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Registered No litigation declared Residential / Group Housing project

Shraddha Paradise

By Shraddha Prime Projects Limited

RG-MH-06214 · RERA P51800052244 · Last updated on MahaRERA portal: 2 Jul 2026

Source: official MahaRERA filing

Red flags

  • Rs 75.00 crore secured on the land, in favour of Axis Finance Limited

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 2028Possession promisedno revision filed
3 of 11Construction stages donefurthest along: Stilt Floor, 30%
231 of 356Units unsoldnot recorded sold or booked
0Complaints at MahaRERAon this registration
Jump to the 103 documents Report an error

Shraddha Paradise is a Residential / Group Housing project by Shraddha Prime Projects Limited in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800052244 on 2 Aug 2023. Possession is promised by 31 Dec 2028. 125 of the 356 units on this registration are recorded sold or booked, and 3 of 11 construction stages are filed complete.

At a glance

Project

  • NameShraddha Paradise
  • TypeResidential / Group Housing
  • Location
    • Kosamgo Nagar Road
    • Borivali
    • Magathane
    • Mumbai Suburban
    • 400092
  • Pincode400092
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P51800052244
  • ReraGenie IDRG-MH-06214

Builder

  • NameShraddha Prime Projects Limited
  • Entity typeCompany
  • CINL70100MH1993PLC394793
  • GSTIN27AAACT6881D1Z8
  • CIN and GSTIN are from this promoter's other MahaRERA registrations. This project's own filing does not repeat them.
  • DirectorsSudhir Balu Mehta, Ramchandra Krishna Ralkar, Santosh Sadashiv Samant, Shivangi Datta, Nimisha Soni, Rohit Mahesh Agrawal
  • Other registrations7 more →
  • Declared earlier projects7 →

Key dates

this monthRegisteredAug 2023PromisedDec 2028

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on2 Aug 2023
  • Promised completion31 Dec 2028
  • Revised completionNone
  • Buildings1 building record
  • Documents filed103 files

Current status

35%125 of 356 units booked
41.9%Work done, per cost certificate

Figures as on 2 Jul 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Wing A and Wing BNA35313560356

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 2 Jul 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.

3 of 11 construction stages are filed complete. The stage furthest along is Stilt Floor, at 30%.

Wing A and Wing B: 33% average across the applicable activities

ActivityProgress
Excavation100%
Basement (if any)0%
Podiums (if any)100%
Plinth100%
Stilt Floor30%
Slabs of Super Structure30%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises8%
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 2 Jul 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 & FootpathsNoNot applicable
Water SupplyYes0%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes0%
Storm Water DrainsYes0%
Landscaping & Tree PlantingYes0%
Street LightingNoNot applicable
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 SpaceNoNot applicable
Open ParkingNoNot applicable

Parking filed350

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 slots350
Closed/Covered350

Land and ownership1

MahaRERA does not publish landowner contact details. 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 area8,114 sq m
Land owned byNot the promoter
Named landowners1
Encumbrance on the landDeclared present
Charge in favour ofAxis Finance Limited
Secured amountRs 75.00 crore
CERSAI search filedYes
Declared on18 Nov 2025
LandownerVillageDistrict
Paradise Tower Co-Operative Housing Society LtdGhatkoparMumbai Suburban

Approvals and building plan

Sanctioning authorityMCGM
Permissible FSI26164.92
Proposed, not sanctioned26,148 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 branchNO.1, COMMERCIAL WING VIKAS PARADISE, LBS MARG, MULUND WEST MUMBAI 400 080,MAHARASHTRA,400080
Estimated costRs 130.00 cr
Cost incurredRs 54.50 cr
Work done41.93%
BuildingWingEstimatedIncurred
Wing A and Wing BNARs 123.50 crRs 51.78 cr
-NARs 6.50 crRs 2.73 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
ArchitectSagar Makhela
EngineerSK Consultants & Engineers
EngineerRAJENDRA BANKAR
Chartered AccountantRutuja Narsingh & Associates
Chartered AccountantNB Sayed & Associates
PartnerRole in project
Shraddha Prime Projects Limited-

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 12 Jul 2023
  2. Layout approvalOn the file

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

    uploaded 26 Feb 2026
  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 26 Feb 2026
  4. Commencement CertificateOn the file

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

    uploaded 27 Jul 2024Confirm 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 2028

