MahaRERA Property Intelligence · Thane
P51700012672 · promoter Shubham Drashti Enterprises
| MahaRERA registration | P51700012672 |
| Registered on | 07 Sep 2017 |
| Promoter-declared completion | 31 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, Shubham Drashti Enterprises is the promoter of record on 72 projects, of which 13 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 ~70.2% of the estimated project cost incurred as of the last certificate (₹16.75 Cr spent against a ₹23.86 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 58 homes filed with MahaRERA, 23 are sold/booked and 35 remain available (~40% sold) — selling steadily. Buyers have committed ₹9.47 Cr in agreement value so far. Of that, ₹9.05 Cr (~96%) is already collected, ₹42.21 Lakh receivable — a read on how far along these sales really are. Note: the project registers 64 homes in total, but this sold/unsold inventory filing covers only 58 of them — the other 6 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 23 registered agreements, the effective carpet rate is ₹7,845/sqft (typical range ₹4,794–₹11,170) — 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 1 | 101 | 423 sqft (39.32 sqm) | ₹18.99 Lakh |
| Floor 1 | 102 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 1 | 103 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 1 | 104 | 482 sqft (44.75 sqm) | ₹21.61 Lakh |
| Floor 10 | 1003 | 471 sqft (43.74 sqm) | ₹21.13 Lakh |
| Floor 11 | 1101 | 645 sqft (59.95 sqm) | ₹28.96 Lakh |
| Floor 12 | 1201 | 423 sqft (39.32 sqm) | ₹18.99 Lakh |
| Floor 12 | 1201 | 645 sqft (59.95 sqm) | ₹28.96 Lakh |
| Floor 12 | 1202 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 12 | 1203 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 12 | 1204 | 482 sqft (44.75 sqm) | ₹21.61 Lakh |
| Floor 2 | 201 | 645 sqft (59.95 sqm) | ₹28.99 Lakh |
| Floor 2 | 202 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 2 | 203 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 3 | 301 | 423 sqft (39.32 sqm) | ₹18.99 Lakh |
| Floor 3 | 304 | 482 sqft (44.75 sqm) | ₹21.61 Lakh |
| Floor 3 | 305 | 638 sqft (59.28 sqm) | ₹28.63 Lakh |
| Floor 4 | 401 | 423 sqft (39.32 sqm) | ₹18.99 Lakh |
| Floor 4 | 402 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 4 | 403 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 5 | 501 | 645 sqft (59.95 sqm) | ₹28.96 Lakh |
| Floor 5 | 502 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 5 | 504 | 482 sqft (44.75 sqm) | ₹21.61 Lakh |
| Floor 6 | 601 | 645 sqft (59.95 sqm) | ₹28.96 Lakh |
| Floor 6 | 604 | 482 sqft (44.75 sqm) | ₹21.61 Lakh |
| Floor 7 | 701 | 645 sqft (59.95 sqm) | ₹28.96 Lakh |
| Floor 7 | 704 | 482 sqft (44.75 sqm) | ₹21.61 Lakh |
| Floor 8 | 805 | 638 sqft (59.28 sqm) | ₹28.63 Lakh |
| Floor 9 | 901 | 645 sqft (59.95 sqm) | ₹28.96 Lakh |
| Floor 9 | 902 | 573 sqft (53.23 sqm) | ₹25.71 Lakh |
| Floor 9 | 903 | 471 sqft (43.74 sqm) | ₹21.13 Lakh |
| Ground/Floor 0 | SHOP 02 | 206 sqft (19.18 sqm) | ₹9.26 Lakh |
| Ground/Floor 0 | SHOP 03 | 216 sqft (20.11 sqm) | ₹9.71 Lakh |
| Ground/Floor 0 | SHOP 04 | 292 sqft (27.13 sqm) | ₹13.10 Lakh |
| Ground/Floor 0 | SHOP 06 | 216 sqft (20.11 sqm) | ₹9.71 Lakh |
⚠ The inventory filing also declares: 6 owner/investor-held. 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+12 and 64 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| SHUBHAM GARDEN BLDG NO 1 | 1 | G+12 | 43 | - |
| SHUBHAM GARDEN BLDG NO 2 | 1 | G+12 | 21 | - |
Unit mix on the filing: 56 residential and 8 non-residential (shops/offices).
1 complaint is on the MahaRERA record for this project, with orders passed in 0. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC12502016 | 20/06/2025 | Godric George Thorne vs SHUBHAM DRASHTI ENTERPRISES | pending / no order on file |
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 |
|---|---|---|
| 31 Dec 2024 | 30 Apr 2023 | Due to Covid Pandemic and Recession in Real Estate World their is Slow down in construction of project and therefore we required one year extension as to complete all the complianc |
| 31 Dec 2024 | 31 Dec 2024 | Extension of project is applied as we received revised CC . Revised CC along with plan is updated on Rera portal |
| 30 Apr 2022 | 31 Dec 2026 | To, The MahaRERA Authority, Maharashtra Real Estate Regulatory Authority, Mumbai. Subject: Request for Extension of Project Registration for “SHUBHAM GARDEN” (RERA No. P5170001 |
Located at ., Thane, Thane, 401101. Per the filed land record, the plot is bounded to the north by SNO 170 HNO 2, to the south by D P ROAD, to the east by SNO 170 HNO 18 and to the west by SNO 168 HNO 8. 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 | 21 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 SHUBHAM GARDEN?
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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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