40 m awayResidential / Group Housing
Atheletica
Persipina Developers Private Limited · Panshil · Khalapur
Nov 2025registered
Jun 2032target completion
Government Guidance Rate₹20,987/sq ydScale160 flatsAuthorityMahaRERA
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Detailed ReportGrandstand
01
Complete project overview
MahaRERA · Registration filing- Units
- 313 units
- Floors
- 44
- Buildings
- 2
- Parking
- 406 spaces
- Land area
- 65,937 sq m
- Sanctioned built-up
- 32,863 sq m
Timeline
RERA registeredNov 2025
Proposed completionJun 2032
TodaySep 2026
Construction progressPer-activity completion % as filed with MahaRERA, shown for in-progress projects — a snapshot, not a live tracker.
Excavation0%
Basement (if any)0%
Podiums0%
Plinth0%
Stilt floor0%
Superstructure0%
Internal finishes0%
Flat fit-out0%
Stairs & lifts0%
External finishes0%
OC-readiness0%
Internal Roads & F…0%
Water Supply0%
Sewerage (Chamber,…0%
Storm Water Drains0%
Landscaping & Tree…0%
Street Lighting0%
Treatment And Disp…0%
Solid Waste Manage…0%
Water conservation…0%
Energy managemcnt0%
Fire protection an…0%
Electrical meter r…0%
02
Builder’s track record
MahaRERA · Builder registrationPersipina Developers Private Limited
CompanyPromoter type
Mumbai Suburban, MAHARASHTRABased in
39Projects
2Cities
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
5,106 homeson the public record across 39 projects
7,37,379 sq mbuilt-up filed
3,69,166 sq mland declared
These are sums of what the builder has put on the public record across their projects — a sense of how big a builder this is, not build quality and not whether they finish on time.
Planning authoritiesthis builder's portfolio, by approving body
Maharashtra State Road Development Corporation Ltd (Msrdc)11 of 20 projects
Maharashtra State Road Development Corporation Limited (Msrdc)this project6 of 20 projects
Maharashtra State Road Development Corporation Limited3 of 20 projects
Counts are how many of this builder’s projects on Horizon’s record were approved by each body — a footprint, not a ranking of the authorities.
Every project Horizon has read from this builder, oldest first on the timeline. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.
More from Persipina Developers Private Limited— the full portfolio →
03
Location
MahaRERA · Registration filing- This project
- 27 new projects last year
- 147 nearby projects
- Village
- Panshil
- Taluka
- Khalapur
- District
- Raigarh
- Pincode
- 410222
- Survey no.
- RZ-05, Gut No. 41/1 Village Talegaon & Gut No. 6/1 Village Panshil, Taluka Khalapur, District Raigad.
- North boundary
- Future Development
- East boundary
- Internal Driveway
- South boundary
- Greenfield Tower
- West boundary
- Internal Driveway
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 1.8km away · 1 clinic within 1km · Pharmacy within 500m
LifestyleNo parks within 2km · Gym or sports centre 601m away · 3 restaurants and cafes within 1km
ShoppingSupermarket 195m away · Bank 224m away
Getting around
Expressway 955 mPrimary road 1.8 kmRailway line 1.3 km · Panvel Junction - Karjat JunctionRailway station 3.2km away (Mohope)Limited bus connectivity nearby
Water & environment
Water body 1.1 km
distances only — not a flood assessment04
Satellite view of the site
Google Open Buildings, 2016–2023 · Sentinel-2 imageryThe yearly satellite view ends in 2023 and this project started in 2025, so it does not cover this project's construction: the site was still open ground within ~80 m of the recorded location when the series ends. The 2026 image shows the site more recently.
Satellite view, year by year
loading 2023…
Height estimated by a model from satellite imagery — not a survey, and the series ends in 2023. The dashed shape is within ~80 m of the filed location.
Satellite photographs of the same ground
Sentinel-2, 10 m per pixel — about 400 m of ground across. Each frame is one dry-season day, so haze can dull a site.
How to read this
- This series ends in 2023, before this project’s construction — so it shows what stood here before, and says nothing about whether building has since begun. The photograph does that.
- This state publishes a point, not a plot outline, so the shape is a circle around it. A neighbour’s building can fall inside.
- Site is a ~80 m circle around the RERA point, not a plot outline: buildings inside it may belong to neighbours.
- The yearly site view ends in 2023, before this project started in 2025.
Google Open Buildings 2.5D Temporal (CC BY 4.0) · Contains modified Copernicus Sentinel data 2017–2026
05
Government Guidance Rate
Maharashtra IGR — Annual Statement of RatesIn Maharashtra it’s called the ready reckoner rate.
₹20,987per sq yd
₹25,100per sq m
- Which rate
- residential building or flat
- Matched to
- The rate published for the village of “Panshil”.
- In force
- 2026-2027 schedule
What this number is — and isn’t
- The minimum value Maharashtra’s registration department will register a sale at. Stamp duty is usually charged on this or the price in the sale deed, whichever is higher.
- Not a market price. Sales normally register above it, and how far above varies by place and by project.
- Its fit depends on the grain the state publishes at. This one is matched at the level of village, and says so above. How Horizon decides what to show.
