Home / Browse projects / Thane, Maharashtra / Terraform K - Residences
Terraform K - Residences
RG-MH-10993 · RERA P51700002673 · Last updated on MahaRERA portal: 14 Aug 2026
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 5 months past the filed date
- Litigation declared, 24 cases
- Completion date moved by 32 months
- 4 extensions taken
Clear
- No complaints on record
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
5 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.
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.
Terraform K - Residences is a Commercial project by Money Magnum Constructions in Thane, Maharashtra, registered with MahaRERA as P51700002673 on 2 Aug 2017. Possession was promised by 5 May 2026 and is now 5 months past that date. The completion date has moved by 32 months from the original filing. 61 of the 69 units on this registration are recorded sold or booked, and 10 of 11 construction stages are filed complete.
At a glance
Project
- NameTerraform K - Residences
- TypeCommercial
- Location
- KOLSHET ROAD
- DHOKALI
- Thane (M Corp.)
- Thane
- 400607
- Pincode400607
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700002673
- ReraGenie IDRG-MH-10993
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
- StatusRegistration lapsed
- Registered on2 Aug 2017
- Promised completion5 May 2026
- Revised completionRevised to 5 May 2026 (originally 30 Sep 2023)
- Buildings1 building record
- Documents filed257 files
Current status
Figures as on 14 Aug 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Terraform K - Residences Project I | NA | 2 | 2 | 0 | 69 | 69 |
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 14 Aug 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.
10 of 11 construction stages are filed complete. The stage furthest along is Podiums (if any), at 0%.
Terraform K - Residences Project I: 91% 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 | 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 14 Aug 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 | 100% |
| 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 | 100% |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 100% |
| Solid Waste Management And Disposal | Yes | 100% |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | Yes | 100% |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed153
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 ownership
Declared none is the promoter's own declaration to the regulator, not a title search. A search at the sub-registrar is what confirms it.
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 |
|---|---|---|---|
| Terraform K - Residences Project I | NA | Rs 24.69 cr | Rs 17.54 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 | Saakaar Architects |
| Engineer | Omkar Hande |
| Chartered Accountant | J. D. Zatakia & Co. |
| Chartered Accountant | Jayesh S Vora |
| Chartered Accountant | Ankit Goyanka & Associates |
| Partner | Role in project |
|---|---|
| Money Magnum Constructions | - |
Extensions applied for4
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterTHE PROMOTERS OF THE COMPANY ARE SEEKING EXTENSION OF THE PROJECT DUE TO FOLLOWING REASONS:- 1. There was stay order by Court of Civil Judge, Thane in Regular Civil Suit case No. 251 of 2019 of Thane, on 25th day of June, 2019 due to which we were restrained from obtaining any permission for any further construction of the said Project or remaining part thereof till 01st day of July, 2020. 2. Due to sudden outbreak of the COVID - 19 pandemic by the order of Government of India only "Essential services" units were opened. Due to which our construction work got restricted and our project got del
