Balaji Estate
MahaRERA Property Intelligence · Thane
P51700015636 · OPP. XPERILA MALL, NILJE · promoter Shanti Ratna Group
| MahaRERA registration | P51700015636 |
| Registered on | 15 Mar 2018 |
| Promoter-declared completion | 30 Jun 2026 |
| Current status | Certificate Signed |
| Against today | about 1 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, Shanti Ratna Group is the promoter of record on 109 projects, of which 17 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.
Of 168 homes filed with MahaRERA, 112 are sold/booked (93 with registered agreements + 19 booked) and 56 remain available (~67% sold) — selling steadily. Buyers have committed ₹60.74 Cr in agreement value so far. Of that, ₹47.28 Cr (~78%) is already collected, ₹13.46 Cr receivable — a read on how far along these sales really are. Note: the project registers 308 homes in total, but this sold/unsold inventory filing covers only 168 of them — the other 140 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 112 registered agreements, the effective carpet rate is ₹10,689/sqft (typical range ₹8,955–₹13,380) — 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: 23 reserved and 117 owner/investor-held. 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+30 and 308 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| A WING | 1 | G+30 | 144 | - |
| B WING | 1 | G+30 | 164 | - |
Unit mix on the filing: 278 residential and 30 non-residential (shops/offices).
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 |
|---|---|---|---|
| CC12504046 | 17/11/2025 | MUHAMMAD ARZAAN YADAV vs SHANTI RATNA GROUP | order passed |
The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 Jun 2025 | 30 Jun 2026 | Reason for Delay : Due to the pandemic situation prevailing for almost last 2 years construction activity also affected adversely and partners who are looking after construction ac |
Located at OPP. XPERILA MALL, NILJE, KALYAN SHIL ROAD, Kalyan, Thane, 421204. Per the filed land record, the plot is bounded to the north by KALYAN SHIL ROAD AND MIDE PIPE LINE, to the south by SURVEY NO 196, to the east by KOKAN RAILWAY LINE and to the west by SURVEY NO 196. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~19 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 |
|---|---|
| Powai / Hiranandani business park | 19 km |
| Andheri MIDC / SEEPZ | 22 km |
| Chhatrapati Shivaji Int'l Airport | 24 km |
| Bandra Kurla Complex (BKC) | 24 km |
| Lower Parel / Worli business district | 32 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 THE CENNET?
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
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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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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