Prajyot Devasthal
MahaRERA Property Intelligence · Raigarh
P52000047796 · Dhokawade · promoter Rajesh Mavillakandy Bhaskaran
| MahaRERA registration | P52000047796 |
| Registered on | 28 Nov 2022 |
| Promoter-declared completion | 31 Oct 2025 |
| Current status | Certificate Signed |
| Against today | about 9 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.
MahaRERA's cost filing puts construction at ~99.5% of the estimated project cost incurred as of the last certificate (₹37.31 Cr spent against a ₹37.50 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.
Of 24 homes filed with MahaRERA, 9 are sold/booked and 15 remain available (~38% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹31.29 Cr in agreement value so far. Of that, ₹29.65 Cr (~95%) is already collected, ₹1.64 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 9 registered agreements, the effective carpet rate is ₹15,752/sqft (typical range ₹12,699–₹18,484) — 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 | 101 | 2,683 sqft (249.26 sqm) | ₹1.10 Cr |
| Floor 1 | 102 | 2,683 sqft (249.26 sqm) | ₹1.10 Cr |
| Floor 12 | 1201 | 2,223 sqft (206.57 sqm) | ₹91.51 Lakh |
| Floor 12 | 1202 | 2,213 sqft (205.57 sqm) | ₹91.07 Lakh |
| Floor 13 | 1301 | 2,222 sqft (206.42 sqm) | ₹91.45 Lakh |
| Floor 13 | 1302 | 2,222 sqft (206.42 sqm) | ₹91.45 Lakh |
| Floor 2 | 201 | 2,213 sqft (205.57 sqm) | ₹91.07 Lakh |
| Floor 2 | 202 | 2,223 sqft (206.57 sqm) | ₹91.51 Lakh |
| Floor 3 | 301 | 2,222 sqft (206.42 sqm) | ₹91.45 Lakh |
| Floor 3 | 302 | 2,222 sqft (206.42 sqm) | ₹91.45 Lakh |
| Floor 4 | 401 | 2,223 sqft (206.57 sqm) | ₹91.51 Lakh |
| Floor 4 | 402 | 2,213 sqft (205.57 sqm) | ₹91.07 Lakh |
| Floor 7 | 701 | 2,222 sqft (206.42 sqm) | ₹91.45 Lakh |
| Floor 7 | 702 | 2,222 sqft (206.42 sqm) | ₹91.45 Lakh |
| Floor 8 | 801 | 2,223 sqft (206.57 sqm) | ₹91.51 Lakh |
⚠ The inventory filing also declares: 2 reserved. 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+36 and 26 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| The WaterFront | 1 | G+36 | 26 | - |
Unit mix on the filing: 26 residential.
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 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 |
|---|---|---|
| 30 Jun 2024 | 30 Jun 2025 | While applying for our RERA registration in 2022 we had not envisaged the severe monsoon of 2023 which has left us lagging behind by a few months. The next monsoon of 2024 is upon |
| 30 Jun 2024 | 31 Oct 2025 | 1. The building is complete in all respects and is ready for occupation. We attach the latest photographs of the same. 2. The firefighting equipment has been installed. Testing is |
Located at Dhokawade, Dhokawade village road, Alibag, Raigarh, 402201. Per the filed land record, the plot is bounded to the north by 25 3, to the south by 702, to the east by 25 5 and to the west by village road. 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.
🔒 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 WaterFront?
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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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