Home / Browse projects / Mumbai Suburban, Maharashtra / ICON
ICON
By RAGHU LEELA REALTORS PRIVATE LIMITED
RG-MH-12741 · RERA P51800022327 · Last updated on MahaRERA portal: 17 May 2026
Source: official MahaRERA filing
Or get an email each time it changes, with the project watch
Red flags
- Litigation declared, 7 cases
- 4 complaints at MahaRERA
Clear
- Completion date never moved
- 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 Mumbai Suburban 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.
ICON is a Others project by RAGHU LEELA REALTORS PRIVATE LIMITED in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800022327 on 16 Sep 2019. Possession is promised by 31 Dec 2027. 350 of the 591 units on this registration are recorded sold or booked, and 16 of 33 construction stages are filed complete. 4 complaints are on record with the regulator.
At a glance
Project
- NameICON
- TypeOthers
- Location
- BORSA PADA ROAD
- POISAR
- KANDIVALI WEST
- Borivali
- Mumbai Suburban
- 400068
- Pincode400068
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51800022327
- ReraGenie IDRG-MH-12741
Builder
- NameRAGHU LEELA REALTORS PRIVATE LIMITED
- Entity typeCompany
- DirectorVIDYA BALAKRISHNAN WARRIER
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on16 Sep 2019
- Promised completion31 Dec 2027
- Revised completionNone
- Buildings3 building records
- Documents filed101 files
Current status
Figures as on 17 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| ICON-A | NA | 45 | 39 | 203 | 156 | 359 |
| ICON-B | NA | 51 | 31 | 232 | 0 | 232 |
| REHAB | NA | 37 | 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 building3
As on 17 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.
16 of 33 construction stages are filed complete across 3 buildings. The stage furthest along is Internal walls, at 95%.
ICON-A85%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 95% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 95% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 95% |
| 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. | 50% |
ICON-B49%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 30% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 5% |
| 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% |
REHAB70%
| 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 | 90% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 70% |
| 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. | 40% |
Progress on shared amenities15
As on 17 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 | 90% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| Community Buildings | No | Not applicable |
| 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 | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 70% |
| Electrical meter room, sub-station, receiving station | Yes | 70% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | No | Not applicable |
Parking filed745
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 |
|---|---|---|
| ICON-A | 395 | 395 |
| ICON-B | 244 | 244 |
| REHAB | 106 | 106 |
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| ICON-A | NA | Rs 125.00 cr | Rs 119.00 cr |
| ICON-B | NA | Rs 125.00 cr | Rs 36.50 cr |
| REHAB | NA | Rs 72.00 cr | Rs 66.25 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 | VISHWAS SATODIA |
| Engineer | MAHESH TANAJI GODAMBE |
| Chartered Accountant | DILIP KAPADIA |
| Partner | Role in project |
|---|---|
| RAGHU LEELA REALTORS PRIVATE LIMITED | - |
Litigation declared7
| Case | Court | Status |
|---|---|---|
| 1030/2010 | HIGH COURT BOMBAY | Ongoing |
| 333/2017 | TIS HAJARI COURT DELHI | Closed |
| CC006000000193339/2020 | MAHARERA | Closed |
| LODGING NO 27382 OF 2021/2021 | HIGH COURT BOMBAY | Closed |
| 2041/2022 | HIGH COURT BOMBAY | Ongoing |
| 93564/2016 | TIS HAJARI COURT DELHI | Ongoing |
| 1030/2010 | BOMBAY HIGH COURT | Ongoing |
Complaints filed with MahaRERA4
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CC006000000193339 | Atul Nathalal Patel | Raghuleela Realtors Pvt. Ltd. | 16/07/2020 |
