Detailed Report · as of 09/26

Nakoda Mehta Sunshine Heights

A fully-sanctioned, ~86%-built cess redevelopment on eight amalgamated Girgaon plots. · RERA P51900045988 (A & C Wings) · P51900011526 (B Wing, sibling)

MahaRERA P51900045988 (A & C Wings) · P51900011526 (B Wing) · M/s Mehta Developers · Girgaon 400004

Overall Score5.0/10as of 09/26

Thirty-nine sanctioned floors, about 86% built on eight amalgamated Girgaon plots - but most of the homes are rehab, and a live mortgage sits behind a 'no-encumbrance' record.

Flags
  1. The MahaRERA record shows 'no encumbrance' while a live Capri Global mortgage and a 2020 CERSAI charge sit on the plot.
  2. The land does not vest in the developer - it builds on four of eight plots under three development agreements that are in no file.

The building itself is real and largely up, and the delivery path is clear - but the title is split across eight plots under three agreements no one in the file can read, the public record hides a live mortgage, and two-thirds of the homes are rehab woven through the sale wings. These are fundamentals to resolve, not finish-line details, which is why this is one to investigate rather than act on.

The five things that decide it
1The public record can't be taken at face value: it shows 'no financial encumbrance' while a live Capri Global construction mortgage and a separate 2020 charge both sit on the plot the flats stand on - and the land is split across eight parcels the developer builds on under three development agreements that appear in no file a buyer can read. The single thing to clear before paying.
2This is a majority-rehab building: 196 of the 311 homes in the A&C registration - nearly two-thirds - are rehoused cess tenants, stacked inside the same two sale wings and sharing their lift cores, lobbies and podium, at a floor space index of almost eight on a plot of about 2,600 square metres.
3There is no way to drive to your own car: every bay is machine-parked and lift-retrieved with no ramp anywhere on the plot, and on the retrieval model the system saturates at the morning peak, where a single fault locks every car in the building.
4The building is real and nearly up - a full commencement certificate covers all 39 floors, about 86 per cent of the structure is cast, and the rehab wing is already topped out; the open question is finishing, still at zero a year before the promised date, with the sale keys additionally gated on handing the rehab tenants their homes.
5Despite the 'open ocean' marketing this is not a views project: the lower and middle floors are walled by the project's own rehab wing and a tight, still-rising Girgaon cluster - Mitani Sky9 and Earth Enclave among them - with only the top floors on two arcs open, over stock the same redevelopment wave will take.
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

