Hemant Ramesh Mhatre
MahaRERA Property Intelligence · Palghar
P99000006718 · BEHIND D MART · promoter Hemant Ramesh Mhatre
| MahaRERA registration | P99000006718 |
| Registered on | 16 Aug 2017 |
| Promoter-declared completion | 31 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 months to 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, Hemant Ramesh Mhatre is the promoter of record on 60 projects, of which 11 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.
MahaRERA's cost filing puts construction at ~71.6% of the estimated project cost incurred as of the last certificate (₹36.07 Cr spent against a ₹50.38 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.
Of 134 homes filed with MahaRERA, 119 are sold/booked (117 with registered agreements + 2 booked) and 15 remain available (~89% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹39.87 Cr in agreement value so far. Of that, ₹31.73 Cr (~80%) is already collected, ₹8.14 Cr receivable — a read on how far along these sales really are. Note: the project registers 182 homes in total, but this sold/unsold inventory filing covers only 134 of them — the other 48 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 119 registered agreements, the effective carpet rate is ₹7,340/sqft (typical range ₹5,236–₹9,024) — 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 | 101 | 530 sqft (49.24 sqm) | ₹36.00 Lakh |
| Floor 1 | 101 | 623 sqft (57.84 sqm) | ₹42.00 Lakh |
| Floor 1 | 104 | 394 sqft (36.59 sqm) | ₹27.00 Lakh |
| Floor 1 | 105 | 408 sqft (37.94 sqm) | ₹28.00 Lakh |
| Floor 1 | 106 | 396 sqft (36.76 sqm) | ₹27.00 Lakh |
| Floor 2 | 202 | 531 sqft (49.35 sqm) | ₹35.42 Lakh |
| Floor 2 | 204 | 452 sqft (41.98 sqm) | ₹31.00 Lakh |
| Floor 2 | 204 | 394 sqft (36.59 sqm) | ₹27.00 Lakh |
| Floor 2 | 204 | 409 sqft (37.97 sqm) | ₹28.00 Lakh |
| Floor 2 | 205 | 409 sqft (37.97 sqm) | ₹28.00 Lakh |
| Floor 3 | 303 | 394 sqft (36.59 sqm) | ₹27.00 Lakh |
| Floor 3 | 305 | 409 sqft (37.97 sqm) | ₹28.00 Lakh |
| Floor 4 | 404 | 394 sqft (36.59 sqm) | ₹27.00 Lakh |
| Floor 4 | 404 | 409 sqft (37.97 sqm) | ₹28.00 Lakh |
| Floor 6 | 603 | 394 sqft (36.59 sqm) | ₹28.00 Lakh |
⚠ The inventory filing also declares: 48 not for sale. 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+9 and 182 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| C WING | 1 | G+9 | 28 | - |
| D WING | 1 | G+9 | 42 | - |
| E WING | 1 | G+9 | 28 | - |
| F WING | 1 | G+9 | 42 | - |
| G WING | 1 | G+9 | 42 | - |
Unit mix on the filing: 182 residential.
2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000210372 | 17/03/2022 | NEVILLE K IRANI vs M/S SWASTIK EPITOME DEVELOPERS | order passed |
| CC12400797 | 16/11/2024 | ANIRUDHA ARVIND MHATRE vs Hemant Ramesh Mhatre | order passed |
The promoter has declared 1 court case on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| Civil Court | 220/2023 | 2023 | Ongoing |
The promoter has had the MahaRERA completion deadline formally extended 6 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 Aug 2024 | 30 Dec 2020 | Delay in receiving CC/RDP for above floors (phase - 2). Work could not be completed due to the delay of higher floors |
| 31 Aug 2024 | 31 Mar 2022 | Due to delay in receiving permission and approvals to the said project from the respective competent authority. |
| 31 Aug 2024 | 30 Sep 2022 | The project is delayed due to worldwide Pandemic situation and unforeseen circumstances i.e. non-availability of labour, materials and lack of customer demand occurred |
| 31 Aug 2024 | 31 Aug 2024 | We hereby notify that there has been a delay in completion of the project due to non-availability of labour, materials and lack of customer demand during Covid 19 which has also le |
| 31 Dec 2019 | 31 Oct 2025 | We hereby notify that there has been a delay in completion of the project due to non-availability of labour, materials and lack of customer demand during Covid 19 which has also le |
| 31 Dec 2019 | 31 Dec 2026 | We hereby notify that the project is duly completed except the external amenities which are already in process. Also, we are awaiting for the occupation certificate to be issued fr |
Located at BEHIND D MART, 90 FEET VIRAR NALLASOPARA EAST LINK ROAD, Vasai, Palghar, 401305. Per the filed land record, the plot is bounded to the north by BUILDING NO 1, to the south by 30 M DP ROAD, to the east by 20 M DP ROAD and to the west by 12 M DP ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~37 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 |
|---|---|
| Andheri MIDC / SEEPZ | 37 km |
| Powai / Hiranandani business park | 39 km |
| Chhatrapati Shivaji Int'l Airport | 41 km |
| Bandra Kurla Complex (BKC) | 44 km |
| Lower Parel / Worli business district | 51 km |
| Nariman Point / Fort | 59 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 Swastik Epitome Building 2 Phase I Ground to 7 floors?
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
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Hemant Ramesh Mhatre is the promoter on 2 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).
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