MahaRERA Property Intelligence · Thane

Swaminarayan City Phase I

P51700018305 · Mothagaon, Thakurli · promoter Swaminarayan Life Space

Certificate SignedDue 30 Dec 2027

Delivery & Registration

MahaRERA registrationP51700018305
Registered on23 Oct 2018
Promoter-declared completion30 Dec 2027
Current statusCertificate Signed
Against today17 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, Swaminarayan Life Space is the promoter of record on 8 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 ~100.0% of the estimated project cost incurred as of the last certificate (₹139.37 Cr spent against a ₹139.37 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 577 homes filed with MahaRERA, 468 are sold/booked (461 with registered agreements + 7 booked) and 109 remain available (~81% sold) — selling steadily. Buyers have committed ₹247.42 Cr in agreement value so far. Of that, ₹218.40 Cr (~88%) is already collected, ₹29.02 Cr receivable — a read on how far along these sales really are. Note: the project registers 583 homes in total, but this sold/unsold inventory filing covers only 577 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 468 registered agreements, the effective carpet rate is ₹11,751/sqft (typical range ₹8,825–₹13,501) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

⚠ The inventory filing also declares: 6 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+28 and 583 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
ATHENA1G+28195-
ALMADA1G+28193-
AVEIRO1G+28195-

Unit mix on the filing: 537 residential and 46 non-residential (shops/offices).

Complaints & Orders

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.FiledPartiesStatus
CC1260268208/05/2026RAVI ARVIND JAIN vs Swaminarayan Life Space LLPpending / no order on file

Location, Land & Connectivity

Located at Mothagaon, Thakurli, Reti Bunder Road, Kalyan, Thane, 421202. Per the filed land record, the plot is bounded to the north by S No 61 H No 78 79 82, to the south by S No 61 H No 22 55 56, to the east by S No 61 H No 12 13 and to the west by S No 61 H No 59 60. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~21 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 park21 km
Andheri MIDC / SEEPZ24 km
Chhatrapati Shivaji Int'l Airport27 km
Bandra Kurla Complex (BKC)28 km
Lower Parel / Worli business district36 km
Nariman Point / Fort43 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

Swaminarayan Life Space LLP is the promoter on 5 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).

Other flagged projects by Swaminarayan Life Space LLP

Swaminarayan Life Space LLP
FlaggedThane
Swaminarayan Life Space LLP
FlaggedThane
Swaminarayan Life Space LLP
FlaggedThane
Swaminarayan Life Space LLP
FlaggedThane

Other RERA-registered projects in Palava

Evaan
possession by Jul 2026 · Impressions NXT
Saraswati Devi Krupa
possession by Jul 2026 · Yogiraj Heritage
JAI Malhar Plaza
possession by Aug 2026 · Swaminarayan Residency
Amar Elegance
possession by Sep 2026 · Amar Realty
Purva Prime
possession by Sep 2026 · Trimurti Constructions
Anant AND Radhika Heights
possession by Dec 2026 · Ashapura Construction CO

Major developers building in Palava

Other RERA-registered projects in Thane

Swamini
declared completion Jun 2022 · Shiv Enterprises
Swanand Bliss
declared completion Dec 2022 · M/S Nityanand Realtors
Swanand Bliss Phase - II
declared completion Jun 2025 · M/S Nityanand Realtors
Swanand Heights
declared completion May 2025 · Swanand Construction CO
Swanand Niwas CO OP Housing Society LTD
possession by Dec 2029 · Kasturi Life Space
Swanand Tarang
declared completion Dec 2021 · M/S Omkar Realtors

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