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OSTWAL FERMINO
RG-MH-56366 · RERA PR1180002502949 · Last updated on MahaRERA portal: 1 May 2026
Source: official MahaRERA filing
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Red flags
- Allotment letter deviates from the model form
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
- All 6 earlier projects delivered on promise
1 condition is 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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OSTWAL FERMINO is a Residential / Group Housing project by SHREE OSTWAL BUILDERS LTD in Mumbai Suburban, Maharashtra, registered with MahaRERA as PR1180002502949 on 18 Mar 2026. Possession is promised by 31 Dec 2030. 0 of the 40 units on this registration are recorded sold or booked, and 2 of 9 construction stages are filed complete.
At a glance
Project
- NameOSTWAL FERMINO
- TypeResidential / Group Housing
- Location
- I C Colony
- Eksar
- Borivali
- Mumbai Suburban
- 400103
- Pincode400103
- MapView location on Google Maps (as filed on RERA)
- RERA no.PR1180002502949
- ReraGenie IDRG-MH-56366
Builder
- NameSHREE OSTWAL BUILDERS LTD
- Entity typeCompany
- CINU45200MH1989PLC050872
- GSTIN27AAFCS2523N1Z4
- CIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
- Managing DirectorUMRAOSINGH PRITHVIRAJ OSTWAL
- DirectorsKULDEEP UMRAOSINGH Ostwal, KULDEEP UMRAOSINGH Ostwal, ASHA UMRAOSINGH OSTWAL, SHAKENDRA VARDHMAN CHHAJED
- Other registrations19 more →
- Completed7 of 20
- Past their filed date1
- Declared earlier projects6 →
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on18 Mar 2026
- Promised completion31 Dec 2030
- Revised completionNone
- Buildings1 building record
- Documents filed8 files
Current status
Figures as on 1 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| OSTWAL FERMINO | NA | 10 | 10 | 29 | 11 | 40 |
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 1 May 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.
2 of 9 construction stages are filed complete. The stage furthest along is Stilt Floor, at 0%.
OSTWAL FERMINO: 22% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | Not applicable |
| Podiums (if any) | Not applicable |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| 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 1 May 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 | No | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | 0% |
| Storm Water Drains | No | 0% |
| Landscaping & Tree Planting | No | 0% |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | 0% |
| Solid Waste Management And Disposal | No | 0% |
| Water conservation /Rain water harvesting | No | 0% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | No | 0% |
| Electrical meter room, sub-station, receiving station | No | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed25
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 ownership1
MahaRERA does not publish landowner contact details. Declared none is the promoter's own declaration to the regulator, not a title search. A search at the sub-registrar is what confirms it.
| Landowner | Village | District |
|---|---|---|
| FERMINO CO OPERATIVE HOUSING SOCIETY LTD | Greater Mumbai (M Corp.) (Part) (802794) | Mumbai Suburban |
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 |
|---|---|---|---|
| OSTWAL FERMINO | NA | Rs 8.00 cr | Rs 44.00 lakh |
| - | NA | Rs 4.00 cr | - |
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 | CHIRAG S RAYANI |
| Engineer | BHAVESH BALCHANDRA TODANKAR BHAVESH BALCHANDRA TODANKAR |
| Chartered Accountant | LOKESH DEVENDRA KOTHARI |
| Partner | Role in project |
|---|---|
| SHREE OSTWAL BUILDERS 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.
- Legal title reportNot on the file
A lawyer's report on who owns the land and what is registered against it.
- Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 4 Feb 2026 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 11 Mar 2026 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 1 May 2026Confirm 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 2030
Documents filed8
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 |
|---|---|
| Commencement certificateFile: FurtherCC_Grnd to 9 pt.pdf | 1 May 2026 |
| Withdrawal Update Form 1File: Form 1_Fermino_31032026.pdf | 1 May 2026 |
| Withdrawal Update Form 2File: Form 2_Fermino_31032026.pdf | 1 May 2026 |
| Withdrawal Update Form 3File: FORM 3.pdf | 1 May 2026 |
| Building plan approvalFile: iod print color.pdf | 11 Mar 2026 |
| Declaration and undertaking (Annexure A)File: Annexure A.pdf | 7 Mar 2026 |
| Layout approvalFile: IOD Drawing_compressed.pdf | 4 Feb 2026 |
| Building plan approvalFile: IOD Drawing_compressed.pdf | 4 Feb 2026 |
Promoter's earlier projects6
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.
| Project | Location | Flats | Registered | Status | Promised | Delivered |
|---|---|---|---|---|---|---|
| OSTWAL WOODSP99000019832 | OPP. UNION PARK, Palghar | - | Mar 2019 | Completed | Dec 2024 | Jun 2023 |
| OSTWAL DARSHANP51700004905 | BHAYANDER EAST, Thane | - | Aug 2017 | Completed | Dec 2024Registered original: Dec 2023 | Jun 2024 |
| OSTWAL GARDEN | KANAKIA ROAD MIRA ROAD EAST | 69 | - | Completed | Dec 2015 | Jun 2015 |
| OSTWAL OASIS | MIRA ROAD EAST | 33 | - | Completed | Apr 2015 | Jan 2015 |
| OSTWAL PRIDE I | KANAKIA ROAD MIRA ROAD EAST | 63 | - | Completed | Mar 2015 | Mar 2015 |
| OSTWAL HEIGHT BLDG 1 TO 4 | KANAKIA ROAD MIRA ROAD EAST | 195 | - | Completed | Dec 2013 | Dec 2013 |
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How this compares with Mumbai Suburban
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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.
Buyer report
Built from this project's filings on the day you order, in plain language.
- 1 condition on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 19 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 8 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
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- An email each time this filing moves: new sales, a moved possession date, an extension, a complaint, the occupancy certificate
- Plain words, conditions that have happened marked in red
- A summary of everything that changed when the 90 days end
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Builder: SHREE OSTWAL BUILDERS LTD
SHREE OSTWAL BUILDERS LTD has 20 registrations on MahaRERA, including OSTWAL DARSHAN and OSTWAL POINT. Its filings disclose 6 earlier MahaRERA projects: declares 6 of 6 past projects completed on time. Litigation is declared on 3 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 OSTWAL FERMINO is delayed beyond 31 Dec 2030?
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 OSTWAL FERMINO?
The registered promoter entity is SHREE OSTWAL BUILDERS LTD, a company as per the filing. Its CIN U45200MH1989PLC050872 and GSTIN 27AAFCS2523N1Z4 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 OSTWAL FERMINO?
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 OSTWAL FERMINO?
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 OSTWAL FERMINO?
The professionals named in the filing: Architect: CHIRAG S RAYANI; Engineer: BHAVESH BALCHANDRA TODANKAR BHAVESH BALCHANDRA TODANKAR; Chartered Accountant: LOKESH DEVENDRA KOTHARI. 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 OSTWAL FERMINO?
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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