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ICON BY MERX
RG-MH-40255 · RERA P51900080981 · Last updated on MahaRERA portal: 12 Aug 2026
Source: official MahaRERA filing
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Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against every project registered within 2 km.
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ICON BY MERX is a Others project by MAGNUM LAND REALTORS LLP in BYCULLA, 400011, registered with MahaRERA as P51900080981 on 22 Sep 2025. Possession is promised by 31 Dec 2029. 0 of the 218 units on this registration are recorded sold or booked, and 0 of 22 construction stages are filed complete.
At a glance
Project
- NameICON BY MERX
- TypeOthers
- Location
- PAIS STREET
- BYCULLA
- 400011
- Pincode400011
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51900080981
- ReraGenie IDRG-MH-40255
Builder
- NameMAGNUM LAND REALTORS LLP
- Entity typeOthers
- GSTIN27AAZFM2400R1ZK
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on22 Sep 2025
- Promised completion31 Dec 2029
- Revised completionNone
- Buildings2 building records
- Documents filed133 files
Current status
Figures as on 12 Aug 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| WING C | NA | 7 | 7 | 0 | 24 | 24 |
| WING A B | NA | 34 | 34 | 194 | 0 | 194 |
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 12 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.
0 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Excavation, at 0%.
WING C0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| 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% |
WING A B0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| 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% |
Progress on shared amenities15
As on 12 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 | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| 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 | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed739
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 ownership1
MahaRERA does not publish landowner contact details. 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.
| Landowner | Village | District |
|---|---|---|
| GREATER UNITED INDUSTRIAL ESTATE COOPERATIVE LTD | - | Mumbai City |
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 | KALPESH L SHAH |
| Engineer | SHANGHVI AND ASSOCIATES CONSULTANTS PVT LTD |
| Chartered Accountant | SANKET R SHAH AND ASSOCIATES |
| Partner | Role in project |
|---|---|
| MAGNUM LAND REALTORS LLP | - |
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 4 Sep 2025 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 12 Aug 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 Aug 2025 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 2 May 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 2029
Documents filed133
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 133 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: Scan Form 1 till March 2026.pdf | 12 Aug 2026 |
| Form 2File: Scan Form 2 till March 2026.pdf | 12 Aug 2026 |
| Form 3File: Scan Form-III_Mar-2026_F.pdf | 12 Aug 2026 |
| Disclosure of Sold and Booked InventoryFile: Scan Inventory details till March 2026.pdf | 12 Aug 2026 |
| Form 1File: Scan Form 1 till June 2026.pdf | 12 Aug 2026 |
| Form 2File: Scan Form 2 till June 2026.pdf | 12 Aug 2026 |
| Form 3File: Scan Form-III_June-2026_F.pdf | 12 Aug 2026 |
| Disclosure of Sold and Booked InventoryFile: Scan Inventory details till June 2026.pdf | 12 Aug 2026 |
| Form 1File: Form-I Architect Cert for RERA - Dec25 dtd 02-01-2026.pdf | 3 Apr 2026 |
| Form 2File: Engineer Cert for RERA - Dec25 dtd 02-03-2026.pdf | 3 Apr 2026 |
| Form 3File: FORM-III RERA Cert - Dec25 dtd 14-03-2026.pdf | 3 Apr 2026 |
| Disclosure of Sold and Booked InventoryFile: RERA Sale details 31-Dec-2025.pdf | 3 Apr 2026 |
| Form 1File: Form-I - Icon by Merx.pdf | 3 Apr 2026 |
| Form 2File: Form-II - Icon by Merx.pdf | 3 Apr 2026 |
| Form 3File: Form-III - Icon by Merx.pdf | 3 Apr 2026 |
| Disclosure of Sold and Booked InventoryFile: Inventory - Icon by Merx.pdf | 3 Apr 2026 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form III - Magnum.pdf | 19 Sep 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form III - Magnum.pdf | 19 Sep 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form III - Magnum.pdf | 19 Sep 2025 |
| Other - LegalFile: DA-Regd 06 Pg 196 - 219.pdf | 16 Sep 2025 |
| Other - LegalFile: 3 Online Property Card.pdf | 16 Sep 2025 |
| Other - LegalFile: 2 Renewal Letter.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 05 Pg 147 - 195.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 03 Pg 74-111.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 02 Pg 38-73.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 01 Pg 01-37.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 04 Pg 112 - 146.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 06 Pg 196 - 219.pdf | 16 Sep 2025 |
| Other - LegalFile: 3 Online Property Card.pdf | 16 Sep 2025 |
| Other - LegalFile: 2 Renewal Letter.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 05 Pg 147 - 195.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 03 Pg 74-111.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 02 Pg 38-73.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 01 Pg 01-37.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 04 Pg 112 - 146.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 06 Pg 196 - 219.pdf | 16 Sep 2025 |
