Home / Browse projects / Palghar, Maharashtra / Shyam Regency Phase 2
Shyam Regency Phase 2
RG-MH-24970 · RERA P99000012452 · Last updated on MahaRERA portal: 21 Jan 2022
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 58 months past the filed date
- Completion date moved by 35 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
4 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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Shyam Regency Phase 2 is a Residential / Group Housing project by Shree Balaji Realty in Palghar, Maharashtra, registered with MahaRERA as P99000012452 on 1 Sep 2017. Possession was promised by 30 Dec 2021 and is now 58 months past that date. The completion date has moved by 35 months from the original filing.
At a glance
Project
- NameShyam Regency Phase 2
- TypeResidential / Group Housing
- Location
- Dhansar
- Palghar
- 401404
- Pincode401404
- MapView location on Google Maps (as filed on RERA)
- RERA no.P99000012452
- ReraGenie IDRG-MH-24970
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on1 Sep 2017
- Promised completion30 Dec 2021
- Revised completionRevised to 30 Dec 2021 (originally 31 Jan 2019)
- Buildings3 building records
- Documents filed28 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Shyam Regency 6 | NA | 3 | 0 | 0 | 0 | 0 |
| Shyam Regency 7 | NA | 3 | 0 | 0 | 0 | 0 |
| Shyam Regency 11 | NA | 3 | 0 | 0 | 0 | 0 |
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 building3
As on 21 Jan 2022, 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.
30 of 33 construction stages are filed complete across 3 buildings. The stage furthest along is Podiums (if any), at 0%.
Shyam Regency 691%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 100% |
| 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. | 100% |
| 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. | 100% |
Shyam Regency 791%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 100% |
| 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. | 100% |
| 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. | 100% |
Shyam Regency 1191%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 100% |
| 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. | 100% |
| 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. | 100% |
Progress on shared amenities15
As on 21 Jan 2022, 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 | 100% |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | Yes | 100% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 100% |
| Solid Waste Management And Disposal | No | Not applicable |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | Yes | 100% |
| Open Parking | Yes | 100% |
Parking filed24
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.
| Building | Open Space | Total |
|---|---|---|
| Shyam Regency 6 | 10 | 10 |
| Shyam Regency 7 | 4 | 4 |
| Shyam Regency 11 | 10 | 10 |
Land and ownership1
MahaRERA does not publish landowner contact details. MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| Shobha Realtors | Borivali | Mumbai Suburban |
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 partners2
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Sameer Desai |
| Engineer | Hiren Tanna |
| Partner | Role in project |
|---|---|
| Shree Balaji Realty | - |
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 promoter100 %Work.are dun And application of OC fro 3 Buildings
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 31 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 31 Jul 2017 - 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 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 23 Jun 2018Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateOn the file
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
uploaded 21 Oct 2021
Documents filed28
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 |
|---|---|
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: STABILITY CERTIFICATE.pdf | 21 Jan 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Engineers Certificate.pdf | 21 Oct 2021 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Engineers Certificate.pdf | 21 Oct 2021 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Completion Certificate.pdf | 16 Sep 2021 |
| Commencement Certificates / NA Order for plotted developmentFile: CC.pdf | 23 Jun 2018 |
| Building plan approvalFile: Building - B.pdf | 31 Jul 2017 |
| Building plan approvalFile: Building - B1.pdf | 31 Jul 2017 |
| Layout approvalFile: Layout.pdf | 31 Jul 2017 |
| PAN CardFile: Pancard.pdf | 31 Jul 2017 |
| Copy of the legal title reportFile: Title_Certificate.pdf | 31 Jul 2017 |
| Copy of the legal title reportFile: Search Report.pdf | 31 Jul 2017 |
| Details of encumbrancesFile: Encumbrances.pdf | 31 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Layout.pdf | 31 Jul 2017 |
| Building Plan Approval (IOD)File: Building - B.pdf | 31 Jul 2017 |
| Building Plan Approval (IOD)File: Building - B1.pdf | 31 Jul 2017 |
| Declaration in FORM BFile: Declaration.pdf | 31 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architects Certificate - 1.pdf | 31 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architects Certificate - 2.pdf | 31 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architects Certificate - 3.pdf | 31 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineering Certificate - 1.pdf | 31 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineering Certificate - 2.pdf | 31 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineering Certificate - 3.pdf | 31 Jul 2017 |
| Certificates of CA (Form 3)File: CA Certificate - 1.pdf | 31 Jul 2017 |
| Certificates of CA (Form 3)File: CA Certificate - 2.pdf | 31 Jul 2017 |
| Certificates of CA (Form 3)File: CA Certificate - 3.pdf | 31 Jul 2017 |
| Proforma of Allotment letterFile: Allotment Letter.pdf | 31 Jul 2017 |
| OtherFile: Praposed - B2.pdf | 31 Jul 2017 |
| OtherFile: Proposed - B3.pdf | 31 Jul 2017 |
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How this compares with Palghar
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 4 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 2 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 28 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
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See every Palghar project, with the district possession charts
Builder: Shree Balaji Realty
SHREE BALAJI REALTY has 3 registrations on MahaRERA, including GANGA FLORENTINA PH I and Shyam Regency Phase 2. Its filings disclose 1 earlier MahaRERA project: declares 0 of 1 past projects completed on time. Read the full track record. See more projects on the Palghar district page.
Frequently asked questions
What does it mean that Shyam Regency Phase 2 shows as registration lapsed on MahaRERA?
A registration runs until the completion date the promoter declared. If the project is neither completed nor extended by then it lapses, and a de-registration or revocation ends it by order. In every case the promoter may no longer legally advertise, market or sell in the project, and the Authority can act under section 7 against a defaulting promoter. What it does not do is cancel an agreement for sale you have already signed, or extinguish your section 18 right to delay interest or refund; those run from your agreement, not from the registration. Get the current position from the promoter in writing, verify it on the MahaRERA portal, and take legal advice before paying any further instalment.
What are my rights if Shyam Regency Phase 2 is delayed beyond 30 Dec 2021?
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 Shyam Regency Phase 2?
The registered promoter entity is Shree Balaji Realty, 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 Shyam Regency Phase 2?
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 Shyam Regency Phase 2?
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 Shyam Regency Phase 2?
The professionals named in the filing: Architect: Sameer Desai; Engineer: Hiren Tanna. 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 Shyam Regency Phase 2?
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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