Home / Browse projects / Thane, Maharashtra / MAHAVIR BUSINESS PARK
MAHAVIR BUSINESS PARK
RG-MH-22924 · RERA P51700025897 · Last updated on MahaRERA portal: 21 May 2025
Source: official MahaRERA filing
Red flags
- Completion date moved by 12 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
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.
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MAHAVIR BUSINESS PARK is a Commercial project by MAHAVIRDARSHAN in Thane, Maharashtra, registered with MahaRERA as P51700025897 on 27 Jul 2020. The registration is recorded completed; possession was promised by 29 Jun 2025. The completion date has moved by 12 months from the original filing.
At a glance
Project
- NameMAHAVIR BUSINESS PARK
- TypeCommercial
- Location
- Plot No 159
- Near Teen Haath Naka
- Thane West
- Thane (M Corp.)
- Thane
- 400602
- Pincode400602
- RERA no.P51700025897
- ReraGenie IDRG-MH-22924
Builder
- NameMAHAVIRDARSHAN
- Entity typePartnership
- GSTIN27ABEFM6666K1ZP
- PartnersPREMJI BHIMSHI GADA, MOHIT JAYANTILAL GADA, PREMJI JETHALAL GALA, BHIMSHI KARSAN SATRA, MANJULABEN BHIMSHI SATRA, VIPUL BHIMSHI SATRA, KRIMA VIPUL SATRA
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on27 Jul 2020
- Promised completion29 Jun 2025
- Revised completionRevised to 29 Jun 2025 (originally 30 Jun 2024)
- Buildings1 building record
- Documents filed104 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| MAHAVIR BUSINESS PARK | NA | 20 | 19 | 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 21 May 2025, 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.
4 of 11 construction stages are filed complete. The stage furthest along is Staircases, at 85%.
MAHAVIR BUSINESS PARK: 64% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 65% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 85% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 80% |
| 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. | 70% |
Progress on shared amenities15
As on 21 May 2025, 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 | 40% |
| Water Supply | Yes | 90% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| 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 | 80% |
| Solid Waste Management And Disposal | No | Not applicable |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 80% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | No | Not applicable |
Parking filed1
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 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.
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 | MAKARAND TORASKAR & ASSOCIATES |
| Engineer | AJAY MAHALE |
| Chartered Accountant | MAYUR P PASAD AND CO |
| Partner | Role in project |
|---|---|
| MAHAVIRDARSHAN | - |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterDue to COVID 19 , the purchasing power of the middle class group is highly impacted on account of loss of job opportunities. Our project mainly caters to affordable housing having middle and lower middle class as our prospective customers. Due to this entire cash flow has been affected resulting in delay in construction activities coupled with issues of covid 19 outbreak. We seek extension u/s 6 of the Act to complete the project with in extended timeline. We assure you that we shall complete the construction with in extended timeline and hence request your good selves to kindly grant us exten
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 1 Mar 2020 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 11 Jul 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 24 May 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 11 Jul 2024Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateOn 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.
uploaded 13 May 2025
Documents filed104
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 104 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 |
|---|---|
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1 MAKARAND TORASKAR FORM Q2.pdf | 21 May 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1 MAKARAND TORASKAR FORM Q3.pdf | 21 May 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1 MAKARAND TORASKAR FORM Q4.pdf | 21 May 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1 MAKARAND TORASKAR FORM Q1.pdf | 21 May 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3 Form 3 Q1.pdf | 21 May 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3 Form 3 Q2.pdf | 21 May 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3 Form 3 Q3.pdf | 21 May 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3 Form 3 Q4.pdf | 21 May 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2 AJAY MAHALE FORM Q2.pdf | 21 May 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2 AJAY MAHALE FORM Q4.pdf | 21 May 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2 AJAY MAHALE FORM Q3.pdf | 21 May 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2 AJAY MAHALE FORM Q1.pdf | 21 May 2025 |
| Disclosure of sold/ booked inventoryFile: Details of sold or booked inventory-1.pdf | 21 May 2025 |
| Disclosure of sold/ booked inventoryFile: Details of sold or booked inventory-2.pdf | 21 May 2025 |
| Disclosure of sold/ booked inventoryFile: Details of sold or booked inventory-3.pdf | 21 May 2025 |
| Disclosure of sold/ booked inventoryFile: Details of sold or booked inventory-4.pdf | 21 May 2025 |
| Other - TechnicalFile: 4 MAKARAND TORASKAR FORM 4.pdf | 21 May 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: 2A Quality Assurance Certificate.pdf | 21 May 2025 |
