Home / Browse projects / Nagpur, Maharashtra / Akshay
Akshay
RG-MH-01520 · RERA P50500010478 · Last updated on MahaRERA portal: 24 Jun 2026
Source: official MahaRERA filing
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Red flags
- Completion date moved by 48 months
- 1 extension taken
- Rs 3.00 crore secured on the land, in favour of BULDHANA URBAN COOPERATIVE CREDIT SOCIETY LTD
- The declared charge does not appear in the CERSAI report on the filing
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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Akshay is a Residential / Group Housing project by Mahendra Purushottam Tank in Nagpur, Maharashtra, registered with MahaRERA as P50500010478 on 31 Aug 2017. Possession is promised by 31 Dec 2026. The completion date has moved by 48 months from the original filing. 70 of the 89 units on this registration are recorded sold or booked, and 10 of 11 construction stages are filed complete.
At a glance
Project
- NameAkshay
- TypeResidential / Group Housing
- Location
- Ward no 42
- Sheet no 12
- City Survey No 01
- Nagpur
- Chikhali (Deosthan)
- Nagpur (M Corp.)
- Nagpur (Urban)
- Nagpur
- 440002
- Pincode440002
- MapView location on Google Maps (as filed on RERA)
- RERA no.P50500010478
- ReraGenie IDRG-MH-01520
Builder
- NameMahendra Purushottam Tank
- Entity typeIndividual
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on31 Aug 2017
- Promised completion31 Dec 2026
- Revised completionRevised to 31 Dec 2026 (originally 30 Dec 2022)
- Buildings1 building record
- Documents filed166 files
Current status
Figures as on 24 Jun 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Akshay | NA | 8 | 6 | 89 | 0 | 89 |
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 building1
As on 24 Jun 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.
10 of 11 construction stages are filed complete. The stage furthest along is Sanitary Fittings within the flats / premises, at 75%.
Akshay: 98% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 75% |
| 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 24 Jun 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 facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | No | Not applicable |
| Water Supply | No | Not applicable |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | Not applicable |
| Storm Water Drains | No | Not applicable |
| Landscaping & Tree Planting | No | Not applicable |
| 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 | No | Not applicable |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 45% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | Yes | 0% |
Parking filed314
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.
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.
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| Akshay | NA | Rs 10.50 cr | Rs 7.65 cr |
Certifying professionals and partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | RAHUL DESHPANDE |
| Engineer | BALRAM GUPTA |
| Chartered Accountant | Budhraja & Company |
| Partner | Role in project |
|---|---|
| Mahendra Purushottam Tank | - |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterFinancial hardships due to under valued & low sales than expected. I, the promoter had to liquidate my personal property to ensure completion of the project. Now the project is out of debt & in position of completion hence requesting your genuine kindness in approving the extension & completion for me to deliver the promised units to the buyers & complete the project appropriately. Have also attached the PERT CPM chart for reference.
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 31 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 31 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 31 Jul 2017 - Commencement CertificateNot on the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
- 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 31 Dec 2026
Documents filed166
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath; the newest 80 of 166 are shown. 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 |
|---|---|
| Withdrawal Update Form 1File: Form 1 - Architect.pdf | 24 Jun 2026 |
| Withdrawal Update Form 2File: Form 2 - Engineer.pdf | 24 Jun 2026 |
| Withdrawal Update Form 3File: Form 3 - CA.pdf | 24 Jun 2026 |
| Form 1File: March 2023.pdf | 23 Jun 2026 |
| Form 2File: EC Mar 23.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Mar 23.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: INVENTORY 2023.pdf | 23 Jun 2026 |
| Form 1File: AC Jun 23.pdf | 23 Jun 2026 |
| Form 2File: EC Jun 23.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Jun 23.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: June 2023.pdf | 23 Jun 2026 |
| Form 1File: AC Sept-23.pdf | 23 Jun 2026 |
