P51900034289 (North Tower) · P51900034288 (South Tower) · K Raheja Corp Real Estate Pvt Ltd · Modern India Ltd (landowner) · Plot D1, C.S. 7/1895, Byculla Division, E Ward 400011
Overall Score6.5/10as of 08/26
A freehold mill plot with the building already half-lived-in and its floor space index fully spent — where the view everyone is sold on is real, protected by a railway corridor the brochure never once mentions.
Flags- The land still vests in the landowner, and no clear-and-marketable opinion post-dates the 2022 mortgages.
The fundamentals are unusually solid for the Byculla-Mahalaxmi set: freehold land with a traceable chain, floor space index fully sanctioned and fully consumed, a full building permission for both towers and both towers topped out and a real occupation certificate on the north tower's lower 23 floors. There is no rehabilitation mass, no contingent volume and no off-site obligation gating anyone's keys. The marketed view is genuinely protected by a railway corridor and a statutory setback. What holds it back is documentary rather than physical: the land does not vest in the developer — it holds an unconveyed 2017 agreement for sale whose 2024 amendment, price and entitlement split are all undisclosed — and no clear-and-marketable title opinion exists after the two mortgages were created, the governing building permission lapsed on its face in June 2025, and a required environmental clearance was still an open condition in the approval that permission rests on. Each is answerable with a document.
The five things that decide it
1The building is finished — both towers topped out, and the north tower has held an occupation certificate for its lower 23 floors since March 2025. What is left on the south tower is certification, not construction.
2The marketed view is real and structurally protected — every deck faces west across the plot's own open ground, a 30-metre reserved setback, the railway corridor and then the racecourse. None of it can be built on, and the clear aspect is field-confirmed.
3Nine years on, the developer has agreed to buy this land rather than bought it. The plot still stands in the landowner's name, the 2024 agreement that amended those terms is not on the file, and the only opinion certifying title as clear and marketable predates the two mortgages on the land by a month.
4The two towers stand about seven metres apart and are contractually one building — and there is no condominium, no deed of apartment and no quantified share of the land until the south tower is certified, currently 2028.
5A flyover from Saatrasta onto this road, due mid-2027, would halve the 20-minute run to coastal access. The largest forward improvement to this address, and it appears in no marketing material.
Livability
6.4/10FairPillar score is the average of the scored attributes below; some attributes are qualitative and carry questions rather than a number.
Compound Density6.0/10
No rehabilitation mass at all — and two towers seven metres apart that are contractually one building
- Start with what is absent, because it is the best fact in this block.
- There is no rehabilitation building, no slum-scheme tower and no project-affected cohort anywhere on this compound.
- The mill-land obligations were discharged in land, off-site, and every parcel has already been conveyed — 7,058 square metres to the housing board, 8,626 to the municipal corporation as a garden, and a further 1,163 conveyed in 2020.
- The tenement statement confirms it: 266 proposed, none existing.
- In a corpus where most comparable schemes carry rehabilitation mass on the plot, this removes both intra-plot co-habitation density and the delivery risk of a non-revenue building on the critical path.
- The density that is here is the developer's own.
- Floor space index is consumed at 4.00.
- And the two towers stand about 7.3 metres apart, measured off the sanctioned section — roughly 151 metres of near-continuous slab.
- This is not an inference: the agreement itself proposes to 'touch/join/connect' them and calls the second 'an extension/Wing to the Residential Tower 1'.
- The drawing and the contract say the same thing.
- This is one building in two parts.
- That has a governance consequence people miss. One condominium covers both towers, and it forms only after both are complete in full. So owners in the tower that has been occupied since March 2025 have no condominium, no deed of apartment and no quantified share of the land until the second tower finishes — currently September 2028.
- Their undivided share is not even calculable until then, is measured by floor space index consumed, and the developer's determination of it is stated to be 'final and binding'.
- Day to day: 266 homes, 809 car bays across nine parking levels, and both towers' amenity decks all share one podium.
- Two approval undertakings remain open on the record — a restriction on a fifth of the plot potential pending an affordable-housing notification, and an undertaking to hand surplus parking to the municipal corporation.
What to ask the builder- Show me the 2024 sections sheet — what is the clear distance between the towers, and at which levels do they connect?
