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madhav nagar commercial
RG-MH-77230 · RERA P51900018953 · Last updated on MahaRERA portal: 2 Dec 2024
Source: official MahaRERA filing
Red flags
- Completion date moved by 39 months
- 3 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
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: .Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
madhav nagar commercial is a Commercial project by SUSHANKU BUILDERS LIMITED in wadala west, 400031, registered with MahaRERA as P51900018953 on 17 Dec 2018. The registration is recorded completed; possession was promised by 30 Sep 2023. The completion date has moved by 39 months from the original filing.
At a glance
Project
- Namemadhav nagar commercial
- TypeCommercial
- Location
- Rafi ahmed Kidwai Marg
- wadala west
- 400031
- Pincode400031
- RERA no.P51900018953
- ReraGenie IDRG-MH-77230
Builder
- NameSUSHANKU BUILDERS LIMITED
- Entity typeCompany
- DirectorAnkush ashok Gupta
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on17 Dec 2018
- Promised completion30 Sep 2023
- Revised completionRevised to 30 Sep 2023 (originally 30 Jun 2020)
- Buildings1 building record
- Documents filed47 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| madeena market and tower | NA | 21 | 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 2 Dec 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.
11 of 11 construction stages are filed complete.
madeena market and tower: 100% 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 | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 100% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 100% |
| 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. | 100% |
Progress on shared amenities15
As on 2 Dec 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 | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | No | Not applicable |
| Street Lighting | No | Not applicable |
| Community Buildings | Yes | 100% |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | Yes | 100% |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed30
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 partners1
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | MITI DESIGNERS AND PLANNERS |
| Partner | Role in project |
|---|---|
| SUSHANKU BUILDERS LIMITED | - |
Extensions applied for3
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterThe Project is completed but the occupancy certificate is pending which will be coming in a few months. Therefore we would request you to please grant us the extension for a period up to 30.09.2023
Reason as filed by the promoterBUILDING IS COMPLETED UPTO 13 FLOORS , FURTHER CONSTRUCTION IS STOPPED DUE TO DELAY IN APPROVALS. APPROVALS HAVE BEEN APPLIED SINCE 3 MONTHS.
Reason as filed by the promoterWE HAVE APPLIED FOR APPROVAL BUT IT WILL TAKE TIME SO PLEASE GRANT US CERTIFICATE TILL 30.03.2023
Litigation declared2
| Case | Court | Status |
|---|---|---|
| 2710/2018 | Bombay high Court | Hearing |
| 3804/2018 | BOMBAY HIGH COURT | HEARING |
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 3 Dec 2018 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 24 Mar 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 20 Nov 2018 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 20 Nov 2018Confirm 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 2 Dec 2024
Documents filed47
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 of Percentage of Completion of Work (Form 1)File: Form 1 Architect Certificate.pdf | 2 Dec 2024 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4 Architect Certificate.pdf | 2 Dec 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: (Annexure H ) OC Latter.pdf | 2 Dec 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC WADALA NEW.pdf | 2 Dec 2024 |
| Disclosure of sold/ booked inventoryFile: Sold and Booked Inventory.pdf | 2 Dec 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Madhav Nagar From 2 (1).pdf | 12 Apr 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: from 5A.pdf | 12 Apr 2024 |
| Disclosure of sold/ booked inventoryFile: SUSHANKU BUILDER SOLD UNSOLD INVENTORY_compressed.pdf | 28 Mar 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Rera Certificate for Sushanku Builder.pdf | 10 Mar 2023 |
| Certificates of CA (Form 3)File: CA 2021.pdf | 6 Mar 2023 |
| Certificates of CA (Form 3)File: CA 2022.pdf | 6 Mar 2023 |
| Declaration about Commencement CertificateFile: CC DECL.pdf | 16 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCH DEC21.pdf | 16 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCH MAR22.pdf | 16 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCH DEC22.pdf | 16 Feb 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: FORM 2A.pdf | 16 Feb 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: FORM 5.pdf | 16 Feb 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Declaration SBL.pdf | 16 Feb 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2017-18)File: f5 2021.pdf | 28 Jun 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: f5 1819.pdf | 28 Jun 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: f5 1920.pdf | 28 Jun 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: f5 2021.pdf | 28 Jun 2022 |
| Declaration about Commencement CertificateFile: Declairation.pdf | 27 Jun 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form 2A 2020.pdf | 27 Jun 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Form 2 A 2021_compressed.pdf | 27 Jun 2022 |
| Disclosure of sold/ booked inventoryFile: Disclousure.pdf | 27 Jun 2022 |
| CERSAI detailsFile: cersai report.pdf | 27 Jun 2022 |
| Layout approvalFile: wadala page 1.pdf | 24 Mar 2021 |
| Layout approvalFile: wadala page 2.pdf | 24 Mar 2021 |
| Layout approvalFile: wadala page 3.pdf | 24 Mar 2021 |
| Copy of Layout Approval (in case of layout)File: wadala page 1.pdf | 24 Mar 2021 |
| Copy of Layout Approval (in case of layout)File: wadala page 2.pdf | 24 Mar 2021 |
| Copy of Layout Approval (in case of layout)File: wadala page 3.pdf | 24 Mar 2021 |
| Layout approvalFile: 44.pdf | 8 Dec 2018 |
| Copy of Layout Approval (in case of layout)File: 44.pdf | 8 Dec 2018 |
| Layout approvalFile: Sushanku Plan.pdf | 6 Dec 2018 |
| Copy of Layout Approval (in case of layout)File: Sushanku Plan.pdf | 6 Dec 2018 |
| Declaration in FORM BFile: FORM B.pdf | 6 Dec 2018 |
| Copy of the legal title reportFile: Title Certificate (2).pdf | 3 Dec 2018 |
| Layout approvalFile: 44.pdf | 30 Nov 2018 |
| Details of encumbrancesFile: ENCUMBERANCE.pdf | 30 Nov 2018 |
| Copy of Layout Approval (in case of layout)File: 44.pdf | 30 Nov 2018 |
| Certificates of CA (Form 3)File: Rera CA Certificate.pdf | 30 Nov 2018 |
| Proforma of Allotment letterFile: ALLOTMENT LETTER.pdf | 30 Nov 2018 |
| Building plan approvalFile: iod aND LOI.pdf | 20 Nov 2018 |
| Building Plan Approval (IOD)File: iod aND LOI.pdf | 20 Nov 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: cc.pdf | 20 Nov 2018 |
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Buyer report
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Builder: SUSHANKU BUILDERS LIMITED
SUSHANKU BUILDERS LIMITED has 1 registration on MahaRERA, including madhav nagar commercial. Its filings disclose no earlier MahaRERA projects. Read the full track record.
Frequently asked questions
What are my rights if madhav nagar commercial is delayed beyond 30 Sep 2023?
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 madhav nagar commercial?
The registered promoter entity is SUSHANKU BUILDERS 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 madhav nagar commercial?
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 madhav nagar commercial?
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 madhav nagar commercial?
The professionals named in the filing: Architect: MITI DESIGNERS AND PLANNERS. 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 madhav nagar commercial?
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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