| Form 2File: EC Sept-23.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Sept 23.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: Sept 2023.pdf | 23 Jun 2026 |
| Form 1File: AC Dec 23.pdf | 23 Jun 2026 |
| Form 2File: EC Dec-23.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Dec 23.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: December 2023.pdf | 23 Jun 2026 |
| Form 1File: AC Mar 24.pdf | 23 Jun 2026 |
| Form 2File: EC Mar-24.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Mar 24.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: March 2024.pdf | 23 Jun 2026 |
| Form 1File: AC Jun-24.pdf | 23 Jun 2026 |
| Form 2File: EC Jun-24.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Jun 24.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: June 2024.pdf | 23 Jun 2026 |
| Form 1File: AC Sept 24.pdf | 23 Jun 2026 |
| Form 2File: EC Sept-24.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Sept 24.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: Sept 24.pdf | 23 Jun 2026 |
| Form 1File: AC Dec-24.pdf | 23 Jun 2026 |
| Form 2File: EC Dec-24.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Dec 2024.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: December 2024.pdf | 23 Jun 2026 |
| Form 1File: AC Mar 25.pdf | 23 Jun 2026 |
| Form 2File: EC Mar-25.pdf | 23 Jun 2026 |
| Form 3File: Form 3 Mar 25.pdf | 23 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: March 2025.pdf | 23 Jun 2026 |
| Withdrawal Update Form 1File: AC Jun 25.pdf | 23 Jun 2026 |
| Withdrawal Update Form 1File: AC Sept 25.pdf | 23 Jun 2026 |
| Withdrawal Update Form 1File: AC Dec 25.pdf | 23 Jun 2026 |
| Withdrawal Update Form 2File: EC Jun-25.pdf | 23 Jun 2026 |
| Withdrawal Update Form 2File: EC Sept-25.pdf | 23 Jun 2026 |
| Withdrawal Update Form 2File: EC Dec-25.pdf | 23 Jun 2026 |
| Withdrawal Update Form 3File: Form 3 Jun 25.pdf | 23 Jun 2026 |
| Withdrawal Update Form 3File: Form 3 Sept 25.pdf | 23 Jun 2026 |
| Withdrawal Update Form 3File: Form 3 Dec-25.pdf | 23 Jun 2026 |
| Form 2A (FY 2023-2024)File: QA Certificate FY 23 24.pdf | 23 Jun 2026 |
| Form 2A (FY 2024-2025)File: QA Certificate FY 24 25.pdf | 23 Jun 2026 |
| Form 2A (FY 2025-2026)File: Form 2A - FY 25-26.pdf | 23 Jun 2026 |
| Form 5 (FY 2023-2024)File: Annual Form 5 23 24.pdf | 23 Jun 2026 |
| Form 5 (FY 2024-2025)File: Annual Form 5 24 25.pdf | 23 Jun 2026 |
| Form 5 (FY 2025-2026)File: Form 5 - FY 25-26.pdf | 23 Jun 2026 |
| Form 1File: Form 1 Sept 2017.pdf | 8 Jun 2026 |
| Form 2File: Form 2 Sept 2017.pdf | 8 Jun 2026 |
| Form 3File: Form 3 Sept 2017.pdf | 8 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: Sept 2017.pdf | 8 Jun 2026 |
| Form 1File: Form 1 Dec 2017.pdf | 8 Jun 2026 |
| Form 2File: Form 2 Dec 2017.pdf | 8 Jun 2026 |
| Form 3File: Form 3 Dec 2017.pdf | 8 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: Dec 2017.pdf | 8 Jun 2026 |
| Form 1File: March 2018.pdf | 8 Jun 2026 |
| Form 2File: March 2018.pdf | 8 Jun 2026 |
| Form 3File: Form 3 2018.pdf | 8 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: March 2018.pdf | 8 Jun 2026 |
| Form 1File: June 2018.pdf | 8 Jun 2026 |
| Form 2File: June 2018.pdf | 8 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: June 2018.pdf | 8 Jun 2026 |
| Form 3File: June 2018.pdf | 8 Jun 2026 |
| Form 1File: Sept 2018.pdf | 8 Jun 2026 |
| Form 2File: Sept 2018.pdf | 8 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: Sept 2018.pdf | 8 Jun 2026 |
| Form 3File: Sept 2018.pdf | 8 Jun 2026 |
| Form 1File: Dec 2018.pdf | 8 Jun 2026 |
| Form 2File: Dec 2018.pdf | 8 Jun 2026 |
| Form 3File: Dec 2018.pdf | 8 Jun 2026 |
| Disclosure of Sold and Booked InventoryFile: Dec 2018.pdf | 8 Jun 2026 |
| Form 1File: March 2019.pdf | 8 Jun 2026 |
| Form 2File: March 2019.pdf | 8 Jun 2026 |
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Buyer report
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Project watch
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Builder: Mahendra Purushottam Tank
Mahendra Purushottam Tank has 1 registration on MahaRERA, including Akshay. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Nagpur district page.
Frequently asked questions
What are my rights if Akshay is delayed beyond 31 Dec 2026?
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 Akshay?
The registered promoter entity is Mahendra Purushottam Tank, an individual 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 Akshay?
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 Akshay?
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 Akshay?
The professionals named in the filing: Architect: RAHUL DESHPANDE; Engineer: BALRAM GUPTA; Chartered Accountant: Budhraja & 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 Akshay?
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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