Understand “Compound Density” on the X-Ray page ↗Neighbourhood5.0/10
A railway yard that protects the view and makes the noise, and an east side that will change
The static picture here is unusually well documented, and the same object cuts both ways. The field read is blunt about it: the railway noise is real, and what you get in exchange is the clear racecourse and sea view. That is a priced trade rather than a hidden defect — and because floors have been occupied since March 2025, it is one you can test before you sign rather than after.
- West — the Western Railway lines and yard, with a 30-metre setback drawn on the sanctioned plan and laid out as paved open ground. Permanently unbuildable, which is exactly why the view survives — and a working railway yard against the boundary, with the noise, vibration and night shunting that come with it. No marketing material mentions it.
- South — the municipal corporation's 8,626 square metre amenity plot, reserved open space. Durable.
- North-west — another municipal recreation ground on the parcel conveyed in 2020. Durable.
- East — the exposure. A 2004 condominium of about 65 homes on roughly an acre, which is prime redevelopment stock, and beyond it a 7,058 square metre housing-board layout, which in this belt redevelops tall. Both sit on the side the kitchens and entrance lobbies face.
- Wider out, this is one of the densest active high-rise redevelopment belts in the city.
- Within a few hundred metres the Jacob Circle and Saatrasta cluster already carries four large luxury schemes, three of them still building.
- What that means in practice — construction traffic, dust, crane hours and the eventual population — is a field question rather than a documentary one, and it stays open.
- On the environmental side the approvals are ordinary and nothing is buried: debris management, a below-ground design condition for aggressive groundwater, storm-water consultation, tree and fire clearances.
- There is no contamination finding, no sewage plant, no drain and no high-tension line.
- The real environmental item is on the boundary, not in the approvals, and it has a timetable.
What to ask the builder- What is the night-time noise on the west decks, and what is the housing board's redevelopment plan for the plot to the east?
Understand “Neighbourhood” on the X-Ray page ↗Peak-Hour Connectivity5.5/10
20 minutes today — and a flyover due mid-2027 that would halve it
- 20 minutes, measured at 11 a.m. on a weekday from this gate to the nearest coastal-road, sea-link or eastern-freeway entry.
- This number is always driven, never derived from a map, and it is the reading that matters because it is the one you will repeat.
For context, the two nearest addresses in this analysis measure 20 minutes from Saatrasta and 28 minutes from Jacob Circle. This sits level with the better of the two.
Two things put it at the top of that band rather than the bottom: the plot fronts a 42.6 metre wide arterial on its north boundary, so you are not queuing out of a narrow lane, and the title records two permanent road accesses rather than one — with non-exclusive rights of way over the neighbouring plots as a third, though those are the subject of the long-running boundary suits.
- The forward number is the more interesting one. A flyover is under construction from Saatrasta onto Keshavrao Khadye Marg — the road this plot fronts — and is expected ready by mid-2027.
- The field read is that it would cut the run to coastal access by about half, to roughly ten minutes.
- That lands before the south tower's September 2028 possession, so most buyers here would live with the post-flyover number rather than today's.
- The score deliberately stays on the measured present-day reading — that is what this attribute means — but if the flyover opens as projected, this becomes one of the better-connected addresses in the corridor rather than a middling one.
- What none of that fixes is the geography.
- This is a central-Mumbai address whose fast-road access runs west across the rail corridor, and 20 minutes at 11 a.m. is not 20 minutes at 9 a.m.
- Drive it yourself at both.
Fixable? Builders like to sell connectivity as kilometres from a landmark — but the real test is time, not distance: how long you would actually be stuck, at peak hour, just getting to a fast arterial like a Sea Link or Coastal Road on-ramp. The access route and the on-ramp are municipal and outside the developer's control, so there is no fix to offer — only an honest read of the peak-hour reality today and the area's trajectory by 2032, once the surrounding pipeline has built out.
What to ask the builder- Drive it at 9 a.m. on a Tuesday and again at 7 p.m. — the 11 a.m. number is the floor, not the average.
Understand “Peak-Hour Connectivity” on the X-Ray page ↗Kitchen Ventilation9.0/10
Every kitchen vents to the outside — confirmed on the approved plan, not promised
- A pass, and it is sealed off the sanctioned plate rather than taken on trust.
- Every kitchen on the north tower's typical floor pairs with a utility on the external face: the end stacks show a 3.66 by 4.255 metre kitchen opening directly into a 4.11 by 1.52 metre utility that sits on the building envelope, with an outdoor condenser pocket and a duct beyond it.
