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THE PANORAMA BY RUSTOMJEE
By KEYORBIT REALTORS PRIVATE LIMITED
RG-MH-17636 · RERA P51800054920 · Last updated on MahaRERA portal: 19 May 2026
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
- No encumbrance on the project land
- 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, and places this filing against every project registered within 2 km.
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THE PANORAMA BY RUSTOMJEE is a Residential / Group Housing project by KEYORBIT REALTORS PRIVATE LIMITED in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800054920 on 21 Feb 2024. Possession is promised by 30 Oct 2028. 11 of the 24 units on this registration are recorded sold or booked, and 5 of 11 construction stages are filed complete.
At a glance
Project
- NameTHE PANORAMA BY RUSTOMJEE
- TypeResidential / Group Housing
- Location
- Pali Hill Road
- Bandra West
- Bandra
- Andheri
- Mumbai Suburban
- 400050
- Pincode400050
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51800054920
- ReraGenie IDRG-MH-17636
Builder
- NameKEYORBIT REALTORS PRIVATE LIMITED
- Entity typeCompany
- DirectorParag Saraiya
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on21 Feb 2024
- Promised completion30 Oct 2028
- Revised completionNone
- Buildings1 building record
- Documents filed92 files
Current status
Figures as on 19 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| The Panorama By Rustomjee | NA | 19 | 19 | 24 | 0 | 24 |
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 19 May 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.
5 of 11 construction stages are filed complete. The stage furthest along is Staircases, at 38%.
The Panorama By Rustomjee: 50% 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 | 14% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 38% |
| 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 19 May 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 | Yes | 0% |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 0% |
| Solid Waste Management And Disposal | Yes | 0% |
| 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 | No | Not applicable |
Parking filed89
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 ownership2
MahaRERA does not publish landowner contact details. 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.
| Landowner | Village | District |
|---|---|---|
| Mr. Johann Cavas Majai | Bandra | Mumbai Suburban |
| Ms. Michelle Desai nee Michelle Cavas Majai | Bandra | 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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| The Panorama By Rustomjee | NA | Rs 107.04 cr | Rs 56.02 cr |
| - | NA | Rs 10.26 cr | - |
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 | MANISH SAVANT Savant |
| Engineer | NITIN BHASKAR Bhaskar |
| Chartered Accountant | V A SHIMPI & ASSOCIATES |
| Partner | Role in project |
|---|---|
| KEYORBIT REALTORS PRIVATE LIMITED | - |
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 2 Feb 2024 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 1 Feb 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 4 May 2025 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 3 Jul 2025Confirm 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 30 Oct 2028
Documents filed92
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 92 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: 9-RERA FORM-1 ARCHITECT CERTIFICATE Panorama.pdf | 19 May 2026 |
| Withdrawal Update Form 2File: Form 2.pdf | 19 May 2026 |
| Withdrawal Update Form 3File: Form 3 The Panorama.pdf | 19 May 2026 |
| Withdrawal Update Form 1File: Form 1.pdf | 27 Jan 2026 |
| Withdrawal Update Form 2File: Form 2.pdf | 27 Jan 2026 |
| Withdrawal Update Form 3File: Form 3 (2).pdf | 27 Jan 2026 |
| Withdrawal Update Form 1File: Form 1 - Panorama.pdf | 23 Jan 2026 |
| Withdrawal Update Form 2File: Engineeru0027s Certificate Panorama June-2024.pdf | 23 Jan 2026 |
| Withdrawal Update Form 3File: Form 3 - Panorama.pdf | 23 Jan 2026 |
| Form 5 (FY 2024-2025)File: Form 5 - Panorama.pdf | 30 Sep 2025 |
| Form 1File: Form 1 - Panorama.pdf | 11 Aug 2025 |
| Form 2File: Form 2 - Panorama.pdf | 11 Aug 2025 |
| Form 3File: Form 3 - Panorama.pdf | 11 Aug 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclsoure - March 2024.pdf | 11 Aug 2025 |
| Form 1File: Form 1 - Panorama.pdf | 11 Aug 2025 |
| Form 2File: Form 2 - Panorama.pdf | 11 Aug 2025 |
| Form 3File: Form 3 - Panorama.pdf | 11 Aug 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure - June 2024.pdf | 11 Aug 2025 |
| Form 1File: Form 1 - Panorama.pdf | 11 Aug 2025 |
| Form 2File: Form 2 - Panorama.pdf | 11 Aug 2025 |
| Form 3File: Form 3 - Panorama.pdf | 11 Aug 2025 |
| Disclosure of Sold and Booked InventoryFile: Dislclosure - September 2024.pdf | 11 Aug 2025 |
| Form 1File: Form 1 - Panorama.pdf | 11 Aug 2025 |
| Form 2File: Form 2 - Panorama.pdf | 11 Aug 2025 |
| Form 3File: Form 3 - Panorama.pdf | 11 Aug 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure - December 2024.pdf | 11 Aug 2025 |
| Form 1File: Form 1 - Panorama.pdf | 11 Aug 2025 |
| Form 2File: Form 2 - Panorama.pdf | 11 Aug 2025 |
| Form 3File: Form 3 - Panorama.pdf | 11 Aug 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure - March 2025.pdf | 11 Aug 2025 |