4.9/10Mixed

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

Clear Title4.5/10
Split title, three unseen agreements, a hidden mortgage
  • The land does NOT vest wholly in the developer: M/s Mehta Developers owns C.S. 466/467/487 and builds on C.S. 465 (K Merchant Construction), 488/489 (Harihar Himatlal Mehta) and 490 (Harshad Krishnakant Deo) under three Development Agreements (10/11/2016, 10/02/2017, 19/10/2019) that are recited in the title report + the agreement Schedules III/IV/VII and are NOT in the dump - the area-share split, rehab obligation and conveyance timetable live only there (FINDING 5, C06/C09).
  • Shukla & Associates (FORMAT-A, 02/06/2022) opine title clear and marketable, but it is a 2022 short form that pre-dates the 2023 Capri mortgage and the 2023/2026 amendments, and it carries NO devolution for C.S. 486 (which is in every approval and under the 2020 CERSAI charge) while Proforma A prices an untitled C.S. 485/A under 30(A).
  • Encumbrance: the portal 'Financial Encumbrance: No' is contradicted by a live Capri Global Capital mortgage (Deed 31/03/2023 BBE4-5077-2023 + Supplemental 24/04/2023 BBE4-6762-2023, promoter letter 04/05/2023) AND a 2020 CERSAI charge on C.S. 466 & 486 (FINDING 2, C10).
  • Cess/33(7) with MHADA NOCs recited not enclosed; no executed lease surfaced, so C03 renewal-premium appears N/A (re-test if the Estate No-Objection Certificate shows a lease).
  • Title re-read (file 01, 14pp): the 2022 Shukla FORMAT-A covers C.S. 465,466,467,487,488,489,490 (Annexures A-F) and NOT 486, NOT 485A - confirmed.
  • Ownership per report: 466/467/487 owned by Mehta Developers; 465 = K Merchant Construction (DA 10/11/2016 reg 6727/2016); 488&489 = Harihar Himatlal Mehta; 490 = Harshad Krishkant Deo.
  • The Development Agreements ARE recited inside the title-report annexures but the DA INSTRUMENTS are not in the RERA filings (Rexray field).
  • NO supplemental/updated title report exists in the standalone file; the agreement annexure title report is the same 2022 FORMAT-A.
  • Useful boundary facts: Mayureshwar Tower is on C.S. 484 (west of 465); Mumbadevi Co-op Hsg Soc building is on C.S. 464 (south of 465).
What to ask the builder
  • Ask for the three development agreements, the lender's permission-to-sell and a fresh charge search on all eight plots before you pay.
Understand “Clear Title” on the X-Ray page ↗
Delivery6.5/10
Fully sanctioned and nearly built - finishing is the risk
  • Delivery scores CERTAINTY, not build progress (C61).
  • Positive: the marketed 39-floor product sits INSIDE a sanctioned envelope with FULL Commencement Certificate to the 39th (FCC/5/Amend 02/06/2026) - no floors above sanction, no future-scheme floor area (FSI) contingency, and ~85.71% of the superstructure is already up.
  • Risk overlays: (a) TIMELINE - Form 1 (as-on 02/04/2026) reads 85.71% superstructure but 0% on every finishing activity (sanitary, lifts, lobbies, tanks, external plaster, fire-fighting) against a 09/04/2027 date - finishing a 39-storey bare frame in ~12 months (FINDING 10); (b) REHAB-GATED OC - on a 33(7) cess scheme the sale OC is gated on completing & handing over the 196 rehab tenements co-habiting A & C (C11); (c) split ownership under three ABSENT Development Agreements whose rehab/possession/area-share terms are unread (C06, GAP); (d) the Capri Global charge over the project.
