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FIVE ELEMENTS-VAYU
RG-MH-07924 · RERA P50500014883 · Last updated on MahaRERA portal: 27 Aug 2019
Source: official MahaRERA filing
Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
At a glance
Project
- NameFIVE ELEMENTS-VAYU
- TypeResidential / Group Housing
- Location
- besa wela road
- besa
- Nagpur (Rural)
- Nagpur
- 440034
- Pincode440034
- MapView location on Google Maps (as filed on RERA)
- RERA no.P50500014883
- ReraGenie IDRG-MH-07924
Builder
- NameLOKESH SATYAPRAKASH SHIVHARE
- Entity typeIndividual
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on9 Jan 2018
- Promised completion31 Dec 2018
- Revised completionNone
- Buildings1 building record
- Documents filed16 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| FIVE ELEMENTS-VAYU | NA | 4 | 0 | 0 | 0 | 0 |
These details are filed with MahaRERA and packaged in the Rs 499 buyer report. Create a free account to preview, or read the full report for the verdict.
Builder: LOKESH SATYAPRAKASH SHIVHARE
LOKESH SATYAPRAKASH SHIVHARE has 1 registration in this build, including FIVE ELEMENTS-VAYU. 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 FIVE ELEMENTS-VAYU is delayed beyond 31 Dec 2018?
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 FIVE ELEMENTS-VAYU?
The registered promoter entity is LOKESH SATYAPRAKASH SHIVHARE, an individual as per the filing. The filing discloses no 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, all downloadable free from this page with a login.
Is my payment protected in FIVE ELEMENTS-VAYU?
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.
Who certifies construction progress at FIVE ELEMENTS-VAYU?
The professionals named in the filing: Architect: YUVRAJ GAWAI. 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 FIVE ELEMENTS-VAYU?
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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