Home / Browse projects / Mumbai Suburban, Maharashtra / Parmarth Niketan - Redevelopment of Mani Bhuvan
Parmarth Niketan - Redevelopment of Mani Bhuvan
By J V Constructions & Developers
RG-MH-20265 · RERA P51800001745 · Last updated on MahaRERA portal: 15 Mar 2022
Source: official MahaRERA filing
Red flags
- Completion date moved by 42 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
- All 1 earlier projects delivered on promise
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: or have every new Mumbai Suburban 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.
Parmarth Niketan - Redevelopment of Mani Bhuvan is a Residential / Group Housing project by J V Constructions & Developers in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800001745 on 29 Jul 2017. The registration is recorded completed; possession was promised by 30 Jun 2023. The completion date has moved by 42 months from the original filing.
At a glance
Project
- NameParmarth Niketan - Redevelopment of Mani Bhuvan
- TypeResidential / Group Housing
- Location
- Road no. 7
- Daulat Nagar
- Borivali
- Mumbai Suburban
- 400066
- Pincode400066
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51800001745
- ReraGenie IDRG-MH-20265
Builder
- NameJ V Constructions & Developers
- Entity typePartnership
- PartnersJayantilal Arjanbhai Patel, Vasant Anandji Patel
- Declared earlier projects1 →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on29 Jul 2017
- Promised completion30 Jun 2023
- Revised completionRevised to 30 Jun 2023 (originally 31 Dec 2019)
- Buildings1 building record
- Documents filed79 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Parmarth Niketan - Redevelopment of Mani Bhuvan | NA | 15 | 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 15 Mar 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.
10 of 11 construction stages are filed complete. The stage furthest along is Podiums (if any), at 0%.
Parmarth Niketan - Redevelopment of Mani Bhuvan: 91% 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 | 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 15 Mar 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 | No | Not applicable |
| Water Supply | No | Not applicable |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| 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 | 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 | Yes | 100% |
Parking filed24
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 | A R MEHTA & ASSOCIATES |
| Partner | Role in project |
|---|---|
| J V Constructions & Developers | - |
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 promoterCommencement Certificate recently received on 05/03/2019 and therefore it is not possible for us to complete the project on or before 31/12/2019. 100 % consent of the allottees is attached herewith as only 2 units are agreed to be sold. Commencement certificate is also attached.
Reason as filed by the promoterInitially the proposed date of completion of the project was 31/12/2019. Subsequently an extension for 1 year under Section 6 of RERA was applied to which the RERA Authority granted the extension. Later on, as the commencement certificate in the said Project was received on 05.09/2019, a further extension under Section 7(3) of RERA till 31/12/2022 was applied for by the Promoter bearing Application No.EXT51800003705. However, such extension was not granted for the reason that the consent of 2/3rd allottees in the project was not taken. As only two new flats in the project were sold, erroneousl
Reason as filed by the promoterC.C is not granted by MCGM due to non compliance of some of the IOD conditions and that there are 3 Tenants who have field suit in the court in the year 2015. We have given undertaking / Indemnity Bond to MCGM and the amended plans were approved as per DCPR 2034 on 23/01/2019 and C.C granted on 05/03/2019.
Litigation declared12
| Case | Court | Status |
|---|---|---|
| 343/2015 | City Civil Court Goregaon Dindoshi | Hearing on Notice of Motion |
| 344/2015 | City Civil Court Goregaon Dindoshi | Hearing on Notice of Motion |
| 345/2015 | City Civil Court Goregaon Dindoshi | Hearing on Notice of Motion |
| 152/2010 | Small Cause Bandra | Evidence |
| 153/2010 | Small Cause Bandra | Evidence |
| 154/2010 | Small Cause Bandra | Evidence |
| 83/2010 | Small Cause Bandra | Evidence |
| 84/2010 | Small Cause Bandra | Evidence |
| 85/2010 | Small Cause Bandra | Evidence |
| 539/2013 | Small Cause Bandra | Evidence |
| 540/2013 | Small Cause Bandra | Evidence |
| 541/2013 | Small Cause Bandra | Evidence |
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 24 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 24 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 24 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 30 Jul 2019Confirm 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 3 Sep 2021
