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Registered No litigation declared Residential / Group Housing project

Mahavir Spring -Daffodils-P3

By Vinayak Developers

RG-MH-84615 · RERA P51700045504 · Last updated on MahaRERA portal: 11 May 2026

Source: official MahaRERA filing

Red flags

  • Rs 325.00 crore secured on the land, in favour of Piramal Capital and Housing Finance Ltd

Clear

  • No litigation declared
  • No complaints on record
  • Completion date never moved
  • Separate project account declared
  • Allotment letter follows the model form
  • All 1 earlier projects delivered on promise

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.

See what the report covers Free either way: or have every new Thane registration emailed to you, free during the pilot beta.
Dec 2027Possession promisedno revision filed
5 of 11Construction stages donefurthest along: Slabs of Super Structure, 98%
145 of 490Units unsoldnot recorded sold or booked
0Complaints at MahaRERAon this registration
Jump to the 204 documents Report an error

Mahavir Spring -Daffodils-P3 is a Residential / Group Housing project by Vinayak Developers in Thane, Maharashtra, registered with MahaRERA as P51700045504 on 24 May 2022. Possession is promised by 30 Dec 2027. 345 of the 490 units on this registration are recorded sold or booked, and 5 of 11 construction stages are filed complete.

At a glance

Project

  • NameMahavir Spring -Daffodils-P3
  • TypeResidential / Group Housing
  • Location
    • Pokhran Road No. 2
    • Thane (M Corp.)
    • Thane
    • 400610
  • Pincode400610
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P51700045504
  • ReraGenie IDRG-MH-84615

Builder

  • NameVinayak Developers
  • Entity typePartnership
  • PartnerPranay Shah
  • Other registrations16 more →
  • Completed6 of 17
  • No longer live7 lapsed, de-registered or revoked
  • Declared earlier projects10 →

Key dates

this monthRegisteredMay 2022PromisedDec 2027

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on24 May 2022
  • Promised completion30 Dec 2027
  • Revised completionNone
  • Buildings1 building record
  • Documents filed204 files

Current status

70%345 of 490 units booked
85.6%Work done, per cost certificate

Figures as on 11 May 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Mahavir Spring -Daffodils-P3NA54504900490

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 11 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.

5 of 11 construction stages are filed complete. The stage furthest along is Slabs of Super Structure, at 98%.

Mahavir Spring -Daffodils-P3: 64% average across the applicable activities

ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor100%
Slabs of Super Structure98%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises20%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks85%
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 11 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 facilityProposedProgress
Internal Roads & FootpathsYes0%
Water SupplyYes0%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes100%
Storm Water DrainsYes0%
Landscaping & Tree PlantingYes0%
Street LightingYes0%
Community BuildingsNoNot applicable
Treatment And Disposal Of Sewage And Sullage WaterNoNot applicable
Solid Waste Management And DisposalYes0%
Water conservation /Rain water harvestingYes0%
Energy managemcntYes0%
Fire protection and fire safety requirementsYes0%
Electrical meter room, sub-station, receiving stationYes0%
Aggregate area of recreational Open SpaceYes0%
Open ParkingNoNot applicable

Parking filed525

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.

Total parking slots525
Closed/Covered525

Land and ownership

A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.

Land area12,148 sq m
Land owned byThe promoter
Named landownersNone
Encumbrance on the landDeclared present
Charge in favour ofPiramal Capital and Housing Finance Ltd
Secured amountRs 325.00 crore
CERSAI search filedYes
Declared on21 Aug 2025

Approvals and building plan

Sanctioning authorityThane Municipal Corporation
Permissible FSI49593.2
Proposed, not sanctioned9,567 sq m
Buildings approved1
Buildings sanctioned1

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.

