Real Estate X-Ray

Raheja Modern Vivarea

P25

Byculla-division mill land marketed as 11 Racecourse; part-occupied · RERA P51900034289 (North Tower) · P51900034288 (South Tower)

Raheja Modern Vivarea plot outlined on the Rexray View MapYour plot on the 2032 skyline · tap for context
Overall Score6.5/10as of 08/26

The view is real. The railway that protects it is in none of the pictures.

Flags
  1. The land still vests in the landowner, and no clear-and-marketable opinion post-dates the 2022 mortgages.
The 5 things that decide it tap to jump
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 →
The plot & what surrounds it — at 2032
Rexray View Map: Raheja Modern Vivarea and its surrounding development modelled at 2032
Raheja Modern Vivarea — plot boundaryResidentialCommercialFuture confirmed development (layout speculative)Existing Building
Rexray View Map — every surrounding mass is modelled from sanctioned or filed data at possession-horizon build-out. The red boundary marks the Raheja Modern Vivarea plot; the coloured blocks around it are the neighbouring residential, commercial, and rehabilitation development at build-out. This is the density the Livability score is measuring.

Pillar scores are provisional roll-ups derived from the 16 attribute scores · FVL numeric scoring pending across all properties

Five questions to ask before you commit
  1. Show me a title opinion issued after 25 March 2022 that addresses the two mortgages — the one on file predates them by a month and the 2024 supplemental does not re-opine.
  2. Both towers are topped out, so the 2011 suit seeking to bar construction above the fourth floor has nothing left to restrain — what is its current status, and are the parties settling it?
  3. Produce the revised environmental clearance the August 2024 approval requires, and confirm the building permission has been re-endorsed since it lapsed on 21 June 2025 — both stand between the south tower and its occupation certificate.
  4. The two fire lifts do run in passenger service, so five lifts serve three homes a floor — now show me the lift schedule with rated speeds and car capacities, which appears in none of the drawings.
  5. Will you specify the parking bay — level and number — in the agreement, and grant a written right to install a charger at it? Right now the bay is licensed at your discretion and the agreement is silent on charging.
Analyst's Read

The fundamentals are unusually solid for the Byculla-Mahalaxmi set: freehold land with a traceable chain, floor space index fully sanctioned and fully consumed, a full building permission for both towers and both towers topped out and a real occupation certificate on the north tower's lower 23 floors. There is no rehabilitation mass, no contingent volume and no off-site obligation gating anyone's keys. The marketed view is genuinely protected by a railway corridor and a statutory setback. What holds it back is documentary rather than physical: the land does not vest in the developer — it holds an unconveyed 2017 agreement for sale whose 2024 amendment, price and entitlement split are all undisclosed — and no clear-and-marketable title opinion exists after the two mortgages were created, the governing building permission lapsed on its face in June 2025, and a required environmental clearance was still an open condition in the approval that permission rests on. Each is answerable with a document.

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Rexray — Real Estate X-Ray · rendered from the registered-document analysis the chat and X-Ray page read.
Source tags — REG registered docs · GOV government · REXRAY field intel · SEC verified secondary · MKT marketing (documents claims, never verifies).
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