Home / Browse projects / Thane, Maharashtra / Capsule Business Hub
Capsule Business Hub
By Maa Vaishnavi Builders & Developers
RG-MH-08823 · RERA P51700015836 · Last updated on MahaRERA portal: 11 Jun 2026
Source: official MahaRERA filing
Or get an email each time it changes, with the project watch
Red flags
- Completion date moved by 66 months
- 2 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
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.
See what the report covers Free either way: or have every new Thane registration emailed to you, free during the pilot beta.Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
Capsule Business Hub is a Others project by Maa Vaishnavi Builders & Developers in Thane, Maharashtra, registered with MahaRERA as P51700015836 on 27 Mar 2018. Possession is promised by 31 Dec 2026. The completion date has moved by 66 months from the original filing.
At a glance
Project
- NameCapsule Business Hub
- TypeOthers
- Location
- KALAYN
- KALYAN
- Thane
- 421301
- Pincode421301
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700015836
- ReraGenie IDRG-MH-08823
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on27 Mar 2018
- Promised completion31 Dec 2026
- Revised completionRevised to 31 Dec 2026 (originally 30 Jun 2021)
- Buildings1 building record
- Documents filed100 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Capsule Business Hub | NA | 9 | 0 | 0 | 0 | 0 |
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 11 Jun 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.
5 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 30%.
Capsule Business Hub: 49% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 30% |
| 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. | 10% |
| 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 11 Jun 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 | Yes | 10% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | No | Not applicable |
| Landscaping & Tree Planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | No | Not applicable |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed4
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
MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
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.
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 | Decon consultant |
| Engineer | KHASNIS AND ASSOCIATES |
| Chartered Accountant | ANKIT PARAS JAIN & CO |
| Partner | Role in project |
|---|---|
| Maa Vaishnavi Builders & Developers | - |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterRespected Sir, We, Maa Vaishnavi, have registered for our real estate project "Capsule Business " bearing registration no. P517000185836. The date of completion of the project was given as 30.12.2020 at the time of registration which was extended to 30.06.2021. However, we couldn’t complete said project within the stipulated period due Covid-19 pandemic, inadequate labour supply and changes in DC rules. We have sold/booked only 2 units out of total 53 units. We have obtained 100% consent from them for extension of the project till 31.12.2023 as per Section 7(3) and circular no. 07/2019 dated 0
Reason as filed by the promoterAs per Attachment
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 reportOn the file
A lawyer's report on who owns the land and what is registered against it.
uploaded 26 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 29 Apr 2025 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 29 Apr 2025 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 29 Apr 2025Confirm the Commencement Certificate covers the specific floor you are buying. - 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 2026
Documents filed100
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 100 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.
| Document | Uploaded |
|---|---|
| Form 1File: Form 1 March 2026.pdf | 11 Jun 2026 |
| Form 2File: Form 2 March 2026.pdf | 11 Jun 2026 |
| Form 3File: form-3 maa vaishanavi builders 31-03-2026_0001.pdf | 11 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: Maa Vaishnavi Sold unsold MArch 26_compressed.pdf | 11 Jun 2026 |
| Form 1File: Form 1 June 2025 (1).pdf | 18 May 2026 |
| Form 2File: Form 2 June 25.pdf | 18 May 2026 |
| Form 3File: form-3 maa vaishanavi builders 30-6-2025.pdf | 18 May 2026 |
| Disclosure of Sold and Booked InventoryFile: Maa Vaishnavi Sold unsold June 25_compressed.pdf | 18 May 2026 |
| Form 1File: Form 1 Sept 2025.pdf | 18 May 2026 |
| Form 2File: Form 2 Sept 25.pdf | 18 May 2026 |
| Form 3File: form-3 maa vaishanavi builders 30-9-25.pdf | 18 May 2026 |
| Disclosure of Sold and Booked InventoryFile: Maa Vaishnavi Sold unsold Sept 25_compressed.pdf | 18 May 2026 |
| Form 1File: Form 1 June 2025 (1).pdf | 18 May 2026 |
| Form 2File: Form 2 June 25.pdf | 18 May 2026 |
| Form 3File: form-3 maa vaishanavi builders 30-6-2025.pdf | 18 May 2026 |
| Disclosure of Sold and Booked InventoryFile: Maa Vaishnavi Sold unsold June 25_compressed.pdf | 18 May 2026 |
| Form 1File: Form 1 Sept 2025.pdf | 18 May 2026 |
| Form 2File: Form 2 Sept 25.pdf | 18 May 2026 |
| Form 3File: form-3 maa vaishanavi builders 30-9-25.pdf | 18 May 2026 |
| Disclosure of Sold and Booked InventoryFile: Maa Vaishnavi Sold unsold Sept 25_compressed.pdf | 18 May 2026 |
| Form 1File: Form 1 Dec 2025.pdf | 18 May 2026 |
| Form 2File: Form 2 Dec 2025.pdf | 18 May 2026 |
| Form 3File: form-3 maa vaishanavi builders 31-12-2025.pdf | 18 May 2026 |
| Disclosure of Sold and Booked InventoryFile: Maa Vaishnavi Sold unsold Dec 25_compressed.pdf | 18 May 2026 |
| Form 1File: Form 01 31-03-2025.pdf | 4 Oct 2025 |
| Form 2File: Form 2 31 03 2025 New.pdf | 4 Oct 2025 |
| Form 3File: FORM - 3 Signed by Client.pdf | 4 Oct 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold & Unsold 31 03 25_compressed.pdf | 4 Oct 2025 |
