Home / Browse projects / Palghar, Maharashtra / KANCHAN AVENUE AND KANCHAN RATNA
KANCHAN AVENUE AND KANCHAN RATNA
By NOVEL ESTATE
RG-MH-18389 · RERA P99000076698 · Last updated on MahaRERA portal: 4 May 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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KANCHAN AVENUE AND KANCHAN RATNA is a Others project by NOVEL ESTATE in Palghar, Maharashtra, registered with MahaRERA as P99000076698 on 21 Jun 2024. Possession is promised by 31 Dec 2029. 0 of the 105 units on this registration are recorded sold or booked, and 10 of 22 construction stages are filed complete.
At a glance
Project
- NameKANCHAN AVENUE AND KANCHAN RATNA
- TypeOthers
- Location
- PALGHAR MAHIM ROAD
- PALGHAR
- 401404
- Pincode401404
- MapView location on Google Maps (as filed on RERA)
- RERA no.P99000076698
- ReraGenie IDRG-MH-18389
Builder
- NameNOVEL ESTATE
- Entity typePartnership
- PartnersUMESH VARDICHAND JAIN, RAJESH MAHENDRA MEHTA
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on21 Jun 2024
- Promised completion31 Dec 2029
- Revised completionNone
- Buildings2 building records
- Documents filed53 files
Current status
Figures as on 4 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| BUILDING NO-1 TYPE A | NA | 5 | 5 | 0 | 87 | 87 |
| BUILDING NO -2 TYPE B | NA | 7 | 6 | 18 | 0 | 18 |
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 4 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.
10 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is External plumbing and external plaster, at 95%.
BUILDING NO-1 TYPE A68%
| 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 | 100% |
| Sanitary Fittings within the flats / premises | 50% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 100% |
| 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. | 0% |
BUILDING NO -2 TYPE B52%
| 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 | 50% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 75% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 50% |
| 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 4 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 | Yes | 100% |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 100% |
| 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 | No | Not applicable |
| Water conservation /Rain water harvesting | Yes | 50% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 50% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed100
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 | Open Space | Total |
|---|---|---|---|
| BUILDING NO-1 TYPE A | 14 | 52 | 66 |
| BUILDING NO -2 TYPE B | 8 | 26 | 34 |
Land and ownership2
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 |
|---|---|---|
| KAUSHAL JAYANTKUMAR PATEL | Palghar | Palghar |
| NIRMAL JAYANTKUMAR PATEL | Palghar | Palghar |
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 |
|---|---|---|---|
| BUILDING NO-1 TYPE A | NA | Rs 9.86 cr | Rs 9.37 cr |
| BUILDING NO -2 TYPE B | NA | Rs 4.63 cr | Rs 3.47 cr |
| - | NA | Rs 1.71 cr | Rs 1.28 cr |
Certifying professionals and partners5
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | VASTU SHILP |
| Engineer | SHAH & ASSOCIATES |
| Chartered Accountant | CHIRAG K JAIN & CO |
| Chartered Accountant | Chirag Jain |
| Chartered Accountant | D.R.AGARWAL & ASSOCIATES |
| Partner | Role in project |
|---|---|
| NOVEL ESTATE | - |
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 10 Jun 2024 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 31 May 2024 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 31 May 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 10 Jun 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 2029
Documents filed53
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 |
|---|---|
| Form 5 (FY 2025-2026)File: Form 5-Kanchan Avenue(Fy 2025-26).pdf | 4 May 2026 |
| Withdrawal Update Form 1File: FORM-1 DEC 2025.pdf | 29 Apr 2026 |
| Withdrawal Update Form 2File: form 2.pdf | 29 Apr 2026 |
| Withdrawal Update Form 3File: Form 3 Kanchan Avenue and Ratna.pdf | 29 Apr 2026 |
| Withdrawal Update Form 1File: FORM-1 DEC 2025.pdf | 17 Mar 2026 |
| Withdrawal Update Form 1File: FORM-1 DEC 2025.pdf | 17 Mar 2026 |
| Withdrawal Update Form 2File: Form-2.pdf | 17 Mar 2026 |
| Withdrawal Update Form 2File: FORM-2 DEC 2025.pdf | 17 Mar 2026 |
| Withdrawal Update Form 3File: FORM 3 CA Novel Estate (1).pdf | 17 Mar 2026 |
| Withdrawal Update Form 3File: FORM 3 CA Novel Estate (1).pdf | 17 Mar 2026 |
| Withdrawal Update Form 1File: Form-1.pdf | 21 Oct 2025 |
| Withdrawal Update Form 2File: Form-2.pdf | 21 Oct 2025 |
| Withdrawal Update Form 3File: Form-3.pdf | 21 Oct 2025 |
