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Registered No litigation declared Residential / Group Housing project

Raheja Exotica Cyprus

By Raheja Universal (Pvt.) Ltd.

RG-MH-06503 · RERA P51800052646 · Last updated on MahaRERA portal: 18 Jun 2026

Source: official MahaRERA filing

Red flags

  • Encumbrance declared on the project land

Clear

  • No litigation declared
  • No complaints on record
  • Completion date never moved
  • Separate project account declared
  • Allotment letter follows the model form

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.

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Dec 2029Possession promisedno revision filed
4 of 22Construction stages doneacross 2 buildings; furthest along: Slabs of Super Structure, 50%
50 of 266Units unsoldnot recorded sold or booked
0Complaints at MahaRERAon this registration
Jump to the 109 documents Report an error

Raheja Exotica Cyprus is a Residential / Group Housing project by Raheja Universal (Pvt.) Ltd. in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800052646 on 15 Sep 2023. Possession is promised by 31 Dec 2029. 216 of the 266 units on this registration are recorded sold or booked, and 4 of 22 construction stages are filed complete.

At a glance

Project

  • NameRaheja Exotica Cyprus
  • TypeResidential / Group Housing
  • Location
    • Madh Marve Road
    • Malad
    • Borivali
    • Mumbai Suburban
    • 400061
  • Pincode400061
  • RERA no.P51800052646
  • ReraGenie IDRG-MH-06503

Builder

  • NameRaheja Universal (Pvt.) Ltd.
  • Entity typeCompany
  • DirectorASHISH SURESH RAHEJA
  • Other registrations16 more →
  • Completed2 of 17
  • Declared earlier projects13 →

Key dates

this monthRegisteredSep 2023PromisedDec 2029

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on15 Sep 2023
  • Promised completion31 Dec 2029
  • Revised completionNone
  • Buildings2 building records
  • Documents filed109 files

Current status

81%216 of 266 units booked
30.8%Work done, per cost certificate

Figures as on 18 Jun 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Wing ANA40361330133
Wing BNA40361330133

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 building2

As on 18 Jun 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 22 construction stages are filed complete across 2 buildings. The stage furthest along is Slabs of Super Structure, at 50%.

Wing A26%
ActivityProgress
Excavation100%
Basement (if any)0%
Podiums (if any)35%
Plinth100%
Stilt Floor0%
Slabs of Super Structure50%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises5%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks0%
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%
Wing B24%
ActivityProgress
Excavation100%
Basement (if any)0%
Podiums (if any)20%
Plinth100%
Stilt Floor0%
Slabs of Super Structure40%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises4%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks0%
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 18 Jun 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 & FootpathsYes50%
Water SupplyYes10%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes0%
Storm Water DrainsYes5%
Landscaping & Tree PlantingYes0%
Street LightingYes0%
Community BuildingsNoNot applicable
Treatment And Disposal Of Sewage And Sullage WaterYes0%
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 filed480

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 slots480
Closed/Covered480
BuildingClosed/CoveredTotal
Wing A240240
Wing B240240

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 area1,251 sq m
Land owned byThe promoter
Named landownersNone
Encumbrance on the landDeclared present
CERSAI search filedYes
Declared on28 Nov 2025

Approvals and building plan

Sanctioning authorityMCGM
Permissible FSI41999.95
Proposed, not sanctioned36,536 sq m
Buildings approved2
Buildings sanctioned2

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 branchKamala Mills Coumpound, Ground Floor, Senapati Bapat Marg, Lower Parel, Mumbai-400013
Estimated costRs 538.83 cr
Cost incurredRs 165.68 cr
Work done30.75%
BuildingWingEstimatedIncurred
Wing ANARs 229.34 crRs 67.06 cr
Wing BNARs 229.34 crRs 67.06 cr
-NARs 80.15 crRs 31.56 cr

Certifying professionals and partners5

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

RoleName
ArchitectKamal Khemani
EngineerMahesh lalla
Chartered AccountantDinesh Jain
Chartered AccountantVinit & Associates
Chartered AccountantK. N. Gandhi & Co.
PartnerRole in project
Raheja Universal (Pvt.) Ltd.-

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 11 Aug 2023
  2. Layout approvalOn the file

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

    uploaded 25 Aug 2023
  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 31 Dec 2024
  4. Commencement CertificateOn the file

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

    uploaded 10 Mar 2025Confirm 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 31 Dec 2029

