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Detailed Report

LEO BUSINESS COMPLEX

PM1330002500227 · MahaRERA · https://gethorizon.in/projects/leo-business-complex-bhiwandi-m-corp-7ibjyr2p

01

Complete project overview

MahaRERA · Registration filing
Project name
LEO BUSINESS COMPLEX
Units
67 units
Floors
7
Buildings
2
Parking
8 spaces
Land area
1,315 sq m
Sanctioned built-up
2,339 sq m
Recreational open space
189 sq m

Timeline

RERA registeredJul 2025
Proposed completionDec 2027
TodaySep 2026
Construction progress
Flat fit-out0%
Stairs & lifts0%
OC-readiness0%
Water Supply0%
Sewerage (Chamber,…0%
Energy managemcnt0%
Fire protection an…0%
Aggregate area of …0%
External finishes35%
Internal finishes60%
Superstructure86%
Excavation100%
Basement (if any)100%
Plinth100%
Stilt floor100%
Per-activity completion % as filed with MahaRERA, shown for in-progress projects — a snapshot, not a live tracker.
02

Builder’s track record

MahaRERA · Builder registration

LEO INFRA AND DEVELOPER

PartnershipPromoter type
Thane, MAHARASHTRABased in
1Projects
1City
2025–presentActive
Timelineevery project, start → promised completion
LEO BUSINESS COMPLEX

LEO BUSINESS COMPLEX

this project
Mixed
Jul 2025registered
Dec 2027target completion
67 flats2,339 sq m

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
The Horizon Radar(within 6 km)
2km4km6kmN
  • This project
  • 31 new projects last year
  • 399 nearby projects
1 km radius · coordinates as filed · 19.2848, 73.0510 · © OpenStreetMap contributors
Village
Bhiwandi (M Corp.)
Taluka
Bhiwandi
District
Thane
Pincode
421302
Survey no.
CTS NO 6526 TO 6532 VILLAGE NARPOLI TALUKA BHIWANDI DISTRICT THANE 421302
North boundary
ROAD
East boundary
MUMBAI- AGRA ROAD
South boundary
S NO 95,96 PAIKI
West boundary
PLOT NO 3
What’s nearby
SchoolsNearest school 1.7km away
HealthcareHospital 124m away · 3 clinics within 1km
LifestylePark 2.0km away
ShoppingNo supermarket within 2km · Bank 778m away
Getting around
Expressway 45 m · Agra RoadPrimary road 1.4 kmRailway line 1.9 kmRailway station 1.8km away (Bhivandi Road)Bus stop within 500m
Water & environment
Water body 939 mRiver 2.0 km · Kamvadi
distances only — not a flood assessment
04

Satellite view of the site

Google Open Buildings, 2016–2023 · Sentinel-2 imagery

The 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 ~20 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 ~20 m of the filed location.

Satellite photographs of the same ground

Mar 2017
Feb 2023
Feb 2026

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 ~20 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 Rates

In Maharashtra it’s called the ready reckoner rate.

₹24,415per sq yd
₹29,200per sq m
Which rate
residential flat (built)
Matched to
The middle rate across the 71 divisions of “Bhiwandi (M Corp.)” — the city's middle, not this project's own division.
In force
2026-2027 schedule
Spread
₹23,495 – ₹57,191 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 city, and says so above. How Horizon decides what to show.
06

Planning authority

MahaRERA · Approved building plan

Bhiwandi Nizampur City Municipal Corporation (Bncmc)

Municipal Corporation
Building Permit
Survey no. CTS NO 6526 TO 6532 VILLAGE NARPOLI TALUKA BHIWANDI DISTRICT THANE 421302
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

Bhiwandi Nizampur City Municipal Corporation (Bncmc)

Municipal corporation

Has approved 16 RERA projects — 0.1% of Maharashtra.

an apartments market — 100% apartments · 0% plotted layouts. Apartments like yours are this body's core business.

Builders
15
On record
36 flats · 0 plots
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→

08

Other projects nearby

The register · within 25 km

3,485 residential projects still under way within 25 km. Step out ring by ring:

Of the 399 projects the radar draws within 6 km — every kind, every stage — 136 are residential projects still under way. This list keeps only those, and looks further out.

10 projects within 1 km — showing the nearest 6.

130 m awayMixed

CLASSIC PLAZA

NEW CLASSIC CONSTRUCTION · Bhiwandi

Jul 2025registered
Dec 2028target completion
Government Guidance Rate₹24,415/sq ydScale70 flatsAuthorityMahaRERA
Open the read
180 m awayResidential / Group Housing

DHEERAJ HEIGHTS- PHASE-II

SASHWAT HOME · Bhiwandi

Jun 2023registered
Dec 2026target completion
Government Guidance Rate₹24,415/sq ydScale110 flatsAuthorityMahaRERA
Open the read
190 m awayMixed

Swami Enclave

M/s. Om Sai Ram Infra · Vada

Oct 2025registered
Oct 2028target completion
Government Guidance Rate₹26,840/sq ydScale30 flatsAuthorityMahaRERA
Open the read
490 m awayResidential / Group Housing

ROSE RESIDENCY

KUNAL RAMESH KARANIYA · Bhiwandi

Jun 2022registered
Sep 2026target completion
Government Guidance Rate₹24,415/sq ydScale78 flatsAuthorityMahaRERA
Open the read
680 m awayOthers

NAZIR HEIGHTS

A M CONSTRUCTIONS · Bhiwandi

May 2023registered
Sep 2026target completion
Government Guidance Rate₹24,415/sq ydScale31 flatsAuthorityMahaRERA
Open the read
780 m awayResidential / Group Housing

VIJAY NAGAR GROUP

VIJAY NAGAR CO-OPERATIVE HOUSING SOCIETY LIMITED · Bhiwandi

Apr 2026registered
Dec 2029target completion
Government Guidance Rate₹24,415/sq ydScale87 flatsAuthorityMahaRERA
Open the read

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.

  1. 01Complete project overview
    • The project's registration filing with MahaRERA, as the builder submitted it.
  2. 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.
  3. 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).
  4. 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).
  5. 05Government Guidance Rate
    • Maharashtra IGR — Annual Statement of Rates.
  6. 06Planning authority
    • MahaRERA: the approved building plan, as filed.
    • The approving body's other projects: counted by Horizon across the register.
  7. 07Complaints & litigation
    • MahaRERA's public record lists no complaints or litigation for this project.
  8. 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/leo-business-complex-bhiwandi-m-corp-7ibjyr2p.

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.