Reason as filed by the promoterWe hereby apply for an Extension of the project completion timeline for the Real Estate Project “Terraform K - Residences” having project Registration No. P51700002673 for 6 (Six) Months, revising the project completion date from 30th March 2025 to 30th September 2025. The delay has occurred due to changes in planning following the introduction of the Unified Development Control and Promotion Regulations (UDCPR) and we have obtained revised Development Permission issued by the TMC on 08/04/2024. As we have achieved the @83% of the RCC construction of the project as completed Milestone of the P
Reason as filed by the promoterExplanation on Part Occupation Certificate issued by Thane Municipal Corporation: The Build No. 21 is comprises of Ground & First Floor as Commercial, 2nd Floor as Service Slab and from 3rd to 23rd Floors as Residential Floors. As we had split the Building in Commercial and Residential separately and registered two different Real Estate Project in MahaRERA with two different completion date. The RERA Registration Number of Commercial portion (Ground and First floor) is P51700002673 and had 30/09/2025 as completion date and the RERA Registration Number of Residential portion (2nd to 23rd floor)
Reason as filed by the promoterReason for Extension Application: To change the status of Project from “Laps” to “Active”, we are applying for Extension of Project. We hereby apply for an Extension of the Real Estate Project “Terraform K - Residences” having project Registration No. P51700002673 for 180 (One Hundred Eighty) Days (starting from 06/11/2025 till 05/05/2026). As we have obtained Occupation Certificate dated 06/11/2025, the Authority had granted the extension till 06/11/2025. Since the Occupation Certificate has been obtained and the extension application has been applied to regularize the Real Estate Project, we
Litigation declared24
| Case | Court | Status |
|---|---|---|
| 346/2011 | High Court Bombay | For Procurement of Judgment |
| Special Civil Suit No 709/2013 | In the Court of Civil Judge Senior Division Thane | Closed |
| Special Civil Suit No 710/2013 | In the Court of Civil Judge Senior Division Thane | Closed |
| Special Civil Suit No 711/2013 | In the Court of Civil Judge Senior Division Thane | Closed |
| Consumer Complaint No 678/2014 | District Consumer Disputes Redressal Forum Thane | Closed |
| 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 | Closed |
| Consumer Complaint No 989/2017 | State Consumer Disputes Redressal Commission Maharashtra | Closed |
| Consumer Complaint No 10/2018 | State Consumer Disputes Redressal Commission Maharashtra | Closed |
| 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 | Closed |
| 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 |
| 576/2022 | Dy District Registrar Co op Societies | Disposed of |
| St No 23035/2023 | High Court Bombay | Ongoing |
| 10350/2023 | 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 |
| 346/2011 | High Court Bombay | Ongoing |
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 27 Apr 2021 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 8 May 2026 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 4 Jun 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 4 Jun 2024Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on 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.
Documents filed257
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 257 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.
| Document | Uploaded |
|---|---|
| Withdrawal Update Form 1File: 02_Withdrawal Application Form1_Signed.pdf | 14 Aug 2026 |
| Withdrawal Update Form 2File: 03_Withdrawal Application Form2_Signed.pdf | 14 Aug 2026 |
| Withdrawal Update Form 3File: 02_Withdrawal Application Form3 - Singed_CA_UKM.pdf | 14 Aug 2026 |
| Form 5 (FY 2025-2026)File: 20260331-Form-5-K-Resi_10082026_CA_UM_Signed.pdf | 10 Aug 2026 |
| Form 2A (FY 2025-2026)File: Form-2A_K-Resi_FY_2025-26_31072026.pdf | 1 Aug 2026 |
| Withdrawal Update Form 1File: 02_Withdrawal Application Form1_Signed.pdf | 10 Jul 2026 |
| Withdrawal Update Form 2File: 03_Withdrawal Application Form2_Signed.pdf | 10 Jul 2026 |
