Navkar Palazzo
MahaRERA · the public record
FRIENDS BUSINESS BAY
BORIVALI WEST · PARESH ASHER
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31units filed as unsoldInventory · 19 July 2026
30 Jun 2025declared completionMahaRERA registration · read 19 Jul 2026
102registered unitsMahaRERA registration · read 19 Jul 2026
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Registration read 19 Jul 2026RERA details for FRIENDS BUSINESS BAY
MahaRERA · P51800032263
Delivery and registration
When is the project declared for completion?
FRIENDS BUSINESS BAY is registered with MahaRERA as P51800032263 and the promoter has declared completion for 30 Jun 2025.
30 Jun 2025
declared completion
16months past
against the declared date
The completion date and status as they stand on the MahaRERA registration record.
Source · MahaRERA project registration · read 19 Jul 2026
| MahaRERA registration | P51800032263 |
| Registered on | 20 Dec 2021 |
| Promoter-declared completion | 30 Jun 2025 |
| Current status | Certificate Signed |
| Against today | about 16 months past the declared date |
Approvals and compliance
What compliance filings are on record?
MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for FRIENDS BUSINESS BAY record the entries listed below.
Entries as they appear on MahaRERA's own lists and the project's progress filing.
Source · MahaRERA defaulter, deregistration and QPR lists · read 19 Jul 2026
- Current QPR default — the promoter has stopped filing the mandatory quarterly progress report (2025-06-30).
Sales
How many are filed as sold or booked?
In FRIENDS BUSINESS BAY, 71 of 102 units filed with MahaRERA are recorded as sold or booked, about 70%, and 31 are filed as unsold.
70%sold or booked
71 of 102 units
₹78.53 Cr
committed by buyers
Counts and agreement value as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. Of that agreement value, ₹78.50 Cr (about 100%) is recorded as collected and ₹3.10 Lakh as receivable.
Source · MahaRERA sold/unsold inventory filing · read 19 Jul 2026
Filed agreement values: across 71 sold or booked entries with usable filed values and areas, the effective carpet rate is ₹26,004/sqft, with eight in ten falling between ₹22,011 and ₹30,002 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.
The units recorded as unsold on the filing. The reckoner value is the government's ready-reckoner assessment the promoter filed against that unit, the figure stamp duty is charged on. It is not a price anyone paid, not an asking price, and not a valuation of the unit.
| Floor | Unit | Carpet | Govt reckoner value |
|---|---|---|---|
| Floor 1 | 1 | 2,193 sqft (203.73 sqm) | ₹5.20 Cr |
| Floor 1 | 2 | 2,096 sqft (194.74 sqm) | ₹4.99 Cr |
| Floor 10 | 1003 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 12 | 1205 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 13 | 1303 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 13 | 1305 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 15 | 1505 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 16 | 1601 | 1,960 sqft (182.05 sqm) | ₹3.37 Cr |
| Floor 16 | 1602 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 16 | 1603 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 16 | 1604 | 2,150 sqft (199.73 sqm) | ₹3.69 Cr |
| Floor 17 | 1701 | 4,250 sqft (394.86 sqm) | ₹7.30 Cr |
| Floor 18 | 1801 | 4,250 sqft (394.86 sqm) | ₹7.30 Cr |
| Floor 19 | 1901 | 1,930 sqft (179.3 sqm) | ₹3.32 Cr |
| Floor 19 | 1902 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 19 | 1903 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 19 | 1904 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 19 | 1905 | 22 sqft (2 sqm) | ₹61.84 Lakh |
| Floor 19 | 1906 | 350 sqft (32.51 sqm) | ₹60.12 Lakh |
| Floor 19 | 1907 | 565 sqft (52.48 sqm) | ₹97.05 Lakh |
| Floor 2 | 1 | 2,193 sqft (203.73 sqm) | ₹5.20 Cr |
| Floor 2 | 2 | 2,107 sqft (195.74 sqm) | ₹5.00 Lakh |
| Floor 3 | 1 | 2,193 sqft (203.73 sqm) | ₹5.20 Cr |
| Floor 3 | 2 | 2,107 sqft (195.74 sqm) | ₹4.99 Cr |
| Floor 7 | 703 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 7 | 705 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 8 | 803 | 590 sqft (54.81 sqm) | ₹1.01 Cr |
| Floor 8 | 805 | 105 sqft (9.75 sqm) | ₹18.04 Lakh |
| Floor 9 | 908 | 565 sqft (52.48 sqm) | ₹97.05 Lakh |
| Ground/Floor 0 | 1 | 1,352 sqft (125.6 sqm) | ₹3.20 Cr |
| Ground/Floor 0 | 2 | 1,272 sqft (118.17 sqm) | ₹3.01 Cr |
No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.
What the filings record, unit by unit
Read from MahaRERA on 19 July 2026
MahaRERA publishes, unit by unit, what this promoter filed: which units are sold and which are not, the RERA carpet area of each, and for sold or booked entries the filed agreement value — the consideration filed for that specific unit. On this project 71 units carry one, and 31 of the 102 are recorded unsold.
Here is one unit filed as unsold, beside the amounts filed for comparable units:
| Unit | Carpet | Filed comparison | Based on |
|---|---|---|---|
| 1602 | 105 sqft | Rs 26.25 lakh typical, over Rs 23.10 lakh to Rs 36.77 lakh | 13 filed · similar area (within 2%), elsewhere in project |
A filed consideration is the amount the promoter reported for one unit. It is not a valuation, and MahaRERA does not publish the date of any of these agreements — read a range as a spread, not as a trend. An unsold row means no sale had been filed for it when we looked, which is a filing state, not a promise that the unit is available to you today. Only one observation of this ledger so far: no change can be reported yet. This observation is an archived copy whose time is the moment the file was written, not a portal fetch time.
In FRIENDS BUSINESS BAY, 16 of the 31 unsold units have filed sales to compare with. The Sales Report gives each of them its own row — the filed agreements behind its comparison listed in full, the government reckoner value the promoter filed against it, and mortgage status where the filing supplies it. Missing mortgage information is not confirmation that a unit is free of a mortgage. Built from the filing itself, sent by email.
Buildings & Wings
The buildings and wings registered under this project, with each tower's sanctioned height and declared completion date. Here the tallest tower rises to G+23 and 102 units are registered across the project.
| Building | Wings | Floors | Units | Declared completion |
|---|---|---|---|---|
| FRIENDS BUSINESS BAY | 1 | G+23 | 102 | 30 Jun 2024 |
Unit mix on the filing: 102 non-residential.
Complaints
No buyer complaints were on this project's MahaRERA record at the time of reading.
Deadline Extensions
The MahaRERA completion deadline for this project has been formally extended 1 time, as recorded on the register.
| From | Extended to | Stated reason |
|---|---|---|
| as registered | 30 Jun 2025 | Due to shortage of material and labor not able to complete project please grant us extension till 30/06/2025 |
Location, Land & Connectivity
Located at BORIVALI WEST, L.T. ROAD, Borivali, Mumbai Suburban, 400092. Per the filed land record, the plot is bounded to the north by Yogeshwar Kripa, to the south by L T Road, to the east by Jay Santoshi Ma Bldg and to the west by Vacant Plot. These are the boundaries as recorded in the filed land record.