Documents filed79
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 |
|---|---|
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: FOR PARMARTH NIKETAN ARCHITECT CERTIFICATE - Q2 2020-2021.pdf | 15 Mar 2022 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: FOR PARMARTH NIKETAN ARCHITECT CERTIFICATE - Q3 2020-2021.pdf | 15 Mar 2022 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: FOR PARMARTH NIKETAN ARCHITECT CERTIFICATE - Q4 2020-2021.pdf | 15 Mar 2022 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE Form 2 - PARMARTH NIKETAN - Q2 - 2020-2021.pdf | 15 Mar 2022 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE Form 2 - PARMARTH NIKETAN - Q3 - 2020-2021.pdf | 15 Mar 2022 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE Form 2 - PARMARTH NIKETAN - Q4 - 2020-2021.pdf | 15 Mar 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Form 5 PARMARTH NIKETAN - F Y 2019-2020.pdf | 17 Sep 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: JVCD - Form 5 Annuarl Report F Y 2020-2021.pdf | 17 Sep 2021 |
| Architect’s Certificate on Completion of Project (Form 4)File: Completion Certificate - A R Mehta - 09-09-2021- PN.pdf | 17 Sep 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Engineers FORM 2A - Sept 2020 - Parmarth Niketan.pdf | 3 Sep 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Engineers FORM 2A - June 2020 - Parmarth Niketan.pdf | 3 Sep 2021 |
| Disclosure of sold/ booked inventoryFile: Disclosure of sold booked inventory - PARMARTH NIKETAN - 10-04-2021.pdf | 3 Sep 2021 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC - PARMARTH NIKETAN - 23-04-2021.pdf | 3 Sep 2021 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Parmarth Niketan Society Registration Certificate 07-07-2021.pdf | 3 Sep 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Engineers FORM 2A - DEC 2020 - Parmarth Niketan.pdf | 8 Jul 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Engineers FORM 2A - MAR 2021 - Parmarth Niketan.pdf | 8 Jul 2021 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1 - ARCHITECT CERTIFICATE - PARMARTH NIKETAN - Q4 2019-2020.pdf | 23 Sep 2020 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: FOR PARMARTH NIKETAN ARCHITECT CERTIFICATE - Q1 2020-2021.pdf | 23 Sep 2020 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE Form 2 - PARMARTH NIKETAN - Q4 - 2019-2020.pdf | 23 Sep 2020 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE Form 2 - PARMARTH NIKETAN - Q1 - 2020-2021.pdf | 23 Sep 2020 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Engineers FORM 2A - Mar 2020 - Parmarth Niketan.pdf | 23 Sep 2020 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Engineers FORM 2A - June 2020 - Parmarth Niketan.pdf | 23 Sep 2020 |
| Certificates of CA (Form 3)File: Form 3-CA- Parmarth Niketan Certificate- Q4 - 2019-2020.pdf | 23 Sep 2020 |
| Certificates of CA (Form 3)File: JVCD RERA CA Certificate Q1 FY 2020-21_compressed.pdf | 23 Sep 2020 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q3 - 2019-2020.pdf | 6 Feb 2020 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE Form 2 - PARMARTH NIKETAN - Q3 - 2019-2020.pdf | 6 Feb 2020 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Engineers FORM 2A - Dec 2019 - Parmarth Niketan.pdf | 6 Feb 2020 |
| Certificates of CA (Form 3)File: Form-3-CA Certificate-Parmarth Niketan - Q3 - 2019-2020.pdf | 6 Feb 2020 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: 2A1.pdf | 30 Dec 2019 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: 2A.pdf | 20 Dec 2019 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: 2A1.pdf | 20 Dec 2019 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: Form 5 1819.pdf | 20 Dec 2019 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q2 - 2019-2020.pdf | 8 Nov 2019 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN - Q2 - 2019-2020.pdf | 8 Nov 2019 |
| Certificates of CA (Form 3)File: CA Certificate - PARMARTH NIKETAN Q2 - 2019-2020_compressed.pdf | 8 Nov 2019 |
| Certificates of CA (Form 5)File: FORM NO 5 - Parmarth Niketan.pdf | 7 Oct 2019 |
| Commencement Certificates / NA Order for plotted developmentFile: PARMARTH NIKETAN CC.pdf | 30 Jul 2019 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q1 - 2019-2020.pdf | 30 Jul 2019 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN - Q1 - 2019-2020.pdf | 30 Jul 2019 |
| Certificates of CA (Form 3)File: CA Certificate - PARMARTH NIKETAN Q1 - 2019-2020_compressed.pdf | 30 Jul 2019 |
| Commencement Certificates / NA Order for plotted developmentFile: CC - PARMARTH NIKETAN.pdf | 21 Jun 2019 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q4 - 2018-2019.pdf | 2 May 2019 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN - Q4 - 2018-2019.pdf | 2 May 2019 |
