Detailed Report · as of 09/26

Sattva Sumera - Wing A

Bhoiwada SRA sale tower on municipal land; its plot is sub-judice as a recreation ground · RERA PM1170002502568 (Wing A)

PM1170002502568 (Wing A) - Alperton Developers and Contractors Pvt Ltd (brand Sattva) - C.S. 437(pt), 440(pt) / new 15/426, Parel-Sewree - registered plot 3,498.56 sqm within a 1,07,988.64 sqm SRA scheme

Overall Score5.4/10as of 09/26

A polished, Sattva-branded Sewri landmark - sold on land the developer does not own, on a plot the High Court is being asked to turn back into a park.

Flags
  1. In court on its own survey numbers: neighbours want a 35% recreation ground where the layout provides 8%, and all other construction stopped.
  2. The ground is the municipality's and the Bombay Improvement Trust's, not the developer's, which holds a development right the portal calls ownership.

INVESTIGATE. Field review credits a capable, Mumbai-debuting builder (delivery lifted) and a genuinely candid presentation (r2r lifted), and the livability engineering and the Worli-Sewri connector keep V and L healthy. But F still carries the leaf at 0.60 and F stays weak on the two facts that decide whether the tower exists at all: the developer does not own the land and the right to build the plot is in court. Not a SKIP - the builder is real, the disclosure is honest and several risks are resolvable; capped at Mixed because title and delivery are the exposure until the litigation, the conveyance and the build move on the ground.

The five things that decide it
1Two live High Court matters attack the scheme's recreation ground on this tower's own survey numbers: the sanctioned layout provides the 8% today's rules require, while neighbours claim 35% is owed under an earlier ruling and want all other construction stopped. No adverse order yet - but no stay either.
2The ground is owned by the municipality and the BIT trustees, not the developer, which holds only a development right; conveyance to a residents' society is a deferred government-land instrument, and the portal wrongly calls the developer the owner.
3The tower stands only to basement level on a plinth-only permission, just 45 of 509 homes are booked and none yet registered sold, with ~90% of the build cost still to be raised against a 2031 finish - though the builder is the capable Sattva group making its Mumbai debut, with a real name-building incentive to deliver.
4Three of the four boundaries are a 25-acre cemetery, an un-rehoused slum and a dense ready Crescent Bay cluster and the recreation open space is zero - but the Worli-Sewri connector (~11 min to access, opening ahead of possession) is lifting the whole belt.
5At about Rs.45,000 a square foot it undercuts nearby Rustomjee and Sobha despite a better-planned floor than either - an efficient dual-aspect plate (2.5 baths even in the 2-bed), ten lifts across three sub-wings for Grade-A lift waits, and a drivable self-park podium.
FVL — Rexray's index · F Fundamentals · V Value · L Livability · each pillar is the average of its scored attributes, scored 0–10: Weak (<4) · Mixed (4–6) · Fair (6–7.5) · Strong (7.5+) · the verdict is set separately, by hard-stop rules · Scoring Methodology →

Fundamentals

4.6/10Mixed

Pillar score is the average of the scored attributes below; some attributes are qualitative and carry questions rather than a number.