| Other - LegalFile: 3 Online Property Card.pdf | 16 Sep 2025 |
| Other - LegalFile: 2 Renewal Letter.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 05 Pg 147 - 195.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 03 Pg 74-111.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 02 Pg 38-73.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 01 Pg 01-37.pdf | 16 Sep 2025 |
| Other - LegalFile: DA-Regd 04 Pg 112 - 146.pdf | 16 Sep 2025 |
| Details of encumbrances concerned to FinanceFile: Encumrance Finance N Legal - Icon by Merx.pdf | 10 Sep 2025 |
| Details of encumbrances concerned to LegalFile: Encumrance Finance N Legal - Icon by Merx.pdf | 10 Sep 2025 |
| Details of encumbrances concerned to FinanceFile: Encumrance Finance N Legal - Icon by Merx.pdf | 10 Sep 2025 |
| Details of encumbrances concerned to LegalFile: Encumrance Finance N Legal - Icon by Merx.pdf | 10 Sep 2025 |
| Details of encumbrances concerned to FinanceFile: Encumrance Finance N Legal - Icon by Merx.pdf | 10 Sep 2025 |
| Details of encumbrances concerned to LegalFile: Encumrance Finance N Legal - Icon by Merx.pdf | 10 Sep 2025 |
| Other - LegalFile: Lease Agreement dtd 25-01-1916 Greater United_compressed.pdf | 5 Sep 2025 |
| Declaration about Commencement CertificateFile: Format-D Rera 04-09-2025.pdf | 5 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure Intt- Real Estate -Ravi Sanghvi 04-09-2025.pdf | 5 Sep 2025 |
| Other - LegalFile: Lease Agreement dtd 25-01-1916 Greater United_compressed.pdf | 5 Sep 2025 |
| Declaration about Commencement CertificateFile: Format-D Rera 04-09-2025.pdf | 5 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure Intt- Real Estate -Ravi Sanghvi 04-09-2025.pdf | 5 Sep 2025 |
| Other - LegalFile: Lease Agreement dtd 25-01-1916 Greater United_compressed.pdf | 5 Sep 2025 |
| Declaration about Commencement CertificateFile: Format-D Rera 04-09-2025.pdf | 5 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure Intt- Real Estate -Ravi Sanghvi 04-09-2025.pdf | 5 Sep 2025 |
| Copy of the legal title reportFile: Legal Title Report 31072025.pdf | 4 Sep 2025 |
| Proforma of Agreement for saleFile: AFS - Icon by Merx.pdf | 4 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Rahul.pdf | 4 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Girish.pdf | 4 Sep 2025 |
| Copy of the legal title reportFile: Legal Title Report 31072025.pdf | 4 Sep 2025 |
| Proforma of Agreement for saleFile: AFS - Icon by Merx.pdf | 4 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Rahul.pdf | 4 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Girish.pdf | 4 Sep 2025 |
| Copy of the legal title reportFile: Legal Title Report 31072025.pdf | 4 Sep 2025 |
| Proforma of Agreement for saleFile: AFS - Icon by Merx.pdf | 4 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Rahul.pdf | 4 Sep 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Girish.pdf | 4 Sep 2025 |
| Layout approvalFile: IOD DRAWING 20th March 24_compressed.pdf | 12 Aug 2025 |
| Layout approvalFile: IOD DRAWING 20th March 24_compressed.pdf | 12 Aug 2025 |
| Layout approvalFile: IOD DRAWING 20th March 24_compressed.pdf | 12 Aug 2025 |
| Copy of Layout Approval (in case of layout)File: IOD DRAWING 20th March 24_compressed.pdf | 12 Aug 2025 |
| CERSAI detailsFile: Cersai Declaration -R.pdf | 12 Aug 2025 |
| Declaration about all RERA Designated Bank Accounts (Format A)File: Format - A Bank Disclosure Stamped.pdf | 12 Aug 2025 |
| Deviation Report with respect to model copy of AgreementFile: Deviation-AFS rev.pdf | 12 Aug 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure Ravi Sanghvi.pdf | 12 Aug 2025 |
| Copy of Layout Approval (in case of layout)File: IOD DRAWING 20th March 24_compressed.pdf | 12 Aug 2025 |
| CERSAI detailsFile: Cersai Declaration -R.pdf | 12 Aug 2025 |
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Buyer report
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Project watch
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Other projects near BYCULLA
Filed coordinates, straight-line distance. 44 registered projects within 2 km.
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MINERVA
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Builder: MAGNUM LAND REALTORS LLP
MAGNUM LAND REALTORS LLP has 1 registration on MahaRERA, including ICON BY MERX. Its filings disclose no earlier MahaRERA projects. Read the full track record.
Frequently asked questions
What are my rights if ICON BY MERX is delayed beyond 31 Dec 2029?
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 ICON BY MERX?
The registered promoter entity is MAGNUM LAND REALTORS LLP, an others as per the filing. Its GSTIN 27AAZFM2400R1ZK 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 ICON BY MERX?
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 ICON BY MERX?
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 ICON BY MERX?
The professionals named in the filing: Architect: KALPESH L SHAH; Engineer: SHANGHVI AND ASSOCIATES CONSULTANTS PVT LTD; Chartered Accountant: SANKET R SHAH AND ASSOCIATES. 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 ICON BY MERX?
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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