Separate project accountDeclared
Bank branchBuilding No 3 Ground Floor Bhaveshwar Nagar Ghatkopar East Mumbai 400077
Estimated costRs 294.64 cr
Cost incurredRs 252.10 cr
Work done85.56%
BuildingWingEstimatedIncurred
Mahavir Spring -Daffodils-P3NARs 294.64 crRs 252.10 cr

Certifying professionals and partners3

Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectAnil Jagwani
EngineerAshok Bhanushali
Chartered AccountantSameer Malde
PartnerRole in project
Vinayak Developers-

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.

  1. Legal title reportOn the file

    A lawyer's report on who owns the land and what is registered against it.

    uploaded 27 Apr 2022
  2. Layout approvalOn the file

    The planning authority's approval of how the plots and buildings sit on the land.

    uploaded 27 Apr 2022
  3. Building plan approvalOn the file

    Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.

    uploaded 21 Dec 2023
  4. Commencement CertificateOn the file

    Permission to begin construction. On a plotted development the same slot carries the NA order instead.

    uploaded 18 Sep 2023Confirm the Commencement Certificate covers the specific floor you are buying.
  5. 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 30 Dec 2027

Documents filed204

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 204 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.

DocumentUploaded
Withdrawal Update Form 1File: Architect Certificate.pdf11 May 2026
Withdrawal Update Form 2File: Engineer Certificate.pdf11 May 2026
Withdrawal Update Form 3File: CA certificate_compressed (6).pdf11 May 2026
Withdrawal Update Form 1File: Daffodile Form 1.pdf17 Feb 2026
Withdrawal Update Form 2File: Daffodile Form 2.pdf17 Feb 2026
Withdrawal Update Form 3File: Daffodile Form 3.pdf17 Feb 2026
Withdrawal Update Form 1File: Architect Certificate.pdf5 Jan 2026
Withdrawal Update Form 2File: Engineer Certificate.pdf5 Jan 2026
Withdrawal Update Form 3File: CA Certificate_compressed (4).pdf5 Jan 2026
Withdrawal Update Form 1File: Daffodils-P3-Form 1.pdf20 Dec 2025
Withdrawal Update Form 2File: Engineer Certificate.pdf20 Dec 2025
Withdrawal Update Form 3File: CA Certificate_compressed.pdf20 Dec 2025
Withdrawal Update Form 1File: Architect Certificate.pdf25 Aug 2025
Withdrawal Update Form 2File: Engineer Certificate.pdf25 Aug 2025
Withdrawal Update Form 3File: CA Certificate.pdf25 Aug 2025
Form 1File: Architect Certificate.pdf23 Aug 2025
Form 2File: Engineer Certificate.pdf23 Aug 2025
Form 3File: CA Certificate.pdf23 Aug 2025
Disclosure of Sold and Booked InventoryFile: Disclosure of sold and unsold.pdf23 Aug 2025
Withdrawal Update Form 1File: Architect Certificate.pdf23 Aug 2025
Withdrawal Update Form 1File: Architect Certificate.pdf23 Aug 2025
Withdrawal Update Form 1File: Architect Certificate.pdf23 Aug 2025
Withdrawal Update Form 2File: Engineer Certificate.pdf23 Aug 2025
Withdrawal Update Form 2File: Engineer Certificate.pdf23 Aug 2025
Withdrawal Update Form 2File: Engineer Certificate.pdf23 Aug 2025
Withdrawal Update Form 3File: CA Certificate.pdf23 Aug 2025
Withdrawal Update Form 3File: CA Certificate.pdf23 Aug 2025
Withdrawal Update Form 3File: CA Certificate.pdf23 Aug 2025
Engineer Certificate29 Apr 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf24 Apr 2025
Disclosure of sold/ booked inventoryFile: Disclosure of sold and unsold.pdf24 Apr 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf11 Apr 2025
CERSAI detailsFile: Cersai Report.pdf11 Apr 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf24 Feb 2025
Disclosure of sold/ booked inventoryFile: Disclosure of sold and unsold.pdf24 Feb 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf22 Feb 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf17 Jan 2025
CERSAI detailsFile: CERSAI Report.pdf17 Jan 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf21 Dec 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf20 Dec 2024
Disclosure of sold/ booked inventoryFile: Disclosure of sold and unsold.pdf20 Dec 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf2 Dec 2024
CERSAI detailsFile: CERSAI Report.pdf2 Dec 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf5 Aug 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf3 Aug 2024
CERSAI detailsFile: CERSAI Report.pdf3 Aug 2024
Disclosure of sold/ booked inventoryFile: Disclosure of sold and unsold.pdf3 Aug 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf3 Aug 2024
Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5 (2022-2023).pdf30 Apr 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf22 Apr 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf22 Apr 2024
CERSAI detailsFile: CERSAI Report.pdf22 Apr 2024
Disclosure of sold/ booked inventoryFile: Disclosure of sold and unsold.pdf22 Apr 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf22 Apr 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf26 Feb 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf26 Feb 2024
Disclosure of sold/ booked inventoryFile: Disclosure of sold and unsold.pdf26 Feb 2024
CERSAI detailsFile: CERSAI Report.pdf26 Feb 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf26 Feb 2024
Building plan approvalFile: 1.pdf21 Dec 2023
Building plan approvalFile: 1.pdf21 Dec 2023
Building plan approvalFile: 2.pdf21 Dec 2023
Building plan approvalFile: 8.pdf21 Dec 2023
Building plan approvalFile: 9.pdf21 Dec 2023
Building plan approvalFile: 10.pdf21 Dec 2023
Building plan approvalFile: 11.pdf21 Dec 2023
Building plan approvalFile: 12.pdf21 Dec 2023
Building plan approvalFile: 13.pdf21 Dec 2023
Building plan approvalFile: 13A.pdf21 Dec 2023
Building plan approvalFile: 14.pdf21 Dec 2023
Building plan approvalFile: 28.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 1.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 1.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 2.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 8.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 9.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 10.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 11.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 12.pdf21 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: 13.pdf21 Dec 2023

