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Registered No litigation declared Mixed project

H. Rishabraj Towers

By RISHABRAJ ESTATE DEVELOPERS PVT LTD

RG-MH-86350 · RERA PM1180002502294 · Last updated on MahaRERA portal: 17 Jun 2026

Source: official MahaRERA filing

Red flags

  • Rs 24.00 crore secured on the land, in favour of AU Small Finance Bank Ltd
  • The declared charge does not appear in the CERSAI report on the filing

Clear

  • No litigation declared
  • No complaints on record
  • Completion date never moved
  • 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.
Dec 2032Possession promisedno revision filed
0 of 22Construction stages doneacross 2 buildings; furthest along: Excavation, 10%
0Complaints at MahaRERAon this registration
Jump to the 6 documents Report an error

H. Rishabraj Towers is a Mixed project by RISHABRAJ ESTATE DEVELOPERS PVT LTD in Mumbai Suburban, Maharashtra, registered with MahaRERA as PM1180002502294 on 9 Feb 2026. Possession is promised by 31 Dec 2032.

At a glance

Project

  • NameH. Rishabraj Towers
  • TypeMixed
  • Location
    • R. M. Bhattad Road
    • Borivali West
    • Borivali
    • Mumbai Suburban
    • 400092
  • Pincode400092
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.PM1180002502294
  • ReraGenie IDRG-MH-86350

Builder

  • NameRISHABRAJ ESTATE DEVELOPERS PVT LTD
  • Entity typeCompany
  • CINU17110MH1995PTC087216
  • GSTIN27AAACS5700N1Z8
  • Managing DirectorHARISH RATANCHAND JAIN
  • DirectorRATANCHAND DESHMALJI JAIN
  • Other registrations12 more →
  • Completed5 of 13
  • No longer live1 lapsed, de-registered or revoked
  • Declared earlier projects10 →

Key dates

this monthRegisteredFeb 2026PromisedDec 2032

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on9 Feb 2026
  • Promised completion31 Dec 2032
  • Revised completionNone
  • Buildings2 building records
  • Documents filed6 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Rishabraj AetheriaWest00000
Rishabraj AetheriaEast00000

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 building2

As on 17 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.

0 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Excavation, at 10%.

Rishabraj Aetheria · wing West1%
ActivityProgress
Excavation10%
Basement (if any)0%
Podiums (if any)0%
Plinth0%
Stilt Floor0%
Slabs of Super Structure0%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises0%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks0%
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%
Rishabraj Aetheria · wing East1%
ActivityProgress
Excavation10%
Basement (if any)0%
Podiums (if any)0%
Plinth0%
Stilt Floor0%
Slabs of Super Structure0%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises0%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks0%
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 amenities15

As on 17 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 facilityProposedProgress
Internal Roads & FootpathsNoNot applicable
Water SupplyNo0%
Sewerage (Chamber, Lines, Septic Tank , STP)No0%
Storm Water DrainsNo0%
Landscaping & Tree PlantingNo0%
Street LightingNoNot applicable
Community BuildingsNoNot applicable
Treatment And Disposal Of Sewage And Sullage WaterNo0%
Solid Waste Management And DisposalNo0%
Water conservation /Rain water harvestingNo0%
Energy managemcntNoNot applicable
Fire protection and fire safety requirementsNo0%
Electrical meter room, sub-station, receiving stationNo0%
Aggregate area of recreational Open SpaceNoNot applicable
Open ParkingNoNot applicable

Land and ownership1

MahaRERA does not publish landowner contact details. 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.

Land area15,551 sq m
Land owned byNot the promoter
Named landowners1
Encumbrance on the landDeclared present
Charge in favour ofAU Small Finance Bank Ltd
Secured amountRs 24.00 crore
CERSAI search filedYes
Declared on5 Feb 2026
LandownerVillageDistrict
Mumbai Khadi and Village Industries Associetion-Mumbai City

Approvals and building plan

Sanctioning authorityMCGM
Permissible FSI14496.0
Buildings approved1
Buildings sanctioned1

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.

Separate project accountDeclared
Bank branchOM SIDDHIGIRI CO-OP HOUSING SOCIETY LTD,SHOP NO.1 TO 5,PLOT NO.2,GIRIVIHAR NAGAR,NEAR SHANTIVAN,SHRIKRISHNA NAGAR,SANT DYANESHWAR MARG,BORIVALI-EAST,MUMBAI-400066
Cost incurredRs 1.67 cr
BuildingWingEstimatedIncurred
Rishabraj AetheriaWest-Rs 83.49 lakh
Rishabraj AetheriaEast-Rs 83.49 lakh

Certifying professionals and partners4

Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectMEHUL KANAKIA
EngineerJW Consultants LLP
EngineerMihir Mewada
Chartered AccountantLADDHA & LADDHA
PartnerRole in project
RISHABRAJ ESTATE DEVELOPERS PVT LTD-

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.

  1. Legal title reportNot on the file

    A lawyer's report on who owns the land and what is registered against it.

