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.
Builder's track record — done
03
Location
MahaRERA · Registration filing
Village
Panchpakhadi
Taluka
Thane
District
Thane
Pincode
400606
Survey no.
507 part
North boundary
Municipal School No 110
East boundary
Shree Bhairavnath Soc
South boundary
Municipal DP Road
West boundary
Ashar Monarch Residency CHS Ltd
What’s nearby
Schools1 school within 1km · Library 970m away
HealthcareHospital 14m away · 3 clinics within 1km · Pharmacy within 1km
LifestylePark 671m away · Gym or sports centre 626m away
Expressway 1.1 kmPrimary road 1.7 km · Meenatai Thakrey FlyoverRailway line 1.7 kmMetro station 2.3km away (Kapurbawdi Station)13 bus stops within 500m
Location — done
04
Government Guidance Rate
Maharashtra IGR — Annual Statement of Rates
In Maharashtra it’s called the ready reckoner rate.
₹1,22,576per sq yd
₹1,46,600per sq m
Which rate
residential flat (built)
Matched to
The rate published for the village of “Panchpakhadi”.
In force
2026-2027 schedule
Spread
₹78,345 – ₹1,60,202 per sq yd across the places it was taken over
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.
Government Guidance Rate — done
05
Planning authority
MahaRERA · Approved building plan
Mumbai Metropolitan Region Development Authority
Metropolitan Development Authority
Building Permit
Survey no. 507 part
The promised possession date (30 Nov 2022) 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
Mumbai Metropolitan Region Development Authority
Metropolitan / development authority
Has approved 152 RERA projects — 0.8% of Maharashtra.
an apartments market — 99% apartments · 1% plotted layouts. Apartments like yours are this body's core business.
Builders
93
On record
7,406 flats · 157 plots
Reach
5 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.
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.
Complaints & litigation — done
07
Other projects nearby
The register · within 25 km
280 commercial projects still under way within 25 km. Step out ring by ring:
Of the 1,543 projects the radar draws within 6 km — every kind, every stage — 61 are commercial projects still under way. This list keeps only those, and looks further out.
1 project within 1 km — showing the nearest 1.
710 m awayCommercial
Park Avenue
Raymond Realty Limited · Thane
3 yr
Jul 2024registered
Jul 2027target completion
Government Guidance Rate₹60,034/sq ydScale65 flatsAuthorityMahaRERA