  • Take the floor count from the sanctioned layout / full Commencement Certificate, not the portal's stale plinth-Commencement Certificate (C31/C34).
  • This is NOT a 'selling unapproved floors' delivery-certainty flag (the full Commencement Certificate landed); it is a finishing-timeline + rehab-gating read.
  • Sibling 'B' Wing (P51900011526, the rehab wing) reads as COMPLETE / topped out on Google Maps satellite+street, ~22-24 floors (counted off the image) - materially shorter than the 39F A&C sale wings, consistent with a rehab wing.
  • This de-risks the physical rehab build, but the 196-tenement VACATION & formal HANDOVER (which gates the A&C sale OC) is still to confirm.
What to ask the builder
  • Ask for the rehab-tenant hand-over status and a construction-linked, not calendar-driven, payment schedule.
Understand “Delivery” on the X-Ray page ↗
Developer Compliance4.0/10
A MahaRERA record wrong in five places
  • Unlike a clean portal, this record disagrees with the documents repeatedly (FINDING 8, C07/C60): (a) 'Financial Encumbrance: No' vs a live Capri Global mortgage + a 2020 CERSAI charge (FINDING 2); (b) the Parking Details table renders ALL ZEROS - degenerate, treat as ABSENT and fall back to the layout (C60), never read a shortfall out of it; (c) 'Commencement Certificate Issued up-to (No. of Floors): 44' misstates the true full-Commencement Certificate-to-39th position (the portal's own Commencement Certificate copy is the stale FCC/2 plinth letter); (d) 'Total No. of Rehab Units: 0' while 196 units are booked 'Land Owner/Investor Share (Not For Sale)' - the rehab count reconciliation (C52); (e) latitude/longitude both 0.000000 (no geocode).
  • Two status-form filenames name a different project ('Arihant Tower'), suggesting the promoter's filing process mixes projects (FINDING 9).
  • Reconcile each per the folder rule (document/drawing wins) and record the staleness as a compliance finding.
  • The RERA legibility/compliance SCORE is a hand-fed [REXRAY-FIELD] value, not computed here.
  • RERA legibility from Rexray field intelligence: the LAYOUT / plan disclosures are quite detailed and good; the TITLE documentation should have been more detailed (thin 2022 FORMAT-A, no 486/485A flow) - so legibility is layout-strong / title-weak.
  • Numeric legibility score still a Phase-3 hand-fed [REXRAY-FIELD].
Understand “Developer Compliance” on the X-Ray page ↗
Brochure-vs-Reality4.5/10
Ocean-view marketing a walled site can't support
  • [MKT] source: complex-level brochure (Mehta Group, houssed CDN, 'Khadilkar Street, Girgaum', covers A/B/C wings) + one marketing typical-floor-plan .webp - claims only, never used to verify a fact (rule 1).
  • Candidate lines to test in Phase 3: (a) the 'Nakoda Mehta' brand carries a party ('Nakoda' = the C.S. 467 land vendor) that is not a promoter (FINDING 5); (b) a landmark-residence framing vs a 63%-rehab 33(7) scheme where sale flats co-habit the rehoused cess tenants in the same wings (FINDING 1); (c) any marketed view vs a dense Girgaon infill whose low floors are walled by unknown-height abutters and whose sea aspect (if marketed) is upper-floor-only and unverified; (d) '180 covered car parks' vs a fully mechanised no-ramp automated system that saturates on the retrieval model (FINDING 3).
  • Locality itself is honestly marketed (Girgaum = registered locality; no C04 laundering).
Understand “Brochure-vs-Reality” on the X-Ray page ↗

