Project RERA record · Mumbai, Thane & the MMR

Sabari Shaan

by Shankheshwar Properties Pvt Ltd · MahaRERA P51800010056 · Certificate Signed · declared completion Dec 2018

Developer in insolvency (NCLT)

Developer in insolvency (NCLT). Mumbai Suburban · mumbai

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.

Sabari Shaan 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

  • 6 quarterly reporting periods on MahaRERA's compliance schedule — no QPR default flagged
  • 1 complaint filed with MahaRERA against this project

Source: MahaRERA public project record.

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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.

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Free · Risk Snapshot + alerts

The regulatory risk spine for Sabari Shaan, emailed as a clean scorecard — plus an alert if the RERA status changes:

  • 🔴  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