Home / Browse projects / Thane, Maharashtra / SPM Dream City Phase 2
SPM Dream City Phase 2
RG-MH-19394 · RERA P51700077651 · Last updated on MahaRERA portal: 16 Jun 2026
Source: official MahaRERA filing
Or get an email each time it changes, with the project watch
Red flags
- Litigation declared, 1 case
Clear
- 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.
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.
SPM Dream City Phase 2 is a Residential / Group Housing project by Swastik Lifespace in Thane, Maharashtra, registered with MahaRERA as P51700077651 on 17 Oct 2024. Possession is promised by 31 Dec 2030. 24 of the 173 units on this registration are recorded sold or booked, and 3 of 22 construction stages are filed complete.
At a glance
Project
- NameSPM Dream City Phase 2
- TypeResidential / Group Housing
- Location
- Pipeline Road
- Pale Gaon
- Ambarnath (R)
- Ambarnath
- Thane
- 421506
- Pincode421506
- RERA no.P51700077651
- ReraGenie IDRG-MH-19394
Builder
- NameSwastik Lifespace
- Entity typePartnership
- PartnerMahesh Vinaychand Kothari
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on17 Oct 2024
- Promised completion31 Dec 2030
- Revised completionNone
- Buildings2 building records
- Documents filed65 files
Current status
Figures as on 16 Jun 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Wing E | NA | 17 | 16 | 126 | 0 | 126 |
| Wing C | NA | 6 | 6 | 40 | 7 | 47 |
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 16 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.
3 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Slabs of Super Structure, at 59%.
Wing E33%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 59% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 4% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| 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 C0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| 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 16 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 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 | No | Not applicable |
| Street Lighting | Yes | 0% |
| 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 | Yes | 0% |
| Open Parking | Yes | 0% |
Parking filed284
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 | Closed/Covered | Open Space | Total |
|---|---|---|---|
| Wing E | 56 | 47 | 103 |
| Wing C | 100 | 81 | 181 |
Land and ownership
MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
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 C | NA | Rs 18.13 cr | - |
| Wing E | NA | Rs 17.98 cr | Rs 8.01 cr |
| - | NA | Rs 5.62 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 | Vishal Dalal |
| Engineer | Designage Consulting Structural Engineers |
| Chartered Accountant | Monisha Milind Kuperkar |
| Chartered Accountant | Mangesh Avinash Ghanekar |
| Chartered Accountant | Joshi Kale & Associates |
| Partner | Role in project |
|---|---|
| Swastik Lifespace | - |
Litigation declared1
| Case | Court | Status |
|---|---|---|
| 356/2022/2022 | Civil Judge Senior Division Kalyan | The matter is for evidence of plaintiff |
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 9 Oct 2024 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 9 Oct 2024 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 9 Oct 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 9 Oct 2024Confirm 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 Dec 2030
Documents filed65
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 |
|---|---|
| Withdrawal Update Form 1File: Signed Form 1 March 26_Swastik Lifespace.pdf | 16 Jun 2026 |
| Withdrawal Update Form 2File: Signed Form 2 March 26_Swastik Lifespce.pdf | 16 Jun 2026 |
| Withdrawal Update Form 3File: Signed Form 3 March 26_Swastik Lifespace.pdf | 16 Jun 2026 |
