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Registered No litigation declared Others project

AIKYA ROOTS

By RACEK INDUSTRIES PVT LTD

RG-MH-57835 · RERA P51800047194 · Last updated on MahaRERA portal: 12 Feb 2026

Source: official MahaRERA filing

Red flags

  • 2 complaints at MahaRERA
  • Rs 65.00 crore secured on the land, in favour of ADITYA BIRAL HOUSING FINANCE LIMITED

Clear

  • No litigation declared
  • Completion date never moved
  • Separate project account declared
  • Allotment letter follows the model form
  • All 2 earlier projects delivered on promise

2 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.

See what the report covers Free either way: or have every new Mumbai Suburban registration emailed to you, free during the pilot beta.
Jun 2027Possession promisedno revision filed
18 of 33Construction stages doneacross 3 buildings; furthest along: Podiums (if any), 95%
36 of 169Units unsoldnot recorded sold or booked
2Complaints at MahaRERAon this registration
Jump to the 63 documents Report an error

AIKYA ROOTS is a Others project by RACEK INDUSTRIES PVT LTD in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800047194 on 11 Oct 2022. Possession is promised by 30 Jun 2027. 133 of the 169 units on this registration are recorded sold or booked, and 18 of 33 construction stages are filed complete. 2 complaints are on record with the regulator.

At a glance

Project

  • NameAIKYA ROOTS
  • TypeOthers
  • Location
    • LBS ROAD
    • VIKHROLI
    • Kurla
    • Mumbai Suburban
    • 400079
  • Pincode400079
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P51800047194
  • ReraGenie IDRG-MH-57835

Builder

  • NameRACEK INDUSTRIES PVT LTD
  • Entity typeCompany
  • ChairpersonSHANTILAL DEVICHAND JAIN
  • Managing DirectorPRATIK SHANTILAL JAIN
  • Declared earlier projects2 →

Key dates

this monthRegisteredOct 2022PromisedJun 2027

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on11 Oct 2022
  • Promised completion30 Jun 2027
  • Revised completionNone
  • Buildings3 building records
  • Documents filed63 files

Current status

79%133 of 169 units booked
60.6%Work done, per cost certificate

Figures as on 12 Feb 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
GOLDEN OAK C wingNA66077
ASHOKA A WINGNA212181081
BANYAN B WINGNA212181081

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 building3

As on 12 Feb 2026, 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.

18 of 33 construction stages are filed complete across 3 buildings. The stage furthest along is Podiums (if any), at 95%.

GOLDEN OAK C wing82%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)0%
Plinth100%
Stilt Floor0%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises100%
Sanitary Fittings within the flats / premises100%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks100%
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%
ASHOKA A WING82%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)95%
Plinth100%
Stilt Floor100%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises95%
Sanitary Fittings within the flats / premises25%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks95%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.55%
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.40%
BANYAN B WING80%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)95%
Plinth100%
Stilt Floor100%
Slabs of Super Structure95%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises95%
Sanitary Fittings within the flats / premises20%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks95%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.40%
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.40%

Progress on shared amenities15

As on 12 Feb 2026, 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 facilityProposedProgress
Internal Roads & FootpathsYes25%
Water SupplyYes20%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes25%
Storm Water DrainsYes25%
Landscaping & Tree PlantingYes0%
Street LightingYes0%
Community BuildingsNoNot applicable
Treatment And Disposal Of Sewage And Sullage WaterYes0%
Solid Waste Management And DisposalYes0%
Water conservation /Rain water harvestingYes0%
Energy managemcntNoNot applicable
Fire protection and fire safety requirementsYes60%
Electrical meter room, sub-station, receiving stationYes60%
Aggregate area of recreational Open SpaceYes0%
Open ParkingNoNot applicable

Parking filed156

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.

Total parking slots156
Closed/Covered156
BuildingClosed/CoveredTotal
GOLDEN OAK C wing2222
ASHOKA A WING6767
BANYAN B WING6767

Land and ownership

A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.

Land area3,540 sq m
Land owned byThe promoter
Named landownersNone
Encumbrance on the landDeclared present
Charge in favour ofADITYA BIRAL HOUSING FINANCE LIMITED
Secured amountRs 65.00 crore
CERSAI search filedYes
Declared on22 Nov 2025

Approvals and building plan

Sanctioning authorityMCGM
Permissible FSI10750.46
Proposed, not sanctioned3,179 sq m
Buildings approved3
Buildings sanctioned3

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.

