Uday Ghanshyam Naik
MahaRERA Property Intelligence · Thane
P51700007911 · MIRA ROAD EAST · promoter Uday Ghanshyam Naik
| MahaRERA registration | P51700007911 |
| Registered on | 18 Aug 2017 |
| Promoter-declared completion | 30 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, Uday Ghanshyam Naik is the promoter of record on 32 projects, of which 2 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 ~57.8% of the estimated project cost incurred as of the last certificate (₹11.42 Cr spent against a ₹19.76 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 85 homes filed with MahaRERA, 79 are sold/booked (57 with registered agreements + 22 booked) and 6 remain available (~93% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹35.93 Cr in agreement value so far. Of that, ₹21.39 Cr (~60%) is already collected, ₹14.54 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 79 registered agreements, the effective carpet rate is ₹7,164/sqft (typical range ₹6,838–₹12,490) — 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 | 1102 | 439 sqft (40.79 sqm) | ₹47.12 Lakh |
| Floor 13 | 1302 | 439 sqft (40.79 sqm) | ₹47.12 Lakh |
| Floor 21 | 2104 | 598 sqft (55.58 sqm) | ₹65.71 Lakh |
| Floor 22 | 2203 | 598 sqft (55.58 sqm) | ₹65.71 Lakh |
| Floor 4 | 402 | 439 sqft (40.79 sqm) | ₹43.84 Lakh |
| Floor 5 | 501 | 436 sqft (40.5 sqm) | ₹43.84 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+22 and 85 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Bldg 20 as per Sale Plan Wing B as per approved Plan | 1 | G+22 | 85 | - |
Unit mix on the filing: 85 residential.
2 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 |
|---|---|---|---|
| CC006000000056427 | 15/11/2018 | Sudhir Wawdhane vs Mr. Uday Ghanshyam Naik | order passed |
| CC006000000171953 | 27/12/2019 | Sudhir R. Wawdhane vs G.N. Construction | order passed |
The promoter has declared 1 court case on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| S D Thane | 215 | 1992 | Closed |
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 |
|---|---|---|
| 30 Dec 2025 | 30 Jun 2022 | The Promoter states that the project construction of RCC Slab structure up to 10th floor and internal walls up to 8th floor is completed as per the approved plan but due to the ino |
| 30 Dec 2025 | 30 Dec 2025 | Revised Plan and commencement certificate not yet received. All other requisite permissions are in place. We have total 54 booked apartments and have received consent from 30 allot |
| 30 Jun 2021 | 30 Dec 2026 | The Promoter respectfully submits that the present application for extension of the project completion date up to 30.12.2026 is made under Section 7(3) of the Real Estate (Regulati |
Located at MIRA ROAD EAST, MIRA BHAYANDAR ROAD, Borivali, Mumbai Suburban, 401107. Per the filed land record, the plot is bounded to the north by 182 8, to the south by 182 3, to the east by 182 6 and to the west by 182 5. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~17 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 17 km |
| Powai / Hiranandani business park | 19 km |
| Chhatrapati Shivaji Int'l Airport | 22 km |
| Bandra Kurla Complex (BKC) | 24 km |
| Lower Parel / Worli business district | 32 km |
| Nariman Point / Fort | 40 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 SHREE SHASHWAT BLDG20?
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
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Unit Guidance Report · ₹2,999
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Uday Ghanshyam Naik 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