USHA RESIDENCY

Delivery & Registration

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.

• Filing progress reports — 9 quarterly progress reports on record since registration, with no current default.

Construction Progress

MahaRERA's cost filing puts construction at ~51.1% of the estimated project cost incurred as of the last certificate (₹72.77 Cr spent against a ₹142.50 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. The declared completion date has already passed while the cost-incurred filing sits at ~51.1% — a wide gap between the promise and the money actually spent on site.

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 959 homes filed with MahaRERA, 927 are sold/booked (822 with registered agreements + 105 booked) and 32 remain available (~97% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹164.91 Cr in agreement value so far. Of that, ₹113.41 Cr (~69%) is already collected, ₹51.61 Cr receivable — a read on how far along these sales really are. Note: the project registers 1020 homes in total, but this sold/unsold inventory filing covers only 959 of them — the other 61 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 927 registered agreements, the effective carpet rate is ₹5,327/sqft (typical range ₹5,327–₹5,848) — 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:

⚠ The inventory filing also declares: 61 reserved. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+14 and 1020 homes are registered across the project.

Unit mix on the filing: 997 residential and 23 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 1 time. Each extension is the regulator letting the finish line move — the clearest evidence of delivery slippage, straight from the record.

Location, Land & Connectivity

Located at BHIWANDI, SURVEY NO 18 HISSA NO 10 NARPOLI, Thane, Thane, 421302. Per the filed land record, the plot is bounded to the north by SURVEY NO 18 HISSA NO 7, to the south by SURVEY NO 18 HISSA NO 11, to the east by 18M WIDE ROAD and to the west by SURVEY NO 18 HISSA NO 7. 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.

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.

Other RERA-registered projects in Bhiwandi

Major developers building in Bhiwandi

Other RERA-registered projects in Thane

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.