Vidisha Constructions
MahaRERA Property Intelligence · Thane
P51700046454 · BHADWAD · promoter Vidisha Constructions
| MahaRERA registration | P51700046454 |
| Registered on | 04 Aug 2022 |
| Promoter-declared completion | 20 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 months to 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, Vidisha Constructions is the promoter of record on 6 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.
MahaRERA's cost filing puts construction at ~73.5% of the estimated project cost incurred as of the last certificate (₹24.33 Cr spent against a ₹33.12 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 236 homes filed with MahaRERA, 217 are sold/booked (199 with registered agreements + 18 booked) and 19 remain available (~92% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹44.52 Cr in agreement value so far. Of that, ₹32.61 Cr (~73%) is already collected, ₹11.92 Cr receivable — a read on how far along these sales really are. Note: the project registers 272 homes in total, but this sold/unsold inventory filing covers only 236 of them — the other 36 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 217 registered agreements, the effective carpet rate is ₹5,378/sqft (typical range ₹5,378–₹8,131) — 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 11 | A-1104 | 646 sqft (59.97 sqm) | ₹35.47 Lakh |
| Floor 12 | A-1204 | 646 sqft (59.97 sqm) | ₹35.47 Lakh |
| Floor 13 | A-1301 | 418 sqft (38.82 sqm) | ₹22.96 Lakh |
| Floor 13 | A-1302 | 424 sqft (39.42 sqm) | ₹23.32 Lakh |
| Floor 13 | A-1303 | 424 sqft (39.42 sqm) | ₹23.32 Lakh |
| Floor 13 | A-1304 | 646 sqft (59.97 sqm) | ₹35.47 Lakh |
| Floor 13 | A-1306 | 517 sqft (48.07 sqm) | ₹28.43 Lakh |
| Floor 2 | A-202 | 424 sqft (39.42 sqm) | ₹21.52 Lakh |
| Floor 2 | A-203 | 424 sqft (39.42 sqm) | ₹21.52 Lakh |
| Floor 3 | A-301 | 418 sqft (38.82 sqm) | ₹21.20 Lakh |
| Floor 3 | A-303 | 424 sqft (39.42 sqm) | ₹21.52 Lakh |
| Floor 3 | A-304 | 646 sqft (59.97 sqm) | ₹32.74 Lakh |
| Floor 4 | A-401 | 418 sqft (38.82 sqm) | ₹21.20 Lakh |
| Floor 4 | A-404 | 646 sqft (59.97 sqm) | ₹32.74 Lakh |
| Floor 5 | A-501 | 418 sqft (38.82 sqm) | ₹21.20 Lakh |
| Floor 5 | A-505 | 418 sqft (38.84 sqm) | ₹22.97 Lakh |
| Ground/Floor 0 | S-15 | 347 sqft (32.25 sqm) | ₹21.96 Lakh |
| Ground/Floor 0 | S-5 | 121 sqft (11.27 sqm) | ₹7.67 Lakh |
| Ground/Floor 0 | S-6 | 121 sqft (11.27 sqm) | ₹7.67 Lakh |
⚠ The inventory filing also declares: 36 owner/investor-held. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+13 and 272 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| SHAMBHU SHANKAR RESIDENCY | 1 | G+13 | 272 | - |
Unit mix on the filing: 253 residential and 19 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 2 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 | 20 Dec 2025 | SLOW SALES, INCREASED COST OF MATERIAL, SHORTAGE OF LABOUR. AS PER CIRCULAR NO 28 DATED 22/07/2021 51% CONSENT IS REQUIRED FOR EXTENSION UNDER SECTION 7(3) AND WE HAVE OBTAINED CO |
| 31 Dec 2024 | 20 Dec 2026 | Delays in the delivery of construction materials (e.g., steel, lumber, cement). Price volatility and shortages of key materials lead to project delays, as we wait for resources to |
Located at BHADWAD, BHADWAD SONALE ROAD, Bhiwandi, Thane, 421305. Per the filed land record, the plot is bounded to the north by MAHARASHTRA GOVERNMENT, to the south by 60 FT DP ROAD, to the east by 69 P ROAD and to the west by EXISTING RIGHT OF WAY. 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 SHAMBHU SHANKAR RESIDENCY?
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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Vidisha Constructions is the promoter on 2 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).
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