Home / Browse projects / Mumbai Suburban, Maharashtra / Prem Ratan
Prem Ratan
RG-MH-28872 · RERA P51800046559 · Last updated on MahaRERA portal: 4 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
- All 1 earlier projects delivered on promise
Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against the promoter's 5 other registrations.
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Prem Ratan is a Residential / Group Housing project by Ossia developers in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800046559 on 12 Aug 2022. The registration is recorded completed; possession was promised by 31 Dec 2024.
At a glance
Project
- NamePrem Ratan
- TypeResidential / Group Housing
- Location
- Prem Nagar road
- Prem Nagar
- Borivali
- Mumbai Suburban
- 400092
- Pincode400092
- RERA no.P51800046559
- ReraGenie IDRG-MH-28872
Builder
- NameOssia developers
- Entity typePartnership
- GSTIN27AACFO4507A1ZS
- GSTIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
- PartnersBIPIN BABULAL SHAH, Ditanshu Bipin Shah, Ditanshu Bipin Shah, BIPIN BABULAL SHAH, Ditanshu Bipin Shah, BIPIN BABULAL SHAH
- Other registrations5 more →
- Completed3 of 6
- Declared earlier projects5 →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on12 Aug 2022
- Promised completion31 Dec 2024
- Revised completionNone
- Buildings2 building records
- Documents filed29 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Prem Ratan B wing | NA | 39 | 0 | 0 | 0 | 0 |
| Prem Ratan A wing | NA | 18 | 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 building2
As on 4 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.
22 of 22 construction stages are filed complete across 2 buildings.
Prem Ratan B wing100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| 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% |
Prem Ratan A wing100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| 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 4 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 | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | Not applicable |
| 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 | Yes | 100% |
| 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 | Yes | 100% |
| Open Parking | Yes | 100% |
Parking filed3
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 ownership2
MahaRERA does not publish landowner contact details. MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| PREM RATAN CHSL | Borivali | Mumbai Suburban |
| OSSIA DEVELOPERS | Borivali | 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.
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 | Modi Bhavin Arvind |
| Engineer | FURKHAN I PETTIWALA |
| Chartered Accountant | A R RUWALA & CO |
| Partner | Role in project |
|---|---|
| Ossia developers | - |
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 18 Jul 2022 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 9 Jun 2022 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 8 Aug 2022 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 24 Jun 2022Confirm 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 4 Nov 2024
Documents filed29
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 |
|---|---|
| Architect’s Certificate on Completion of Project (Form 4)File: 2751 RERA Form 4.pdf | 4 Nov 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: 2402704_OC_signed.pdf | 4 Nov 2024 |
| Disclosure of sold/ booked inventoryFile: 29_07_23_PR_RERA_Inventory_F.pdf | 31 Jul 2023 |
| Building plan approvalFile: 3.pdf | 8 Aug 2022 |
| Building plan approvalFile: 4.pdf | 8 Aug 2022 |
| Building plan approvalFile: 5 C.pdf | 8 Aug 2022 |
| Building plan approvalFile: 1 C.pdf | 8 Aug 2022 |
| Building plan approvalFile: 2.pdf | 8 Aug 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 3.pdf | 8 Aug 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 4.pdf | 8 Aug 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 5 C.pdf | 8 Aug 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 1 C.pdf | 8 Aug 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 2.pdf | 8 Aug 2022 |
| Declaration about Commencement CertificateFile: Declaration for Commencement.pdf | 8 Aug 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form3 prem ratan_compressed.pdf | 3 Aug 2022 |
| Proforma of Allotment letterFile: Prem Ratan CHS - RERA Sale Agreement 06012020.pdf | 21 Jul 2022 |
| CERSAI detailsFile: Prem Ratan CERSAI.pdf | 20 Jul 2022 |
| Copy of the legal title reportFile: prem Ratan Title.pdf | 18 Jul 2022 |
| Details of encumbrances concerned to LegalFile: Law Encumbrances for RERA.pdf | 18 Jul 2022 |
| Proforma of Allotment letterFile: Model of Allotment Letter draft.pdf | 18 Jul 2022 |
| Deviation Report with respect to Allotment letterFile: Deviation in Allotment Letter.pdf | 18 Jul 2022 |
| Deviation Report with respect to model copy of AgreementFile: Deviation in Model Copy of Agreement.pdf | 18 Jul 2022 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Letter regarding - Rera Account .pdf | 4 Jul 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: 2331377_FirstCC_signed.pdf | 24 Jun 2022 |
| Layout approvalFile: Layout.pdf | 9 Jun 2022 |
| Details of encumbrancesFile: Encumbrances.pdf | 9 Jun 2022 |
| Copy of Layout Approval (in case of layout)File: Layout.pdf | 9 Jun 2022 |
| Declaration in FORM BFile: Revised Form B Affidavit-cum-Declaration_compressed.pdf | 9 Jun 2022 |
| PAN CardFile: Ossia developers pancard --.pdf | 9 Jan 2021 |
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 |
|---|---|---|---|---|---|
| OSSIA ELEGANCE | DAULAT NAGAR ROAD NO 3 BORIVALI EAST MUMBAI 400066 | 19 | Completed | Feb 2016 | Feb 2016 |
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How this compares with Mumbai Suburban
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Buyer report
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- Red flags and clear checks, the possession story, sanctions and sales, land and title, who you are dealing with
- Joined against the promoter's 5 other registrations, which the RERA portal never shows together
- All 29 filed documents as one ZIP, foldered, with a manifest
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Builder: Ossia developers
Ossia developers has 6 registrations on MahaRERA, including JYOTI CHSL and Prem Ratan. Its filings disclose 5 earlier MahaRERA projects: declares 4 of 4 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 Prem Ratan is delayed beyond 31 Dec 2024?
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 Prem Ratan?
The registered promoter entity is Ossia developers, a partnership as per the filing. Its GSTIN 27AACFO4507A1ZS 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 Prem Ratan?
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 Prem Ratan?
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 Prem Ratan?
The professionals named in the filing: Architect: Modi Bhavin Arvind; Engineer: FURKHAN I PETTIWALA; Chartered Accountant: A R RUWALA & CO. 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 Prem Ratan?
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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