Documents filed109

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 109 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
Form 2A (FY 2023-2024)File: Cyprus- 2A- 2024.pdf18 Jun 2026
Form 2A (FY 2024-2025)File: Cyprus-2A- 2025.pdf18 Jun 2026
Form 5 (FY 2023-2024)File: Form 5_FY 2023-24_Cyprus.pdf18 Jun 2026
Withdrawal Update Form 1File: Form 1 - Exotica Cyprus.pdf13 Jun 2026
Withdrawal Update Form 2File: Cyprus.pdf13 Jun 2026
Withdrawal Update Form 3File: Form 3_Cyprus_ 31 03 2026.pdf13 Jun 2026
Form 2A (FY 2025-2026)File: Cyprus.pdf11 Jun 2026
Withdrawal Update Form 1File: Form 1 - Exotica Cyprus.pdf15 May 2026
Withdrawal Update Form 2File: Cyprus.pdf15 May 2026
Withdrawal Update Form 3File: Form 3_Cyprus_ 31 03 2026.pdf15 May 2026
Withdrawal Update Form 1File: Form 1 - Exotica Cyprus.pdf12 May 2026
Withdrawal Update Form 2File: Cyprus.pdf12 May 2026
Withdrawal Update Form 3File: Form 3_Cyprus_ 31 03 2026.pdf12 May 2026
Form 5 (FY 2024-2025)File: Form 5 Cyprus31032025.pdf2 Apr 2026
Withdrawal Update Form 1File: Form-1 Cyprus 301225.pdf3 Feb 2026
Withdrawal Update Form 2File: Cyprus Form-2 311225.pdf3 Feb 2026
Withdrawal Update Form 3File: Form 3 Cyprus 31122025 12012026.pdf3 Feb 2026
Withdrawal Update Form 1File: Form 1 Cyprus 300625.pdf28 Nov 2025
Withdrawal Update Form 1File: Form 1 Cyprus 300925.pdf28 Nov 2025
Withdrawal Update Form 2File: Cyprus Form 2 300625.pdf28 Nov 2025
Withdrawal Update Form 2File: Cyprus Form 2 300925.pdf28 Nov 2025
Withdrawal Update Form 3File: Form 3 Cyprus 300625.pdf28 Nov 2025
Withdrawal Update Form 3File: Form 3 Cyprus 300925.pdf28 Nov 2025
Other - FinanceFile: Declaration stating reason for transfer of bank account .pdf17 Jun 2025
Commencement Certificates / NA Order for plotted developmentFile: Cyprus CC .pdf10 Mar 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Cyprus 311224.pdf7 Mar 2025
Disclosure of sold/ booked inventoryFile: Cyprus- Sold unsold inventory disclosure 311224.pdf18 Feb 2025
Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Cyprus Form 2A (23-24).pdf18 Feb 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Cyprus 311224.pdf14 Feb 2025
Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5 Cyprus (23-24).pdf14 Feb 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Cyprus 311224.pdf6 Feb 2025
Letter from the bank regarding the opening of RERA Designated Bank Accounts (Format B)File: Cyprus Declaration about all RERA Designated Bank Accounts (Format A) .pdf5 Feb 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Cyprus 311224.pdf23 Jan 2025
Building plan approvalFile: pg 1-2.pdf31 Dec 2024
Building plan approvalFile: Pg 3-4.pdf31 Dec 2024
Building plan approvalFile: Pg 5-6.pdf31 Dec 2024
Building plan approvalFile: Pg 7-8.pdf31 Dec 2024
Building plan approvalFile: Pg 9-10.pdf31 Dec 2024
Building plan approvalFile: Pg 11-15.pdf31 Dec 2024
Building plan approvalFile: Pg 16.pdf31 Dec 2024
Building plan approvalFile: Pg 17.pdf31 Dec 2024
Building plan approvalFile: Pg 18.pdf31 Dec 2024
Building plan approvalFile: pg 19.pdf31 Dec 2024
Building plan approvalFile: Pg 20.pdf31 Dec 2024
Building plan approvalFile: Pg 21-22.pdf31 Dec 2024
Building plan approvalFile: Pg 23.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 16.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 23.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 21-22.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 20.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: pg 19.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 18.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 17.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 11-15.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 9-10.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 7-8.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 5-6.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: Pg 3-4.pdf31 Dec 2024
Building Plan Approval / NA Order for plotted developmentFile: pg 1-2.pdf31 Dec 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Cyprus 300924.pdf9 Dec 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Cyprus 300924.pdf6 Dec 2024
Disclosure of sold/ booked inventoryFile: Cyprus- Sold unsold inventory disclosure 300624.pdf1 Aug 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Cyprus 30062024.pdf1 Aug 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Cyprus 30062024.pdf10 Jul 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 cyprus 310324.pdf27 Jun 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Cyprus 31032024.pdf14 Jun 2024
Disclosure of sold/ booked inventoryFile: Cyprus Sold Unsold Inventory 3132024.pdf4 Jun 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Cyprus 30032024.pdf29 May 2024
Commencement Certificates / NA Order for plotted developmentFile: Cyprus CC 010224.pdf2 Feb 2024
Declaration about Commencement CertificateFile: cyprus cc declaration.pdf2 Feb 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Cyprus 311223.PDF29 Jan 2024
Building plan approvalFile: Plans.pdf19 Jan 2024
Building Plan Approval / NA Order for plotted developmentFile: Plans.pdf19 Jan 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Cyprus Form 1 301223.pdf19 Jan 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Cyprus 300923.pdf12 Oct 2023
Declaration about Commencement CertificateFile: cc declaratio.pdf11 Sep 2023
Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Account declaration.pdf8 Sep 2023
Proforma of Agreement for saleFile: Cyprus AFS final.pdf1 Sep 2023
Deviation Report with respect to model copy of AgreementFile: Deviation report.pdf1 Sep 2023
Other - LegalFile: Incorporation certificate.pdf1 Sep 2023

