Home / Browse projects / Thane, Maharashtra / PANCHRATNA SAPPHIRE
PANCHRATNA SAPPHIRE
RG-MH-65158 · RERA P51700050689 · Last updated on MahaRERA portal: 6 May 2026
Source: official MahaRERA filing
Or get an email each time it changes, with the project watch
Red flags
- Completion date moved by 12 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- No encumbrance on the project land
- 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.
See what the report covers Free either way: or have every new Thane registration emailed to you, free during the pilot beta.Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
PANCHRATNA SAPPHIRE is a Others project by PANCHARATNA DEVELOPERS in Thane, Maharashtra, registered with MahaRERA as P51700050689 on 28 Apr 2023. Possession is promised by 31 Mar 2027. The completion date has moved by 12 months from the original filing. 96 of the 138 units on this registration are recorded sold or booked, and 5 of 11 construction stages are filed complete.
At a glance
Project
- NamePANCHRATNA SAPPHIRE
- TypeOthers
- Location
- KALYAN
- Thane
- 421306
- Pincode421306
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700050689
- ReraGenie IDRG-MH-65158
Builder
- NamePANCHARATNA DEVELOPERS
- Entity typePartnership
- PartnersGULAMNABI GARIBSHAH SAYYED, DAMA PARESH GOPALJI, VASANT DAYARAM KHANIA, KISHORE GIRDHARILAL KHUBCHANDANI, PANKAJKUMAR MOTICHAND GUPTA, MANISH UDHAV RUPCHANDANI
- Other registrations5 more →
- Completed4 of 6
- No longer live1 lapsed, de-registered or revoked
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on28 Apr 2023
- Promised completion31 Mar 2027
- Revised completionRevised to 31 Mar 2027 (originally 31 Mar 2026)
- Buildings1 building record
- Documents filed93 files
Current status
Figures as on 6 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| WING A | NA | 18 | 18 | 129 | 9 | 138 |
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 6 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 External plumbing and external plaster, at 90%.
WING A: 64% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| Podiums (if any) | 30% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 80% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 90% |
| 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 6 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 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 | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | No | Not applicable |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | No | Not applicable |
| 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 | No | Not applicable |
Parking filed167
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
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.
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 |
|---|---|---|---|
| WING A | NA | Rs 30.17 cr | Rs 23.83 cr |
| - | NA | Rs 2.64 cr | - |
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 | SPACE ENVIRO ARCHITECTS |
| Architect | ANKUR ARVINDSHETYE |
| Engineer | KHASNIS & ASSOCIATES |
| Chartered Accountant | R A HOTWANI & COMPANY |
| Chartered Accountant | D S KARIRA & ASSOCIATES |
| Partner | Role in project |
|---|---|
| PANCHARATNA DEVELOPERS | - |
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 promoterThe Promoter respectfully submits that the project could not be completed within the originally declared timeline due to genuine administrative, financial and execution-related challenges encountered during the course of development. The delay is neither wilful nor intentional. During implementation, the project experienced delays in obtaining certain revised approvals, technical permissions and compliance clearances from competent authorities. The time involved in scrutiny, documentation updates and inter-departmental coordination extended beyond the anticipated schedule, which impacted the p
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 Feb 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 20 Feb 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 20 Feb 2026 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 20 Feb 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 Mar 2027
Documents filed93
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 93 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 |
|---|---|
| Withdrawal Update Form 1File: ARCHITECTS CERTIFICATE.pdf | 6 May 2026 |
| Withdrawal Update Form 2File: Engineers Certificate_31-03-2026.pdf | 6 May 2026 |
| Withdrawal Update Form 3File: Panchratna_Developers_Form3.pdf | 6 May 2026 |
| Form 2A (FY 2023-2024)File: Form_2A_2023-24.pdf | 2 Apr 2026 |
| Form 2A (FY 2024-2025)File: Form_2A_2024-25.pdf | 2 Apr 2026 |
| Form 2A (FY 2025-2026)File: Form_2A_2025-26.pdf | 2 Apr 2026 |
| Form 5 (FY 2023-2024)File: form 5 Panchratna_Developers_FY23-24.pdf | 2 Apr 2026 |
