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business bay
By RITU MULTITRADE SERVICES PVT LTD
RG-MH-09319 · RERA P51800016955 · Last updated on MahaRERA portal: 14 Apr 2026
Source: official MahaRERA filing
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Red flags
- Completion date moved by 60 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
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.Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
business bay is a Commercial project by RITU MULTITRADE SERVICES PVT LTD in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800016955 on 25 Jun 2018. Possession is promised by 31 Dec 2030. The completion date has moved by 60 months from the original filing.
At a glance
Project
- Namebusiness bay
- TypeCommercial
- Location
- midc road
- midc area
- Andheri
- Mumbai Suburban
- 400093
- Pincode400093
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51800016955
- ReraGenie IDRG-MH-09319
Builder
- NameRITU MULTITRADE SERVICES PVT LTD
- Entity typeCompany
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on25 Jun 2018
- Promised completion31 Dec 2030
- Revised completionRevised to 31 Dec 2030 (originally 30 Dec 2025)
- Buildings1 building record
- Documents filed76 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| business bay | NA | 12 | 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 building1
As on 14 Apr 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.
5 of 11 construction stages are filed complete. The stage furthest along is Slabs of Super Structure, at 80%.
business bay: 81% 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 | 80% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 80% |
| Sanitary Fittings within the flats / premises | 70% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 60% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 30% |
| 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. | 75% |
Progress on shared amenities15
As on 14 Apr 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 | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | Not applicable |
| Storm Water Drains | No | Not applicable |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 100% |
| Solid Waste Management And Disposal | No | Not applicable |
| Water conservation /Rain water harvesting | No | Not applicable |
| Energy managemcnt | Yes | 100% |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 70% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed113
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
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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Mailk Associates |
| Engineer | sandeep laxman chougale |
| Chartered Accountant | Rishi Sekhri |
| Partner | Role in project |
|---|---|
| RITU MULTITRADE SERVICES PVT LTD | - |
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 promoterAt the time of registrtion, only 3 floors were sanctioned. Now, the total sanctioned floors are 9 ( 3 old + 6 new ). All units from the previosly sanctioned floors are sold, and consent letters are attched. Kindly grant an extention up to 31/12/2030 to allow continuous constraction of the project.
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 6 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 14 Jun 2018 - 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 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 5 Jul 2017Confirm the Commencement Certificate covers the specific floor you are buying. - 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 2030
Documents filed76
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 |
|---|---|
| Form 1File: FORM 1.pdf | 14 Apr 2026 |
| Form 2File: FORM 2.pdf | 14 Apr 2026 |
| Form 3File: RITU FORM 3.pdf | 14 Apr 2026 |
| Disclosure of Sold and Booked InventoryFile: SOLD UNSOLD.pdf | 14 Apr 2026 |
| Form 1File: FORM 1.pdf | 12 Feb 2026 |
| Form 2File: FORM 2.pdf | 12 Feb 2026 |
| Form 3File: FORM 3.pdf | 12 Feb 2026 |
| Disclosure of Sold and Booked InventoryFile: RITU - SOLD UNSOLD - DEC25.pdf | 12 Feb 2026 |
| Form 1File: FORM 1.pdf | 13 Oct 2025 |
| Form 2File: form2.pdf | 13 Oct 2025 |
| Form 3File: FORM3.pdf | 13 Oct 2025 |
| Disclosure of Sold and Booked InventoryFile: SOLD UNSODLD.pdf | 13 Oct 2025 |
| Form 5 (FY 2024-2025)File: RITU FORM 5 - 2024-25.pdf | 1 Oct 2025 |
| Form 1File: ARCHITECH CERTIFICATE - JUN25.pdf | 21 Jul 2025 |
| Form 2File: ENG.pdf | 21 Jul 2025 |
| Form 3File: RITU FORM-3 - JUN25.pdf | 21 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: sold unsold.pdf | 21 Jul 2025 |
| Declaration in FORM BFile: FORM B.pdf | 22 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 30032024.pdf | 22 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 30062024.pdf | 22 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 30092024.pdf | 22 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 30122024.pdf | 22 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 30032025.pdf | 22 Apr 2025 |
