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Completed No litigation declared Residential / Group Housing project

Terraform Dwarka

By Money Magnum Nest Pvt Ltd

RG-MH-11033 · RERA P51800002826 · Last updated on MahaRERA portal: 9 Jan 2025

Source: official MahaRERA filing

Red flags

  • 1 complaint at MahaRERA

Clear

  • No litigation declared
  • Completion date never moved
  • Separate project account declared
  • Allotment letter follows the model form
  • Recorded completed on MahaRERA

1 condition is 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.
Dec 2023Possession promisedregistration recorded completed
9 of 11Construction stages donefurthest along: Internal walls, 98%
1Complaints at MahaRERAon this registration
Jump to the 266 documents Report an error

Terraform Dwarka is a Residential / Group Housing project by Money Magnum Nest Pvt Ltd in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800002826 on 4 Aug 2017. The registration is recorded completed; possession was promised by 30 Dec 2023. 1 complaint is on record with the regulator.

At a glance

Project

  • NameTerraform Dwarka
  • TypeResidential / Group Housing
  • Location
    • Jawahar Road
    • Ghatkopar East
    • Kurla
    • Mumbai Suburban
    • 400077
  • Pincode400077
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P51800002826
  • ReraGenie IDRG-MH-11033

Builder

  • NameMoney Magnum Nest Pvt Ltd
  • Entity typeCompany
  • CINU65923MH1996PTC100417
  • CIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
  • Managing DirectorNainesh Shah
  • DirectorsUDAY KUVERJI MOTA, Kishor Shah, Vimal Shah
  • Other registrations3 more →
  • Completed2 of 4
  • Declared earlier projects4 →

Key dates

this monthRegisteredAug 2017PromisedDec 2023Recorded completed

Key facts

Registration and timeline

  • StatusCompleted
  • Registered on4 Aug 2017
  • Promised completion30 Dec 2023
  • Revised completionNone
  • Buildings1 building record
  • Documents filed266 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Terraform Dwarka Wing BNA200000

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 9 Jan 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.

9 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 98%.

Terraform Dwarka Wing B: 91% average across the applicable activities

ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor100%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises98%
Sanitary Fittings within the flats / premises5%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks100%
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 amenities18

As on 9 Jan 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 facilityProposedProgress
Internal Roads & FootpathsYes75%
Water SupplyYes95%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes95%
Storm Water DrainsYes80%
Landscaping & Tree PlantingNoNot applicable
Street LightingYes0%
Community BuildingsNoNot applicable
Treatment And Disposal Of Sewage And Sullage WaterYes0%
Solid Waste Management And DisposalNoNot applicable
Water conservation /Rain water harvestingYes80%
Energy managemcntYes80%
Fire protection and fire safety requirementsYes95%
Electrical meter room, sub-station, receiving stationYes90%
Aggregate area of recreational Open SpaceYes50%
Open ParkingNoNot applicable
Generator or back up for Common areaYes0%
Fitness CenterYes100%
Closed Car Parking proposed for Whole Project Wing A B C DYes0%

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.

Land area2,601 sq m
Land owned byThe promoter
Named landownersNone

Approvals and building plan

Permissible FSI5757.48
Proposed, not sanctioned5,385 sq m
Buildings approved1
Buildings sanctioned1

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.

Separate project accountDeclared
Bank branchS T Road, Chembur East

Certifying professionals and partners8

Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectVenkataramanan Associates
ArchitectVishwas Satodia
EngineerRaje Structural Consultants
EngineerBhushan Chitanvis
EngineerSantosh Tiwari
EngineerShimon Sameul
Chartered AccountantJayesh S. Vora
Chartered AccountantJ. D. Zatakia & Co.
PartnerRole in project
Money Magnum Nest Pvt Ltd-