- That is a real exterior air path — cooking smells and heat leave the building rather than recirculating through it.
- In towers of this height, where the temptation is to bury the kitchen in the core and rely on mechanical extraction, this is the outcome you want and it is worth checking on the plan of whichever stack you are buying.
Understand “Kitchen Ventilation” on the X-Ray page ↗Lift Wait8.0/10
Five lifts, not three — Grade A across most of the band
The sanctioned core carries three passenger lifts at 2.50 by 2.80 metres, two fire lifts at exactly the same size, a service lift with its own lobby and two staircases, around a 26.55 metre common lobby.
The question that decides this score is whether those two fire lifts carry passengers in normal use. They do. So the stack is served by five lifts, not three, and the morning interval for 40 floors at three homes per floor comes out at 23.6 to 30.3 seconds across the luxury speed and capacity band — Grade A almost everywhere in it, Grade B only at the slowest corner.
- For scale: on three lifts the same stack returns 39 to 51 seconds, which is Grade B to C and would have been a finding at this price.
- Five lifts for three homes a floor is generous provisioning, and it is the second-best lift position in this analysis.
- Two things still unread.
- The rated speed is nowhere in the documents — it lives on the lift schedule, not the floor plan — so this is a band rather than a single number; ask for the schedule.
- And the south tower runs 41 floors at four homes per floor on the same core, but its drawing is not in the Byculla-Mahalaxmi set, so its figure is derived rather than measured.
At 8 to 10 a.m., with three homes per floor over 40 floors on five lifts, the modelled wait is 24 to 30 seconds.
What to ask the builder- Show me the lift schedule with rated speeds and car capacities — the floor plan does not carry them.
Understand “Lift Wait” on the X-Ray page ↗Water Adequacy4.5/10
Nobody has yet had to prove there is enough water — and 266 homes are already partly occupied
- There is no sanctioned water quantity, no population basis and no water-department clearance for this project anywhere in the approvals.
- What the municipal permission carries instead is seven water-touching conditions and not one number: an all-dues clearance from the ward before building permission, remarks from the hydraulic engineer's department, rainwater harvesting, and extra water and extra sewerage charges to be paid.
- The one condition that actually tests supply — a certificate 'regarding adequacy of water supply' under section 270-A of the municipal act — gates the building completion certificate.
- Not the building permission, and not occupation.
- So a building can be sanctioned, built and occupied before anyone has had to demonstrate the water to serve it, and that is what has happened here: rainwater harvesting was still an outstanding condition when the occupation certificate was issued in March 2025.
- This is a warning rather than a failure.
- Nothing here shows homes added after a water sanction was fixed — the count has been stable across the whole approval chain — and the problem is structural to Mumbai's approval sequence rather than specific to this developer.
- But 266 homes, most of them three and four bedrooms with servant quarters, on a city supply that is systemically short, is a real question.
- The unusual advantage here is that you can check. Floors have been lived in since March 2025.
- Ask a resident what the pressure is like on a high floor at 7 a.m., how many tanker deliveries the building takes in a month, and whether the extra water and sewerage charges have been paid or are still to be recovered from the condominium.
What to ask the builder- What is the sanctioned daily entitlement in litres for 266 homes, and how many tankers has the occupied tower taken since March 2025?
Understand “Water Adequacy” on the X-Ray page ↗Parking6.0/10
Best-in-class circulation and three bays a home — licensed to you, not owned by you
- The mechanism is better than most of what this analysis sees, and it was read off the drawing rather than the agreement, which is the only reliable way. You can drive to your bay. The sanctioned plan draws a six-metre two-way driveway at grade feeding four dedicated one-way ramps at 4.5 metres wide — separate entry and exit ramps at gradients between 1 in 10 and 1 in 11.35, running down to the basements and up through the podiums.
- Two dedicated one-way ramps is the best arrangement there is, and materially better than the single two-way circular ramp common on tight plots. There is no car lift anywhere, so there is no retrieval queue to wait in.
- The provision is generous: 809 car bays against 585 required by regulation, plus 133 scooter bays, across 266 homes — and the agreement allots three bays to a three-bedroom home where the Mumbai norm would be two.
- Nothing sits next to a habitable room; all of it is below the amenity level.
- What pulls it down is the depth and the terms, not the hardware. The field read rates the circulation best in class on the strength of those two separate one-way ramps, and the ratio is not merely at the Mumbai norm but half again above it.