| Certificates of CA (Form 3)File: CA Certificate - PARMARTH NIKETAN Q4 - 2018-2019_compressed.pdf | 2 May 2019 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q3 - 2018-2019.pdf | 9 Feb 2019 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN Q3 - 2018-2019-compressed.pdf | 9 Feb 2019 |
| Certificates of CA (Form 3)File: CA Certificate - PARMARTH NIKETAN Q3 - 2018-2019-compressed.pdf | 9 Feb 2019 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q2 - 2018-2019.pdf | 20 Oct 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN Q2 - 2018-2019.pdf | 20 Oct 2018 |
| Certificates of CA (Form 3)File: CA Certificate - PARMARTH NIKETAN Q2 - 2018-2019 - compressed.pdf | 20 Oct 2018 |
| Certificates of CA (Form 5)File: Form 5 - Parmarth Niketan - 2017-2018.pdf | 8 Oct 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q1 - 2018-2019.pdf | 17 Jul 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN Q1 - 2018-2019.pdf | 17 Jul 2018 |
| Certificates of CA (Form 3)File: CA Certificate - PARMARTH NIKETAN Q1 - 2018-2019-compressed.pdf | 17 Jul 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q4.pdf | 18 Apr 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN Q4.pdf | 18 Apr 2018 |
| Certificates of CA (Form 3)File: CA Certificate Q 4 Mani Bhuvan Compressed.pdf | 18 Apr 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q3.pdf | 22 Jan 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN Q3.pdf | 22 Jan 2018 |
| Certificates of CA (Form 3)File: CA Certificate Q3 Parmarth Nikitan.pdf | 22 Jan 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE - PARMARTH NIKETAN Q2.pdf | 16 Oct 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE - PARMARTH NIKETAN Q2.pdf | 16 Oct 2017 |
| Certificates of CA (Form 3)File: CA CERTIFICATE - PARMARTH NIKETAN Q2.pdf | 16 Oct 2017 |
| Layout approvalFile: 4 IOD PLANs.pdf | 24 Jul 2017 |
| Building plan approvalFile: 4 IOD Letter.pdf | 24 Jul 2017 |
| Building plan approvalFile: 4 IOD PLANs.pdf | 24 Jul 2017 |
| PAN CardFile: JVCD - PAN Card.pdf | 24 Jul 2017 |
| Copy of the legal title reportFile: 2 TITLE CERTIFICATE - Parmarth Niketan.pdf | 24 Jul 2017 |
| Details of encumbrancesFile: 3 DETAILS OF ENCUMBRANCE - PARMARTH NIKETAN.pdf | 24 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: 4 IOD PLANs.pdf | 24 Jul 2017 |
| Building Plan Approval (IOD)File: 4 IOD Letter.pdf | 24 Jul 2017 |
| Building Plan Approval (IOD)File: 4 IOD PLANs.pdf | 24 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: 12 BMC - CC DENIAL LETTER - PARMARTH NIKETAN.pdf | 24 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: 12 Self Declaration for CC - PARMARTH NIKETAN.pdf | 24 Jul 2017 |
| Declaration in FORM BFile: Form B AFFIDAVIT - PARMARTH NIKETAN.pdf | 24 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: 7 ARCHITECT CERTIFICATE - PARMARTH NIKETAN.pdf | 24 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: 11 ENGINEER'S CERTIFICATE - PARMARTH NIKETAN.pdf | 24 Jul 2017 |
| Certificates of CA (Form 3)File: 9 CA FORM 3 JVCD - 22-07-2017.pdf | 24 Jul 2017 |
| Proforma of Allotment letterFile: 5 Agreement under RERA Act Mani Bhuvan - Parmarth niketan.pdf | 24 Jul 2017 |
Promoter's earlier projects1
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 | Status | Promised | Delivered |
|---|---|---|---|---|---|
| Ganga Vihar CHS Ltd | Road No. 10 Daulat Nagar Borivali East Mumbai 400066 | 18 | Completed | May 2017 | May 2017 |
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Buyer report
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- All 79 filed documents as one ZIP, foldered, with a manifest
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Builder: J V Constructions & Developers
J V Constructions & Developers has 1 registration on MahaRERA, including Parmarth Niketan - Redevelopment of Mani Bhuvan. Its filings disclose 1 earlier MahaRERA project: declares 1 of 1 past projects completed on time. Read the full track record. See more projects on the Mumbai Suburban district page.
Frequently asked questions
What are my rights if Parmarth Niketan - Redevelopment of Mani Bhuvan is delayed beyond 30 Jun 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 Parmarth Niketan - Redevelopment of Mani Bhuvan?
The registered promoter entity is J V Constructions & Developers, 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 Parmarth Niketan - Redevelopment of Mani Bhuvan?
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 Parmarth Niketan - Redevelopment of Mani Bhuvan?
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 Parmarth Niketan - Redevelopment of Mani Bhuvan?
The professionals named in the filing: Architect: A R MEHTA & 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 Parmarth Niketan - Redevelopment of Mani Bhuvan?
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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