Clear Title3.5/10
A development right on municipal land - and a plot the High Court is being asked to make a park
  • The most important thing to understand about this tower is that the developer does not own the ground it stands on.
  • The property cards show the land belonging to the Municipal Corporation and the Trustees for the Improvement of the City of Bombay; the consolidated plot lists the municipality as lessor.
  • What the developer holds is a right to develop the plot under a 2025 Slum Rehabilitation Authority letter of intent, and that is precisely what a first-tier title firm certifies as clear and marketable - the right, not the land.
  • The commencement certificate spells it out: the permission does not entitle the developer to build on land that does not vest in it.
  • On top of that sits the sharpest fact in the file.
  • Neighbours - residents of buildings on this plot's own boundaries - have gone to the High Court alleging the scheme was sanctioned without the recreation ground it owes, and asking that no construction proceed on the plot except that recreation ground; their petition names this tower's own survey numbers, and a separate commercial suit says a parcel shown as a 'GR+70' development should instead be a recreation ground.
  • Reading the sanctioned layout, the argument is really about a percentage: the plan provides the 8 per cent recreation ground the current development rules require (about 8,200 square metres against a 6,290 requirement) and draws two of its three recreation grounds, while the neighbours claim a 35 per cent recreation ground - roughly 37,800 square metres - is owed under an earlier High Court ruling.
  • No court has ordered a halt and the developer contests both, but there is no stay either, so the building goes up while the entitlement to build it at all is unsettled - and both wings of this building sit on the contested land, so it is not a problem confined to a later phase.
  • The scheme's history explains the caution without softening it.
  • The wider parcel - which also carries the L&T Crescent Bay and Omkar towers - ran as an L&T-Omkar arrangement until Omkar's insolvency, after which the residual land passed to Sattva here and to Sobha (Inizio) on the corner.
  • So the developer that ran the scheme was terminated and this one installed at the lender's instance; conveyance of the ground to the eventual society is a deferred government-land instrument whose terms are not in the file; and the searches underpinning the title opinion are over a year old on the one risk - the litigation - that matters most.
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Delivery4.0/10
Basement stage and nothing sold - but a capable builder making its Mumbai debut
  • This is the earliest-stage tower in the Dadar-Naigaon set.
  • The architect's own certificate, as at mid-2026, has excavation complete and the basements a quarter done, and every line above the basement - podiums, plinth, superstructure slabs, finishes - at zero; the permission has never moved past plinth, and the engineer's certificate puts about ninety per cent of the cost of completion still to be spent.
  • None of the 509 homes is sold.
  • When the regulator queried viability, the developer asked that unsold inventory be valued at market rather than reckoner rates, so the case rests on a price assumption; and because this is a slum-rehabilitation scheme, occupation is tied to delivering and certifying the off-site rehab tenements.
  • What keeps this from the floor is the builder.
  • This is the Sattva group - a large, capital-strong Bengaluru developer with a real delivery record, not a first-time unknown - and this is its debut Mumbai project, a flagship it has a genuine incentive to finish on time and to standard.
  • The payment plan is construction-linked to slabs.
  • The builder's capacity and motivation raise the odds of the tower getting built; they do not shrink the sum a buyer has at stake for five years, which is why this stays a real exposure rather than a resolved one.
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Developer Compliance4.5/10
An active registration that quietly understates a still-moving project
  • The registration is live, the lender charge is disclosed and the statutory declarations are filed, and the field read of the record's overall legibility is good - but the portal is not a clean mirror of the documents.
  • It marks one of the High Court matters 'closed' where the title report describes it as live; it carries a floor-space figure the governing April sanction has since revised, with the sale component itself annotated 'apply for correction'; and two different corporate identity numbers are in circulation for the developer across its filings.
  • None of these is fatal on its own, and the title-search chain the registration rests on is over a year old.
  • Together they mean the public record shows a tidier, more settled project than the documents do - which for a buyer relying on the portal is exactly the wrong direction to be wrong in.
  • The floor-space correction and the identity-number discrepancy should both be resolved before the record is treated as final.
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Brochure-vs-Reality6.5/10
Candid - no oversell, and the hard facts are disclosed rather than hidden
  • Unusually for the Parel-Sewri set, the marketing does not oversell the physical product and, more to the point, the developer does not hide the difficult facts.
  • It prints a floor count that matches the sanction, makes no sea-view or vista claim it cannot keep, and lists amenities that are genuinely on the sanctioned plans - so nothing is contradicted.
  • And in its representations it is upfront about the things a buyer would otherwise be unpleasantly surprised by: the cemetery on the east boundary, the road-access arrangement, and the slum-rehabilitation nature of the scheme.
  • That is candour, not concealment.
  • The one reservation is that the entitlement-side facts - the recreation-ground litigation and the developer substitution - are legal matters that live in the title read rather than being foregrounded in the marketing.
  • That keeps this a strong-honest score rather than a perfect one, but it is a genuinely transparent presentation on a project whose hard facts could easily have been buried.
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Value

6.9/10Fair

Pillar score is the average of the scored attributes below; some attributes are qualitative and carry questions rather than a number.

