Home / Browse projects / Thane, Maharashtra / Horizon Pearl II
Horizon Pearl II
RG-MH-31447 · RERA P51700079782 · Last updated on MahaRERA portal: 21 May 2026
Source: official MahaRERA filing
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Red flags
- Rs 36.00 crore secured on the land, in favour of DCB Bank
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- All 2 earlier projects delivered on promise
1 condition is 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.
Horizon Pearl II is a Residential / Group Housing project by KM Developers in Thane, Maharashtra, registered with MahaRERA as P51700079782 on 26 Mar 2025. Possession is promised by 31 Dec 2028. 33 of the 151 units on this registration are recorded sold or booked, and 2 of 22 construction stages are filed complete.
At a glance
Project
- NameHorizon Pearl II
- TypeResidential / Group Housing
- Location
- Owale
- Thane
- Thane (M Corp.)
- 400615
- Pincode400615
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700079782
- ReraGenie IDRG-MH-31447
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on26 Mar 2025
- Promised completion31 Dec 2028
- Revised completionNone
- Buildings2 building records
- Documents filed63 files
Current status
Figures as on 21 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Horizon Pearl II - Wing A | NA | 5 | 1 | 6 | 0 | 6 |
| Horizon Pearl II - Wing B | NA | 29 | 25 | 145 | 0 | 145 |
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 building2
As on 21 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.
2 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Excavation, at 70%.
Horizon Pearl II - Wing A5%
| Activity | Progress |
|---|---|
| Excavation | 60% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| 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% |
Horizon Pearl II - Wing B32%
| Activity | Progress |
|---|---|
| Excavation | 70% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 67% |
| Slabs of Super Structure | 18% |
| 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 21 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 | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| 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 filed1054
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.
| Building | Closed/Covered | Total |
|---|---|---|
| Horizon Pearl II - Wing A | 527 | 527 |
| Horizon Pearl II - Wing B | 527 | 527 |
Land and ownership77
MahaRERA does not publish landowner contact details. 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.
| Landowner | Village | District |
|---|---|---|
| Anjana AKA Anjali Janardan Mukadum | Thane (M Corp.) | Thane |
| ABHAY JANARDAN MUKADUM | Thane (M Corp.) | Thane |
| Madhuri Kailas Patil AKA MadhuriJanardan Patil | Thane (M Corp.) | Thane |
| Rupali Rajendra Patil AKA Rupali Janardan Patil | Thane (M Corp.) | Thane |
| Chandrakant Bhaskar Mukadum | Thane (M Corp.) | Thane |
| Laxmi Chandrakant Mukadum | Thane (M Corp.) | Thane |
| Sushant Chandrakant Mukadum | Thane (M Corp.) | Thane |
| Swati Rajesh Patil AKA Swati Chandrakant Mukadum | Thane (M Corp.) | Thane |
| Shwetambara Prafulla Vaity | Thane (M Corp.) | Thane |
| Dnyaneshwar Bhaskar Mukadum | Thane (M Corp.) | Thane |
| Asha Dnyaneshwar Mukadum | Thane (M Corp.) | Thane |
| Manish Dnyaneshwar Mukadum | Thane (M Corp.) | Thane |
| Vrushali Rupesh Bhoir | Thane (M Corp.) | Thane |
| Hirabai Vasudev Mhatre | Thane (M Corp.) | Thane |
| Vinod Vasudev Mhatre | Thane (M Corp.) | Thane |
| Mininath Vasudev Mhatre | Thane (M Corp.) | Thane |
| Anjali Chandrakant Bhoir AKA Anjali Vasudev Mhatre | Thane (M Corp.) | Thane |
| Rekha Suresh Bhoir AKA Rekha Bhaskar Mukadum | Thane (M Corp.) | Thane |
