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MARKANDEY SQUARE
RG-MH-06848 · RERA P51700054803 · Last updated on MahaRERA portal: 20 Mar 2026
Source: official MahaRERA filing
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Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
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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MARKANDEY SQUARE is a Others project by AARTI ENTERPRISES in Thane, Maharashtra, registered with MahaRERA as P51700054803 on 12 Feb 2024. Possession is promised by 31 Dec 2028. 4 of the 20 units on this registration are recorded sold or booked, and 4 of 11 construction stages are filed complete.
At a glance
Project
- NameMARKANDEY SQUARE
- TypeOthers
- Location
- BALKUM METRO ROAD NEXT TO HIGHLAND PROJECT
- ASHOK NAGAR BALKUM
- Thane (M Corp.)
- Thane
- 400608
- Pincode400608
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700054803
- ReraGenie IDRG-MH-06848
Builder
- NameAARTI ENTERPRISES
- Entity typePartnership
- PartnersYOGESHWAR DEEPNARAYAN BARAI, MARKANDEY THAKURPRASAD BARAI, BALASAHEB CHANGDEV DANGE
- Other registrations1 more →
- Completed1 of 2
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on12 Feb 2024
- Promised completion31 Dec 2028
- Revised completionNone
- Buildings1 building record
- Documents filed45 files
Current status
Figures as on 20 Mar 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| MARKANDEY SQUARE | NA | 12 | 5 | 9 | 11 | 20 |
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 20 Mar 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.
4 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 45%.
MARKANDEY SQUARE: 41% 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 | 45% |
| Sanitary Fittings within the flats / premises | 10% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| 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 20 Mar 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 | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| 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 | 0% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | Yes | 0% |
Parking filed20
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 ownership8
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 |
|---|---|---|
| jayram mahadev hajare | Thane (M Corp.) | Thane |
| manohar mahadev hajare | Thane (M Corp.) | Thane |
| rohidas kashinath hajare | Thane (M Corp.) | Thane |
| rajesh kashinath hajare | Thane (M Corp.) | Thane |
| ANIL KASHINATH HAJARE | Thane (M Corp.) | Thane |
| ALKA VASUDEO BHOIR | Thane (M Corp.) | Thane |
| DAYANAND MAHADEV HAJARE | Thane (M Corp.) | Thane |
| PRAKASH MAHADEV HAJARE | 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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| MARKANDEY SQUARE | NA | Rs 4.91 cr | Rs 3.75 cr |
Certifying professionals and partners4
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | MAYUR V BHOIR |
| Engineer | VINIT V BHOIR |
| Chartered Accountant | SAGAR JOSHI |
| Chartered Accountant | Santoshkumar P Nadar |
| Partner | Role in project |
|---|---|
| AARTI ENTERPRISES | - |
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 20 Dec 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 20 Dec 2023 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 22 Aug 2025 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 30 Oct 2023Confirm 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 2028
Documents filed45
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 - July-Sep 2025.pdf | 20 Mar 2026 |
| Withdrawal Update Form 1File: Form 1 - Oct-Dec 2025.pdf | 20 Mar 2026 |
| Withdrawal Update Form 2File: fORM 2 - JULY TO SEP 2025.pdf | 20 Mar 2026 |
| Withdrawal Update Form 2File: FORM 2 - Oct TO Dec 2025.pdf | 20 Mar 2026 |
| Withdrawal Update Form 3File: FORM 3 JUL-SEP.pdf | 20 Mar 2026 |
| Withdrawal Update Form 3File: FORM 3 OCT-DEC.pdf | 20 Mar 2026 |
| Withdrawal Update Form 1File: Form 1.pdf | 2 Sep 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 2 Sep 2025 |
| Withdrawal Update Form 3File: Form-3 Q1.pdf | 2 Sep 2025 |
