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GAIKWAD RESIDENCY
By NIWARA GROUP
RG-MH-44867 · RERA P51700032676 · Last updated on MahaRERA portal: 13 Mar 2026
Source: official MahaRERA filing
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Red flags
- Completion date moved by 12 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.
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GAIKWAD RESIDENCY is a Residential / Group Housing project by NIWARA GROUP in Thane, Maharashtra, registered with MahaRERA as P51700032676 on 17 Jan 2022. Possession is promised by 31 Dec 2026. The completion date has moved by 12 months from the original filing. 28 of the 35 units on this registration are recorded sold or booked, and 3 of 11 construction stages are filed complete.
At a glance
Project
- NameGAIKWAD RESIDENCY
- TypeResidential / Group Housing
- Location
- Umbharni Maniwali Road
- Near Water Tank
- Chavindra
- Thane
- 421102
- Pincode421102
- RERA no.P51700032676
- ReraGenie IDRG-MH-44867
Builder
- NameNIWARA GROUP
- Entity typePartnership
- PartnersReshma Sandeep Gaikwad, Tejshri Hemant Gaikwad, Hemant Baban Gaikwad
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on17 Jan 2022
- Promised completion31 Dec 2026
- Revised completionRevised to 31 Dec 2026 (originally 31 Dec 2025)
- Buildings1 building record
- Documents filed35 files
Current status
Figures as on 13 Mar 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| GAIKWAD RESIDENCY | NA | 9 | 7 | 35 | 0 | 35 |
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 13 Mar 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.
3 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 80%.
GAIKWAD RESIDENCY: 51% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 80% |
| Sanitary Fittings within the flats / premises | 50% |
| 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. | 70% |
| 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 amenities15
As on 13 Mar 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 | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| 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 | Yes | 0% |
| 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 | 0% |
Parking filed17
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 ownership2
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 |
|---|---|---|
| HEMANT BABAN GAIKWAD | Kalyan | Thane |
| SANDEEP BABAN GAIKWAD | Kalyan | Thane |
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 |
|---|---|---|---|
| GAIKWAD RESIDENCY | NA | Rs 2.66 cr | Rs 2.27 cr |
| - | NA | Rs 14.00 lakh | Rs 11.93 lakh |
Certifying professionals and partners5
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Vitan Consultants |
| Engineer | Khasnis & Associates |
| Engineer | SK Consultants & Engineers |
| Chartered Accountant | Ganesh Gokul Patil |
| Chartered Accountant | NB Sayed & Associates |
| Partner | Role in project |
|---|---|
| NIWARA GROUP | - |
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 promoterWe apologize for the delay in the completion of the project. The delay occurred as the project was registered under RERA on 17/01/2022, and due to the post-COVID impact, the real estate sector was adversely affected. As a result, we received our first booking only around July 2023, which led to low initial sales and subsequent financial constraints. Since this is our first project and we had no prior experience, these challenges further impacted the project timeline. However, we have now stabilized financially, work is progressing efficiently, and we are fully committed to completing the proje
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 10 Jan 2022 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 22 Dec 2021 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 22 Dec 2021 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 22 Dec 2021Confirm 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 2026
Documents filed35
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 |
|---|---|
| Withdrawal Update Form 1File: Form 1 - Dec 25.pdf | 13 Mar 2026 |
| Withdrawal Update Form 2File: Form 2 - Dec 25.pdf | 13 Mar 2026 |
| Withdrawal Update Form 3File: Form 3 Dec 25.pdf | 13 Mar 2026 |
| Withdrawal Update Form 1File: Architect Certificate_05022024.pdf | 12 Jan 2026 |
| Withdrawal Update Form 1File: Architect Certificate_05022024.pdf | 12 Jan 2026 |
| Withdrawal Update Form 2File: ENGINEERS CERTIFICATE FORM 2_11zon.pdf | 12 Jan 2026 |
| Withdrawal Update Form 2File: ENGINEERS CERTIFICATE FORM 2_11zon.pdf | 12 Jan 2026 |
| Withdrawal Update Form 3File: Form 3 of Gaikwad Residency till 30-09-2025.pdf | 12 Jan 2026 |
| Withdrawal Update Form 3File: Form 3 of Gaikwad Residency till 30-09-2025.pdf | 12 Jan 2026 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Niwara group FORM3.pdf | 27 May 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM3F.pdf | 9 May 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM3_c.pdf | 29 Apr 2024 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: NOTARY.pdf | 29 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate_05022024.pdf | 14 Mar 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEERS CERTIFICATE FORM 2_11zon.pdf | 14 Mar 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Form 2A.pdf | 14 Mar 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3.pdf | 14 Mar 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5.pdf | 14 Mar 2024 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Format_Bank Account updation.pdf | 14 Mar 2024 |
| Copy of the legal title reportFile: Legal Title Report.pdf | 10 Jan 2022 |
| Declaration about Commencement CertificateFile: CC Declaration.pdf | 10 Jan 2022 |
| CERSAI detailsFile: CERSAI REPORT.pdf | 10 Jan 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf | 10 Jan 2022 |
| Declaration in FORM BFile: Form b 1.pdf | 23 Dec 2021 |
| Layout approvalFile: layout.pdf | 22 Dec 2021 |
| Building plan approvalFile: layout.pdf | 22 Dec 2021 |
| PAN CardFile: niwara group pan.pdf | 22 Dec 2021 |
| Copy of the legal title reportFile: Title certificate 2.pdf | 22 Dec 2021 |
| Copy of the legal title reportFile: Title Certificate.pdf | 22 Dec 2021 |
| Details of encumbrancesFile: encrumbrance certificate.pdf | 22 Dec 2021 |
| Copy of Layout Approval (in case of layout)File: layout.pdf | 22 Dec 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: layout.pdf | 22 Dec 2021 |
| Commencement Certificates / NA Order for plotted developmentFile: cc.pdf | 22 Dec 2021 |
| Proforma of Allotment letterFile: AGREEMENT FOR SALE.pdf | 22 Dec 2021 |
| Proforma of Allotment letterFile: Provisional Allotment Letter (1).pdf | 22 Dec 2021 |
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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
- All 35 filed documents as one ZIP, foldered, with a manifest
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Project watch
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- Plain words, conditions that have happened marked in red
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Builder: NIWARA GROUP
NIWARA GROUP has 1 registration on MahaRERA, including GAIKWAD RESIDENCY. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Thane district page.
Frequently asked questions
What are my rights if GAIKWAD RESIDENCY 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 GAIKWAD RESIDENCY?
The registered promoter entity is NIWARA GROUP, a partnership 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 GAIKWAD RESIDENCY?
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 GAIKWAD RESIDENCY?
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 GAIKWAD RESIDENCY?
The professionals named in the filing: Architect: Vitan Consultants; Engineer: Khasnis & Associates; Engineer: SK Consultants & Engineers; Chartered Accountant: Ganesh Gokul Patil; Chartered Accountant: NB Sayed & Associates. 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 GAIKWAD RESIDENCY?
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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