Shakti Realty
Bhiwandi · Thane
What registered buyers actually paid
₹4,475 – ₹8,105
per sq ft of carpet, agreement value
Covers 80% of 22 agreements filed with MahaRERA.i
Home
Office 107
Carpet area
692 sq ft
Typical value
₹51.3 lakh
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
SIYARA ICON is registered with MahaRERA as P51700034763 and the promoter has declared completion for 31 Dec 2028.
31 Dec 2028
declared completion
27months 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 | P51700034763 |
| Registered on | 28 Apr 2022 |
| Promoter-declared completion | 31 Dec 2028 |
| Current status | Certificate Signed |
| Against today | 27 months to the declared date |
Approvals and compliance
MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for SIYARA ICON record 16 quarterly progress reports since registration.
16quarterly 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
Promoter record
Shakti Realty is the promoter of record on 129 projects registered with MahaRERA, 19 of which carry a MahaRERA regulator flag (insolvency, deregistration, completion lapse or QPR default).
129projects
registered with MahaRERA
19flagged
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
In SIYARA ICON, ₹15.26 Cr of a declared ₹42.95 Cr estimated project cost is reported as incurred, about 35.5%, as at the last certified filing with MahaRERA.
35.5%
₹15.26 Cr
of ₹42.95 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 SIYARA ICON, 22 of 78 homes filed with MahaRERA are recorded as sold or booked (19 with registered agreements and 3 booked), about 28%, and 56 remain available.
28%sold
22 of 78 homes
₹9.41 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, ₹6.44 Cr (about 68%) is recorded as collected and ₹2.97 Cr as receivable. The project registers 111 homes in total, while this sold/unsold inventory filing covers 78 of them.
Source · MahaRERA sold/unsold inventory filing · read 12 Jul 2026
What buyers actually paid: across 22 registered agreements, the effective carpet rate is ₹6,525/sqft, with eight in ten falling between ₹4,475 and ₹8,105 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.
The inventory filing also declares: 33 not for sale.
Read from MahaRERA on 09 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 22 homes carry one, and 56 of the 111 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 |
|---|---|---|---|
| Office 107 | 692 sqft | Rs 51.31 lakh typical, over Rs 30.36 lakh to Rs 55.00 lakh | 6 filed at this size |
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. One of the two observations is an archived copy whose time is the moment the file was written, not a portal fetch time.
In SIYARA ICON, 26 of the 56 unsold homes have agreements filed on their 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+9 and 111 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| SIYARA ICON | 1 | G+9 | 111 | - |
Unit mix on the filing: 67 residential and 44 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading.
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 | 31 Dec 2028 | We hereby submit this letter as a formal request for the extension of the MahaRERA registration for our project Siyara Icon (Reg. No. P51700034736). The project has encountered unf |
Located at BHIWANDI, RANJNOLI, Thane, Thane, 421302. Per the filed land record, the plot is bounded to the north by S NO 1 and S NO 79, to the south by S NO 80 and S NO 1, to the east by S NO 1 and to the west by 30 MTR DP ROAD. These are the boundaries as recorded in the filed land record.
🔒 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 4 approved sheets are the same drawings the builder filed to get SIYARA ICON 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 SIYARA ICON?
With 35.5% of the project cost incurred, there is no finished building to walk through — the approved drawings are the only place to see what you are buying. We read the 4 approved drawings on SIYARA ICON’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 SIYARA ICON. 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
We'll email you when this project's RERA record changes, and send the 14-point booking checklist with the first email.
Shakti Realty is the promoter on 8 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).
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