Value

5.4/10Mixed

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

View4.0/10
Not a views project - walled low, cluster rising
  • OUT-OF-CORRIDOR (Girgaon), so View is PRELIMINARY by construction.
  • The subject was injected read-only into a temp run store (C43; master untouched, per outputs/discovered_p78.json) and raycast -> composite band 7, but that is a CORRIDOR-SCALE CEILING only: the authoritative registry holds no Girgaon obstructions, so the engine finds nothing near-field (the sole object returned is P31 Marathon Monte South 2.27 km NE, clearing above floor 67 = above this 39F tower's own top, irrelevant).
  • The REAL determinant is the near-field: a dense field of low-to-mid-rise cess buildings + scattered similar-height redevelopment towers across narrow local streets on all four sides, of UNKNOWN height - NOT entered as obstructions (C36: an unknown height fabricates a 150 m wall) - which wall the LOWER floors on every arc.
  • The podium is MODERATE (first home ~20 m, 4th floor), so low-floor obstructions are NOT neutralised (this is not a C27/C48 deep-podium case).
  • The upper floors (clearing the surrounding mid-rise) may open toward the W-SW Arabian Sea (Girgaon Chowpatty / Back Bay / Marine Drive ~0.6-0.9 km) - a real potential asset but a web/field-verify item (not web-generated here; Girgaon is a low-rise field with no single dominant tall blocker).
  • Directional map: N/E/S walled at low floors by immediate abutters (heights PENDING); W-SW possible upper-floor sea; all PENDING-verify.
  • Field intel (Rexray field): not a views project.
  • Tower C - east walled by Mitani Sky9 (east face is the lift/stair bank anyway), south walled by own B wing + Mayureshwar (C.S. 484) to ~22-24F, so a usable south/sea aspect only above ~22-24F; unit 2 (2BHK) west-facing into dense fabric.
  • Tower A - south at risk from cleared C.S. 463/464.
  • Brochure 'open ocean views' misleading except perhaps top floors, and unprotected.
  • VIEW HELD until Sky9 (P51900078858) + Earth Enclave are in the Girgaon set.
  • Raycast readout: C - S walled by own B wing below ~floor 23, NE/E threatened by Mitani Sky9 (125m) + Earth Enclave (124m) to ~full height, N/SE/upper open; unit-2 (2BHK) W-only is dense (engine shows open only because west low-rise unmodelled).
  • A - SW walled by B below ~floor 23, N threatened by Sky9, S at-risk from cleared C.S.463/464.
  • Not a views project; upper-floor open aspect on limited arcs only.
  • Stays REVIEW/DRAFT (out-of-corridor).
Nakoda Mehta Sunshine Heights — the plot and what surrounds it
Rexray View Map: Nakoda Mehta Sunshine Heights and its surrounding development
What to ask the builder
  • Ask the storey counts of Mitani Sky9 and the immediate neighbours, and from which floor the sea actually opens.
Understand “View” on the X-Ray page ↗
Layout & Living6.5/10
Compact, regular, ~84%-efficient plate
  • Layout-efficiency engine returns 84.0% on a base of 84% with no penalty flags: the governing 'C'-Wing typical plate (sheet 12/16, rendered 150 dpi) is a compact rectangular ~31.44 x 13.15 m double-loaded plate, 4 flats around a central core (3 lifts + fire-evac lift + 2 staircases + 2.16 m corridor), a regular envelope and no butterfly circulation - the four carpet areas 83.03/84.19/95.25/97.00 sqm against ~256 sqm plate BUA give ~85-88% carpet efficiency on the individual flats.
  • Mid-market 3BHK product (carpet ~890-1040 sqft).
  • Category REVIEW until confirmed against the registered the agreement carpet-vs-built-up schedule and a Rexray field intelligence plate confirm (field-confirmed).
  • Portfolio context: Crown 82%, SeaKrest 86.6%.
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 Area6.0/10
No exclusive-area grab on the plate
  • The governing 'C'-Wing plate shows four flats per floor around a CENTRAL common core (3 lifts + fire-evac lift + 2 staircases + a 2.16 m passage) drawn as common area, with no per-flat enclosed exclusive-use foyer carve-out visible -> no bucket-3 RCA finding on the plate.
  • Four flats per floor is the MULTI-flat configuration where BMC exclusive-lobby risk would rise IF an exclusive foyer were carved out - but none is drawn here.
  • Decks / service slabs / chhaja are normal separately-stated areas (bucket 2, not a finding).
  • C01 detection aid (diff the marketing key plan against the RERA/approved layout) is PENDING the registered the agreement First/Second Schedule carpet-vs-saleable breakup.
Understand “Non-RERA Area” on the X-Ray page ↗
Pricing5.0/10
A real rate, an unknown cash question
  • The registered first-sale the agreement (doc 17888/2026) gives a real rate: total consideration Rs 2,56,56,000 for RERA carpet 88.35 sqm / 951 sqft = ~Rs 2,90,390/sqm (~Rs 26,980/sqft) carpet, ~Rs 24,570/sqft on the 97.00 sqm built-up; stamp-duty market value Rs 2,56,17,081 corroborates.
  • Girgaon is OUT-OF-CORRIDOR with NO comparable in the Rexray set on this frontage - so per the [REXRAY-FIELD] rule the Girgaon/Khadilkar-Rd price band is a hand-fed input to be fed and ACCUMULATED for the next Girgaon subject.
  • Name the frontage (Khadilkar Rd / Girgaon 400004), do not re-charge risk scored elsewhere (delivery/title/parking) (C21).
  • Outstanding: the market comparable band, the cash-component question (surface it wherever the registered rate sits below the local band), the rate card across the unit mix, and bare-shell vs fit-out.
  • Reference unit ~Rs 2.57 cr sits BELOW the Rs 10 Cr finding gate. the agreement value (Rexray field Q): the registered first-sale the agreement consideration is Rs 2,56,56,000 (~Rs 27,000/sqft carpet) for a 34th-floor C-wing unit.
  • VIEW-PRICING INTERACTION: Tower C's south/sea aspect only opens ABOVE ~22-24F (clearing B wing + Mayureshwar), so a view premium is defensible only on high-floor C units - the registered reference sale sits above that threshold; low/mid C floors are view-blocked and should not carry a view premium.
  • Market band + cash component still [REXRAY-FIELD] PENDING.
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?
Understand “Pricing” on the X-Ray page ↗

