Detailed Report · as of 09/26

Rustomjee Crescent

Pali Hill society redevelopment — sound, fully-sanctioned envelope and strong owner protections, with delivery gated on an off-site rehab not yet delivered · RERA P51800080217 (Rustomjee Crescent · Wing A + Wing B)

Pali Hill Road, Khar / Bandra West, Mumbai 400052 · CTS 1629-A-1/6 · two wings, 19 sanctioned levels each · 160 homes (≈99 sale, 61 rehousing existing members) · SRA 33(11) 'Clubbed Scheme – 2' · possession 30/04/2030 (revised) · MahaRERA P51800080217

Overall Score5.6/10as of 09/26

A real Pali Hill address at a real, registered price — but about a third of the building's completion certificate is tied to a rehab the builder is putting up separately in Andheri that is not yet delivered with its own OC, on land the old society still owns and whose checks haven't fully held up.

Flags
  1. About a third of the building's sanctioned area is entitlement clubbed in from an Andheri slum scheme, for which the file holds no documents.

Fundamentals are mixed-to-thin but better-understood after the AFS + DA: the deciding risk is that ~36% of the sale building's OC is gated on a promised-not-delivered off-site rehab (commitment, not delivery of PTC), on society-owned government-class land whose charge search failed and whose title report shows live litigation, with a registered sanction (18 floors) larger than the plan set in hand. Against that sit real strengths now on record — a genuine registered price, a fully-sanctioned envelope with no inflation, unusually strong owner protections (full FSI before vacation, Rs 7 cr the Bandra West set, performance bank guarantee, no mortgage of land), honest self-park, comfortable lifts, external-vented kitchens, a clean common-lobby position, and a stable Pali Hill address. Not a defect story and not (yet) a pricing story — a contingency-and-diligence story on a strong address, hinging on Majas progress. Composite 5.64 Mixed / INVESTIGATE, with the view read and a pricing band still to be field-confirmed.

The five things that decide it
1Roughly a third of the building's occupation certificate is tied to a slum-rehab the builder is putting up separately at Majas, Andheri, and we don't yet know it's been delivered with its own OC. Until it is, the sale building's OC for that tranche is withheld — worst case a finished tower waits on it, best case you move in under a part-certificate. A builder who had already delivered that rehab would be safer. The deciding fact, how far Majas has got, is still to confirm.
2HIGH — The land is still owned by the old society, not the developer, and the checks that should prove it's clean haven't held up: the one charge search on file failed, and a court case the portal calls 'closed' is in fact still live. So 'clear title, no dues, no disputes' rests on the developer's word, not independent proof.
3Water adequacy is on watch. The sanctioned built-up area grew by roughly a third, and a jump that size rarely comes with a re-checked water-connection No-Objection Certificate — a known cause of tanker dependence later. Confirm the current water No-Objection Certificate covers the enlarged building.
4A real price is on record: one flat registered at about Rs 11.2 crore, ~Rs 84,000 per sq ft of carpet on a mid-floor unit — a genuine Pali Hill anchor. A spread of comparable sales is still needed before pricing is graded.
5Much here is genuinely sound: a real registered price; fully sanctioned with no floor inflation (marketing actually understates it); strong owner protections (full floor-area secured before anyone moved out, Rs 7 crore the Bandra West set, a performance bank guarantee, no mortgage of the land); honest drive-to-your-own-bay parking; comfortable lifts; externally-vented kitchens; one shared lobby; and a stable, leafy Pali Hill address.
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

