Vaishnavi Dham Complex
MahaRERA Property Intelligence · Thane
P51700009534 · Wafe · promoter Shubha Developers
| MahaRERA registration | P51700009534 |
| Registered on | 22 Aug 2017 |
| Promoter-declared completion | 07 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, Shubha Developers is the promoter of record on 119 projects, of which 17 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 ~94.6% of the estimated project cost incurred as of the last certificate (₹15.75 Cr spent against a ₹16.64 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 154 homes filed with MahaRERA, 105 are sold/booked (99 with registered agreements + 6 booked) and 49 remain available (~68% sold) — selling steadily. Buyers have committed ₹17.41 Cr in agreement value so far. Of that, ₹12.63 Cr (~73%) is already collected, ₹4.77 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 100 registered agreements, the effective carpet rate is ₹5,007/sqft (typical range ₹4,041–₹6,842) — 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.
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+7 and 154 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Type A | 1 | G+7 | 105 | - |
| Type B | 1 | G+5 | 49 | - |
Unit mix on the filing: 154 residential.
7 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 |
|---|---|---|---|
| CC006000000198487 | 09/10/2021 | SHANTARAM PARK RESIDENCY ALLOTTEEWELFARE ASSOCIATION vs SHUBHA DEVELOPERS | order passed |
| CC12400602 | 28/10/2024 | Subhash Gobaru More vs Shubha Developers | order passed |
| CC12501778 | 30/05/2025 | shalaka sameer kadam vs Shubha Developers | pending / no order on file |
| CC12502864 | 15/08/2025 | RAJENDRA MURALIDHAR GANGURDE vs Shubha Developers | pending / no order on file |
| CC12503120 | 04/09/2025 | Asha Sahebrao Patil vs Shubha Developers | pending / no order on file |
| CC12600521 | 30/01/2026 | Mukesh Rajbal Tyagi vs Shubha Developers | pending / no order on file |
| CC12604065 | 30/06/2026 | Amol Komalsingh Thoke vs Shubha Developers | pending / no order on file |
The promoter has had the MahaRERA completion deadline formally extended 5 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 |
|---|---|---|
| 27 Dec 2024 | 31 Jul 2022 | Due to COVID-19 pandemic situation thus causing non-availability of labours for site work. |
| 27 Dec 2024 | 27 Dec 2023 | DUE TO COVID-19 AND PERMISSION DELAY THE PROJECT WAS NOT ABLE TO GET COMPLETED ON TIME. WE WOULD LIKE TO REQUEST YOU TO FURTHER GRANT US EXTENSION TILL 27/12/2023 |
| 27 Dec 2024 | 27 Dec 2024 | DUE TO COVID-19 AND PERMISSION DELAY THE PROJECT WAS NOT ABLE TO GET COMPLETED ON TIME. WE WOULD LIKE TO REQUEST YOU TO FURTHER GRANT US EXTENSION TILL 27/12/2024 |
| 01 Aug 2021 | 27 Dec 2025 | Due to shortage of material and labor not able to complete please grant us extension till 27/12/2025 |
| 01 Aug 2021 | 07 Dec 2026 | We wish to bring to your kind attention the progress and challenges faced in the timely completion of our real estate project, Shantaram Park Residency, located at Shahpur, Thane. |
Located at Wafe, Wafe Road, Thane, Thane, 421601. Per the filed land record, the plot is bounded to the north by SNo 93, to the south by Existing Village Road, to the east by SNo 51 and to the west by SNo 51. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~58 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Powai / Hiranandani business park | 58 km |
| Andheri MIDC / SEEPZ | 60 km |
| Chhatrapati Shivaji Int'l Airport | 64 km |
| Bandra Kurla Complex (BKC) | 65 km |
| Lower Parel / Worli business district | 73 km |
| Nariman Point / Fort | 79 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 Shantaram Park 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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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