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Registered Litigation declared Residential / Group Housing project

Vaikunth Cluster 3 Tower 3

By PEPL Developers Pvt Ltd

RG-MH-70262 · RERA PR1332022601156 · Last updated on MahaRERA portal: 8 Jul 2026

Source: official MahaRERA filing

Red flags

  • Litigation declared, 3 cases
  • Rs 140.00 crore secured on the land, in favour of ICICI Bank Limited
  • The declared charge does not appear in the CERSAI report on the filing

Clear

  • No complaints on record
  • Completion date never moved
  • Separate project account declared
  • Allotment letter follows the model form

3 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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Jun 2032Possession promisedno revision filed
0 of 11Construction stages donefurthest along: Excavation, 0%
343 of 343Units unsoldnot recorded sold or booked
0Complaints at MahaRERAon this registration
Jump to the 10 documents Report an error

Vaikunth Cluster 3 Tower 3 is a Residential / Group Housing project by PEPL Developers Pvt Ltd in Thane, Maharashtra, registered with MahaRERA as PR1332022601156 on 13 Jul 2026. Possession is promised by 30 Jun 2032. 0 of the 343 units on this registration are recorded sold or booked, and 0 of 11 construction stages are filed complete.

At a glance

Project

  • NameVaikunth Cluster 3 Tower 3
  • TypeResidential / Group Housing
  • Location
    • Balkum road
    • Balkum
    • Thane
    • 400607
  • Pincode400607
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PR1332022601156
  • ReraGenie IDRG-MH-70262

Builder

  • NamePEPL Developers Pvt Ltd
  • Entity typeCompany
  • CINU17100MH1999PTC122652
  • GSTIN27AACCA7777K1Z5
  • DirectorsPankaj S Mundada, ArunKumar Singh
  • Other registrations2 more →
  • Declared earlier projects6 →

Key dates

this monthRegisteredJul 2026PromisedJun 2032

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on13 Jul 2026
  • Promised completion30 Jun 2032
  • Revised completionNone
  • Buildings1 building record
  • Documents filed10 files

Current status

0%0 of 343 units booked

Figures as on 8 Jul 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Tower 3 Tower 3BNA55513430343

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 8 Jul 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 11 construction stages are filed complete. The stage furthest along is Excavation, at 0%.

Tower 3 Tower 3B: 0% average across the applicable activities

ActivityProgress
Excavation0%
Basement (if any)0%
Podiums (if any)0%
Plinth0%
Stilt Floor0%
Slabs of Super Structure0%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises0%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks0%
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 8 Jul 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 facilityProposedProgress
Internal Roads & FootpathsNo0%
Water SupplyNo0%
Sewerage (Chamber, Lines, Septic Tank , STP)No0%
Storm Water DrainsNo0%
Landscaping & Tree PlantingNo0%
Street LightingNo0%
Community BuildingsNo0%
Treatment And Disposal Of Sewage And Sullage WaterNo0%
Solid Waste Management And DisposalNo0%
Water conservation /Rain water harvestingNo0%
Energy managemcntNo0%
Fire protection and fire safety requirementsNo0%
Electrical meter room, sub-station, receiving stationNo0%
Aggregate area of recreational Open SpaceNoNot applicable
Open ParkingNoNot applicable

Parking filed717

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.

Total parking slots717
Closed/Covered717

Land and ownership

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.

Land area94,926 sq m
Land owned byThe promoter
Named landownersNone
Encumbrance on the landDeclared present
Charge in favour ofICICI Bank Limited
Secured amountRs 140.00 crore
CERSAI search filedYes
Declared on19 Jun 2026

Approvals and building plan

Sanctioning authorityThane Municipal Corporation
Permissible FSI42776.26
Proposed, not sanctioned42,776 sq m
Buildings approved1
Buildings sanctioned1

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.

Separate project accountDeclared
Bank branchICICI Bank Ltd., Bombay Hub, Z Wing, Kamla Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai.400013, Maharashtra

Certifying professionals and partners3

Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectScapes
EngineerQuasco Consulting India Pvt. Ltd
Chartered AccountantD B Ketkar & Co
PartnerRole in project
PEPL Developers Pvt Ltd-

Litigation declared3

CaseCourtStatus
83/2015High Court Of BombayOngoing
70/2023Before TahasildarOngoing
RTS 2717 27 PRA KA 1 J 4/2016/2016Before the Minister for Revenue and ForestOngoing

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.

