Farida Heights
MahaRERA Property Intelligence · Mumbai City
P51900021235 · Bhuleshwar · promoter Ostwal Neumec Developers
| MahaRERA registration | P51900021235 |
| Registered on | 14 Jun 2019 |
| 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.
Across MahaRERA, Ostwal Neumec Developers is the promoter of record on 28 projects, of which none currently carry a MahaRERA regulator flag (insolvency, deregistration, completion-lapse or QPR default). Read the pattern across the portfolio, not just this project's brochure — matched on the promoter name in the MahaRERA register.
MahaRERA's cost filing puts construction at ~98.1% of the estimated project cost incurred as of the last certificate (₹13.59 Cr spent against a ₹13.85 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 25 homes filed with MahaRERA, 4 are sold/booked and 21 remain available (~16% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹2.94 Cr in agreement value so far. Of that, ₹2.64 Cr (~90%) is already collected, ₹30.00 Lakh receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.
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 10 | 1001 | 398 sqft (37 sqm) | - |
| Floor 11 | 1101 | 527 sqft (49 sqm) | - |
| Floor 13 | 1302 | 388 sqft (36 sqm) | - |
| Floor 14 | 1401 | 398 sqft (37 sqm) | - |
| Floor 15 | 1403 | 527 sqft (49 sqm) | - |
| Floor 15 | 1501 | 398 sqft (37 sqm) | - |
| Floor 16 | 1502 | 581 sqft (54 sqm) | - |
| Floor 17 | 1601 | 398 sqft (37 sqm) | - |
| Floor 17 | 1701 | 398 sqft (37 sqm) | - |
| Floor 17 | 1702 | 388 sqft (36 sqm) | - |
| Floor 17 | 1703 | 398 sqft (37 sqm) | - |
| Floor 18 | 1704 | 388 sqft (36 sqm) | - |
| Floor 18 | 1803 | 398 sqft (37 sqm) | - |
| Floor 19 | 1901 | 398 sqft (37 sqm) | - |
| Floor 19 | 1902 | 388 sqft (36 sqm) | - |
| Floor 19 | 1903 | 398 sqft (37 sqm) | - |
| Floor 19 | 1904 | 388 sqft (36 sqm) | - |
| Floor 20 | 2001 | 527 sqft (49 sqm) | - |
| Floor 20 | 2002 | 398 sqft (37 sqm) | - |
| Floor 20 | 2003 | 388 sqft (36 sqm) | - |
| Floor 5 | 501 | 398 sqft (37 sqm) | - |
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+20 and 25 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Nikhil Heights | 1 | G+20 | 25 | 31 Dec 2024 |
Unit mix on the filing: 24 residential and 1 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 1 court case 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 |
|---|---|---|---|
| Small Cause Court | 1240 | 2018 | For Filling Evidence |
The promoter has had the MahaRERA completion deadline formally extended 1 time. Each extension is the regulator letting the finish line move — the clearest evidence of delivery slippage, straight from the record.
| From (declared) | To (revised) | Stated reason |
|---|---|---|
| 30 Dec 2025 | 31 Dec 2026 | 10-15 % work still incomplete |
Located at Bhuleshwar, Dr. Atmaram Merchant Road, Ward ABCD, Mumbai City, 400003. Per the filed land record, the plot is bounded to the north by Bhaskar Lane and Amardeep building, to the south by Gokul CHS Ltd, to the east by Atmaram Merchant Road and Jai hind Estate and to the west by Lakdawala Building. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~5 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Nariman Point / Fort | 3 km |
| Lower Parel / Worli business district | 5 km |
| Bandra Kurla Complex (BKC) | 13 km |
| Chhatrapati Shivaji Int'l Airport | 16 km |
| Powai / Hiranandani business park | 20 km |
| Andheri MIDC / SEEPZ | 20 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 Nikhil Heights?
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