Real Estate X-Ray

Sarkars El Dorado T1

P40

Thirty-year-old slum scheme, third developer, still at plinth. · RERA P51900079580 (Free Sale Wing)

Sarkars El Dorado T1 plot outlined on the Rexray View MapYour plot on the 2032 skyline · tap for context
Overall Score4.7/10as of 08/26

The drawings are good. The paperwork is not.

Flags
  1. The only construction permission covers plans since cancelled, and expired on its own face in October 2025.
  2. The land vests in the corporation and the improvement trust; the development agreement is unregistered.
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: Sarkars El Dorado T1 and its surrounding development modelled at 2032
Sarkars El Dorado T1 — 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 Sarkars El Dorado T1 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 commencement certificate issued against the plans sanctioned on 27 February 2025, and the revalidation of the October 2024 one. The certificate bound into my own agreement points at a plan the same authority cancelled, and its one-year validity ran out in October 2025.
  2. Thirty-five per cent of the price falls due sixty days after I sign, before any construction milestone. Your architect certifies ten podium levels and twenty slabs at zero. Will you re-link that instalment to a slab, and show me the programme and the funding plan for the Rs.186 crore still to spend?
  3. What is the sanctioned height of the slum-rehabilitation scheme on the land between this building and the water, and who is developing it? My living room, my deck and your hero photograph all face that way. And give me your naval no-objection, which governs how high this site may build.
  4. Two of your registered sales - one in March 2025 and another in February 2026 - both price below the government's own valuation of the same homes, and you paid the duty on the government's figure. Is any part of the consideration expected outside the agreement?
  5. Your schedule says my carpet area is 242.29 square metres and your own annexed floor plan says 274.73; your MahaRERA page says zero rehabilitation units and your sanctioned plan says 239. Which numbers govern, and confirm in writing which parts of the ground floor and the garden I share with the other wing.
Analyst's Read

nothing about the design or the entitlement is the problem: the index envelope is fully sanctioned and fully consumed, the floor numbering is honest, the unit plan matches the sale register floor by floor, the kitchens ventilate and the parking is self-park at 3.1 covered bays a home. The problems are time, money and paperwork: a scheme approved in 1996 that has lost two developers, a site at plinth with 11.7 per cent of a Rs.211 crore budget spent and no lender, and the only commencement certificate on file granted against a plan the authority cancelled four months later and valid for one year from October 2024.

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