Home / Browse projects / Thane, Maharashtra / HORIZON PEARL
HORIZON PEARL
RG-MH-05430 · RERA P51700050797 · Last updated on MahaRERA portal: 11 Aug 2026
Source: official MahaRERA filing
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Red flags
- Rs 35.00 crore secured on the land, in favour of AU Small Finance Bank Limited
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- All 1 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.
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HORIZON PEARL is a Others project by KM DEVELOPERS in Thane, Maharashtra, registered with MahaRERA as P51700050797 on 3 May 2023. Possession is promised by 30 Apr 2027. 91 of the 170 units on this registration are recorded sold or booked, and 4 of 11 construction stages are filed complete.
At a glance
Project
- NameHORIZON PEARL
- TypeOthers
- Location
- SECTOR VI
- OWALE
- Thane (M Corp.)
- Thane
- 400615
- Pincode400615
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700050797
- ReraGenie IDRG-MH-05430
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on3 May 2023
- Promised completion30 Apr 2027
- Revised completionNone
- Buildings1 building record
- Documents filed81 files
Current status
Figures as on 11 Aug 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 Bldg1 Tahitian Commercial and Bldg 1 Akoya Residential | NA | 25 | 25 | 167 | 3 | 170 |
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 Aug 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 11 construction stages are filed complete. The stage furthest along is Internal walls, at 75%.
Horizon Pearl Bldg1 Tahitian Commercial and Bldg 1 Akoya Residential: 65% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| 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 | 75% |
| Sanitary Fittings within the flats / premises | 70% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 65% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 75% |
| 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. | 35% |
Progress on shared amenities15
As on 11 Aug 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 | Yes | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| Community Buildings | Yes | 0% |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 0% |
| Solid Waste Management And Disposal | Yes | 0% |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | No | Not applicable |
Parking filed203
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 ownership3
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 |
|---|---|---|
| RAKESH BABAN BORHADE | Thane (M Corp.) | Thane |
| GOVIND SOPAN KAKADE | Thane (M Corp.) | Thane |
| YOGESH BABANRAO BORHADE | 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 Bldg1 Tahitian Commercial and Bldg 1 Akoya Residential | NA | Rs 53.67 cr | Rs 33.63 cr |
Certifying professionals and partners4
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | SCAPES ARCHITECTS PLANNER |
| Engineer | Associated Structural Engineers LLP |
| Chartered Accountant | Hariya and Ganatra Chartered Accountants |
| Chartered Accountant | ANJALI GHATKAR & CO. |
| 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 12 Apr 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 8 Sep 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 12 Apr 2023 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 8 Sep 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 30 Apr 2027
Documents filed81
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 81 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 |
|---|---|
| Withdrawal Update Form 1File: FORM 1 Horizon Pearl _Q1 FY 26-27.pdf | 11 Aug 2026 |
| Withdrawal Update Form 2File: FORM 2 Horizon Pearl _Q1 FY 26-27.pdf | 11 Aug 2026 |
| Withdrawal Update Form 3File: FORM 3 Horizon Pearl _Q1 FY 26-27 signed.pdf | 11 Aug 2026 |
| Withdrawal Update Form 1File: FORM 1 Horizon Pearl _Q1 FY 26-27.pdf | 10 Aug 2026 |
| Withdrawal Update Form 2File: FORM 2 Horizon Pearl _Q1 FY 26-27.pdf | 10 Aug 2026 |
| Withdrawal Update Form 3File: FORM 3 Horizon Pearl _Q1 FY 26-27 signed.pdf | 10 Aug 2026 |
| 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 Q4 FY 25-26_11zon.pdf | 21 May 2026 |
