MahaRERA Property Intelligence · Mumbai Suburban

The Palladium

P51800031821 · Kondivita Village · promoter Fortune Reality

Certificate SignedDue 31 Dec 2027

Delivery & Registration

MahaRERA registrationP51800031821
Registered on12 Nov 2021
Promoter-declared completion31 Dec 2027
Current statusCertificate Signed
Against today17 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, Fortune Reality is the promoter of record on 119 projects, of which 13 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 ~18.9% of the estimated project cost incurred as of the last certificate (₹9.96 Cr spent against a ₹52.72 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 20 homes filed with MahaRERA, 15 are sold/booked and 5 remain available (~75% sold) — selling steadily. Buyers have committed ₹53.18 Cr in agreement value so far. Of that, ₹43.93 Cr (~83%) is already collected, ₹9.25 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 15 registered agreements, the effective carpet rate is ₹12,281/sqft (typical range ₹6,204–₹21,718) — 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:

FloorUnitCarpetReckoner value
Floor 55032,830 sqft (262.9 sqm)₹5.26 Cr
Floor 55112,588 sqft (240.4 sqm)₹4.81 Cr
Floor 66014,300 sqft (399.44 sqm)₹8.00 Cr
Floor 66025,118 sqft (475.45 sqm)₹9.52 Cr
Ground/Floor 027,055 sqft (655.39 sqm)₹13.12 Cr

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+8 and 20 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
The Palladium1G+82031 Dec 2022

Unit mix on the filing: 20 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.

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 2 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 Dec 202231 Dec 2025that the completion work of the said project has been delayed due to certain mitigating circumstances. I further state that the promoter of the said project is desirous of completi
31 Dec 202231 Dec 2027that the completion work of the said project has been delayed due to certain mitigating circumstances. I further state that the promoter of the said project is desirous of completi

Location, Land & Connectivity

Located at Kondivita Village, Ramkrishna Mandir Marg, Mumbai City, Mumbai City, 400059. Per the filed land record, the plot is bounded to the north by Shanti Niketan Co-op Hsg Soc, to the south by Jacobs Engineering, to the east by Marol Pipeline and to the west by Emerald Court Co-op Hsg Soc. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

🔒 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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LA Grace
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Park Royale Phase III
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Major developers building in Andheri East

Other RERA-registered projects in Mumbai Suburban

THE Palms
declared completion Dec 2025 · Tanishq Builders
THE Panorama BY Rustomjee
possession by Oct 2028 · Keyorbit Realtors Private Limited
THE Park Residences Phase-I
declared completion Jul 2025 · Devland Infracon Pvt. Ltd.
THE Pearl - Borivali Rajmani CHS LTD
declared completion Nov 2025 · Prime Smile JV
The Pinnacle
declared completion Dec 2019 · Gerarie Enterprises AND Developers Pvt.
THE Platina
possession by Dec 2028 · Tanvi Construction PVT LTD

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