MahaRERA Property Intelligence · Mumbai Suburban
P51800027059 · Kandivali East · promoter Kalpataru Retail Ventures
| Regulatory standing | CAUTION | Currently in QPR default — progress reports have stopped. |
| Delivery timeline | GOOD | Declared completion ~11 months out. |
| Legal & litigation | GOOD | No litigation on the MahaRERA record. |
| Buyer complaints | GOOD | No buyer complaints on record. |
| Builder track record | GOOD | 50 projects, none currently flagged. |
| Sales / inventory | NOTE | ~91% of 215 homes sold; 20 available. ₹444.66 Cr of ₹523.07 Cr collected. |
What the filing tells you
Synthesis from the MahaRERA record — registration status, the promoter's declared deadline, complaint and litigation history, compliance-filing discipline and the builder of record, read the way a sales team won't volunteer.
The layout the promoter actually filed with MahaRERA — rarely shown to buyers. Read where each tower sits relative to the internal roads, the open spaces and the plot boundaries before you pick a flat.
From the sanctioned site plan, we map every block against the amenities worth being near and the utilities worth avoiding, using each item's position on the plan:
Across the blocks on the plan, Block 3 reads best and Block 1 warrants the most care — details below.
Positions are read from the sanctioned plan, not surveyed; distances are relative within the plan, not metres. Treat this as where to look first and what to check on a site visit — not a final verdict.
Of 215 homes filed with MahaRERA, 195 are sold/booked and 20 remain available (~91% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹523.07 Cr in agreement value so far. Of that, ₹444.66 Cr (~85%) is already collected, ₹78.40 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 195 registered agreements, the effective carpet rate is ₹28,077/sqft (typical range ₹22,281–₹33,532) — 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 | 21 | 1,014 sqft (94.18 sqm) | ₹1.64 Cr |
| Floor 2 | 25 | 998 sqft (92.72 sqm) | ₹1.61 Cr |
| Floor 2 | 26 | 1,037 sqft (96.35 sqm) | ₹1.68 Cr |
| Floor 3 | 31 | 1,015 sqft (94.26 sqm) | ₹1.64 Cr |
| Floor 3 | 35 | 998 sqft (92.72 sqm) | ₹1.61 Cr |
| Floor 3 | 36 | 1,037 sqft (96.35 sqm) | ₹1.68 Cr |
| Floor 39 | 391 | 1,023 sqft (95.02 sqm) | ₹1.65 Cr |
| Floor 39 | 395 | 1,013 sqft (94.08 sqm) | ₹1.64 Cr |
| Floor 4 | 41 | 1,015 sqft (94.26 sqm) | ₹1.64 Cr |
| Floor 4 | 42 | 1,017 sqft (94.49 sqm) | ₹1.64 Cr |
| Floor 4 | 45 | 998 sqft (92.71 sqm) | ₹1.61 Cr |
| Floor 4 | 46 | 1,037 sqft (96.35 sqm) | ₹1.68 Cr |
| Floor 5 | 51 | 1,015 sqft (94.3 sqm) | ₹1.64 Cr |
| Floor 5 | 52 | 1,017 sqft (94.49 sqm) | ₹1.64 Cr |
| Floor 5 | 56 | 1,037 sqft (96.35 sqm) | ₹1.68 Cr |
| Floor 6 | 61 | 1,651 sqft (153.35 sqm) | ₹2.67 Cr |
| Ground/Floor 0 | 1 | 1,985 sqft (184.39 sqm) | ₹4.01 Cr |
| Ground/Floor 0 | 2 | 2,061 sqft (191.46 sqm) | ₹4.16 Cr |
| Ground/Floor 0 | 3 | 1,662 sqft (154.45 sqm) | ₹3.36 Cr |
| Ground/Floor 0 | 4 | 1,145 sqft (106.38 sqm) | ₹2.31 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.
| MahaRERA registration | P51800027059 |
| Registered on | 13 Nov 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, Kalpataru Retail Ventures is the promoter of record on 50 project(s), 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.
