ActiveP51800077562Registered Oct 20241 red flag

Elysia

A residential / group housing project by Olive Developers in ARAAM NAGAR, YARI ROAD, VERSOVA, Mumbai Suburban.

Data as of Jul 2026, from this project's public MahaRERA filing. View on the MahaRERA portal ↗

Overview

Status & progress

Per MahaRERA record as of Jul 2026.

Construction
58%
cost-weighted
Declared completion
Dec 2027
no delay on record
Units sold
5 / 21
24% sell-through
Basics

Project basics

As filed with MahaRERA — not analysis, just the record.

Promoter
Olive Developers · Partnership
Project type
Residential / Group Housing
Land area
829 m² · Permissible built-up (FSI) 2,746 m²
Total units
21 across 1 wing
Estimated cost
₹26.1 Cr
Land ownership
Promoter is the landowner
Held outside open sale
5 rehab · 6 landowner/investor share
Application date
01 Jul 2024
Buildings & units

1 wing

Floors and unit counts as filed.

WingFloors sanctionedTotal units
NA9 of 9 proposed21
People on record

Promoter & professionals

Names and registrations as declared — no background analysis.

Architect
D H PATEL
Structural engineer
SHAIKH MUKHTAR AHMED H
Project bank
ICICI BANK LIMITED
Location

Where it sits

ARAAM NAGAR, YARI ROAD, VERSOVA, Mumbai Suburban — 400061.

Locality
ARAAM NAGAR, YARI ROAD, VERSOVA
District
Mumbai Suburban
Authority
CHE/WS/0972/K/337(NEW)
Red flags

1 flag on this project

What they are and why they matter — in the full report.

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Delay analysis & explanations

Why these flags matter

Unlock the delay analysis, sales & construction narrative, and what-to-verify checklist for this project.

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Legal & encumbrance

Litigation & charges

Unlock the complaint list with order and warrant detail, plus full encumbrance and litigation detail and the FAQ.

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Elysia: common questions

Is Elysia RERA registered?

Yes. Elysia is registered with MahaRERA under registration number P51800077562, granted on 11 October 2024. As of July 2026, the registration is active.

What is the possession date of Elysia?

The developer has declared completion by December 2027 in its MahaRERA filing. The RERA completion date is the developer's legal commitment; the possession date in your agreement can differ, so check both.

Who is the builder of Elysia?

Elysia is developed by Olive Developers, the promoter named in its MahaRERA registration.

Where is Elysia located?

Elysia is in Versova, Mumbai (PIN 400061), Maharashtra, as declared in its RERA registration.

How many units does Elysia have, and how many are sold?

Elysia has 21 units on its RERA registration. 5 were reported sold as of July 2026, leaving 16 unsold.

How much construction of Elysia is complete?

By the developer's own quarterly filing, 58% of the work is done, measured against the project's cost estimate.

Is there any litigation against Elysia?

6 litigation cases are declared on Elysia's MahaRERA record. The full report lists each case with its court and status.

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