| Building plan approvalFile: Plan Copy.pdf | 22 Aug 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - ARCHITECTS CERTIFICATE 31-03-2024.pdf | 7 Mar 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - ARCHITECTS CERTIFICATE 30-06-2024.pdf | 7 Mar 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - ARCHITECTS CERTIFICATE 30-09-2024.pdf | 7 Mar 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - ARCHITECTS CERTIFICATE 31-12-2024.pdf | 7 Mar 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form-3 as on 31-03-2024 Signed.pdf | 7 Mar 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form-3 as on 30-06-2024 Signed.pdf | 7 Mar 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form-3 as on 30-09-2024 Signed.pdf | 7 Mar 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form-3 as on 31-12-2024 Singed.pdf | 7 Mar 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - ENGINEERS CERTIFICATE 31-03-2024.pdf | 7 Mar 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - ENGINEERS CERTIFICATE 30-06-2024.pdf | 7 Mar 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - ENGINEERS CERTIFICATE 30-09-2024.pdf | 7 Mar 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - ENGINEERS CERTIFICATE 31-12-2024.pdf | 7 Mar 2025 |
| Other - TechnicalFile: TMC Mail receipt.pdf | 29 Jan 2024 |
| Deviation Report with respect to model copy of AgreementFile: Deviation Letter (Sale Agreement) Revised.pdf | 25 Jan 2024 |
| Other - LegalFile: Draft Agreement -Aarti.pdf | 25 Jan 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Revised (1).pdf | 24 Jan 2024 |
| Building plan approvalFile: 5 Plan Copy-.pdf | 20 Dec 2023 |
| Layout approvalFile: 4 Plan Copy - layout.pdf | 20 Dec 2023 |
| Copy of the legal title reportFile: Title Certificate Aarti Enterprises Maharera.pdf | 20 Dec 2023 |
| Details of encumbrances concerned to FinanceFile: NO ENCUMBRANCE CERTIFICATE.pdf | 20 Dec 2023 |
| Details of encumbrances concerned to FinanceFile: CERSAI.pdf | 20 Dec 2023 |
| Details of encumbrances concerned to LegalFile: NO ENCUMBRANCE CERTIFICATE.pdf | 20 Dec 2023 |
| Details of encumbrances concerned to LegalFile: CERSAI.pdf | 20 Dec 2023 |
| Copy of Layout Approval (in case of layout)File: 4 Plan Copy - layout.pdf | 20 Dec 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: 5 Plan Copy-.pdf | 20 Dec 2023 |
| CERSAI detailsFile: CERSAI.pdf | 20 Dec 2023 |
| Proforma of Agreement for saleFile: Draft Agreement.pdf | 20 Dec 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: DECLARATION ABOUT SEPRATE RERA BANK ACCOUNT.pdf | 20 Dec 2023 |
| Deviation Report with respect to Allotment letterFile: NO DEVIATION CERTIFICATE.pdf | 20 Dec 2023 |
| Proforma of Allotment letterFile: 8 Allotment letter.pdf | 9 Dec 2023 |
| PAN CardFile: Pancard .pdf | 8 Dec 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: COMMENCEMENT CERTIFICATE.pdf | 30 Oct 2023 |
| Declaration about Commencement CertificateFile: declaration about commencement certificate.pdf | 30 Oct 2023 |
| Declaration in FORM BFile: Form B aff cum dec.pdf | 30 Oct 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: DISCLOSURE IN OTHER REAL ESTATE ORGN.pdf | 30 Oct 2023 |
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Builder: AARTI ENTERPRISES
AARTI ENTERPRISES has 2 registrations on MahaRERA, including AARTI PRIME and MARKANDEY SQUARE. 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 MARKANDEY SQUARE is delayed beyond 31 Dec 2028?
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 MARKANDEY SQUARE?
The registered promoter entity is AARTI ENTERPRISES, 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 MARKANDEY SQUARE?
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 MARKANDEY SQUARE?
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 MARKANDEY SQUARE?
The professionals named in the filing: Architect: MAYUR V BHOIR; Engineer: VINIT V BHOIR; Chartered Accountant: SAGAR JOSHI; Chartered Accountant: Santoshkumar P Nadar. 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 MARKANDEY SQUARE?
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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