Balkrishna Hills
MahaRERA Property Intelligence · Mumbai City
P51900029126 · Matunga · promoter Vipul Shantilal Nagda
| MahaRERA registration | P51900029126 |
| Registered on | 29 Apr 2021 |
| Promoter-declared completion | 31 Jan 2026 |
| Current status | Certificate Signed |
| Against today | about 6 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, Vipul Shantilal Nagda is the promoter of record on 26 projects, of which 7 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 ~40.0% of the estimated project cost incurred as of the last certificate (₹28.01 Cr spent against a ₹69.96 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. The declared completion date has already passed while the cost-incurred filing sits at ~40.0% — a wide gap between the promise and the money actually spent on site.
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 40 homes filed with MahaRERA, 37 are sold/booked and 3 remain available (~92% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹134.68 Cr in agreement value so far. Of that, ₹118.76 Cr (~88%) is already collected, ₹15.91 Cr receivable — a read on how far along these sales really are. Note: the project registers 107 homes in total, but this sold/unsold inventory filing covers only 40 of them — the other 67 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 37 registered agreements, the effective carpet rate is ₹30,018/sqft (typical range ₹26,150–₹64,663) — 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 13 | 1303 | 675 sqft (62.73 sqm) | ₹1.77 Cr |
| Floor 19 | 1901 | 934 sqft (86.7519 sqm) | ₹2.45 Cr |
| Floor 19 | 1904 | 1,107 sqft (102.877 sqm) | ₹2.97 Cr |
⚠ The inventory filing also declares: 26 reserved. 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+20 and 107 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| SHANTI HEIGHTS | 1 | G+20 | 107 | - |
Unit mix on the filing: 90 residential and 17 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 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 |
|---|---|---|
| 31 Dec 2024 | 31 Jan 2026 | (a) Due to Central and State Elections held in same year Local Authority Officials (MCGM) were on Election Duty, permissions and approvals from departments is delayed due to lack o |
Located at Matunga, Bhau Dhaji Road, Ward FSouth, Mumbai City, 400019. Per the filed land record, the plot is bounded to the north by CS No 349-10, to the south by CS No 351-10, to the east by 60 FT Bhau Daji Road and to the west by MCGM Play Ground and CS No351-10. 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 SHANTI HEIGHTS?
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