| Withdrawal Update Form 1File: Signed Form 1.pdf | 11 Mar 2026 |
| Withdrawal Update Form 1File: Signed Form 1.pdf | 11 Mar 2026 |
| Withdrawal Update Form 1File: Signed Form 1_Dec 2025.pdf | 11 Mar 2026 |
| Withdrawal Update Form 2File: Signed Form 2.pdf | 11 Mar 2026 |
| Withdrawal Update Form 2File: Signed Form 2-Sept 25.pdf | 11 Mar 2026 |
| Withdrawal Update Form 2File: Signed Form 2_Dec 2025.pdf | 11 Mar 2026 |
| Withdrawal Update Form 3File: Signed Form 3.pdf | 11 Mar 2026 |
| Withdrawal Update Form 3File: Signed Form 3.pdf | 11 Mar 2026 |
| Withdrawal Update Form 3File: Signed Form 3_Dec 2025.pdf | 11 Mar 2026 |
| Form 5 (FY 2024-2025)File: Form 5 FY 24-25 Swastik Lifespace_signed.pdf | 23 Jan 2026 |
| Form 2File: Signed form 2.pdf | 11 Jun 2025 |
| Form 3File: Signed form 3.pdf | 11 Jun 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of Sold or Unsold Inventory Swastik Lifespace.pdf | 11 Jun 2025 |
| Self-declaration of Quarterly ProgressFile: Self Declaration on QPR.pdf | 11 Jun 2025 |
| Form 1File: Form 1.pdf | 11 Jun 2025 |
| Form 1File: Signed Form 1 _March 2025.pdf | 11 Jun 2025 |
| Form 2File: Signed Form 2_ March 2025.pdf | 11 Jun 2025 |
| Form 3File: Signed Form 3_ Swastik Lifespace March 2025.pdf | 11 Jun 2025 |
| Disclosure of Sold and Booked InventoryFile: Signed Disclosure of secured & unsecured.pdf | 11 Jun 2025 |
| Self-declaration of Quarterly ProgressFile: Signed Self Declaration.pdf | 11 Jun 2025 |
| Withdrawal Update Form 1File: Signed Form 1 _March 2025.pdf | 11 Jun 2025 |
| Withdrawal Update Form 2File: Signed Form 2_ March 2025.pdf | 11 Jun 2025 |
| Withdrawal Update Form 3File: Signed Form 3_ Swastik Lifespace March 2025.pdf | 11 Jun 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Swastik Lifesapce Form 1 Dec 2024.pdf | 28 Apr 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Swastik Lifesapce Form 3 Dec 2024.pdf | 28 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Swastik Lifespace Form 2 Dec 2024.pdf | 28 Apr 2025 |
| Declaration about all RERA Designated Bank Accounts (Format A)File: Swastik Lifesapce - RERA - Format A.pdf | 28 Apr 2025 |
| Other - TechnicalFile: Swastik Lifespace - RERA - Annexure A - Notary.pdf | 28 Apr 2025 |
| Letter from the bank regarding the opening of RERA Designated Bank Accounts (Format B)File: Swastik Lifesapce - RERA - Format B - HDFC Bank.pdf | 28 Apr 2025 |
| Disclosure for secured/unsecured finance availed for the projectFile: SL_Secured_Unsecured_Finance.pdf | 14 Feb 2025 |
| Details of encumbrances concerned to FinanceFile: Swastik Lifespace - Encumbrances Certificate.pdf | 13 Jan 2025 |
| Declaration about all RERA Designated Bank Accounts (Format A)File: Swastik - Declaration about Separate Bank Ac.pdf | 13 Jan 2025 |
| Details of encumbrances concerned to LegalFile: Swastik Lifespace - Encumbrances Certificate.pdf | 13 Jan 2025 |
| Proforma of Agreement for saleFile: Swastik Lifesapce _ 1Rera_Draft_-__Swastik_Lifespace__2024.pdf | 13 Jan 2025 |
| Details of encumbrances concerned to FinanceFile: Non encumbrance - legal.pdf | 15 Oct 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3.pdf | 15 Oct 2024 |
| Other - LegalFile: 04 Purchase Agreement_compressed.pdf | 15 Oct 2024 |
| Details of encumbrances concerned to LegalFile: Non encumbrance - legal.pdf | 15 Oct 2024 |
| Other - TechnicalFile: Declaration Cum Undertaking.pdf | 15 Oct 2024 |
| Letter from the bank regarding the opening of RERA Designated Bank Accounts (Format B)File: Format B.pdf | 15 Oct 2024 |
| Disclosure for secured/unsecured finance availed for the projectFile: Disclosure for secured unsecured Finance availed for project.pdf | 15 Oct 2024 |
| Building plan approvalFile: 07 Layout and Building Plan Approved E and C Wing.pdf | 9 Oct 2024 |