| Certificates of CA (Form 3)File: FORM - 3 - MAR25 SCAN COPY.pdf | 22 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30032024.pdf | 22 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30062024.pdf | 22 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30092024.pdf | 22 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30122024.pdf | 22 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30032025.pdf | 22 Apr 2025 |
| Other - TechnicalFile: ANNEXURE A.pdf | 22 Apr 2025 |
| Certificates of CA (Form 3)File: 30062024.pdf | 21 Apr 2025 |
| Certificates of CA (Form 3)File: 30092024.pdf | 21 Apr 2025 |
| Certificates of CA (Form 3)File: 30122024.pdf | 21 Apr 2025 |
| Certificates of CA (Form 3)File: 30032025.pdf | 21 Apr 2025 |
| Certificates of CA (Form 3)File: 30032024.pdf | 21 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: 30032025.pdf | 21 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: 30122024.pdf | 21 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: 30092024.pdf | 21 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: 30062024.pdf | 21 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: 30032024.pdf | 21 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30032024.pdf | 21 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30062024.pdf | 21 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30092024.pdf | 21 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30122024.pdf | 21 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: 30032025.pdf | 21 Apr 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: 2023-24.pdf | 21 Apr 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: 2024-25.pdf | 21 Apr 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: FORM-5.pdf | 21 Apr 2025 |
| CERSAI detailsFile: CRESAI RITU.pdf | 31 Jan 2025 |
| Deviation Report with respect to Allotment letterFile: RITU - ALLOTMENT LETTER.pdf | 31 Jan 2025 |
| Deviation Report with respect to model copy of AgreementFile: RITU - AGREEMENT OF SALE AS PER MAHARERA.pdf | 31 Jan 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: FORM 5 ritu 2025.pdf | 31 Jan 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: FORM 5 ritu 2025.pdf | 31 Jan 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: architect certificate ritu.pdf | 29 Jan 2025 |
| Proforma of Agreement for saleFile: 1 Proforma of Allotment letter.pdf | 29 Jan 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: RE.pdf | 29 Jan 2025 |
| Details of encumbrances concerned to FinanceFile: encum.pdf | 4 May 2023 |
| Details of encumbrances concerned to LegalFile: encum.pdf | 4 May 2023 |
| Declaration about Commencement CertificateFile: cc.pdf | 4 May 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2017-18)File: RITU - FORM 5.pdf | 4 May 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: RITU - FORM 5.pdf | 4 May 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: RITU - FORM 5.pdf | 4 May 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: RITU - FORM 5.pdf | 4 May 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: bank.pdf | 4 May 2023 |
| Layout approvalFile: New Doc 2018-06-14.pdf | 14 Jun 2018 |
| Copy of Layout Approval (in case of layout)File: New Doc 2018-06-14.pdf | 14 Jun 2018 |
| Certificates of CA (Form 3)File: ritu form 3.pdf | 29 May 2018 |
| Declaration in FORM BFile: ritu.pdf | 26 Feb 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Document2.pdf | 26 Feb 2018 |
| Details of encumbrancesFile: no enc ritu.pdf | 12 Jul 2017 |
| Building plan approvalFile: iod (1).pdf | 6 Jul 2017 |
| Copy of the legal title reportFile: title certificate.pdf | 6 Jul 2017 |
| Building Plan Approval (IOD)File: iod (1).pdf | 6 Jul 2017 |
| Proforma of Allotment letterFile: agreement.pdf | 6 Jul 2017 |
| PAN CardFile: RITU-PANCARD.pdf | 5 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: cc.pdf | 5 Jul 2017 |
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Buyer report
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- 2 conditions on this project's record read and explained, with the clear checks alongside
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- All 76 filed documents as one ZIP, foldered, with a manifest
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Project watch
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Builder: RITU MULTITRADE SERVICES PVT LTD
RITU MULTITRADE SERVICES PVT LTD has 1 registration on MahaRERA, including business bay. 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 are my rights if business bay is delayed beyond 31 Dec 2030?
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 business bay?
The registered promoter entity is RITU MULTITRADE SERVICES 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 business bay?
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 business bay?
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 business bay?
The professionals named in the filing: Architect: Mailk Associates; Engineer: sandeep laxman chougale; Chartered Accountant: Rishi Sekhri. 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 business bay?
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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