Home / Browse projects / Palghar, Maharashtra / KANCHAN TRADE CENTRE
KANCHAN TRADE CENTRE
RG-MH-18391 · RERA P99000076718 · Last updated on MahaRERA portal: 4 May 2026
Source: official MahaRERA filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
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 TRADE CENTRE is a Commercial project by NOVEL REALTORS in Palghar, Maharashtra, registered with MahaRERA as P99000076718 on 21 Jun 2024. The registration is recorded completed; possession was promised by 31 Dec 2029. 3 of the 94 units on this registration are recorded sold or booked, and 6 of 11 construction stages are filed complete.
At a glance
Project
- NameKANCHAN TRADE CENTRE
- TypeCommercial
- Location
- PALGHAR DEVISHA ROAD
- PANCHBATTI
- PALGHAR WEST
- Palghar
- 401404
- Pincode401404
- MapView location on Google Maps (as filed on RERA)
- RERA no.P99000076718
- ReraGenie IDRG-MH-18391
Builder
- NameNOVEL REALTORS
- Entity typePartnership
- PartnersUMESH VARDICHAND JAIN, RAJESH MAHENDRA MEHTA
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on21 Jun 2024
- Promised completion31 Dec 2029
- Revised completionNone
- Buildings1 building record
- Documents filed60 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 | 7 | 7 | 0 | 94 | 94 |
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 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.
6 of 11 construction stages are filed complete. The stage furthest along is External plumbing and external plaster, at 95%.
BUILDING NO 1 TYPE A: 68% 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 | 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% |
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 | 50% |
| 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 | 100% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed91
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. MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| NIRMALA TILWANI | Palghar | Palghar |
| GIRESH TIILWAANI | Palghar | Palghar |
| PRAKAASH TIILWAANI | 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 9.25 cr | Rs 8.79 cr |
| - | NA | Rs 1.09 cr | Rs 84.92 lakh |
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 | CHIRAJ K. JAIN & CO |
| Chartered Accountant | D.R.AGARWAL & ASSOCIATES |
| Partner | Role in project |
|---|---|
| NOVEL REALTORS | - |
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 5 Jun 2024 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 23 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 23 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 on the file
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
Documents filed60
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 Trade Centre(Fy 2025-26).pdf | 4 May 2026 |
| Occupational CertificateFile: KTC - OC CERTIFICATE.pdf | 4 May 2026 |
| Occupational CertificateFile: Form 4 - KTC - Novel Realtors.pdf | 4 May 2026 |
| Withdrawal Update Form 1File: form 1.pdf | 29 Apr 2026 |
| Withdrawal Update Form 2File: form 2.pdf | 29 Apr 2026 |
| Withdrawal Update Form 3File: Form 3 Kanchan Trade Center.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 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.pdf | 17 Mar 2026 |
| Withdrawal Update Form 2File: Form-2.pdf | 17 Mar 2026 |
| Withdrawal Update Form 2File: Form-2.pdf | 17 Mar 2026 |
| Withdrawal Update Form 3File: CA - Form -3 KTC.pdf | 17 Mar 2026 |
| Withdrawal Update Form 3File: CA - Form -3 KTC.pdf | 17 Mar 2026 |
| Withdrawal Update Form 3File: CA - Form -3 KTC.pdf | 17 Mar 2026 |
| Withdrawal Update Form 3File: CA - Form -3 KTC.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 Realtors KTC Form 5.pdf | 10 Oct 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 CA Kanchan Trade centre.pdf | 28 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold Invernty - Kanchan Trade centre.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 -KTC.pdf | 28 Dec 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Realtors Kanchan Trade Centre.pdf | 18 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Arch - KTC 151124.pdf | 16 Nov 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng - KTC 151124.pdf | 16 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Arch - KTC 151124.pdf | 16 Nov 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng - KTC 151124.pdf | 16 Nov 2024 |
| Declaration in FORM BFile: Affidivait Cum Declaration Developers K T C CORRECTED.pdf | 11 Jun 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: KTC CC VERIFICATION.pdf | 10 Jun 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA From 3 K T C_compressed FINAL.pdf | 10 Jun 2024 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Decleartion K T C.pdf | 10 Jun 2024 |
| Other - TechnicalFile: Novel Realtors Annexure A.pdf | 10 Jun 2024 |
| Other - TechnicalFile: KTC CC VERIFICATION.pdf | 10 Jun 2024 |
| Other - LegalFile: Novel Realtors Partnership Deed_rotated_compressed.pdf | 7 Jun 2024 |
| Copy of the legal title reportFile: Legal Title Report- KTC FINAL_compressed.pdf | 5 Jun 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 KTC.pdf | 31 May 2024 |
| Proforma of Agreement for saleFile: Draft Agreement RERA, Novel Realtors- Revised.pdf | 31 May 2024 |
| Details of encumbrances concerned to FinanceFile: Declaration KTC FINANCE.pdf | 28 May 2024 |
| Details of encumbrances concerned to FinanceFile: Declaration legal KTC.pdf | 28 May 2024 |
| Details of encumbrances concerned to LegalFile: Declaration KTC FINANCE.pdf | 28 May 2024 |
| Details of encumbrances concerned to LegalFile: Declaration legal KTC.pdf | 28 May 2024 |
| Declaration about Commencement CertificateFile: Declaration CC KTC.pdf | 28 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 KTC.pdf | 28 May 2024 |
| CERSAI detailsFile: Declaration Security Interest KTC.pdf | 28 May 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure RM KTC.pdf | 28 May 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure UJ KTC.pdf | 28 May 2024 |
| Proforma of Allotment letterFile: Annexure I Allotment Letter KTC_compressed.pdf | 28 May 2024 |
| Deviation Report with respect to Allotment letterFile: Deviation Draft Allotment KTC.pdf | 28 May 2024 |
| Deviation Report with respect to model copy of AgreementFile: Deviation Report Draft Sale KTC.pdf | 28 May 2024 |
| Layout approvalFile: Kanchan Trade Center Plan.pdf | 23 May 2024 |
| Building plan approvalFile: Kanchan Trade Center Plan.pdf | 23 May 2024 |
| PAN CardFile: Novel Realtors Pan card.pdf | 23 May 2024 |
| Copy of Layout Approval (in case of layout)File: Kanchan Trade Center Plan.pdf | 23 May 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: Kanchan Trade Center Plan.pdf | 23 May 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: K T C CC Nagar Parishad Order.pdf | 23 May 2024 |
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See every Palghar project, with the district possession charts
Builder: NOVEL REALTORS
NOVEL REALTORS has 1 registration on MahaRERA, including KANCHAN TRADE CENTRE. 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 TRADE CENTRE 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 TRADE CENTRE?
The registered promoter entity is NOVEL REALTORS, 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 TRADE CENTRE?
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 TRADE CENTRE?
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 TRADE CENTRE?
The professionals named in the filing: Architect: VASTU SHILP; Engineer: SHAH & ASSOCIATES; Chartered Accountant: CHIRAG K JAIN & CO; Chartered Accountant: CHIRAJ K. JAIN & CO; 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 TRADE CENTRE?
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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