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LAXMI ARCADE
RG-MH-40449 · RERA P51700047732 · Last updated on MahaRERA portal: 7 Nov 2022
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 the promoter's 1 other registration and every project registered within 2 km.
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LAXMI ARCADE is a Others project by SATISH KASHINATH GUJARATHI in Thane, Maharashtra, registered with MahaRERA as P51700047732 on 21 Nov 2022. The registration is recorded completed; possession was promised by 31 Dec 2024.
At a glance
Project
- NameLAXMI ARCADE
- TypeOthers
- Location
- PANDIT GURUJI MARG
- NEAR POST OFFICE SHAHAPUR
- Shahapur (CT)
- Shahapur
- Thane
- 421601
- Pincode421601
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700047732
- ReraGenie IDRG-MH-40449
Builder
- NameSATISH KASHINATH GUJARATHI
- Entity typeIndividual
- Other registrations1 more →
- Completed2 of 2
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on21 Nov 2022
- Promised completion31 Dec 2024
- Revised completionNone
- Buildings1 building record
- Documents filed40 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| LAXMI ARCADE | NA | 8 | 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 building1
As on 7 Nov 2022, 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.
3 of 11 construction stages are filed complete. The stage furthest along is Stilt Floor, at 90%.
LAXMI ARCADE: 40% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 90% |
| Slabs of Super Structure | 30% |
| 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 | 20% |
| 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 7 Nov 2022, 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 | No | Not applicable |
| Landscaping & Tree Planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| 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 | Yes | 0% |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 50% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | Yes | 0% |
Parking filed3
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 ownership20
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 |
|---|---|---|
| SANDEEP BHASKAR SHANOY AND OTHER 18 | Thane (M Corp.) | Thane |
| SATISH KASHINATH GUJARATHI | Shahapur (CT) | Thane |
| GANESH GOVIND SHOENOY | Shahapur (CT) | Thane |
| GAYATRI GANESH SHENOY | Shahapur (CT) | Thane |
| PRAKASH GOVIND SHENOY | Shahapur (CT) | Thane |
| PRIYANK PRAKASH SHENOY | Shahapur (CT) | Thane |
| DIVYA DINESH SHENOY | Vasai-Virar City (M Corp) | Palghar |
| SHRADDHA DINESH SHENOY | Vasai-Virar City (M Corp) | Palghar |
| SIDDHESH DINESH SHENOY | Vasai-Virar City (M Corp) | Palghar |
| CHANDRIKA CHANDRAKANT KAMAT | - | Mumbai City |
| NEETA NARAYAN SHENOY | Vasai-Virar City (M Corp) | Palghar |
| BALKRISHNA PUNDLIK SHENOY | Kurla | Mumbai Suburban |
| NARENDRA PUNDLIK SHENOY | - | Udupi |
| JYOTI JAGADISH SHENOY | Kalyan | Thane |
| SUMAN BHASKAR SHENOY | Thane (M Corp.) | Thane |
| VEENA RAMDAS HEGADE | Thane (M Corp.) | Thane |
| VIDYA RAMDAS BHAT | Kurla | Mumbai Suburban |
| PRASHANT NARAYAN SHENOY | Shahapur (CT) | Thane |
| VIKRAM VASANT SHENOY | Kalyan | Thane |
| NAMRATA SANJAY HEGADE | Thane (M Corp.) | Thane |
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 | Rajesh Khambayat |
| Engineer | RAM MARATHE |
| Chartered Accountant | MAHENDRA NAVADHARE |
| Partner | Role in project |
|---|---|
| SATISH KASHINATH GUJARATHI | - |
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 7 Nov 2022 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 6 Jun 2022 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 6 Jun 2022 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 28 Aug 2022Confirm 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 filed40
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 |
|---|---|
| Copy of the legal title reportFile: Title certificate.pdf | 7 Nov 2022 |
| Declaration about Commencement CertificateFile: declaration about commencement certificate.pdf | 7 Nov 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 CA CERTIFICATE.pdf | 7 Nov 2022 |
