Home / Browse projects / Mumbai Suburban, Maharashtra / KHANDELWAL RESERVE WING B
KHANDELWAL RESERVE WING B
By SHREE KRISHNA SAI DEVELOPMENT CORPORATION
RG-MH-80987 · RERA P51800045778 · Last updated on MahaRERA portal: 21 May 2026
Source: official MahaRERA filing
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Red flags
- 1 complaint at MahaRERA
Clear
- No litigation declared
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
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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KHANDELWAL RESERVE WING B is a Residential / Group Housing project by SHREE KRISHNA SAI DEVELOPMENT CORPORATION in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800045778 on 9 Jun 2022. Possession is promised by 31 Dec 2027. 158 of the 159 units on this registration are recorded sold or booked, and 6 of 11 construction stages are filed complete. 1 complaint is on record with the regulator.
At a glance
Project
- NameKHANDELWAL RESERVE WING B
- TypeResidential / Group Housing
- Location
- GORAI III BORIVALI WEST
- BORIVALI WEST
- Borivali
- Mumbai Suburban
- 400092
- Pincode400092
- RERA no.P51800045778
- ReraGenie IDRG-MH-80987
Builder
- NameSHREE KRISHNA SAI DEVELOPMENT CORPORATION
- Entity typePartnership
- GSTIN27AAKFS7230G1Z2
- GSTIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
- PartnersVIJAY KHANDELWAL, BABULAL KHANDELWAL, VIKAS KHANDELWAL, ASHOK KHANDELWAL
- Other registrations6 more →
- Completed1 of 7
- Declared earlier projects2 →
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on9 Jun 2022
- Promised completion31 Dec 2027
- Revised completionNone
- Buildings1 building record
- Documents filed80 files
Current status
Figures as on 21 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| KHANDELWAL RESERVE WING B | NA | 25 | 23 | 159 | 0 | 159 |
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 21 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 Internal walls, at 99%.
KHANDELWAL RESERVE WING B: 76% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| 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 | 99% |
| Sanitary Fittings within the flats / premises | 0% |
| 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. | 37% |
Progress on shared amenities15
As on 21 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 | 50% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 50% |
| Storm Water Drains | Yes | 70% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | No | Not applicable |
| 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 | 50% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 80% |
| Electrical meter room, sub-station, receiving station | Yes | 90% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed78
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 |
|---|---|---|
| SHREE SHIV SHANKAR CHSL | Borivali | Mumbai Suburban |
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 |
|---|---|---|---|
| KHANDELWAL RESERVE WING B | NA | Rs 37.19 cr | Rs 36.63 cr |
| - | NA | Rs 5.29 cr | Rs 3.32 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 | SPACE MOULDERS |
| Engineer | ABHIJEET PHATARPEKAR |
| Chartered Accountant | NEHALI & CO |
| Partner | Role in project |
|---|---|
| SHREE KRISHNA SAI DEVELOPMENT CORPORATION | - |
Complaints filed with MahaRERA1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CC006000000540754 | SHREE KRISHNA SAI DEVELOPERS | Aditi Mahadev Chavan | 21/06/2024 |
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 19 May 2022 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 20 Aug 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 7 Jun 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 2 Feb 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 filed80
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 |
|---|---|
| Withdrawal Update Form 1File: form 1.pdf | 21 May 2026 |
| Withdrawal Update Form 2File: form 2.pdf | 21 May 2026 |
| Withdrawal Update Form 3File: form 3.pdf | 21 May 2026 |
| Withdrawal Update Form 1File: form 1.pdf | 9 May 2026 |
| Withdrawal Update Form 2File: form 2.pdf | 9 May 2026 |
| Withdrawal Update Form 3File: form 3.pdf | 9 May 2026 |
| Withdrawal Update Form 1File: Architect Certificate Reserve Wing B.pdf | 20 Mar 2026 |
| Withdrawal Update Form 2File: form 2.pdf | 20 Mar 2026 |
| Withdrawal Update Form 3File: form 3.pdf | 20 Mar 2026 |
| Withdrawal Update Form 1File: ARCHITECT CERTIFICATE RESERVE -B.pdf | 12 Jan 2026 |
| Withdrawal Update Form 2File: FORM2.pdf | 12 Jan 2026 |
| Withdrawal Update Form 3File: Signed CA_Certificate_Reserve_B_Wing-sept25.pdf | 12 Jan 2026 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2_Engineers Cert-KHANDELWAL RESERve NEW.pdf | 30 Jan 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1.pdf | 28 Jan 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3.pdf | 28 Jan 2025 |
| Layout approvalFile: 2.pdf | 20 Aug 2024 |
| Layout approvalFile: 4.pdf | 20 Aug 2024 |
| Layout approvalFile: Gorai Shree Shiv Shankar-plan 2.pdf | 20 Aug 2024 |
| Layout approvalFile: Gorai Shree Shiv Shankar __plan 4.pdf | 20 Aug 2024 |
| Copy of Layout Approval (in case of layout)File: 2.pdf | 20 Aug 2024 |
| Copy of Layout Approval (in case of layout)File: 4.pdf | 20 Aug 2024 |
| Copy of Layout Approval (in case of layout)File: Gorai Shree Shiv Shankar-plan 2.pdf | 20 Aug 2024 |
| Copy of Layout Approval (in case of layout)File: Gorai Shree Shiv Shankar __plan 4.pdf | 20 Aug 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf | 17 Aug 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2.pdf | 17 Aug 2024 |
| Disclosure of sold/ booked inventoryFile: reverse inventory_0001.pdf | 17 Aug 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3.pdf | 17 Aug 2024 |
| Building plan approvalFile: IOD__Shiv Shankar.pdf | 7 Jun 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: IOD__Shiv Shankar.pdf | 7 Jun 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf | 29 May 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2.pdf | 29 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Architect Certificate 23 Q4.pdf | 15 Feb 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Engineer Certificate 23 Q4.pdf | 15 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 CA Certificate 23 Q4.pdf | 15 Feb 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: FULL CC.pdf | 2 Feb 2024 |
