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PINNACLE
By VAIBHAV PROPERTIES PRIVATE LIMITED
RG-MH-61282 · RERA P51900049503 · Last updated on MahaRERA portal: 22 Aug 2025
Source: official MahaRERA filing
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Red flags
- Completion date moved by 19 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
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: .Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
PINNACLE is a Residential / Group Housing project by VAIBHAV PROPERTIES PRIVATE LIMITED in SION, 400022, registered with MahaRERA as P51900049503 on 15 Feb 2023. Possession is promised by 31 Mar 2027. The completion date has moved by 19 months from the original filing. 4 of the 58 units on this registration are recorded sold or booked, and 3 of 11 construction stages are filed complete.
At a glance
Project
- NamePINNACLE
- TypeResidential / Group Housing
- Location
- SION FORT
- SION
- 400022
- Pincode400022
- RERA no.P51900049503
- ReraGenie IDRG-MH-61282
Builder
- NameVAIBHAV PROPERTIES PRIVATE LIMITED
- Entity typeCompany
- Managing DirectorABHAYRAJSINGH KOHLI
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on15 Feb 2023
- Promised completion31 Mar 2027
- Revised completionRevised to 31 Mar 2027 (originally 31 Aug 2025)
- Buildings1 building record
- Documents filed50 files
Current status
Figures as on 22 Aug 2025, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Pinnacle | NA | 17 | 16 | 58 | 0 | 58 |
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 22 Aug 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.
3 of 11 construction stages are filed complete. The stage furthest along is Slabs of Super Structure, at 90%.
Pinnacle: 44% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 90% |
| 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 | 90% |
| 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 22 Aug 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 | No | Not applicable |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| 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 | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed72
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
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.
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 |
|---|---|---|---|
| Pinnacle | NA | Rs 24.00 cr | Rs 10.29 cr |
Certifying professionals and partners7
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | DESIGN NEXUS STUDIO |
| Architect | DESIGNEXUS ARCHITECTURAL STUDIO |
| Engineer | Aniket Milind Aher |
| Engineer | CLINT PATRICK DOS SANTOS |
| Engineer | JACOB BASTYAW DSOUZA |
| Chartered Accountant | Tamhane & Mehta Chartered Accountants |
| Chartered Accountant | NEHALI DHAVAL DOSHI |
| Partner | Role in project |
|---|---|
| VAIBHAV PROPERTIES PRIVATE LIMITED | - |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoter1. Structural Redesign or Change in Planning Based on technical site evaluations and safety audits, certain aspects of the structural layout and MEP systems had to be redesigned to meet updated technical standards and ensure long-term safety and quality. The plinth also had to be redone as per the new amended plans and various structural changes were done, the work that was done earlier was also demolished. 2. Delay in Statutory Clearances/Utility Approvals The redesigning and revised approvals of the plans had to be procured from BMC, and other government authorities which led to a delay in t
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 6 Jan 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 6 Jan 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 6 Jan 2023 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 6 Jan 2023Confirm 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 Mar 2027
Documents filed50
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 |
|---|---|
| Withdrawal Update Form 1File: form 1.pdf | 22 Aug 2025 |
| Withdrawal Update Form 2File: PINNCEL FORM 2 (2).pdf | 22 Aug 2025 |
