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