| Details of encumbrancesFile: Encumbrance Letter_Khandelwal Reserve revised.pdf | 16 Jan 2024 |
| Details of encumbrancesFile: Encumbrance Letter__Khandelwal Reserve.pdf | 13 Jan 2024 |
| Disclosure of sold/ booked inventoryFile: INVENTORY RESERVE.pdf | 23 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architects Certificate - reserve.pdf | 18 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate RESERVE.pdf | 18 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA CERTIFICATE - RESERVE.pdf | 18 Oct 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: KHANDELWAL RESERVE FORM 5 22-23.pdf | 7 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate RESERVE -FORM 2.pdf | 16 Sep 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architects Certificate - reserve FORM 1.pdf | 13 Sep 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Chartered accountant certificate - RESERVE_FORM 3.pdf | 13 Sep 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECTS CERFITICATE_0001.pdf | 16 Jun 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEERING CERTIFICATE - RESERVE_0001.pdf | 16 Jun 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: CC plot no 7.pdf | 3 May 2023 |
| Disclosure of sold/ booked inventoryFile: RESERVE INVENTORY.pdf | 22 Feb 2023 |
| Proforma of Agreement for saleFile: AGREEMENT FOR SALE_ReserveWithCarPark.pdf | 7 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 - PHASE I.pdf | 21 Jan 2023 |
| Disclosure of sold/ booked inventoryFile: Khandelwal Reserve - INVENTORY.pdf | 21 Sep 2022 |
| Proforma of Allotment letterFile: AGREEMENT FOR SALE_ReserveWithCarPark.pdf | 16 Sep 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architects Certificate reserve_0001.pdf | 13 Sep 2022 |
| Proforma of Allotment letterFile: Draft_AGREEMENT FOR SALE_ShivShankar_ReservePlot7.pdf | 12 Sep 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: cc.pdf | 30 May 2022 |
| Declaration about Commencement CertificateFile: DECLARATION ABOUT COMMENCEMENT CERTIFICATE PLOT 7_compressed.pdf | 30 May 2022 |
| OtherFile: Scan_20220530_compressed.pdf | 30 May 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: C A CERTIFICATE PLOT NO 7.pdf | 24 May 2022 |
| CERSAI detailsFile: CERSAI DECLARATION.pdf | 20 May 2022 |
| Layout approvalFile: 1 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Layout approvalFile: 2 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Layout approvalFile: 3 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Layout approvalFile: 4 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Layout approvalFile: 5 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Layout approvalFile: 6 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Building plan approvalFile: 1 Building Plan Approval _ NA Order for plotted development.pdf | 19 May 2022 |
| PAN CardFile: 1 PAN Card.pdf | 19 May 2022 |
| Copy of the legal title reportFile: 1 Copy of the legal title report.pdf | 19 May 2022 |
| Details of encumbrancesFile: 1 Details of encumbrances.pdf | 19 May 2022 |
| Copy of Layout Approval (in case of layout)File: 1 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Copy of Layout Approval (in case of layout)File: 2 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Copy of Layout Approval (in case of layout)File: 3 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Copy of Layout Approval (in case of layout)File: 4 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Copy of Layout Approval (in case of layout)File: 5 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Copy of Layout Approval (in case of layout)File: 6 Copy of Layout Approval (in case of layout).pdf | 19 May 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 1 Building Plan Approval _ NA Order for plotted development.pdf | 19 May 2022 |
| Declaration in FORM BFile: 1 Declaration in FORM B.pdf | 19 May 2022 |
| Proforma of Allotment letterFile: 1 Proforma of the allotment letter and agreement for sale.pdf | 19 May 2022 |
| Proforma of Allotment letterFile: 2 Proforma of the allotment letter and agreement for sale.pdf | 19 May 2022 |
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 | Flats | Status | Promised | Delivered |
|---|---|---|---|---|---|
| SAI ICONIC | LOKHANDWALA ROAD ANDHERI | 42 | Completed | Mar 2018 | Late, Mar 2019 |
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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 6 other registrations, which the RERA portal never shows together
- All 80 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
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Builder: SHREE KRISHNA SAI DEVELOPMENT CORPORATION
SHREE KRISHNA SAI DEVELOPMENT CORPORATION has 7 registrations on MahaRERA, including SAI ICONIC and KHANDELWAL RESERVE WING B. Its filings disclose 2 earlier MahaRERA projects: declares 0 of 2 past projects completed on time. Read the full track record. See more projects on the Mumbai Suburban district page.
Frequently asked questions
What are my rights if KHANDELWAL RESERVE WING B 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 KHANDELWAL RESERVE WING B?
The registered promoter entity is SHREE KRISHNA SAI DEVELOPMENT CORPORATION, a partnership as per the filing. Its GSTIN 27AAKFS7230G1Z2 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 KHANDELWAL RESERVE WING B?
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 KHANDELWAL RESERVE WING B?
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 KHANDELWAL RESERVE WING B?
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 KHANDELWAL RESERVE WING B?
The professionals named in the filing: Architect: SPACE MOULDERS; Engineer: ABHIJEET PHATARPEKAR; Chartered Accountant: NEHALI & 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 KHANDELWAL RESERVE WING B?
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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