MahaRERA Property Intelligence · Thane

Vaikunth Cluster 1

P51700003535 · Thane West · promoter Pepl Developers Pvt

Certificate SignedDue 30 Dec 2022

Delivery & Registration

MahaRERA registrationP51700003535
Registered on05 Aug 2017
Promoter-declared completion30 Dec 2022
Current statusCertificate Signed
Against todayabout 43 months past 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, Pepl Developers Pvt is the promoter of record on 7 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 ~88.3% of the estimated project cost incurred as of the last certificate (₹302.78 Cr spent against a ₹342.76 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 ~88.3% — 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.

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+38.

BuildingWingsFloorsDeclared completion
Vivaan1G+3830 Dec 2022
Vatsal1G+3830 Dec 2022
Vyom1G+3830 Dec 2022
Town House D1G+1230 Dec 2022
Town House E1G+1230 Dec 2022
Town House F1G+1230 Dec 2022

Complaints & Orders

8 complaints are on the MahaRERA record for this project, with orders passed in 7. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00600000019819331/08/2021Elkan Saphania Moses vs Piramal Estates Pvt. Ltd.order passed
CC00600000019684328/04/2021ABHIJIT A. RAO vs PIRAMAL ESTATE PVT. LTD.order passed
CC00600000019886530/10/2021SUNIL BABAN SHINDE vs PIRAMAL VAIKUNTHorder passed
CC00600000039639724/06/2023Bobby Ittoop Koothur vs Piramal Estates Private Limitedpending / no order on file
CC00600000042943627/02/2024PIRAMAL ESTATES PRIVATE LIMITED vs SUDHAKAR DATTATRAY CHIPLUNKARorder passed
CC00600000042943827/02/2024PIRAMAL ESTATES PRIVATE LIMITED vs SUDHAKAR DATTATRAY CHIPLUNKARorder passed
CC00600000048010516/04/2024PIRAMAL ESTATES PRIVATE LIMITED vs Manju Ashok Chandnaniorder passed
CC1250018620/01/2025Manju Ashok Chandnani vs Piramal Estate Private Limitedorder passed

Legal & Litigation

The promoter has declared 4 court cases 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.

CourtCase no.YearStatus
High Court Mumbai832015Ongoing
Before The Minister For Revenue And ForestRTS 2717 27 PRA KA 1 J-42016Ongoing
State Consumer Disputes Redressal Forum12272017Disposed Off
Before Sdo At Thane552023Ongoing

Location, Land & Connectivity

Located at Thane West, Balkum Road, Mumbai City, Mumbai City, 400608. Per the filed land record, the plot is bounded to the north by N 210420 E 19240 N 228199 E 66586, to the south by N 91427 E 105153 N 88051 E 96647, to the east by N 148765 E 101067 and to the west by N 166046 E 31609. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~11 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Powai / Hiranandani business park11 km
Andheri MIDC / SEEPZ13 km
Chhatrapati Shivaji Int'l Airport16 km
Bandra Kurla Complex (BKC)17 km
Lower Parel / Worli business district26 km
Nariman Point / Fort33 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 →

Free · Watch this project

We'll email you when this project's RERA record changes.

Something went wrong — email hello@quietlist.in.

✓ You're watching — we'll email you if the RERA record changes.

Builder track record

Pepl Developers Pvt Ltd is the promoter on 6 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).

Other flagged projects by Pepl Developers Pvt Ltd

Pepl Developers Pvt Ltd
FlaggedThane
Pepl Developers Pvt Ltd
FlaggedThane
Pepl Developers Pvt Ltd
FlaggedThane
Pepl Developers Pvt Ltd
FlaggedThane
Pepl Developers Pvt Ltd
FlaggedThane

Other RERA-registered projects in Balkum

Dosti West County - Dosti Tulip
possession by Oct 2026 · Dosti Enterprises
Highland Springs B4 D Wing
possession by Dec 2026 · Siddhi Real Estate Developers
Mahavir Bliss
possession by Dec 2026 · M/s. Shivshakti Engineers
Shraddha Peninsula
possession by Dec 2026 · Padmagriha Heights
Sumeet Elite
possession by May 2027 · Vedant Construction
Dosti West County - Dosti Nest - Phase 1
possession by Jun 2027 · Dosti Enterprises

Major developers building in Balkum

Other RERA-registered projects in Thane

Vaikunth Cluster 2
declared completion Dec 2024 · Pepl Developers Pvt Ltd
Vaikunth Cluster 3 T1
possession by Jun 2027 · Pepl Developers Pvt Ltd
Vaikunth Cluster 3 Tower 2
possession by Jun 2027 · Pepl Developers Pvt Ltd
Vaikunth Cluster 4
declared completion Dec 2023 · Pepl Developers Pvt Ltd
Vaikunth Cluster 4A
declared completion Jul 2024 · Pepl Developers Pvt Ltd
Vaishali Govind
declared completion Nov 2024 · Vaishali-Govind Developers LLP

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