| Form 5 (FY 2024-2025)File: form 5Panchratna_Developers_FY24-25.pdf | 2 Apr 2026 |
| Withdrawal Update Form 1File: Architect_Certificate_Q3.pdf | 24 Feb 2026 |
| Withdrawal Update Form 2File: Engineer_Certificate_Q3.pdf | 24 Feb 2026 |
| Withdrawal Update Form 3File: Panchranta_Developers_Form3_Q3.pdf | 24 Feb 2026 |
| Building plan approvalFile: revised CC.pdf | 20 Feb 2026 |
| Building plan approvalFile: Revised Plan.pdf | 20 Feb 2026 |
| Withdrawal Update Form 1File: Panchratna_Certificate_Q1.pdf | 20 Feb 2026 |
| Withdrawal Update Form 1File: Architect_Certificate.pdf | 20 Feb 2026 |
| Withdrawal Update Form 2File: 2024-25Q1_Form2Engineers Certificate.pdf | 20 Feb 2026 |
| Withdrawal Update Form 2File: Engineer_Certificate.pdf | 20 Feb 2026 |
| Withdrawal Update Form 3File: Form3_RERA_Certificate.pdf | 20 Feb 2026 |
| Withdrawal Update Form 3File: WingA.pdf | 20 Feb 2026 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form1.pdf | 20 Feb 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 CA Certificate.pdf | 20 Feb 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form-2 en certificate.pdf | 20 Feb 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form1_Architechs Certificate.pdf | 28 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form-3 Certificate.pdf | 28 Nov 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form2_Engineers certificate.pdf | 28 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 2024-25Q1_Form1Architectures Certificate.pdf | 20 Aug 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2024-25Q1_Form2Engineers Certificate.pdf | 20 Aug 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form3_RERA_Certificate.pdf | 20 Aug 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 2024-25Q1_Form1Architectures Certificate.pdf | 22 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2024-25Q1_Form2Engineers Certificate.pdf | 22 Jul 2024 |
| CERSAI detailsFile: 1 CERSAI Report.pdf | 24 Apr 2024 |
| Details of encumbrances concerned to FinanceFile: Declaration of encumbarnces-legal Q4.pdf | 20 Apr 2024 |
| Details of encumbrances concerned to FinanceFile: Declaration of Encumberance -Finance Q4.pdf | 20 Apr 2024 |
| Details of encumbrances concerned to LegalFile: Declaration of encumbarnces-legal Q4.pdf | 20 Apr 2024 |
| Details of encumbrances concerned to LegalFile: Declaration of Encumberance -Finance Q4.pdf | 20 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1 Architect's Certificate for prcentage of Completion of Work-Form 1.pdf | 20 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 1 Engineer's Certificate on cost incurred on project- Form 2.pdf | 20 Apr 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: 1 Engineer's Certificate on Quality Assurance- Form 2A.pdf | 20 Apr 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 1 CA Certificate on Project Cost and Fund Withdrawal Form3.pdf | 20 Apr 2024 |
| Details of encumbrances concerned to FinanceFile: 1b Details of encumbrances on legal (Q1).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to FinanceFile: 1b Details of encumbrances on legal (Q2).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to FinanceFile: 1b Details of encumbrances on legal (Q3).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to FinanceFile: 1b Details of encumbrances on legal (Q1).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to FinanceFile: 1b Details of encumbrances on legal (Q2).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to FinanceFile: 1b Details of encumbrances on legal (Q3).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1b Details of encumbrances on legal (Q1).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1b Details of encumbrances on legal (Q2).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1b Details of encumbrances on legal (Q3).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1b Details of encumbrances on legal (Q1).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1b Details of encumbrances on legal (Q2).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1b Details of encumbrances on legal (Q3).pdf | 16 Mar 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Ca certificate Q1(April-June).pdf | 16 Mar 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Ca certificate Q2(July-September).pdf | 16 Mar 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Ca certificate Q3(October-December).pdf | 16 Mar 2024 |
| Details of encumbrances concerned to FinanceFile: 1a Declaration of encumbrances on finance (Q1).pdf | 14 Mar 2024 |
| Details of encumbrances concerned to FinanceFile: 1a Details of encumbrances on finance (Q2).pdf | 14 Mar 2024 |
| Details of encumbrances concerned to FinanceFile: 1a Details of encumbrances on finance (Q3).pdf | 14 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1a Declaration of encumbrances on finance (Q1).pdf | 14 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1a Details of encumbrances on finance (Q2).pdf | 14 Mar 2024 |
