Home / Browse projects / Nashik, Maharashtra / PARKSYDE NEST PHASE - 1
PARKSYDE NEST PHASE - 1
RG-MH-13502 · RERA P51600025620 · Last updated on MahaRERA portal: 24 Apr 2025
Source: official MahaRERA filing
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Red flags
- 1 complaint at MahaRERA
Clear
- No litigation declared
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
- 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.
See what the report covers Free either way: or have every new Nashik registration emailed to you, free during the pilot beta.Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
PARKSYDE NEST PHASE - 1 is a Residential / Group Housing project by JAIKUMAR CONSTRUCTIONS LTD in Nashik, Maharashtra, registered with MahaRERA as P51600025620 on 1 Jul 2020. Possession is promised by 31 Dec 2028. 1 complaint is on record with the regulator.
At a glance
Project
- NamePARKSYDE NEST PHASE - 1
- TypeResidential / Group Housing
- Location
- HANUMAN NAGAR
- PANCHAVATI ANNEX
- Nashik (M Corp.)
- Nashik
- 422003
- Pincode422003
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51600025620
- ReraGenie IDRG-MH-13502
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on1 Jul 2020
- Promised completion31 Dec 2028
- Revised completionNone
- Buildings3 building records
- Documents filed91 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| F | NA | 19 | 16 | 0 | 0 | 0 |
| G | NA | 19 | 16 | 0 | 0 | 0 |
| H | NA | 19 | 16 | 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 building3
As on 24 Apr 2025, 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.
13 of 33 construction stages are filed complete across 3 buildings. The stage furthest along is Slabs of Super Structure, at 87%.
F45%
| 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 | 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% |
G44%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 87% |
| 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% |
H36%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| 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 24 Apr 2025, 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 | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 0% |
| Solid Waste Management And Disposal | Yes | 0% |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | Yes | 0% |
Parking filed211
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.
| Building | Closed/Covered | Open Space | Total |
|---|---|---|---|
| F | 90 | 38 | 128 |
| G | 1 | 36 | 37 |
| H | 1 | 45 | 46 |
Land and ownership2
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 |
|---|---|---|
| ABHISHEK MOHANLAL CHAUHAN | Nashik (M Corp.) | Nashik |
| SUMANGAL BUILDECON | Nashik (M Corp.) | Nashik |
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 partners6
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | UMESH BAGUL |
| Engineer | PUNIT DINESH CHANDRA RAI |
| Chartered Accountant | KRISHNA JAJOO |
| Chartered Accountant | Sharp Aarth and Co |
| Chartered Accountant | BKSK & ASSOCIATES |
| Chartered Accountant | AJB & ASSOCIATES |
| Partner | Role in project |
|---|---|
| JAIKUMAR CONSTRUCTIONS LTD | - |
Complaints filed with MahaRERA1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| SM12500090 | Ram G | JAIKUMAR CONSTRUCTIONS LTD | 11/08/2025 |
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 19 Jun 2020 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 19 Jun 2020 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 19 Jun 2020 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 19 Jun 2020Confirm 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 2028
Documents filed91
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath; the newest 80 of 91 are shown. 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 |
|---|---|
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER NEST PHASE 1 SEPT-24.pdf | 24 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER NEST PHASE 1 DEC-24.pdf | 24 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: CA NEST PHASE 1 JUNE-24.pdf | 27 Mar 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE 1 JUNE-24.pdf | 19 Mar 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE-1 SEPT-24.pdf | 19 Mar 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE-1 DEC-24.pdf | 19 Mar 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT NEST PHASE-1 DEC-24.pdf | 17 Jan 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT NEST PHASE-1 SEPT-24.pdf | 28 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT NEST PHASE-1 JUNE-24.pdf | 25 Jul 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE NEST PHASE-1 MARCH-24.pdf | 9 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER NEST PHASE 1 MARCH-24.pdf | 29 Jun 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE 1 MARCH-24.pdf | 29 Jun 2024 |
