Palais Royale
MahaRERA Registered
Configurations
4 & 5 BHK Ultra-Luxury Suites
Layout options
Possession
2024-12
Target completion
RERA Carpet Area
3460 – 7181 sq.ft
Sanctioned carpet
Avg. Rate
₹ 78,000 / sq.ft
Indicative price
4-Pillar Statutory Truth Audit
Multi-Axis RadarModerate Risk · Watch Timelines · Negotiate on Pricing
Pillar-by-Pillar Verification
85 unsold units remaining in the project. High leverage for parking/floor-rise waiver.
- ✓Completed and signed off as per target 2024-12-30.
- ✓Active construction pace: 80.9% physical completion.
- ✓Certified Advocate Legal Title Report filed.
- ✓Municipal Commencement Certificate (CC / IOD) verified.
- ✓Sanctioned building layout plan approved by municipal authority.
- !Statutory project extension certificate applied with MahaRERA.
- !CRITICAL: Active interim stay / injunction order passed against project!
- !Slow sales absorption: Only 48% of units sold.
Instant statutory audit with advocate title verification, Section 4 escrow bank account, and litigation history.
Statutory Legal Title & Litigation Audit
Mandatory disclosures under Section 4(2)(l) of Real Estate (Regulation and Development) Act.
Critical Legal Caution: Stay Order Passed
An interim preventive injunction or stay order has been registered on judicial record for this project. Buyers should seek formal legal counsel before executing sale deeds.
| Court Name | Case Number & Year | Type | Injunction / Stay | Details |
|---|---|---|---|---|
| Bombay High Court | Commercial Summary Suit 462 (2017) | Civil Petition | None | — |
| Bombay High Court | PIL/17 (2017) | Civil Petition | Stay Passed | — |
| Bombay High Court | PIL 50 (2017) | Civil Petition | None | — |
| National Company Law Tribunal | 1472 (2017) | Civil Petition | None | — |
| National Company Law Tribunal | 1519 (2017) | Civil Petition | None | — |
| Supreme Court of India | TP 1595 (2017) | Civil Petition | None | — |
| Supreme Court of India | TRANSFER CASE NO 271, TP 567 (2017) | Civil Petition | None | — |
| Bombay High Court | 1178 (2016) | Civil Petition | None | — |
| Bombay High Court | 1178 (2016) | Civil Petition | None | — |
| Supreme Court of India | SLP 10704-05, SLP 13527-28, SLP 20279 (2016) | Civil Petition | Stay Passed | — |
| Bombay High Court | CP/1066 (2015) | Civil Petition | None | — |
| Bombay High Court | CP/1039-2015 AND SS 626-2014 (2015) | Civil Petition | Stay Passed | — |
| Bombay High Court | CP/594 (2015) | Civil Petition | None | — |
Promoter Legal Entity
Statutory corporate identity under Companies Act / LLP Act.
5B, 6, GM Bhosale Marg
Section 4(2)(l)(D) Escrow Account
70% buyer receivables held in designated trust account.
Ground and First Floor, Moti Mahal, Dr Annie Besant Road, Next to City Bakery, Worli, Mumbai-400018
Interactive Unit & Floor Stacking Plan
Inspect real-time booked vs available statutory units, exact RERA carpet areas, and floor placements directly reported by the promoter.
162
Statutory layout capacity85
Immediate inventory77
Agreements registered48%
Inventory Absorption & Sales Velocity
MahaRERA AuditedReal statutory unit booking progress registered in public government filings.
85 Units Remaining For Selection
Absorption Velocity: Healthy Market Absorption
Configuration-wise Absorption
Direct Government Data Advantage:Unlike developer sales brochures that often report artificial scarcity ("90% sold out"), this graph shows verified unit allocations registered under MahaRERA statutory Section 4 disclosures.
Physical Milestone Timeline (S-Curve)
Active ConstructionTarget Possession: 2024-12 · Verified statutory engineer progress.
Moderate Progress: Enclosure & MEP Finishing Pending
Physical progress is weighted scientifically using civil engineering ratios: Substructure (15%), Superstructure (35%), Envelope & Finishing (30%), and MEP / Final OC (20%).
Physical Construction Activity Breakdown
Statutory stage-wise engineering completion filed under Section 4(2)(l)(D).
Excavation
Basement
Podiums
Plinth
Super Structure Slabs
Internal Walls & Plaster
Sanitary Fittings
Staircases & Lifts
External Plumbing & Water Proofing
Common Amenities
Sanctioned Towers & Delivery Targets
Official building wings sanctioned by planning authorities.
Palais Royale
Target Delivery: 2024-12-30
About the Project
Palais Royale by Honest Shelters Private is an official statutory MAHARASHTRA RERA registered development (P51900006786). Moderate Risk · Watch Timelines · Negotiate on Pricing.
Amenities & Infrastructure
Floor Plans & Sanctioned Blueprints
Official municipal sanctioned layout drawings filed with MahaRERA.
RERA Statutory Document Vault
10 authentic public government disclosures filed under Section 4.
Explore 3D
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Location & Connectivity
Worli, Ward GSouth, Mumbai City
Worli / South Mumbai Micro-Market Capital Trend
+43% 5-Yr GrowthRegistered transaction rate per sq.ft based on statutory title deeds and micro-market filings.
2026 Registered Rate
₹42,500 / sq.ft
5-Yr Capital Gain
+43%
~7.6% Annualized CAGR
Gross Rental Yield
3.2%
~₹115/sq.ft monthly rental
Infrastructure Driver
Worli / South Mumbai
Mumbai Coastal Road + Marine Drive Extension + Underground Metro Line 3
Price on Request
Government filings verify 85 unsold units remaining in this development.
Designated Escrow Bank
YES BANK
Ground and First Floor, Moti Mahal, Dr Annie Besant Road, Next to City Bakery, Worli, Mumbai-400018
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