| CC006000000193546 | Shailesh Pranlal VOra | Atul Patel | 24/07/2020 |
| CC006000000397707 | Virendra Kumar Gupta | Raghu Leela Realtors Pvt. Ltd. | 04/10/2023 |
| CC006000000408624 | Vinay Anant Rahate | Raghu Leela Realtors Private Limited | 25/12/2023 |
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 6 Sep 2019 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 23 Sep 2021 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 23 Sep 2021 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 18 Mar 2024Confirm 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 2027
Documents filed101
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 101 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 raghu.pdf | 17 May 2026 |
| Withdrawal Update Form 2File: form-2 raghu.pdf | 17 May 2026 |
| Withdrawal Update Form 3File: form-3 raghu.pdf | 17 May 2026 |
| Withdrawal Update Form 1File: form-1 icon 31-12-25.pdf | 5 Feb 2026 |
| Withdrawal Update Form 1File: form-1 icon 31-12-25.pdf | 5 Feb 2026 |
| Withdrawal Update Form 2File: Form 2 ENGR CERTIFICATE 31-12-2025.pdf | 5 Feb 2026 |
| Withdrawal Update Form 2File: Form 2 ENGR CERTIFICATE 31-12-2025.pdf | 5 Feb 2026 |
| Withdrawal Update Form 3File: form-3 icon 31-12-25.pdf | 5 Feb 2026 |
| Withdrawal Update Form 3File: form-3 icon 31-12-25.pdf | 5 Feb 2026 |
| Withdrawal Update Form 1File: raghu Form-1 30-9-25 sales.pdf | 1 Jan 2026 |
| Withdrawal Update Form 1File: raghu Form-1 30-9-25 sales.pdf | 1 Jan 2026 |
| Withdrawal Update Form 1File: raghu Form-1 30-9-25 sales.pdf | 1 Jan 2026 |
| Withdrawal Update Form 1File: form-1 30-6-25.pdf | 1 Jan 2026 |
| Withdrawal Update Form 1File: raghu Form-1 30-9-25 sales.pdf | 1 Jan 2026 |
| Withdrawal Update Form 2File: ENGINEAR CERTIFICATE.pdf | 1 Jan 2026 |
| Withdrawal Update Form 2File: ENGINEAR CERTIFICATE.pdf | 1 Jan 2026 |
| Withdrawal Update Form 2File: ENGINEAR CERTIFICATE.pdf | 1 Jan 2026 |
| Withdrawal Update Form 2File: Form 2 ENGR CERTIFICATE 30-06-2025 icon.pdf | 1 Jan 2026 |
| Withdrawal Update Form 2File: Form 2 ENGR CERTIFICATE 30-09-2025 icon.pdf | 1 Jan 2026 |
| Withdrawal Update Form 3File: FORM3.pdf | 1 Jan 2026 |
| Withdrawal Update Form 3File: FORM3.pdf | 1 Jan 2026 |
| Withdrawal Update Form 3File: FORM3.pdf | 1 Jan 2026 |
| Withdrawal Update Form 3File: icon form-3 30-6-25.pdf | 1 Jan 2026 |
| Withdrawal Update Form 3File: raghu from-3 30-9-25.pdf | 1 Jan 2026 |
| Withdrawal Update Form 1File: raghu Form-1 30-9-25 sales.pdf | 26 Dec 2025 |
| Withdrawal Update Form 2File: ENGINEAR CERTIFICATE.pdf | 26 Dec 2025 |
| Withdrawal Update Form 3File: FORM3.pdf | 26 Dec 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 SALES 31-3-25.pdf | 2 May 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 ICON REHAB 31-3-25.pdf | 2 May 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: ICON FORM3 AS ON 31-3-25.pdf | 17 Apr 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: ICON ENG CERTIFICATE AS ON 31-3-25.pdf | 17 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: icon sale 2.pdf | 3 Feb 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: icon rehab 1.pdf | 3 Feb 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: QUALITY ASSURANCE MARCH - 23.pdf | 27 Jan 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: FORM 5 from CA STATUTORY AUDITOR(31-3-2023) Raghu Leela.pdf | 27 Jan 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: form2A of raghu.pdf | 27 Jan 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT CERTIFICATE RLRPL.pdf | 25 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form-1 sale ICON.pdf | 4 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form-1 rehab ICON.pdf | 4 May 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: FORM 5 from CA STATUTORY AUDITOR(31-3-2024) ICON.pdf | 4 May 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: CC SALE BLDG2.pdf | 18 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM-1 ARC CER MAR23 R.pdf | 29 Apr 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM-1 ARC CERT MAR23 SALES.pdf | 29 Apr 2023 |