Documents filed103

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 103 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 2025-2026)File: FORM 2A FY 25-26 SHRADDHA PARADISE.pdf2 Jul 2026
Form 2A (FY 2023-2024)File: Form 2A - Shraddha Paradise for FY 2023-24.pdf18 Jun 2026
Form 2A (FY 2024-2025)File: Form 2A - Shraddha Paradise for FY 2024-25.pdf18 Jun 2026
Withdrawal Update Form 1File: Form 1 - Shraddha Paradise as on March 2026.pdf23 May 2026
Withdrawal Update Form 2File: Form 2 - Shraddha Paradise as on March 2026.pdf23 May 2026
Withdrawal Update Form 3File: Form 3 - Shraddha Paradise as on March 2026.pdf23 May 2026
Form 5 (FY 2024-2025)File: Form 5 - Shraddha Paradise for FY 2024-25.pdf11 Mar 2026
Form 5 (FY 2023-2024)File: Form 5 Shraddha Paradise FY 2023-24.pdf5 Mar 2026
Layout approvalFile: Borivali Amended IOD Drawing 18 09 2023-1.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-2.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-3.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-4.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-5.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-6.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-7.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-8.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-9.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-10.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-11.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-12.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-13.pdf26 Feb 2026
Building plan approvalFile: Borivali Amended IOD Drawing 18 09 2023-14.pdf26 Feb 2026
Withdrawal Update Form 1File: Form 1 of Shraddha Paradise as on Dec 2025.pdf25 Feb 2026
Withdrawal Update Form 2File: Form 2 - Shraddha Paradise as on Dec 2025.pdf25 Feb 2026
Withdrawal Update Form 3File: Form 3 - Shraddha Paradise as on Dec 2025.pdf25 Feb 2026
Building plan approvalFile: 8th page.pdf12 Jan 2026
Building plan approvalFile: 9th Page.pdf12 Jan 2026
Building plan approvalFile: 10th Page.pdf12 Jan 2026
Building plan approvalFile: 11th Page.pdf12 Jan 2026
Building plan approvalFile: 12th Page.pdf12 Jan 2026
Building plan approvalFile: 13th Page.pdf12 Jan 2026
Building plan approvalFile: 14th Page.pdf12 Jan 2026
Withdrawal Update Form 1File: Form 1 - Shraddha Paradise as on Sept 2025.pdf12 Jan 2026
Withdrawal Update Form 2File: Form 2 - Shraddha Paradise as on Sept 2025.pdf12 Jan 2026
Withdrawal Update Form 3File: Form 3 of Shraddha Paradise as on 30th September 2025.pdf12 Jan 2026
Layout approvalFile: Layout.pdf10 Jan 2026
Building plan approvalFile: Layout.pdf10 Jan 2026
Building plan approvalFile: 3 Podiums.pdf10 Jan 2026
Building plan approvalFile: 1st 2nd and 3rd Floor.pdf10 Jan 2026
Building plan approvalFile: 4th (Refuge) and 5th Floor.pdf10 Jan 2026
Building plan approvalFile: 6th 7th and 8th Floors.pdf10 Jan 2026
Building plan approvalFile: 9th 10th 12th to 17th 19th to 24th 26th to 30th and 31st.pdf10 Jan 2026
Building plan approvalFile: 11th 18th and 25th Refuge Floors.pdf10 Jan 2026
Form 1File: Form 1 - Shraddha Paradise as on June 2025.pdf11 Sep 2025
Form 2File: Form 2 - Shraddha Paradise as on June 2025.pdf11 Sep 2025
Form 3File: Form 3 - Shraddha Paradise as on June 2025.pdf11 Sep 2025
Disclosure of Sold and Booked InventoryFile: Circular 29 - Shraddha Paradise as on June 2025.pdf11 Sep 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Shraddha Paradise as on March 2025.pdf10 May 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 - Shraddha Paradise as on March 2025.pdf10 May 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - Shraddha Paradise as on March 2025.pdf10 May 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 of Shraddha Paradise as on 31st December 2024.pdf14 Feb 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - Shraddha Paradise as on Dec 2024.pdf14 Feb 2025
Proforma of Agreement for saleFile: DRAFT_AFS_PARADISE.pdf31 Dec 2024
Disclosure of sold/ booked inventoryFile: sh paradise_0001_5_11zon.pdf10 Dec 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 - Shraddha Paradise as on Sep 2024.pdf23 Nov 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - Shraddha Paradise as on Sep 2024.pdf23 Nov 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Shraddha Paradise as on Sep 2024.pdf9 Nov 2024
Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5 Shraddha Paradise FY 2023-24.pdf30 Oct 2024
Details of encumbrances concerned to FinanceFile: Shraddha Paradise_RERA.pdf11 Oct 2024
Details of encumbrances concerned to LegalFile: Shraddha Paradise_RERA.pdf11 Oct 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Shraddha Paradise as on March 2024.pdf7 Aug 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Shraddha Paradise as on June 2024.pdf7 Aug 2024
Commencement Certificates / NA Order for plotted developmentFile: CC - Shraddha Paradise.pdf27 Jul 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 of Shraddha Paradise as on June 2024.pdf18 Jul 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 of Shraddha Paradise as on 30th June 2024.pdf18 Jul 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - Shraddha Paradise as on March 2024.pdf31 May 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 - Shraddha Paradise as on March 2024.pdf31 May 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 2 Architect’s Certificate of Percentage of Completion of Work (Form 1) (7).pdf20 Apr 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2 Engineer’s Certificate on Cost Incurred on Project (Form 2) (9).pdf20 Apr 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: GAH.pdf20 Apr 2024
Commencement Certificates / NA Order for plotted developmentFile: 2399833_FirstCC_signed.pdf6 Mar 2024
Proforma of Agreement for saleFile: PARADISE_AFS.pdf23 Feb 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Shraddha Paradise as on Dec 2023.pdf1 Feb 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 of Shraddha Paradise as on Dec 2023.pdf20 Jan 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 of Shraddha Paradise as on 31st December 2023.pdf20 Jan 2024
Layout approvalFile: 2389609Amendletter_signed.pdf15 Dec 2023
Building plan approvalFile: DrawingF.pdf15 Dec 2023
Copy of Layout Approval (in case of layout)File: 2389609Amendletter_signed.pdf15 Dec 2023
Building Plan Approval / NA Order for plotted developmentFile: DrawingF.pdf15 Dec 2023
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Shraddha Paradise as on Sep 2023.pdf7 Dec 2023

