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PARAM LUXURIA
RG-MH-49235 · RERA P51600053436 · Last updated on MahaRERA portal: 19 Nov 2024
Source: official MahaRERA filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against the promoter's 1 other registration and every project registered within 2 km.
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PARAM LUXURIA is a Residential / Group Housing project by PARAM INFRASPACE in Nashik, Maharashtra, registered with MahaRERA as P51600053436 on 31 Oct 2023. The registration is recorded completed; possession was promised by 31 Mar 2026.
At a glance
Project
- NamePARAM LUXURIA
- TypeResidential / Group Housing
- Location
- MAHAVIR NAGAR
- BEHIND JAIN MANDIR ADGAON
- Nashik (M Corp.)
- Nashik
- 422003
- Pincode422003
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51600053436
- ReraGenie IDRG-MH-49235
Builder
- NamePARAM INFRASPACE
- Entity typePartnership
- PartnersKAUSHALYA DHARAMSHI PATEL, POONAM YOGESH PATEL, DIXITKUMAR SURESHBHAI RAMANI, HIREN LAXMICHAND VASANI
- Other registrations1 more →
- Completed2 of 2
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on31 Oct 2023
- Promised completion31 Mar 2026
- Revised completionNone
- Buildings1 building record
- Documents filed43 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| PARAM LUXURIA | NA | 7 | 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 19 Nov 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.
5 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 30%.
PARAM LUXURIA: 48% 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 | 30% |
| 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 19 Nov 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 | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | No | Not applicable |
| Landscaping & Tree Planting | No | Not applicable |
| 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 | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed79
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 | VRUSHALI DHAKATE |
| Engineer | GANESH KAWALE |
| Chartered Accountant | MAYA RAMANI |
| Partner | Role in project |
|---|---|
| PARAM INFRASPACE | - |
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 28 Sep 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 28 Sep 2023 - 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 Sep 2023 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 26 Sep 2023Confirm 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 18 Nov 2024
Documents filed43
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 2023-24)File: FORM 5 PARAM INFRASPACE FY 23-24.pdf | 19 Nov 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: FORM 5 PARAM INFRASPACE FY 23-24.pdf | 19 Nov 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: COMPLETION LUXURIO.pdf | 18 Nov 2024 |
| Architect’s Certificate on Completion of Project (Form 4)File: scan form 4.pdf | 18 Nov 2024 |
| Architect’s Certificate on Completion of Project (Form 4)File: scan form 4.pdf | 18 Nov 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: COMPLETION LUXURIO.pdf | 18 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: SELF CLARIFICATION Q2 FY 24-25.pdf | 17 Oct 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSER OF INVENTORY SEP 24.pdf | 17 Oct 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSER OF INVENTORY JUNE 24.pdf | 9 Aug 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: SELF CLARIFICATION Q1 FY 24-25.pdf | 9 Aug 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSER OF INVENTORY MARCH 24.pdf | 17 Apr 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: SELF CLARIFICATION Q4 FY 23-24.pdf | 17 Apr 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSER OF INVENTORY DEC 2023.pdf | 23 Jan 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: SELF CLARIFICATION Q3 FY 23-24.pdf | 23 Jan 2024 |
| Layout approvalFile: LAY OUT_compressed.pdf | 28 Sep 2023 |
| Copy of the legal title reportFile: TITLE SEARCH REPORT _compressed.pdf | 28 Sep 2023 |
| Details of encumbrances concerned to FinanceFile: ENCUMBRANCE CERTIFICATE FINANCE.pdf | 28 Sep 2023 |
| Details of encumbrances concerned to FinanceFile: ENCUMBRANCE CERTIFICATE LEGAL.pdf | 28 Sep 2023 |
| Details of encumbrances concerned to LegalFile: ENCUMBRANCE CERTIFICATE FINANCE.pdf | 28 Sep 2023 |
| Details of encumbrances concerned to LegalFile: ENCUMBRANCE CERTIFICATE LEGAL.pdf | 28 Sep 2023 |
| Copy of Layout Approval (in case of layout)File: LAY OUT_compressed.pdf | 28 Sep 2023 |
| Declaration about Commencement CertificateFile: FORMAT D RERA.pdf | 28 Sep 2023 |
| Declaration in FORM BFile: FORM B.pdf | 28 Sep 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1_compressed.pdf | 28 Sep 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2.pdf | 28 Sep 2023 |
| CERSAI detailsFile: CERSAI.pdf | 28 Sep 2023 |
| CERSAI detailsFile: CERSAI_Search_Report_200281571234_For_Asset_Based_Search_26_09_2023_12_43_19_803.pdf | 28 Sep 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3.pdf | 28 Sep 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Order No 39 RIMESH RAMANI.pdf | 28 Sep 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Order No 39 DIXIT RAMANI.pdf | 28 Sep 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Order No 39 HIREN VASANI.pdf | 28 Sep 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Order No 39 POONAM PATEL.pdf | 28 Sep 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Order No 39 KAUSHLYA PATEL.pdf | 28 Sep 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: UNDERTAKING OF SEPERATE BANK AC DONE.pdf | 28 Sep 2023 |
| Deviation Report with respect to Allotment letterFile: UNDERTAKING ALLOTMENT LETTER.pdf | 28 Sep 2023 |
| Deviation Report with respect to model copy of AgreementFile: UNDERTAKING AGREEMENT TO SALE.pdf | 28 Sep 2023 |
| Home Buyer /Allottee Grievance Redressal CellFile: GRIEVENCE REDRESSAL.pdf | 28 Sep 2023 |
| Building plan approvalFile: BUILDING PLAN.pdf | 26 Sep 2023 |
| PAN CardFile: PAN CARD.pdf | 26 Sep 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: BUILDING PLAN.pdf | 26 Sep 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: COMMEMCEMENT.pdf | 26 Sep 2023 |
| Proforma of Agreement for saleFile: Param Luxuria-Draft.pdf | 26 Sep 2023 |
| Proforma of Allotment letterFile: Param Luxuria-AL.pdf | 26 Sep 2023 |
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Buyer report
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- All 43 filed documents as one ZIP, foldered, with a manifest
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Filed coordinates, straight-line distance. 30 registered projects within 2 km.
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See every Nashik project, with the district possession charts
Builder: PARAM INFRASPACE
PARAM INFRASPACE has 2 registrations on MahaRERA, including PARAM SKY APARTMENT and PARAM LUXURIA. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Nashik district page.
Frequently asked questions
What are my rights if PARAM LUXURIA is delayed beyond 31 Mar 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 PARAM LUXURIA?
The registered promoter entity is PARAM INFRASPACE, 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 PARAM LUXURIA?
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 PARAM LUXURIA?
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 PARAM LUXURIA?
The professionals named in the filing: Architect: VRUSHALI DHAKATE; Engineer: GANESH KAWALE; Chartered Accountant: MAYA RAMANI. 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 PARAM LUXURIA?
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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