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AAVAAS CLASSIC
RG-MH-21155 · RERA P51800001554 · Last updated on MahaRERA portal: 12 May 2022
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 55 months past the filed date
- Completion date moved by 42 months
- 4 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
4 conditions are on this record. What each one means for someone buying here, and what the promoter's own filed documents say behind it, is what the buyer report adds.
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AAVAAS CLASSIC is a Residential / Group Housing project by M. K. REALTORS in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800001554 on 28 Jul 2017. Possession was promised by 30 Mar 2022 and is now 55 months past that date. The completion date has moved by 42 months from the original filing.
At a glance
Project
- NameAAVAAS CLASSIC
- TypeResidential / Group Housing
- Location
- Borivali
- Mumbai Suburban
- 400068
- Pincode400068
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51800001554
- ReraGenie IDRG-MH-21155
Builder
- NameM. K. REALTORS
- Entity typePartnership
- PartnersALAKA HAREN SHAH, JANAK HAREN SHAH SHAH
- Other registrations1 more →
- Completed1 of 2
- No longer live1 lapsed, de-registered or revoked
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on28 Jul 2017
- Promised completion30 Mar 2022
- Revised completionRevised to 30 Mar 2022 (originally 30 Sep 2018)
- Buildings2 building records
- Documents filed21 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| AAVAAS CLASSIC | NA | 21 | 0 | 0 | 0 | 0 |
| NICOLASWADI CHSL SRA | NA | 8 | 0 | 0 | 0 | 0 |
The full filing
Everything below is from the project's own MahaRERA filing, free to read. The Rs 499 buyer report reads the filed documents themselves and puts the findings in plain language.
Construction progress by building2
As on 12 May 2022, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
15 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Internal walls, at 85%.
AAVAAS CLASSIC78%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 85% |
| Sanitary Fittings within the flats / premises | 85% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 85% |
| Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as per CFO NOC, Electrical fittings, mechanical equipment, compliance to conditions ofenvironment/CRZ NOC, Finishing to entrance lobby/s, plinth protection. paving of areas appurtenant to Building/Wing, Compound Wall and all other requirements as may be required to complete project as per specifications in agreement of Sale. | 0% |
NICOLASWADI CHSL SRA82%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 100% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 100% |
| Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as per CFO NOC, Electrical fittings, mechanical equipment, compliance to conditions ofenvironment/CRZ NOC, Finishing to entrance lobby/s, plinth protection. paving of areas appurtenant to Building/Wing, Compound Wall and all other requirements as may be required to complete project as per specifications in agreement of Sale. | 100% |
Progress on shared amenities15
As on 12 May 2022, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | Yes | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 40% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | No | Not applicable |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | Yes | 0% |
Parking filed17
Slots recorded per building wing in the filing. MahaRERA does not publish a two wheeler or four wheeler split, visitor parking, or the sanctioned allotment, so this is provision as filed and not a comparison against the approved plan.
| Building | Closed/Covered | Open Space | Total |
|---|---|---|---|
| AAVAAS CLASSIC | 1 | 9 | 10 |
| NICOLASWADI CHSL SRA | 0 | 7 | 7 |
Land and ownership
MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
Approvals and building plan
Project account and cost
70 percent of buyer money must sit in the project account. Account numbers are not published by MahaRERA, so check that your agreement for sale names a designated account for this project and pay into that account only.
Certifying professionals and partners2
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | SANJAY NEVE |
| Engineer | P B DANDEKAR |
| Partner | Role in project |
|---|---|
| M. K. REALTORS | - |
Extensions applied for4
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterThe Project proposal is under Slum Rehabilitation Authority under Regulation 33(10) of DCR 1991 and recently due to Additional Eligibility of the Slum Dwellers in the Project, the proposal for Revision in LOI and subsequently Amendments in the Plans for technical Parameters (not for planning purpose) is required to be obtained from the Authority. Accordingly the proposal is under process, and due for approval of Revised LOI. Considering the above stated facts, the possession of the Completed unit can only be handed over to the respective buyers after obtaining the Amended Plans and then OCC to
Reason as filed by the promoterTo, Date: 23-Sep-2019 MAHARERA, Bandra East, Mumbai-400 051. Sub: Request for RERA Deadline Extension Registration No.P51800001554. Respected Sir, I, Haren M. Shah, Partner at M.K. Realtors, humbly request your approval to extend the RERA deadline for our project Aavaas Classic from 30thSeptember 2019 to 31st March 2020. Our building construction is entirely complete, and we are in the process of obtaining the Occupation Certificate. It appears from the chain of events, along with the present state elections looming large, that the O.C. will not be obtained before the deadline, therefore this
Reason as filed by the promoterDraft application for Rera Extension for Aavaas Classic - Nicolaswadi, Dahisar(west), Mumbai; Sub : SRA project at Nicolaswadi, Dahisar(west), Mumbai ...........Request to grant further Six months extension from 01/04/2020 till 30/09/2020. Ref : Your letter granting extention for completion SRA project upto 31/03/2020. Respected Sir, With reference to the above,we earnestly request your good self grant six months further extension from 01/04/2020 till 30/09/2020 for completion of our SRA project, due to following unavoidable circumstances; 1) Delayed hearings of long pending eligibility issues
Reason as filed by the promoterRespected Sir, Pranam For our building, Aavaas Classic, the construction activity has been completed and finishing is going on. Apart from this we are in the process of getting the required LOI revised from the SRA, thereafter we will be applying for the OC for the building. The delay in obtaining the permissions was because I, myself Mr. Haren Shah, the partner of this company had contracted the COVID-19 virus in the month of Oct-2020 and had to be hospitalized in Karuna Hospital, Borivali(West) . Due to this I was unable to get back to work till February -2021. Since February I have started
Complaints filed with MahaRERA
No complaints on record against this registration.
