Olympeo Riverside Projects LLP
MahaRERA Property Intelligence · Raigarh
P52000012184 · Neral · promoter Olympeo Riverside Projects
| MahaRERA registration | P52000012184 |
| Registered on | 01 Sep 2017 |
| Promoter-declared completion | 31 Dec 2028 |
| Current status | Certificate Signed |
| Against today | 29 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, Olympeo Riverside Projects is the promoter of record on 3 projects, of which 1 carries 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 ~30.7% of the estimated project cost incurred as of the last certificate (₹16.18 Cr spent against a ₹52.68 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 360 homes filed with MahaRERA, 191 are sold/booked (146 with registered agreements + 45 booked) and 169 remain available (~53% sold) — selling steadily. Buyers have committed ₹36.65 Cr in agreement value so far. Of that, ₹17.73 Cr (~48%) is already collected, ₹19.08 Cr 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.
What buyers actually paid: across 191 registered agreements, the effective carpet rate is ₹5,144/sqft (typical range ₹4,620–₹5,821) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
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+7 and 360 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| C3 | 1 | G+7 | 60 | - |
| C4 | 1 | G+7 | 60 | - |
| C5 | 1 | G+7 | 60 | - |
| C6 | 1 | G+7 | 60 | - |
| C8 | 1 | G+7 | 60 | - |
| NA | 1 | - | - | - |
| C7 | 1 | G+7 | 60 | - |
Unit mix on the filing: 360 residential.
5 complaints are on the MahaRERA record for this project, with orders passed in 5. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC006000000397324 | 31/08/2023 | Avinash Kumar vs Olympeo Riverside Projects LLP | order passed |
| CC006000000408370 | 15/03/2024 | Sonali Vinayak Wankhade vs M/s.Olympeo Riverside Projects LLP | order passed |
| CC006000000408598 | 31/12/2023 | RAHUL RAMAKANT HIRLEKAR vs PRABHAT RANJAN | order passed |
| CC12400097 | 13/09/2024 | Nilesh Ashok Desai vs Olympeo Riverside Projects LLP | order passed |
| CC12501255 | 15/04/2025 | Vinayak Wankhede vs Olympeo Riverside Projects LLP | order passed |
The promoter has had the MahaRERA completion deadline formally extended 3 times. 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 |
|---|---|---|
| 29 Jun 2024 | 29 Jun 2024 | RCC and blockwork is complete in building C3 and finishing work is in progress. For building C4, we have completed 90% RCC and 50% blockwork. Project has been delayed due to impact |
| 29 Jun 2024 | 30 Jun 2023 | The progress of project got hampered due to Pandemic and it has severely impacted the sales & collections. Because of prolonged liquidity constraints our construction timeline got |
| 30 Jun 2022 | 31 Dec 2028 | Due to COVID, we are unable to complete our project. Therefore, we require a project extension until 31/12/2028. |
Located at Neral, Awsare, Panvel, Raigarh, 410101. Per the filed land record, the plot is bounded to the north by Mohili Village, to the south by Birdole Village, to the east by Avsare Village and to the west by Ulhas River and Shelu Village. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~45 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Powai / Hiranandani business park | 45 km |
| Bandra Kurla Complex (BKC) | 48 km |
| Andheri MIDC / SEEPZ | 49 km |
| Chhatrapati Shivaji Int'l Airport | 49 km |
| Lower Parel / Worli business district | 53 km |
| Nariman Point / Fort | 56 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 Olympeo Riverside - Phase 3?
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
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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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Olympeo Riverside Projects LLP is the promoter on 3 MahaRERA-registered projects, of which 1 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:
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