MahaRERA Property Intelligence · Thane

Silver Spring

P51700006557 · Bhayandar · promoter Shri Venkatesh Ramdev

Certificate SignedDue 31 Dec 2025

Delivery & Registration

MahaRERA registrationP51700006557
Registered on14 Aug 2017
Promoter-declared completion31 Dec 2025
Current statusCertificate Signed
Against todayabout 7 months past the declared date

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.

Builder Track Record

Across MahaRERA, Shri Venkatesh Ramdev is the promoter of record on 146 projects, of which 26 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.

Sales & Inventory

Of 132 homes filed with MahaRERA, 79 are sold/booked and 53 remain available (~60% sold) — selling steadily. Buyers have committed ₹30.00 Cr in agreement value so far. Of that, ₹26.11 Cr (~87%) is already collected, ₹3.89 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 ₹8,046/sqft (typical range ₹6,379–₹9,114) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

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+18 and 132 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Silver Spring Wing A1G+1783-
SILVER SPRING WING C1G+1849-

Unit mix on the filing: 132 residential.

Complaints

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

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 2 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 202431 Dec 2024Due to Covid pandemic there was a slow down in construction work and various permission from respected gov authorities was delayed and therefore there was a need to extend the date
30 Mar 202231 Dec 2025To, The Authority, Maharashtra Real Estate Regulatory Authority (MahaRERA), Mumbai, Maharashtra. Subject: Request for Extension of Project Registration for "Silver Spring" un

Location, Land & Connectivity

Located at Bhayandar, Station Road, Thane, Thane, 401101. Per the filed land record, the plot is bounded to the north by Paradkar Bhawan CHS Ltd, to the south by Kamla Park Bungalow, to the east by Preeti Tower and to the west by Kasturi Hospital. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~19 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Andheri MIDC / SEEPZ19 km
Powai / Hiranandani business park21 km
Chhatrapati Shivaji Int'l Airport24 km
Bandra Kurla Complex (BKC)26 km
Lower Parel / Worli business district34 km
Nariman Point / Fort42 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.

Unlock in the ₹999 report →

🔒 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.

Unlock in the ₹2,999 report →

🔒 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.

Unlock in the ₹999 report →

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SAI Hanuman Tower
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Other RERA-registered projects in Thane

Silver Square
possession by Dec 2026 · Ramdev Venkatesh Housing
Silver Wood
possession by May 2028 · Mangala Construction
Silverlaf J Wing
declared completion Nov 2022 · Silverleaf Constructions LLP
Silvia
possession by Mar 2027 · Impressions NXT
Simone Residency
declared completion Dec 2025 · M R M Developers
Simran Deluxe
declared completion Dec 2021 · SAI Buildcon

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: 27 Jul 2026