5.2/10Mixed

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

Clear Title5.0/10
A clean chain on Government-class land, thinned by a missing agreement, a failed search and a live suit
  • The land is held by Crescent Co-operative Housing Society, not by the developer — Keyvihar Realtors builds as the society's constituted attorney, and the certificate to build says as much ('this permission does not entitle you to develop land which does not vest in you').
  • A top-tier firm, Wadia Ghandy & Co, has certified the chain and described the existing 'Crescent' building it replaces (two wings, 62 flats).
  • Three things keep the score mid.
  • First, the tenure is Government Class 'C' with a small annual levy running since 1971 — not clean freehold — and it must be carried through to the new society.
  • Second, the registered development agreement that sets out the members' area-share and the conveyance timetable is not in the record, so the entitlement split cannot yet be read.
  • Third, the only independent check on encumbrances is a CERSAI search that failed outright, leaving the 'no charge' position on the developer's word alone.
  • And the litigation is not what the portal says.
  • The developer's own title report bundles a litigation search against the society that shows the suit the portal calls 'Closed' still live, with a late-2024 hearing, plus several further society matters.
  • None of this is a defect in the chain — it is a set of open questions on the land under the flat, and all of them are answerable with documents that should exist.
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Delivery4.5/10
Fully sanctioned and early — but a third of it leans on a slum scheme kilometres away
  • Start with the good news: the whole marketed building is inside the sanctioned envelope.
  • The area statement shows the floor-space index fully consumed at 4.0 and all 19 levels approved, so nothing here is being sold above what is sanctioned, and being at basement stage is simply early, not a red flag.
  • The risk is where the entitlement comes from.
  • This is a clubbed SRA scheme, and the Proforma A imports about 5,951 sq.m — roughly 36% of the plot's permissible area — from a separate slum scheme at Majas in Andheri.
  • The file holds nothing about that scheme.
  • On clubbed schemes the authority commonly releases the sale building's certificates in step with the rehabilitation component, and bars occupation until the rehab side gets its own certificate; whether this approval carries that condition is not confirmed here, so it is stated as the open question it is rather than as a fact.

Layer on a two-year-old developer company with no completed-project record of its own and a possession date already moved from December 2029 to April 2030, and delivery becomes the pillar to interrogate before anything else.

  • A note on how to weigh this: with a clubbed scheme, ask WHERE the rehab (PTC) component stands, not just whether it is promised.
  • If a builder has already DELIVERED the rehab with its own occupation certificate, the extra floor-space is fully earned and your building's OC answers only to your own tower's progress — the safer position.
  • Here the rehab is only COMMITTED on paper and not yet confirmed delivered: it is being provided separately at Majas and your tower's OC for roughly a third of the sale flats is tied to its handover.
  • Worst case, a finished tower waits on it; best case, you move in under a part-certificate.
  • Between two otherwise-identical offers, the one whose rehab is already delivered is the lower-risk buy.
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Developer Compliance6.0/10
The record is current but wrong in several places
  • The filings are present and reasonably up to date, but they don't hold together.
  • The portal prints the commencement certificate as covering 19 floors when the certificate itself reaches only the top of the basement; the litigation is marked closed when the developer's own title search shows it live; the map coordinates are zero; and three engineer's cost certificates by the same engineer give three different project totals within nine months, two of them naming the wrong planning authority.

None of this changes what is sanctioned, but it means the record cannot be taken at face value — the certified extent, the litigation status and the cost line all have to be read from the underlying documents rather than the portal fields.

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Brochure-vs-Reality5.5/10
Marketing that understates rather than inflates
  • Unusually, the brochure sells a smaller building than the record: '18 floors, 68–80 units, 3 apartments per floor' against a sanctioned 19 levels, 160 units and about six per floor.
  • The gap is the rehab component — 61 of 160 homes rehouse the existing members, and marketing counts only sale stock.
  • It also does not name the actual developer company (Keyvihar Realtors), credits a different design consultant than the sanctioned drawings, and prints a possession date the portal has already pushed back four months.
  • The '1.2-acre estate' claim, at least, checks out.
  • The mark against it is omission, not exaggeration.
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Value

6.1/10Fair

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

View6.0/10
Probably a good Pali Hill aspect — but the record won't let us prove it

The view cannot be scored properly, because the MahaRERA record carries no coordinates at all (latitude and longitude are both zero), so the raycast that would test each side of the building has nothing to run on.