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.

1 delivered on promise
ProjectLocationFlatsStatusPromisedDelivered
Mahavir Millenium IMPERIAVasant Vihar Next to Garden Enclaves Pokhran Road No 2 Thane W 40060189CompletedDec 2015Dec 2015

How this compares with Thane

70%of this project is bookeddistrict median 26%
24%of Thane projects moved their completion datethis one has not
23%of Thane registrations have lapsed or been cancelledthis one is on the register

Computed across the 7,600+ Thane projects on ReraGenie, from their own filings.

Free monthly report: Thane on MahaRERA, month by month. What registered each month, this city against the other six, the possession pipeline and the pincode micro-markets, from these same filings.

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How alerts work

Other projects near Pokhran Road No. 27,600+ in Thane

2 kmMahavir Spring -DaffodilCompleted 110Lapsed / revoked 54Other 105Dot size: filed unitsN

Filed coordinates, straight-line distance. 269 registered projects within 2 km.

Builder: Vinayak Developers

Vinayak Developers has 17 registrations on MahaRERA, including Durvankur Apartment and Jessika Chs.Ltd.. Its filings disclose 10 earlier MahaRERA projects: declares 10 of 10 past projects completed on time. Litigation is declared on 1 of its registrations. Read the full track record. See more projects on the Thane district page.

Frequently asked questions

What are my rights if Mahavir Spring -Daffodils-P3 is delayed beyond 30 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 Mahavir Spring -Daffodils-P3?

The registered promoter entity is Vinayak Developers, 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 Mahavir Spring -Daffodils-P3?

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 Spring -Daffodils-P3?

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 Spring -Daffodils-P3?

The professionals named in the filing: Architect: Anil Jagwani; Engineer: Ashok Bhanushali; Chartered Accountant: Sameer Malde. 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 Spring -Daffodils-P3?

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.

Read the whole filing and still not sure? That is what the Rs 499 buyer report is for: the conditions on this record read one by one, the progress against the promise, this promoter's other registrations, what the filed documents themselves say, and a ZIP of every document on the filing. It carries the Rs 299 project watch free for 90 days.

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