MahaRERA Property Intelligence · Borivali West · Mumbai Suburban

Optimus

PR1180002500322 · Borivali West · promoter Panchnaad Developers

The Reckoner Record · ₹999

What has the government valued the homes in Optimus at?

No home on this project’s MahaRERA filing carries a registered agreement, so there is no record of what anyone has paid. What the promoter has filed is the ready reckoner valuation for 15 homes, read on 19 July 2026 — the rate stamp duty is charged on, with each home’s filed area already applied.

  • Every one of the 15 homes, with the valuation filed against it
  • The rate that works out to, per square foot of RERA carpet
  • Copied from the filing — not a price anyone paid, and not our reading of one
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Delivery and registration

When is the project declared for completion?

Optimus is registered with MahaRERA as PR1180002500322 and the promoter has declared completion for 31 Dec 2026.

31 Dec 2026

declared completion

3months to go

against the declared date

The completion date and status as they stand on the MahaRERA registration record.

Source · MahaRERA project registration · read 12 Jul 2026

MahaRERA registrationPR1180002500322
Registered on22 Jul 2025
Promoter-declared completion31 Dec 2026
Current statusCertificate Signed
Against today3 months to the declared date

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for Optimus record 4 quarterly progress reports since registration.

Entries as they appear on MahaRERA's own lists and the project's progress filing.

Source · MahaRERA defaulter, deregistration and QPR lists · read 12 Jul 2026

Promoter record

What else is this promoter on record for?

Panchnaad Developers is the promoter of record on 2 projects registered with MahaRERA, none of which carry a MahaRERA regulator flag (insolvency, deregistration, completion lapse or QPR default).

2projects

registered with MahaRERA

0flagged

by MahaRERA

Counted across Quietlist's full MahaRERA register store, matched on the promoter name as it appears on each filing.

Source · MahaRERA register, all projects · read 12 Jul 2026

Construction

How much construction cost has been reported?

In Optimus, ₹34.74 Lakh of a declared ₹5.79 Cr estimated project cost is reported as incurred, about 6.0%, as at the last certified filing with MahaRERA.

6.0%

₹34.74 Lakh

of ₹5.79 Cr declared cost

Cost incurred as last certified to MahaRERA. It is a financial measure, not a survey of site work, and it can lag on-site reality between filings.

Source · MahaRERA quarterly progress filing · read 12 Jul 2026

Sales

How much has actually been sold?

In Optimus, 0 of 15 homes filed with MahaRERA are recorded as sold or booked, about 0%, and 15 remain available.

0%sold

0 of 15 homes

Counts as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. The project registers 27 homes in total, while this sold/unsold inventory filing covers 15 of them.

Source · MahaRERA sold/unsold inventory filing · read 12 Jul 2026

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 home.

FloorUnitCarpetGovt reckoner value
Floor 2201448 sqft (41.6 sqm)₹80.39 Lakh
Floor 2202373 sqft (34.67 sqm)₹67.00 Lakh
Floor 3301580 sqft (53.93 sqm)₹1.04 Cr
Floor 3302300 sqft (27.88 sqm)₹53.87 Lakh
Floor 3303519 sqft (48.24 sqm)₹93.22 Lakh
Floor 4401580 sqft (53.93 sqm)₹1.04 Cr
Floor 4402300 sqft (27.88 sqm)₹53.87 Lakh
Floor 4403519 sqft (48.24 sqm)₹93.22 Lakh
Floor 5501448 sqft (41.6 sqm)₹80.39 Lakh
Floor 5502442 sqft (41.03 sqm)₹79.29 Lakh
Floor 6601448 sqft (41.6 sqm)₹80.39 Lakh
Floor 6602442 sqft (41.03 sqm)₹79.29 Lakh
Floor 7702442 sqft (41.03 sqm)₹79.29 Lakh
Floor 8803440 sqft (40.85 sqm)₹78.94 Lakh
Ground/Floor 0Shop no.2144 sqft (13.34 sqm)₹32.22 Lakh

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.

Sales

Are registered sale-agreement prices available?

No registered sale-agreement price is recorded for Optimus in the MahaRERA project file.

Not available

This is what the record does not contain, not a value of zero.