| Form 5 (FY 2024-2025)File: Novel Estate - Avenue Form 5.pdf | 10 Oct 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 CA Kanchan Avenue.pdf | 28 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: sold Unsold Inventory -kanchan Avenue.pdf | 28 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form-1.pdf | 23 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form-2.pdf | 23 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold _ Kanchan Avenue_compressed.pdf | 28 Dec 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Estate kanchan avenue.pdf | 18 Dec 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Estate kanchan avenue.pdf | 18 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Arch - Kanchan Avenue AND Ratna 151124.pdf | 16 Nov 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng - Kanchan Avenue AND Ratna 151124.pdf | 16 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Arch - Kanchan Avenue AND Ratna 151124.pdf | 16 Nov 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng - Kanchan Avenue AND Ratna 151124.pdf | 16 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: fORM-3 kANCHAN AVENUE FINAL AFTER CORRECTION_compressed.pdf | 19 Jun 2024 |
| PAN CardFile: novel estate pan card.pdf | 14 Jun 2024 |
| Other - TechnicalFile: KANCHAN AVENUE ANNEXURE A.pdf | 11 Jun 2024 |
| Copy of the legal title reportFile: Title kanchan avenue FINAL_compressed.pdf | 10 Jun 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: KANCHAN AVENUE CC VERIFICATION.pdf | 10 Jun 2024 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Decleartion K A.pdf | 10 Jun 2024 |
| Deviation Report with respect to model copy of AgreementFile: Deviation Report Novel Estate.pdf | 10 Jun 2024 |
| Other - TechnicalFile: KANCHAN AVENUE CC VERIFICATION.pdf | 10 Jun 2024 |
| Other - LegalFile: Novel Estate Partnership Deed_rotated_compressed.pdf | 7 Jun 2024 |
| Layout approvalFile: Kanchan Avenue Plan Copy_compressed.pdf | 31 May 2024 |
| Building plan approvalFile: Kanchan Avenue Plan Copy-2-3.pdf | 31 May 2024 |
| Copy of Layout Approval (in case of layout)File: Kanchan Avenue Plan Copy_compressed.pdf | 31 May 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: Kanchan Avenue Plan Copy-2-3.pdf | 31 May 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 K A.pdf | 31 May 2024 |
| Proforma of Agreement for saleFile: Draft First Sale Agreement - Novel estate.pdf | 31 May 2024 |
| Details of encumbrances concerned to FinanceFile: Declaration Fianance KA.pdf | 28 May 2024 |
| Details of encumbrances concerned to FinanceFile: Declaration Legal K A.pdf | 28 May 2024 |
| Details of encumbrances concerned to LegalFile: Declaration Fianance KA.pdf | 28 May 2024 |
| Details of encumbrances concerned to LegalFile: Declaration Legal K A.pdf | 28 May 2024 |
| Declaration about Commencement CertificateFile: Declaration CC K A.pdf | 28 May 2024 |
| Declaration in FORM BFile: Affidivait Cum Declaration Developers K A.pdf | 28 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Kanchan Avenue and Ratna.pdf | 28 May 2024 |
| CERSAI detailsFile: Declaration Security Interest K A.pdf | 28 May 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure RM KBH.pdf | 28 May 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure UJ KBH.pdf | 28 May 2024 |
| Proforma of Allotment letterFile: Annesure I Allotment Letter K A_compressed.pdf | 28 May 2024 |
| Deviation Report with respect to Allotment letterFile: Deviation Draft Allotment K A.pdf | 28 May 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: Kanchan Avenue CC Nagar Parishad Order.pdf | 23 May 2024 |
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Buyer report
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Builder: NOVEL ESTATE
NOVEL ESTATE has 1 registration on MahaRERA, including KANCHAN AVENUE AND KANCHAN RATNA. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Palghar district page.
Frequently asked questions
What are my rights if KANCHAN AVENUE AND KANCHAN RATNA 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 KANCHAN AVENUE AND KANCHAN RATNA?
The registered promoter entity is NOVEL ESTATE, 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 KANCHAN AVENUE AND KANCHAN RATNA?
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 KANCHAN AVENUE AND KANCHAN RATNA?
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 KANCHAN AVENUE AND KANCHAN RATNA?
The professionals named in the filing: Architect: VASTU SHILP; Engineer: SHAH & ASSOCIATES; Chartered Accountant: CHIRAG K JAIN & CO; Chartered Accountant: Chirag Jain; Chartered Accountant: D.R.AGARWAL & 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 KANCHAN AVENUE AND KANCHAN RATNA?
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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