Livability

5.0/10Mixed

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

Compound Density4.0/10
A majority-rehab building at floor area (FSI) near eight
  • DCPR 33(7) cessed-building redevelopment of 'Vohra (Bohra) Building' (486), 'Gurukrupa' (466), 'Ratan Niwas' (467), 'Kshatriya Bhuvan' (487) and a Bhuvan on 490.
  • Of this registration's 311 units, 196 (63%) are the Land-Owner/rehab share (Not For Sale) and 115 are the sale component (60 sold + 55 unsold) (FINDING 1).
  • The Proforma-B tenant-list sheets name each existing cess tenant, their MHADA-certified existing carpet, the DCPR-2034 rehab carpet and the exact flat & FLOOR they take in A or C - i.e. the rehoused tenants are INTERLEAVED into the same A & C sale wings, sharing the lift core, lobby and podium (C02/C51 same-building co-habitation -> feeds CCI), sharper than a separate-rehab-tower scheme.
  • Very high density: proposed BUA 20,744.80 on a net plot ~2,663.71 sqm = floor area (FSI) 7.79 consumed.
  • The 382-tenement Proforma figure is an ALL-WING total (incl.
  • B Wing, FINDING 4).
  • The rehab obligation / area-share / corpus terms live only in the three absent Development Agreements (GAP, C06).
What to ask the builder
  • Ask how the rehab and sale flats are distributed floor by floor across the two wings.
Understand “Compound Density” on the X-Ray page ↗
Neighbourhood4.0/10
A dense cess quarter mid-redevelopment
  • Static [GOV]/[REXRAY] from the block plan + boundaries: a mid-block Girgaon infill on narrow local streets (S Khadilkar Rd, W Sadashiv St, E Appasaheb Sathey Marg, N adjoining plot), in a dense low-to-mid-rise cess quarter where many neighbouring plots are themselves under cess/33(7) redevelopment (the ghar.tv/mappls search shows a field of small Girgaon redevelopment projects) - so multi-year concurrent construction on abutting plots is the nearest density/footfall/nuisance layer, and the four-side abutment means the immediate neighbours can redevelop taller over the hold.
  • On-ground SRD status / the 2032 area outlook pipeline is a hand-fed [REXRAY-FIELD] item for Phase 2. base_elevation 0 (flat coastal plain).
  • Very dense on the ground: active cess/33(7) redevelopment all around (Mitani Sky9 on the adjacent plot plus more rehab schemes and taller towers coming), lanes still very narrow, and ~15 min just to exit Girgaon in rush hour.
  • Multi-year concurrent construction on abutting plots is live, not hypothetical. field-confirmed negative density.
Understand “Neighbourhood” on the X-Ray page ↗
Peak-Hour Connectivity5.0/10
Twenty-six minutes to the coastal road
  • RHARC today (11am-weekday drive time from the Khadilkar Rd / Girgaon plot to the nearest coastal-road / Marine Drive on-ramp; the Coastal Road corridor is ~0.6-0.9 km west) is a hand-fed [REXRAY-FIELD] value; not in the dump (the RHARC engine needs a Google Maps key, not run at intake).
  • RHARC = 26 min (11am weekday to nearest coastal-road on-ramp), field-confirmed; the first ~15 min is often just getting out of the dense Girgaon lane network in rush hour.
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 Ventilation8.0/10
Kitchens vent to the outside
  • The governing 'C'-Wing plate (sheet 12/16, rendered image) shows the kitchens (2.75 x 2.75) positioned on the building perimeter with adjoining service slabs / 0.45 m chhaja and external walls - a confirmed exterior air path -> KVF PASS.
  • Caveat (REVIEW): at 150 dpi some core-side kitchens are not fully resolved; confirm every kitchen's openable-window / exterior path on a higher-resolution plate.
  • The flag is a rule sealed off the plan; the reference unit ~Rs 2.57 cr sits below the Rs 10 Cr gate so even a WARN would be a livability note, not a HIGH finding.
Understand “Kitchen Ventilation” on the X-Ray page ↗
Lift Wait6.5/10
Adequate lifts - Grade B to C
  • Lift core read from the governing 'C'-Wing plate (sheet 12/16): 3 passenger lifts + 1 fire-evacuation lift + 2 staircases.
  • Lift-wait engine across the luxury speed/capacity band (39 floors, 4 flats/floor, f2f 3.0 m, h80 ~110 m) -> interval 37.9-48.3 s, Grade B-to-C across the band -> SEAL conservative Grade B/C (robust B on the faster/smaller-car band, C only on the slow+large combination).