| Withdrawal Update Form 3File: 02_Withdrawal Application Form3 - Singed_CA_UKM.pdf | 10 Jul 2026 |
| Layout approvalFile: OC_K Residence_Plans_06112025.pdf | 8 May 2026 |
| Withdrawal Update Form 1File: 02_Withdrawal Application Form1_Signed.pdf | 20 Apr 2026 |
| Withdrawal Update Form 2File: 04_Withdrawal Application Form2_Signed.pdf | 20 Apr 2026 |
| Withdrawal Update Form 3File: 04_Withdrawal Application Form3_Signed_CA_MMCs_BnW_15042026.pdf | 20 Apr 2026 |
| Withdrawal Update Form 1File: 03_Form 1_K Residenses_20012026.pdf | 20 Jan 2026 |
| Withdrawal Update Form 2File: 04_Form 2_K Residency_20012026.pdf | 20 Jan 2026 |
| Withdrawal Update Form 3File: 04_Form 3_K Residences_20012026_Col.pdf | 20 Jan 2026 |
| Withdrawal Update Form 1File: 07_Withdrawal Application Form1_from RERA Portal_03102025_Duly signed.pdf | 18 Oct 2025 |
| Withdrawal Update Form 2File: 05_Withdrawal Application Form2_as on 300925_Signed by Engineer_By Promoter.pdf | 18 Oct 2025 |
| Withdrawal Update Form 3File: 03_Withdrawal Application Form3_KR_Sign by CA__Promoter_Col_181025.pdf | 18 Oct 2025 |
| Form 5 (FY 2024-2025)File: RERA Form - 5 - K Residence Retail- 31 03 2025.pdf | 1 Oct 2025 |
| Form 2A (FY 2024-2025)File: Form 2A_Omkar Hande_FY2024-25_29092024_Signed.pdf | 29 Sep 2025 |
| Form 2A (FY 2023-2024)File: Form 2A for FY 2023-24_K Residences.pdf | 29 Sep 2025 |
| Form 5 (FY 2018-2019)File: 2019 09 17-Form-5-K-Resi.pdf | 28 Jul 2025 |
| Form 5 (FY 2019-2020)File: 2020 09 29-Form-5-K-Resi.pdf | 28 Jul 2025 |
| Form 5 (FY 2021-2022)File: 2022 09 27-Form-5-K-Resi.pdf | 28 Jul 2025 |
| Form 5 (FY 2022-2023)File: 2023 09 25-Form-5-K-Resi.pdf | 28 Jul 2025 |
| Form 5 (FY 2023-2024)File: 2024 09 30-Form-5-K-Resi.pdf | 28 Jul 2025 |
| Form 1File: 2023 09 30-Form-1-K-Resi.pdf | 25 Jul 2025 |
| Form 2File: 2023 09 30-Form-2-K-Resi.pdf | 25 Jul 2025 |
| Form 3File: 2023 09 30-Form-3-K-Resi.pdf | 25 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: 2023 09 30 - Sold-Unsold K-Resi.pdf | 25 Jul 2025 |
| Form 1File: 2023-03-31 Form 1 Terraform K Residences.pdf | 25 Jul 2025 |
| Form 2File: 2023 03 31-Form-2-K-Resi.pdf | 25 Jul 2025 |
| Form 3File: 2023 03 31-Form-3-K-Resi.pdf | 25 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: 2023 03 31 - Sold-Unsold-K-Resi.pdf | 25 Jul 2025 |
| Form 5 (FY 2017-2018)File: 2018 09 12-Form-5-K-Resi.pdf | 25 Jul 2025 |
| Form 1File: 20250331_Form 1_Saakar Architect_07042025.pdf | 23 Jul 2025 |
| Form 2File: Form 2 - K Residence Ph-I Quarter January to March 2025.pdf | 23 Jul 2025 |
| Form 3File: Form 3 - K-Residence - March'25 - Singed Copy.pdf | 23 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold Unsold data of Terraform K Residences 31032025.pdf | 23 Jul 2025 |
| Form 1File: 2024-12-31 Form 1 Terraform K Residences.pdf | 23 Jul 2025 |
| Form 2File: 2024 12 31 - Form-2-K-Residences.pdf | 23 Jul 2025 |
| Form 3File: Form 3 - K Residence - Dec'24 - Singed Copy.pdf | 23 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: 2025 01 04 - Sold-Unsold-K-Residences.pdf | 23 Jul 2025 |
| Form 1File: 2024 10 01 - Form-1-K-Residences.pdf | 23 Jul 2025 |
| Form 2File: Form 2 - K Residence Ph-I Quarter July to September 2024.pdf | 23 Jul 2025 |
| Form 3File: Form 3 - K Residence Retail - Sep'24 - Signed Copy.pdf | 23 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: 2024 10 05 - Sold-Unsold-K-Residences.pdf | 23 Jul 2025 |
| Form 1File: 30-06-2024 Form 1 Terraform K Residences.pdf | 23 Jul 2025 |
| Form 2File: Form 2 - K Residence Ph-I Quarter April to June 2024 (2).pdf | 23 Jul 2025 |
| Form 3File: RERA Form 3 - K Residence Retail - Jun'24 - Signed Copy.pdf | 23 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: 2024 07 03 - Sold-Unsold-K-Residences.pdf | 23 Jul 2025 |
| Form 1File: 2024-03-31 Form 1 K Terraform K Residences.pdf | 23 Jul 2025 |
| Form 2File: Form 2 - K Residence Ph-I Quarter January to March 2024.pdf | 23 Jul 2025 |
