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VaibhavLaxmi Corporate Park
By V Laxmi Prime Developers LLP
RG-MH-55701 · RERA PM1180002502690 · Last updated on MahaRERA portal: 10 Aug 2026
Source: official MahaRERA filing
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Red flags
- Rs 125.00 crore secured on the land, in favour of ICICI HOME FINANCE COMPANY LIMITED
- Allotment letter deviates from the model form
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- All 10 completed earlier projects delivered on promise
2 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.
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VaibhavLaxmi Corporate Park is a Mixed project by V Laxmi Prime Developers LLP in Mumbai Suburban, Maharashtra, registered with MahaRERA as PM1180002502690 on 10 Mar 2026. Possession is promised by 31 Aug 2030.
At a glance
Project
- NameVaibhavLaxmi Corporate Park
- TypeMixed
- Location
- N G ACHARYA MARG
- SUBHASH NAGAR
- Chembur
- Kurla
- Mumbai Suburban
- 400071
- Pincode400071
- MapView location on Google Maps (as filed on RERA)
- RERA no.PM1180002502690
- ReraGenie IDRG-MH-55701
Builder
- NameV Laxmi Prime Developers LLP
- Entity typeLimited Liability Partnership
- LLPINACD-1406
- GSTIN27AAXFV4859M1ZW
- PartnersAMIT AJIT PANGAM, RAMDAS MARUTI SANGLE, ANITA RAMDAS SANGLE, ADITYA RAMDAS SANGLE
- Declared earlier projects11 →
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on10 Mar 2026
- Promised completion31 Aug 2030
- Revised completionNone
- Buildings4 building records
- Documents filed11 files
Current status
Figures as on 10 Aug 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Building No 1 | Wing A | 0 | 0 | 0 | 0 | 0 |
| Building No 1 | Wing B | 0 | 0 | 0 | 0 | 0 |
| Building No 2 | Wing A | 0 | 0 | 0 | 0 | 0 |
| Building No 2 | Wing B | 0 | 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 building4
As on 10 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.
0 of 4 construction stages are filed complete across 4 buildings. The stage furthest along is Excavation, at 10%.
Building No 1 · wing Wing A2%
| Activity | Progress |
|---|---|
| Excavation | 2% |
| Basement (if any) | Not applicable |
| Podiums (if any) | Not applicable |
| Plinth | Not applicable |
| Stilt Floor | Not applicable |
| Slabs of Super Structure | Not applicable |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | Not applicable |
| Sanitary Fittings within the flats / premises | Not applicable |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | Not applicable |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | Not applicable |
| 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. | Not applicable |
Building No 1 · wing Wing B2%
| Activity | Progress |
|---|---|
| Excavation | 2% |
| Basement (if any) | Not applicable |
| Podiums (if any) | Not applicable |
| Plinth | Not applicable |
| Stilt Floor | Not applicable |
| Slabs of Super Structure | Not applicable |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | Not applicable |
| Sanitary Fittings within the flats / premises | Not applicable |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | Not applicable |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | Not applicable |
| 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. | Not applicable |
Building No 2 · wing Wing A10%
| Activity | Progress |
|---|---|
| Excavation | 10% |
| Basement (if any) | Not applicable |
| Podiums (if any) | Not applicable |
| Plinth | Not applicable |
| Stilt Floor | Not applicable |
| Slabs of Super Structure | Not applicable |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | Not applicable |
| Sanitary Fittings within the flats / premises | Not applicable |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | Not applicable |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | Not applicable |
| 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. | Not applicable |
Building No 2 · wing Wing B10%
| Activity | Progress |
|---|---|
| Excavation | 10% |
| Basement (if any) | Not applicable |
| Podiums (if any) | Not applicable |
| Plinth | Not applicable |
| Stilt Floor | Not applicable |
| Slabs of Super Structure | Not applicable |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | Not applicable |
| Sanitary Fittings within the flats / premises | Not applicable |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | Not applicable |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | Not applicable |
| 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. | Not applicable |
Progress on shared amenities15
As on 10 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 | No | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | 0% |
| Storm Water Drains | No | 0% |
| Landscaping & Tree Planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | 0% |
| Solid Waste Management And Disposal | No | 0% |
| Water conservation /Rain water harvesting | No | 0% |
| Energy managemcnt | No | 0% |
| Fire protection and fire safety requirements | No | 0% |
| Electrical meter room, sub-station, receiving station | No | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Land and ownership1
MahaRERA does not publish landowner contact details. A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.
| Landowner | Village | District |
|---|---|---|
| VIJAYA PANCHSHEEL Cooperative Housing Society Limited. | Chembur | 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 |
|---|---|---|---|
| Building No 1 | Wing A | Rs 43.75 cr | Rs 5.57 cr |
| Building No 1 | Wing B | Rs 43.75 cr | Rs 5.57 cr |
| Building No 2 | Wing A | Rs 43.75 cr | Rs 5.57 cr |
| Building No 2 | Wing B | Rs 43.75 cr | Rs 5.57 cr |
Certifying professionals and partners4
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Sachin Anil Raje |
| Engineer | Ajay Mahale & Associates |
| Chartered Accountant | NARENDRA KADAV |
| Chartered Accountant | Kapure & Kapure Chartered Accountants |
| Partner | Role in project |
|---|---|
| V Laxmi Prime Developers LLP | - |
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 reportNot on the file
A lawyer's report on who owns the land and what is registered against it.
- Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 2 Feb 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 2 Feb 2026 - Commencement CertificateNot on the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
- 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 Aug 2030
Documents filed11
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 |
|---|---|
| Form 2A (FY 2025-2026)File: FORM 2 FOR PRIME DEVLEOPERS 30-06-2026.pdf | 10 Aug 2026 |
| Form 5 (FY 2025-2026)File: Form 5 FY 25-26-signed-1 (1).pdf | 10 Aug 2026 |
| Withdrawal Update Form 1File: Form 1 30-06-2026 4 5 signed.pdf | 6 Aug 2026 |
| Withdrawal Update Form 2File: FORM 2 FOR PRIME DEVLEOPERS 30-06-2026.pdf | 6 Aug 2026 |
| Withdrawal Update Form 3File: Form 3 - CA certificate - June 2026 final.pdf | 6 Aug 2026 |
| Withdrawal Update Form 1File: Form 1 March 26.pdf | 15 May 2026 |
| Withdrawal Update Form 2File: FORM 2 FOR PRIME DEVLEOPERS 31-03-2026.pdf | 15 May 2026 |
| Withdrawal Update Form 3File: Form 3 - CA certificate - March 2026.pdf | 15 May 2026 |
| Declaration and undertaking (Annexure A)File: Declaration cum undertaking.pdf | 26 Feb 2026 |
| Layout approvalFile: IOA Plan.pdf | 2 Feb 2026 |
| Building plan approvalFile: IOA Plan.pdf | 2 Feb 2026 |
Promoter's earlier projects11
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 |
|---|---|---|---|---|---|---|
| Queens GloryP51800076971 | Chembur, Mumbai Suburban | 215 | Jul 2024 | Ongoing | Dec 2027 | Not due yet |
| Eastern Groves Phase 1AP51800028005 | Vikhroli East, Mumbai Suburban | 189 | Jan 2021 | Completed | Jun 2027 | Jan 2025 |
| CENTRAL PARKP51800033540 | VIKHROLI EAST, Mumbai Suburban | 316 | Feb 2022 | Completed | May 2026 | Jan 2025 |
| QUEENS PARKP51800047377 | CHEMBUR EAST, Mumbai Suburban | 160 | Oct 2022 | Completed | Dec 2025 | Aug 2025 |
| PEAK 25P51800032526 | VIKHROLI, Mumbai Suburban | 109 | Jan 2022 | Completed | Dec 2025 | Aug 2024 |
| East SydeP51800031002 | BUILDING NO 77 & 79, GHATKOPAR, Mumbai Suburban | 237 | Sep 2021 | Completed | Dec 2025 | Aug 2024 |
| ADDRESS 51P51900035076 | BANDRA EAST, Mumbai Suburban | 174 | May 2022 | Completed | Dec 2025 | Jan 2025 |
| VICTORIA 54P51800025304 | VIKHROLI EAST, Mumbai Suburban | - | Apr 2020 | Completed | Dec 2025 | Jun 2024 |
| Templum HeightsP51800021056 | Vikhroli East, Mumbai Suburban | - | May 2019 | Completed | Dec 2024 | Feb 2023 |
| OlympusP51800022877 | Vikhroli East, Mumbai Suburban | - | Nov 2019 | Completed | Dec 2024 | Nov 2022 |
| ROYAL STONEP51800029854 | VIKHROLI EAST, Mumbai Suburban | - | Jul 2021 | Completed | Nov 2024Registered original: Dec 2023 | Mar 2024 |
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Buyer report
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Builder: V Laxmi Prime Developers LLP
V Laxmi Prime Developers LLP has 1 registration on MahaRERA, including VaibhavLaxmi Corporate Park. Its filings disclose 11 earlier MahaRERA projects: declares 10 of 10 past projects completed on time. Read the full track record. See more projects on the Mumbai Suburban district page.
Frequently asked questions
What are my rights if VaibhavLaxmi Corporate Park is delayed beyond 31 Aug 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 VaibhavLaxmi Corporate Park?
The registered promoter entity is V Laxmi Prime Developers LLP, a limited liability partnership as per the filing. Its LLPIN ACD-1406 and GSTIN 27AAXFV4859M1ZW can be cross-checked on the MCA and GST portals. 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 VaibhavLaxmi Corporate Park?
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 VaibhavLaxmi Corporate Park?
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 VaibhavLaxmi Corporate Park?
The professionals named in the filing: Architect: Sachin Anil Raje; Engineer: Ajay Mahale & Associates; Chartered Accountant: NARENDRA KADAV; Chartered Accountant: Kapure & Kapure Chartered Accountants. 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 VaibhavLaxmi Corporate Park?
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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