7 Kolgaon-Phase-1
Project RERA record · Mumbai, Thane & the MMR
Crown
Developer in insolvency (NCLT)
Developer in insolvency (NCLT). Raigarh · Mauje Khandad
Developer in NCLT insolvency proceedings
The promoter/developer of this project is in NCLT insolvency proceedings. This is one of the highest-risk flags for a buyer awaiting possession — verify the current legal status and any IRP (Insolvency Resolution Professional) order before any transaction.
Crown appears on MahaRERA's NCLT list — the promoter is in insolvency proceedings before the National Company Law Tribunal. For buyers awaiting possession, this is the highest-risk flag on the register: an IRP (Insolvency Resolution Professional) controls the company and any construction or handover depends on the outcome of the resolution plan. Verify the current NCLT order status before making any payment or transaction.
On the regulator's record
- 24 quarterly reporting periods on MahaRERA's compliance schedule — no QPR default flagged
- 5 complaints filed with MahaRERA against this project
- 70 of 249 units sold, per the builder's RERA filing
Source: MahaRERA public project record.
Other RERA-registered projects in Alibag
What to verify (NCLT insolvency)
- Check the IRP/Resolution Professional's name on the NCLT cause list and contact them for a project status update.
- Verify whether a Resolution Plan has been approved — the IRP's report is filed with NCLT and is public.
- Look for a homebuyers' association for this project — allottee groups have legal standing in insolvency proceedings.
- Consult a RERA or IBC advocate about your rights under Section 7 IBC or Section 18 RERA for possession or refund.
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- 🔴 Promoter flagged for insolvency (NCLT) on the MahaRERA register
Money in a Crown project?
This project is flagged for insolvency proceedings on the MahaRERA register. Before you go anywhere near a booking, the report lays out the regulatory record, BHASIN PROPERTIES AND DEVELOPERS PVT LTD's history, and exactly what to verify.
This page is the free MahaRERA filing summary. The full RERA Property Intelligence Report gives you everything in the free Risk Snapshot, plus the buy/wait decision — the full regulatory standing, declared court litigation, buyer-complaint and adjudication history, quarterly-progress-report discipline, the builder's MahaRERA-wide track record, the building/tower breakdown, and the sanctioned layout plan. See a real one first:
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Flags are from MahaRERA's own published problem lists — not a claim about the developer's intent. Explore every flagged project on our Mumbai, Thane & the MMR RERA red-flag register.
Last checked against the RERA register: 11 Jul 2026