New Residential Project in Thane gets approval by MahaRERA on 18th November
Courtyard - Asteria A is a new residential project in Majiwada, Thane by COURTYARD REAL ESTATE PRIVATE LIMITED. The project was authorized by the Maharashtra Real Estate Authority on November 18th, 2022 and is planned to be completed by September 30, 2027. This is developer's 6th residential project in Thane.
Developer History:
COURTYARD REAL ESTATE PRIVATE LIMITED has previously worked on 5 residential projects in Thane, each with a single apartment measuring a total 2502.11 sqmts as the Carpet Area. All of the projects were completed well ahead of the proposed completion date. Below is detailed information about previous projects:
| Project Name | Land Area(In Sq mtrs) | Original Proposed Date of Completion | Actual Date of Completion |
|---|---|---|---|
| Courtyard - Ivy | 407.7 | 2019-12-31 | 2019-05-02 |
| Courtyard - Onyx | 368.41 | 2021-05-31 | 2019-11-21 |
| Courtyard - Ornella | 581.03 | 2021-05-31 | 2019-11-21 |
| Courtyard - Florence | 563.94 | 2019-12-31 | 2019-05-02 |
| Courtyard - Rozanne | 581.03 | 2023-05-31 | 2022-04-13 |
Location Insights:-
Thane is located on the western bank of Thane Creek, with the Parsik Hills to the east and the Yeour Hills to the west. It is part of the Mumbai Metropolitan Region, and its proximity to Mumbai has made it culturally integrated.
With over 30 lakes, it is known as the "City of Lakes." Apart from being the birthplace of prehistoric tribes, Thane city has a rich cultural heritage, mythological background, followed by a large number of historical events, making it one of the most sought-after places to live.
Promoters Details:-
COURTYARD REAL ESTATE PRIVATE LIMITED is the promoter of the Rajsuraksha. Manohar Moolchand Chhabria, Navin Amarlal Makhija, Advait Gopal Narang, Gopal Madhawdas Narang, and Soham Gopal Narang are the directors of Courtyard Real Estate Private Limited.
Land Owner/Investor:-
There are no Land Owners/Investors for the project as defined by MahaRERA Order
Technical details as per MahaRERA for the project:-
The development's plot survey number is 281/2A/1B, 281/2A/2, 281/2A/3, 283/1, 283/2, 288/2D/1D, 288/2D/2, with the east boundary facing Courtyard - Asteria B, the west boundary facing Tata Serein, the south boundary facing
Pokhran Road No 2, and the north boundary facing Central Green.
The developer suggested one wing in the layout/plots, and they have received approval for that one wing. The MCGM has not yet approved the project. The total project/plot area is approximately 733.28 square metres.
According to MahaRERA's authorised projects list, the total Recreational open space sanctioned is 6410.63 sqmts. The plot's total permitted build-up area is approximately 25643.88 square metres, while the total area sanctioned for construction under MahaRERA is 18765.32 square metres.
Building details of the project:-
Courtyard - Asteria A, has received approval for 40 floors, one plinth and slit, 3 basements, 22 open parking and 250 closed parking slots.
The tower contains a total of 111 apartments. The construction consists of 1RK, 2BHK and 3BHKs. The Carpet Area for 1RK is around 21.57 sqmts, for 2BHK it is 71.10 sqmts and for 3bhk it varies from (93.04 to 109.50)sqmts.
Indepth information about the project units is provided in the information below:-
| Sr.No. | Apartment Type | Carpet Area (in Sqmts) | Number of Apartment |
|---|---|---|---|
| 1 | 2BHK | 71.10 | 132 |
| 2 | 3BHK | 98.27 | 36 |
| 3 | 3BHK | 109.50 | 36 |
| 4 | 3BHK | 93.04 | 5 |
| 5 | 1RK | 21.57 | 2 |
Current work status of the project as per MahaRERA:-
The construction work for the project has not been started yet as of 18th November 2022.
Facilities and amenities:-
The project includes facilities such as Internal Roads & Footpaths, Water Conservation, Rain water Harvesting, Energy management, Fire Protection And Fire Safety Requirement, Electrical Meter Room, Sub-Station, Receiving Station, Aggregate area of recreational Open Space, Open Parking, Water Suppy, Sewerage, Storm Water Drains, Landscaping & Tree Planting, Solid Waste Management and Disposal.
Experts working on the project:-
SAAKAAR and KAPADIA ASSOCIATES DESIGN LLP (Architect), HARSH RUPARELIA & CO (Chartered Accountant), Punit Infracon Pvt Ltd and GS Enterprises (Contractor), and JW Consultant LLP(Engineer) are among the professionals working on the project, according to the information posted on the MahaRERA website on November 18th, 2022.
Litigation Details:-
There is a suit pending in bombay highcourt with Case number as COMS L NO 276 and case type as others against Courtyard - Asteria A since 2017
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RERA stands for Real Estate Regulatory Authority and is the Government body for regulating Real Estate Developers and Agents (Brokers) It came into existence in 2016 and aims to protect the interest of property buyers. Every under-construction property must obtain a RERA certificate and disclose a completion date before selling units to property buyers/investors. In India, each state has its own laws governing real estate. MahaRERA is the regulatory body for Maharashtra (Maharashtra Real Estate Regulation & Development Authority)