- What remains:.
- Parking spreads over nine levels — two basements, ground and six podiums. That is real time on the ramp, every day, in both directions.
- The section shows double-stacked bays on the top two podiums, and the ground-level bay schedule is entirely stack and tandem. Bays are 2.5 by 5.5 metres — the municipal minimum, not the 2.7 to 3.0 metres a large vehicle wants.
- The bay is licensed, not owned: 'earmarked/provided by the Developer (as per its discretion)', with no level or number specified, and holders 'shall not have any rights whatsoever' beyond what the agreement gives them.
- The agreement is silent on installing a charger at your own bay. Not scored as a penalty — the point has not been put to the developer — but on a nine-level stack, shared chargers are a daily problem, so get it in writing.
- All four of those are negotiable at signing and none of them is negotiable afterwards.
- Ask for a named bay on the lowest podium nearest the lift core, a wider bay if you run a large vehicle, and a written charging right — in the agreement, not in an email.
- One more thing the drawing settles that the paperwork does not: the bay schedule on the ground and stilt level is 42 big stack bays, four small stack, ten tandem and three accessible — not a single independent single bay among them.
- Whether the podium levels above are better is not answerable from this document set, because the basement and podium parking plans are not in it.
- Ask for them before you agree to a bay you have not seen.
What to ask the builder- Will you specify the bay level and number in the agreement, and grant a written right to install a charger there?
Understand “Parking” on the X-Ray page ↗Build Planning & Qualitynot yet scored
A checklist to verify with the builder — Rexray will score this attribute as the field database grows.
Rexray's database will, over time, be enriched with the attention to detail and quality ethos of each builder. For now, below is the checklist you should verify with the builder before you decide.
What to ask the builder- Who's the architect, and what comparable have they delivered?
- Do the lobbies need lights during the day?
- Gym/pool/lobby sized for how many residents? (gym sqft / residents)
- Does this unit's layout meet your Vastu requirements (entry, kitchen, master)?
- Can a fire tender or an ambulance reach the lobby?
- Who is actually building it?
- Mivan or conventional — and how are the tie-holes grouted and cracks controlled?
- What's the realistic floor-cycle, and how does the monsoon factor in?
- Which steel/cement? Facade glazing spec? MEP contractor? STP/solar?
- Which marble/fittings exactly? Which window system? VRV brand?
- Deck/bathroom waterproofing system? How's the facade sealed into the structure?
- Gypsum or block internal walls — and are the party walls insulated?
- Does the back-up generator power my whole flat, or only the common areas?
- Is the parking solo, tandem, or a mechanical stack — and how wide are the bays?
Understand “Build Planning & Quality” on the X-Ray page ↗Community7.0/10
One cohort, one ticket band, no cash — the cleanest community read in the Byculla-Mahalaxmi set
- This reads as homogeneous, and that is the point of the attribute.
- There are 266 homes and every one of them is a three, three-and-a-half or four bedroom between 1,669 and 2,891 square feet of carpet, listed at roughly Rs 15 to 38 crore.
- No studios, no investor-format units, no two-bedroom entry tier — and so none of the wide spread that pulls a building's community in two directions.
- There is also no rehabilitation cohort anywhere on the compound, because the mill-land obligations were discharged in land off-site.
- That removes the sale-versus-rehabilitation society split which complicates most comparable schemes in this belt, and it is why a single condominium across both towers is a workable structure here rather than a source of friction.
- Rexray's field read confirms it: a low-density plate of three homes per floor, one condominium, and an all-white buyer base with no cash element in the transactions.
- Homogeneous ticket size, declared money and no second society together is the top of what this measures, and it is materially better than the barbell mixes scored elsewhere.
- One thing to check on site rather than in the score: the north tower's homes are the larger format at three per floor, and the sanctioned tenement count closes exactly at four per typical floor for the south tower.
- Whether the two towers read as one community or two with different expectations is worth asking residents, not the sales desk.
What to ask the builder- What is the ticket-size range in the building — the gap between the cheapest and the most expensive home?
- Is the building vegetarian-only, or skewed to a single community?
- Is it owner-occupied, or investor- and tenant-heavy?
- What is the pet policy?
Understand “Community” on the X-Ray page ↗
Findings register
18 findings · severity-ranked
Every marketed claim set against the documented fact, sourced. Critical and high first.
