Rishabraj Aradhana
MahaRERA Property Intelligence · Mumbai Suburban
P51800049511 · JAYRAJ NAGAR BORIVALI WEST · promoter Nhi Developers Llp
| MahaRERA registration | P51800049511 |
| Registered on | 15 Feb 2023 |
| Promoter-declared completion | 31 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 months to the declared date |
MahaRERA's own defaulter/deregistration lists and the project's quarterly-progress-report filing — the regulator's view of whether this project is in good standing.
MahaRERA's cost filing puts construction at ~100.0% of the estimated project cost incurred as of the last certificate (₹83.74 Cr spent against a ₹83.74 Cr estimate). This financial % is the regulator's own proxy for how much is physically built — the closest public read on real progress, and one a brochure never shows.
Cost-incurred % as last certified to MahaRERA; it can lag on-site reality between filings. Confirm the current stage and the latest Form 2 before you book.
Of 104 homes filed with MahaRERA, 91 are sold/booked (90 with registered agreements + 1 booked) and 13 remain available (~88% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹148.96 Cr in agreement value so far. Of that, ₹143.11 Cr (~96%) is already collected, ₹5.89 Cr receivable — a read on how far along these sales really are. Note: the project registers 217 homes in total, but this sold/unsold inventory filing covers only 104 of them — the other 113 aren't in the ledger yet. Ask the builder what they are (an unreleased phase, held-back stock, or non-saleable/car-park units) before reading too much into the percentage. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.
What buyers actually paid: across 91 registered agreements, the effective carpet rate is ₹25,196/sqft (typical range ₹20,919–₹30,103) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
The unsold units on the filing — if you're quoted a unit NOT on this list, ask why it shows as sold/booked on the RERA record:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 1 | C-101 | 616 sqft (57.23 sqm) | ₹1.66 Cr |
| Floor 1 | C-102 | 470 sqft (43.66 sqm) | ₹1.27 Cr |
| Floor 1 | C-103 | 640 sqft (59.46 sqm) | ₹1.72 Cr |
| Floor 1 | C-104 | 234 sqft (21.74 sqm) | ₹63.06 Lakh |
| Floor 21 | A-2102 | 658 sqft (61.14 sqm) | ₹1.31 Cr |
| Floor 4 | C-401 | 693 sqft (64.38 sqm) | ₹1.87 Cr |
| Floor 4 | C-402 | 470 sqft (43.66 sqm) | ₹1.27 Cr |
| Floor 4 | C-403 | 459 sqft (42.64 sqm) | ₹1.24 Cr |
| Floor 5 | A-0506 | 924 sqft (85.88 sqm) | ₹1.84 Cr |
| Floor 6 | A-0605 | 933 sqft (86.69 sqm) | ₹1.85 Cr |
| Floor 6 | A-0606 | 924 sqft (85.88 sqm) | ₹1.84 Cr |
| Floor 8 | A-0805 | 933 sqft (86.69 sqm) | ₹1.85 Cr |
| Floor 8 | A-0806 | 924 sqft (85.88 sqm) | ₹1.84 Cr |
No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing — still confirm your specific unit's status in the agreement.
The buildings and wings registered under this project, with each tower's sanctioned height and declared completion date. Here the tallest tower rises to G+22 and 217 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| AKSHAYA RESIDENCY A-B | 1 | G+22 | 210 | - |
| AKSHAYA COMMERCIAL COMPLEX | 1 | G+5 | 7 | - |
Unit mix on the filing: 210 residential and 7 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
The promoter has declared 2 court cases on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| City Civil Court Dindoshi | 202675 | 2019 | Notice Of Motion For Reply Rejoinder |
| City Civil Court Dindoshi | 201801 | 2019 | Notice Of Motion For Rejoinder |
Located at JAYRAJ NAGAR BORIVALI WEST, MAHISA MARDINI ROAD, Borivali, Mumbai Suburban, 400092. Per the filed land record, the plot is bounded to the north by MAHISA MARDANI TEMPLE ROAD, to the south by VILLAGE EKSAR, to the east by NALANDA CHS and to the west by NARMADA CHS. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~12 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.
| Landmark | Straight-line |
|---|---|
| Andheri MIDC / SEEPZ | 12 km |
| Powai / Hiranandani business park | 15 km |
| Chhatrapati Shivaji Int'l Airport | 16 km |
| Bandra Kurla Complex (BKC) | 19 km |
| Lower Parel / Worli business district | 26 km |
| Nariman Point / Fort | 34 km |
Straight-line distances from the geocoded project locality (the RERA address is an area, not a door) — directional, not door-to-door drive times. Check the actual road route, the nearest metro station and daily-need shops/schools/hospitals on a site visit.
🔒 The verdict & buyer playbook · Compliance report
The paid report opens with the overall risk read on this MahaRERA filing, exactly what I'd do as a buyer in this project, who it suits, and the questions to put to the promoter before you commit.
🔒 Unit-by-unit guidance · Unit Guidance report
Which building/wing and unit to prefer and the sanctioned-plan read for this project — the ₹2,999 guidance layer.
🔒 Full financial records — escrow, funding & the document catalog · Compliance report
The RERA 70% designated-escrow account activity, the declared means-of-finance, the professionals of record, and every document filed with MahaRERA — the raw records the read above is built on.
Should you buy in AKSHAYA AND JAYSHREE REDEVELOPMENT?
This page is the free MahaRERA filing summary. The full RERA Property Intelligence Report gives you the full regulatory standing, declared court litigation, buyer-complaint and adjudication history, quarterly-progress-report discipline, the builder's MahaRERA-wide track record, the building/tower breakdown, and the sanctioned layout plan. See a real one first:
Sample: Lodha Kandivali – Tower 2 → · browse all sample reports →
Compliance Report · ₹999
The regulator’s filing record, read · 1 working day
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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Flags are from MahaRERA's own published problem lists — not a claim about the developer's intent. Explore every flagged project on our Mumbai, Thane & the MMR RERA red-flag register.
Last checked against the RERA register: 27 Jul 2026