View5.5/10
No vista is sold - a real harbour aspect north-east, and the developer's own next tower closing the north-west
  • This is a new micro-market with no mapped surroundings, so the directional read is preliminary, but the neighbour heights are now field-corroborated.
  • It matters less than usual because the marketing sells 'natural light', not a vista, so there is no view claim to contradict - which makes what the plate actually gets a quiet bonus rather than a promise to keep.
  • The three sub-wings look different ways.
  • The north and north-east homes carry a genuine, unmarketed aspect toward the Atal Setu and the eastern harbour, clearing above the ready L&T Crescent Bay cluster on the upper floors.
  • The south homes face the un-rehoused slum - open above the low fabric today, but exposed if that land is itself redeveloped.
  • The west homes, which start low, look at the mid-rise Omkar Veda.
  • The one hard call is the north-west: the developer's own Phase-2 Wing B will sit there, field-confirmed the same height or taller with two of its three sub-wings facing the seaboard, and it will close that arc at every floor once built.
  • A 25-acre Christian cemetery on the east boundary is open above the lowest floors but is an aesthetic some buyers weigh.
  • Treat all of this as a livability and resale read, and confirm the final storey counts before relying on it.
Sattva Sumera - Wing A — the plot and what surrounds it
Rexray View Map: Sattva Sumera - Wing A and its surrounding development
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Layout & Living7.5/10
An efficient pinwheel plate - dual-aspect light, and even the 2-bed has 2.5 baths
  • The typical floor is a pinwheel - three sub-wings radiating off a central core, ten homes to a floor, each with its own deck and each sub-wing served by its own lift bank.
  • Field confirmation is that the layout is efficient with minimal wastage: the geometry buys most homes light and air on two sides without the circulation drag that a pinwheel plate can carry, and that earlier estimate - read off a marketing plate - is resolved in the plate's favour.
  • The homes themselves read very well.
  • Even the two-bedroom carries two-and-a-half bathrooms, which is generous at that size, and the living rooms open to decks with kitchens against the external wall.
  • The efficiency is a strength here, not the compromise the pinwheel shape first suggested.
What to ask the builder
  • The west-face glass specification — brand, glazing thickness, and the heat-trapping (SHGC / U-value) number.
Understand “Layout & Living” on the X-Ray page ↗
Non-RERA Area8.0/10
Clean - the deck is yours, and there are no exclusive lobby areas at all
  • The disclosed deck-and-utility area is separately stated and included in the RERA carpet - you buy it, and it is not a restricted-common-area concern.
  • The earlier watch-item was the combination of a 'total area' selling right and unspecified 'exclusive areas' on a ten-flat plate, the configuration where an enclosed lobby or foyer can be booked as common area but sold as private space.
  • Field confirmation closes it: there are no exclusive lobby or foyer areas on this plate - the only additional area is the deck, which is RERA carpet.
  • So there is no legally-common space sold as private here, and the restricted-common-area watch-item is withdrawn rather than left open.
Understand “Non-RERA Area” on the X-Ray page ↗
Pricing6.5/10
About Rs.45,000 a square foot - under nearby Rustomjee and Sobha, on a better-planned floor
  • The project is quoting around forty-five thousand rupees a square foot.
  • That is below the nearby Rustomjee and Sobha projects, which sit higher in the belt - Sobha's tower is around fifty-five to sixty thousand and the nearest-to-completion L&T project runs from about fifty-five thousand on its lower floors toward seventy-five thousand high up.
  • And it undercuts them on a floor plan that is, if anything, better than either: an efficient dual-aspect plate where even the two-bedroom carries two-and-a-half bathrooms.
  • So the price reads as genuine relative value on the product, not merely a discount for risk - the gap to those comparables is wider than the delivery and title concerns scored elsewhere would explain on their own.
  • The one registered sale, a large high-floor home, works out to about thirty-six thousand a square foot on carpet and closer to forty-seven and a half thousand on built-up area, bare-shell, so it reads as an early or pre-launch rate below today's quote.
  • Where the number sits, the cash-component question is the one that can still move the real cost, and it is unverified.
What to ask the builder
  • What is the all-in cost — including stamp duty, registration and goods-and-services tax (GST)?
  • What is the rate on the area I actually own (carpet plus deck) versus the marketed area?
  • What have recent apartments in this building / micro-market actually registered at?
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Livability

6.3/10Fair

Pillar score is the average of the scored attributes below; some attributes are qualitative and carry questions rather than a number.