  1. Legal title reportNot on the file

    A lawyer's report on who owns the land and what is registered against it.

  2. Layout approvalOn the file

    The planning authority's approval of how the plots and buildings sit on the land.

    uploaded 19 Jun 2026
  3. Building plan approvalOn the file

    Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.

    uploaded 19 Jun 2026
  4. Commencement CertificateNot on the file

    Permission to begin construction. On a plotted development the same slot carries the NA order instead.

  5. 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 Jun 2032

Documents filed10

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.

DocumentUploaded
Declaration and undertaking (Annexure A)File: Order 50 revised.pdf8 Jul 2026
Layout approvalFile: plan final-1.pdf19 Jun 2026
Layout approvalFile: plan final-2.pdf19 Jun 2026
Building plan approvalFile: plan final-3.pdf19 Jun 2026
Building plan approvalFile: plan final-4.pdf19 Jun 2026
Layout approvalFile: plan final-5.pdf19 Jun 2026
Layout approvalFile: plan final-6.pdf19 Jun 2026
Layout approvalFile: section plan.pdf19 Jun 2026
Layout approvalFile: tower footprint.pdf19 Jun 2026
Building plan approvalFile: LOI Cluster 3B apporved letter.pdf8 Jun 2026

Promoter's earlier projects6

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.

4 delivered on promise2 not delivered by the promised date
ProjectLocationFlatsRegisteredStatusPromisedDelivered
Vaikunth Cluster 3 Tower 2P51700024580Thane, Thane635Feb 2020OngoingJun 2026Not delivered
Vaikunth Cluster 3 T1P51700024023Thane, Thane557Jan 2020OngoingJun 2026Not delivered
Vaikunth Cluster 2P51700003793Thane West, Thane-Aug 2017CompletedDec 2024Dec 2024
Vaikunth Cluster 4AP51700005256Balkum, Thane-Aug 2017CompletedJul 2024Jul 2024
Vaikunth Cluster 4P51700003283Thane West, Thane-Aug 2017Certificate SignedDec 2023Dec 2023
Vaikunth Cluster 1P51700003535Thane West, Thane-Aug 2017CompletedDec 2022Dec 2022

How this compares with Thane

0%of this project is bookeddistrict median 26%
24%of Thane projects moved their completion datethis one has not
23%of Thane registrations have lapsed or been cancelledthis one is on the register

Computed across the 7,600+ Thane projects on ReraGenie, from their own filings.

Free monthly report: Thane on MahaRERA, month by month. What registered each month, this city against the other six, the possession pipeline and the pincode micro-markets, from these same filings.

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How alerts work

Other projects near Balkum7,600+ in Thane

2 kmVaikunth Cluster 3 TowerCompleted 153Lapsed / revoked 55Other 129Dot size: filed unitsN

Filed coordinates, straight-line distance. 337 registered projects within 2 km.

Builder: PEPL Developers Pvt Ltd

PEPL Developers Pvt Ltd has 3 registrations on MahaRERA, including Vaikunth Cluster 3 T1 and Vaikunth Cluster 3 Tower 2. Its filings disclose 6 earlier MahaRERA projects: declares 4 of 4 past projects completed on time. Litigation is declared on 3 of its registrations. Read the full track record. See more projects on the Thane district page.

Frequently asked questions

What are my rights if Vaikunth Cluster 3 Tower 3 is delayed beyond 30 Jun 2032?

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 Vaikunth Cluster 3 Tower 3?

The registered promoter entity is PEPL Developers Pvt Ltd, a company as per the filing. Its CIN U17100MH1999PTC122652 and GSTIN 27AACCA7777K1Z5 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 Vaikunth Cluster 3 Tower 3?

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 Vaikunth Cluster 3 Tower 3?

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 Vaikunth Cluster 3 Tower 3?

The professionals named in the filing: Architect: Scapes; Engineer: Quasco Consulting India Pvt. Ltd; Chartered Accountant: D B Ketkar & 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 Vaikunth Cluster 3 Tower 3?

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.

Read the whole filing and still not sure? That is what the Rs 499 buyer report is for: the conditions on this record read one by one, the progress against the promise, this promoter's other registrations, what the filed documents themselves say, and a ZIP of every document on the filing. It carries the Rs 299 project watch free for 90 days.

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