Pepl Developers Pvt Ltd
MahaRERA Property Intelligence · Thane
P51700024023 · Thane · promoter Pepl Developers Pvt
| MahaRERA registration | P51700024023 |
| Registered on | 14 Jan 2020 |
| Promoter-declared completion | 30 Jun 2027 |
| Current status | Certificate Signed |
| Against today | 11 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, 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.
MahaRERA's cost filing puts construction at ~74.0% of the estimated project cost incurred as of the last certificate (₹208.87 Cr spent against a ₹282.27 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 557 homes filed with MahaRERA, 499 are sold/booked (481 with registered agreements + 18 booked) and 58 remain available (~90% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹358.09 Cr in agreement value so far. Of that, ₹306.56 Cr (~86%) is already collected, ₹51.53 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 499 registered agreements, the effective carpet rate is ₹15,841/sqft (typical range ₹13,709–₹18,821) — 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.
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+45 and 557 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Vidya | 1 | G+45 | 557 | - |
Unit mix on the filing: 557 residential.
8 complaints are on the MahaRERA record for this project, with orders passed in 8. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000196333 | 11/03/2021 | RAJESH ANKUSH GAWDE vs Piramal Estates Pvt. Ltd. | order passed |
| CC006000000198818 | 29/10/2021 | K Vijay Babu vs Piramal Estate Private Limited | order passed |
| CC006000000251621 | 26/06/2022 | Srisa Chandrica Raghava Rao vs Piramal Estate Private Limited | order passed |
| CC006000000251624 | 26/06/2022 | Srisa Chandrica Raghava Rao vs Piramal Estate Private Limited | order passed |
| CC12400088 | 13/09/2024 | Snehal Sharad Bhivate vs Piramal Estate Private Limited | order passed |
| CC12401072 | 09/12/2024 | HITENDRAKUMAR BHAICHANDBHAI PNCHAL vs Piramal Estate Private Limited | order passed |
| CC12502588 | 27/07/2025 | Tushar Dnyandeo Jagdale vs Piramal Estate Private Limited | order passed |
| CC12600680 | 05/02/2026 | PEPL Developers Pvt Ltd vs Sabiya Haji Rehman | order passed |
The promoter has declared 8 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.
| Court | Case no. | Year | Status |
|---|---|---|---|
| High Court Mumbai | 83 | 2015 | Ongoing |
| Before The Minister For Revenue And Forest | RTS 2717 27 PRA KA 1 J 4 | 2016 | Ongoing |
| District Consumer Redressal Forum Mumbai | 151 | 2021 | Closed |
| Additional District Consumer Dispute Redressal Commission Belapur | 25 | 2021 | Closed |
| District Consumer Redressal Forum | 460 | 2021 | Closed |
| District Consumer Redressal Forum Mumbai | 169 | 2022 | Closed |
| Before Sdo At Thane | 55 | 2023 | Closed |
| Before Tahasildar | 70 | 2023 | Ongoing |
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.
| From (declared) | To (revised) | Stated reason |
|---|---|---|
| 30 Jun 2026 | 30 Jun 2027 | 1. The delay was occasioned due to the unavoidable and mandatory revision of the sanctioned plans arising from site specific constraints and compulsory compliance with statutory ca |
Located at Thane , Balkum road, Mumbai City, Mumbai City, 400607. Per the filed land record, the plot is bounded to the north by N32176 E297592, to the south by N241987 E4137, to the east by N258085 E47010 and to the west by N274262 E7982. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~11 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Powai / Hiranandani business park | 11 km |
| Andheri MIDC / SEEPZ | 13 km |
| Chhatrapati Shivaji Int'l Airport | 16 km |
| Bandra Kurla Complex (BKC) | 17 km |
| Lower Parel / Worli business district | 26 km |
| Nariman Point / Fort | 33 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.
🔒 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 Vaikunth Cluster 3 T1?
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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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).
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