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FRIENDS BUSINESS BAY

P51800032263 · MahaRERA · https://gethorizon.in/projects/friends-business-bay-borivali-gqkyvjhy

01

Complete project overview

MahaRERA · Registration filing
Units
102 units
Floors
24
Buildings
2
Parking
130 spaces
Land area
1,324 sq m
Sanctioned built-up
6,625 sq m

Timeline

RERA registeredDec 2021
Proposed completionJun 2024
TodaySep 2026
02

Builder’s track record

MahaRERA · Builder registration

PARESH ASHER

IndividualPromoter type
Mumbai Suburban, MAHARASHTRABased in
1Projects
1City
2021–2024Active
Timelineevery project, start → promised completion

The only project Horizon has read from this builder so far. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.

03

Location

MahaRERA · Registration filing
Village
Borivali
Taluka
Borivali
District
Mumbai Suburban
Pincode
400092
Survey no.
CTS NO 649/B/3
North boundary
Yogeshwar Kripa
East boundary
Jay Santoshi Ma Bldg
South boundary
L T Road
West boundary
Vacant Plot
What’s nearby
Schools3 schools within 1km · 4 educational institutions within 1km · College or university 1.6km away
HealthcareHospital 32m away · 16 clinics within 1km · Pharmacy within 1km
LifestylePark 1.3km away · Gym or sports centre 984m away · 8 restaurants and cafes within 1km
ShoppingSupermarket 1.0km away · Mall 448m away · Convenience store within 500m
Getting around
Expressway 1.2 km · Western Express HighwayPrimary road 377 m · Swami Vivekanand RoadRailway line 467 m · Western Railway Virar to BorivaliRailway station 558m away (Borivali)5 bus stops within 500m
Water & environment
Water body 269 m · Veer Savarkar Udyan Pond
distances only — not a flood assessment
04

Government Guidance Rate

Maharashtra registration department

In Maharashtra it’s called the ready reckoner rate.

No government guidance rate is shown for this project.

Mumbai's ready reckoner is addressed by city survey (CTS) number inside a named village, and this filing declares neither — its village field holds a ward or a taluka. Naming one of the zones around it would be a guess, and inside a single division the rates run three-fold.

That is a statement about what Horizon can place — not a sign that no rate exists, and not a signal about the project.

05

Planning authority

MahaRERA · Approved building plan

Municipal Corporation of Greater Mumbai

Municipal Corporation
Building Permit
Survey no. CTS NO 649/B/3

The promised possession date (30 Jun 2024) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.

The occupancy certificate — the proof that isn’t here

An approved plan is the government’s approval to build. It is not proof the project was built to that plan. That sign-off is the Occupancy Certificate (OC) — issued by the planning authority, the same body that approved the plan, not by RERA— and it isn’t in this record. Ask the builder for it, or check with the authority. Without an OC, banks may decline home loans, and any deviation from the approved plan carries penalty or demolition risk.

The approving body, at scale

Municipal Corporation of Greater Mumbai

Municipal corporation

Has approved 2,862 RERA projectsabout 1 in 7 in Maharashtra, more than any other body in the state.

an apartments market100% apartments · 0% plotted layouts. Apartments like yours are this body's core business.

Builders
2,166
On record
34,498 flats · 0 plots
Reach
9 districts
Since
2017

Volume and mix are context, not a verdict — a busier body isn’t a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

See every project approved by MahaRERA

07

Other projects nearby

The register · within 25 km

223 commercial projects still under way within 25 km. Step out ring by ring:

Of the 1,906 projects the radar draws within 6 km — every kind, every stage — 35 are commercial projects still under way. This list keeps only those, and looks further out.

9 projects within 1 km — showing the nearest 6.

BorivaliCommercial

HIMAT MANSION CHS LTD

BHATIA BUILDERS AND DEVELOPERS PVT LTDC

Nov 2020registered
Jun 2027target completion
Scale76 flatsAuthorityMahaRERA
BorivaliCommercial

ATULYA

PHOENIX DEVELOPERS

Oct 2024registered
Dec 2026target completion
Scale88 flatsAuthorityMahaRERA
BorivaliCommercial

9 RAJGIR

M S KAVITA CONSTRUCTION COMPANY

Jul 2021registered
Dec 2026target completion
Scale103 flatsAuthorityMahaRERA
KanheriCommercial

THE NEXT LEVEL COMMERCIAL

DHARTI SIMRAN INFRASTRUCTURE LLP

Dec 2024registered
Dec 2029target completion
no escrow declaredGovernment Guidance Rate₹1,12,417/sq ydScale217 flatsAuthorityMahaRERA
BorivaliCommercial

ORCHID TOWER

Shree Laxmi Estate Pvt. Ltd.

Nov 2022registered
Mar 2026target completion
Scale194 flatsAuthorityMahaRERA
EksarCommercial

JALARAM SQUARE

SHREE JALARAM DEVELOPERS

Aug 2025registered
Sep 2027target completion
Government Guidance Rate₹1,44,307/sq ydScale64 flatsAuthorityMahaRERA

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. This project’s coordinate is approximate, so distances are rough.

What this record cannot tell you

  • Build quality — no filing records how well it was actually built.
  • Private disputes — only complaints escalated to the authority appear here.
  • What it will be worth — the record is the past; it does not price the future.