Compound Density3.75/10
A sale tower inside a dense rehabilitation estate - but the rehab is off-site
  • This is one sale tower inside a twenty-society rehabilitation scheme.
  • The important field confirmation is that the rehabilitation is handed over off-site: there is no rehab tower in this project, so buyers here do not share a lobby, a lift or a building with rehoused households - a real distinction from schemes where they do.
  • The compound they join is still dense and shared, though: two common basements, the podium parking, the eleventh- and twelfth-floor amenity decks and the clubhouse are all drawn across this tower and a larger sibling, a commercial tower is planned on the same land, and the estate's roads and retained temples sit around it, with the recreation open space attributable to the layout recorded as zero.
  • It is a busy estate in transition, not a stand-alone tower.
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Neighbourhood3.75/10
A 25-acre cemetery, a slum, a dense cluster - and a connector lifting the whole belt
  • The neighbourhood at the wall is heavy and mostly documentable today: a twenty-five-acre Christian cemetery on the east boundary, an un-rehoused slum to the south, the dense ready Crescent Bay towers to the north and the mid-rise Omkar Veda to the west, with a sewage-treatment plant and retained temples on the plot itself.
  • The one thing that would soften it - the recreation ground - is exactly what the two live petitions say was never provided.
  • The belt's direction of travel is up rather than down: the Worli-Sewri connector is drawing a wave of new launches to this pocket, which lifts the area's trajectory.
  • But it also means years of adjacent construction - the developer's own Wing B and commercial tower, the balance land, and the neighbours - so the surrounding density rises before it settles.
  • The static picture seals from the layout and boundaries; how and when the rehab and future phases land on the ground stays a field item.
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Peak-Hour Connectivity6.5/10
The Worli-Sewri connector lands ~11 minutes away and opens before the building does
  • Access here turns on the Worli-Sewri connector, whose entry point at Kidwai Marg is about an eleven-minute drive from the plot.
  • The connector is expected to open in the next two to three years - ahead of this tower's 2031 possession - and once it is live it puts Worli ten to fifteen minutes away and the Atal Setu and Navi Mumbai airport corridor about thirty minutes away.
  • The site already sits on the eastern side of the island, near the Eastern Freeway.
  • This is the single biggest locational upside on the leaf, and unusually it is a near-certain one rather than a speculative one: the road is scheduled to land before the buildings do, and it is the reason the whole Sewri belt is launching at once.
  • It is worth weighing as a genuine positive, not a maybe.
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.
Understand “Peak-Hour Connectivity” on the X-Ray page ↗
Kitchen Ventilation9.0/10
Kitchens vent outside - a clean pass
  • The kitchen sits against the external wall with a utility or service balcony beside it, and the living-dining opens onto a private deck.
  • That gives the kitchen a confirmed path to outside air rather than relying on a recirculation duct - a clean pass, and one of the plate's genuine strengths.
Understand “Kitchen Ventilation” on the X-Ray page ↗
Lift Wait9.0/10
Ten lifts across three sub-wing banks - Grade-A waits with room to spare
  • The plate gives each of the three sub-wings its own lift bank - about ten passenger lifts across the floor plus a service lift, with fire, stretcher and evacuation lifts alongside.
  • Because each bank serves only its own sub-wing's three or four homes a floor rather than all ten, the lift-wait engine returns a Grade-A result across the whole range of plausible speeds and capacities, with a comfortable margin.
  • It never slips into a queueing grade, so the vertical transport is a clear strength.
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Water Adequacyqualitative
Water adequacy can't be scored without the municipal conditions

The municipal water and sewerage conditions and the hydraulic-engineer no-objection - and the tenement count the water connection is sized for - are not in the file, so water adequacy is left open rather than guessed.