| Disclosure of sold/ booked inventoryFile: discloser of flat- raghu leela_0001.pdf | 29 Apr 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: FORM 5 from CA STATUTORY AUDITOR(31-3-2022) Raghu Leela.pdf | 30 Jan 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: QUALITY ASSURANCE sep 22.pdf | 2 Jan 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: CC SALE.pdf | 25 Aug 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: CC REHAB.pdf | 25 Aug 2022 |
| Other - TechnicalFile: Environment Clearance new 18 jun 2022.pdf | 25 Aug 2022 |
| Other - TechnicalFile: Environment Clearance new 18 jun 2022 (1).pdf | 25 Aug 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: CC.pdf | 26 May 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: qac 20.pdf | 10 Mar 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: qac 21.pdf | 10 Mar 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2017-18)File: RERA_0001.pdf | 10 Mar 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: FORM 5 from CA STATUTORY AUDITOR(31-3-2019).pdf | 10 Mar 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: FORM 5 from CA STATUTORY AUDITOR(31-3-2020).pdf | 10 Mar 2022 |
| Declaration about Commencement CertificateFile: CC DECLARATION.pdf | 9 Mar 2022 |
| CERSAI detailsFile: CERSAI.pdf | 9 Mar 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: FORM 5 from CA STATUTORY AUDITOR(31-3-2021)(1).pdf | 28 Sep 2021 |
| Layout approvalFile: IOD.pdf | 23 Sep 2021 |
| Layout approvalFile: 1.pdf | 23 Sep 2021 |
| Building plan approvalFile: 2.pdf | 23 Sep 2021 |
| Layout approvalFile: 3.pdf | 23 Sep 2021 |
| Layout approvalFile: 4.pdf | 23 Sep 2021 |
| Copy of Layout Approval (in case of layout)File: IOD.pdf | 23 Sep 2021 |
| Copy of Layout Approval (in case of layout)File: 1.pdf | 23 Sep 2021 |
| Copy of Layout Approval (in case of layout)File: 3.pdf | 23 Sep 2021 |
| Copy of Layout Approval (in case of layout)File: 4.pdf | 23 Sep 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: 2.pdf | 23 Sep 2021 |
| Disclosure of sold/ booked inventoryFile: disclosure of sold flat icon 1.pdf | 25 Aug 2021 |
| Commencement Certificates / NA Order for plotted developmentFile: raghu cc1.pdf | 14 Aug 2021 |
| Building plan approvalFile: BLOCK PLAN.pdf | 7 May 2021 |
| Building plan approvalFile: BASEMENT PLAN.pdf | 7 May 2021 |
| Building plan approvalFile: GROUND PLAN.pdf | 7 May 2021 |
| Building plan approvalFile: OFFICE AND PODIUM PLANS.pdf | 7 May 2021 |
| Building plan approvalFile: PLAN1.pdf | 7 May 2021 |
| Building plan approvalFile: sra letter.pdf | 7 May 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: BLOCK PLAN.pdf | 7 May 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: BASEMENT PLAN.pdf | 7 May 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: GROUND PLAN.pdf | 7 May 2021 |
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Buyer report
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Builder: RAGHU LEELA REALTORS PRIVATE LIMITED
RAGHU LEELA REALTORS PRIVATE LIMITED has 1 registration on MahaRERA, including ICON. 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 ICON is delayed beyond 31 Dec 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 ICON?
The registered promoter entity is RAGHU LEELA REALTORS PRIVATE LIMITED, a company 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 ICON?
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 do I read the complaint cases filed against ICON?
Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.
How current is the construction progress shown for ICON?
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?
The professionals named in the filing: Architect: VISHWAS SATODIA; Engineer: MAHESH TANAJI GODAMBE; Chartered Accountant: DILIP KAPADIA. 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?
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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