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The Icon Phase 2
RG-MH-29597 · RERA P51700028535 · Last updated on MahaRERA portal: 6 May 2025
Source: official MahaRERA filing
Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
At a glance
Project
- NameThe Icon Phase 2
- TypeResidential / Group Housing
- Location
- Highlands Garden Road
- Dhokali
- Thane (M Corp.)
- Thane
- 400607
- Pincode400607
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51700028535
- ReraGenie IDRG-MH-29597
Builder
- NameLeading Frontier Private Limited
- Entity typeCompany
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on10 Mar 2021
- Promised completion30 Jun 2026
- Revised completionNone
- Buildings1 building record
- Documents filed109 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Medison 3 | NA | 34 | 31 | 0 | 0 | 0 |
These details are filed with MahaRERA and packaged in the Rs 499 buyer report. Create a free account to preview, or read the full report for the verdict.
Builder: Leading Frontier Private Limited
Leading Frontier Private Limited has 5 registrations in this build, including The Icon Phase 1 and The Icon Phase 2. Its filings disclose no earlier MahaRERA projects. 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 The Icon 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 The Icon Phase 2 is delayed beyond 30 Jun 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 The Icon Phase 2?
The registered promoter entity is Leading Frontier Private Limited, a company as per the filing. The filing discloses no 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, all downloadable free from this page with a login.
Is my payment protected in The Icon 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.
Who certifies construction progress at The Icon Phase 2?
The professionals named in the filing: Architect: Design Consortium; Engineer: Mahimtura Consutants Private Limted; Chartered Accountant: Ashwin B. Shah & CO; Chartered Accountant: Komal K Patel; Chartered Accountant: Komal K Patel and Associates; Other: Architect Hafeez Contractor. 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 The Icon 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.
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