Litigation declared30

CaseCourtStatus
Complaint No 91/PW/06/2006Fiftieth MM Vikhroli CourtPENDING Dispute related to slum dweller and society
117/2014High Court BombayPending
2593/2015City Civil Court MumbaiPENDING Slum dweller related matter Nothing to do with property title
100030/2019City Civil Court MumbaiDisposed of
7099/2016High Court BombayPENDING Slum dweller related matter Nothing to do with property title
Contempt Petition 160/2016 in WP 9282/2016/2016High Court BombayPENDING Slum dweller related matter Nothing to do with property title
13037/2017High Court BombayPENDING Slum dweller related matter Nothing to do with property title
Counter Claim No 2/2017 in Suit No 117/2014/2017High Court BombayPending
1804/2018Before the City Civil Court MumbaiPENDING Slum dweller related matter Nothing to do with property title
2218/2019High Court BombayPENDING Slum dweller related matter Nothing to do with property title
3494/2019High Court BombayPENDING Slum dweller related matter Nothing to do with property title
2238/2019High Court BombayPENDING Slum dweller related matter Nothing to do with property title
Commercial Arbitration Petition No 1435/2019High Court BombayPending
213/2020Before Grievance Redressal Committee Mumbai SuburbanDisposed of
86/2020Before Apex Grievance Redressal Committee Mumbai SuburbanPENDING Slum dweller Rent related matter Nothing to do with property title
9/2021Before Grievance Redressal Committee Mumbai SuburbanDisposed of
SC Suit No 807/2021City Civil Court MumbaiPENDING Slum dweller related matter Nothing to do with property title
Appeal No 316 of 2021 in SRA Appeal No 53 of 2019/2021Before Grievance Redressal Committee Mumbai SuburbanDisposed of
Appeal No 317 of 2021 in SRA Appeal No 54 of 2019/2021Before Grievance Redressal Committee Mumbai SuburbanDisposed of
909/2023City Civil Court MumbaiPENDING Slum dweller related matter Nothing to do with property title
43/2021Before the Addl Collector Ench Rem Eastern Suburb ChurchgateDisposed of
386/2021Before Grievance Redressal Committee Mumbai SuburbanDisposed of
53/2021Before the Addl Collector Ench Rem Eastern Suburb ChurchgateDisposed of
54/2021Before the Addl Collector Ench Rem Eastern Suburb ChurchgateDisposed of
19/2021Before the Addl Collector Ench Rem Eastern Suburb ChurchgateDisposed of
251/2020Before Grievance Redressal Committee Mumbai SuburbanDisposed of
8659/2022High Court BombayPENDING SRA Society related matter
10058/2022High Court BombayPENDING Slum dweller related matter Nothing to do with property title
Suit No 1374 along with NM No 2753/2022City Civil Court MumbaiDisposed of
Suit No 1373 along with NM No 2754/2022City Civil Court MumbaiDisposed of

Complaints filed with MahaRERA1

Case no.ComplainantRespondentFiled
CC006000000344206MONEYMAGNUM NEST PRIVATELIMITEDAnkur Rakesh Dubey03/02/2023

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.

  1. Legal title reportOn the file

    A lawyer's report on who owns the land and what is registered against it.

    uploaded 24 Jul 2017
  2. Layout approvalOn the file

    The planning authority's approval of how the plots and buildings sit on the land.

    uploaded 3 Aug 2021
  3. Building plan approvalOn the file

    Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.

    uploaded 21 Aug 2021
  4. Commencement CertificateOn the file

    Permission to begin construction. On a plotted development the same slot carries the NA order instead.

    uploaded 2 Aug 2021Confirm the Commencement Certificate covers the specific floor you are buying.
  5. 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 20 May 2023

Documents filed266

As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath; the newest 80 of 266 are shown. 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.

