Project RERA record · Mumbai, Thane & the MMR

Neptune Swarajya Sector 2 - B4

by Neptune Developers LTD · MahaRERA P51700005949 · Certificate Signed · declared completion Dec 2019

Developer in insolvency (NCLT)

Developer in insolvency (NCLT). Thane

Developer in NCLT insolvency proceedings

The promoter/developer of this project is in NCLT insolvency proceedings. This is one of the highest-risk flags for a buyer awaiting possession — verify the current legal status and any IRP (Insolvency Resolution Professional) order before any transaction.

Neptune Swarajya Sector 2 - B4 appears on MahaRERA's NCLT list — the promoter is in insolvency proceedings before the National Company Law Tribunal. For buyers awaiting possession, this is the highest-risk flag on the register: an IRP (Insolvency Resolution Professional) controls the company and any construction or handover depends on the outcome of the resolution plan. Verify the current NCLT order status before making any payment or transaction.

On the regulator's record

  • 10 quarterly reporting periods on MahaRERA's compliance schedule — no QPR default flagged
  • 6 litigation cases on MahaRERA's record for this project

Source: MahaRERA public project record.

Builder track record

Neptune Developers LTD is the promoter on 18 MahaRERA-registered projects, of which 18 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:

Other flagged projects by Neptune Developers LTD

Neptune Developers LTD
Developer in insolvency (NCLT)Thane
Neptune Developers LTD
Developer in insolvency (NCLT)Thane
Neptune Developers LTD
Developer in insolvency (NCLT)Thane
Neptune Developers LTD
Developer in insolvency (NCLT)Thane
Neptune Developers LTD
Developer in insolvency (NCLT)Thane
Neptune Developers LTD
Developer in insolvency (NCLT)Thane

Other RERA-registered projects in Ambivali West

Falco Pearlshire
Aanya Residences
Gangubai Height
Vinayak Construction
Godrej Riviera Phase 1
Godrej Properties Limited
Neptune Swarajya 4B
Developer in insolvency (NCLT) Neptune Developers Limited
Neptune Swarajya Sector 1 - 1A
Developer in insolvency (NCLT) Neptune Developers Limited
Neptune Swarajya Sector 1- A14
Developer in insolvency (NCLT) Neptune Developers Limited

What to verify (NCLT insolvency)

  1. Check the IRP/Resolution Professional's name on the NCLT cause list and contact them for a project status update.
  2. Verify whether a Resolution Plan has been approved — the IRP's report is filed with NCLT and is public.
  3. Look for a homebuyers' association for this project — allottee groups have legal standing in insolvency proceedings.
  4. Consult a RERA or IBC advocate about your rights under Section 7 IBC or Section 18 RERA for possession or refund.

Request the report on Neptune Swarajya Sector 2 - B4

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  • 🔴  Promoter flagged for insolvency (NCLT) on the MahaRERA register

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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: 11 Jul 2026