| Layout approvalFile: 07 Layout and Building Plan Approved E and C Wing.pdf | 9 Oct 2024 |
| PAN CardFile: Pan Card.pdf | 9 Oct 2024 |
| Copy of the legal title reportFile: Legal Title Report.pdf | 9 Oct 2024 |
| Details of encumbrances concerned to FinanceFile: Final Financial Encumbrance Certificate.pdf | 9 Oct 2024 |
| Copy of Layout Approval (in case of layout)File: 07 Layout and Building Plan Approved E and C Wing.pdf | 9 Oct 2024 |
| Proforma of Allotment letterFile: Draft Allotment Letter.pdf | 9 Oct 2024 |
| Declaration in FORM BFile: Form B Land Owner.pdf | 9 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1.pdf | 9 Oct 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2.pdf | 9 Oct 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: 08 Commencement Certificate CC E Wing and C Wing.pdf | 9 Oct 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 07 Layout and Building Plan Approved E and C Wing.pdf | 9 Oct 2024 |
| Declaration about Commencement CertificateFile: Declaration About Commencement Certificate.pdf | 9 Oct 2024 |
| CERSAI detailsFile: CERSAI Declaration.pdf | 9 Oct 2024 |
| Declaration about all RERA Designated Bank Accounts (Format A)File: Format-A.pdf | 9 Oct 2024 |
| Deviation Report with respect to Allotment letterFile: Declaration about Deviation in allotment letter.pdf | 9 Oct 2024 |
| Details of encumbrances concerned to LegalFile: Final Financial Encumbrance Certificate.pdf | 9 Oct 2024 |
| Deviation Report with respect to model copy of AgreementFile: Declaration about Deviation in Agreement.pdf | 9 Oct 2024 |
| Proforma of Agreement for saleFile: Draft AFS.pdf | 9 Oct 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest Mahesh Kothari.pdf | 9 Oct 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest Gulab Singh.pdf | 9 Oct 2024 |
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.
- 1 condition on this project's record read and explained, with the clear checks alongside
- All 65 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 SPM Dream City Phase 2 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 Pale Gaon7,600+ in Thane
Precious Infinity
RKR Construction
Empire Industrial Centrum Phase 5
EMPIRE INDUSTRIES LTD
MID-TOWN
SIDDHIVINAYAK GROUP NX
Sai Prasad Apartment
Shobha Dhanaji Nalawade
Empire Industrial Centrum Phase 6
EMPIRE INDUSTRIES LTD
Moosa Residency
M S Developers
See every Thane project, with the district possession charts
Builder: Swastik Lifespace
Swastik Lifespace has 1 registration on MahaRERA, including SPM Dream City Phase 2. Its filings disclose no earlier MahaRERA projects. Litigation is declared on 1 of its registrations. Read the full track record. See more projects on the Thane district page.
Frequently asked questions
What are my rights if SPM Dream City Phase 2 is delayed beyond 31 Dec 2030?
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 SPM Dream City Phase 2?
The registered promoter entity is Swastik Lifespace, 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 SPM Dream City 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 SPM Dream City 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 SPM Dream City Phase 2?
The professionals named in the filing: Architect: Vishal Dalal; Engineer: Designage Consulting Structural Engineers; Chartered Accountant: Monisha Milind Kuperkar; Chartered Accountant: Mangesh Avinash Ghanekar; Chartered Accountant: Joshi Kale & 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 SPM Dream City 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; how the declared litigation on this registration affects your risk; whether construction progress keeps pace with sales in the coming quarters. 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