Mumbai/Project record

MahaRERA · the public record

Shubh Iconic

Morivali -Ambarnath · Shubh Buildtech

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The registration, progress and filed details in one place. Go further with an independent reading of the project’s evidence.

72units filed as unsoldInventory · 19 September 2026
31 Mar 2028declared completionMahaRERA registration · read 12 Jul 2026
166registered unitsMahaRERA registration · read 12 Jul 2026

The record · free to read

Registration read 12 Jul 2026

Progress & dates

The timeline on file.

Available record

No construction trend to plot.

The records used for this page do not supply a series of construction percentages. This does not establish whether possession has been given.

declared completion

31 Mar 2028

The registered date and a construction update answer different questions. Neither is a confirmation of possession.

MahaRERA registration · read 12 Jul 2026

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The source record

The details behind the headline.

MahaRERA · P51700056117

Delivery and registration

When is the project declared for completion?

Shubh Iconic is registered with MahaRERA as P51700056117 and the promoter has declared completion for 31 Mar 2028.

31 Mar 2028

declared completion

18months to go

against the declared date

The completion date and status as they stand on the MahaRERA registration record.

Source · MahaRERA project registration · read 12 Jul 2026

MahaRERA registrationP51700056117
Registered on11 May 2024
Promoter-declared completion31 Mar 2028
Current statusCertificate Signed
Against today18 months to the declared date

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for Shubh Iconic record 10 quarterly progress reports since registration.

Entries as they appear on MahaRERA's own lists and the project's progress filing.

Source · MahaRERA defaulter, deregistration and QPR lists · read 12 Jul 2026

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

Construction

How much construction cost has been reported?

In Shubh Iconic, ₹19.82 Cr of a declared ₹41.51 Cr estimated project cost is reported as incurred, about 47.7%, as at the last certified filing with MahaRERA.

47.7%

₹19.82 Cr

of ₹41.51 Cr declared cost

Cost incurred as last certified to MahaRERA. It is a financial measure, not a survey of site work, and it can lag on-site reality between filings.

Source · MahaRERA quarterly progress filing · read 12 Jul 2026

Sales

How much has actually been sold?

In Shubh Iconic, 30 of 102 homes filed with MahaRERA are recorded as sold or booked, about 29%, and 72 remain available.

29%sold

30 of 102 homes

₹12.28 Cr

committed by buyers

Counts and agreement value as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. Of that agreement value, ₹5.30 Cr (about 43%) is recorded as collected and ₹6.98 Cr as receivable. The project registers 166 homes in total, while this sold/unsold inventory filing covers 102 of them.

Source · MahaRERA sold/unsold inventory filing · read 12 Jul 2026

What buyers actually paid: across 30 registered agreements, the effective carpet rate is ₹7,231/sqft, with eight in ten falling between ₹6,610 and ₹7,964 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.

The inventory filing also declares: 64 not for sale.

What the filings record, home by home

Read from MahaRERA on 19 September 2026

MahaRERA publishes, home by home, what this promoter filed: which homes are sold and which are not, the RERA carpet area of each, and for the sold ones the registered agreement value — the consideration filed for that specific home. On this project 30 homes carry one, and 72 of the 166 are recorded unsold.

Here is one of those unsold homes, priced against what buyers of the same home on other floors actually filed:

HomeCarpetFiled for the same home on other floorsBased on
1412635 sqftRs 42.61 lakh typical, over Rs 40.00 lakh to Rs 44.92 lakh7 filed on this stack, floors 2–11

A filed consideration is what was registered for one home. It is not a valuation, and MahaRERA does not publish the date of any of these agreements — read a range as a spread, not as a trend. An unsold row means no sale had been filed for it when we looked, which is a filing state, not a promise that the home is available to you today. Only one observation of this ledger so far: no change can be reported yet. This observation is an archived copy whose time is the moment the file was written, not a portal fetch time.

In Shubh Iconic, 48 of the 72 unsold homes have agreements filed on their own stack. The Price Comparison Report gives each of them its own row — the filed agreements behind that stack listed in full, the government reckoner value the promoter filed against it, and whether it is mortgaged to a lender while still on the unsold list. Built from the filing itself, sent by email.

See the other 71 homes — ₹2,999 →

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+14 and 166 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Shubh Iconic1G+14166-

Unit mix on the filing: 166 residential.

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading.

Location, Land & Connectivity

Located at Morivali -Ambarnath, Morivali, Ambarnath, Thane, 421501. Per the filed land record, the plot is bounded to the north by 12 Mtr DP Road, to the south by Amber Heights Projects, to the east by Vishwajeet Green Project and to the west by In the Said Income Reservation No 151. These are the boundaries as recorded in the filed land record.

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Meera Nanda Bliss
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Major developers building in Ambernath

Other RERA-registered projects in Thane

Shubh Mangalam Phase I
declared completion Aug 2024 · Shubh Reality
Shubh Nirman Phase I
declared completion Dec 2022 · Guru Developers
Shubh Nirman Phase II
declared completion May 2023 · Guru Developers
Shubh Shrushti LM
possession by Dec 2028 · Vinayak Enterprises
Shubh Srushti Phase II
declared completion Dec 2023 · Vinayak Enterprises
Shubh Srushti Phase III
declared completion May 2025 · Vinayak Enterprises

What to verify before you book

  1. Confirm the MahaRERA registration is live and read the project page on the MahaRERA portal for the sanctioned plan, approvals and the promoter's quarterly progress reports.
  2. Check the declared completion date against actual site progress — registration is not the same as a delivered, occupancy-certified building.
  3. Verify the exact carpet area, floor and unit number in your agreement match the sanctioned plan (not the brochure's saleable area).
  4. Confirm the title, the 7/12 land extract and that your payments go to the project's designated RERA escrow account.

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: 20 Sep 2026