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MIDAS HEIGHTS
RG-MH-43865 · RERA P99000011085 · Last updated on MahaRERA portal: 10 Oct 2022
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 22 months past the filed date
- Completion date moved by 60 months
- 3 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
4 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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MIDAS HEIGHTS is a Residential / Group Housing project by MIDAS BUILDCON in Palghar, Maharashtra, registered with MahaRERA as P99000011085 on 31 Aug 2017. Possession was promised by 31 Dec 2024 and is now 22 months past that date. The completion date has moved by 60 months from the original filing.
At a glance
Project
- NameMIDAS HEIGHTS
- TypeResidential / Group Housing
- Location
- 120 Feet Vasai-Virar Link Road
- HDIL Sector VII
- Virar West
- Vasai-Virar City (M Corp)
- Vasai
- Palghar
- 401303
- Pincode401303
- MapView location on Google Maps (as filed on RERA)
- RERA no.P99000011085
- ReraGenie IDRG-MH-43865
Builder
- NameMIDAS BUILDCON
- Entity typePartnership
- PartnersMANISH PUNAMCHAND JAIN, SHARDA VINODRAI SHETH, DHRUV DILIP MEHTA, MANOJ PRABHAKAR SANGLE, UTTAM PUKHRAJ SHAH, PARAG DHANSUKHBHAI GANDHI, ANITA MUKESH KUMAR TALESARA, ANIKET HARESHWAR RAUT, SHARAD HARESHWAR PURAV
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on31 Aug 2017
- Promised completion31 Dec 2024
- Revised completionRevised to 31 Dec 2024 (originally 31 Dec 2019)
- Buildings1 building record
- Documents filed34 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| MIDAS HEIGHTS | NA | 17 | 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 10 Oct 2022, 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.
9 of 11 construction stages are filed complete. The stage furthest along is Sanitary Fittings within the flats / premises, at 90%.
MIDAS HEIGHTS: 90% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| 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 | 90% |
| 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 10 Oct 2022, 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 | Yes | 98% |
| Water Supply | Yes | 75% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 60% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 75% |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 60% |
| Solid Waste Management And Disposal | Yes | 60% |
| 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 | 95% |
| Aggregate area of recreational Open Space | Yes | 60% |
| Open Parking | No | Not applicable |
Parking filed5
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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | AJAY WADE & ASSOCIATES |
| Chartered Accountant | CA DEVESH KANTILAL PARIKH |
| Chartered Accountant | CA ALPESH BHOGILAL SHAH |
| Partner | Role in project |
|---|---|
| MIDAS BUILDCON | - |
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 promoter1. We have completed the construction of the building based on the approved plans. 2. We have received Completion Certificate from Structural Engineer and Site Supervisor as well as from our Architect in Form 4 and we are in the process of making application for Occupancy Certificate. Accordingly, please grant us extension till 30th December 2020.
Reason as filed by the promoterBuilding is complete but occupation certificate is pending.
Reason as filed by the promoterDue to COVID - 19 Pandemic situation, the project has got delayed. So kindly grant us an extension for one year.
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 31 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 31 Jul 2017 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 31 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 31 Jul 2017Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on 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.