HIGH
Title certified clear one month before the mortgages that now sit on the land
MarketedMarketing discloses a mortgage in favour of the housing-finance lender on all thirteen pages and says its no-objection 'would be obtained at the relevant time'.
DocumentedThe only opinion stating that title is 'clear, marketable and free from encumbrances' is dated 24 February 2022. Two registered mortgages over the whole plot — Rs 450 crore and Rs 250 crore — were created on 25 March 2022 and both remain unsatisfied on the central registry. The February 2024 supplemental records them and deems them incorporated, but issues no fresh conclusion and does not opine on their effect.
The clear-and-marketable opinion on this land is older than the debt secured on it, and nobody has re-opined since.
Source: registered documents
HIGH
The developer does not own the land, and the instrument that would settle the terms is undisclosed
MarketedThe brochure names a developer entity as the project's promoter and never mentions the landowner in whom the land actually vests.
DocumentedPlot D1 remains recorded in Modern India Limited's name. The developer's interest arises under an Agreement for Sale dated 30 June 2017 with a registered power of attorney; no conveyance has been executed. The consideration under that agreement is not disclosed in any document in the Byculla-Mahalaxmi set, nor is whether it has been paid. A Supplementary Agreement of 25 January 2024 amended the instrument in unstated ways. The entitlement split between developer and landowner is referred to as 'respective entitlements' five times and never quantified.
Nine years on, the developer has agreed to buy this land rather than bought it — and the 2024 amendment to that agreement is not on the file.
Source: registered documents
MEDIUM
A High Court suit attacks a development right certificate named on this project's own sanctioned Proforma A
MarketedNot mentioned in any marketing material.
DocumentedA co-operative housing society seeks to restrain the developer from utilising transferable development rights acquired out of its Development Right Certificate No. ROAD/0059/2023 dated 7 August 2023, and to have that certificate deposited in court. The sanctioned Proforma A for this project lists 'DRC No Road/0059/2023 (Gen) = 491.13 sq.mt' as part of the 4,119.91 sqm of road and reservation development rights loaded onto this plot.
The certificate a court is being asked to freeze is named on this building's own approved floor space index calculation.
Source: registered documents, government filings
MEDIUM
Part of the building is finished and occupied — and the certificate that authorised it has lapsed on its face
MarketedThe brochure states no possession date, no construction status and no certificate position.
DocumentedThe North Tower is occupied to its 23rd habitable floor under a partial occupation certificate issued 27 March 2025. The full commencement certificate for both towers, endorsed on 11 October 2024, carries a validity ending 21 June 2025 — it inherited the original 2018 anniversary rather than taking a fresh one-year term. No later endorsement appears in the record.
The delivery position is the strongest in the recent the Byculla-Mahalaxmi set, and the paperwork authorising the remaining work needs re-checking.
Source: government filings
MEDIUM
The revised environmental clearance gate was passed on paper without the clearance appearing
MarketedNot mentioned in any marketing material.
DocumentedThe January 2022 approval gated commencement certificate above the 18th floor of the second tower on 'revised environmental clearance'. The certificate was nonetheless extended for that tower to the 30th floor in November 2022 and to all 41 floors in October 2024. The August 2024 approval restates the condition in a BROADER form — a revised clearance before any commencement certificate at all, with the tower-and-floor qualifier removed. No clearance authority, date or number appears anywhere in the approvals set.
A condition that had to be satisfied before building above the 18th floor was still being restated after the building had been sanctioned to the 41st.
Source: government filings
MEDIUM
The marketed view is real, and the railway that makes it possible is never mentioned
Marketed'These beautiful residences come with the ultimate indulgence — magnificent views of the Arabian sea, the Golf course and the Mahalaxmi Racecourse.' Made for all residences, with no tower, side or floor qualification. The renders show the western outlook as an uninterrupted sweep of greens to open sea.
DocumentedThe claim is SUBSTANTIATED on the west, where every private deck faces: the sanctioned plan draws a 30 metre development-plan setback from the railway line as paved open ground, the registered west boundary is the Western Railway lines and yard, and the racecourse and golf course lie beyond. But the railway corridor that guarantees the outlook is absent from every word and every image in the brochure, and no render shows a rail line in the foreground. The east face — where the kitchens, utilities and entrance foyers sit — has none of the three views.
The view is genuinely protected, by a working railway yard the marketing takes care not to show.
