DEM Phoenix
MahaRERA Property Intelligence · Mumbai Suburban
P51800024821 · Malad East · promoter Vardhan Associates
| MahaRERA registration | P51800024821 |
| Registered on | 09 Mar 2020 |
| Promoter-declared completion | 30 May 2026 |
| Current status | Certificate Signed |
| Against today | about 2 months past 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, Vardhan Associates is the promoter of record on 18 projects, of which 2 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 ~0.8% of the estimated project cost incurred as of the last certificate (₹14.00 Lakh spent against a ₹17.48 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 ~0.8% — 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.
Of 30 homes filed with MahaRERA, 24 are sold/booked and 6 remain available (~80% sold) — selling steadily. Buyers have committed ₹20.36 Cr in agreement value so far. Of that, ₹17.29 Cr (~85%) is already collected, ₹3.07 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 24 registered agreements, the effective carpet rate is ₹14,911/sqft (typical range ₹13,621–₹17,394) — 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 2 | 201 | 635 sqft (58.97 sqm) | ₹78.09 Lakh |
| Floor 3 | 301 | 635 sqft (58.97 sqm) | ₹78.09 Lakh |
| Floor 7 | 701 | 635 sqft (58.97 sqm) | ₹78.09 Lakh |
| Floor 7 | 703 | 215 sqft (20 sqm) | ₹26.48 Lakh |
| Floor 7 | 704 | 766 sqft (71.16 sqm) | ₹94.23 Lakh |
| Floor 8 | 801 | 635 sqft (58.97 sqm) | ₹78.09 Lakh |
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+24 and 30 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Vardhan Royale | 1 | G+24 | 30 | 30 May 2023 |
Unit mix on the filing: 30 residential.
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
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 |
|---|---|---|
| 30 May 2024 | 29 May 2025 | Promoter has already completed the building and applied of OC, same is likely to be received in 2-3 months. The delay in getting OC is mainly because authorities of Mumbai Municipa |
| 30 May 2024 | 30 May 2026 | Project timeline was significantly affected by nationwide lockdowns, labor migration, and restricted material movement. Certain approvals and completion NOCs experienced unanticip |
Located at Malad East, Pandit Solicitor Road, Mumbai City, Mumbai City, 400097. Per the filed land record, the plot is bounded to the north by existing society building, to the south by existing society building, to the east by 13-40 m wide pandir solicitor road and to the west by existing society building. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~4 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Bandra Kurla Complex (BKC) | 4 km |
| Chhatrapati Shivaji Int'l Airport | 5 km |
| Powai / Hiranandani business park | 6 km |
| Andheri MIDC / SEEPZ | 8 km |
| Lower Parel / Worli business district | 11 km |
| Nariman Point / Fort | 17 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 Vardhan Royale?
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