Understand “Water Adequacy” on the X-Ray page ↗
Parking6.5/10
A genuinely drivable self-park podium - field-confirmed, deep, no car lift to depend on
  • The parking is the good kind, and field confirmation backs the drawing: the sanctioned section draws a six-metre vehicular ramp between every deck from the ground to the tenth floor, with wide entry ramps and a nine-metre two-way ramp, and no car lift or puzzle rack anywhere.
  • You can drive to your own covered bay, and a larger home comes with two of them, with adequate overall supply of about 747 bays for 499 homes.
  • The one real cost is depth: the parking climbs twelve levels - two basements and ten podium decks - on a ramp with no lift to shorten the daily climb, which is a genuine time-in-ramp penalty on a busy morning.
  • The agreement is also silent on a private-bay electric charger and grants the bays as a right of use rather than a deeded space, though it names specific bay numbers.
  • On the ladder across the Parel-Sewri set this still sits in the large-tower drivable-ramp class, well above every lift-dependent building.
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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 ↗
Community5.5/10
A luxury sale tower joining a rehabilitation estate - but not sharing its building

Inside the tower the community is uniform - buyers of homes in the three-to-five-crore range - and the field confirmation that the rehabilitation is handed over off-site means there are no rehoused households living in this building at all, which is a cleaner position than the scheme first suggested.

  • But the estate around it is a twenty-society rehabilitation scheme with a large rehoused population nearby, an un-rehoused slum still on the boundary, a cemetery to the east, and shared internal roads and a shared clubhouse.
  • That is not a criticism so much as a fact to price in: a buyer is joining a rehabilitation estate in transition, not a stand-alone luxury address, and should weigh the mix and the shared spaces accordingly.
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

14 findings · severity-ranked

Every marketed claim set against the documented fact, sourced. Critical and high first.

