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Registered Litigation declared Residential / Group Housing project

25 Downtown-Wing 1-Emerald Palm

By TWENTY FIVE DOWNTOWN REALTY LIMITED

RG-MH-18421 · RERA P51900076617 · Last updated on MahaRERA portal: 18 May 2026

Source: official MahaRERA filing

Red flags

  • Litigation declared, 6 cases
  • 2 complaints at MahaRERA
  • Rs 250.00 crore secured on the land, in favour of OCM INDIA OPPORTUNITIES XB ALTERNATE INVESTMENT FUND I

Clear

  • Completion date never moved
  • Separate project account declared
  • Allotment letter follows the model form

3 conditions are on this record. What each one means for someone buying here, and what the promoter's own filed documents say behind it, is what the buyer report adds.

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Dec 2033Possession promisedno revision filed
0 of 11Construction stages donefurthest along: Excavation, 40%
68 of 114Units unsoldnot recorded sold or booked
2Complaints at MahaRERAon this registration
Jump to the 123 documents Report an error

25 Downtown-Wing 1-Emerald Palm is a Residential / Group Housing project by TWENTY FIVE DOWNTOWN REALTY LIMITED in Mumbai City, Maharashtra, registered with MahaRERA as P51900076617 on 18 Jun 2024. Possession is promised by 31 Dec 2033. 46 of the 114 units on this registration are recorded sold or booked, and 0 of 11 construction stages are filed complete. 2 complaints are on record with the regulator.

At a glance

Project

  • Name25 Downtown-Wing 1-Emerald Palm
  • TypeResidential / Group Housing
  • Location
    • S K Rathod Marg
    • Tardeo
    • Mumbai City
    • 400034
  • Pincode400034
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P51900076617
  • ReraGenie IDRG-MH-18421

Builder

  • NameTWENTY FIVE DOWNTOWN REALTY LIMITED
  • Entity typeCompany
  • DirectorsBhavya Ajit Shah, Param Bir Hoshiar Singh, Monil Pandharinath Thakur
  • Other registrations5 more →
  • Declared earlier projects5 →

Key dates

this monthRegisteredJun 2024PromisedDec 2033

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on18 Jun 2024
  • Promised completion31 Dec 2033
  • Revised completionNone
  • Buildings1 building record
  • Documents filed123 files

Current status

40%46 of 114 units booked
2.2%Work done, per cost certificate

Figures as on 18 May 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Wing - 1NA52441140114

The full filing

Everything below is from the project's own MahaRERA filing, free to read. The Rs 499 buyer report reads the filed documents themselves and puts the findings in plain language.

Construction progress by building1

As on 18 May 2026, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.

0 of 11 construction stages are filed complete. The stage furthest along is Excavation, at 40%.

Wing - 1: 4% average across the applicable activities

ActivityProgress
Excavation40%
Basement (if any)0%
Podiums (if any)0%
Plinth0%
Stilt Floor0%
Slabs of Super Structure0%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises0%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks0%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.0%
Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as per CFO NOC, Electrical fittings, mechanical equipment, compliance to conditions ofenvironment/CRZ NOC, Finishing to entrance lobby/s, plinth protection. paving of areas appurtenant to Building/Wing, Compound Wall and all other requirements as may be required to complete project as per specifications in agreement of Sale.0%

Progress on shared amenities15

As on 18 May 2026, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.

Common facilityProposedProgress
Internal Roads & FootpathsYes0%
Water SupplyYes0%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes0%
Storm Water DrainsYes0%
Landscaping & Tree PlantingYes0%
Street LightingYes0%
Community BuildingsNoNot applicable
Treatment And Disposal Of Sewage And Sullage WaterYes0%
Solid Waste Management And DisposalYes0%
Water conservation /Rain water harvestingYes0%
Energy managemcntYes0%
Fire protection and fire safety requirementsYes0%
Electrical meter room, sub-station, receiving stationYes0%
Aggregate area of recreational Open SpaceNoNot applicable
Open ParkingNoNot applicable

Parking filed180

Slots recorded per building wing in the filing. MahaRERA does not publish a two wheeler or four wheeler split, visitor parking, or the sanctioned allotment, so this is provision as filed and not a comparison against the approved plan.

Total parking slots180
Closed/Covered180

Land and ownership

A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.

Land area1,254 sq m
Land owned byThe promoter
Named landownersNone
Encumbrance on the landDeclared present
Charge in favour ofOCM INDIA OPPORTUNITIES XB ALTERNATE INVESTMENT FUND I
Secured amountRs 250.00 crore
CERSAI search filedYes
Declared on24 Feb 2026

Approvals and building plan

Sanctioning authorityMCGM
Permissible FSI55902.86
Proposed, not sanctioned37,577 sq m
Buildings approved1
Buildings sanctioned1

Project account and cost

70 percent of buyer money must sit in the project account. Account numbers are not published by MahaRERA, so check that your agreement for sale names a designated account for this project and pay into that account only.