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
RERA requires 70% of buyer collections to sit in a designated account spent only on this project. As last filed, that account shows ₹315.85 Cr deposited, ₹270.13 Cr withdrawn for construction, and a closing balance of ₹45.73 Cr.
How the promoter says the project is funded, filed as estimated and actual. The project's own filing moved from an estimated ₹312.35 Cr to an actual ₹266.99 Cr (-15%) — a cost reduction to ask the builder to explain. On the actual filing the developer's OWN funds are ₹0 (~0% of the total) against ₹0 borrowed and ₹266.99 Cr from buyer receipts — a read on how much of the developer's own capital is committed versus riding on your money.
| Filing | Own funds | Borrowed | Buyer receipts | Total |
|---|---|---|---|---|
| Estimated | ₹0 | ₹0 | ₹312.35 Cr | ₹312.35 Cr |
| Actual | ₹0 | ₹0 | ₹266.99 Cr | ₹266.99 Cr |
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 215 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Tower A | 1 | G+45 | 215 | - |
Unit mix on the filing: 215 habitable floor.
The documents the promoter has actually filed with MahaRERA for this project — the paperwork trail a buyer's lawyer should read in full. Their presence on the register is a good sign; ask for a certified copy of each before you sign.
| Filed document | What it is |
|---|---|
| Promoter PAN | the promoter's PAN card |
| Form 1 — Architect's certificate | the architect's certified % of work completed |
| Form 3 — CA certificate | the chartered accountant's certificate on funds withdrawn |
| Form 2 — Engineer's certificate | the engineer's cost-incurred certificate |
| Title / search report | the legal title-search report on the land |
| Form B — Promoter declaration | the promoter's declaration-cum-affidavit |
| Sanctioned layout plan | the approved site layout |
| Sanctioned building plan | the approved building plan |
Plus 4 other supporting file(s) on the MahaRERA record.
The professionals of record on the MahaRERA filing — the people whose licences are on the line for the certified filings:
| Role | Name / firm | Reg. no. |
|---|---|---|
| Architect | Nandkumar V Jethe | CA/96/20792 |
| Engineer | Mohan Parab | - |
| Engineer | Satish Datey | NA |
| Engineer | Vikram Panchal | - |
| Chartered Accountant | C R Mohnot & Co ( CA Certificate-Form 3) | 059594 |
| Chartered Accountant | Khimji Kunverji & Co (Statutory Auditor - Form 5) | - |
| Other | M/S JP Enterprises | - |
| Other | Design Architect-Mandviwala Qutub & Associate | - |
| Other | Structural Consultant-RECI Engineering Pvt. Ltd. | - |
| Other | MEP Consultant-S.N.Joshi Consultants Pvt.Ltd. | - |
| Other | Project Architect-Atul Gulati Gala | - |
Separately, 10 MahaRERA-registered real-estate agent(s) are attached to this project as its sales channel — a measure of the selling machine behind it, not of build accountability. Whoever shows you a flat, verify their MahaRERA agent registration and deal only on the terms in the filed agreement drafts.
Located at Kandivali East, Ashok Nagar Main Road , Andheri, Mumbai Suburban, 400101. Per the filed land record, the plot is bounded to the north by CTS no- 94B PT 94C PT of village wadhavan, to the south by CTS no- 94B PT 94C PT of village wadhavan, to the east by CTS no- 94C PT of village wadhavan and to the west by CTS no - 94B PT 94C PT of village wadhavan. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~8 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 8 km |
| Powai / Hiranandani business park | 10 km |
| Chhatrapati Shivaji Int'l Airport | 12 km |
| Bandra Kurla Complex (BKC) | 15 km |
| Lower Parel / Worli business district | 22 km |
| Nariman Point / Fort | 30 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.
This report reads the MahaRERA public record — the promoter's own declarations. Independently confirm: the occupancy/completion certificate, the sanctioned plan and its FSI, the 7/12 land extract and title, the exact carpet area on your agreement, and any complaint/litigation orders in full. Treat the record as where to look first, not a substitute for your own diligence.
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