| Form 1File: Form 1 - Panorama.pdf | 11 Aug 2025 |
| Form 2File: Form 2 - Panorama.pdf | 11 Aug 2025 |
| Form 3File: Form 3 - Panorama.pdf | 11 Aug 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure - June 2025.pdf | 11 Aug 2025 |
| Commencement certificateFile: CC - Panorama.pdf | 3 Jul 2025 |
| Building plan approvalFile: Untitled_20240906_040507.pdf | 4 May 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Untitled_20240906_040507.pdf | 4 May 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 - Panorama.pdf | 23 Apr 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 - Panorama.pdf | 23 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 - Panorama.pdf | 23 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Panorama.pdf | 18 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Panorama.pdf | 25 Jan 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineers Certificate _ Panorama Sept 2024.pdf | 7 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate - Panorama.pdf | 31 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM-1 Panorama Sept 2024.pdf | 20 Oct 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: FORM 5 Signed Panorama Project.pdf | 19 Oct 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Panorama.pdf | 13 Aug 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer's Certificate Panorama June-2024.pdf | 13 Aug 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Panorama June 2024.pdf | 26 Jul 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: RERA FORM-1 Panorama June 2024.pdf | 21 Jul 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: Panorama Plinth CC.pdf | 11 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 Panorama March 2024.pdf | 11 May 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 2024 04 20 RG KORPL PANORAMA FORM 3 MAR 2024.pdf | 11 May 2024 |
| Proforma of Agreement for saleFile: 200224 - AFS - RERA - Panorama - Final Clean Copy upload .pdf | 20 Feb 2024 |
| Deviation Report with respect to model copy of AgreementFile: ilovepdf_merged_compressed-1-14.pdf | 20 Feb 2024 |
| Deviation Report with respect to model copy of AgreementFile: ilovepdf_merged_compressed-15-28.pdf | 20 Feb 2024 |
| Deviation Report with respect to model copy of AgreementFile: ilovepdf_merged_compressed-29-42.pdf | 20 Feb 2024 |
| Deviation Report with respect to model copy of AgreementFile: ilovepdf_merged_compressed-43-56.pdf | 20 Feb 2024 |
| CERSAI detailsFile: CERSAI Report - 15 feb 2024.pdf | 19 Feb 2024 |
| CERSAI detailsFile: Panorama - no cersai undertaking-1.pdf | 19 Feb 2024 |
| Declaration about Commencement CertificateFile: Declaration about CC 9 feb 2024.pdf | 12 Feb 2024 |
| Other - LegalFile: LOI - 23 nov 2023.pdf | 12 Feb 2024 |
| Other - LegalFile: IOA 4122023compressed.pdf | 12 Feb 2024 |
| Other - TechnicalFile: 1 Other - Legal.pdf | 12 Feb 2024 |
| Copy of the legal title reportFile: Legal Title Report - RERA- Panorama - 02-02-2024_11zon.pdf | 2 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf | 2 Feb 2024 |
| Layout approvalFile: IOA PLANS - Page 1 - highlighted.pdf | 1 Feb 2024 |
| Layout approvalFile: IOA PLANS - Page 1.pdf | 1 Feb 2024 |
| Layout approvalFile: IOA PLANS - Page 2.pdf | 1 Feb 2024 |
| Layout approvalFile: Pi7_IOA_PLANS_-_Page_3_compressed.pdf | 1 Feb 2024 |
| Layout approvalFile: IOA PLANS - Page 4.pdf | 1 Feb 2024 |
| Copy of Layout Approval (in case of layout)File: IOA PLANS - Page 1 - highlighted.pdf | 1 Feb 2024 |
| Copy of Layout Approval (in case of layout)File: IOA PLANS - Page 1.pdf | 1 Feb 2024 |
| Copy of Layout Approval (in case of layout)File: IOA PLANS - Page 2.pdf | 1 Feb 2024 |
| Copy of Layout Approval (in case of layout)File: Pi7_IOA_PLANS_-_Page_3_compressed.pdf | 1 Feb 2024 |
| Copy of Layout Approval (in case of layout)File: IOA PLANS - Page 4.pdf | 1 Feb 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: Panorama CC (Top of Basement).pdf | 1 Feb 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of interest - Dharmesh Shah.pdf | 1 Feb 2024 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Declaration about separate bank account.pdf | 1 Feb 2024 |
| Other - LegalFile: Annexure A - Declaration - Panorama Final upload.pdf | 1 Feb 2024 |
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Builder: KEYORBIT REALTORS PRIVATE LIMITED
KEYORBIT REALTORS PRIVATE LIMITED has 1 registration on MahaRERA, including THE PANORAMA BY RUSTOMJEE. 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 THE PANORAMA BY RUSTOMJEE is delayed beyond 30 Oct 2028?
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 PANORAMA BY RUSTOMJEE?
The registered promoter entity is KEYORBIT REALTORS 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 THE PANORAMA BY RUSTOMJEE?
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 THE PANORAMA BY RUSTOMJEE?
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 THE PANORAMA BY RUSTOMJEE?
The professionals named in the filing: Architect: MANISH SAVANT Savant; Engineer: NITIN BHASKAR Bhaskar; Chartered Accountant: V A SHIMPI & 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 THE PANORAMA BY RUSTOMJEE?
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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