Home / Browse projects / Nashik, Maharashtra / SAISQUARE
SAISQUARE
RG-MH-67777 · RERA P51600055527 · Last updated on MahaRERA portal: 13 Dec 2024
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 9 months past the filed date
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- 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.
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SAISQUARE is a Commercial project by VIJAY VASUDEV LALWANI in Nashik, Maharashtra, registered with MahaRERA as P51600055527 on 2 Apr 2024. Possession was promised by 1 Jan 2026 and is now 9 months past that date. 0 of the 22 units on this registration are recorded sold or booked, and 1 of 11 construction stages are filed complete.
At a glance
Project
- NameSAISQUARE
- TypeCommercial
- Location
- NEAR SAVKAR PETROL PUMP
- KASBE SUKENA
- Kasbe Sukene
- Niphad
- Nashik
- 422302
- Pincode422302
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51600055527
- ReraGenie IDRG-MH-67777
Builder
- NameVIJAY VASUDEV LALWANI
- Entity typeIndividual
- Declared earlier projects1 →
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on2 Apr 2024
- Promised completion1 Jan 2026
- Revised completionNone
- Buildings1 building record
- Documents filed25 files
Current status
Figures as on 13 Dec 2024, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| SAI SQUARE | NA | 2 | 2 | 0 | 22 | 22 |
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 13 Dec 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.
1 of 11 construction stages are filed complete. The stage furthest along is Basement (if any), at 50%.
SAI SQUARE: 18% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 50% |
| Podiums (if any) | 0% |
| Plinth | 50% |
| Stilt Floor | 0% |
| 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 13 Dec 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 | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | Not applicable |
| Storm Water Drains | No | Not applicable |
| 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 | No | Not applicable |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | No | Not applicable |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | Yes | 0% |
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 partners4
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | ABHIJIT MALPURE |
| Engineer | JAYESH MAKWANA |
| Engineer | BHUSHAN SHINTARE |
| Chartered Accountant | S BRAMHECHA & CO |
| Partner | Role in project |
|---|---|
| VIJAY VASUDEV LALWANI | - |
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 Jan 2024 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 20 Jan 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 18 Jan 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 18 Jan 2024Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on 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.
Documents filed25
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 of Percentage of Completion of Work (Form 1)File: FORM 1 (2)_11zon.pdf | 13 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 (2)_11zon.pdf | 13 Dec 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 Sai square.pdf | 12 Dec 2024 |
| Declaration about Commencement CertificateFile: Format D.pdf | 23 Mar 2024 |
| Other - TechnicalFile: Annexure A.pdf | 23 Mar 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate_001.pdf | 10 Feb 2024 |
| Proforma of Allotment letterFile: DocScanner 13 Mar 2024 12-54 pm_compressed.pdf | 10 Feb 2024 |
| Other - LegalFile: Sale Deed Doc_001_compressed-compressed.pdf | 5 Feb 2024 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Deviation Report_001.pdf | 29 Jan 2024 |
| Declaration in FORM BFile: ilovepdf_merged (2)_removed_removed_organized.pdf | 25 Jan 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure_001.pdf | 25 Jan 2024 |
| Deviation Report with respect to model copy of AgreementFile: Allotment letter-1_001 (3).pdf | 25 Jan 2024 |
| Copy of the legal title reportFile: Title report_001_compressed.pdf | 24 Jan 2024 |
| Proforma of Agreement for saleFile: GetUserDocumentFileContent (63) (1) (1).pdf | 24 Jan 2024 |
| Layout approvalFile: 375 sukena.pdf | 20 Jan 2024 |
| Copy of Layout Approval (in case of layout)File: 375 sukena.pdf | 20 Jan 2024 |
| Building plan approvalFile: APPROVED PLAN (1).pdf | 18 Jan 2024 |
| PAN CardFile: vijay v lalwani pancard.pdf | 18 Jan 2024 |
| Details of encumbrances concerned to FinanceFile: Non-encumbrance letter_001.pdf | 18 Jan 2024 |
| Details of encumbrances concerned to LegalFile: Non-encumbrance letter_001.pdf | 18 Jan 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: APPROVED PLAN (1).pdf | 18 Jan 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: COMMENCMENT (1).pdf | 18 Jan 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form-2 Engineer Certificate_001 (1).pdf | 18 Jan 2024 |
| CERSAI detailsFile: CERSAI_Search_Report_200293936230_For_Asset_Based_Search_18_01_2024_17_29_06_263.pdf | 18 Jan 2024 |
| Deviation Report with respect to Allotment letterFile: Allotment letter-1_001 (1).pdf | 18 Jan 2024 |
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 |
|---|---|---|---|---|---|
| VIJAY PRIDE | RAMKRUSHNA NAGER MAKHMALABAD | 1 | Completed | Oct 2020 | Late, Dec 2020 |
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Buyer report
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- 2 conditions on this project's record read and explained, with the clear checks alongside
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- All 25 filed documents as one ZIP, foldered, with a manifest
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Project watch
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Builder: VIJAY VASUDEV LALWANI
VIJAY VASUDEV LALWANI has 1 registration on MahaRERA, including SAISQUARE. Its filings disclose 1 earlier MahaRERA project: declares 0 of 1 past projects completed on time. Read the full track record. See more projects on the Nashik district page.
Frequently asked questions
What does it mean that SAISQUARE shows as registration lapsed on MahaRERA?
A registration runs until the completion date the promoter declared. If the project is neither completed nor extended by then it lapses, and a de-registration or revocation ends it by order. In every case the promoter may no longer legally advertise, market or sell in the project, and the Authority can act under section 7 against a defaulting promoter. What it does not do is cancel an agreement for sale you have already signed, or extinguish your section 18 right to delay interest or refund; those run from your agreement, not from the registration. Get the current position from the promoter in writing, verify it on the MahaRERA portal, and take legal advice before paying any further instalment.
What are my rights if SAISQUARE is delayed beyond 1 Jan 2026?
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 SAISQUARE?
The registered promoter entity is VIJAY VASUDEV LALWANI, an individual 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 SAISQUARE?
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 SAISQUARE?
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 SAISQUARE?
The professionals named in the filing: Architect: ABHIJIT MALPURE; Engineer: JAYESH MAKWANA; Engineer: BHUSHAN SHINTARE; Chartered Accountant: S BRAMHECHA & 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 SAISQUARE?
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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