MahaRERA Property Intelligence · Mumbai Suburban

Veridian at Emerald Isle 12A and 12B

P51800031441 · Powai · promoter Larsen Toubro Ltd

Certificate SignedDue 31 Jul 2025

Delivery & Registration

MahaRERA registrationP51800031441
Registered on23 Oct 2021
Promoter-declared completion31 Jul 2025
Current statusCertificate Signed
Against todayabout 12 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, Larsen Toubro Ltd is the promoter of record on 30 projects, of which 1 carries 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 ~96.1% of the estimated project cost incurred as of the last certificate (₹102.00 Cr spent against a ₹106.17 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 152 homes filed with MahaRERA, 149 are sold/booked and 3 remain available (~98% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹325.72 Cr in agreement value so far. Of that, ₹265.73 Cr (~82%) is already collected, ₹60.00 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 149 registered agreements, the effective carpet rate is ₹32,038/sqft (typical range ₹29,506–₹34,344) — 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:

FloorUnitCarpetReckoner value
Floor 1104951 sqft (88.39 sqm)₹1.81 Cr
StiltS003827 sqft (76.83 sqm)₹1.57 Cr
StiltS004827 sqft (76.83 sqm)₹1.57 Cr

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+21 and 152 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Veridian at Emerald Isle 12A1G+2176-
Veridian at Emerald Isle 12B1G+2176-

Unit mix on the filing: 152 residential.

Complaints & Orders

5 complaints are on the MahaRERA record for this project, with orders passed in 0. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC1260158822/03/2026Bhushan Wankhede vs Larsen & Toubro Ltd. (Realty Division)pending / no order on file
CC1260261605/05/2026Deepak Yadav vs Larsen & Toubro Ltd. (Realty Division)pending / no order on file
CC1260416403/07/2026Priyanka Joshi vs Larsen & Toubro Ltd. (Realty Division)pending / no order on file
CC1260295919/05/2026POOJA GUPTA vs Larsen & Toubro Ltd. (Realty Division)pending / no order on file
CC1260394725/06/2026Sheetal Sarda vs Larsen & Toubro Ltd. (Realty Division)pending / no order on file

Legal & Litigation

The promoter has declared 3 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 Of Judicature At Bombay2755/20112011For Framing Of Issues
High Court Of Judicature At Bombay2593/20122012For Framing Of Issues
High Court Of Judicature At Bombay2755 of 20112011Ongoing

Location, Land & Connectivity

Located at Powai, Saki Vihar Road, Mumbai City, Mumbai City, 400072. Per the filed land record, the plot is bounded to the north by T10 at 57m, to the south by Plot Boundary at 19m, to the east by 12C at 30cm and to the west by Nirali Health Centre at 72m. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~1 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Powai / Hiranandani business park1 km
Andheri MIDC / SEEPZ2 km
Chhatrapati Shivaji Int'l Airport5 km
Bandra Kurla Complex (BKC)7 km
Lower Parel / Worli business district15 km
Nariman Point / Fort23 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

Larsen & Toubro Ltd. is the promoter on 25 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 Larsen & Toubro Ltd. project & its RERA track record →

Other flagged projects by Larsen & Toubro Ltd.

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Larsen & Toubro Ltd.
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Larsen & Toubro Ltd.
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Other RERA-registered projects in Powai

Godrej Urban Park
possession by Sep 2026 · Godrej Properties Limited
55 Corporate Avenue Building NO 2
possession by Dec 2026 · THE Cannonade Construction Company PVT L
Ibis At L And T Realty Elixir Reserve
possession by Dec 2026 · Larsen & Toubro Ltd.
Leo Heights
Not filing quarterly progress reports · possession by Dec 2026 · Sir George P Joseph
Somani 72 East
possession by Dec 2026 · Nircon Developers PVT LTD
72 Marina - Phase I - Tierra And Torres
possession by Dec 2026 · D S Developers

Major developers building in Powai

Other RERA-registered projects in Mumbai Suburban

Veridian At Emerald Isle 12C
possession by May 2027 · Larsen & Toubro Ltd.
Veridian At Emerald Isle 13A And 13B
declared completion Mar 2025 · Larsen & Toubro Ltd.
Veridian At Emerald Isle 14A And 14B
possession by May 2027 · Larsen & Toubro Ltd.
Verona
possession by Dec 2027 · Sahyog Homes Limited
Verve
declared completion Jul 2025 · Kolte-Patil Developers Limited
Verve Elina
possession by Dec 2026 · Verve Greens Holding AND Realty Private

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