In ExtensionP52100004157Registered Aug 2017Delayed 2607dExtension3 red flags

Riva

A residential / group housing project by Asian Ventures in PISOLI, Pune.

Data as of Sept 2026, from this project's public MahaRERA filing. View on the MahaRERA portal ↗

Overview

Status & progress

Per MahaRERA record as of Sept 2026.

Construction
100%
cost-weighted
Proposed completion
Nov 2027
originally Sept 2020
Units sold
66 / 104
63% sell-through
Basics

Project basics

As filed with MahaRERA — not analysis, just the record.

Promoter
Asian Ventures
Project type
Residential / Group Housing
Land area
4,000 m² · Permissible built-up (FSI) 7,410 m²
Total units
104 across 1 wing
Estimated cost
₹13 Cr
Land ownership
Promoter is the landowner
Parking
98 four-wheeler · 15 two-wheeler
Held outside open sale
9 landowner/investor share
Application date
29 Jul 2017
Buildings & units

1 wing

Floors and unit counts as filed.

WingFloors sanctionedTotal units
NA16 of 16 proposed104
People on record

Promoter & professionals

Names and registrations as declared — no background analysis.

Architect
A DESIGN STUDIO
Structural engineer
DELCONS CONSULTANTS INDIA PVT LTD
Project bank
BANK OF MAHARASHTRA
Location

Where it sits

PISOLI, Pune — 411060.

Locality
PISOLI
District
Pune
Authority
Pune Metropolitan Region Development Authority
Red flags

3 flags on this project

What each check means is below. The record behind each one is in the full report.

1
Consumer complaints filed with MahaRERA

One or more complaints against this project are on the MahaRERA record. A complaint is a filing by a buyer or other party, not a finding against the promoter; the order documents on record show how each was decided.

2
Recovery warrant issued

MahaRERA’s record shows a recovery warrant issued against the respondent in at least one complaint, meaning an order for payment was not complied with and recovery has been referred to the district collector. Ask the promoter for the status of the recovery.

3
Additional cost beyond the registered estimate

At least one wing’s cost filing declares additional cost incurred beyond the estimate registered with MahaRERA. A declared overrun is a self-reported figure; ask the promoter how the balance is funded and whether the completion timeline absorbs it.

In your full report
  • The complaint by number and filing date, with order documents where on file
  • The recovery warrant with its issue date and the complaint behind it
  • The additional cost declared, wing by wing, against the registered estimate
  • What to ask the promoter about each flag before you pay
What to verify

What to verify before you pay a booking amount

Questions for the promoter and documents to ask for, each drawn from this project's record.

3
commencement certificates on file
7
landowners on record
36
documents on file
Your checklist covers
  • Red flags: what to ask the promoter about each of the 3
  • Complaints: 1 complaint filed, 1 recovery warrant issued
  • Completion date: moved from Sept 2020 to Nov 2027
  • Land title: promoter is the landowner, 7 landowners on record
  • Commencement certificates: 3 on file for 1 wing

3 to 8 steps, each tied to the record entry behind it.

Delay analysis & explanations

Why these flags matter

Sept 2020
completion first declared
Nov 2027
completion proposed now
2607 days
later than first declared
In your full report
  • Each flag set out with the numbers and dates behind it
  • The 2,607-day gap between the declared and proposed completion dates, with any extension on file
  • Sales, cost and construction figures wing by wing, with cost incurred and balance cost as filed
Legal & encumbrance

Complaints, litigation & charges

1
MahaRERA complaint filed
1
complaint with non-compliance applied
1
recovery warrant issued

1 complaint and 0 court cases on record; details are in the full report.

In your full report
  • The complaint by number, filing date and order status, with order documents where on file
  • The recovery warrant with its issue date
  • A short FAQ on what these entries mean for a buyer

Stated as recorded in the MahaRERA filing, never as a finding of wrongdoing.

Document analysis

36 project documents on file

  • Form 2 - Riva June 2026
  • Form 1 - Riva June 2026
  • Declaration Form B
  • 7
  • 6
  • +31 more documents
In your full report
  • All 36 documents listed with category and filing date
  • Which disclosures are present in the record, and which are missing
Free alerts

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Riva: common questions

Is Riva RERA registered?

Yes. Riva is registered with MahaRERA under registration number P52100004157, granted on 8 August 2017. As of September 2026, the registration is active under a MahaRERA extension.

What is the possession date of Riva?

The developer has declared completion by November 2027 in its MahaRERA filing, revised from the original September 2020. The record shows the project running 2607 days behind its declared schedule. The RERA completion date is the developer's legal commitment; the possession date in your agreement can differ, so check both.

Who is the builder of Riva?

Riva is developed by Asian Ventures, the promoter named in its MahaRERA registration.

Where is Riva located?

Riva is in Pisoli, Pune (PIN 411060), Maharashtra, as declared in its RERA registration.

How many units does Riva have, and how many are sold?

Riva has 104 units on its RERA registration. 64 were reported sold as of September 2026, leaving 40 unsold.

How much construction of Riva is complete?

By the developer's own quarterly filing, 100% of the work is done, measured against the project's cost estimate.

Is there any litigation against Riva?

No litigation is declared on Riva's MahaRERA record as of September 2026. A clean record reflects what was filed, not a legal title check.

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