Krishna Square
MahaRERA Property Intelligence · Thane
P51700009127 · Chakki Naka · promoter Bhagwati Space Conventure
| MahaRERA registration | P51700009127 |
| Registered on | 19 Aug 2017 |
| Promoter-declared completion | 31 Mar 2026 |
| Current status | Certificate Signed |
| Against today | about 4 months past 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, Bhagwati Space Conventure is the promoter of record on 3 projects, of which none currently 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.
Of 270 homes filed with MahaRERA, 254 are sold/booked (252 with registered agreements + 2 booked) and 16 remain available (~94% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹115.04 Cr in agreement value so far. Of that, ₹111.13 Cr (~97%) is already collected, ₹3.91 Cr receivable — a read on how far along these sales really are. Note: the project registers 285 homes in total, but this sold/unsold inventory filing covers only 270 of them — the other 15 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 254 registered agreements, the effective carpet rate is ₹10,812/sqft (typical range ₹8,185–₹14,117) — 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 | O 01 | 87 sqft (8.09 sqm) | ₹6.79 Lakh |
| Floor 1 | O 02 | 274 sqft (25.48 sqm) | ₹21.38 Lakh |
| Floor 1 | O 03 | 470 sqft (43.67 sqm) | ₹36.64 Lakh |
| Floor 1 | O 04 | 370 sqft (34.41 sqm) | ₹28.87 Lakh |
| Floor 12 | 1212 | 444 sqft (41.28 sqm) | ₹30.12 Lakh |
| Floor 2 | O 14 | 501 sqft (46.54 sqm) | ₹1.41 Cr |
| Floor 2 | O 15 | 373 sqft (34.64 sqm) | ₹1.10 Cr |
| Floor 22 | 2201 | 444 sqft (41.28 sqm) | ₹30.12 Lakh |
| Floor 22 | 2205 | 313 sqft (29.07 sqm) | ₹21.21 Lakh |
| Floor 23 | 2302 | 633 sqft (58.82 sqm) | ₹42.92 Lakh |
| Floor 23 | 2303 | 633 sqft (58.82 sqm) | ₹42.92 Lakh |
| Floor 23 | 2306 | 464 sqft (43.07 sqm) | ₹31.42 Lakh |
| Floor 23 | 2307 | 618 sqft (57.46 sqm) | ₹41.92 Lakh |
| Floor 3 | 303 | 336 sqft (31.21 sqm) | ₹22.77 Lakh |
| Floor 3 | 304 | 336 sqft (31.21 sqm) | ₹22.77 Lakh |
| Floor 3 | 305 | 493 sqft (45.81 sqm) | ₹33.42 Lakh |
⚠ The inventory filing also declares: 15 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+26 and 285 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Skylon | 1 | G+26 | 285 | 31 Dec 2022 |
Unit mix on the filing: 238 residential and 47 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
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 2023 | 31 Mar 2026 | We are seeking an extension for the project registration as the Full Occupancy Certificate (OC) has not yet been obtained. The application process for the Full OC is currently unde |
Located at Chakki Naka, Netivali, Kalyan, Thane, 421306. Per the filed land record, the plot is bounded to the north by Fulware and Other Chawl, to the south by Ulhasnagar Puna Link Road, to the east by Mauje Tisgaon Shiv and to the west by 6 Mtr wide Road. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~26 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Powai / Hiranandani business park | 26 km |
| Andheri MIDC / SEEPZ | 29 km |
| Chhatrapati Shivaji Int'l Airport | 31 km |
| Bandra Kurla Complex (BKC) | 32 km |
| Lower Parel / Worli business district | 40 km |
| Nariman Point / Fort | 46 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 SKYLON?
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