| Home Buyer /Allottee Grievance Redressal CellFile: Grievance Redressal Cell- Parksyde Nest.pdf | 28 Jun 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: QUALITY NEST PHASE 1.pdf | 20 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT NEST PHASE-1 MARCH-24.pdf | 30 Apr 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: FORM 5 NEST PHASE 1 2024.pdf | 7 Mar 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE NEST PHASE 1 DEC-23.pdf | 6 Mar 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER NEST PHASE 1 DEC-23.pdf | 26 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE 1 DEC-23.pdf | 26 Feb 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT NEST PHASE 1-DEC-23.pdf | 12 Jan 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE NEST PHASE-1.pdf | 28 Dec 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER NEST PHASE-1 SEP23.pdf | 16 Dec 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE-1 SEP-23.pdf | 16 Dec 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT NEST PHASE 1 SEPT-23.pdf | 13 Oct 2023 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE NEST PHASE 1.pdf | 12 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER JUNE-23 NEST PHASE 1.pdf | 6 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE-1 JUNE-23.pdf | 2 Sep 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT NEST PHASE 1 JUNE-23.pdf | 7 Aug 2023 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE NEST P-1 MARCH-23.pdf | 5 Aug 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER MAR-23 NEST P1.pdf | 17 Jul 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE-1 MAR-23.pdf | 17 Jul 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: CA CERTIFICATE NEST PHASE 1 MARCH -22.pdf | 25 Apr 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT NEST PHASE 1 MARCH-23.pdf | 18 Apr 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: QUALITY NEST PHASE-1.pdf | 11 Apr 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: STATEMENT OF ACCOUNT NEST PHASE 1.pdf | 27 Mar 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER DEC-22 NEST PHASE 1.pdf | 18 Mar 2023 |
| Disclosure of sold/ booked inventoryFile: DISCLOSER NEST PHASE -1 DEC-22.pdf | 18 Mar 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA NEST PHASE-1 DEC-22.pdf | 18 Mar 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: STATEMENT OF ACCOUNT NEST PHASE 1.pdf | 17 Feb 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: CA CERTIFICATE NEST PHASE 1 MARCH -22.pdf | 17 Feb 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: QUALITY ASSURANCE NEST PHASE 1.pdf | 14 Jan 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT CERTIFICATE NEST PHASE 1 Q3.pdf | 13 Jan 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg Nest Phse-1 June 22.pdf | 6 Dec 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg Nest Phase-1 Sept 22.pdf | 6 Dec 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA CERTIFICATE NEST PHASE-1 JUNE-22.pdf | 5 Dec 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA CERTIFICATE NEST PHASE-1 SEP-22.pdf | 5 Dec 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Nest Phase-1 Sept 22.pdf | 13 Oct 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Nest Phase-1 Mar-22.pdf | 23 Aug 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Nest Phase 1 June-22.pdf | 23 Aug 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 20220719153542.pdf | 23 Aug 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Quality Nest Phase-1 June 22.pdf | 23 Aug 2022 |
| Disclosure of sold/ booked inventoryFile: 20220823170427.pdf | 23 Aug 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 20220819212507.pdf | 23 Aug 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate Nest Phase 1 Dec21_compressed.pdf | 2 Jun 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Quality Nest Phase-1 Mar-22.pdf | 9 Apr 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Quality Nest Phase-1 Mar-22.pdf | 9 Apr 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Quality Certificate Phase-1 Nest_compressed.pdf | 9 Feb 2022 |