Separate project accountDeclared
Bank branchDhiraj Baug, Near Hari Niwas Circle, LBS Marg, Thane West 400602
Estimated costRs 1,334.76 cr
Cost incurredRs 29.13 cr
Work done2.18%
BuildingWingEstimatedIncurred
Wing - 1NARs 1,264.38 crRs 29.13 cr
-NARs 70.38 cr-

Certifying professionals and partners4

Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectCitygold Management Service Private Limited
EngineerRajeevan Paramban
Chartered AccountantSanket R Shah and Associates
Chartered AccountantJIGAR SANGANI
PartnerRole in project
TWENTY FIVE DOWNTOWN REALTY LIMITED-

Litigation declared6

CaseCourtStatus
13562/2024Bombay High CourtPending
296/2023Delhi High CourtPending
392 and 395/2023Delhi High CourtPending
137/2024Delhi High CourtPending
138/2024NCLT Mumbai BranchPending
1190 91/2023Delhi High CourtOrder Passed

Complaints filed with MahaRERA2

Case no.ComplainantRespondentFiled
CC12500145Atul SrivastavaTWENTY FIVE DOWNTOWN REALTY LIMITED16/01/2025
SM12600324Bhakti AchrekarTWENTY FIVE DOWNTOWN REALTY LIMITED13/05/2026

The permission chain

The permissions a project needs, in the order they happen, matched to MahaRERA's own document slots. A slot on the file means the promoter uploaded a document there; it is not proof the permission was granted, and the filing carries no issue dates. An empty slot is not proof an approval is missing.

  1. Legal title reportOn the file

    A lawyer's report on who owns the land and what is registered against it.

    uploaded 19 Nov 2024
  2. Layout approvalOn the file

    The planning authority's approval of how the plots and buildings sit on the land.

    uploaded 30 May 2024
  3. Building plan approvalOn the file

    Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.

    uploaded 10 Jun 2024
  4. Commencement CertificateOn the file

    Permission to begin construction. On a plotted development the same slot carries the NA order instead.

    uploaded 29 May 2024Confirm the Commencement Certificate covers the specific floor you are buying.
  5. Occupancy CertificateNot due yet

    The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.

    possession is promised for 31 Dec 2033

Documents filed123

As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath; the newest 80 of 123 are shown. The files themselves are available at source: open this registration on the MahaRERA portal. We publish what the filing says and never host the promoter's documents in place of it.

