Hemant Ramesh Mhatre
MahaRERA Property Intelligence · Palghar
P99000012158 · BEHIND D MART · promoter Hemant Ramesh Mhatre
| MahaRERA registration | P99000012158 |
| Registered on | 01 Sep 2017 |
| Promoter-declared completion | 31 Dec 2025 |
| Current status | Certificate Signed |
| Against today | about 7 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, 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 ~71.2% of the estimated project cost incurred as of the last certificate (₹35.86 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. The declared completion date has already passed while the cost-incurred filing sits at ~71.2% — 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.
Of 157 homes filed with MahaRERA, 121 are sold/booked (119 with registered agreements + 2 booked) and 36 remain available (~77% sold) — selling steadily. Buyers have committed ₹35.05 Cr in agreement value so far. Of that, ₹27.67 Cr (~79%) is already collected, ₹7.38 Cr receivable — a read on how far along these sales really are. Note: the project registers 172 homes in total, but this sold/unsold inventory filing covers only 157 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 121 registered agreements, the effective carpet rate is ₹5,817/sqft (typical range ₹5,539–₹7,568) — 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 10 | 1001 | 402 sqft (37.33 sqm) | ₹29.00 Lakh |
| Floor 10 | 1002 | 474 sqft (44.07 sqm) | ₹34.00 Lakh |
| Floor 10 | 1003 | 400 sqft (37.19 sqm) | ₹29.00 Lakh |
| Floor 10 | 1004 | 500 sqft (46.41 sqm) | ₹35.00 Lakh |
| Floor 10 | 1004 | 452 sqft (41.98 sqm) | ₹32.00 Lakh |
| Floor 10 | 1005 | 409 sqft (37.97 sqm) | ₹29.00 Lakh |
| Floor 10 | 1006 | 469 sqft (43.53 sqm) | ₹33.00 Lakh |
| Floor 11 | 1103 | 394 sqft (36.59 sqm) | ₹29.00 Lakh |
| Floor 11 | 1104 | 452 sqft (41.98 sqm) | ₹33.00 Lakh |
| Floor 11 | 1106 | 469 sqft (43.53 sqm) | ₹34.00 Lakh |
| Floor 12 | 1201 | 469 sqft (43.53 sqm) | ₹34.00 Lakh |
| Floor 12 | 1201 | 596 sqft (55.39 sqm) | ₹43.00 Lakh |
| Floor 12 | 1201 | 402 sqft (37.33 sqm) | ₹29.00 Lakh |
| Floor 12 | 1202 | 400 sqft (37.19 sqm) | ₹29.00 Lakh |
| Floor 12 | 1203 | 452 sqft (41.98 sqm) | ₹33.00 Lakh |
| Floor 12 | 1203 | 394 sqft (36.59 sqm) | ₹29.00 Lakh |
| Floor 12 | 1204 | 500 sqft (46.41 sqm) | ₹36.00 Lakh |
| Floor 12 | 1204 | 452 sqft (41.98 sqm) | ₹33.00 Lakh |
| Floor 12 | 1204 | 409 sqft (37.97 sqm) | ₹3.00 Lakh |
| Floor 12 | 1205 | 409 sqft (37.97 sqm) | ₹30.00 Lakh |
| Floor 13 | 1304 | 500 sqft (46.41 sqm) | ₹36.00 Lakh |
| Floor 14 | 1401 | 396 sqft (36.76 sqm) | ₹29.00 Lakh |
| Floor 14 | 1402 | 400 sqft (37.19 sqm) | ₹29.00 Lakh |
| Floor 14 | 1403 | 400 sqft (37.19 sqm) | ₹29.00 Lakh |
| Floor 14 | 1403 | 452 sqft (41.98 sqm) | ₹33.00 Lakh |
| Floor 14 | 1404 | 452 sqft (41.98 sqm) | ₹33.00 Lakh |
| Floor 14 | 1404 | 596 sqft (55.39 sqm) | ₹43.00 Lakh |
| Floor 14 | 1404 | 394 sqft (36.59 sqm) | ₹29.00 Lakh |
| Floor 14 | 1405 | 408 sqft (37.94 sqm) | ₹30.00 Lakh |
| Floor 14 | 1406 | 623 sqft (57.84 sqm) | ₹45.00 Lakh |
| Floor 14 | 1406 | 469 sqft (43.53 sqm) | ₹34.00 Lakh |
| Floor 8 | 801 | 469 sqft (43.53 sqm) | ₹33.00 Lakh |
| Floor 8 | 803 | 400 sqft (37.19 sqm) | ₹29.00 Lakh |
| Floor 8 | 804 | 500 sqft (46.41 sqm) | ₹35.00 Lakh |
| Floor 9 | 902 | 474 sqft (44.07 sqm) | ₹34.00 Lakh |
| Floor 9 | 906 | 469 sqft (43.53 sqm) | ₹33.00 Lakh |
⚠ The inventory filing also declares: 2 owner/investor-held and 13 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+8 and 172 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| C WING | 1 | G+8 | 26 | - |
| D WING | 1 | G+8 | 40 | - |
| E WING | 1 | G+8 | 26 | - |
| F WING | 1 | G+8 | 40 | - |
| G WING | 1 | G+8 | 40 | - |
Unit mix on the filing: 172 residential.
1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000396390 | 22/06/2023 | Ashok Suresh Deshmukh vs Deepak Shah | 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 5 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 Oct 2024 | 31 Aug 2022 | Project has been delayed due to the pandemic which has led to lack of availability of resources, labour and finance. |
| 31 Oct 2024 | 31 Aug 2023 | The project is delayed due to worldwide Pandemic situation which led to financial crisis. Also, due to the unforeseen circumstances i.e. non- availability of labour, materials and |
| 31 Oct 2024 | 31 May 2021 | Due to delay in receiving the permission and approvals for the said project from the respective competent authority. |
| 31 Oct 2024 | 31 Oct 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 |
| 30 Dec 2020 | 31 Dec 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 led to |
Located at BEHIND D MART, 90 FEET VIRAR NALLASOPARA 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 ~36 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 | 36 km |
| Powai / Hiranandani business park | 38 km |
| Chhatrapati Shivaji Int'l Airport | 40 km |
| Bandra Kurla Complex (BKC) | 43 km |
| Lower Parel / Worli business district | 50 km |
| Nariman Point / Fort | 58 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 II 8 to 14 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
The regulator’s filing record, read · 1 working day
Scan with any UPI app to pay · quietlist@kotak
Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
Not useful to your decision? Full refund — no questions asked.
Scan with any UPI app to pay · quietlist@kotak
Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
Free · Watch this project
We'll email you when this project's RERA record changes.
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