Immensa D: A Residential Project in Thane with Potential Concerns

Immensa D, a residential project located in Thane, Maharashtra, is currently under development by Agile Real Estate Pvt. Ltd., a well-established company known for its quality construction and projects. The project, identified by the RERA ID P51700000732, boasts a prime location on Kolshet Road and encompasses a total plot area of 904 sq. meters.

The project is designed to house one building with 27 sanctioned floors, including a basement, plinth, four podiums, and a stilt. A total of 463 closed parking spaces are allocated for residents, suggesting a sizeable residential community. The project was initially scheduled for completion in September 2021, but has been revised to December 2025. This delay, coupled with the presence of active litigations related to the project, raises concerns for potential buyers.

Despite the delay, the project boasts a sanctioned FSI of 11437, allowing for a substantial built-up area. However, the fact that there is an additional 200 sq. meters of proposed but not yet sanctioned built-up area could indicate potential future challenges. The project’s location in a bustling locality like Thane, combined with the developer’s reputation, presents a positive outlook for the project’s success. However, the ongoing legal challenges and the delayed completion date are critical factors that potential investors should carefully consider before making any decisions.

It is important for prospective buyers to thoroughly research the litigation details, understand the reasons for the delay, and assess the potential risks associated with the project before committing to an investment. Furthermore, consulting with legal and financial advisors can provide valuable insights and safeguard against potential pitfalls. While the project holds promise, the existing concerns require careful consideration to make an informed decision.