  • Reference sale unit ~Rs 2.57 cr sits below the Rs 10 Cr finding gate, so EWT is a livability note, not a price-gated finding.
Understand “Lift Wait” on the X-Ray page ↗
Water Adequacy5.0/10
Water clearance not in the file
  • The the building approval/HE-No-Objection Certificate water unit-count vs the registered unit count is not extractable from this dump - the building approval amendment LETTERS are present (337/6/Amend) but the HE-No-Objection Certificate water condition set is not, and the /5//6 plan sheets are absent.
  • Form-1 Table-B water-supply / sewerage / RWH items read 0% (yet to start).
  • The basement draws four sewage treatment plant units + fire/domestic/RWH tanks (sheet 2/16).
  • PENDING the building approval water / HE-No-Objection Certificate counts. the building approval check: the amended-plan the building approval letters (337/4/Amend 05/09/2023 and 337/6/Amend 18/02/2026) carry only the generic condition 'Extra Water/Sewerage charges at A.E.W.W.
  • D-Ward Office' - NO HE-No-Objection Certificate water unit-count.
  • The base the building approval (03/11/2012) conditions are referenced but not enclosed.
  • WAF water-count still PENDING (need the base the building approval / HE-No-Objection Certificate).
Understand “Water Adequacy” on the X-Ray page ↗
Parking3.0/10
Every car machine-parked, no ramp
  • Sealed off the rendered basement sheet (2/16) + section (14/16), read as images (rule 5b): parking is a FULLY MECHANISED automated system - two 'CAR PARKING SYSTEM' stacker blocks (6.95 x 7.30 and 6.95 x 9.80) drawn with cars stacked in elevation, a car lift and a 2.50 x 2.35 two-wheeler lift, and NO vehicle ramp anywhere (the earlier 2015-era set drew conventional bays with drive arrows - the mechanisation was introduced by the later amendment, FINDING 3).
  • ANCHOR = can you drive to your bay?
  • NO (machine-stored, lift-fed, no drivable ramp) -> tier E, alongside Imperial Worli (fully mechanised ~2.5-3).
  • The retrieval engine (180 four-wheeler bays, 311 families, 2 machines, ~19-level stack, cycle 90-180 s, peak 0.30-0.50) returns Grade A-to-D and SATURATES in the band -> SEAL conservative Grade D [whole-system-jam risk], retrieval-depth modifier -1 and a finding.
  • Proforma A: required 175 / provided 180 (+30 two-wheeler) - a 5-space margin that depends on the machine working.
  • The portal Parking Details table is ALL ZEROS = degenerate/ABSENT (C60), not a shortfall.
  • Softening caveat: 196 of 311 are rehab tenants (cess rehousing) with typically lower car-ownership, so the real-world peak is milder than a 311-family model - a Phase-2 field refinement.
  • Reference unit ~Rs 2.57 cr < Rs 10 Cr gate, so the E-tier/saturation finding is a livability note (MEDIUM), not a price-gated HIGH.
  • RAMP CHECK (Rexray field Q): confirmed from the sanctioned basement (sheet 2/16) + section (14/16) - there is NO vehicle ramp anywhere on the plot for any wing.
  • All car parking for all three wings is machine/lift dependent: the mechanised stacker tower (Proforma A: 'CAR PARK BETWEEN A AND C', 319.26 sqm) plus a small separate 'CAR PARK B WING' (111.06 sqm), both mechanised.
  • So A and C have no independent self-park ramp - tier E stands.
  • FIELD-CONFLICT to reconcile: the Proforma A BUA table labels the mechanised block 'between A and C'; Rexray field intelligence observes it on-ground sitting between A and B - a wing-lettering/orientation mismatch worth pinning on the site plan (does not change the tier-E anchor).
What to ask the builder
  • Ask whether a bay is deeded or licensed, the machine's uptime record, and whether a large car fits.
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 ↗
Community4.5/10
Sale homes among a rehab cohort
  • Community composition needs the price band + unit mix.
  • This is a 33(7) cess SOCIETY-style redevelopment where 196 of 311 units are rehab (existing cess-building tenants) and the sale flats CO-HABIT the rehoused tenants in the SAME A & C wings (shared lift core, lobby, podium) - a same-building rehab-cohort mix a sale buyer joins (C02/C51 co-habitation -> CCI), sharper than a separate-tower rehab scheme.
  • PENDING the pricing band + the DA rehab-tenant profile.
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