| Proforma of Agreement for saleFile: AGREEMENT FOR SALE AS PER ANNEXURE A OF RERA ACT.pdf | 7 Nov 2022 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: bank account.pdf | 7 Nov 2022 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: bank account.pdf | 7 Nov 2022 |
| Deviation Report with respect to Allotment letterFile: Allotment letter format.pdf | 7 Nov 2022 |
| Deviation Report with respect to Allotment letterFile: declaration about no deviation.pdf | 7 Nov 2022 |
| Deviation Report with respect to model copy of AgreementFile: declaration about no deviation.pdf | 7 Nov 2022 |
| PAN CardFile: PRIYANKA PRAKASH SHENOY.pdf | 14 Oct 2022 |
| PAN CardFile: SATISH GUJARATHI PAN.pdf | 14 Oct 2022 |
| Declaration in FORM BFile: Form B Declaration.pdf | 14 Oct 2022 |
| CERSAI detailsFile: cersai declaration.pdf | 14 Oct 2022 |
| Details of encumbrances concerned to FinanceFile: No Emcumbrance.pdf | 28 Aug 2022 |
| Details of encumbrances concerned to LegalFile: No Emcumbrance.pdf | 28 Aug 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: Raj Associates plinth completion.pdf | 28 Aug 2022 |
| PAN CardFile: CHANDRIKA KAMATH.pdf | 26 Aug 2022 |
| PAN CardFile: DIYA DINESH SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: GANESH GOVIND SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: GAYATRI GANESH SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: JYOTI JAGDISH SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: NAMRATA SANJAY HEGADE.pdf | 26 Aug 2022 |
| PAN CardFile: NARENDRA PUNDLIK SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: NEETA SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: PRAKASH SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: PRASHANT NARAYAN.pdf | 26 Aug 2022 |
| PAN CardFile: SIDDHESH DINESH SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: SANDEEP BHASKAR SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: SUMAN BHASKAR SHENOY.pdf | 26 Aug 2022 |
| PAN CardFile: VEENA RAMDAS HEGADE.pdf | 26 Aug 2022 |
| PAN CardFile: VIDYA RAMDAS BHAT.pdf | 26 Aug 2022 |
| PAN CardFile: VIKRAM VISHVNATH SHENOY.pdf | 26 Aug 2022 |
| Proforma of Allotment letterFile: ALLOTMENT LETTER.pdf | 12 Aug 2022 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: bank declaration.pdf | 9 Aug 2022 |
| PAN CardFile: BALKRISHNA PUNDLIK SHENOY.pdf | 3 Aug 2022 |
| Layout approvalFile: Layout Map.pdf | 6 Jun 2022 |
| Building plan approvalFile: Layout Map.pdf | 6 Jun 2022 |
| Copy of Layout Approval (in case of layout)File: Layout Map.pdf | 6 Jun 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: Layout Map.pdf | 6 Jun 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: BUILDING COMMENCEMENT CERTIFICATE_compressed.pdf | 26 May 2022 |
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Buyer report
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- Red flags and clear checks, the possession story, sanctions and sales, land and title, who you are dealing with
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- All 40 filed documents as one ZIP, foldered, with a manifest
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Builder: SATISH KASHINATH GUJARATHI
SATISH KASHINATH GUJARATHI has 2 registrations on MahaRERA, including Green Park and LAXMI ARCADE. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Thane district page.
Frequently asked questions
What are my rights if LAXMI ARCADE is delayed beyond 31 Dec 2024?
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 LAXMI ARCADE?
The registered promoter entity is SATISH KASHINATH GUJARATHI, an individual 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 LAXMI ARCADE?
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 LAXMI ARCADE?
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 LAXMI ARCADE?
The professionals named in the filing: Architect: Rajesh Khambayat; Engineer: RAM MARATHE; Chartered Accountant: MAHENDRA NAVADHARE. 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 LAXMI ARCADE?
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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