Home / Browse projects / Mumbai Suburban, Maharashtra / SILVER SAPPHIRE
SILVER SAPPHIRE
By MARS LIFESPACES(YASH) PRIVATE LIMITED
RG-MH-06276 · RERA P51800053145 · Last updated on MahaRERA portal: 22 Apr 2025
Source: official MahaRERA filing
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Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
Nothing adverse is on this record. The buyer report still reads the filed documents themselves.
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SILVER SAPPHIRE is a Residential / Group Housing project by MARS LIFESPACES(YASH) PRIVATE LIMITED in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800053145 on 17 Oct 2023. Possession is promised by 10 Jun 2027.
At a glance
Project
- NameSILVER SAPPHIRE
- TypeResidential / Group Housing
- Location
- SHIVDHAM SANKUL
- GEN. A.K. VAIDYA MARG
- Dindoshi
- Borivali
- Mumbai Suburban
- 400097
- Pincode400097
- RERA no.P51800053145
- ReraGenie IDRG-MH-06276
Builder
- NameMARS LIFESPACES(YASH) PRIVATE LIMITED
- Entity typeCompany
- DirectorsFORUM MUKESH MEHTA, NANCY MEHTA GOTHI
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on17 Oct 2023
- Promised completion10 Jun 2027
- Revised completionNone
- Buildings1 building record
- Documents filed53 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| SILVER SAPPHIRE | NA | 18 | 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 building1
As on 22 Apr 2025, 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 11 construction stages are filed complete. The stage furthest along is Slabs of Super Structure, at 65%.
SILVER SAPPHIRE: 49% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 65% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 15% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 58% |
| 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 22 Apr 2025, 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 | 0% |
| 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 | No | Not applicable |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed82
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 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 |
|---|---|---|
| DINDOSHI YASH CO-OPERATIVE HOUSING SOCIETY LIMITED | Greater Mumbai (M Corp.) (Part) (802794) | 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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | SHILP ASSOCIATES |
| Engineer | UNISTEPS CONSULTING PRIVATE LIMITED |
| Chartered Accountant | TK GOPALAKRISHNAN & ASSOCIATES |
| Partner | Role in project |
|---|---|
| MARS LIFESPACES(YASH) PRIVATE LIMITED | - |
Litigation declared1
| Case | Court | Status |
|---|---|---|
| 35278/2022 | Bombay High Court | Pending |
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 25 Sep 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 14 Jul 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 14 Jul 2023 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 5 Jul 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 10 Jun 2027
Documents filed53
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 |
|---|---|
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect certificate Form 1 Yash.pdf | 22 Apr 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Yash (2).pdf | 22 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Mars Lifespaces ( Yash) pvt ltd form 2.pdf | 22 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Mars Lifespaces (yash ) Form 2.pdf | 22 Apr 2025 |
| Proforma of Agreement for saleFile: Uploaded draft rera agreement Silver Sapphire.pdf | 30 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf | 18 Oct 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 rehab.pdf | 18 Oct 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2.pdf | 18 Oct 2024 |
| Details of encumbrances concerned to FinanceFile: YASH- Encumbrance Self Declaration(RERA).pdf | 8 Oct 2024 |
| Details of encumbrances concerned to LegalFile: YASH- Encumbrance Self Declaration(RERA).pdf | 8 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FOrm- 1 Yash.pdf | 23 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2- YASH REHAB.pdf | 23 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM -2 YASH.pdf | 23 Jul 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Yash.pdf | 23 Jul 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: RERA FORM-1 Dindoshi YASH.pdf | 15 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: SIlver Sapphire- Form 2.pdf | 15 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: SIlver Sapphire- Form 2 Rehab.pdf | 15 Apr 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Silver Sapphire- Form 3.pdf | 15 Apr 2024 |