HIGH
The scheme's recreation-ground provision is in court on this tower's own survey numbers - 8% provided vs a 35% claim
Marketed[MKT] Marketing calls it an iconic landmark and says nothing about the litigation.
DocumentedTwo live High Court matters attack the scheme's recreation-ground provision on the survey numbers this tower sits on - C.S. 437(pt)/440(pt), part of the wider Matoshri SRA plot. court petition(L) 35141/2025 asks the Court to bar any construction other than the recreation ground; Commercial Suit (L) 21875/2024 says a portion of 437(pt)/440(pt) shown as a 'GR + 70 floors' development should instead be 'Recreational Ground - 3'. The fight is a percentage: the sanctioned 28/04/2026 layout provides the DCPR-2034 minimum of 8% of the net plot (6,290.61 sqm required; 8,241.965 sqm of layout recreation ground plus 1,512.72 sqm on podium shown), while the petitioners invoke the City Space judgment (court petition 1152/2002, 19/06/2025) and the 10/10/2025 Housing GR to claim a 35% recreation ground (about 37,796 sqm) that was not provided. The layout shows recreation grounds DPRG-1 and DPRG-2 but no DPRG-3 among those provided, consistent with the claim that the RG-3 parcel was built over. The subject's own Sale Building 4 (Wings A and B, drawn adjacent on this plot) sits on the contested numbers. No court has passed an adverse order and there is no stay, so construction proceeds at risk.
The right to build the plot as a building is contested on this tower's own survey numbers - a 35% recreation-ground claim (City Space) against the 8% the sanctioned layout actually provides. No adverse order yet and no stay, so the developer builds at risk. The litigation papers themselves are the key document still to obtain, and both wings of Sale Building 4 sit on the disputed parcel - the dispute is not confined to a future wing.
Source: registered documents, secondary sources
HIGH
The land is the municipality's and the BIT's, not the developer's; the portal calls the developer the landowner
Marketed[MKT]/[REG] The portal's Promoter-Landowner block lists the promoter as landowner.
DocumentedThe property cards show C.S. 437 owned by MCGM (Municipal tenure) and C.S. 440 by the BIT Trustees; the consolidated C.S. 15/426 shows MCGM as Lessor with 'Sale Building No. 4' as holder. The developer holds a development right under the 2025 LOI, which is what the title firm certifies 'clear and marketable' - it does not certify ownership. The commencement certificate's condition 4 - 'this permission does not entitle you to develop land which does not vest in you' - is live here.
Buyers are not buying freehold. Conveyance to the eventual society is a deferred government-land instrument on terms not in the dump, and the portal actively misstates who owns the ground. Tenure, conveyance and any lease terms must come off the LOI, the PR cards and the Commencement Certificate, never the portal.
Source: registered documents, government filings
HIGH
The developer this scheme began with was terminated in 2024; the replacement is a first-time builder
Marketed[MKT] Marketed under the Sattva brand with no reference to the substitution.
DocumentedThe original developer (Omkar) ran the scheme through nine LOIs from 2006, part-built it, then was terminated by the SRA under s.13(2) of the Slum Act in April 2024 for failing to pay rents and complete the rehab; Alperton was installed as developer at the lender Piramal's instance. Alperton is a 2023-incorporated single-purpose company that self-certifies no past experience, and both its directors declare no other RERA project.
The scheme has already consumed one developer for non-performance, and the replacement is building a 62-floor tower as its declared first project. That is a delivery-and-continuity risk independent of the building's own early stage.
Source: registered documents
HIGH
Earliest-stage build: plinth-only Commencement Certificate, basements 25%, nothing sold, five years to a declared 2031 finish
Marketed[MKT] Marketing sells a finished landmark; the tower stands to basement level.
DocumentedAs at 30/06/2026: excavation complete, basements 25%, everything above the basement 0%, and the Commencement Certificate has never moved past plinth. The engineer's certificate puts Rs.510 cr of the Rs.564 cr cost still to spend (9.94% incurred). Zero of 509 units are sold (45 booked), and the promoter's answer to MahaRERA's financial-viability query was to ask that unsold inventory be valued at market rather than ready-reckoner rates. Completion is declared for 31/12/2031. Field-confirmed: the scheme's rehab is handed over OFF-SITE (no rehab tower in this project - two sale towers plus a future commercial tower), but the sale floor area (FSI) and occupation are contingent on delivery and OC of those off-site rehab tenements (C18). The mitigating fact is that this is the Sattva brand's first large Mumbai project, a real reputational incentive to deliver.
The building barely exists, most of the money is still to be raised, the viability rests on a price assumption, and occupation is gated on off-site rehab - a high exposure by magnitude. The mitigant is the builder: the capable Sattva group is making its Mumbai debut here and has a real incentive to deliver.
