Modirealty Vatvriksh
SV Road · Mumbai Suburban
What registered buyers actually paid
₹11,318 – ₹28,460
per sq ft of carpet, agreement value
Covers 80% of 191 agreements filed with MahaRERA.i
Home
B-104
Carpet area
1,343 sq ft
Typical value
₹2.17 cr
Independent analysis · Quietlist · Bengaluru
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Free before you decide: the 14 things to get in writing before you book
Every item comes from a real RERA filing. Send it to the family group before anyone pays a token.
Send the checklist to the family group Read it here →Delivery and registration
PALAI TOWERS is registered with MahaRERA as P51800010465 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 registration | P51800010465 |
| Registered on | 27 Aug 2017 |
| Promoter-declared completion | 31 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 3 months to the declared date |
Approvals and compliance
MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for PALAI TOWERS record 32 quarterly progress reports since registration.
32quarterly filings
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
Construction
In PALAI TOWERS, ₹179.45 Cr of a declared ₹235.29 Cr estimated project cost is reported as incurred, about 76.3%, as at the last certified filing with MahaRERA.
76.3%
₹179.45 Cr
of ₹235.29 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
In PALAI TOWERS, 191 of 217 homes filed with MahaRERA are recorded as sold or booked, about 88%, and 26 remain available.
88%sold
191 of 217 homes
₹425.51 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, ₹286.55 Cr (about 67%) is recorded as collected and ₹138.96 Cr as receivable.
Source · MahaRERA sold/unsold inventory filing · read 12 Jul 2026
What buyers actually paid: across 191 registered agreements, the effective carpet rate is ₹16,254/sqft, with eight in ten falling between ₹11,318 and ₹28,460 — 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 home.
| Floor | Unit | Carpet | Govt reckoner value |
|---|---|---|---|
| Floor 4 | B-104 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-1902 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-1903 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-1904 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-2001 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2003 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2102 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-2103 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2201 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2203 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2303 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2401 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2402 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-2403 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2501 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2502 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-2503 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2601 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2602 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-2603 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2702 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-2703 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2704 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-2803 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
| Floor 4 | B-2804 | 1,343 sqft (124.77 sqm) | ₹1.83 Cr |
| Floor 4 | B-501 | 918 sqft (85.28 sqm) | ₹1.25 Cr |
No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.
Read from MahaRERA on 08 September 2026
MahaRERA publishes, home by home, what this promoter filed: which homes are sold and which are not, the RERA carpet area of each, and for the sold ones the registered agreement value — the consideration filed for that specific home. On this project 191 homes carry one, and 26 of the 217 are recorded unsold.
Here is one of those unsold homes, priced against what buyers of the same home on other floors actually filed:
| Home | Carpet | Filed for the same home on other floors | Based on |
|---|---|---|---|
| B-104 | 1,343 sqft | Rs 2.1710 cr typical, over Rs 1.2050 cr to Rs 3.9700 cr | 24 filed on this stack, floor 4 |
A filed consideration is what was registered 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 PALAI TOWERS, every one of the 26 unsold homes has agreements filed on its own stack. The Sales Report gives each of them its own row — the filed agreements behind that stack listed in full, the government reckoner value the promoter filed against it, and whether it is mortgaged to a lender while still on the unsold list. Built from the filing itself, sent by email.
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+41 and 217 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| PALAI TOWERS | 1 | G+41 | 217 | - |
Unit mix on the filing: 213 residential and 4 non-residential (shops/offices).
Legal and disputes
7 complaints are on the MahaRERA record for PALAI TOWERS, with orders passed in 5 of them.
7complaints
5with an order
Counts as disclosed in the project record.