| Details of encumbrances concerned to LegalFile: 1a Details of encumbrances on finance (Q3).pdf | 14 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1 Architect's Certififcate of Percentage of Completion on Work Q1 (April-June).pdf | 14 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1 Architect's Certificate of Percentage of Completion on Work Q2 (July-Sept).pdf | 14 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1 Architect's Certificate of Percentage of Completion on Work Q3 (Oct-Dec).pdf | 14 Mar 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer's Certificate on Cost incurred on Project cost Q1 (April-June).pdf | 14 Mar 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer's Certificate on Cost incurred on Project cost Q2 (July-Sept).pdf | 14 Mar 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer;s Certificate on Cost incurred on Project cost Q3 (Oct- Dec).pdf | 14 Mar 2024 |
| CERSAI detailsFile: 1 CERSAI details.pdf | 14 Mar 2024 |
| Other - FinanceFile: Declaration.pdf | 10 Apr 2023 |
| CERSAI detailsFile: Cersai Declaration.pdf | 22 Mar 2023 |
| Proforma of Agreement for saleFile: organized (3).pdf | 22 Mar 2023 |
| Details of encumbrances concerned to FinanceFile: Encumberance.pdf | 9 Mar 2023 |
| Details of encumbrances concerned to LegalFile: Encumberance.pdf | 9 Mar 2023 |
| CERSAI detailsFile: CERSAI_Search_Report_200261339764_For_Asset_Based_Search_25_02_2023_13_57_29_269.pdf | 9 Mar 2023 |
| Declaration in FORM BFile: Form B.pdf | 21 Feb 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: ca certificate 2.pdf | 21 Feb 2023 |
| Layout approvalFile: Layout.pdf | 20 Feb 2023 |
| Building plan approvalFile: Layout.pdf | 20 Feb 2023 |
| PAN CardFile: pan Firm.pdf | 20 Feb 2023 |
| Copy of the legal title reportFile: Title_Certiricate.pdf | 20 Feb 2023 |
| Copy of the legal title reportFile: search report 2.pdf | 20 Feb 2023 |
Comparing a few projects?
You have opened several on ReraGenie. A free account keeps them in one list with their booking and possession figures, and puts two to six of them side by side.
How this compares with Thane
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.
Buyer report
Built from this project's filings on the day you order, in plain language.
- 2 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 5 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 93 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
Only want to be told when something changes?
- An email each time this filing moves: new sales, a moved possession date, an extension, a complaint, the occupancy certificate
- Plain words, conditions that have happened marked in red
- A summary of everything that changed when the 90 days end
Keep PANCHRATNA SAPPHIRE on your shortlist
Saving puts this project on your dashboard with its booking and possession figures, ready to place side by side with up to five others. A free account also gets our weekly market digest by email.
Other projects near KALYAN7,600+ in Thane
Filed coordinates, straight-line distance. 175 registered projects within 2 km.
Kohinoor Eden
KGI REALTY PRIVATE LIMITED
Olympia City Phase 1
Balaji Rattan Lifespaces
Krishna Trident
Sonawane Infrastructure Private Limited
Rai s Heaven
RAI RESIDENCY Private Limited
Metro Grande Tower C and D
West Pioneer Properties India Pvt Ltd
SEASON SAHARA BUILDING NO 4 AND 5
SAMARTH SAI BUILDERS & DEVELOPERS
See every Thane project, with the district possession charts
Builder: PANCHARATNA DEVELOPERS
PANCHARATNA DEVELOPERS has 6 registrations on MahaRERA, including JEEVAN SHILP and PANCHARATNA COMPLEX. 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 PANCHRATNA SAPPHIRE is delayed beyond 31 Mar 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 PANCHRATNA SAPPHIRE?
The registered promoter entity is PANCHARATNA 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 PANCHRATNA SAPPHIRE?
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 PANCHRATNA SAPPHIRE?
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 PANCHRATNA SAPPHIRE?
The professionals named in the filing: Architect: SPACE ENVIRO ARCHITECTS; Architect: ANKUR ARVINDSHETYE; Engineer: KHASNIS & ASSOCIATES; Chartered Accountant: R A HOTWANI & COMPANY; Chartered Accountant: D S KARIRA & ASSOCIATES. 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 PANCHRATNA SAPPHIRE?
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.
Get the buyer report · Rs 499 See a real one first
Studying this micro-market rather than buying a flat? The developer project analysis, Rs 2,999, maps every registration within 5 km from filed coordinates, reads what this market absorbs, prices the parcel and takes the promoter's whole book apart. See a complete sample.
Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on MahaRERA, and we read every report.
Report an error Share feedback