Source: government filings, registered documents
MED-HIGH
The portal marks a live court matter 'Closed', carries a superseded floor area (FSI) and two promoter CINs
Marketed[REG] The portal presents the project as clean and current.
DocumentedThe portal marks court petition(L) 35141/2025 'Closed' while the title report describes it as live; it carries an floor area (FSI) of 55,668.68 sqm that the governing April sanction has revised to 55,556.02 with the sale component annotated 'APPLY FOR CORRECTION'; and two corporate identity numbers are in circulation for Alperton (a 2023 CIN on the portal/PAN, a 2021 CIN on letterheads). The title-search chain is ~14 months old.
None is fatal, but together they mean the record understates a still-moving project. The floor area (FSI) correction and the CIN discrepancy should be resolved before the leaf carries a fixed promoter identity or area (C49/C07/C06).
Source: registered documents, government filings
MEDIUM
Three floor area (FSI) figures for the sale component, and the sanctioned plan is annotated 'APPLY FOR CORRECTION'
Marketed[MKT] no floor/area claim to contradict
DocumentedThe January architect's certificate (the registration basis) gives Wing A 53,943.56 + 1,725.12 = 55,668.68 sqm; the governing April sanction annotates 52,746.06 + 2,809.96 = 55,556.02 sqm and reads 'APPLY FOR CORRECTION' on the layout and against the ten sale shops. Commercial floor area (FSI) grows ~63% and the total falls 112.66 sqm between the two.
The promoter has a correction pending with the SRA on the very component the registration describes. The floor area (FSI) is sanctioned (not future-scheme-contingent), but its exact split and the shop position are unsettled - do not adopt any single number as final.
Source: government filings, registered documents
MEDIUM
Front-loaded (though slab-linked) payment plan on a bare-shell unit with no superstructure yet cast
Marketed[MKT] not addressed in marketing
DocumentedThe payment plan is construction-linked to slabs - 0.99% booking, 9.01% within 7 days, 20% within 60 days, 20% on the 8th slab, 19% on the 25th slab, 1% top slab, 20% OH tank, 10% on OC - which is the good kind of schedule. But ~30% falls due before the first (8th-slab) milestone, against a tower with zero superstructure slabs cast today, the instalments are payable within 7 days of demand with time of the essence (clause 2.6), and the promoter may sell on 'Total Area' (clause 2.5).
A buyer booking now pays roughly a third of a Rs.5 cr price before the first slab milestone on a building that is at basement level, with a five-year gap to possession. It is negotiable - ask to tie the schedule harder to milestones - which is why it is a MEDIUM, not higher.
Source: registered documents
MEDIUM
Government-land title-completion gap: no executed lease/conveyance, and conveyance to the society is deferred
Marketed[MKT] not addressed
DocumentedThe land is municipal/BIT, brought into the SRA scheme on a development right; no executed lease with a term and expiry to the promoter or the eventual apex society is in the dump, and conveyance to the society is a deferred instrument. Applying C03's pre-step, this is a title-COMPLETION exposure, not a computable lease-renewal premium - so no renewal cost is invented; the outstanding final instrument is the finding. Field background: the wider parcel (which also carries L&T Crescent Bay and the Omkar tower) ran as an L&T-Omkar arrangement until Omkar's insolvency; the residual land passed to Sattva (this project) and Sobha (Inizio, P54) on the corner.
Buyers inherit a government-land tenure whose final shape (lease vs conveyance, term, premium, timing) is not yet documented. Record it as a title PENDING; re-test C03 if a lease later lands.
Source: registered documents
MEDIUM
The boundaries are a cemetery, an un-rehoused slum and a dense ready cluster; recreation open space is zero
Marketed[MKT] marketed as an iconic landmark; boundaries not disclosed
DocumentedThe portal boundaries are a cemetery (east), un-rehoused slum (south), the ready L&T Crescent Bay cluster (north) and Omkar Veda (west); the plot carries an sewage treatment plant pit and retained temples, and the recreation open space attributable to the layout is zero - which is exactly what the two live petitions contest.
The surrounding-density and neighbourhood-at-possession picture is heavy and mostly documentable now. The static layer seals; the pipeline timing and on-ground status of the rehab and future phases stay a field item.
Source: government filings, registered documents
MEDIUM
A sibling Wing B and a future commercial tower share this tower's basements, podium, parking and clubhouse
Marketed[MKT] the clubhouse and pools are marketed to Wing A buyers as if sole-use
DocumentedField-confirmed: Wing B's RERA is not yet filed; its plate is larger and it is expected to match or exceed this tower's height, with two of its three sub-wings facing the eastern seaboard. It is likely to remain under construction even after Wing A's OC. A small commercial plot at the cemetery corner is drawn on the master plan, which the developer says will be under ten floors (to be confirmed). Two common basements, the podium parking decks 1-10, the 11th/12th amenity floors and the clubhouse are drawn across both wings.