9 findings · severity-ranked

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

MED-HIGH
63% of the units are rehab, not sale, and the rehoused cess tenants are interleaved into the same A & C wings
MarketedLuxury sale residences at a Girgaon landmark
DocumentedThis registration's 311 units = 258 residential + 53 NR; 196 (63%) are the Land-Owner/rehab share (Not For Sale) and only 115 are the sale component (60 sold + 55 unsold). The Proforma-B tenant-list sheets rehouse the existing cess tenants of 'Vohra (Bohra) Building'/'Gurukrupa'/'Ratan Niwas'/'Kshatriya Bhuvan'/490-Bhuvan INTO specific flats & floors of the A & C sale wings, sharing the lift core, lobby and podium
A sale buyer joins a 63%-rehab 33(7) scheme where the rehoused cess tenants are stacked inside the same sale wings, sharing the core, lobby and podium - the same-building sale/tenant split, not a separate rehab tower.
MED-HIGH
The portal says 'no encumbrance' while a live Capri Global mortgage and a 2020 CERSAI charge both sit on the plot
MarketedPortal 'Do you have Financial Encumbrance: No'
DocumentedThe portal records no financial encumbrance, but the promoter's own 04/05/2023 letter and the agreement recitals disclose a two-instrument Capri Global Capital construction-finance mortgage (Deed 31/03/2023 + Supplemental 24/04/2023, both registered), and the recovered CERSAI report shows an earlier separate security interest created 18/01/2020 (registered 25/02/2020) over C.S. 466 & 486. The portal even files a 'DECLARATION ABOUT NON-ENCUMBRANCES.pdf' against the live charge
The portal hides a live registered mortgage over the plot the flats stand on - trust the documents; get the two Capri Global deeds, the lender's permission-to-sell / unit-release mechanism, and a fresh CERSAI search before pricing.
MED-HIGH
The plot schedule does not reconcile: split ownership under three unseen Development Agreements, an untitled plot in the approval, and a plot priced with no title
MarketedA single Girgaon landmark on an amalgamated plot
DocumentedThe developer owns only C.S. 466/467/487 and builds on C.S. 465 (K Merchant Construction, DA 10/11/2016), 488/489 (Harihar Himatlal Mehta, DA 10/02/2017) and 490 (Harshad Krishnakant Deo, DA 19/10/2019) under three Development Agreements NONE of which is in the dump; C.S. 486 has NO title flow in the title report yet is in every approval and under the 2020 CERSAI charge; and Proforma A prices a C.S. 485/A under 30(A) that appears in neither the title report nor the Commencement Certificate. C.S. 467 was bought from Nakoda Developers for Rs 25 lakh + 618.52 sqm constructed area
The land does not vest wholly in the developer - it builds on four plots under three area-share agreements no one in the file can read, one plot in the approval has no title flow, and another is priced with no title - the whole entitlement split lives in the absent DAs.
MEDIUM
Parking is a fully mechanised, lift-served automated tower with no ramp, and the retrieval model saturates
Marketed180 covered car parks
DocumentedThe governing basement sheet draws two automated 'CAR PARKING SYSTEM' stacker blocks + a car lift + a two-wheeler lift with NO vehicle ramp anywhere; the section draws the parking as a ~stacked-car shaft in a 58.20 m tower between the wings. You cannot drive to your bay (tier E). The retrieval engine (180 bays / 311 families / 2 machines) saturates in the peak band (Grade D, whole-system-jam risk). Supply is 180 vs 175 required - a 5-bay margin dependent on the machine working; the portal Parking Details table is all zeros (degenerate/absent)
Every car is machine-parked and lift-retrieved with no drivable ramp, and the retrieval model jams at peak - so parking is a structural livability compromise (fault = all bays locked), softened only by the likely lower car-ownership of the rehab tenants.
MEDIUM
Superstructure is ~86% built but every finishing activity is 0% a year before completion, and the sale OC is gated on the rehab tenements
MarketedPossession by April 2027
DocumentedThe architect's latest Form 1 (02/04/2026) certifies 85.71% of the superstructure but 0% on every finishing activity (sanitary, lifts, lobbies, tanks, external plaster, fire-fighting) - roughly 34 of 39 floors framed, nothing finished - against a 09/04/2027 completion never revised. Build-rate ~19 pp of superstructure per half-year. On a 33(7) scheme the sale OC is additionally gated on completing and handing over the 196 rehab tenements