| Vikas Suresh Bhoir | Thane (M Corp.) | Thane |
| Mayur Suresh Bhoir | Thane (M Corp.) | Thane |
| Sheetal Sameer Vaity AKA Sheetal Suresh Bhoir | Thane (M Corp.) | Thane |
| Vasanti Bhaskar Mukadum | Thane (M Corp.) | Thane |
| Ashwin Bhaskar Mukadum | Thane (M Corp.) | Thane |
| Sharmila Vinod Vaity AKA Sharmila Vasudev Mhatre | Thane (M Corp.) | Thane |
| Jayvant Nathu Mukadam | Thane (M Corp.) | Thane |
| Ganesh Nathu Mukadum | Thane (M Corp.) | Thane |
| Rajesh Nathu Mukadum | Thane (M Corp.) | Thane |
| Jankubai Vinayak Mhatre | Thane (M Corp.) | Thane |
| NARENDRA VINAYAK MHATRE | Thane (M Corp.) | Thane |
| JITENDRA VINAYAK MHATRE | Thane (M Corp.) | Thane |
| DRAVESH GANESH MUKADUM | Thane (M Corp.) | Thane |
| AJINKYA GANESH MUKADUM | Thane (M Corp.) | Thane |
| KAILAS HARISHCHANDRA PATIL | Thane (M Corp.) | Thane |
| JAYESH HARISHCHANDRA PATIL | Thane (M Corp.) | Thane |
| RUPALI KISHOR BHOIR AKA Rupali Harishchandra Patil | Thane (M Corp.) | Thane |
| Lalita Sachin Patil AKA Lalita Harishchandra Patil | Thane (M Corp.) | Thane |
| PADMAKAR TUKARAM MUKADUM | Thane (M Corp.) | Thane |
| SACHIN PADMAKAR MUKADUM | Thane (M Corp.) | Thane |
| BHAVESH PADMAKAR MUKADUM | Thane (M Corp.) | Thane |
| DINANATH TUKARAM MUKADUM | Thane (M Corp.) | Thane |
| MOHINI DINANNATH MUKADUM | Thane (M Corp.) | Thane |
| Disha Dinananth Mukadum | Thane (M Corp.) | Thane |
| Aakansha Dinanath Mukadum | Thane (M Corp.) | Thane |
| Deep Dinanath Mukadum AKA Dinanath Tukaram Mukadum | Thane (M Corp.) | Thane |
| Ramesh Tukaram Mukadum | Thane (M Corp.) | Thane |
| Reena Ramesh Mukadum | Thane (M Corp.) | Thane |
| Harshita Ramesh Mukadum | Thane (M Corp.) | Thane |
| Vedant Ramesh Mukadum AKA Ramesh Tukaram Mukadum | Thane (M Corp.) | Thane |
| Arvind Tukaram Mukadum | Thane (M Corp.) | Thane |
| Usha Arvind Mukadum | Thane (M Corp.) | Thane |
| Chandan Arvind Mukadum | Thane (M Corp.) | Thane |
| Riyansh Arvind Mukadum | Thane (M Corp.) | Thane |
| SURYAKANT NATHU MUKADUM | Thane (M Corp.) | Thane |
| MANORAM SURYAKANT MUKADUM | Thane (M Corp.) | Thane |
| SUNIL SURYAKANT MUKADUM | Thane (M Corp.) | Thane |
| POOJA SUNIL MUKADUM | Thane (M Corp.) | Thane |
| Hemangi Sandeep Mhatre AKA HemangiSuryakantMukadum | Thane (M Corp.) | Thane |
| Parvatibai Tukaram Mukadum | Thane (M Corp.) | Thane |
| Chandrashekhar Anant Mhatre | Thane (M Corp.) | Thane |
| Shashikant Anant Mhatre | Thane (M Corp.) | Thane |
| Prabhavati Tukaram Mukadum | Thane (M Corp.) | Thane |
| Pushpa Tukaram Mukadum | Thane (M Corp.) | Thane |
| Savitri Tukaram Mukadum | Thane (M Corp.) | Thane |
| Laxmi Tukaram Mukadum | Thane (M Corp.) | Thane |
| VIKRANT GANESH MUKADUM | Thane (M Corp.) | Thane |
| PRAMILA RAJESH MUKADUM | Thane (M Corp.) | Thane |
| BHAVIKA RAJESH MUKADUM | Thane (M Corp.) | Thane |
| Sujal Rajesh Mukadum AKA Rajesh Nathu Mukadum | Thane (M Corp.) | Thane |
| LATA HARISHCHANDRA PATIL | Thane (M Corp.) | Thane |
| VAISHALI VINAYAK MHATRE | Thane (M Corp.) | Thane |
| KAMINI JAYWANT MUKADUM | Thane (M Corp.) | Thane |
| SANKET JAYWANT MUKADUM | Thane (M Corp.) | Thane |
| DIVYA SANKET MUKADUMAKA DIVYA CHANDRASHEKHAR PATIL | Thane (M Corp.) | Thane |
| AKSHAY JAYWANT MUKADUM | Thane (M Corp.) | Thane |
| Swapnali Khushal Bhoir AKA SwapnaliJaywant Mukadum | Thane (M Corp.) | Thane |
| TARAMATI GANESH MUKADUM | Thane (M Corp.) | Thane |
| Katnibai AKA Krushnabai Bhaskar Mukadum | Thane (M Corp.) | Thane |
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 |
|---|---|---|---|
| Horizon Pearl II - Wing A | NA | Rs 21.80 cr | Rs 3.60 cr |
| Horizon Pearl II - Wing B | NA | Rs 21.80 cr | Rs 3.60 cr |
| - | NA | Rs 4.36 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 | Right Space Consultanats |
