MahaRERA Property Intelligence · Thane

Sky Avenue

P51700017501 · Waldhuni · promoter Bhagwati Infrastructure

Certificate SignedDue 31 Mar 2026

Delivery & Registration

MahaRERA registrationP51700017501
Registered on23 Aug 2018
Promoter-declared completion31 Mar 2026
Current statusCertificate Signed
Against todayabout 4 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, Bhagwati Infrastructure 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 ~46.3% of the estimated project cost incurred as of the last certificate (₹6.99 Cr spent against a ₹15.10 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. The declared completion date has already passed while the cost-incurred filing sits at ~46.3% — a wide gap between the promise and the money actually spent on site.

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 76 homes filed with MahaRERA, 42 are sold/booked (39 with registered agreements + 3 booked) and 34 remain available (~55% sold) — selling steadily. Buyers have committed ₹16.60 Cr in agreement value so far. Of that, ₹14.17 Cr (~85%) is already collected, ₹2.43 Cr receivable — a read on how far along these sales really are. Note: the project registers 85 homes in total, but this sold/unsold inventory filing covers only 76 of them — the other 9 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 42 registered agreements, the effective carpet rate is ₹8,882/sqft (typical range ₹7,477–₹11,028) — 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:

FloorUnitCarpetReckoner value
Floor 11148 sqft (13.71 sqm)₹8.45 Lakh
Floor 1101187 sqft (17.39 sqm)₹9.32 Lakh
Floor 1102284 sqft (26.41 sqm)₹14.16 Lakh
Floor 1103217 sqft (20.12 sqm)₹10.78 Lakh
Floor 12190 sqft (17.61 sqm)₹10.85 Lakh
Floor 13190 sqft (17.61 sqm)₹10.85 Lakh
Floor 14210 sqft (19.53 sqm)₹12.03 Lakh
Floor 15210 sqft (19.53 sqm)₹12.03 Lakh
Floor 16190 sqft (17.61 sqm)₹10.85 Lakh
Floor 17190 sqft (17.61 sqm)₹10.85 Lakh
Floor 18163 sqft (15.13 sqm)₹9.32 Lakh
Floor 101002365 sqft (33.9 sqm)₹18.17 Lakh
Floor 101004532 sqft (49.46 sqm)₹26.51 Lakh
Floor 121202365 sqft (33.9 sqm)₹18.17 Lakh
Floor 121203528 sqft (49.06 sqm)₹26.30 Lakh
Floor 131303528 sqft (49.01 sqm)₹26.27 Lakh
Floor 141402365 sqft (33.9 sqm)₹18.17 Lakh
Floor 151503373 sqft (34.61 sqm)₹18.55 Lakh
Floor 171701370 sqft (34.33 sqm)₹18.40 Lakh
Floor 181801370 sqft (34.37 sqm)₹18.42 Lakh
Floor 181802365 sqft (33.9 sqm)₹18.17 Lakh
Floor 181803378 sqft (35.13 sqm)₹18.83 Lakh
Floor 2201217 sqft (20.12 sqm)₹10.78 Lakh
Floor 2202187 sqft (17.39 sqm)₹9.32 Lakh
Floor 2205275 sqft (25.59 sqm)₹13.72 Lakh
Floor 3302370 sqft (34.33 sqm)₹18.40 Lakh
Floor 3304527 sqft (48.94 sqm)₹26.23 Lakh
Floor 5501370 sqft (34.33 sqm)₹18.40 Lakh
Floor 5502370 sqft (34.33 sqm)₹18.40 Lakh
Floor 8802365 sqft (33.9 sqm)₹18.17 Lakh
Floor 9901370 sqft (34.33 sqm)₹18.40 Lakh
Floor 9904532 sqft (49.42 sqm)₹26.49 Lakh
Ground/Floor 01289 sqft (26.83 sqm)₹14.38 Lakh
Ground/Floor 02335 sqft (31.11 sqm)₹16.67 Lakh

⚠ The inventory filing also declares: 9 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+19 and 85 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Sky Avenue Wing A1G+198531 Dec 2023
Sky Avenue Wing B1--31 Dec 2023

Unit mix on the filing: 71 residential and 14 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.

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 202431 Mar 2026We are seeking an extension for the project as the completion date of the project in MAHARERA was 30/12/2024. Due to certain administrative issues, we were unable to apply for the

Location, Land & Connectivity

Located at Waldhuni, Kalyan Badlapur Road, Kalyan, Thane, 421301. Per the filed land record, the plot is bounded to the north by Klayan Badlapur Road And Kalyan Shiv, to the south by Katemanivali shiv and Ganesh Colony, to the east by Om Tower chienese corner and Jalalbaba Chawl and to the west by Manali Apartmenr and Ramdarshan Apartment. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~28 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Powai / Hiranandani business park28 km
Andheri MIDC / SEEPZ31 km
Chhatrapati Shivaji Int'l Airport33 km
Bandra Kurla Complex (BKC)34 km
Lower Parel / Worli business district42 km
Nariman Point / Fort47 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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Major developers building in Kalyan

Other RERA-registered projects in Thane

Sky Avenue
possession by Dec 2029 · Shree Balaji Infradevelopers LLP
SKY Avenue Wing - A AND B
declared completion Sep 2024 · Sevenhill Group
SKY City
possession by Jun 2028 · Sunrise Realtors
SKY Court
declared completion Dec 2022 · JVM Spaces
SKY Galaxy Bldg NO 1
possession by Dec 2026 · Atree Developers
SKY Galaxy Bldg NO 2
possession by Apr 2028 · Atree Developers

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