The permission chain
The permissions a project needs, in the order they happen, matched to MahaRERA's own document slots. A slot on the file means the promoter uploaded a document there; it is not proof the permission was granted, and the filing carries no issue dates. An empty slot is not proof an approval is missing.
- Legal title reportOn the file
A lawyer's report on who owns the land and what is registered against it.
uploaded 25 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 25 Jul 2017 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 25 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 25 Jul 2017Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on the file
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
Documents filed21
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath. The files themselves are available at source: open this registration on the MahaRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Society Formation Certificate.pdf | 12 May 2022 |
| Annual Audit Report of Statutory CA (Form 5)File: RERA FORM5.pdf | 6 Oct 2019 |
| Building plan approvalFile: Comm certificate.pdf | 25 Jul 2017 |
| Layout approvalFile: Layout 1.pdf | 25 Jul 2017 |
| Layout approvalFile: Layout Plan 2.pdf | 25 Jul 2017 |
| Layout approvalFile: Layout 3.pdf | 25 Jul 2017 |
| Layout approvalFile: Layout 4.pdf | 25 Jul 2017 |
| PAN CardFile: PAN Card.pdf | 25 Jul 2017 |
| Copy of the legal title reportFile: Title Report.pdf | 25 Jul 2017 |
| Details of encumbrancesFile: Enc Cert.pdf | 25 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Layout 1.pdf | 25 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Layout Plan 2.pdf | 25 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Layout 3.pdf | 25 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Layout 4.pdf | 25 Jul 2017 |
| Building Plan Approval (IOD)File: Comm certificate.pdf | 25 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: Comm certificate.pdf | 25 Jul 2017 |
| Declaration in FORM BFile: Form B - Affidavit.pdf | 25 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate.pdf | 25 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineer Certificate.pdf | 25 Jul 2017 |
| Certificates of CA (Form 3)File: Form 3-CA Certificate.pdf | 25 Jul 2017 |
| Proforma of Allotment letterFile: Draft Sale Agreement.pdf | 25 Jul 2017 |
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 4 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 1 other registration and every project registered within 2 km, which the RERA portal never shows together
- All 21 filed documents as one ZIP, foldered, with a manifest
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Other projects near Borivali6,700+ in Mumbai Suburban
Filed coordinates, straight-line distance. 212 registered projects within 2 km.
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Builder: M. K. REALTORS
M. K. REALTORS has 2 registrations on MahaRERA, including AAVAAS CLASSIC and SHIVAM HILLS. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Mumbai Suburban district page.
Frequently asked questions
What does it mean that AAVAAS CLASSIC shows as registration lapsed on MahaRERA?
A registration runs until the completion date the promoter declared. If the project is neither completed nor extended by then it lapses, and a de-registration or revocation ends it by order. In every case the promoter may no longer legally advertise, market or sell in the project, and the Authority can act under section 7 against a defaulting promoter. What it does not do is cancel an agreement for sale you have already signed, or extinguish your section 18 right to delay interest or refund; those run from your agreement, not from the registration. Get the current position from the promoter in writing, verify it on the MahaRERA portal, and take legal advice before paying any further instalment.
What are my rights if AAVAAS CLASSIC is delayed beyond 30 Mar 2022?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, or exit and claim a full refund with interest. In Maharashtra the rate is SBI's highest MCLR plus 2 percent, currently 10.90% per annum (June 2026). The free delay interest calculator on ReraGenie puts a rupee figure on any delay. Claims are filed as MahaRERA complaints with a Rs 5,000 fee.
How do I verify and contact the developer of AAVAAS CLASSIC?
The registered promoter entity is M. K. REALTORS, a partnership as per the filing. Neither this filing nor this promoter's other MahaRERA registrations disclose a CIN, LLPIN or GSTIN for this entity. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's MahaRERA listing (scan the QR code on any advertisement) and in its filed documents. The Rs 499 buyer report includes all of them as a single ZIP, foldered by type.
Is my payment protected in AAVAAS CLASSIC?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses; since July 2024 MahaRERA requires a three-account structure for collections. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
How current is the construction progress shown for AAVAAS CLASSIC?
Promoters must file a quarterly progress report within 20 days of each quarter end, certified by the architect (Form 1), engineer (Form 2) and chartered accountant (Form 3). The figures above come from the latest filing, so they can trail the site by up to a quarter. A promoter who stops filing QPRs altogether invites penalties under section 61, and a stale filing date is itself a warning sign worth checking on the portal.
Who certifies construction progress at AAVAAS CLASSIC?
The professionals named in the filing: Architect: SANJAY NEVE; Engineer: P B DANDEKAR. Their Form 1 (architect), Form 2 (engineer) and Form 3 (chartered accountant) certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in AAVAAS CLASSIC?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area (the model agreement allows only a 3 percent variation, with a refund right below that); that the agreement follows MahaRERA's model clauses with deviations highlighted; the promoter's record on their other projects, not just this one; why the completion date was revised and what the new timeline depends on. The Rs 499 buyer report works through all of them from the filings.
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