| Form 5 (FY 2024-2025)File: Form-5 FY 2024-25 Signed.pdf | 4 Oct 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: Form A March 22.pdf | 16 May 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Form A March 23.pdf | 16 May 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form A March 24.pdf | 16 May 2025 |
| Layout approvalFile: HPSCANNER0224_compressed.pdf | 29 Apr 2025 |
| Building plan approvalFile: HPSCANNER02245_compressed.pdf | 29 Apr 2025 |
| Copy of Layout Approval (in case of layout)File: HPSCANNER0224_compressed.pdf | 29 Apr 2025 |
| Declaration in FORM BFile: Form B Maa Vaishnavi (1)_compressed.pdf | 29 Apr 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 01 31-03-2025.pdf | 29 Apr 2025 |
| Certificates of CA (Form 3)File: FORM - 3 Signed by Client.pdf | 29 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2 31-03-2025.pdf | 29 Apr 2025 |
| Commencement Certificates / NA Order for plotted developmentFile: CC Revised.pdf | 29 Apr 2025 |
| Building Plan Approval (IOD)File: HPSCANNER02245_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30-6-23_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 31-3-25_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 31-12-24_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30-9-24_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30-6-24_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 31-3-24_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 31-12-23_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30-9-23_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 31-3-23_compressed.pdf | 29 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 31-3-22_compressed.pdf | 29 Apr 2025 |
| Declaration about Commencement CertificateFile: Format D Maa Vaishnavi.pdf | 29 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form-2 30-06-2024.pdf | 28 Jan 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form-2 30-09-2024.pdf | 28 Jan 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form-2 31-12-2024.pdf | 28 Jan 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form-1 31-06-2024.pdf | 22 Jan 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form-1 30-09-2024.pdf | 22 Jan 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form-1 31-12-2024.pdf | 22 Jan 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form-2 31-03-2020.pdf | 22 Jan 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form-2 31-03-2021.pdf | 22 Jan 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form-2 31-03-2022.pdf | 22 Jan 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form-2 31-03-2023.pdf | 22 Jan 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form-2 31-03-2024.pdf | 22 Jan 2025 |
| Certificates of CA (Form 3)File: Form-3 31-03-2021.pdf | 2 Jul 2024 |
| Certificates of CA (Form 3)File: Form-3 31-03-2022.pdf | 2 Jul 2024 |
| Certificates of CA (Form 3)File: form-3 31-03-2023.pdf | 2 Jul 2024 |
| Certificates of CA (Form 3)File: Form-3 30-06-2023.pdf | 2 Jul 2024 |
| Certificates of CA (Form 3)File: Form-3 30-09-2023.pdf | 2 Jul 2024 |
| Certificates of CA (Form 3)File: Form-3 31-12-2023.pdf | 2 Jul 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form-5 Fy 2020-21.pdf | 2 Jul 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form-5 2021-22.pdf | 2 Jul 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form-5 Fy 22-23.pdf | 2 Jul 2024 |
| Layout approvalFile: Plan 1_organized_11zon.pdf | 28 Jun 2024 |
| Layout approvalFile: scan0053_organized_11zon.pdf | 28 Jun 2024 |
| Copy of Layout Approval (in case of layout)File: Plan 1_organized_11zon.pdf | 28 Jun 2024 |
| Copy of Layout Approval (in case of layout)File: scan0053_organized_11zon.pdf | 28 Jun 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: CC.pdf | 28 Jun 2024 |
| Declaration about Commencement CertificateFile: FORM-D.pdf | 2 Jul 2021 |
| OtherFile: FORM-D.pdf | 2 Jul 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Quality Assurance Certificate.pdf | 16 Jun 2021 |
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 2 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 1 other registration and every project registered within 2 km, which the RERA portal never shows together
- All 100 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
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- An email each time this filing moves: new sales, a moved possession date, an extension, a complaint, the occupancy certificate
- Plain words, conditions that have happened marked in red
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Builder: Maa Vaishnavi Builders & Developers
MAA VAISHNAVI BUILDERS & DEVELOPERS has 2 registrations on MahaRERA, including Maa Vaishnavi Complex No 8 and Capsule Business Hub. Its filings disclose 1 earlier MahaRERA project: declares 1 of 1 past projects completed on time. Read the full track record. See more projects on the Thane district page.
Frequently asked questions
What are my rights if Capsule Business Hub is delayed beyond 31 Dec 2026?
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 Capsule Business Hub?
The registered promoter entity is Maa Vaishnavi Builders & Developers, a partnership 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 Capsule Business Hub?
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 Capsule Business Hub?
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 Capsule Business Hub?
The professionals named in the filing: Architect: Decon consultant; Engineer: KHASNIS AND ASSOCIATES; Chartered Accountant: ANKIT PARAS JAIN & CO. 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 Capsule Business Hub?
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; the promoter's record on their other projects, not just this one; why the completion date was revised and what the new timeline depends on. The Rs 499 buyer report works through all of them from the filings.
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