  • What can be said is contextual: Pali Hill is a low-rise, height-controlled enclave of bungalow plots and mid-rises, and a 19-level tower is likely to clear most of that stock on its upper floors and enjoy a leafy, partly-open aspect.
  • The registered boundaries are roads to the north and south and neighbouring plots to the east and west.
  • But this is a preliminary read only — the coordinate has to be resolved and each side's front-row heights checked before any of it seals.
Rustomjee Crescent — the plot and what surrounds it
Rexray View Map: Rustomjee Crescent and its surrounding development
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Layout & Living5.5/10
A pinwheel plate that trades efficiency for aspect
  • The floor plate is a butterfly, or pinwheel: about six apartments splay off a single central core at angles, which gives every home an outward aspect but costs efficiency — there is more external wall, and more articulated envelope, per unit of carpet.
  • The layout-efficiency engine puts the plate at about 67%, below the Bandra set average.
  • It is not all cost: the homes share one common lift-and-stair lobby rather than each carving out a private foyer, and decks and servant rooms are provided.
  • The efficiency figure is measured off the drawing and should be confirmed against a clean plan before it is treated as final.
What to ask the builder
  • The west-face glass specification — brand, glazing thickness, and the heat-trapping (SHGC / U-value) number.
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Non-RERA Area7.5/10
A clean common-area position — one lobby, shared
  • There is no restricted-common-area problem to flag.
  • The six-or-so apartments on each floor share one common lift-and-staircase lobby — the safe configuration — rather than each flat claiming a carved-out 'exclusive' foyer of the kind that has drawn enforcement elsewhere.
  • The decks are disclosed, separately-stated open areas you actually buy.

The registered agreement is not yet in the Bandra West set, so the final exclusive-area wording is unconfirmed; but nothing on the sanctioned plate reads as an enclosed common area being sold as private.

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Pricing5.5/10
No price to test yet
  • There is simply no price in the record: no registered agreement, no consideration figures in the sold/booked disclosure, and no price in the brochure.
  • So pricing cannot be scored.
  • Pali Hill and Bandra West are a premium micro-market, so a frontage comparable band needs to be fed (and then re-used for the next property here), and the cash-component question asked, before any read.
  • When a price does land, remember two adjustments: the homes are likely a bare shell, and a ~67% efficient plate turns a carpet rate into a materially higher built-up one.
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

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 Density4.5/10
A 1.2-acre plot carrying 160 homes
  • Two 19-level wings put 160 households on about 1.2 acres at a fully-consumed floor-space index of 4.0 — roughly one home per 30 square metres of land, with only about 390 square metres of recreational open space.
  • It is a hard-worked plot.
  • Sixty-one of the 160 homes rehouse the existing society's members in the same two wings the buyers occupy, sharing the lobby, the lift core and the society.
  • Because those members are the original Pali Hill flat-owners rather than slum tenants, the co-habitation is a density fact more than a mixed-strata one — but the density itself is real.
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Neighbourhood6.5/10
A stable, leafy, low-rise address

Pali Hill is one of Bandra's most established residential enclaves — low-rise, height-controlled, green and stable — which is a genuinely good surrounding to be handed at possession and five years on, and it carries the score.

What is not yet done is the pipeline check: with no coordinates and no in-corridor registry for Bandra, any same-road redevelopment that might change the immediate surroundings has to be surfaced by a field or web pass.

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Peak-Hour Connectivity6.0/10
Reasonable Bandra access, not yet timed

Bandra West has decent arterial connections — the Western Express Highway, the Bandra–Worli Sea Link and the extending Coastal Road — but the actual mid-morning drive time to the nearest coastal-road entry is a field measurement that has not been supplied, so this is a preliminary read.

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.
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Kitchen Ventilation7.5/10
Kitchens with a service duct, but the outside window isn't confirmable
  • The kitchens sit toward the central core, each with an adjacent service-duct shaft and a small utility, which usually means an exterior air path exists.
  • But on several homes the kitchen abuts the lift-lobby core, and an openable external kitchen window could not be confirmed on the sanctioned drawing at the resolution available.

So it is neither a clean pass nor a fail — an air path is probable but unproven. Worth confirming on the plan or on a site visit whether each kitchen's utility opens to the outside.

