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Borana Business Centre
By Mithalal Borana Family Trust
RG-MH-84395 · RERA PM1180002500897 · Last updated on MahaRERA portal: 20 May 2026
Source: official MahaRERA filing
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Red flags
- Litigation declared, 1 case
- Allotment letter deviates from the model form
Clear
- No complaints on record
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
2 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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Borana Business Centre is a Mixed project by Mithalal Borana Family Trust in Mumbai Suburban, Maharashtra, registered with MahaRERA as PM1180002500897 on 22 Sep 2025. Possession is promised by 31 May 2028. 1 of the 128 units on this registration are recorded sold or booked, and 4 of 10 construction stages are filed complete.
At a glance
Project
- NameBorana Business Centre
- TypeMixed
- Location
- N.S. Road
- Mulund
- Kurla
- Mumbai Suburban
- 400080
- Pincode400080
- MapView location on Google Maps (as filed on RERA)
- RERA no.PM1180002500897
- ReraGenie IDRG-MH-84395
Builder
- NameMithalal Borana Family Trust
- Entity typeTrust
- GSTIN27AABTM8407CIZR
- TrusteesPrakash Raichand Borana, Ramesh Mithalal Borana
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on22 Sep 2025
- Promised completion31 May 2028
- Revised completionNone
- Buildings1 building record
- Documents filed14 files
Current status
Figures as on 20 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Borana Business Centre | NA | 21 | 14 | 35 | 93 | 128 |
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 20 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.
4 of 10 construction stages are filed complete. The stage furthest along is Slabs of Super Structure, at 13%.
Borana Business Centre: 41% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 13% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| 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 20 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 facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | No | Not applicable |
| Water Supply | No | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | 0% |
| Storm Water Drains | No | 0% |
| Landscaping & Tree Planting | No | 0% |
| Street Lighting | No | 0% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | No | 10% |
| Water conservation /Rain water harvesting | No | 0% |
| Energy managemcnt | No | 0% |
| Fire protection and fire safety requirements | No | 0% |
| Electrical meter room, sub-station, receiving station | No | 0% |
| Aggregate area of recreational Open Space | No | 0% |
| Open Parking | No | Not applicable |
Parking filed128
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.
Land and ownership
Declared none is the promoter's own declaration to the regulator, not a title search. A search at the sub-registrar is what confirms it.
Approvals and building plan
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| Borana Business Centre | NA | Rs 54.25 cr | Rs 8.68 cr |
| - | NA | Rs 1.75 cr | - |
Certifying professionals and partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Design Oriented Thoughts |
| Engineer | Vishal Raghwani |
| Chartered Accountant | Shashank Rajendra Jain |
| Partner | Role in project |
|---|---|
| Mithalal Borana Family Trust | - |
Litigation declared1
| Case | Court | Status |
|---|---|---|
| RAD/1264 of 2023/2023 | Court Room No. 11 ( Small Cause Court) Hon'ble Shri. A.J. Fatale | Ongoing |
Complaints filed with MahaRERA
No complaints on record against this registration.
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.
- Legal title reportNot on the file
A lawyer's report on who owns the land and what is registered against it.
- Layout approvalNot on the file
The planning authority's approval of how the plots and buildings sit on the land.
- Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 14 Aug 2025 - Commencement CertificateNot on the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
- 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 May 2028
Documents filed14
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath. 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.
| Document | Uploaded |
|---|---|
| Withdrawal Update Form 1File: Form 1.pdf | 20 May 2026 |
| Withdrawal Update Form 2File: Form 2.pdf | 20 May 2026 |
| Withdrawal Update Form 3File: Form 3 Borana 31032026.pdf | 20 May 2026 |
| Withdrawal Update Form 1File: Form 1 of Borana 30092025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 1File: Form 1 31122025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 2File: Form 2 of Borana 30092025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 2File: Form 2 of Borana 31122025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 3File: Form 3 of Borana 30092025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 3File: Form 3 of Borana 31122025.pdf | 30 Jan 2026 |
| Building plan approvalFile: Plan-1- Highlighted.pdf | 14 Aug 2025 |
| Declaration and undertaking (Annexure A)File: Order 50.pdf | 13 Aug 2025 |
| Building plan approvalFile: Mithalal Plan 02 to 04.pdf | 13 Aug 2025 |
| Building plan approvalFile: Mithalal Plan 05 to 08.pdf | 13 Aug 2025 |
| Building plan approvalFile: Mithalal Plan 09 to 11.pdf | 13 Aug 2025 |
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Buyer report
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Project watch
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Builder: Mithalal Borana Family Trust
Mithalal Borana Family Trust has 1 registration on MahaRERA, including Borana Business Centre. Its filings disclose no earlier MahaRERA projects. Litigation is declared on 1 of its registrations. Read the full track record. See more projects on the Mumbai Suburban district page.
Frequently asked questions
What are my rights if Borana Business Centre is delayed beyond 31 May 2028?
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 Borana Business Centre?
The registered promoter entity is Mithalal Borana Family Trust, a trust as per the filing. Its GSTIN 27AABTM8407CIZR can be cross-checked on the MCA and GST portals. 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 Borana Business Centre?
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 current is the construction progress shown for Borana Business Centre?
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 Borana Business Centre?
The professionals named in the filing: Architect: Design Oriented Thoughts; Engineer: Vishal Raghwani; Chartered Accountant: Shashank Rajendra Jain. 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 Borana Business Centre?
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.
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