Home / Browse projects / Thane, Maharashtra / Terraform Arcade
Terraform Arcade
RG-MH-10995 · RERA P51700002110 · Last updated on MahaRERA portal: 20 Nov 2023
Source: official MahaRERA filing
Red flags
- Litigation declared, 24 cases
Clear
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
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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Terraform Arcade is a Commercial project by Money Magnum Constructions in Thane, Maharashtra, registered with MahaRERA as P51700002110 on 31 Jul 2017. The registration is recorded completed; possession was promised by 31 Jul 2022.
At a glance
Project
- NameTerraform Arcade
- TypeCommercial
- Location
- KOLSHET ROAD
- DHOKALI NAKA
- Thane (M Corp.)
- Thane
- 400607
- Pincode400607
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700002110
- ReraGenie IDRG-MH-10995
Builder
- NameMoney Magnum Constructions
- Entity typePartnership
- PartnersTosha Meet Pvt Ltd NA NA, Terraform Manjil Pvt Ltd NA NA, Money Magnum Nest Pvt Ltd NA NA, Nainesh Shah, Vimal Shah, Kishor Shah, Nainesh Shah, Money Magnum Nest Pvt Ltd NA NA, Vimal Shah, Tosha Meet Pvt Ltd NA NA, Kishor Shah, Terraform Manjil Pvt Ltd NA NA
- Other registrations1 more →
- Completed1 of 2
- No longer live1 lapsed, de-registered or revoked
- Declared earlier projects4 →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on31 Jul 2017
- Promised completion31 Jul 2022
- Revised completionNone
- Buildings1 building record
- Documents filed36 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Terraform Arcade | NA | 1 | 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 20 Nov 2023, 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.
7 of 11 construction stages are filed complete. The stage furthest along is Podiums (if any), at 0%.
Terraform Arcade: 64% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 0% |
| 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 | 0% |
| 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. | 0% |
Progress on shared amenities16
As on 20 Nov 2023, 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 | 75% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Community Buildings | Yes | 90% |
| 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 | 100% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 75% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
| Club House shared with other Bldgs | Yes | 90% |
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.
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 | Saakar Architects |
| Architect | Venkatramanan Associates |
| Engineer | Sandeep Sonthalia |
| Chartered Accountant | Jayesh S. Vora |
| Chartered Accountant | J. D. Zatakia & Co. |
| Partner | Role in project |
|---|---|
| Money Magnum Constructions | - |
Litigation declared24
| Case | Court | Status |
|---|---|---|
| 346/2011 | High Court Bombay | For Pronouncement of Judgment |
| Special Civil Suit No 709/2013 | In the Court of Civil Judge Senior Division Thane | PENDING This case is not likely to affect this current project adversely |
| Special Civil Suit No 710/2013 | In the Court of Civil Judge Senior Division Thane | PENDING This case is not likely to affect this current project adversely |
| Special Civil Suit No 711/2013 | In the Court of Civil Judge Senior Division Thane | PENDING This case is not likely to affect this current project adversely |
| Consumer Complaint No 678/2014 | District Consumer Disputes Redressal Forum Thane | PENDING This case is not likely to affect this current project adversely |
| SLP No 32570/2014 | Supreme Court | PENDING This case is not likely to affect this current project adversely |
| Special Civil Suit No 435/2016 | In the Court of Civil Judge Senior Division Thane | PENDING This case is not likely to affect this current project adversely |
| Consumer Complaint No 989/2017 | State Consumer Disputes Redressal Commission Maharashtra | PENDING This case is not likely to affect this current project adversely |
| Consumer Complaint No 10/2018 | State Consumer Disputes Redressal Commission Maharashtra | PENDING This case is not likely to affect this current project adversely |
| FA/1246/2018/2018 | National Consumer Forum Delhi | PENDING This case is not likely to affect this current project adversely |
| FA/909/2018/2018 | National Consumer Forum Delhi | PENDING This case is not likely to affect this current project adversely |
| FA/910/2018/2018 | National Consumer Forum Delhi | PENDING This case is not likely to affect this current project adversely |
| Consumer Complaint No 578/2018 | State Consumer Disputes Redressal Commission Maharashtra | PENDING This case is not likely to affect this current project adversely |
| 5751/2018 | High Court Bombay | Disposed of |
| Execution on Application No 62/2018 in RBT/CC/17/1461/2018 | State Consumer Disputes Redressal Commission Maharashtra | PENDING This case is not likely to affect this current project adversely |
| Execution on Application No 63/2018 in RBT/CC/17/1462/2018 | State Consumer Disputes Redressal Commission Maharashtra | PENDING This case is not likely to affect this current project adversely |
| Consumer Complaint No 639/2019 | State Consumer Disputes Redressal Commission Maharashtra | PENDING This case is not likely to affect this current project adversely |
| 62/2020 | Additional District and Sessions Judge Thane | As per Order of Hon Bom HC all proceedings between the parties pending before any judicial or non ju |
| 367/2021 and IA No 3120/2021/2021 | High Court Bombay | As per Order of Hon Bom HC all proceedings between the parties pending before any judicial or non ju |
| 10350/2023 | High Court Bombay | PENDING This case is not likely to affect this current project adversely |
| St No 23035/2023 | High Court Bombay | PENDING This case is not likely to affect this current project adversely |
| 80/2024 | Deputy District Registrar Co op Societies Thane | Pending |
| 5751/2018 | High Court Bombay | Disposed of |
| 62/2020 | Additional District and Sessions Judge Thane | As per Order of Hon Bom HC all proceedings between the parties pending before any judicial or non ju |