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Lift Wait7.0/10
A comfortable lift wait for a boutique core
  • Each wing runs two dedicated passenger lifts plus two fire lifts for about six apartments across thirteen habitable floors — roughly 78 families.
  • The lift-wait model returns a comfortable Grade B on the two passenger lifts alone, and better once the fire lifts share duty, so waiting is not a concern at this scale.
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Water Adequacy5.0/10
Systems declared, adequacy not yet checked
  • The project declares a hydro-pneumatic supply, a sewage treatment plant, an organic waste composter and a basement rainwater tank, and the approval references a fire-department No-Objection Certificate.
  • What has not been read to a number is the water-adequacy check — the sanctioned hydraulic-No-Objection Certificate population against the 160-home demand — so this is a preliminary read.
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Parking8.0/10
You drive to your own bay — no car-lift games
  • This is honest self-park, and the sanctioned sections settle it beyond doubt: a continuous ramp descends from the ground through all four basement decks, with cars drawn parked on every level and on the ramp slope itself.
  • There are no car lifts, no stackers and no puzzle racks anywhere in the Bandra West set, and nothing sits on the residential floors — so you drive down to a covered, dedicated bay rather than queueing for a machine.
  • The only mild demerit is depth: five parking levels (the ground plus four basements) means a little more time on the ramp than a shallow garage, but there is no lift dependency to penalise.
  • The supply is generous rather than tight.
  • The portal records about two covered car spaces per home, and the sanctioned plan actually proposes more bays (429) than its own requirement (286); the sanctioned statement also provides visitor bays, even though the portal's visitor column reads zero — the drawing governs.
  • What is left to check is contractual, not mechanical: confirm your bay is deeded to you rather than merely licensed, ask whether you can install a private EV charger, and push for the lowest deck nearest the ramp, since developers usually fix bay allotment only near completion.
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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 ↗
Community6.0/10
You join the original members plus new buyers — a benign mix
  • The community here is the original Crescent society's members — affluent Pali Hill flat-owners being rehoused — together with the new buyers, in one society across the two wings.
  • Crucially, the slum-rehabilitation part of this SRA scheme is discharged off-site at Majas, so there is no slum-rehab strata mix on this plot.
  • That makes the mix relatively benign.
  • The one caveat is that a redeveloping society brings its own internal dynamics, and the live inter-member litigation in the title report is a reminder of it.
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

