Money Magnum Constructions
MahaRERA Property Intelligence · Thane
P51700002673 · DHOKALI · promoter Money Magnum Constructions
| MahaRERA registration | P51700002673 |
| Registered on | 02 Aug 2017 |
| Promoter-declared completion | 05 May 2026 |
| Current status | Certificate Signed |
| Against today | about 2 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, Money Magnum Constructions is the promoter of record on 21 projects, of which 2 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 ~71.0% of the estimated project cost incurred as of the last certificate (₹17.54 Cr spent against a ₹24.69 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 ~71.0% — 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 69 homes filed with MahaRERA, 64 are sold/booked (62 with registered agreements + 2 booked) and 5 remain available (~93% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹40.86 Cr in agreement value so far. Of that, ₹38.73 Cr (~95%) is already collected, ₹2.13 Cr receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.
What buyers actually paid: across 64 registered agreements, the effective carpet rate is ₹23,001/sqft (typical range ₹20,077–₹27,500) — 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 | KR132 | 1,040 sqft (96.6 sqm) | ₹1.60 Cr |
| Ground/Floor 0 | KR031 | 1,114 sqft (103.46 sqm) | ₹2.33 Cr |
| Ground/Floor 0 | KR032 | 222 sqft (20.64 sqm) | ₹46.53 Lakh |
| Ground/Floor 0 | KR035 | 341 sqft (31.64 sqm) | ₹71.32 Lakh |
| Ground/Floor 0 | KR037 | 355 sqft (32.96 sqm) | ₹74.29 Lakh |
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.
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+1 and 69 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Terraform K - Residences Project I | 1 | G+1 | 69 | - |
Unit mix on the filing: 69 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 declared 23 court cases on this project to MahaRERA. 10 are still pending. 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 |
|---|---|---|---|
| High Court Bombay | 346 | 2011 | For Procurement Of Judgment |
| In The Court Of Civil Judge Senior Division Thane | Special Civil Suit No 709 | 2013 | Closed |
| In The Court Of Civil Judge Senior Division Thane | Special Civil Suit No 710 | 2013 | Closed |
| In The Court Of Civil Judge Senior Division Thane | Special Civil Suit No 711 | 2013 | Closed |
| District Consumer Disputes Redressal Forum Thane | Consumer Complaint No 678 | 2014 | Closed |
| Supreme Court | SLP No 32570 | 2014 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| In The Court Of Civil Judge Senior Division Thane | Special Civil Suit No 435 | 2016 | Closed |
| State Consumer Disputes Redressal Commission Maharashtra | Consumer Complaint No 989 | 2017 | Closed |
| State Consumer Disputes Redressal Commission Maharashtra | Consumer Complaint No 10 | 2018 | Closed |
| National Consumer Forum Delhi | FA/1246/2018 | 2018 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| National Consumer Forum Delhi | FA/909/2018 | 2018 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| National Consumer Forum Delhi | FA/910/2018 | 2018 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| State Consumer Disputes Redressal Commission Maharashtra | Consumer Complaint No 578 | 2018 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| High Court Bombay | 5751 | 2018 | Closed |
| State Consumer Disputes Redressal Commission Maharashtra | Execution on Application No 62/2018 in RBT/CC/17/1461 | 2018 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| State Consumer Disputes Redressal Commission Maharashtra | Execution on Application No 63/2018 in RBT/CC/17/1462 | 2018 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| State Consumer Disputes Redressal Commission Maharashtra | Consumer Complaint No 639 | 2019 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| Additional District And Sessions Judge Thane | 62 | 2020 | As Per Order Of Hon Bom Hc All Proceedings Between The Parties Pending Before Any Judicial Or Non Ju |
| High Court Bombay | 367/2021 and IA No 3120/2021 | 2021 | As Per Order Of Hon Bom Hc All Proceedings Between The Parties Pending Before Any Judicial Or Non Ju |
| Dy District Registrar Co Op Societies | 576 | 2022 | Disposed Of |
| High Court Bombay | St No 23035 | 2023 | Ongoing |
| High Court Bombay | 10350 | 2023 | Pending This Case Is Not Likely To Affect This Current Project Adversely |
| Deputy District Registrar Co Op Societies Thane | 80 | 2024 | Pending |
The promoter has had the MahaRERA completion deadline formally extended 4 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 |
|---|---|---|
| 30 Mar 2025 | 30 Mar 2025 | THE PROMOTERS OF THE COMPANY ARE SEEKING EXTENSION OF THE PROJECT DUE TO FOLLOWING REASONS:- 1. There was stay order by Court of Civil Judge, Thane in Regular Civil Suit c |
| 30 Sep 2023 | 30 Sep 2025 | We hereby apply for an Extension of the project completion timeline for the Real Estate Project “Terraform K – Residences” having project Registration No. P51700002673 for 6 (Six) |
| 30 Sep 2023 | 06 Nov 2025 | Explanation on Part Occupation Certificate issued by Thane Municipal Corporation: The Build No. 21 is comprises of Ground & First Floor as Commercial, 2nd Floor as Service Slab and |
| 30 Sep 2023 | 05 May 2026 | Reason for Extension Application: To change the status of Project from “Laps” to “Active”, we are applying for Extension of Project. We hereby apply for an Extension of the Real |
Located at DHOKALI, KOLSHET ROAD, Kurla, Mumbai Suburban, 400607. Per the filed land record, the plot is bounded to the north by Podium, to the south by Kolshet Road, to the east by Compound Wall shared with Blossom School and to the west by Compound Wall shared with Siddheshwar Garden. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~15 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Powai / Hiranandani business park | 15 km |
| Andheri MIDC / SEEPZ | 16 km |
| Chhatrapati Shivaji Int'l Airport | 20 km |
| Bandra Kurla Complex (BKC) | 22 km |
| Lower Parel / Worli business district | 30 km |
| Nariman Point / Fort | 38 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 Terraform K - Residences?
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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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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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.
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Money Magnum Constructions 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