06
Planning authority
MahaRERA · Approved building planBuilding Permit
Survey no. RZ-05, Gut No. 41/1 Village Talegaon & Gut No. 6/1 Village Panshil, Taluka Khalapur, District Raigad.
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
The planning authority
The body that approved this project. It has approved 4,607 RERA projects across 33 districts — about 1 in 4 in Maharashtra.
Volume is context, not a verdict — a busier authority is not a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.
07
Complaints & litigation
MahaRERA · public recordNone on record with MahaRERA against this project.
Only disputes escalated to the authority appear on the record — a private disagreement never filed here would not. A count from the public record, not a verdict.
Court cases, as declared
Declared by the builder1 case · 0 disposed · 1 open
| Number | Forum | Date | Status | |
|---|---|---|---|---|
| 163 | Civil Judge (Senior Division) at Panvel | 2017 | Ongoingopen |
What the builder declared
Declared to MahaRERA- Encumbrance
- Declared financial encumbrance on the projectworth checking
The builder's own declaration at registration — not a court's or MahaRERA's finding. A flagged line is worth checking with MahaRERA.
Not a verdict. A complaint can be dismissed and a case can be won; an order can be appealed.
Not a clean bill. An empty record means nothing was filed with MahaRERA, or that this register doesn’t publish it — never that nothing happened.
08
Other projects nearby
The register · within 25 km1,393 residential projects still under way within 25 km. Step out ring by ring:
Of the 147 projects the radar draws within 6 km — every kind, every stage — 77 are residential projects still under way. This list keeps only those, and looks further out.
9 projects within 1 km — showing the nearest 6.
50 m awayResidential / Group Housing
Pavilion
Persipina Developers Private Limited · Panshil · Khalapur
Nov 2025registered
Jun 2032target completion
Government Guidance Rate₹20,987/sq ydScale160 flatsAuthorityMahaRERA
360 m awayResidential / Group Housing
Stadia
Persipina Developers Private Limited · Panshil · Khalapur
Jan 2026registered
Dec 2032target completion
Government Guidance Rate₹20,987/sq ydScale160 flatsAuthorityMahaRERA
580 m awayResidential / Group Housing
L&T REALTY CRESTORIA ESTATE T1
Larsen & Toubro Ltd. (Realty Division) · Bhokarpada · Panvel
Mar 2026registered
Sep 2030target completion
Government Guidance Rate₹52,425/sq ydScale258 flatsAuthorityMahaRERA
580 m awayResidential / Group Housing
L&T REALTY CRESTORIA ESTATE T2
Larsen & Toubro Ltd. (Realty Division) · Bhokarpada · Panvel
Mar 2026registered
Jul 2030target completion
Government Guidance Rate₹52,425/sq ydScale193 flatsAuthorityMahaRERA
580 m awayResidential / Group Housing
L&T REALTY CRESTORIA ESTATE T3
Larsen & Toubro Ltd. (Realty Division) · Bhokarpada · Panvel
Mar 2026registered
Jul 2030target completion
⚠ 1 open complaintGovernment Guidance Rate₹52,425/sq ydScale258 flatsAuthorityMahaRERA
Projects within 25 km, nearest first — closed ones excluded, nothing ranked. Distances from the filed coordinates.
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.
Sources
Where each section of this report comes from.
- 01Complete project overview
- The project's registration filing with MahaRERA, as the builder submitted it.
- 02Builder's track record
- MahaRERA: the builder's registration.
- The track record: every project filed under this builder, counted by Horizon across the state RERA registers it holds.
- 03Location
- Address and pincode: the MahaRERA filing.
- Coordinates: as filed with MahaRERA.
- What's nearby and getting around: distances measured by Horizon on OpenStreetMap data, © OpenStreetMap contributors (ODbL). Not from the RERA filing.
- The Horizon Radar: the RERA-registered projects Horizon holds within 6 km of these coordinates.
- Map: © OpenStreetMap contributors (ODbL).
- 04Satellite view of the site
- Building footprint and height by year: Google Open Buildings 2.5D Temporal (CC BY 4.0), a model estimate of building presence and height from satellite imagery.
- Photographs: Copernicus Sentinel-2 imagery (contains modified Copernicus Sentinel data 2017–2026).
- 05Government Guidance Rate
- Maharashtra IGR — Annual Statement of Rates.
- 06Planning authority
- MahaRERA: the approved building plan, as filed.
- The approving body's other projects: counted by Horizon across the register.
- 07Complaints & litigation
- Court cases, as declared by the builder, in its MahaRERA filing.
- 08Other projects nearby
- The RERA-registered projects Horizon holds within 25 km of these coordinates.
Compiled by Horizon from public records. Each fact is reproduced as its source publishes it, and Horizon does not verify filings on the ground. The live record: gethorizon.in/projects/grandstand-panshil-khalapur-tuaznua6.
Horizon does not rate, review, score or signal, and it gives no verdict, opinion or forecast. Its only aim is to seek the truth through data: what the public record says, where each fact comes from, and where the record is silent. Nothing in this document is legal, financial or investment advice; what to make of it is yours to decide.