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RIVERNEST APARTMENT
RG-MH-23331 · RERA P51600078639 · Last updated on MahaRERA portal: 21 Jul 2025
Source: official MahaRERA filing
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Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
Nothing adverse is on this record. The buyer report still reads the filed documents themselves.
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RIVERNEST APARTMENT is a Residential / Group Housing project by ADIKARA DEVELOPERS in Nashik, Maharashtra, registered with MahaRERA as P51600078639 on 30 Dec 2024. Possession is promised by 31 Jul 2028. 0 of the 20 units on this registration are recorded sold or booked, and 5 of 11 construction stages are filed complete.
At a glance
Project
- NameRIVERNEST APARTMENT
- TypeResidential / Group Housing
- Location
- ASARAM BAPU BRIDGE ROAD
- NEAR ALASKA BANQUET HALL CHANDSHI NASHIK
- Chandshi
- Nashik
- 422003
- Pincode422003
- RERA no.P51600078639
- ReraGenie IDRG-MH-23331
Builder
- NameADIKARA DEVELOPERS
- Entity typePartnership
- Declared earlier projects1 →
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on30 Dec 2024
- Promised completion31 Jul 2028
- Revised completionNone
- Buildings1 building record
- Documents filed39 files
Current status
Figures as on 21 Jul 2025, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| RIVERNEST APARTMENT | NA | 6 | 5 | 20 | 0 | 20 |
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 21 Jul 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.
5 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 70%.
RIVERNEST APARTMENT: 60% 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 | 70% |
| Sanitary Fittings within the flats / premises | 25% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 25% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 40% |
| 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 21 Jul 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 | No | Not applicable |
| Landscaping & Tree Planting | Yes | 0% |
| 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 filed1
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 ownership1
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 |
|---|---|---|
| UMAJI NIVRUTTI MANDLIK | Nashik | 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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | BHUSHAN P MORE |
| Engineer | BHUSHAN P MORE |
| Chartered Accountant | S K M R D & ASSOCIATES |
| Partner | Role in project |
|---|---|
| ADIKARA 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 1 Dec 2024 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 1 Dec 2024 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 1 Dec 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 1 Dec 2024Confirm 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 Jul 2028
Documents filed39
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: Arch_Certificate.pdf | 21 Jul 2025 |
| Withdrawal Update Form 1File: Arch_Certificate.pdf | 21 Jul 2025 |
| Withdrawal Update Form 1File: Arch_Certificate.pdf | 21 Jul 2025 |
| Withdrawal Update Form 2File: RiverNest Apt Form 2 30102024.pdf | 21 Jul 2025 |
| Withdrawal Update Form 2File: RiverNest Apt Form 2 30102024.pdf | 21 Jul 2025 |
| Withdrawal Update Form 2File: RiverNest Apt Form 2 30102024.pdf | 21 Jul 2025 |
| Withdrawal Update Form 3File: CA Certificate.pdf | 21 Jul 2025 |
| Withdrawal Update Form 3File: CA Certificate.pdf | 21 Jul 2025 |
| Withdrawal Update Form 3File: CA Certificate.pdf | 21 Jul 2025 |
| Other - TechnicalFile: RiverNest Apt Declaration for Authorized 12112024.pdf | 20 Dec 2024 |
| Other - TechnicalFile: RiverNest Apt Annexure A Declairation-Cum-Undertaking Partner.pdf | 8 Dec 2024 |
| Proforma of Agreement for saleFile: RiverNest Apt New Proforma of Agreement to Sale 18122024.pdf | 4 Dec 2024 |
| Building plan approvalFile: Rivernest IOD 22022024.pdf | 1 Dec 2024 |
| Layout approvalFile: Rivernest Layout 22022024.pdf | 1 Dec 2024 |
| PAN CardFile: Adikara Developers Firms PAN Card.pdf | 1 Dec 2024 |
| Copy of the legal title reportFile: RiverNest Apt Title n Format A 12122024.pdf | 1 Dec 2024 |
| Details of encumbrances concerned to FinanceFile: RiverNest Apt No Encumbrance Finance 26112024.pdf | 1 Dec 2024 |
| Details of encumbrances concerned to FinanceFile: RiverNest Apt No Encumbrance Legal 26112024.pdf | 1 Dec 2024 |
| Copy of Layout Approval (in case of layout)File: Rivernest Layout 22022024.pdf | 1 Dec 2024 |
| Proforma of Allotment letterFile: RiverNest Apt AllotmentLetter Annexure 1.pdf | 1 Dec 2024 |
| Declaration in FORM BFile: RiverNest Apt Form B Developer 04092024.pdf | 1 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: RiverNest Apt Form 1 27102024.pdf | 1 Dec 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: RiverNest Apt Form 3 04112024.pdf | 1 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: RiverNest Apt Form 2 30102024.pdf | 1 Dec 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: RiverNest Apt Commencment Certificate 22052023.pdf | 1 Dec 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: Rivernest IOD 22022024.pdf | 1 Dec 2024 |
| Other - LegalFile: RiverNest Apt Declaration for Authorized 12112024.pdf | 1 Dec 2024 |
| Disclosure of sold/ booked inventoryFile: RiverNest Apt Discloser of Sold Inventory.pdf | 1 Dec 2024 |
| Declaration about Commencement CertificateFile: RiverNest Apt Format D 11112024.pdf | 1 Dec 2024 |
| CERSAI detailsFile: RiverNest Apt CERSAI_Search_Report_200329781779_For_Asset_Based_Search_01_12_2024_19_51_27 | 1 Dec 2024 |
| Declaration about all RERA Designated Bank Accounts (Format A)File: RiverNest Apt Format A Bank Ac Promoter LH 15102024.pdf | 1 Dec 2024 |
| Deviation Report with respect to Allotment letterFile: RiverNest Apt Deviation for Allotment Letter.pdf | 1 Dec 2024 |
| Details of encumbrances concerned to LegalFile: RiverNest Apt No Encumbrance Finance 26112024.pdf | 1 Dec 2024 |
| Details of encumbrances concerned to LegalFile: RiverNest Apt No Encumbrance Legal 26112024.pdf | 1 Dec 2024 |
| Deviation Report with respect to model copy of AgreementFile: RiverNest Apt Deviation for Agreement for Sell.pdf | 1 Dec 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: RiverNest Apt Discloser Other Kiran Tagde.pdf | 1 Dec 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: RiverNest Apt Discloser Other Santosh Phade.pdf | 1 Dec 2024 |
| Letter from the bank regarding the opening of RERA Designated Bank Accounts (Format B)File: RiverNest Apt DnD Bank Acoount Details BLH 18122024.pdf | 1 Dec 2024 |
| Disclosure for secured/unsecured finance availed for the projectFile: RiverNest Apt Discloser of Secured_unSecured Finance 06122024.pdf | 1 Dec 2024 |
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Buyer report
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Builder: ADIKARA DEVELOPERS
ADIKARA DEVELOPERS has 1 registration on MahaRERA, including RIVERNEST APARTMENT. Its filings disclose 1 earlier MahaRERA project, none completed yet. Read the full track record. See more projects on the Nashik district page.
Frequently asked questions
What are my rights if RIVERNEST APARTMENT is delayed beyond 31 Jul 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 RIVERNEST APARTMENT?
The registered promoter entity is ADIKARA 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 RIVERNEST APARTMENT?
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 RIVERNEST APARTMENT?
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 RIVERNEST APARTMENT?
The professionals named in the filing: Architect: BHUSHAN P MORE; Engineer: BHUSHAN P MORE; Chartered Accountant: S K M R D & 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 RIVERNEST APARTMENT?
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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