Documents filed34
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 |
|---|---|
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Scanned (Final form 5).pdf | 10 Oct 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: CA Certificate - FY 20-21 (E-signed).pdf | 29 Sep 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Engineers Certificate on Quality Assurance Form 2A.pdf | 28 Jul 2021 |
| Declaration about Commencement CertificateFile: Declaration about Commencement Certificates.pdf | 27 Jul 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Engineers Certificate on Quality Assurance Form 2A.pdf | 27 Jul 2021 |
| Disclosure of sold/ booked inventoryFile: Disclosure.pdf | 27 Jul 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: FY 2018-19.pdf | 20 Jul 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: FY 2019-20.pdf | 20 Jul 2021 |
| Annual Audit Report of Statutory CA (Form 5)File: form 5_Esigned.pdf | 30 Sep 2020 |
| Certificates of CA (Form 3)File: Compressed Form 3 upload.pdf | 8 Jan 2020 |
| Annual Audit Report of Statutory CA (Form 5)File: FORM_5.pdf | 8 Jan 2020 |
| Certificates of CA (Form 3)File: FORM-3.PDF | 5 Oct 2019 |
| Certificates of CA (Form 3)File: FORM-3.PDF | 5 Oct 2019 |
| Annual Audit Report of Statutory CA (Form 5)File: FORM-5.PDF | 4 Oct 2019 |
| Annual Audit Report of Statutory CA (Form 5)File: FORM-5.PDF | 4 Oct 2019 |
| Proforma of Allotment letterFile: COMPRESSED PDF OF AGREEMENT FOR SALE.pdf | 27 Nov 2017 |
| Layout approvalFile: Sec_VII Area layout.pdf | 31 Jul 2017 |
| Building plan approvalFile: Sector_VII Wing_c Bldg_2Type_R1A 3_3.pdf | 31 Jul 2017 |
| Building plan approvalFile: Sector_VII Wing_c Bldg_2Type_R1A 1_3.pdf | 31 Jul 2017 |
| Building plan approvalFile: Sector_VII Wing_c Bldg-2Type_R1A 2_3.pdf | 31 Jul 2017 |
| PAN CardFile: MIDAS PAN CARD.pdf | 31 Jul 2017 |
| Copy of the legal title reportFile: TITLE CLEARANCE CERTIFICATE.pdf | 31 Jul 2017 |
| Details of encumbrancesFile: COMPRESSED PDF NON ENCUMBERANCE.pdf | 31 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Sec_VII Area layout.pdf | 31 Jul 2017 |
| Building Plan Approval (IOD)File: Sector_VII Wing_c Bldg-2Type_R1A 2_3.pdf | 31 Jul 2017 |
| Building Plan Approval (IOD)File: Sector_VII Wing_c Bldg_2Type_R1A 1_3.pdf | 31 Jul 2017 |
| Building Plan Approval (IOD)File: Sector_VII Wing_c Bldg_2Type_R1A 3_3.pdf | 31 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: COMMENCEMENT CERTIFICATE (1).pdf | 31 Jul 2017 |
| Declaration in FORM BFile: DECLARATION IN FORM B.pdf | 31 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: COMPRESSED PDF ARCHITECT CERTIFICATE.pdf | 31 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: COMPRESSED PDF ENGINEERS CERTIFICATE.pdf | 31 Jul 2017 |
| Certificates of CA (Form 3)File: ca certificate 1.pdf | 31 Jul 2017 |
| Proforma of Allotment letterFile: COMPRESSED PDF ALLOTMENT LETTER.pdf | 31 Jul 2017 |
| Proforma of Allotment letterFile: COMPRESSED PDF FOR AGREEMENT OF SALE AND ADDRESS.pdf | 31 Jul 2017 |
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How this compares with Palghar
Computed across the 3,200+ Palghar projects on ReraGenie, from their own filings.
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Buyer report
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- 4 conditions on this project's record read and explained, with the clear checks alongside
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- All 34 filed documents as one ZIP, foldered, with a manifest
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Builder: MIDAS BUILDCON
MIDAS BUILDCON has 1 registration on MahaRERA, including MIDAS HEIGHTS. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Palghar district page.
Frequently asked questions
What does it mean that MIDAS HEIGHTS shows as registration lapsed on MahaRERA?
A registration runs until the completion date the promoter declared. If the project is neither completed nor extended by then it lapses, and a de-registration or revocation ends it by order. In every case the promoter may no longer legally advertise, market or sell in the project, and the Authority can act under section 7 against a defaulting promoter. What it does not do is cancel an agreement for sale you have already signed, or extinguish your section 18 right to delay interest or refund; those run from your agreement, not from the registration. Get the current position from the promoter in writing, verify it on the MahaRERA portal, and take legal advice before paying any further instalment.
What are my rights if MIDAS HEIGHTS 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 MIDAS HEIGHTS?
The registered promoter entity is MIDAS BUILDCON, 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 MIDAS HEIGHTS?
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 MIDAS HEIGHTS?
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 MIDAS HEIGHTS?
The professionals named in the filing: Architect: AJAY WADE & ASSOCIATES; Chartered Accountant: CA DEVESH KANTILAL PARIKH; Chartered Accountant: CA ALPESH BHOGILAL SHAH. 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 MIDAS HEIGHTS?
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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