PATELS PRESTIGE

Project Overview

PATELS PRESTIGE is a lapsed real estate project situated in AMBERNATH, Thane, Maharashtra. It is registered under MahaRERA with registration number P51700017035, filed on 27 June 2018. The project comprises 3 buildings. The project's originally sanctioned completion date was 30 December 2022, subsequently revised to 30 June 2025.

Location & Connectivity

PATELS PRESTIGE is located in AMBERNATH, Thane, Maharashtra. Thane district spans a wide geography from Thane city to Kalyan, Mira–Bhayander, Ambernath, and Badlapur, served by the Central Railway's mainline and Harbour branch lines. Ambernath is served by the Central Railway's main line, making it a viable residential destination for Mumbai commuters, with a well-established industrial belt nearby.

Developer & Approvals

The project is developed by VRUDEE ASSOCIATES, operating under the regulatory oversight of MahaRERA. MahaRERA registration number P51700017035 is the definitive identifier for this project; all compliance filings, quarterly progress reports, and escrow account details are accessible on the MahaRERA portal (maharera.mahaonline.gov.in). The project was registered with the authority on 27 June 2018. Maharashtra's Real Estate (Regulation and Development) Act, 2016 mandates that promoters maintain a designated escrow account holding at least 70% of collected amounts, file quarterly progress reports, and obtain Occupancy Certificate before handing possession to buyers. Buyers are advised to verify the current status of this registration—particularly if the RERA status is shown as Lapsed—directly on the portal before entering into any agreement.

Configurations & Amenities

Specific unit configurations are not enumerated in the available RERA filing data; buyers should request the full unit schedule from the promoter or the MahaRERA portal.

In terms of facilities, the project is designed to provide residents with: 24x7 Security with CCTV, Power Backup, High-Speed Passenger Lifts, Landscaped Gardens, Swimming Pool, Gymnasium, Clubhouse, Children's Play Area, and 6 additional facilities. Additional facilities include Jogging Track, Indoor Games Room, Multipurpose Hall, Ample Visitor Parking, and more. Buyers should confirm the actual scope of facilities against the RERA-filed amenities declaration, as only contractually committed amenities carry regulatory enforceability.

Investment & Buyer Due Diligence

PATELS PRESTIGE, registered under MahaRERA as P51700017035, carries a current status of Lapsed on the MahaRERA portal. A lapsed RERA status indicates that the project's registration has not been renewed or that an extension was not obtained. Buyers considering a lapsed project must exercise heightened caution: verify the promoter's renewal application status, ensure no new bookings are being taken without a valid registration, and seek independent legal advice before committing funds.

For due diligence purposes, buyers should: (a) independently verify the RERA registration, promoter identity, and quarterly filings on maharera.mahaonline.gov.in; (b) inspect the municipal-sanctioned building plan and confirm no deviation from filed plans; (c) confirm the developer's escrow account details to ensure payment protection; (d) review the promoter's track record across all prior projects registered on MahaRERA; (e) engage an independent legal professional to review the Agreement for Sale before payment; and (f) physically inspect the site and neighbourhood connectivity at different times. The agreed possession timeline under RERA is 30 June 2025. Any delay beyond this date entitles buyers to compensation under Section 18 of RERA.