Source: marketing, government filings, registered documents
MEDIUM
The two towers stand about seven metres apart and are contractually one building
MarketedThe brochure never shows a site plan, never gives a separation distance, and shoots its cover render at an angle that compresses the gap between the two slabs.
DocumentedEach tower body scales to its stated 72.13 metre plate length on the sanctioned section, and the clear slot between them scales to about 7.3 metres — roughly 151 metres of near-continuous slab. The agreement proposes to 'touch/join/connect' the second tower to the first at certain levels and calls it 'an extension/Wing to the Residential Tower 1'. A single condominium covers both and is formed 'only after the Developer has constructed and completed in full both the Residential Towers 1 and 2'.
This is one building in two parts, and the owners of the finished part do not get control of it until the unfinished part is done.
Source: government filings, registered documents
MEDIUM
No conveyance to a society — ever — and no condominium until both towers finish
MarketedNot addressed in marketing.
Documented'A Co-operative Society will not be formed... and at no time can the Apartment Holder... form or require the Developer and/or the Present Landowner to form a Co-operative Society and/or to transfer the Project Land in favour of a Co-operative Society.' A single condominium under the Maharashtra Apartment Ownership Act covers both towers and is formed only after both are complete in full; the deed of apartment follows, estimated by 30 September 2028. The buyer's undivided share is not quantified until the whole development completes, is measured by floor space index consumed, and the developer's determination is 'final and binding'. There is no federation or apex body.
Ownership of the ground is deferred to the completion of a tower the buyer may have no interest in, and the share itself is the developer's to compute.
Source: registered documents
MEDIUM
Almost the whole price is payable up front, on dates rather than on stages
MarketedThe brochure states no price, no payment plan and no charges.
DocumentedHalf the consideration falls due within fifteen days of registering the agreement and a further quarter by a fixed calendar date; only 20% is tied to the occupation certificate and 5% to possession. None of the first four instalments is linked to a slab, a stage or any construction event. Both towers are topped out, so no construction stages remain in any case. On default the buyer forfeits 10% of the total consideration as liquidated damages, refunded 'without any further amount by way of interest or otherwise'; the developer's failure to give possession costs a fixed Rs 50,000. Force majeure extends the possession date by 'such period of delay' with no cap.
Seventy-five per cent of the price is payable before the occupation certificate, and half of it within a fortnight of signing.
Source: registered documents
MEDIUM
Three bays a home and proper ramps — on a licence, not a title, with no charger right
MarketedThe brochure contains no parking content of any kind.
Documented809 four-wheeler bays are proposed against 585 required by regulation, plus 133 scooter bays, across 266 homes, and a three-bedroom home is allotted three bays. Access is by four dedicated one-way ramps at 4.5 metres wide — separate entry and exit, gradients between 1 in 10 and 1 in 11.35 — off a six-metre two-way driveway; there is no car lift anywhere. Parking occupies nine levels: two basements, ground/stilt and six podiums, with the top two podiums labelled stack parking and drawn double-stacked in section. The ground-level bay schedule is entirely stack and tandem at 2.5 by 5.5 metres. The bay is 'earmarked/provided by the Developer (as per its discretion)', heritable and transferable only with the home, and holders 'shall not have any rights whatsoever' beyond what the agreement provides. No level or bay number is allotted and no private-charger right is granted.
Generous, well-engineered parking that you are licensed to use rather than given.
Source: government filings, registered documents
MEDIUM
No water quantum anywhere, and the only adequacy test comes after everyone has moved in
MarketedNot addressed in marketing.
DocumentedNo sanctioned water quantity, no population basis and no hydraulic-engineer no-objection for this project appears anywhere in the approvals. The only adequacy requirement is a certificate under section 270-A of the municipal act 'from the Hydraulic Engineer's Department regarding adequacy of water supply', and it gates the BUILDING COMPLETION certificate — not the commencement certificate, and not occupation. Extra water and extra sewerage charges are an express condition. Rainwater harvesting was still outstanding at partial occupation in March 2025.
266 homes have been sanctioned and part-occupied without any document in the file demonstrating the water to serve them.
Source: government filings
LOW-MED
A 2011 suit sought to cap this plot at the fourth floor — the construction it targeted is now complete
MarketedThe brochure makes no mention of any litigation.