| Form 3File: RERA Form 3 - K Recidences Retail - Mar'24 - Singed Copy.pdf | 23 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: 2024 03 31 -Sold-Unsold- K-Residences.pdf | 23 Jul 2025 |
| Form 1File: 2023-12-31 Form 1 Terraform K Residences.pdf | 23 Jul 2025 |
| Form 3File: Form 3 - K Residency Retail - Dec23.pdf | 23 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: Terraform K Residence Details of Sold and Unsold Dec 23.pdf | 23 Jul 2025 |
| Form 2File: Form 2 - K Residence Ph-I Quarter October to December 2023.pdf | 23 Jul 2025 |
| Form 1File: 2023-06-30 Form 1 K Residences.pdf | 23 Jul 2025 |
| Form 2File: Form 2 - K Residence Wing A Quarter April to June 2023.pdf | 23 Jul 2025 |
| Form 3File: 2023 06 30 CA form 3 K Residences.pdf | 23 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: Details of Sold and Unsold Terraform K Residences.pdf | 23 Jul 2025 |
| Form 1File: 20250331_Form 1_Saakar Architect_07042025.pdf | 19 Jul 2025 |
| Form 2File: 2025 06 30-Form 2-K-Residence.pdf | 19 Jul 2025 |
| Form 3File: 2025 07 18-Form-3-K-Residence.pdf | 19 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: 2025 06 30-Sold and Unsold-K-Residences.pdf | 19 Jul 2025 |
| Certificates of CA (Form 3)File: 2025 04 30 - Form-3-K-Residences.pdf | 30 Apr 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: 20250331_Form 1_Saakar Architect_07042025.pdf | 21 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2 Terraform K Residences 02042025.pdf | 15 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold data of Terraform K Residences 31032025.pdf | 15 Apr 2025 |
| Declaration in FORM BFile: 09_Form B_Notarised_10022025_Notarised_LR.pdf | 25 Mar 2025 |
| CERSAI detailsFile: CERSAI_Search_Report_200345976124_For_Debtor_Based_Search_20_03_2025_16_23_57_010.pdf | 24 Mar 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A_FY 2023-24.pdf | 24 Mar 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: 2025 01 27 - Form-1-K-Residences.pdf | 28 Jan 2025 |
| Certificates of CA (Form 3)File: 2025 01 08 - Form-3 - K-Residence.pdf | 9 Jan 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: 2024 12 31 - Form-2-K-Residences.pdf | 9 Jan 2025 |
| Disclosure of sold/ booked inventoryFile: 2025 01 04 - Sold-Unsold-K-Residences.pdf | 9 Jan 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: 2024 10 01 - Form-1-K-Residences.pdf | 25 Oct 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5 - K Residence - March 24.pdf | 10 Oct 2024 |
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 ArcadeP51700002110 | DHOKALI NAKA, Thane | - | Jul 2017 | Completed | Jul 2022 | Dec 2018 |
| 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
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 5 conditions 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 257 filed documents as one ZIP, foldered, with a manifest
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Project watch
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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 does it mean that Terraform K - Residences 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 Terraform K - Residences is delayed beyond 5 May 2026?
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 K - Residences?
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 K - Residences?
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 K - Residences?
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 K - Residences?
The professionals named in the filing: Architect: Saakaar Architects; Engineer: Omkar Hande; Chartered Accountant: J. D. Zatakia & Co.; Chartered Accountant: Jayesh S Vora; Chartered Accountant: Ankit Goyanka & 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 Terraform K - Residences?
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; 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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