The Wave
MahaRERA Property Intelligence · Mumbai Suburban
P51800050617 · Bandra West · promoter Orbit Developers
| MahaRERA registration | P51800050617 |
| Registered on | 21 Apr 2023 |
| Promoter-declared completion | 31 Aug 2026 |
| Current status | Certificate Signed |
| Against today | 1 months to 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, Orbit Developers is the promoter of record on 15 projects, of which 1 carries 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 ~85.5% of the estimated project cost incurred as of the last certificate (₹70.73 Cr spent against a ₹82.70 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 72 homes filed with MahaRERA, 52 are sold/booked (50 with registered agreements + 2 booked) and 20 remain available (~72% sold) — selling steadily. Buyers have committed ₹254.12 Cr in agreement value so far. Of that, ₹208.28 Cr (~82%) is already collected, ₹48.48 Cr receivable — a read on how far along these sales really are. Note: the project registers 136 homes in total, but this sold/unsold inventory filing covers only 72 of them — the other 64 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 52 registered agreements, the effective carpet rate is ₹41,902/sqft (typical range ₹37,731–₹50,008) — 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 10 | 1001 | 1,042 sqft (96.82 sqm) | ₹3.01 Cr |
| Floor 12 | 1204 | 687 sqft (63.78 sqm) | ₹1.98 Cr |
| Floor 12 | 1207 | 1,305 sqft (121.28 sqm) | ₹3.77 Cr |
| Floor 13 | 1301 | 1,089 sqft (101.16 sqm) | ₹3.14 Cr |
| Floor 13 | 1302 | 2,545 sqft (236.43 sqm) | ₹7.34 Cr |
| Floor 13 | 1302A | 1,693 sqft (157.28 sqm) | ₹4.88 Cr |
| Floor 14 | 1401 | 989 sqft (91.92 sqm) | ₹2.85 Cr |
| Floor 19 | 1903 | 2,801 sqft (260.21 sqm) | ₹8.08 Cr |
| Floor 19 | 1904 | 747 sqft (69.43 sqm) | ₹2.16 Cr |
| Floor 2 | 201 | 5,844 sqft (542.92 sqm) | ₹17.15 Cr |
| Floor 3 | 303 | 5,261 sqft (488.75 sqm) | ₹15.18 Cr |
| Floor 4 | 401 | 1,082 sqft (100.51 sqm) | ₹3.12 Cr |
| Floor 4 | 406 | 477 sqft (44.35 sqm) | ₹1.38 Cr |
| Floor 5 | 501 | 1,074 sqft (99.81 sqm) | ₹3.10 Cr |
| Floor 6 | 601 | 1,068 sqft (99.26 sqm) | ₹3.08 Cr |
| Floor 6 | 603 | 604 sqft (56.13 sqm) | ₹1.74 Cr |
| Floor 7 | 701 | 1,063 sqft (98.74 sqm) | ₹3.07 Cr |
| Floor 8 | 801 | 1,092 sqft (101.44 sqm) | ₹3.15 Cr |
| Floor 8 | 807 | 1,305 sqft (121.28 sqm) | ₹3.77 Cr |
| Floor 9 | 906 | 1,408 sqft (130.79 sqm) | ₹4.06 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.
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+6 and 136 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| The Waterfront | 1 | G+6 | 136 | - |
Unit mix on the filing: 136 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 |
|---|---|---|---|
| CC006000000500668 | 02/06/2024 | Devang Dave vs Rajen Dhruv | order passed |
The promoter has declared 1 court case on this project to MahaRERA. 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 Mumbai | 106 | 2021 | Consent Terms Filed |
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 Aug 2025 | 30 Apr 2026 | With reference to the said subject matter, I/We hereby inform yourselves that the Approvals for the sald project from B.M.C. and further C. C. got delayed. We had to take revised c |
| 31 Aug 2025 | 31 Aug 2026 | Subject: Submission of Technical Reasons for Delay in Completion of the Project "The Waterfront" Maha RERA Reg. No. P51800050617 Respected Sir. We, M's Orbit Developers, are the p |
Located at Bandra West, Turner Road, Andheri, Mumbai Suburban, 400050. Per the filed land record, the plot is bounded to the north by F-1237, to the south by Talao, to the east by F-1239 and to the west by F-1230A. 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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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