MahaRERA Property Intelligence · Raigarh

Tower 5, Green Terraces, Godrej City, Panvel

PM1272022500305 · PANVEL · promoter Caroa Properties Llp

Certificate SignedDue 31 May 2033

Delivery & Registration

MahaRERA registrationPM1272022500305
Registered on17 Jul 2025
Promoter-declared completion31 May 2033
Current statusCertificate Signed
Against today82 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, Caroa Properties Llp is the promoter of record on 11 projects, of which none currently 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 ~3.5% of the estimated project cost incurred as of the last certificate (₹11.43 Cr spent against a ₹323.20 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 364 homes filed with MahaRERA, 226 are sold/booked and 138 remain available (~62% sold) — selling steadily. Buyers have committed ₹327.95 Cr in agreement value so far. Of that, ₹76.64 Cr (~23%) is already collected, ₹251.31 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 226 registered agreements, the effective carpet rate is ₹17,892/sqft (typical range ₹17,220–₹18,877) — 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+42 and 364 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Tower 51G+42329-
MLCP Commercial1G+835-

Unit mix on the filing: 329 residential and 35 non-residential (shops/offices).

Complaints & Orders

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.FiledPartiesStatus
CC1250412523/11/2025Jayant Pai vs CAROA PROPERTIES LLPorder passed

Location, Land & Connectivity

Located at PANVEL, OLD MUMBAI-PUNE ROAD, Kurla, Mumbai Suburban, 410221. Per the filed land record, the plot is bounded to the north by Sy. Number – 44/2, 44/3 & 44/1, to the south by Sy. Number – 33/1, 33/2, to the east by Sy. Number – 47, 50/6 and to the west by Sy. Number – 41/1, 42/2, 42/4 & 34/1. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~35 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 park35 km
Bandra Kurla Complex (BKC)36 km
Chhatrapati Shivaji Int'l Airport37 km
Lower Parel / Worli business district38 km
Nariman Point / Fort38 km
Andheri MIDC / SEEPZ39 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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Builder track record

Caroa Properties LLP is the promoter on 11 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

See every Caroa Properties LLP project & its RERA track record →

Other flagged projects by Caroa Properties LLP

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Other RERA-registered projects in Panvel

SAI Deep Residency
possession by Aug 2026 · Not Available
Godrej Golf Side Estate
possession by Sep 2026 · Godrej Hillside Properties Private Limit
The Highlands, Godrej City, Panvel
possession by Sep 2026 · Caroa Properties LLP
Jai Mata Di
possession by Nov 2026 · Vraj Developers
Ashtavinayak Diamond
possession by Dec 2026 · S G Group
Dharti Corner
possession by Dec 2026 · Dharti Buildcon

Major developers building in Panvel

Other RERA-registered projects in Raigarh

Tower 5, The Highlands, Godrej City, Panvel
possession by May 2029 · Caroa Properties LLP
Tower 6, The Highlands, Godrej City, Panvel
possession by Jul 2031 · Caroa Properties LLP
Tower 7, The Highlands, Godrej City, Panvel
possession by Nov 2029 · Caroa Properties LLP
Tower A Mercury, Venus
possession by Dec 2030 · Dreamz Realty
Tower B-Jupiter, Neptune
possession by Dec 2030 · Dreamz Realty
Tower C-Mars,pluto
possession by Dec 2030 · Dreamz Realty

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