| Engineer | Associated Structural Engineers LLP |
| Chartered Accountant | Hariya & Ganatra |
| Partner | Role in project |
|---|---|
| KM Developers | - |
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 20 Jan 2025 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 28 Jan 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 28 Jan 2025 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 27 Jan 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 2028
Documents filed63
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 FY 25-26 .pdf | 21 May 2026 |
| Withdrawal Update Form 2File: Form 2 FY 25-26.pdf | 21 May 2026 |
| Withdrawal Update Form 3File: Form 3 FY 25-26 _11zon.pdf | 21 May 2026 |
| Form 2A (FY 2025-2026)File: Form 2A FY 25-26.pdf | 21 May 2026 |
| Form 2A (FY 2024-2025)File: Form-2A-Engineer_s_Certificate_For_Quality_Assurance_-_31-03-2025_Horizon_Pearl-II.pdf | 27 Apr 2026 |
| Withdrawal Update Form 1File: Form-1-System_generated__Pearl_II_Q3.pdf | 12 Feb 2026 |
| Withdrawal Update Form 2File: Form-2-System_generated__Pearl_II_Q3.pdf | 12 Feb 2026 |
| Withdrawal Update Form 3File: Form-3-System_generated__Pearl_II_Q3_compressed.pdf | 12 Feb 2026 |
| Form 5 (FY 2024-2025)File: Form 5 Horizon Pearl II KM Developers FY 2024 25.pdf | 13 Jan 2026 |
| Withdrawal Update Form 1File: FORM-1-Q2-PEARL-II-30-09-2025.pdf | 13 Nov 2025 |
| Withdrawal Update Form 2File: FORM-2-Q2-PEARL-II-30-09-2025.pdf | 13 Nov 2025 |
| Withdrawal Update Form 3File: FORM-3-Q2-PEARL-II-30-09-2025_compressed.pdf | 13 Nov 2025 |
| Withdrawal Update Form 1File: FORM-1-PEARL-II-30-06-2025.pdf | 9 Sep 2025 |
| Withdrawal Update Form 2File: FORM-2-PEARL-II-30-06-2025 (1).pdf | 9 Sep 2025 |
| Withdrawal Update Form 3File: FORM-3-PEARL-II-30-06-2025.pdf | 9 Sep 2025 |
| Withdrawal Update Form 1File: FORM-1-PEARL-II-30-06-2025.pdf | 26 Aug 2025 |
| Withdrawal Update Form 2File: FORM-2-PEARL-II-30-06-2025 (1).pdf | 26 Aug 2025 |
| Withdrawal Update Form 3File: FORM-3-PEARL-II-30-06-2025.pdf | 26 Aug 2025 |
| Other - FinanceFile: POA 4.pdf | 16 Mar 2025 |
| Other - FinanceFile: POA 3.pdf | 16 Mar 2025 |
| Other - FinanceFile: POA 2.pdf | 16 Mar 2025 |
| Other - FinanceFile: POA Merged_11zon.pdf | 16 Mar 2025 |
| Other - TechnicalFile: FORM_B_COMPANY_KM_DEVELOPERS-min.pdf | 28 Feb 2025 |
| Other - FinanceFile: Declaration regarding not selling units Revised as on 25-03-2025.pdf | 20 Feb 2025 |
| CERSAI detailsFile: Debtor Based Report.pdf | 29 Jan 2025 |
| CERSAI detailsFile: Asset Based Report.pdf | 29 Jan 2025 |
| CERSAI detailsFile: Debtor Based Declaration.pdf | 29 Jan 2025 |
| Layout approvalFile: Layout_1- 2.pdf | 28 Jan 2025 |
| Layout approvalFile: Layout_3-4-7.pdf | 28 Jan 2025 |
| Layout approvalFile: Layout_5-6.pdf | 28 Jan 2025 |
| Building plan approvalFile: Layout_1- 2.pdf | 28 Jan 2025 |
| Building plan approvalFile: Layout_3-4-7.pdf | 28 Jan 2025 |
| Building plan approvalFile: Layout_5-6.pdf | 28 Jan 2025 |
| Building plan approvalFile: CC_compressed.pdf | 28 Jan 2025 |
| Copy of Layout Approval (in case of layout)File: Layout_1- 2.pdf | 28 Jan 2025 |
| Copy of Layout Approval (in case of layout)File: Layout_3-4-7.pdf | 28 Jan 2025 |
| Copy of Layout Approval (in case of layout)File: Layout_5-6.pdf | 28 Jan 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Revised_Form 3_05 Mar 25.pdf | 28 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Layout_1- 2.pdf | 28 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Layout_3-4-7.pdf | 28 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Layout_5-6.pdf | 28 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: CC_compressed.pdf | 28 Jan 2025 |
| Proforma of Allotment letterFile: Proforma_Allotment_Letter.pdf | 27 Jan 2025 |