DocumentUploaded
OtherFile: 2025 01 04 - Concession-Dwarka-B.pdf9 Jan 2025
Disclosure of sold/ booked inventoryFile: 2025 01 04 - Sold-Unsold-Dwarka-B.pdf9 Jan 2025
Disclosure of sold/ booked inventoryFile: 2024 10 05 - Sold Unsold-Dwarka-B.pdf9 Oct 2024
OtherFile: 2024 10 05 - Concession-Dwarka-B.pdf9 Oct 2024
OtherFile: 2024 10 05 - Concession-Dwarka-B.pdf9 Oct 2024
Disclosure of sold/ booked inventoryFile: 2024 10 05 - Sold Unsold-Dwarka-B.pdf9 Oct 2024
Disclosure of sold/ booked inventoryFile: 2024 07 03 - Sold-Unsold-Dwarka-B.pdf9 Jul 2024
OtherFile: 2024 07 03 - Concession Dwarka-B.pdf9 Jul 2024
Proforma of Allotment letterFile: TDB_AFS_11062024_Dwarka-B.pdf13 Jun 2024
OtherFile: 2024 06 05 - Concession-Dwarka-B.pdf7 Jun 2024
Disclosure of sold/ booked inventoryFile: 2024 03 31 - Sold Unsold Dwarka-B.pdf11 Apr 2024
OtherFile: 2024 01 25 - Concession-Dwarka-B.pdf29 Jan 2024
Disclosure of sold/ booked inventoryFile: 2023 12 31 - Sold Unsold-Dwarka-B.pdf19 Jan 2024
Other - TechnicalFile: Form 2 - Dwarka Wing B Sale Building Quarter July to September 2023.pdf4 Nov 2023
Disclosure of sold/ booked inventoryFile: 2023 10 04 - Sold Unsold Dwarka-B.pdf17 Oct 2023
OtherFile: Dwarka B wing 041023.pdf13 Oct 2023
Disclosure of sold/ booked inventoryFile: Details of Sold and Unsold of Terraform K Dwarka Wing B.pdf7 Oct 2023
Other - TechnicalFile: Form 2 - Dwarka Wing B Sale Building Quarter April to June 2023.pdf7 Oct 2023
Disclosure of sold/ booked inventoryFile: 2023 07 07 - Sold unsold Dwarka B wing.pdf12 Jul 2023
OtherFile: 2023 07 10 - Concession B wing.pdf12 Jul 2023
Other - FinanceFile: Terraform Dwarka Wing B - Rera Form 3 - Oct to Dec 22_compressed.pdf23 May 2023
Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Arch Completion Certificate OC .pdf20 May 2023
Architect’s Certificate on Completion of Project (Form 4)File: Arch Completion Certificate OC .pdf20 May 2023
Other - TechnicalFile: Dwarka wing B March 23.pdf18 May 2023
Other - TechnicalFile: Form 2 - Dwarka Wing B Sale Building Quarter Jan to Mar 2023.pdf18 May 2023
Disclosure of sold/ booked inventoryFile: 2023 04 10 - Sold Unsold - Dwarka-B.pdf19 Apr 2023
OtherFile: 2023 04 10 - Concession Dwarka-B.pdf19 Apr 2023
Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: 008-Dwarka B.pdf14 Apr 2023
Disclosure of sold/ booked inventoryFile: 2023 01 04 - Sold-Unsold-Dwarka-B.pdf14 Jan 2023
OtherFile: 2023 01 04 - Concession Dwarka-B.pdf14 Jan 2023
Proforma of Agreement for saleFile: TDB_AFS_22112022_uploaded on RERA_11.pdf9 Dec 2022
Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Dwarka Wing B.pdf13 Oct 2022
Disclosure of sold/ booked inventoryFile: 2022 10 06 - Sold Unsold Dwarka-B.pdf12 Oct 2022
OtherFile: 2022 10 06 - concession-Dwarka-B.pdf12 Oct 2022
OtherFile: 2022 09 26-Concession 308 Wing-B.pdf27 Sep 2022
Disclosure of sold/ booked inventoryFile: Dwarka-B-sold-unsold 04-07-2022.pdf7 Jul 2022
OtherFile: Wing - B.pdf22 Apr 2022
Disclosure of sold/ booked inventoryFile: TD -B March 22- com.pdf19 Apr 2022
CERSAI detailsFile: Dwarka CERSAI 50 cr_Search_Report_Money Magnum Prop 1.pdf16 Feb 2022
OtherFile: SRA- TFR -Dwarka- WIng B- Feb 22.pdf16 Feb 2022
Disclosure of sold/ booked inventoryFile: Dwarka-B -Sold Unsold dt 30-09-2021.pdf18 Jan 2022
Disclosure of sold/ booked inventoryFile: Dwarka-B-Sold Unsold dt 31-12-2021.pdf18 Jan 2022
Details of encumbrancesFile: Terraform Dwarka B.pdf19 Nov 2021
OtherFile: Dwarka-B dt11-10-2021.pdf12 Oct 2021
Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Dwarka, Wing-B.pdf4 Oct 2021
Building plan approvalFile: LOI-6th July 2021.pdf21 Aug 2021
Building Plan Approval (IOD)File: LOI-6th July 2021.pdf21 Aug 2021
OtherFile: stampduty-concession-Dwarka-B.pdf19 Aug 2021
Layout approvalFile: Layout Plan 1-1 Block Plan.pdf3 Aug 2021
Building plan approvalFile: Letter dt 14-07-2021.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (1-12) Gr Flr ABCD.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (2-12) Basement.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (3-12) 1st Podium Flr.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (4-12) 2nd Flr ABCD.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (5-12) 3rd and14th ABCD.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (6-12) 4th to 7th n 9th to 13th.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (7-12) 8th Refuge ABCD.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (8-12) 9th Flr B n C.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (9-12) 15th Flr ABCD.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (10-12) Terrace.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (11-12) Section.pdf3 Aug 2021
Building plan approvalFile: Sale bldg-3 (12-12) Section.pdf3 Aug 2021
Copy of Layout Approval (in case of layout)File: Layout Plan 1-1 Block Plan.pdf3 Aug 2021
Building Plan Approval (IOD)File: Letter dt 14-07-2021.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (1-12) Gr Flr ABCD.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (2-12) Basement.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (3-12) 1st Podium Flr.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (4-12) 2nd Flr ABCD.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (5-12) 3rd and14th ABCD.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (6-12) 4th to 7th n 9th to 13th.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (7-12) 8th Refuge ABCD.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (8-12) 9th Flr B n C.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (9-12) 15th Flr ABCD.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (10-12) Terrace.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (11-12) Section.pdf3 Aug 2021
Building Plan Approval (IOD)File: Sale bldg-3 (12-12) Section.pdf3 Aug 2021
Disclosure of sold/ booked inventoryFile: TFR-Dwarka-B-Sold Inventory.pdf3 Aug 2021
Commencement Certificates / NA Order for plotted developmentFile: CC-re-endorsement dt 14-07-2021.pdf2 Aug 2021
Declaration about Commencement CertificateFile: TFR-Dwarka-B-declaration-CC.pdf2 Aug 2021
Proforma of Allotment letterFile: TDB_AFS_07062021_uploaded on RERA_10.pdf7 Jun 2021