Promoter's earlier projects6

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 under way, not due yet
ProjectLocationFlatsRegisteredStatusPromisedDelivered
Shraddha Park CityP51800055750Dahisar East, Borivali, Mumbai Suburban1,159Apr 2024OngoingDec 2029Not due yet
Pratham - By ShraddhaP51800077622Borivali East, Mumbai Suburban-Oct 2024OngoingDec 2029Not due yet
Shraddha Paradise EnclavePR1180002600018Veena Nagar Phase II, Mumbai Suburban207Apr 2026OngoingMar 2029Not due yet
Shraddha PalaciousP51800052241Bhandup West, Mumbai Suburban398Aug 2023OngoingDec 2027Not due yet
Shraddha PavillionP51800049739Kanjurmarg East, Mumbai, Mumbai Suburban166Feb 2023OngoingJan 2027Not due yet
Shraddha PanoramaP51800053318Mulund, Mumbai Suburban282Oct 2023OngoingDec 2026Not due yet

How this compares with Mumbai Suburban

35%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 Borivali6,700+ in Mumbai Suburban

2 kmShraddha ParadiseCompleted 144Lapsed / revoked 83Other 210Dot size: filed unitsN

Filed coordinates, straight-line distance. 437 registered projects within 2 km.

Builder: Shraddha Prime Projects Limited

Shraddha Prime Projects Limited has 8 registrations on MahaRERA, including Shraddha Pavillion and Shraddha Paradise. Its filings disclose 7 earlier MahaRERA projects, none completed yet. Read the full track record. See more projects on the Mumbai Suburban district page.

Frequently asked questions

What are my rights if Shraddha Paradise 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 Shraddha Paradise?

The registered promoter entity is Shraddha Prime Projects Limited, a company as per the filing. Its CIN L70100MH1993PLC394793 and GSTIN 27AAACT6881D1Z8 can be cross-checked on the MCA and GST portals. 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 Shraddha Paradise?

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 Shraddha Paradise?

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 Shraddha Paradise?

The professionals named in the filing: Architect: Sagar Makhela; Engineer: SK Consultants & Engineers; Engineer: RAJENDRA BANKAR; Chartered Accountant: Rutuja Narsingh & Associates; Chartered Accountant: NB Sayed & 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 Shraddha Paradise?

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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