| Form 2A (FY 2025-2026)File: Form 2A FY 25-26.pdf | 21 May 2026 |
| Withdrawal Update Form 1File: System_generated_Form_1_Q3_Pearl.pdf | 12 Feb 2026 |
| Withdrawal Update Form 2File: System_generated_Form_2_Q3_Pearl.pdf | 12 Feb 2026 |
| Withdrawal Update Form 3File: Form_3_Q3_Pearl_compressed.pdf | 12 Feb 2026 |
| Withdrawal Update Form 1File: System_Generated_Form_1_Q2_Pearl-signed.pdf | 5 Feb 2026 |
| Withdrawal Update Form 2File: System_Generated_Form_2_Q2_Pearl-signed.pdf | 5 Feb 2026 |
| Withdrawal Update Form 3File: Form-3-_Horizon_Pearl-Sep-2025-KM_Dev_compressed.pdf | 5 Feb 2026 |
| Form 5 (FY 2024-2025)File: Form 5 Horizon Pearl KM Developers FY 2024 25.pdf | 13 Jan 2026 |
| Form 5 (FY 2023-2024)File: Form 5 23-24.pdf | 19 Sep 2025 |
| Form 2A (FY 2024-2025)File: Engineer_s_Certificate_For_Quality_Assurance_-_31-03-2025_Horizon_Pearl.pdf | 18 Sep 2025 |
| Form 1File: Form-1-_Horizon_Pearl-Mar-2025-KM_Dev.pdf | 16 Sep 2025 |
| Form 2File: Form-2-_Horizon_Pearl-Mar-2025-KM_Dev signed.pdf | 16 Sep 2025 |
| Form 3File: Form-3-_Horizon_Pearl-Mar-2025-KM_Dev_REVISED signed.pdf | 16 Sep 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure_of_sold_and_unsold_inventory_for_Horizon_Pearl_Q4.pdf | 16 Sep 2025 |
| Layout approvalFile: CC_Plan_Copy-Horizon_Pearl-Dt_31-03-2025-_KM_Developers_compressed.pdf | 8 Sep 2025 |
| Commencement certificateFile: Commencement_Certificate_-_HORIZON_PEARL_DATED_31-03-2025.pdf | 8 Sep 2025 |
| Withdrawal Update Form 1File: Form-1-_Horizon_Pearl-Jun-2025-KM_Dev.pdf | 8 Sep 2025 |
| Withdrawal Update Form 2File: Form-2-_Horizon_Pearl-Jun-2025-KM_Dev.pdf | 8 Sep 2025 |
| Withdrawal Update Form 3File: Form-3-_Horizon_Pearl-Jun-2025-KM_Dev.pdf | 8 Sep 2025 |
| Commencement Certificates / NA Order for plotted developmentFile: Cert_RB_485002_407Z2LkPSign.pdf | 1 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 8 Architect’s Certificate of Percentage of Completion of Work (Form 1).pdf | 3 Mar 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 7 CA Certificate on Project Cost and Fund withdrawal (Form 3).pdf | 3 Mar 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 7 Engineer’s Certificate on Cost Incurred on Project (Form 2).pdf | 3 Mar 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: 1 Annual Audit Report of Statutory CA (Form 5) (FY 2023-24).pdf | 3 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 7 Architect’s Certificate of Percentage of Completion of Work (Form 1).pdf | 22 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 6 CA Certificate on Project Cos and Fund withdrawal (Form 3).pdf | 22 Nov 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 6 Engineer’s Certificate on Cost Incurred on Project (Form 2).pdf | 22 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1_Mar 24.pdf | 27 Jul 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form_1_June-24.pdf | 27 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form_2_-_June-24_compressed.pdf | 27 Jul 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form - 2A_FY 23-24.pdf | 27 Jul 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure_of_Sold_Unsold_Unit_inventory_compressed.pdf | 27 Jul 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Horizon_Pearl_revised_form-3_compressed.pdf | 27 Jul 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 4 Architect’s Certificate of Percentage of Completion of Work (Form 1).pdf | 2 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 4 Engineer’s Certificate on Cost Incurred on Project (Form 2).pdf | 2 Apr 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 4 CA Certificate on Project Cost and fund withdrawal (Form 3).pdf | 2 Apr 2024 |
| Details of encumbrances concerned to FinanceFile: Rera Encumbrance Letter.pdf | 5 Jan 2024 |
| Details of encumbrances concerned to LegalFile: Rera Encumbrance Letter.pdf | 5 Jan 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 3 Architect’s Certificate of Percentage of Completion of Work (Form 1).pdf | 5 Jan 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 3 Engineer’s Certificate on Cost Incurred on Project (Form 2).pdf | 5 Jan 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3 CA Certificate on Project Cost and Fund withdrawal (Form 3).pdf | 5 Jan 2024 |