Promoter's earlier projects3

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.

1 delivered on promise2 not delivered by the promised date
ProjectLocationFlatsRegisteredStatusPromisedDelivered
Terraform Dwarka - Wing DP51800020666Ghatkopar East, Mumbai Suburban93Apr 2019OngoingDec 2024Not delivered
Terraform Dwarka - Wing CP51800020608Ghatkopar East, Mumbai Suburban69Apr 2019OngoingDec 2024Not delivered
TERRAFORM DWARKAP51800002718Ghatkopar East, Mumbai Suburban-Aug 2017CompletedDec 2023May 2023

How this compares with Mumbai Suburban

33%of Mumbai Suburban projects moved their completion datethis one has not
21%of Mumbai Suburban registrations have lapsed or been cancelledthis one is completed

Computed across the 6,700+ Mumbai Suburban projects on ReraGenie, from their own filings.

Free monthly report: Mumbai on MahaRERA, month by month. What registered each month, this city against the other six, the possession pipeline and the pincode micro-markets, from these same filings.

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How alerts work

Other projects near Ghatkopar East6,700+ in Mumbai Suburban

2 kmTerraform DwarkaCompleted 115Lapsed / revoked 68Other 118Dot size: filed unitsN

Filed coordinates, straight-line distance. 301 registered projects within 2 km.

Builder: Money Magnum Nest Pvt Ltd

Money Magnum Nest Pvt Ltd has 4 registrations on MahaRERA, including TERRAFORM DWARKA and Terraform Dwarka. Its filings disclose 4 earlier MahaRERA projects: declares 2 of 2 past projects completed on time. Litigation is declared on 2 of its registrations. Read the full track record. See more projects on the Mumbai Suburban district page.

Frequently asked questions

What are my rights if Terraform Dwarka is delayed beyond 30 Dec 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 Terraform Dwarka?

The registered promoter entity is Money Magnum Nest Pvt Ltd, a company as per the filing. Its CIN U65923MH1996PTC100417 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 Terraform Dwarka?

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 do I read the complaint cases filed against Terraform Dwarka?

Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.

How current is the construction progress shown for Terraform Dwarka?

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 Terraform Dwarka?

The professionals named in the filing: Architect: Venkataramanan Associates; Architect: Vishwas Satodia; Engineer: Raje Structural Consultants; Engineer: Bhushan Chitanvis; Engineer: Santosh Tiwari; Engineer: Shimon Sameul. 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 Terraform Dwarka?

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.

Read the whole filing and still not sure? That is what the Rs 499 buyer report is for: the conditions on this record read one by one, the progress against the promise, this promoter's other registrations, what the filed documents themselves say, and a ZIP of every document on the filing. It carries the Rs 299 project watch free for 90 days.

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