Home / Browse projects / Mumbai Suburban, Maharashtra / Neptunes Lotus
Neptunes Lotus
RG-MH-25102 · RERA P51800003339 · Last updated on MahaRERA portal: 1 Feb 2026
Source: official MahaRERA filing
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Red flags
- Completion date moved by 60 months
- 2 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
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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Neptunes Lotus is a Others project by VRUTTI DEVELOPERS LLP in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800003339 on 5 Aug 2017. Possession is promised by 31 Dec 2027. The completion date has moved by 60 months from the original filing. 49 of the 61 units on this registration are recorded sold or booked, and 1 of 11 construction stages are filed complete.
At a glance
Project
- NameNeptunes Lotus
- TypeOthers
- Location
- LBS Road
- Mulund West
- Kurla
- Mumbai Suburban
- 400080
- Pincode400080
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51800003339
- ReraGenie IDRG-MH-25102
Builder
- NameVRUTTI DEVELOPERS LLP
- Entity typeOthers
- Named personsNAYAN ASHOK BHEDA, SACHIN M DESHMUKH, NAYAN T SHAH
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on5 Aug 2017
- Promised completion31 Dec 2027
- Revised completionRevised to 31 Dec 2027 (originally 30 Dec 2022)
- Buildings1 building record
- Documents filed136 files
Current status
Figures as on 1 Feb 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Neptune Lotus | NA | 29 | 29 | 53 | 8 | 61 |
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 1 Feb 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.
1 of 11 construction stages are filed complete. The stage furthest along is Excavation, at 95%.
Neptune Lotus: 42% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 95% |
| Basement (if any) | 50% |
| Podiums (if any) | 0% |
| Plinth | 50% |
| Stilt Floor | 50% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 41% |
| Sanitary Fittings within the flats / premises | 18% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 50% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 5% |
| 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. | 4% |
Progress on shared amenities15
As on 1 Feb 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 | 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 | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 5% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | No | Not applicable |
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 partners5
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Umeshchandra K Powar K PAWAR |
| Engineer | Sanjay Ranade RANADE |
| Chartered Accountant | Shaparia Mehta & Associates LLP |
| Chartered Accountant | A.H.NAGDA & ASSOCIATES |
| Chartered Accountant | Rahul Ajit Jilhewar |
| Partner | Role in project |
|---|---|
| VRUTTI DEVELOPERS LLP | - |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterWe are experiencing a delay in the project due to the shortage of the raw material of the construction and time consuming approval from the competent authorities and have adjusted the completion of project timeline on or before the 31st December, 2024 according to the new scenario. We have also taken the consent and approval from the allottees of the Said Project for the extension of project.
Reason as filed by the promoterWe are constructing residential project known as "Neptune Lotus" at Mulund, having RERA registration no. P51800003339. We have registered our project in MahaRERA on 05/08/2017 and completion date 30/12/2022 was mentioned therein but due to Pandemic Covid-19, economical crunches and other circumstances which is beyond control of us.However, now we are constructing further Annex Building which is attached to our old Building i.e. Neptune Lotus and taken the Commencement Certificate bearing dated 06th October 2023 in respect of the Annex Building from the competent Authority and the same is uploa
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 27 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 5 Nov 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 5 Nov 2023 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 3 Nov 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 2027
Documents filed136
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 136 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 |
|---|---|
| Form 5 (FY 2022-2023)File: Form 5 FY 22-23_compressed.pdf | 1 Feb 2026 |
| Form 5 (FY 2023-2024)File: Form 5 FY 23-24_compressed.pdf | 1 Feb 2026 |
| Form 5 (FY 2024-2025)File: Form 5 FY 24-25_compressed.pdf | 1 Feb 2026 |
| Form 2A (FY 2024-2025)File: FORM 2A.pdf | 23 Jan 2026 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 12 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 12 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 12 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 12 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 12 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 12 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 12 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 12 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 12 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 12 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 12 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 12 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 12 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 12 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 12 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 12 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2)Q3 2023.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3)2023 Q3.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2)Q3 2023.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3)2023 Q3.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| OthersFile: Declaration in FORM B 2023.pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2)Q3 2023.pdf | 11 Dec 2025 |
| Form 3File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2)Q3 2023.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3)2023 Q3.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2)Q3 2023.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3)2023 Q3.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2)Q3 2023.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3)2023 Q3.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2)Q3 2023.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3)2023 Q3.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q3 2o23.pdf | 11 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2)Q3 2023.pdf | 11 Dec 2025 |
| Form 3File: Certificates of CA (Form 3)2023 Q3.pdf | 11 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 11 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 10 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 10 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 10 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold-booked inventory Q3 2023 .pdf | 10 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 10 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 10 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 10 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold- booked inventoryQ1 2024.pdf | 10 Dec 2025 |
| Form 1File: Certificates of Architect (Form 1) Q2 2017.pdf | 10 Dec 2025 |
| Form 2File: Certificates of Engineer (Form 2) Q2 2017.pdf | 10 Dec 2025 |
| Form 3File: Certificates of CA (Form 3) Q2 2017.pdf | 10 Dec 2025 |
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Builder: VRUTTI DEVELOPERS LLP
VRUTTI DEVELOPERS LLP has 1 registration on MahaRERA, including Neptunes Lotus. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Mumbai Suburban district page.
Frequently asked questions
What are my rights if Neptunes Lotus 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 Neptunes Lotus?
The registered promoter entity is VRUTTI DEVELOPERS LLP, an others 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 Neptunes Lotus?
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 Neptunes Lotus?
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 Neptunes Lotus?
The professionals named in the filing: Architect: Umeshchandra K Powar K PAWAR; Engineer: Sanjay Ranade RANADE; Chartered Accountant: Shaparia Mehta & Associates LLP; Chartered Accountant: A.H.NAGDA & ASSOCIATES; Chartered Accountant: Rahul Ajit Jilhewar. 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 Neptunes Lotus?
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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