The frame is nearly up but the fit-out has not started twelve months from the promised date, and on a 33(7) scheme the sale keys also wait on the rehab tenements being finished and handed over - a finishing-timeline plus rehab-gated-OC read, not a sanction problem (the full Commencement Certificate is in hand).
MEDIUM
The MahaRERA record is unreliable in five places on this project
MarketedAn Active MahaRERA-registered project
DocumentedBeyond the encumbrance contradiction (MSH-floor 02): the Parking Details table renders all zeros (degenerate/absent, C60), the 'Commencement Certificate Issued up-to 44 floors' line misstates the Commencement Certificate (MSH-floor 06), 'Total Rehab Units: 0' contradicts the 196 units booked 'Land Owner Share (Not For Sale)' (C52), latitude/longitude are both 0.000000, and two status-form filenames name a different project ('Arihant Tower')
The portal cannot be taken at face value on this project - encumbrance, parking, Commencement Certificate extent, rehab count and geocode are all wrong or blank - so every figure must be read off the documents/drawings, not the record.
LOW-MED
The sanctioned plan set in the file is two amendments behind the latest MCGM approval
MarketedThe current sanctioned design
DocumentedThe best drawings in the dump are file 337/4/Amend (05/09/2023); the latest approval letter is 337/6/Amend (18/02/2026), and NO plan sheets exist in the dump for either the /5/ or /6/ amendment - only the letter. The the building approval chain is base 03/11/2012 + five amendments (27/11/2014, 22/08/2016, 16/04/2021, 05/09/2023, 18/02/2026), a much-revised sanction. The full Commencement Certificate (FCC/5/Amend) does cite the 18.02.2026 plan, so the newest design is sanctioned and built-to - only its sheets are missing here
The newest sanctioned drawings (two amendments on) are not in the file, so any design detail must be read off the 2023 set with the caveat that the 2026 amendment sheets - which the current Commencement Certificate is built to - are unseen.
LOW
The portal's own Commencement Certificate copy is four years stale; the real position is a full Commencement Certificate to the 39th floor
MarketedPortal shows a 2022 plinth-level Commencement Certificate and 'Commencement Certificate up-to 44 floors'
DocumentedThe MahaRERA portal's Commencement Certificate copy is the stale FCC/2/Amend (02/05/2022, 'plinth level for Wing A & C'), and its Building-Details 'Commencement Certificate Issued up-to 44 floors' misstates the count. The registered the agreement annexure carries the real chain up to FCC/5/Amend (02/06/2026), which extends the Commencement Certificate to the top of the 39th floor of 'C' Wing - full Commencement Certificate for the entire work, valid to 24/03/2027 (four years newer than the portal copy)
Do not read the portal's plinth-only Commencement Certificate as the live position - the agreement annexure shows a full commencement certificate to the 39th floor obtained in June 2026; the portal record is simply stale.
LOW
A sibling registration shares this plot, this Commencement Certificate and this plan set - read the wing scope carefully
MarketedOne project
Documented'B' Wing is the separate MahaRERA registration P51900011526 (completion 29/12/2025) on the same plot, under the same Commencement Certificate chain and the same 16-sheet plan set. Three of the sanctioned sheets (9,10,15) are B Wing and do not describe this registration; Proforma A's per-wing BUA table (A 16,249.98 / B 7,495.68 / C 15,980.72) and its '382 tenements proposed' are ALL-WING figures, against this registration's 311 units
This leaf is the A & C registration only; the B-Wing sibling shares the plot, Commencement Certificate and plan set, so the all-wing Proforma totals (382 tenements, per-wing BUA) must not be read as this registration's, and the sibling's on-ground status is a delivery cross-reference.
Five questions to ask before you commit
  1. The three development agreements (C.S. 465, 488/489 and 490): what is the area-share split, the rehab obligation and the conveyance timetable, and who controls the sale flats?
  2. The two Capri Global deeds and the lender's permission-to-sell - plus a fresh charge search on all eight plots, especially C.S. 486 and 466.
  3. A supplemental title report covering C.S. 486 (which has no title flow today) and explaining C.S. 485A, priced in the approval but absent from the title.
  4. What share of the price is cash? The registered rate sits well below what a high floor on this frontage should fetch.
  5. Are the 196 rehab tenants finished and handed over? The sale occupancy certificate depends on it.
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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