DocumentUploaded
Withdrawal Update Form 1File: FORM - I P51900076617 - 25DT - Wing - 01.pdf18 May 2026
Withdrawal Update Form 2File: FORM - II Engineer Certificate T1 Emrald Palm.pdf18 May 2026
Withdrawal Update Form 3File: FORM - III.pdf18 May 2026
Withdrawal Update Form 1File: Form-1_T1.pdf25 Feb 2026
Withdrawal Update Form 2File: Form-2_T1.pdf25 Feb 2026
Withdrawal Update Form 3File: 25 Downtown T-1-FORM-3_comp.pdf25 Feb 2026
Form 1File: Arch Certificate_Wing 1_Sept 2024.pdf17 Dec 2025
Form 2File: Engg Certificate_Wing 1_Sept 2024.pdf17 Dec 2025
Form 3File: CA Certificate_Wing 1_Sept 2024.pdf17 Dec 2025
Disclosure of Sold and Booked InventoryFile: Disclsoure of sold_25 Downtown Wing 1_June 25.pdf17 Dec 2025
Form 1File: Arch Certificate_25 Downtown T1_June 25.pdf17 Dec 2025
Form 2File: Engg Certificate_25 Downtown_T1_June 25.pdf17 Dec 2025
Form 3File: CA Form III_Wing-1_Emerald Palm_Form III_June 25.pdf17 Dec 2025
Disclosure of Sold and Booked InventoryFile: Disclsoure of sold_25 Downtown Wing 1_June 25.pdf17 Dec 2025
Form 1File: 25DT -T1-FORM.pdf12 Nov 2025
Form 2File: 01 Engineer_Certificate_ T1 (Emrald Palm).pdf12 Nov 2025
Form 3File: Form III (Sep 25) - Emreld Palm - 59 Flr.pdf12 Nov 2025
Disclosure of Sold and Booked InventoryFile: Disclosure of sold inventory format - Wing-1 - Emerald Palm - SEP (1).pdf12 Nov 2025
Form 5 (FY 2024-2025)File: FORM-5 DT-T1.pdf1 Oct 2025
Form 1File: Arch Certificate_25 Downtown T1_June 25.pdf16 Aug 2025
Form 2File: Engg Certificate_25 Downtown_T1_June 25.pdf16 Aug 2025
Form 3File: CA Form III_Wing-1_Emerald Palm_Form III_June 25.pdf16 Aug 2025
Disclosure of Sold and Booked InventoryFile: Disclosure of sold inventory_T1_25 Downtown_June 25.pdf16 Aug 2025
Form 1File: Arch Certificate - 25Downtown - Wing - 01_Mar 25.pdf27 May 2025
Form 1File: Arch Certificate_Wing 1_Dec 2024.pdf27 May 2025
Form 2File: Engg Certificate_Wing 1_Dec 2024.pdf27 May 2025
Form 3File: CA Certificate_Wing 1_Dec 2024.pdf27 May 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: P51900076617 - 25DT - Wing - 01.pdf28 Apr 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate_Wing 1_Dec 2024.pdf29 Jan 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Arch Certificate_T1_Dec 24.pdf22 Jan 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Form III_T1_Dec 24_compressed.pdf22 Jan 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form II-Tower 1.pdf22 Jan 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg Certificate_25 Downtown_Tower 1.pdf9 Dec 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg certificate_25 downtown T1_Sept 24.pdf9 Dec 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate_RERA_Wing_1.pdf6 Dec 2024
Copy of the legal title reportFile: Title Report- November 18, 2024.pdf19 Nov 2024
Copy of the legal title reportFile: Title Report- November 18, 2024.pdf19 Nov 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA form III-Emerald Palm_Sept 24.pdf13 Nov 2024
Disclosure of Interest in Other Real Estate OrganizationsFile: CA form III-Emerald Palm_Sept 24.pdf13 Nov 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form III_25 Downtown-Wing 1_Emerald Palm-Sept 24.pdf12 Nov 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: TFDRL_Form III_Emrald Palm_Jun-24_compressed.pdf5 Aug 2024
Building plan approvalFile: 25 DOWNTOWN 2419331_IOD_signed (1).pdf10 Jun 2024
Building plan approvalFile: sheet -1.pdf10 Jun 2024
Building plan approvalFile: Sheet - 4 and 5.pdf10 Jun 2024
Building plan approvalFile: Sheet - 7.pdf10 Jun 2024
Building plan approvalFile: Sheet - 8 and 13.pdf10 Jun 2024
Building plan approvalFile: Sheet -14 and 20.pdf10 Jun 2024
Building Plan Approval / NA Order for plotted developmentFile: 25 DOWNTOWN 2419331_IOD_signed (1).pdf10 Jun 2024
Building Plan Approval / NA Order for plotted developmentFile: sheet -1.pdf10 Jun 2024
Building Plan Approval / NA Order for plotted developmentFile: Sheet - 4 and 5.pdf10 Jun 2024
Building Plan Approval / NA Order for plotted developmentFile: Sheet - 7.pdf10 Jun 2024
Building Plan Approval / NA Order for plotted developmentFile: Sheet - 8 and 13.pdf10 Jun 2024
Building Plan Approval / NA Order for plotted developmentFile: Sheet -14 and 20.pdf10 Jun 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 25 Downtown_CA Form III.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti- Part 1.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti- Part 2.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 3.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 4.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 5-1.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 5-2.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 6.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 7-1.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 7-2.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 8-1.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 8-2.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 9.pdf5 Jun 2024
Other - LegalFile: 20040424 Bi Partite Agreement - MCGM kunte And Mangal shrusti-Part 10.pdf5 Jun 2024
Other - LegalFile: 20040324 Tripartite Agreement -The MCGM Tulsiwadi Society and Mangal Shruti- Part 2.pdf5 Jun 2024
Other - LegalFile: 20040324 Tripartite Agreement -The MCGM Tulsiwadi Society and Mangal Shruti-Part 1.pdf5 Jun 2024
Other - LegalFile: 20040324 Tripartite Agreement -The MCGM Tulsiwadi Society and Mangal Shruti-Part 3.pdf5 Jun 2024
Other - LegalFile: 28022017 Revised Bipartite Agreement - Between MCGM and Joyous Housing Ltd-Part 1.pdf5 Jun 2024
Other - LegalFile: 28022017 Revised Bipartite Agreement - Between MCGM and Joyous Housing Ltd-Part 2.pdf5 Jun 2024
Other - LegalFile: 28022017 Revised Bipartite Agreement - Between MCGM and Joyous Housing Ltd-Part 3.pdf5 Jun 2024
Other - LegalFile: 28022017 Revised Bipartite Agreement - Between MCGM and Joyous Housing Ltd-Part 4.pdf5 Jun 2024
Other - LegalFile: 28022017 Revised Bipartite Agreement - Between MCGM and Joyous Housing Ltd-Part 5.pdf5 Jun 2024
Other - LegalFile: 28022017 Revised Bipartite Agreement - Between MCGM and Joyous Housing Ltd-Part 6.pdf5 Jun 2024
Other - LegalFile: 28022017 Revised Bipartite Agreement - Between MCGM and Joyous Housing Ltd-Part 7.pdf5 Jun 2024
Other - LegalFile: 27062019 Tri Partite Agagreement registered-Part 1.pdf5 Jun 2024
Other - LegalFile: 27062019 Tri Partite Agagreement registered-Part 2.pdf5 Jun 2024
Other - LegalFile: 27062019 Tri Partite Agagreement registered-Part 3.pdf5 Jun 2024