| Disclosure for secured/unsecured finance availed for the projectFile: 6 Disclosure of loans.pdf | 21 May 2025 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Mahavir Darshan OC copy.pdf | 13 May 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5 FY 23-24.pdf | 22 Mar 2025 |
| Layout approvalFile: Revised Layout Plan.pdf | 11 Jul 2024 |
| Copy of Layout Approval (in case of layout)File: Revised Layout Plan.pdf | 11 Jul 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: Revised CC.pdf | 11 Jul 2024 |
| Declaration about Commencement CertificateFile: RERA.pdf | 11 Jul 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 as on 31-03-2024.pdf | 11 Jul 2024 |
| Declaration in FORM BFile: Form B.pdf | 27 May 2024 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold 31-03-2024.pdf | 27 May 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Declaration for Audit.pdf | 27 May 2024 |
| Building plan approvalFile: Building_compressed.pdf | 24 May 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: Building_compressed.pdf | 24 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 30-06-2023.pdf | 24 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 30-09-2023.pdf | 24 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 31-12-2023.pdf | 24 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 31-03-2024.pdf | 24 May 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 30-06-2023.pdf | 24 May 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 30-09-2023.pdf | 24 May 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 31-12-2023.pdf | 24 May 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 31-03-2024.pdf | 24 May 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Form 2A FY 22-23.pdf | 24 May 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A FY 23-24.pdf | 24 May 2024 |
| CERSAI detailsFile: CERSAI_Search_Report_200307208469.pdf | 24 May 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 31-03-2024_compressed.pdf | 24 May 2024 |
| Layout approvalFile: 1.pdf | 2 Apr 2024 |
| Layout approvalFile: 2.pdf | 2 Apr 2024 |
| Layout approvalFile: 3.pdf | 2 Apr 2024 |
| Layout approvalFile: 4.pdf | 2 Apr 2024 |
| Layout approvalFile: 5.pdf | 2 Apr 2024 |
| Layout approvalFile: 6.pdf | 2 Apr 2024 |
| Building plan approvalFile: 1.pdf | 2 Apr 2024 |
| Building plan approvalFile: 2.pdf | 2 Apr 2024 |
| Building plan approvalFile: 3.pdf | 2 Apr 2024 |
| Building plan approvalFile: 4.pdf | 2 Apr 2024 |
| Building plan approvalFile: 5.pdf | 2 Apr 2024 |
| Building plan approvalFile: 6.pdf | 2 Apr 2024 |
| Copy of Layout Approval (in case of layout)File: 1.pdf | 2 Apr 2024 |
| Copy of Layout Approval (in case of layout)File: 2.pdf | 2 Apr 2024 |
| Copy of Layout Approval (in case of layout)File: 3.pdf | 2 Apr 2024 |
| Copy of Layout Approval (in case of layout)File: 4.pdf | 2 Apr 2024 |
| Copy of Layout Approval (in case of layout)File: 5.pdf | 2 Apr 2024 |
| Copy of Layout Approval (in case of layout)File: 6.pdf | 2 Apr 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 1.pdf | 2 Apr 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 2.pdf | 2 Apr 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 3.pdf | 2 Apr 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 4.pdf | 2 Apr 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 5.pdf | 2 Apr 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 6.pdf | 2 Apr 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: Revised CC.pdf | 2 Apr 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5 FY 2022-23 MD.pdf | 15 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: MD FORM 3 2021.pdf | 1 Mar 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: MD FORM 3 2022_compressed.pdf | 1 Mar 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form 5 FY 2020 21.pdf | 22 Feb 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form 5 FY 2021 22.pdf | 22 Feb 2023 |
| Declaration about Commencement CertificateFile: Form D Declaration of CC.pdf | 20 Feb 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Letter for Interest in Other Project 3.pdf | 20 Feb 2023 |
| Details of encumbrances concerned to FinanceFile: Encumbrance Letter.pdf | 16 Feb 2023 |
| Details of encumbrances concerned to LegalFile: Encumbrance Letter.pdf | 16 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 Architect 2021.pdf | 16 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 Architect 2122.pdf | 16 Feb 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 Engineers Cer 2021.pdf | 16 Feb 2023 |
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Buyer report
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Builder: MAHAVIRDARSHAN
MAHAVIRDARSHAN has 1 registration on MahaRERA, including MAHAVIR BUSINESS PARK. 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 MAHAVIR BUSINESS PARK is delayed beyond 29 Jun 2025?
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 MAHAVIR BUSINESS PARK?
The registered promoter entity is MAHAVIRDARSHAN, a partnership as per the filing. Its GSTIN 27ABEFM6666K1ZP 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 MAHAVIR BUSINESS PARK?
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 MAHAVIR BUSINESS PARK?
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 MAHAVIR BUSINESS PARK?
The professionals named in the filing: Architect: MAKARAND TORASKAR & ASSOCIATES; Engineer: AJAY MAHALE; Chartered Accountant: MAYUR P PASAD AND 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 MAHAVIR BUSINESS PARK?
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; why the completion date was revised and what the new timeline depends on. The Rs 499 buyer report works through all of them from the filings.
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