MahaRERA Property Intelligence · Raigarh

THE OLYMPIA

P52000076669 · PANVEL WEST · promoter Kalpana Struct Con

Certificate SignedDue 31 Dec 2028

Delivery & Registration

MahaRERA registrationP52000076669
Registered on20 Jun 2024
Promoter-declared completion31 Dec 2028
Current statusCertificate Signed
Against today29 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, Kalpana Struct Con is the promoter of record on 16 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.

Construction Progress

MahaRERA's cost filing puts construction at ~69.8% of the estimated project cost incurred as of the last certificate (₹32.44 Cr spent against a ₹46.50 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 150 homes filed with MahaRERA, 84 are sold/booked and 66 remain available (~56% sold) — selling steadily. Buyers have committed ₹83.33 Cr in agreement value so far. Of that, ₹64.86 Cr (~78%) is already collected, ₹18.46 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 84 registered agreements, the effective carpet rate is ₹15,191/sqft (typical range ₹12,076–₹16,845) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

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.

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+13 and 56 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
THE OLYMPIA2G+1356-

Unit mix on the filing: 114 residential and 36 non-residential (shops/offices).

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Location, Land & Connectivity

Located at PANVEL WEST, SECTOR 16, Thane, Thane, 410206. Per the filed land record, the plot is bounded to the north by 45 M WIDE ROAD, to the south by OPEN LAND, to the east by 6G and to the west by 6A. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~25 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 park25 km
Bandra Kurla Complex (BKC)26 km
Chhatrapati Shivaji Int'l Airport27 km
Andheri MIDC / SEEPZ29 km
Lower Parel / Worli business district29 km
Nariman Point / Fort31 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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Other RERA-registered projects in Panvel

Ambaji Residency
possession by Jul 2026 · Vishal Tukaram Patil
Bayview
possession by Jul 2026 · Skyline Realbuild LLP
Delta Heights
possession by Jul 2026 · Shreenathji Organisers Pvt. Ltd.
Micron Residency
possession by Jul 2026 · Micron Infra
Shree Mahadev Residency
possession by Jul 2026 · SK Developers
Aishwarya Cooperative Housing Society
possession by Aug 2026 · Royal Enterprises

Major developers building in Panvel

Other RERA-registered projects in Raigarh

THE Onyx
declared completion Jun 2023 · Kashinath Shantaram Patil
THE Orbis
possession by Jun 2028 · Shikhar Enterprises
THE Orchid
declared completion May 2026 · Signature Realty
THE Palm OAK
declared completion Dec 2024 · Gajora Infra
The Pearl Park
declared completion Dec 2020 · Liyakat Anwar Hafiz
THE Retreat Durshet 1st Phase
possession by Mar 2027 · Bricks Infrastructure

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