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 19 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 21 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 21 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 5 Jan 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 20 Nov 2023
Documents filed36
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 |
|---|---|
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC Certificate RERA 2018.pdf | 20 Nov 2023 |
| Disclosure of sold/ booked inventoryFile: Terraform Arcade-Sold-Unsold.pdf | 14 Oct 2021 |
| Status of ConveyanceFile: Index-II conveyance deed.pdf | 14 Oct 2021 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Society-Regn.pdf | 15 Jan 2019 |
| Certificates of Architect (Form 4)File: Form no 4- Certificate of Completion with OC.pdf | 23 Oct 2018 |
| Certificates of Architect (Form 4)File: Form -4- Certifcate of Complition with OC.pdf | 23 Oct 2018 |
| OtherFile: OC - 12-10-2018 - Shop Block.pdf | 23 Oct 2018 |
| Certificates of CA (Form 5)File: Terraform Arcade- Annual Report Form 5-2018.pdf | 20 Sep 2018 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Name Approval letter- CHS.pdf | 30 Jul 2018 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Association-Rera-Arcade.pdf | 24 Apr 2018 |
| OtherFile: Money Magnum Constructions- Authority Letter.pdf | 16 Feb 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: Recd from Ashwin - EW - SHOP BLOCK - Plinth Certificate - 27-12-2017 - 04012018.pdf | 5 Jan 2018 |
| Proforma of Allotment letterFile: Recd from MG - 06102017 - AFS - TFR Arcade - FINAL - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - A - Layout - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - B - MOEF Approval - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - C - IOD-CC dated 21062017Compr - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - D - Name change - ROF extract - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - E -Title Report - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - F - 7-12 extract - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - G - RERA Certificate - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - J - Internal Amenities - 23102017.pdf | 26 Oct 2017 |
| Proforma of Allotment letterFile: Recd from MG - K - Proposed Layout - 23102017.pdf | 26 Oct 2017 |
| OtherFile: Letter on Proposed Plan Change - 27072017.pdf | 4 Sep 2017 |
| Declaration in FORM BFile: TFR Arcade - Decl in Form B - Signed by MG_SV - 26072017.pdf | 26 Jul 2017 |
| Certificates of CA (Form 3)File: Recd from Sanjay - CA Cert - Terraform Arcade - 25072017.pdf | 25 Jul 2017 |
| Details of encumbrancesFile: TFR Arcade - Decl For Encumb_Signed by MG_SV - 24072017.pdf | 24 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Recd from SS - Architect's Certificate - Terraform Arcade - 24072017.pdf | 24 Jul 2017 |
| Proforma of Allotment letterFile: TFR Arcade - Decl For AFS Uploading_Signed by MG_SV - 24072017.pdf | 24 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Recd from SPC - Engg Cert - TFR Arcade - 22072017.pdf | 22 Jul 2017 |
| Building plan approvalFile: Recd from Ashwin - IOD APPROVED PLAN -TERRAFORM ARCADE - 20072017.pdf | 21 Jul 2017 |
| Layout approvalFile: Recd from Ashwin - LAYOUT PLAN - TERRAFORM ARCADE - 20072017.pdf | 21 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Recd from Ashwin - LAYOUT PLAN - TERRAFORM ARCADE - 20072017.pdf | 21 Jul 2017 |
| Building Plan Approval (IOD)File: Recd from Ashwin - IOD APPROVED PLAN -TERRAFORM ARCADE - 20072017.pdf | 21 Jul 2017 |
| PAN CardFile: MoMC - PAN Card - 15072017.pdf | 19 Jul 2017 |
| Copy of the legal title reportFile: Recd from SS - Title Report - K Residences - 29062017.pdf | 19 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: K Residences - CC dt 21062017 - 18072017.pdf | 19 Jul 2017 |
Promoter's earlier projects3
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.
| Project | Location | Flats | Registered | Status | Promised | Delivered |
|---|---|---|---|---|---|---|
| Terraform K - ResidencesP51700002673 | DHOKALI, Thane | 69 | Aug 2017 | Ongoing | Mar 2025Registered original: Sep 2023 | Not delivered |
| Lavender | Everest World Opp Bayer India Ltd Kolshet Road Thane West Pin 400607 | 136 | - | Completed | Oct 2011 | Late, Mar 2015 |
| Aspen | Everest World Opp Bayer India Ltd Kolshet Road Thane West Pin 400607 | 80 | - | Completed | Apr 2011 | Late, May 2014 |
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How this compares with Thane
Computed across the 7,600+ Thane projects on ReraGenie, from their own filings.
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Buyer report
Useful on a completed registration when you are buying resale, or checking what was promised against what was delivered.
- 1 condition on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 1 other registration and every project registered within 2 km, which the RERA portal never shows together
- All 36 filed documents as one ZIP, foldered, with a manifest
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Builder: Money Magnum Constructions
Money Magnum Constructions has 2 registrations on MahaRERA, including Terraform K - Residences and Terraform Arcade. Its filings disclose 4 earlier MahaRERA projects: declares 1 of 3 past projects completed on time. Litigation is declared on 2 of its registrations. Read the full track record. See more projects on the Thane district page.
Frequently asked questions
What are my rights if Terraform Arcade is delayed beyond 31 Jul 2022?
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 Terraform Arcade?
The registered promoter entity is Money Magnum Constructions, 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 Terraform Arcade?
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 Terraform Arcade?
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 Terraform Arcade?
The professionals named in the filing: Architect: Saakar Architects; Architect: Venkatramanan Associates; Engineer: Sandeep Sonthalia; Chartered Accountant: Jayesh S. Vora; Chartered Accountant: J. D. Zatakia & 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 Terraform Arcade?
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.
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