| Proforma of Agreement for saleFile: Agreement Draft Format as per AU Finance Bank - Copy.pdf | 5 Jan 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 2 Architect’s Certificate of Percentage of Completion of Work (Form 1).pdf | 9 Sep 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2 Engineer’s Certificate on Cost Incurred on Project (Form 2).pdf | 9 Sep 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 2 CA Certificate on Project Cost and Fund withdrawal (Form 3).pdf | 9 Sep 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: KS_Disclosure.pdf | 25 Apr 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: MS_Disclosure.pdf | 25 Apr 2023 |
| Proforma of Agreement for saleFile: Updated_RERA Agreement.pdf | 25 Apr 2023 |
| Deviation Report with respect to model copy of AgreementFile: Deviation_report.pdf | 25 Apr 2023 |
| Layout approvalFile: CC_Plan_Copy-Horizon_Pearl.pdf | 12 Apr 2023 |
| Building plan approvalFile: CC_Plan_Copy-Horizon_Pearl.pdf | 12 Apr 2023 |
| PAN CardFile: PAN KM DEVELOPERS.pdf | 12 Apr 2023 |
| Copy of the legal title reportFile: Legal_title_report_E.pdf | 12 Apr 2023 |
| Details of encumbrances concerned to FinanceFile: financial___legal_encumbrance_position_as_on_11th_april_2023.pdf | 12 Apr 2023 |
| Details of encumbrances concerned to LegalFile: financial___legal_encumbrance_position_as_on_11th_april_2023.pdf | 12 Apr 2023 |
| Copy of Layout Approval (in case of layout)File: CC_Plan_Copy-Horizon_Pearl.pdf | 12 Apr 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: CC_Plan_Copy-Horizon_Pearl.pdf | 12 Apr 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: CC_Compressed.pdf | 12 Apr 2023 |
| Declaration about Commencement CertificateFile: declaration_about_commencement_certificate.pdf | 12 Apr 2023 |
| Declaration in FORM BFile: Form_B_compressed.pdf | 12 Apr 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form_-_1_Signed_compressed.pdf | 12 Apr 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form-2_compressed.pdf | 12 Apr 2023 |
| CERSAI detailsFile: Debtor Based Report.pdf | 12 Apr 2023 |
| CERSAI detailsFile: Debtor Based Report_2.pdf | 12 Apr 2023 |
| CERSAI detailsFile: Asset BAsed report_compressed.pdf | 12 Apr 2023 |
| CERSAI detailsFile: Asset BAsed report_1.pdf | 12 Apr 2023 |
| CERSAI detailsFile: undertaking_relating_to_cersai_Asset.pdf | 12 Apr 2023 |
| CERSAI detailsFile: undertaking_relating_to_cersai_Debtor.pdf | 12 Apr 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form-3_compressed.pdf | 12 Apr 2023 |
| Proforma of Allotment letterFile: Allotment_letter_compressed (1).pdf | 12 Apr 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: declaration_about_separate_bank_account_for_real_estate_projects.pdf | 12 Apr 2023 |
Promoter's earlier projects1
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 | Registered | Status | Promised | Delivered |
|---|---|---|---|---|---|
| HORIZON PALMS IIP51700011148 | OWALE, Thane | Aug 2017 | Completed | Apr 2022 | Apr 2022 |
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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 81 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
- A summary of everything that changed when the 90 days end
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See every Thane project, with the district possession charts
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 is delayed beyond 30 Apr 2027?
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?
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?
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?
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?
The professionals named in the filing: Architect: SCAPES ARCHITECTS PLANNER; Engineer: Associated Structural Engineers LLP; Chartered Accountant: Hariya and Ganatra Chartered Accountants; Chartered Accountant: ANJALI GHATKAR & 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 HORIZON PEARL?
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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