  2. Layout approvalOn the file

    The planning authority's approval of how the plots and buildings sit on the land.

    uploaded 26 Dec 2025
  3. Building plan approvalOn the file

    Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.

    uploaded 26 Dec 2025
  4. Commencement CertificateNot on the file

    Permission to begin construction. On a plotted development the same slot carries the NA order instead.

  5. 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 2032

Documents filed6

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.

DocumentUploaded
Withdrawal Update Form 1File: Withdrawal Application Form1- Signed.pdf17 Jun 2026
Withdrawal Update Form 2File: Withdrawal update Form 2.pdf17 Jun 2026
Withdrawal Update Form 3File: Form 4 H Rishabraj Towers Q4 signed.pdf17 Jun 2026
Layout approvalFile: IOD Plan Aetheria.pdf26 Dec 2025
Declaration and undertaking (Annexure A)File: Annexure- A Order 50.pdf10 Nov 2025
Building plan approvalFile: IOD Plan.pdf3 Nov 2025

Promoter's earlier projects10

As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.

4 delivered on promise2 delivered late4 under way, not due yet
ProjectLocationFlatsRegisteredStatusPromisedDelivered
RISHABRAJ CERAMONTPM1180002500260Evershine Nagar, Mumbai Suburban55Jul 2025OngoingDec 2031Not due yet
Rishabraj AvyaanaPM1180002501823Goregaon West, Mumbai Suburban119Dec 2025OngoingDec 2029Not due yet
RISHABRAJ ASTRALP51800077784BORIVALI WEST, Mumbai Suburban28Oct 2024OngoingAug 2029Not due yet
Rishabraj Forest FrontPM1180002501049Borivali East, Mumbai Suburban31Oct 2025OngoingDec 2028Not due yet
RISHABRAJ PHOENIXP51800033878BORIVALI WEST, Mumbai Suburban90Mar 2022CompletedFeb 2027Dec 2025
BLUE LOTUSP51800033826KHAR WEST, Mumbai Suburban-Mar 2022CompletedDec 2025Jun 2024
RISHABRAJ SUJAIP51800031075MALAD EAST, Mumbai Suburban-Oct 2021CompletedAug 2024Apr 2023
RISHABRAJ AGNELP51800030530BORIVALI WEST, Mumbai Suburban-Aug 2021CompletedAug 2024Mar 2023
Dahisar Sunderbaug co-op housing society ltd.P51800002464Borivali, Mumbai Suburban-Aug 2017CompletedDec 2019Registered original: Dec 2018Late, Mar 2020
Das Bhavan CHSLP51800007281Borivali, Mumbai Suburban-Aug 2017CompletedDec 2018Registered original: Dec 2017Late, Feb 2019

How this compares with Mumbai Suburban

33%of Mumbai Suburban projects moved their completion datethis one has not
21%of Mumbai Suburban registrations have lapsed or been cancelledthis one is on the register

Computed across the 6,700+ Mumbai Suburban projects on ReraGenie, from their own filings.

Free monthly report: Mumbai on MahaRERA, month by month. What registered each month, this city against the other six, the possession pipeline and the pincode micro-markets, from these same filings.

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How alerts work

Other projects near Borivali West6,700+ in Mumbai Suburban

2 kmH. Rishabraj TowersCompleted 160Lapsed / revoked 95Other 209Dot size: filed unitsN

Filed coordinates, straight-line distance. 464 registered projects within 2 km.

Builder: RISHABRAJ ESTATE DEVELOPERS PVT LTD

RISHABRAJ ESTATE DEVELOPERS PVT LTD has 13 registrations on MahaRERA, including Dahisar Sunderbaug co-op housing society ltd. and Das Bhavan CHSL. Its filings disclose 10 earlier MahaRERA projects: declares 4 of 6 past projects completed on time. Litigation is declared on 1 of its registrations. Read the full track record. See more projects on the Mumbai Suburban district page.

Frequently asked questions

What are my rights if H. Rishabraj Towers is delayed beyond 31 Dec 2032?

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 H. Rishabraj Towers?

The registered promoter entity is RISHABRAJ ESTATE DEVELOPERS PVT LTD, a company as per the filing. Its CIN U17110MH1995PTC087216 and GSTIN 27AAACS5700N1Z8 can be cross-checked on the MCA and GST portals. 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 H. Rishabraj Towers?

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 H. Rishabraj Towers?

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 H. Rishabraj Towers?

The professionals named in the filing: Architect: MEHUL KANAKIA; Engineer: JW Consultants LLP; Engineer: Mihir Mewada; Chartered Accountant: LADDHA & LADDHA. 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 H. Rishabraj Towers?

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.

Read the whole filing and still not sure? That is what the Rs 499 buyer report is for: the conditions on this record read one by one, the progress against the promise, this promoter's other registrations, what the filed documents themselves say, and a ZIP of every document on the filing. It carries the Rs 299 project watch free for 90 days.

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