| Commencement Certificates / NA Order for plotted developmentFile: CC_compressed.pdf | 27 Jan 2025 |
| Other - TechnicalFile: K M Developer II Rera Mail (1).pdf | 27 Jan 2025 |
| Other - TechnicalFile: One Plot One Registration.pdf | 27 Jan 2025 |
| Proforma of Agreement for saleFile: AFS_28022025.pdf | 27 Jan 2025 |
| Disclosure for secured/unsecured finance availed for the projectFile: revised_disclosure_for_secured_-_unsecured_finance_availed_for_the_project.pdf | 27 Jan 2025 |
| Copy of the legal title reportFile: Revised_Legal_Title_Report_-_12-02-2025.pdf | 20 Jan 2025 |
| Details of encumbrances concerned to FinanceFile: Financial and Legal encumbrance position.pdf | 20 Jan 2025 |
| Declaration in FORM BFile: Form B 500 rs.pdf | 20 Jan 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form - 1.pdf | 20 Jan 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2.pdf | 20 Jan 2025 |
| Declaration about Commencement CertificateFile: Declaration about CC.pdf | 20 Jan 2025 |
| CERSAI detailsFile: Asset Based Report.pdf | 20 Jan 2025 |
| Declaration about all RERA Designated Bank Accounts (Format A)File: On Promoter Letterhead_Declaration about seperate bank account for real estate projects.pd | 20 Jan 2025 |
| Deviation Report with respect to Allotment letterFile: Deviation Report with respect to allotment letter.pdf | 20 Jan 2025 |
| Details of encumbrances concerned to LegalFile: Financial and Legal encumbrance position.pdf | 20 Jan 2025 |
| Deviation Report with respect to model copy of AgreementFile: Deviation Report with respect to agreement for sale.pdf | 20 Jan 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Kshitij Shinde_Disclosure of interest in other real estate organizations.pdf | 20 Jan 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Mohan Shinde_Disclosure of interest in other real estate organization.pdf | 20 Jan 2025 |
| Letter from the bank regarding the opening of RERA Designated Bank Accounts (Format B)File: On Bank Letterhead_Format A.pdf | 20 Jan 2025 |
| PAN CardFile: Pan-K M Developers.pdf | 18 Jan 2025 |
Promoter's earlier projects2
As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.
| Project | Location | Flats | Status | Promised | Delivered |
|---|---|---|---|---|---|
| Horizon Plams IV | Thane | 2 | Ongoing | Dec 2027 | Dec 2027 |
| HORIZON PEARL | Thane | 1 | Ongoing | Apr 2027 | Apr 2027 |
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How this compares with Thane
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 1 condition on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 3 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 63 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: KM Developers
KM DEVELOPERS has 4 registrations on MahaRERA, including HORIZON PALMS - III and HORIZON PEARL. Its filings disclose 4 earlier MahaRERA projects: declares 4 of 4 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 Horizon Pearl II is delayed beyond 31 Dec 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 Horizon Pearl II?
The registered promoter entity is KM 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 Horizon Pearl II?
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 Horizon Pearl II?
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 Horizon Pearl II?
The professionals named in the filing: Architect: Right Space Consultanats; Engineer: Associated Structural Engineers LLP; Chartered Accountant: Hariya & Ganatra. 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 Horizon Pearl II?
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; 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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