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CITI NEST
By Basons Investments Private Limited
RG-MH-64465 · RERA P51800049340 · Last updated on MahaRERA portal: 21 Oct 2024
Source: official MahaRERA filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against every project registered within 2 km.
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CITI NEST is a Residential / Group Housing project by Basons Investments Private Limited in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800049340 on 7 Feb 2023. The registration is recorded completed; possession was promised by 31 Dec 2024.
At a glance
Project
- NameCITI NEST
- TypeResidential / Group Housing
- Location
- J B NAGAR
- ANDHERI - EAST
- Andheri
- Mumbai Suburban
- 400059
- Pincode400059
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51800049340
- ReraGenie IDRG-MH-64465
Builder
- NameBasons Investments Private Limited
- Entity typeCompany
- DirectorsNirmal Kumar Bathwal, Bela Bathwal
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on7 Feb 2023
- Promised completion31 Dec 2024
- Revised completionNone
- Buildings1 building record
- Documents filed42 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| CITI NEST | 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 21 Oct 2024, 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.
2 of 11 construction stages are filed complete. The stage furthest along is Basement (if any), at 50%.
CITI NEST: 37% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 50% |
| Podiums (if any) | 0% |
| Plinth | 50% |
| Stilt Floor | 40% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 40% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 25% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 0% |
| 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% |
Progress on shared amenities17
As on 21 Oct 2024, 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 | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | Not applicable |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | No | Not applicable |
| Community Buildings | Yes | 10% |
| 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 | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | Yes | 10% |
| Servant Toilet | Yes | 30% |
| PUZZLE PARKING | Yes | 40% |
Parking filed25
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 ownership1
MahaRERA does not publish landowner contact details. MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| BASONS INVESTMENTS PRIVATE LIMITED | Kondivita | Mumbai Suburban |
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 | S V & ASSOCIATES |
| Engineer | AMIT PARSHURAM KAMBLE |
| Chartered Accountant | CHANDRAPRAKASH DOSHI |
| Partner | Role in project |
|---|---|
| Basons Investments Private Limited | - |
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 23 Jan 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 30 Dec 2022 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 30 Dec 2022 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 16 Jul 2022Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateOn 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.
uploaded 21 Oct 2024
Documents filed42
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 |
|---|---|
| Architect’s Certificate on Completion of Project (Form 4)File: Architect Completion Certificate.pdf | 21 Oct 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC Certificate.pdf | 21 Oct 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC Drawing.pdf | 21 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect's Certificate.pdf | 8 Jul 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Engineer's Certificate.pdf | 8 Jul 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf | 8 Jul 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5.pdf | 6 Mar 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: MB Quality Assurance Certificate Mar 2023.pdf | 20 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Citi Nest - Architect's Certificate.pdf | 19 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Citi Nest - Engineer's Certificate.pdf | 19 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Citi Nest - CA Certificate.pdf | 19 Oct 2023 |
| Other - TechnicalFile: Commencement Certificate.pdf | 1 Feb 2023 |
| Other - TechnicalFile: Change of Developer.pdf | 1 Feb 2023 |
| Copy of the legal title reportFile: Malpani Bhavan - Legal Title Report - RERA.pdf | 23 Jan 2023 |
| Proforma of Agreement for saleFile: Malpani Bhavan - Sale Agreement.pdf | 18 Jan 2023 |
| Deviation Report with respect to model copy of AgreementFile: Deviation Report - Agreement For Sale.pdf | 18 Jan 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: No Encumbrances on the Bank Account - Print.pdf | 12 Jan 2023 |
| PAN CardFile: PAN Card.pdf | 11 Jan 2023 |
| Details of encumbrances concerned to FinanceFile: Details of Encumbrances Finance.pdf | 10 Jan 2023 |
| Details of encumbrances concerned to LegalFile: Details of Encumbrances Finance.pdf | 10 Jan 2023 |
| Declaration about Commencement CertificateFile: Declaration of CC.pdf | 10 Jan 2023 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Sold Booked Inventory.pdf | 10 Jan 2023 |
| CERSAI detailsFile: CERSAI Search Report.pdf | 10 Jan 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Malpani Bhavan - CA Certificate.pdf | 10 Jan 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest - NB.pdf | 10 Jan 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest - BB.pdf | 10 Jan 2023 |
| Deviation Report with respect to Allotment letterFile: Deviation Report.pdf | 10 Jan 2023 |
| Layout approvalFile: 1 (3)_merged.pdf | 30 Dec 2022 |
| Building plan approvalFile: 2FSI IOD Certificate.pdf | 30 Dec 2022 |
| Building plan approvalFile: Amended 2FSI IOD Certificate.pdf | 30 Dec 2022 |
| Copy of Layout Approval (in case of layout)File: 1 (3)_merged.pdf | 30 Dec 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 2FSI IOD Certificate.pdf | 30 Dec 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: Amended 2FSI IOD Certificate.pdf | 30 Dec 2022 |
| Layout approvalFile: 2FSI Approved Plan.pdf | 21 Nov 2022 |
| Copy of Layout Approval (in case of layout)File: 2FSI Approved Plan.pdf | 21 Nov 2022 |
| Proforma of Allotment letterFile: Allotment Letter.pdf | 19 Jul 2022 |
| Declaration in FORM BFile: Declaration in FORM B.pdf | 18 Jul 2022 |
| Building plan approvalFile: Zero FSI IOD Certificate.pdf | 16 Jul 2022 |
| Layout approvalFile: Zero IOD Approved Plan.pdf | 16 Jul 2022 |
| Copy of Layout Approval (in case of layout)File: Zero IOD Approved Plan.pdf | 16 Jul 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: Zero FSI IOD Certificate.pdf | 16 Jul 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 16 Jul 2022 |
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- All 42 filed documents as one ZIP, foldered, with a manifest
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Builder: Basons Investments Private Limited
Basons Investments Private Limited has 1 registration on MahaRERA, including CITI NEST. 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 CITI NEST is delayed beyond 31 Dec 2024?
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 CITI NEST?
The registered promoter entity is Basons Investments Private Limited, 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 CITI NEST?
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 CITI NEST?
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 CITI NEST?
The professionals named in the filing: Architect: S V & ASSOCIATES; Engineer: AMIT PARSHURAM KAMBLE; Chartered Accountant: CHANDRAPRAKASH DOSHI. 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 CITI NEST?
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.
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