Source · MahaRERA project file · checked 19 July 2026

What the filings record, home by home

Read from MahaRERA on 19 July 2026

No home in Optimus carries a registered agreement value on its MahaRERA filing, so there is no record here of what anyone has paid. What the promoter has filed is the government ready reckoner value for 15 homes — the Annual Statement of Rates valuation, with each home’s carpet area and floor already applied. Across them that is Rs 17,952 a sq ft typical, over Rs 17,952 to Rs 22,441.

A reckoner value is the basis stamp duty is charged on. It is not a price anyone paid, not an asking price, and not a valuation of the home to you.

The Reckoner Record lists all 15 of them — each home, its RERA carpet area, the valuation filed against it and the rate that works out to. It is the filing copied, not a reading of it.

See all 15 filed valuations — ₹999 →

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+8 and 27 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Optimus1G+827-

Unit mix on the filing: 22 residential and 5 non-residential (shops/offices).

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading.

Location, Land & Connectivity

Located at Borivali West, I. C. Colony, Borivali, Mumbai Suburban, 400103. Per the filed land record, the plot is bounded to the north by Road, to the south by CTS No. 939, to the east by CTS No. 989 and to the west by CTS No. 932A. These are the boundaries as recorded in the filed land record.

Location & connectivity

The nearest major job hub is ~13 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

LandmarkStraight-line
Andheri MIDC / SEEPZ13 km
Powai / Hiranandani business park16 km
Chhatrapati Shivaji Int'l Airport18 km
Bandra Kurla Complex (BKC)21 km
Lower Parel / Worli business district28 km
Nariman Point / Fort36 km

Straight-line distances from the geocoded project locality (the RERA address is an area, not a door) — directional, not door-to-door drive times. Check the actual road route, the nearest metro station and daily-need shops/schools/hospitals on a site visit.

🔒 What I’d do as a buyer here · Drawings Report

The report opens with what this project really is — read from its approved drawings — then the specific calls: the cheapest good way to buy here, the home to say no to, what you can stop worrying about, and what to get in writing before you sign anything.

Unlock in the ₹4,999 report →

Site & infrastructure

What this project's sanctioned plan shows — read for you
Where the plan is legible, the full report reads this project's layout plan filed with MahaRERA and lays out what's on it: where the utilities and open space sit, how the site is laid out around them, and which way it faces. When a plan can't be read clearly, we tell you plainly rather than guess.
In the full report:Open space · Utilities · Orientation · Layout
See what the full read covers ↓or read a sample report first →

🔒 Which home to ask for · Drawings Report

The home-level read: which ones to prefer and which to avoid, what the drawings put around each, and the things on this site nobody at the sales desk will tell you about.

Unlock in the ₹4,999 report →

The approved drawings

A thin filing

The crawled listing for Optimus shows only one approved drawing — not enough drawn material for a useful unit-level read, and we would rather tell you that than sell you a thin report. The register record above is what this filing carries.

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Other RERA-registered projects in Borivali West

Borivali Madhumas Chsl
possession by Dec 2026 · Aadhunik Developers
Borivali SAI Hill CHS
possession by Dec 2026 · THE Green Venturez Realtors
Empire Fairmont
possession by Dec 2026 · Empire Realty
Maruti Residency
possession by Dec 2026 · OM Construction
Mascarenhas Apartment
Not filing quarterly progress reports · possession by Dec 2026 · SAI Universal Realtors & Developers
NEW Siddharth CO-Operative Housing Society LTD
possession by Dec 2026 · Not Available

Major developers building in Borivali West

Other RERA-registered projects in Mumbai Suburban

Opulence
declared completion Dec 2020 · Sidhivinayak Constructions
Opulence
possession by Dec 2029 · Ariha Buildtech LLP
Opulent
declared completion Feb 2026 · Reki Developers LLP
Oracle
possession by Dec 2029 · Hariom Realty
Orchid Heights
declared completion Jun 2026 · Nimesh Kirtikumar Shah
Orchid Tower
possession by Mar 2027 · Shree Laxmi Estate Pvt. Ltd.

What to verify before you book

  1. Confirm the MahaRERA registration is live and read the project page on the MahaRERA portal for the sanctioned plan, approvals and the promoter's quarterly progress reports.
  2. Check the declared completion date against actual site progress — registration is not the same as a delivered, occupancy-certified building.
  3. Verify the exact carpet area, floor and unit number in your agreement match the sanctioned plan (not the brochure's saleable area).
  4. Confirm the title, the 7/12 land extract and that your payments go to the project's designated RERA escrow account.

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: 10 Sep 2026