| Withdrawal Update Form 3File: ca form 3 june 25.pdf | 22 Aug 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Signed CA Certificate-Vaibhav properties - dec 24 (1).pdf | 8 Feb 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3.pdf | 6 Feb 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3.pdf | 18 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3.pdf | 18 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf | 31 Jul 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3.pdf | 31 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2.pdf | 10 May 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A 23-24.pdf | 10 May 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3.pdf | 24 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER - PINNACLE (july 23 to sept 23) SING.pdf | 12 Mar 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGINEER - PINNACLE (oct 23 to dec 23) SING.pdf | 12 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Architect Certificate 23 Q4.pdf | 14 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 CA Certificate 23 Q3.pdf | 12 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 CA Certificate 23 Q4.pdf | 12 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Signed CA Certificate-Vaibhav properties - Sep-23.pdf | 10 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 CA Certificate 23 Q4.pdf | 10 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 CA Certificate 23 Q4.pdf | 9 Feb 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certi Rera 26-09-23 Sign.pdf | 6 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer_Form_2 - PINNACLE (26-09-23) (1).pdf | 5 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Signed CA Certificate-Vaibhav properties - June 23( Sandeep Jadhwani.pdf | 5 Oct 2023 |
| Proforma of Agreement for saleFile: RERA Agreement clean.pdf | 8 Feb 2023 |
| Deviation Report with respect to model copy of AgreementFile: Diviation 03022023_1-20.pdf | 8 Feb 2023 |
| Deviation Report with respect to model copy of AgreementFile: Diviation 03022023_21-end.pdf | 8 Feb 2023 |
| PAN CardFile: VAIBHAV PROTO.pdf | 11 Jan 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA CERTIFICATE FORM-3.pdf | 7 Jan 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A dislcosure vaibhav.pdf | 7 Jan 2023 |
| Proforma of Allotment letterFile: ALLOTMENT LETTER RERA SION PINNACLE.pdf | 7 Jan 2023 |
| Building plan approvalFile: Shanti Niketan _IOD_signed.pdf | 6 Jan 2023 |
| Layout approvalFile: Shanti Niketan IOD Drawing_1-1.pdf | 6 Jan 2023 |
| Layout approvalFile: Shanti Niketan IOD Drawing_2-2.pdf | 6 Jan 2023 |
| Layout approvalFile: Shanti Niketan IOD Drawing_3-3.pdf | 6 Jan 2023 |
| Layout approvalFile: Shanti Niketan IOD Drawing_4-end.pdf | 6 Jan 2023 |
| Copy of the legal title reportFile: RERA TITLE.pdf | 6 Jan 2023 |
| Details of encumbrances concerned to FinanceFile: No Encumbrance ABSK.pdf | 6 Jan 2023 |
| Details of encumbrances concerned to LegalFile: No Encumbrance ABSK.pdf | 6 Jan 2023 |
| Copy of Layout Approval (in case of layout)File: Shanti Niketan IOD Drawing_1-1.pdf | 6 Jan 2023 |
| Copy of Layout Approval (in case of layout)File: Shanti Niketan IOD Drawing_2-2.pdf | 6 Jan 2023 |
| Copy of Layout Approval (in case of layout)File: Shanti Niketan IOD Drawing_3-3.pdf | 6 Jan 2023 |
| Copy of Layout Approval (in case of layout)File: Shanti Niketan IOD Drawing_4-end.pdf | 6 Jan 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: Shanti Niketan _IOD_signed.pdf | 6 Jan 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: 2322197_FirstCC_signed.pdf | 6 Jan 2023 |
| Declaration about Commencement CertificateFile: Declaration Commencement Certi.pdf | 6 Jan 2023 |
| Declaration in FORM BFile: Form B promtoer.pdf | 6 Jan 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate for Sion Shantiniketan RERA.pdf | 6 Jan 2023 |
| CERSAI detailsFile: Cersai Declaration.pdf | 6 Jan 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Account RERA.pdf | 6 Jan 2023 |
| Deviation Report with respect to Allotment letterFile: Deviation Report Allotment Letter Rera.pdf | 6 Jan 2023 |
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Buyer report
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Builder: VAIBHAV PROPERTIES PRIVATE LIMITED
VAIBHAV PROPERTIES PRIVATE LIMITED has 1 registration on MahaRERA, including PINNACLE. Its filings disclose no earlier MahaRERA projects. Read the full track record.
Frequently asked questions
What are my rights if PINNACLE is delayed beyond 31 Mar 2027?
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 PINNACLE?
The registered promoter entity is VAIBHAV PROPERTIES PRIVATE LIMITED, 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 PINNACLE?
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 PINNACLE?
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 PINNACLE?
The professionals named in the filing: Architect: DESIGN NEXUS STUDIO; Architect: DESIGNEXUS ARCHITECTURAL STUDIO; Engineer: Aniket Milind Aher; Engineer: CLINT PATRICK DOS SANTOS; Engineer: JACOB BASTYAW DSOUZA; Chartered Accountant: Tamhane & Mehta Chartered Accountants. 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 PINNACLE?
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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