Promoter's earlier projects13

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.

6 delivered on promise6 delivered late1 under way, not due yet
ProjectLocationFlatsRegisteredStatusPromisedDelivered
Raheja Lunaris-2PR1331012501769MIDC Industrial Area, Thane760Dec 2025OngoingDec 2031Not due yet
Tesla Building No 1 - Formerly known as EDISONJuinagar - Navi Mumbai259-CompletedApr 2018Apr 2018
Raheja Exotica - Sorento 5BMadh Island - Malad West165-CompletedOct 2017Apr 2017
Raheja Exotica - Sorento 5AMadh Island - Malad West211-CompletedOct 2017Apr 2017
Raheja RidgewoodGoregaon East - Mumbai278-CompletedMar 2017Late, Apr 2017
Raheja Reflections - OdysseyKandivali East Mumbai62-CompletedJan 2017Late, Apr 2017
Raheja Reflections - EternityKandivali East Mumbai229-CompletedMar 2016Mar 2016
Raheja Waterfront - PacificKulai - Mangalore292-CompletedDec 2014Late, Apr 2017
Raheja Waterfront - AtlanticKulai Manglore228-CompletedDec 2014Late, Mar 2016
Raheja Reflections - SerenityKandivali East256-CompletedMay 2014Late, Oct 2014
Raheja XionByculla - Mumbai12-CompletedApr 2013Apr 2013
Raheja Exotica - Amalfi Sicily and Capri - Phase - IIIMadh Island - Malad West311-CompletedApr 2013Late, Jun 2014
Raheja Reflection PlazaKandivali East1-CompletedFeb 2012Feb 2012

How this compares with Mumbai Suburban

81%of this project is bookeddistrict median 30%
33%of Mumbai Suburban projects moved their completion datethis one has not
21%of Mumbai Suburban registrations have lapsed or been cancelledthis one is on the register

Computed across the 6,700+ Mumbai Suburban projects on ReraGenie, from their own filings.

Free monthly report: Mumbai 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 Malad6,700+ in Mumbai Suburban

Builder: Raheja Universal (Pvt.) Ltd.

Raheja Universal (Pvt.) Ltd. has 17 registrations on MahaRERA, including Raheja Imperia - I and Raheja Exotica Verona. Its filings disclose 13 earlier MahaRERA projects: declares 6 of 12 past projects completed on time. Read the full track record. See more projects on the Mumbai Suburban district page.

Frequently asked questions

What are my rights if Raheja Exotica Cyprus is delayed beyond 31 Dec 2029?

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 Raheja Exotica Cyprus?

The registered promoter entity is Raheja Universal (Pvt.) Ltd., a company 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 Raheja Exotica Cyprus?

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 Raheja Exotica Cyprus?

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 Raheja Exotica Cyprus?

The professionals named in the filing: Architect: Kamal Khemani; Engineer: Mahesh lalla; Chartered Accountant: Dinesh Jain; Chartered Accountant: Vinit & Associates; Chartered Accountant: K. N. Gandhi & 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 Raheja Exotica Cyprus?

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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