Source · MahaRERA project disclosures · read 12 Jul 2026
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000195510 | 04/01/2021 | N D DEVELOPERS vs ND DEVELOPERS | order passed |
| CC006000000197801 | 30/07/2021 | Mushtaq A. Kasmani vs N.D. Developers | order passed |
| CC006000000197803 | 30/07/2021 | Vasim A Kasmani vs N.D. Developers | order passed |
| CC006000000197804 | 30/07/2021 | Jabin M. Kasamani vs N.D. Developers | order passed |
| CC006000000197806 | 30/07/2021 | Sain V. Kasmani vs N.D. Developers | order passed |
| CC006000000429006 | 21/02/2024 | M/s N D Developers vs Mr. Altaz Shabudin Ratnani | pending / no order on file |
| CC12501959 | 16/06/2025 | Manoj Kumar vs N D DEVELOPERS | pending / no order on file |
The MahaRERA completion deadline for this project has been formally extended 5 times, as recorded on the register.
| From | Extended to | Stated reason |
|---|---|---|
| as registered | 30 Jun 2022 | Dear Sir, With reference to the captioned subject, we would like to inform your goodself that our project ‘Palai Tower’ is registered on the MahaRERA webportal vide Registration |
| 30 Jun 2022 | 31 Dec 2023 | The Secretary, Maharashtra Real Estate Regulatory Authority 3rd Floor, A-Wing, Slum Rehabilitation Authority, Administrative Building, Anant Kanekar Marg, Bandra (E), Mumbai 40 |
| 31 Dec 2023 | 31 Dec 2024 | Dear Sir/Madam We are applying for extension of date of completion to 31/12/2024. There has been a delay due to obtaining permissions required for further construction of the bu |
| 31 Dec 2024 | 31 Dec 2025 | Dear Sir/Madam |
| 31 Dec 2025 | 31 Dec 2026 | Dear Sir/Madam, please refer annexure for reason for delay |
Located at SV Road, Piramal Nagar, Mumbai City, Mumbai City, 400062. Per the filed land record, the plot is bounded to the north by PIRAMAL NAGAR, to the south by PATKAR COLLGEE, to the east by GOREGAON RAILWAY STN and to the west by S V ROAD. These are the boundaries as recorded in the filed land record.
The nearest major job hub is ~5 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 5 km |
| Powai / Hiranandani business park | 8 km |
| Chhatrapati Shivaji Int'l Airport | 9 km |
| Bandra Kurla Complex (BKC) | 12 km |
| Lower Parel / Worli business district | 19 km |
| Nariman Point / Fort | 27 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.
🔒 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.
The approved drawings
Everything above is on this page already, free, from the government record. The drawings are different: the 3 approved sheets are the same drawings the builder filed to get PALAI TOWERS approved — what sits under each tower, which floor holds machines, what the sales sheet leaves out. Nobody reads them for you. We do.
What that turns up — from other projects’ filings:
ATS Knightsbridge · Sector 124, Noida
You pay for 10,000 sq ft. The floor inside your home is 6,982 sq ft. The rest is walls, shared circulation and services. Get both numbers written into your agreement before you pay any booking amount.
Oberoi Elysian · Goregaon East, Mumbai
“The building is complete.” The tower has reached full height — true. The same filed certificate, same page: sanitary fittings 6% done. Ask for a possession date in writing.
Godrej Aristocrat · Sector 49, Gurugram
Paying extra for the top floor? The terrace drawing shows what sits on the slab above those flats: the overhead water tanks, the lift machine rooms and the roof machinery. Ask which flat sits under which.
Prestige Camden Gardens · Thanisandra, Bengaluru
The approved parking table asks for 12 visitor spaces. It shows 0. Two-wheeler spaces: also 0. Ask in writing where visitors will park.
Buying in PALAI TOWERS?
The completion date has been revised 5 times on the register. We read the 3 approved drawings on PALAI TOWERS’s file and tell you which homes we would ask for, what sits around them, and what to get in writing before you pay the token.
This page is the free MahaRERA filing summary on PALAI TOWERS. Both readings below are built from that same filing. See a real one first:
Sales Report sample: Palmspring Towers → · Drawings Report sample: Oberoi Elysian – Tower A → · browse all sample reports →
Payment is confirmed automatically. The Sales Report is delivered on payment. The Drawings Report is 1 working day. We email the link, so you can close the tab.
Sales Report · ₹2,999
Every home still unsold, beside what was filed for the same home on other floors · delivered on payment
Not useful to your decision? Full refund — no questions asked.
Drawings Report · ₹4,999
Every drawing on file, read — which home to ask for · 1 working day
Not useful to your decision? Full refund — no questions asked.
Paying from outside India? Pay $35 (Sales Report) and $59 (Drawings Report) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
Free · Watch this project
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N D Developers is the promoter on 5 MahaRERA-registered projects, of which 2 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:
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