Separate project accountDeclared
Bank branchGROUND FLOOR JEHANGIR BUILDING MG ROAD FORT MUMBAI 400001
Estimated costRs 78.75 cr
Cost incurredRs 47.75 cr
Work done60.63%
BuildingWingEstimatedIncurred
ASHOKA A WINGNARs 24.12 crRs 15.62 cr
BANYAN B WINGNARs 24.12 crRs 15.62 cr
-NARs 18.00 crRs 4.00 cr
GOLDEN OAK C wingNARs 12.51 crRs 12.51 cr

Certifying professionals and partners3

Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
Architectkalakruti architects and planners
EngineerPRAMOD SHELAR
Chartered AccountantANJALI GHATKAR & COMPANY
PartnerRole in project
RACEK INDUSTRIES PVT LTD-

Complaints filed with MahaRERA2

Case no.ComplainantRespondentFiled
CC12500935Renuka Kishor DaswaniRACEK INDUSTRIES PVT LTD17/03/2025
CC12504636Prakashchandra Harilal ShahRACEK INDUSTRIES PVT LTD26/12/2025

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.

  1. Legal title reportOn the file

    A lawyer's report on who owns the land and what is registered against it.

    uploaded 15 Sep 2022
  2. Layout approvalOn the file

    The planning authority's approval of how the plots and buildings sit on the land.

    uploaded 15 Sep 2022
  3. Building plan approvalOn the file

    Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.

    uploaded 6 Nov 2023
  4. Commencement CertificateOn the file

    Permission to begin construction. On a plotted development the same slot carries the NA order instead.

    uploaded 10 Jan 2025Confirm the Commencement Certificate covers the specific floor you are buying.
  5. Occupancy CertificateNot due yet

    The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.

    possession is promised for 30 Jun 2027

Documents filed63

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.

DocumentUploaded
Withdrawal Update Form 1File: Form_1_Architect_certificate_Aikya-Roots-2025-11-10_Upto-JUNE-2025-S (1).pdf12 Feb 2026
Withdrawal Update Form 2File: Engineer Certificate.pdf12 Feb 2026
Withdrawal Update Form 3File: CA Rera Certificate.pdf12 Feb 2026
Declaration in FORM BFile: form B.pdf11 Apr 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf11 Apr 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2.pdf11 Apr 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architech Certificate.pdf4 Mar 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate (2).pdf4 Mar 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf4 Mar 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf13 Jan 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate (2).pdf13 Jan 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf13 Jan 2025
Commencement Certificates / NA Order for plotted developmentFile: 2455700_FurtherCC_signed.pdf10 Jan 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf18 Dec 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form_1_Architect_certificate_Aikya-Roots-2024-08-14_Upto_JUNE-2024.pdf17 Dec 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: PRAMOD SHELAR.pdf17 Dec 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form_1_Architect_certificate_Aikya-Roots-2024-08-14_Upto_March-2024 (1).pdf9 Oct 2024
Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: CA_Certified_Form_No_5.pdf18 Jul 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf17 Apr 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form_1_Architect_certificate_Aikya-Roots-2023-12-29s (1).pdf16 Apr 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf16 Apr 2024
Commencement Certificates / NA Order for plotted developmentFile: 2398535_FurtherCC_signed.pdf28 Mar 2024
Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Racek_Industries_Form_5_Certificate.pdf12 Mar 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf11 Nov 2023
Building plan approvalFile: DRAWING-1.pdf6 Nov 2023
Building plan approvalFile: DRAWING-2.pdf6 Nov 2023
Building plan approvalFile: DRAWING-3.pdf6 Nov 2023
Building plan approvalFile: DRAWING-4.pdf6 Nov 2023
Building plan approvalFile: DRAWING-5.pdf6 Nov 2023
Building Plan Approval / NA Order for plotted developmentFile: DRAWING-1.pdf6 Nov 2023
Building Plan Approval / NA Order for plotted developmentFile: DRAWING-2.pdf6 Nov 2023
Building Plan Approval / NA Order for plotted developmentFile: DRAWING-3.pdf6 Nov 2023
Building Plan Approval / NA Order for plotted developmentFile: DRAWING-4.pdf6 Nov 2023
Building Plan Approval / NA Order for plotted developmentFile: DRAWING-5.pdf6 Nov 2023
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form_1_Architect_certificate_Aikya-Roots-2023-10-10.pdf2 Nov 2023
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf2 Nov 2023
Proforma of Agreement for saleFile: Final.pdf20 Jan 2023
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA_Certificate_11zon.pdf29 Sep 2022
Proforma of Allotment letterFile: racek_ind_agreement_rera_easy_draft.pdf29 Sep 2022
Deviation Report with respect to model copy of AgreementFile: Deviation_Report_For_Agreement_for_sale_11zon.pdf29 Sep 2022
CERSAI detailsFile: CERSAI_Search_Report_Asset_Id_Based_Search_200065529049.pdf22 Sep 2022
Proforma of Allotment letterFile: allotment_Letter_-_Final__1_.pdf22 Sep 2022
Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Details.pdf22 Sep 2022
Building plan approvalFile: Wing C.pdf21 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: Wing C.pdf21 Sep 2022
Deviation Report with respect to Allotment letterFile: deviation_letter_for_allotment.pdf20 Sep 2022
Declaration about Commencement CertificateFile: Declaration for Commencement.pdf16 Sep 2022
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf16 Sep 2022
Layout approvalFile: Drawing-1 (1).pdf15 Sep 2022
Building plan approvalFile: Drawing-3.pdf15 Sep 2022
Building plan approvalFile: Drawing-4.pdf15 Sep 2022
Building plan approvalFile: Drawing-5.pdf15 Sep 2022
Copy of the legal title reportFile: Title.pdf15 Sep 2022
Copy of Layout Approval (in case of layout)File: Drawing-1 (1).pdf15 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: Drawing-3.pdf15 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: Drawing-4.pdf15 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: Drawing-5.pdf15 Sep 2022
Details of encumbrances concerned to FinanceFile: Encumbrance for Finance.pdf14 Sep 2022
Details of encumbrances concerned to LegalFile: Encumbrance for Legal.pdf14 Sep 2022
Declaration in FORM BFile: Form_B__Racek_Rera_.pdf14 Sep 2022
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect_certificate.pdf12 Sep 2022
PAN CardFile: PAN Card -RACEK.pdf9 Sep 2022
Commencement Certificates / NA Order for plotted developmentFile: AIK-9936-1ST CC CERTIFICATE.pdf9 Sep 2022