DocumentedMembers of the neighbouring Belvedere Court condominium seek an injunction restraining the landowner 'from changing the provisions of the sanctioned layout and or changing the user or putting up any construction above fourth floor from ground level on Plot D... without the consent in writing of the members'. Interim relief was refused on 16 December 2011; the plaintiff pressed again on 28 January 2019 and that hearing is pending. Preliminary issues on jurisdiction and limitation framed in July 2013 are still undecided.
A suit that asked the court to stop this building at its fourth floor has been overtaken by a building that is finished.
Source: registered documents
LOW-MED
Marketed as 11 Racecourse; registered in Byculla Division
Marketed'RAHEJA MODERN VIVAREA — 11 RACECOURSE'. The developer's own site places it 'in the heart of Mahalaxmi'; listing material adds 'Jacob Circle Mahalaxmi'.
DocumentedThe registered address is Plot D1, C.S. No. 7/1895 of Byculla Division, Keshavrao Khadye Marg, Mahalaxmi, Mumbai 400011, E Ward. The brochure never prints the street name, the plot number, the ward or the postal district anywhere across thirteen pages, and carries no map, no key plan and no distances.
The address on the marketing is a racecourse the property does not front; the address on the documents is a Byculla-division mill plot.
Source: marketing, registered documents
LOW-MED
The title advocate's firm and the landowner share a director
MarketedNot addressed anywhere.
DocumentedA named partner on the certifying firm's letterhead has been a director of Modern India Limited — the landowner whose title the firm certifies — since 16 May 2014. Neither the base certificate nor the supplemental discloses the relationship.
The lawyer certifying the seller's title sits on the seller's board, and the certificate does not say so.
Source: registered documents
POSITIVE
The document the intake set calls an insolvency is a demerger — and the promoter change is clean
MarketedThe brochure names K Raheja Corp Private Limited as promoter on every page — an entity that ceased to hold this project on 1 February 2024.
DocumentedThe tribunal order is a scheme of arrangement (demerger) under sections 230 to 232 of the Companies Act 2013, moving the residential business of K Raheja Corp Private Limited into K Raheja Corp Real Estate Private Limited on a going-concern basis. Appointed date 1 April 2021, filed with the Registrar of Companies 1 February 2024. The words insolvency, moratorium and resolution professional appear nowhere in the 24 pages. The order expressly records that creditors' liabilities are 'neither being reduced nor being extinguished', with consent from more than 90% of creditors.
This is a corporate reorganisation, not a distress event, and the new promoter assumed the old one's obligations without a carve-out.
Source: registered documents
POSITIVE
Floor space index fully sanctioned, fully consumed, and already built against under a full certificate
MarketedThe brochure makes no floor-count or height claim at all, so there is nothing to overstate.
DocumentedThe sanctioned Proforma A reconciles: total permissible floor area 50,009.79 sqm plus fungible 17,451.69 sqm gives 67,461.48 sqm proposed against a net permissible 67,513.22 sqm, a balance of 51.74 sqm, with the index consumed at 4.00 on net holding. The full commencement certificate of 11 October 2024 covers the entire work of both towers to their full sanctioned height, and the North Tower holds a partial occupation certificate.
There is no contingent floor space index here and no gap between what is marketed, what is registered and what is sanctioned.
Source: government filings
POSITIVE
No rehabilitation mass on the compound — the mill-land obligations were paid in land, off-site
MarketedThe brochure never mentions the mill-land origin except as 'an homage to a great chapter in Mumbai's history'.
DocumentedThe tenement statement proposes 266 tenements and records none existing. The mill-land obligations under DCR 58(1)(b) were discharged in LAND: 7,058.12 sqm surrendered to MHADA as Plot B in 1996, 8,626.56 sqm handed to the municipal corporation as amenity Plot C in 1997, and 1,163.32 sqm conveyed as Plot D2 in 2020 against a development right certificate. All three sit off this plot and all three are conveyed.
There is no rehabilitation building, no slum-scheme tower and no project-affected cohort on this compound, and no off-site obligation gating anyone's keys.
Source: government filings, registered documents
POSITIVE
A flyover due mid-2027 would halve the run to coastal access
MarketedThe brochure carries no connectivity content at all — no map, no distances, no road names.
DocumentedA flyover is under construction from Saatrasta onto Keshavrao Khadye Marg, the road this plot fronts, expected ready by mid-2027. The field read is that it would cut the 20-minute run to coastal access by about half.
The single largest forward improvement to this address is a road nobody is marketing.
Source: REXRAY-FIELD