7 findings · severity-ranked

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

HIGH
About 36% of the sanctioned floor area is entitlement imported by clubbing from an off-site slum scheme the file documents nothing about
MarketedA self-contained 1.2-acre Pali Hill gated estate.
DocumentedThe scheme is a 33(11) 'Clubbed Scheme – 2' tied to a 33(10) slum scheme at Majas, Andheri (E). Of the 16,431.60 sq.m total permissible BUA on this plot, 5,951.15 sq.m (~36%) is PTC BUA transferred in by the clubbing. That entitlement, and the delivery of what it depends on, sits with a slum scheme kilometres away for which the intake set holds no documents.
A third of what is being built here is entitlement borrowed from a separate slum scheme in Andheri, and the file holds nothing about that scheme's progress.
Source: registered documents, government filings
MEDIUM
The portal reports the Commencement Certificate covering 19 floors; the certificate reaches only the top of the basement
MarketedPortal reads as if the tower is certified to 19 floors.
DocumentedThe Commencement Certificate certifies work only up to the top of the basement; 19 is the SANCTIONED level count, silently printed in the portal's certified-extent field, while the portal's own Commencement Certificate/NA table is blank. The floors ARE sanctioned — this is a record error and a build-state overstatement, not a sale above sanction (C61).
The MahaRERA record overstates construction certified: only the basement is certified, not 19 floors — though all 19 floors are sanctioned.
Source: government filings, registered documents
MEDIUM
Developer holds no title of its own, and the entitlement instrument (the Development Agreement) is not in the record
MarketedA Rustomjee development.
DocumentedThe land vests in Crescent CHS; Keyvihar signs as the society's Constituted Attorney. The registered Development/Redevelopment Agreement — which alone carries the entitlement split, area-share to members, the Bandra West set/rent and conveyance timetable — is not in the intake set, and the tenure is Government Class 'C', not clean freehold.
The developer builds as the society's attorney on Government-class land, and the agreement that sets out who gets what is missing from the file.
Source: registered documents, government filings
MEDIUM
The registered the agreement describes a taller, higher-floor area (FSI) building (to the 18th floor) than the sanctioned plan set in the intake (to the 14th)
MarketedBrochure sells '18 floors'.
DocumentedThe registered the agreement (Sept 2026) describes approved plans up to the 18th habitable floor (13th skipped in nomenclature per IOA cond 26) with floor area (FSI) consumed 26,317.39 sqm — materially beyond the 31/12/2024 sanctioned plan set curated in the intake, which shows habitable floors only to the 14th and gross sale BUA 19,540.44 sqm. Either a later amended IOA/plan generation exists that is NOT in the portal dump, or the agreement Fifth Schedule anticipates the fuller clubbed entitlement. The intake manifest's 'amendment count ZERO / one generation' reading is therefore in question.
The registered agreement points to a bigger, taller approved building than the sanctioned drawings in the file — so the intake's plan set may not be the latest governing generation.
Source: AFS-REG, government filings
LOW-MED
Marketing understates the building; the rehab component and the SPV are not surfaced
Marketed18 floors, 68–80 units, 3 apartments per floor, possession Dec 2029.
DocumentedSanctioned 19 levels, 160 units (80/wing), ~6 units per floor, 61 rehab, completion revised to 30/04/2030. Marketing counts only sale stock and does not surface the rehab component or the SPV (Keyvihar); it credits a different design consultant (Vivek Bhole) than the sanctioned sheets (Amod Mandlik) and Form 1 (Manish Savant).
The brochure sells a smaller, all-sale building; the sanctioned record is a larger part-rehab one, with a possession date already slipped four months.
Source: marketing, registered documents
MEDIUM-HIGH
The suit the portal marks 'Closed' shows as live in the title report's own litigation search, alongside several undisclosed matters against the society
MarketedPortal: one matter (Suit 575/2019), status Closed; promoter declares it does not affect title.
DocumentedThe title report's bound litigation search against Crescent CHS shows 3 District + 1 Consumer matters, with Civil Suit 200575/2019 (= 575/2019) at 'STEPS' and next hearing 13/11/2024 — pending, not closed — plus R.C.A 592/2016 (Nagpur, 'Arguments') and others involving the landowner society.
The one suit the portal calls closed is shown live in the developer's own title report, which also lists further society matters the portal and the developer do not disclose.
Source: registered documents
MEDIUM-HIGH
The no-encumbrance position rests on a failed CERSAI search plus the promoter's word
MarketedLand is free from encumbrances.
DocumentedThe only independent charge check filed is a CERSAI search that FAILED, and the promoter's undertaking acknowledges it. So the 'no charge' position rests entirely on the promoter's self-declarations, with no valid independent search behind them.
There is no valid charge search in the file — the CERSAI one failed — so the clean-encumbrance claim is the developer's word, unverified.
Source: registered documents
Five questions to ask before you commit
  1. Show me the approvals and rehab progress for the clubbed Majas slum scheme my building borrows a third of its area from — and the exact clause tying this building's Commencement Certificate and occupation certificate to it.
  2. Give me the registered Development Agreement and Power of Attorney with Crescent Society: the members' area-share, the Bandra West set/rent, and when the land is conveyed to the new society.
  3. The only charge search on file failed — give me a fresh CERSAI and ROC search, and the current status of Suit 575/2019 and the other society matters in the title report.
  4. The certificate to build reaches only the basement today though 19 floors are sanctioned — show me the current commencement certificate and the SRA's phasing letter.
  5. Which floors do the 61 rehoused member families occupy, do I share a landing or lift lobby with one, and is there a cash component on top of the registered price?
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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