Promoter's earlier projects2

As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.

2 delivered on promise
ProjectLocationFlatsStatusPromisedDelivered
EKLAVYA HOUSEMALABAR ABD CUMBALLA HILL8CompletedSep 2023Sep 2023
AIKYA SIGNATURETARDEO22CompletedJul 2021Jul 2021

How this compares with Mumbai Suburban

79%of this project is bookeddistrict median 30%
33%of Mumbai Suburban projects moved their completion datethis one has not
21%of Mumbai Suburban registrations have lapsed or been cancelledthis one is on the register

Computed across the 6,700+ Mumbai Suburban projects on ReraGenie, from their own filings.

Free monthly report: Mumbai on MahaRERA, month by month. What registered each month, this city against the other six, the possession pipeline and the pincode micro-markets, from these same filings.

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How alerts work

Other projects near VIKHROLI6,700+ in Mumbai Suburban

2 kmAIKYA ROOTSCompleted 30Lapsed / revoked 21Other 79Dot size: filed unitsN

Filed coordinates, straight-line distance. 130 registered projects within 2 km.

Builder: RACEK INDUSTRIES PVT LTD

RACEK INDUSTRIES PVT LTD has 1 registration on MahaRERA, including AIKYA ROOTS. Its filings disclose 2 earlier MahaRERA projects: declares 2 of 2 past projects completed on time. Read the full track record. See more projects on the Mumbai Suburban district page.

Frequently asked questions

What are my rights if AIKYA ROOTS is delayed beyond 30 Jun 2027?

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 AIKYA ROOTS?

The registered promoter entity is RACEK INDUSTRIES PVT LTD, a company 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 AIKYA ROOTS?

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 do I read the complaint cases filed against AIKYA ROOTS?

Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.

How current is the construction progress shown for AIKYA ROOTS?

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 AIKYA ROOTS?

The professionals named in the filing: Architect: kalakruti architects and planners; Engineer: PRAMOD SHELAR; Chartered Accountant: ANJALI GHATKAR & COMPANY. 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 AIKYA ROOTS?

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; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.

Read the whole filing and still not sure? That is what the Rs 499 buyer report is for: the conditions on this record read one by one, the progress against the promise, this promoter's other registrations, what the filed documents themselves say, and a ZIP of every document on the filing. It carries the Rs 299 project watch free for 90 days.

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