MahaRERA Property Intelligence · Mumbai Suburban

STATE SECTOR BANK EMPLOYEES CHS LTD KAILAS BUILDING

P51800051152 · BORIVALI WEST · promoter Konark Structural Engineers

Certificate SignedDue 31 Mar 2027

Delivery & Registration

MahaRERA registrationP51800051152
Registered on01 Jun 2023
Promoter-declared completion31 Mar 2027
Current statusCertificate Signed
Against today8 months to 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, Konark Structural Engineers is the promoter of record on 11 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.

Construction Progress

MahaRERA's cost filing puts construction at ~51.5% of the estimated project cost incurred as of the last certificate (₹15.60 Cr spent against a ₹30.26 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.

Sales & Inventory

Of 43 homes filed with MahaRERA, 17 are sold/booked (12 with registered agreements + 5 booked) and 26 remain available (~40% sold) — selling steadily. Buyers have committed ₹27.42 Cr in agreement value so far. Of that, ₹11.92 Cr (~43%) is already collected, ₹15.50 Cr receivable — a read on how far along these sales really are. Note: the project registers 63 homes in total, but this sold/unsold inventory filing covers only 43 of them — the other 20 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 16 registered agreements, the effective carpet rate is ₹19,767/sqft (typical range ₹18,774–₹32,162) — 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 11011,378 sqft (128.01 sqm)₹2.56 Cr
Floor 11021,029 sqft (95.6 sqm)₹1.91 Cr
Floor 101002393 sqft (36.53 sqm)₹58.45 Lakh
Floor 111102391 sqft (36.35 sqm)₹58.13 Lakh
Floor 111103362 sqft (33.65 sqm)₹53.84 Lakh
Floor 121203362 sqft (33.65 sqm)₹53.84 Lakh
Floor 121204769 sqft (71.43 sqm)₹1.14 Cr
Floor 1515011,315 sqft (122.15 sqm)₹1.95 Cr
Floor 1616011,312 sqft (121.89 sqm)₹1.95 Cr
Floor 1717011,315 sqft (122.15 sqm)₹1.95 Cr
Floor 1818011,303 sqft (121.04 sqm)₹1.95 Cr
Floor 1818021,292 sqft (120.04 sqm)₹1.92 Cr
Floor 1919011,368 sqft (127.1 sqm)₹2.03 Cr
Floor 1919021,292 sqft (120.04 sqm)₹1.92 Cr
Floor 22011,379 sqft (128.09 sqm)₹2.56 Cr
Floor 22021,029 sqft (95.6 sqm)₹1.91 Cr
Floor 2020021,292 sqft (120.04 sqm)₹1.92 Cr
Floor 2121011,368 sqft (127.1 sqm)₹2.03 Cr
Floor 2121021,292 sqft (120.04 sqm)₹1.92 Cr
Floor 2222011,368 sqft (127.1 sqm)₹2.03 Cr
Floor 2222021,292 sqft (120.04 sqm)₹1.92 Cr
Floor 4402391 sqft (36.33 sqm)₹58.13 Lakh
Floor 6604763 sqft (70.89 sqm)₹1.13 Cr
Floor 7703362 sqft (33.65 sqm)₹53.84 Lakh
Floor 8803362 sqft (33.65 sqm)₹53.84 Lakh
Ground/Floor 00011,006 sqft (93.47 sqm)₹1.87 Cr

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+20 and 63 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
STATE SECTOR BANK EMPLOYEES CHS LTD KAILAS BUILDING1G+2063-

Unit mix on the filing: 56 residential and 7 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 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 Mar 202530 Sep 2025DUE TO DELAY INAPPROVALS THE PROJECT WAS NOT ABLE TO GET COMPLETED IN TIME. WE WOULD LIKE TO REQUEST YOU TO FURTHER GRANT US EXTENSION FOR 6 MONTHS TILL DATE 30-09-2025
31 Mar 202531 Mar 2026DUE TO DELAY IN APPROVALS THE PROJECT WAS NOT ABLE TO COMPLETE ON TIME
31 Mar 202531 Mar 2027Due to delay in approvals the project was not able to get completd on time.

Location, Land & Connectivity

Located at BORIVALI WEST, S.V.P. ROAD, Borivali, Mumbai Suburban, 400092. Per the filed land record, the plot is bounded to the north by CTS NO 1416, to the south by CTS NO 1418, to the east by CTS NO 1421 and to the west by 18 METER WIDE ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~12 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Andheri MIDC / SEEPZ12 km
Powai / Hiranandani business park15 km
Chhatrapati Shivaji Int'l Airport17 km
Bandra Kurla Complex (BKC)19 km
Lower Parel / Worli business district27 km
Nariman Point / Fort35 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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Builder track record

Konark Structural Engineers Private Limited is the promoter on 9 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

See every Konark Structural Engineers Private Limited project & its RERA track record →

Other flagged projects by Konark Structural Engineers Private Limited

Konark Structural Engineers Private Limited
FlaggedMumbai Suburban
Konark Structural Engineers Private Limited
FlaggedMumbai Suburban
Konark Structural Engineers Private Limited
FlaggedMumbai Suburban
Konark Structural Engineers Private Limited
FlaggedMumbai Suburban
Konark Structural Engineers Private Limited
FlaggedMumbai Suburban
Konark Structural Engineers Private Limited
FlaggedMumbai Suburban

Other RERA-registered projects in Borivali West

Rishabraj Aradhana
possession by Jul 2026 · H Rishabraj Realty
SBI Ragvihar CHS
possession by Jul 2026 · Tuvin Consultancy LLP
Avyukta Neelkamal
possession by Sep 2026 · Shivoham Associates
Gopal Terrace Co-Operative Housing Society LTD
possession by Sep 2026 · Polo Infra Developers Private Limited
House Of Shreeji Sharan
possession by Sep 2026 · Miles Infra LLP
Sai Signature Spaces
possession by Sep 2026 · Ramachandran Munisawmy Narayan

Major developers building in Borivali West

Other RERA-registered projects in Mumbai Suburban

Stella Residency
declared completion Oct 2022 · Vaibhavlaxmi Builders And Developers
Stella Sapphire A Wing
declared completion Dec 2019 · Vaibhavlaxmi Builders And Developers
Stella Sapphire B Wing
declared completion Dec 2018 · Vaibhavlaxmi Builders And Developers
Stellar
possession by Dec 2028 · Sunny Developers & Realtors
Stellar Heights
possession by Dec 2026 · Starwing Developers Private Limited
Sterling
declared completion Dec 2019 · Tirupati Developars

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