| Declaration about Commencement CertificateFile: Declaration about CC.pdf | 6 Oct 2023 |
| Proforma of Agreement for saleFile: Silver Sapphire agreement draft-final (1).pdf | 6 Oct 2023 |
| Copy of the legal title reportFile: legal title report.pdf | 25 Sep 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate_compressed.pdf | 25 Sep 2023 |
| Deviation Report with respect to model copy of AgreementFile: Deviation from Agreement for sale.pdf | 12 Sep 2023 |
| Other - LegalFile: Yash suit-HC_compressed-1-80.pdf | 24 Jul 2023 |
| Other - LegalFile: Yash suit-HC_compressed-81-125.pdf | 24 Jul 2023 |
| Other - LegalFile: Yash suit-HC_compressed-126-185.pdf | 24 Jul 2023 |
| Other - LegalFile: Yash suit-HC_compressed-186-216.pdf | 24 Jul 2023 |
| Building plan approvalFile: PLAN.pdf | 14 Jul 2023 |
| Layout approvalFile: plan-2.pdf | 14 Jul 2023 |
| Building plan approvalFile: plan-5.pdf | 14 Jul 2023 |
| Building plan approvalFile: plan-3_compressed.pdf | 14 Jul 2023 |
| Building plan approvalFile: plan-4_compressed.pdf | 14 Jul 2023 |
| Copy of Layout Approval (in case of layout)File: plan-2.pdf | 14 Jul 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: PLAN.pdf | 14 Jul 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: plan-5.pdf | 14 Jul 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: plan-3_compressed.pdf | 14 Jul 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: plan-4_compressed.pdf | 14 Jul 2023 |
| Declaration in FORM BFile: FORM B-Affidavit Cum Declaration(Mars Lifespaces(YASH) Pvt Ltd) (1)_compressed.pdf | 14 Jul 2023 |
| Declaration in FORM BFile: FORM B-Affidavit Cum Declaration(Dindoshi Yash CHSL)_compressed.pdf | 14 Jul 2023 |
| PAN CardFile: MLYPL PAN CARD.pdf | 5 Jul 2023 |
| Details of encumbrances concerned to FinanceFile: Self Declaration About Encumbrances Concerned to Finance.pdf | 5 Jul 2023 |
| Details of encumbrances concerned to FinanceFile: To Whomsover it may concern.pdf | 5 Jul 2023 |
| Details of encumbrances concerned to LegalFile: Self Declaration About Encumbrances Concerned to Finance.pdf | 5 Jul 2023 |
| Details of encumbrances concerned to LegalFile: To Whomsover it may concern.pdf | 5 Jul 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: CC.pdf | 5 Jul 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf | 5 Jul 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 - engineer certificate.pdf | 5 Jul 2023 |
| CERSAI detailsFile: Undertakaking about Cersai Certificate.pdf | 5 Jul 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Diclosure of Interest in other Real estate Organization.pdf | 5 Jul 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Dicslosure of Interest in other Real Estate Origanizations.pdf | 5 Jul 2023 |
| Proforma of Allotment letterFile: Allotement letter.pdf | 5 Jul 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Format A-declaration about seprate bank accounts for real estate projects.pdf | 5 Jul 2023 |
| Deviation Report with respect to Allotment letterFile: No deviation from model allotment letter.pdf | 5 Jul 2023 |
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Builder: MARS LIFESPACES(YASH) PRIVATE LIMITED
MARS LIFESPACES(YASH) PRIVATE LIMITED has 1 registration on MahaRERA, including SILVER SAPPHIRE. 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 SILVER SAPPHIRE is delayed beyond 10 Jun 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 SILVER SAPPHIRE?
The registered promoter entity is MARS LIFESPACES(YASH) PRIVATE LIMITED, 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 SILVER 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 SILVER 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 SILVER SAPPHIRE?
The professionals named in the filing: Architect: SHILP ASSOCIATES; Engineer: UNISTEPS CONSULTING PRIVATE LIMITED; Chartered Accountant: TK GOPALAKRISHNAN & 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 SILVER 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; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.
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