Shiv Anand

Delivery & Registration

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.

• Current QPR default — the promoter has stopped filing the mandatory quarterly progress report (FY 2025-2026).

Builder Track Record

Across MahaRERA, Bhagwati Construction is the promoter of record on 42 projects, of which 1 carries 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 ~100.0% of the estimated project cost incurred as of the last certificate (₹9.40 Cr spent against a ₹9.40 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 65 homes filed with MahaRERA, 31 are sold/booked (20 with registered agreements + 11 booked) and 34 remain available (~48% sold) — selling steadily. Buyers have committed ₹11.82 Cr in agreement value so far. Of that, ₹8.69 Cr (~73%) is already collected, ₹3.13 Cr receivable — a read on how far along these sales really are. Note: the project registers 84 homes in total, but this sold/unsold inventory filing covers only 65 of them — the other 19 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 31 registered agreements, the effective carpet rate is ₹19,378/sqft (typical range ₹13,612–₹23,601) — 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:

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+6 and 84 homes are registered across the project.

Unit mix on the filing: 75 residential and 9 non-residential (shops/offices).

Complaints

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

Location, Land & Connectivity

Located at Tembi Naka, Thane West, Shivaji Path, Thane, Thane, 400602. Per the filed land record, the plot is bounded to the north by Nowroji Nanabhai Road, to the south by Open Court yard of the property, to the east by Municipal Road and to the west by Agyari Lane Road. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

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Other RERA-registered projects in Thane

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.