| Declaration about Commencement CertificateFile: 20220208194223.pdf | 8 Feb 2022 |
| CERSAI detailsFile: CERSAI parskyde nashik.pdf | 8 Feb 2022 |
| CERSAI detailsFile: CERSAI_Search_Report_200229796441_For_Asset_Based_Search_08_02_2022_17_11_22_393.pdf | 8 Feb 2022 |
| Disclosure of sold/ booked inventoryFile: FGH RERA SCAN.pdf | 8 Feb 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: PHASE-1 CERTIFICATE.pdf | 6 Jan 2022 |
| OtherFile: Clarification letter for changes rera dec21.pdf | 25 Dec 2021 |
| CERSAI detailsFile: CERSAI_Search_Report_200226270399_For_Debtor_Based_Search_21_12_2021_11_50_03_827.pdf | 21 Dec 2021 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 20211217214640.pdf | 21 Dec 2021 |
| Details of encumbrancesFile: Mortgage Deed details Parksyde Nest.pdf | 2 Nov 2021 |
| Details of encumbrancesFile: 20211102155213.pdf | 2 Nov 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate Nest Phase 1.pdf | 9 Oct 2021 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg Certificate Nest Phase 1.pdf | 9 Oct 2021 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Nest - Phase 1_compressed.pdf | 9 Oct 2021 |
| Details of encumbrancesFile: NO Encumbrance Nest.pdf | 12 Aug 2021 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: eNGG cERTIFICATE nEST pHASE1.pdf | 12 Aug 2021 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate NEst Phase 1 June 21.pdf | 12 Aug 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Ar Nest PHASE-1 june21.pdf | 13 Jul 2021 |
| OtherFile: additional increased area fees receipt.pdf | 6 Apr 2021 |
| OtherFile: Format C phase 4.pdf | 6 Apr 2021 |
| Building plan approvalFile: 1.pdf | 19 Jun 2020 |
| Building plan approvalFile: 5.pdf | 19 Jun 2020 |
| Layout approvalFile: Layout Letter.pdf | 19 Jun 2020 |
| PAN CardFile: PAN Card JCL.pdf | 19 Jun 2020 |
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 |
|---|---|---|---|---|---|---|
| Parksyde Homes Phase 5AP51600004799 | Hanuman Nagar, Nashik | - | Aug 2017 | Completed | Jun 2025 | Sep 2023 |
| PARKSYDE HOMES PHASE 2B | PARKSYDE HOMES S NO 256 PART 257 PART PANCHAVATI ANNEX NASHIK | 3 | - | Completed | Apr 2020 | Nov 2018 |
| PARKSYDE HOMES PHASE -2A | S NO. 256 257 PART HANUMAN NAGAR PANCHAVATI ANNEX NASHIK 422003 | 3 | - | Completed | Apr 2020 | Apr 2019 |
| PARKSYDE HOMES PHASE 4B | PARKSYDE HOMES S NO 256 PART 257 PART HANUMAN NAGAR PANCHAVATI NASHIK-422003 | 2 | - | Completed | Oct 2019 | Jul 2019 |
| PARKSYDE HOMES PHASE 4A | PARKSYDE HOMES S NO. 256 PART 257 PART HANUMAN NAGAR PANCHAVATI ANNEX NASHIK | 4 | - | Completed | Mar 2019 | Nov 2018 |
| PARKSYDE HOMES PHASE- 1 | PARKSYDE HOMES S NO 256 257 PART HANUMAN NAGAR NASHIK 422003 | 5 | - | Completed | Jun 2018 | Oct 2017 |
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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 8 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 91 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
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Builder: JAIKUMAR CONSTRUCTIONS LTD
JAIKUMAR CONSTRUCTIONS LTD has 9 registrations on MahaRERA, including PARKSYDE NEST PHASE - 1 and PARKSYDE NEST PHASE - 2. Its filings disclose 21 earlier MahaRERA projects: declares 17 of 17 past projects completed on time. Read the full track record. See more projects on the Nashik district page.
Frequently asked questions
What are my rights if PARKSYDE NEST PHASE - 1 is delayed beyond 31 Dec 2028?
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 PARKSYDE NEST PHASE - 1?
The registered promoter entity is JAIKUMAR CONSTRUCTIONS LTD, 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 PARKSYDE NEST PHASE - 1?
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 do I read the complaint cases filed against PARKSYDE NEST PHASE - 1?
Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.
How current is the construction progress shown for PARKSYDE NEST PHASE - 1?
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 PARKSYDE NEST PHASE - 1?
The professionals named in the filing: Architect: UMESH BAGUL; Engineer: PUNIT DINESH CHANDRA RAI; Chartered Accountant: KRISHNA JAJOO; Chartered Accountant: Sharp Aarth and Co; Chartered Accountant: BKSK & ASSOCIATES; Chartered Accountant: AJB & ASSOCIATES. 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 PARKSYDE NEST PHASE - 1?
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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