How this compares with Mumbai City

40%of this project is bookeddistrict median 17%
33%of Mumbai City projects moved their completion datethis one has not
25%of Mumbai City registrations have lapsed or been cancelledthis one is on the register

Computed across the 780+ Mumbai City projects on ReraGenie, from their own filings.

Free monthly report: Mumbai on MahaRERA, month by month. What registered each month, this city against the other six, the possession pipeline and the pincode micro-markets, from these same filings.

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How alerts work

Other projects near Tardeo780+ in Mumbai City

2 km25 Downtown-Wing 1-EmeraCompleted 12Lapsed / revoked 20Other 50Dot size: filed unitsN

Filed coordinates, straight-line distance. 82 registered projects within 2 km.

Builder: TWENTY FIVE DOWNTOWN REALTY LIMITED

TWENTY FIVE DOWNTOWN REALTY LIMITED has 6 registrations on MahaRERA, including 25 Downtown-Wing 1-Emerald Palm and 25 Downtown-Wing 2-Pearl Cove. Its filings disclose 5 earlier MahaRERA projects, none completed yet. Litigation is declared on 5 of its registrations. Read the full track record. See more projects on the Mumbai City district page.

Frequently asked questions

What are my rights if 25 Downtown-Wing 1-Emerald Palm is delayed beyond 31 Dec 2033?

Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, or exit and claim a full refund with interest. In Maharashtra the rate is SBI's highest MCLR plus 2 percent, currently 10.90% per annum (June 2026). The free delay interest calculator on ReraGenie puts a rupee figure on any delay. Claims are filed as MahaRERA complaints with a Rs 5,000 fee.

How do I verify and contact the developer of 25 Downtown-Wing 1-Emerald Palm?

The registered promoter entity is TWENTY FIVE DOWNTOWN REALTY LIMITED, a company as per the filing. Neither this filing nor this promoter's other MahaRERA registrations disclose a CIN, LLPIN or GSTIN for this entity. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's MahaRERA listing (scan the QR code on any advertisement) and in its filed documents. The Rs 499 buyer report includes all of them as a single ZIP, foldered by type.

Is my payment protected in 25 Downtown-Wing 1-Emerald Palm?

Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses; since July 2024 MahaRERA requires a three-account structure for collections. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.

How do I read the complaint cases filed against 25 Downtown-Wing 1-Emerald Palm?

Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.

How current is the construction progress shown for 25 Downtown-Wing 1-Emerald Palm?

Promoters must file a quarterly progress report within 20 days of each quarter end, certified by the architect (Form 1), engineer (Form 2) and chartered accountant (Form 3). The figures above come from the latest filing, so they can trail the site by up to a quarter. A promoter who stops filing QPRs altogether invites penalties under section 61, and a stale filing date is itself a warning sign worth checking on the portal.

Who certifies construction progress at 25 Downtown-Wing 1-Emerald Palm?

The professionals named in the filing: Architect: Citygold Management Service Private Limited; Engineer: Rajeevan Paramban; Chartered Accountant: Sanket R Shah and Associates; Chartered Accountant: JIGAR SANGANI. Their Form 1 (architect), Form 2 (engineer) and Form 3 (chartered accountant) certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.

What should I check before booking in 25 Downtown-Wing 1-Emerald Palm?

Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area (the model agreement allows only a 3 percent variation, with a refund right below that); that the agreement follows MahaRERA's model clauses with deviations highlighted; how the declared litigation on this registration affects your risk; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.

Read the whole filing and still not sure? That is what the Rs 499 buyer report is for: the conditions on this record read one by one, the progress against the promise, this promoter's other registrations, what the filed documents themselves say, and a ZIP of every document on the filing. It carries the Rs 299 project watch free for 90 days.

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