A Wing-A leaf cannot claim sole use of a clubhouse, pools and parking drawn across both wings, and Wing B is likely to be a live construction site next door even after this tower's OC. Find Wing B's RERA number and get the shared-amenity / parking split in writing before sealing the ratios.
Source: government filings, registered documents
LOW-MED
The developer's own taller Phase-2 tower will wall the north-west view at every floor once built
Marketed[MKT] no vista is marketed, so nothing is contradicted
DocumentedField-confirmed facings: north/north-east homes (units 1-4) look toward the Atal Setu and the eastern harbour, clearing above the ready L&T Crescent Bay cluster (50+ floors) - a genuine unmarketed aspect on upper floors; south homes (units 5-7) face the un-rehoused slum (open above today, redevelopment-block risk); west homes (units 9-10, habitable from the 1st floor) face the mid-rise Omkar Veda. The developer's own Phase-2 Wing B to the north-west is field-confirmed the same height or taller and will wall that arc at every floor once built.
No view is marketed, so this is a livability/resale note rather than a contradiction - but the north/north-east homes carry a real Atal Setu and harbour aspect, while the north-west is a future wall from the developer's own taller Wing B. Confirm the final storey counts to seal it.
Source: government filings, Rexray analysis
LOW-MED
The ICICI Rs.400 cr mortgage on sale units post-dates the title searches and Form B's 'free of encumbrances'
Marketed[REG] portal and disclosure agree the charge exists
DocumentedThe Rs.400 cr ICICI facility is secured by a mortgage over certain sale units registered 29/03/2026 - after the title report's CERSAI search (22/06/2025) and after Form B (18/12/2025) swore the land free of encumbrances. This is a CURRENCY gap, not a concealment: the charge post-dates the negatives.
Buyers should note the sale units carry a lender charge that will need a no-objection to release on sale, and that the title report's nil-encumbrance opinion is stale. A current CERSAI search is a cheap Phase-2 confirmation (C10 currency variant).
Source: registered documents, government filings
POSITIVE
The Worli-Sewri connector opens the eastern belt - ~11 min to access, ready before the building
Marketed[MKT] the belt's connectivity is the implicit selling point behind the launch wave
DocumentedThe Worli-Sewri connector's access point at Kidwai Marg is ~11 minutes from the plot and is expected to open in 2-3 years - ahead of this tower's 2031 possession. Once live it puts Worli 10-15 minutes away and the Atal Setu / Navi Mumbai airport corridor ~30 minutes away. It is the reason the whole Sewri belt is launching, and the timing (road before buildings) makes it a near-certain rather than speculative upside.
A high-magnitude locational upside with near-certain timing - the road lands before the tower does. It is the strongest positive on the leaf and belongs in the headline ranking even though it is favourable.
Source: Rexray analysis, secondary sources
RESOLVED
[RESOLVED] No exclusive lobby/foyer areas - only RERA decks; the restricted-common-area watch-item is closed
Marketed[MKT] not addressed
DocumentedField-confirmed: there are no exclusive lobby or foyer areas on the plate. The only additional area is the deck, which is disclosed and included in the RERA carpet (bucket 2, owned). The 'Total Area' / 'Exclusive Areas' watch-item is withdrawn - there is no legally-common space sold as private.
Resolved on field confirmation: only decks (RERA carpet), no enclosed exclusive common area. Not a finding.
Source: registered documents
Five questions to ask before you commit
  1. What is the current status of the two High Court matters asking that this plot be a recreation ground, and is there any order affecting construction on C.S. 437 and 440?
  2. The land is the municipality's and the BIT's, not yours - on what lease or conveyance, on what term, and when does the ground pass to the residents' society, and who bears any premium?
  3. The permission reaches only plinth - what is the superstructure Commencement Certificate position, and since the rehabilitation is off-site, is this sale wing's occupation tied to delivering and getting OC on those off-site tenements?
  4. About a third of a Rs.5 crore bare-shell price falls due before the eighth slab is cast - will you tie the payments harder to construction milestones?
  5. Which RERA number is Wing B, will it still be under construction after Wing A's occupation, and is the clubhouse, the pools and the podium parking shared with it and the future commercial tower - with the allocation, in writing?
Rexray — Real Estate X-Ray. This is a research view built from registered documents, government filings, and Rexray field analysis; it is not legal, financial, or investment advice. Verify every figure against the source documents before you transact.
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