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MH
Raigarh
P52000000488
RERA ID: P52000000488
Project Name: Indiabulls Park 3
Project Type: Residential
Project Status: On-Going Project *
* Projects that were already under development in May 2017, when RERA was implemented.
2028-04-30
Extended Date of Completion
The project missed completion date 2 time(s) earlier (2024-12-30, 2021-08-27).

While Developers may verbally quote early handover dates, please note that RERA authorities would only consider the official completion dates when hearing any complaints.
Project Address:
Panvel, Sawala Apta Road, Kon, Raigarh-410207

Plot Bearing No / CTS no / Survey Number/Final Plot no.:
71/6A ,69/1A, 69/1B , 71/5A ,81/7 , 81/8 , 81/9 , 64/1 , 64/2 , 71/11 , 71/13

Boundaries:
Indiabulls Park
Indiabulls ParkN Indiabulls Park
WE
S
Indiabulls Park

The location of a project plays a very important role in its market value. The developers should invariably maintain correct location in RERA records. Potential customers should always verify the correctness of the location record.

Project location map below based on coordinates provided by the developers to MahaRERA.
If this points to the wrong location, please notify the developers.



Key Details
Total Project Area: 3571 sq.mt.
Sanctioned Built-up Area: 75354 sq.mt.
Recreational Open Space: 5094 sq.mt.
No. of Buildings sanctioned: 4
No. of Floors sanctioned: 152
No. of Plinths: 4
No. of Podiums: 20
No. of Stilts: 4
No. of Closed Parking: 1

Units on Offer and Availability
Category Carpet Area No of Units Units already Booked / Sold
1BHK 475 sq ft 144 123
2BHK 602 to 1134 sq ft 604 496
3BHK 1070 sq ft 62 45
4BHK 1457 to 1636 sq ft 127 123
16.01%
Availability by number of Units
14.75%
Availability by Carpet Area
Project Developer:
Lucina Land Development Limited
Organization Type: Company

Address: 3Rd Floor 264-265, Wework Vaswani Chambers, Dr. Annie Besant Road, Municipal Colony, Shivaji Nagar Worli, Gsouth-400025, Ward Gsouth, Mumbai City-400025

Office Phone: +91 22618 99636


Member details:
Member Name Designation
Shailesh Balwant Binsale Authorized Signatory


Other Professionals involved:
Professional Name Professional Type
Anupam De & Associates Architect
Octave Consultants Architect
Mr Ramesh Rampure Engineer
Agarwal Prakash & Co Chartered Accountant
R V Dalmia & Associates Chartered Accountant
Bagaria & Co LLP Chartered Accountant
Rakhi Ubhare Architect
A K O R D & CO Chartered Accountant


Projects in the state by this developer:
P52000025902 - Indiabulls Park 5 - Raigarh
P52000002658 - Indiabulls Greens - 4 - Raigarh
P52000001592 - Indiabulls Greens - 1 - Raigarh
P52000001590 - Indiabulls Greens - 3 - Raigarh
P52000001160 - Indiabulls Greens - 2 - Raigarh
P52000000835 - Indiabulls Park 2 - Raigarh
P52000000709 - Indiabulls Park 1 - Raigarh
P52000000488 - Indiabulls Park 3 - Raigarh
P52000000475 - Indiabulls Park 4 - Raigarh
Litigations

Active Litigations related to the project ? Yes

Cases
Court Name Case Number Case Type Petition Name Year Present Status
Civil Judge Senior Division Panvel 214/2015 Civil Suit 2015 Pending for hearing
Complaints

Complaint No Complainant Name
CC006000000001291 PRADIP SHRIPAT PATANKAR
CC006000000044300 Vijay Shetty
CC006000000044313 Dinesh Kumar Nahar
CC006000000057332 Mrs SUSHILA GAUTAM
CC006000000196144 SAHEB RAMASHREY YADAV
CC006000000196144 AKANSHA SAHEB YADAV
CC006000000195953 Ashwini A. Shinde
CC006000000197399 Rajib Kumar Bachhawat
CC006000000197246 EDWARD JOHN
CC006000000044313 Dinesh Kumar Nahar
When this data gets the AI treatment, it churns out conclusions like the one below. But hey, a Real Intelligence like yourself, would go a step further by visiting the project site, meeting the people involved, carefully analyzing all the options, and then making an informed decision. Right? Happy hunting!

Indiabulls Park 3: A Residential Project in Panvel

Indiabulls Park 3, a residential project developed by Lucina Land Development Limited, is situated in the burgeoning locality of Panvel, Raigarh district, Maharashtra. This ongoing project, registered under the Maharashtra Real Estate Regulatory Authority (MahaRERA) with the ID P52000000488, promises a contemporary lifestyle amidst lush greenery.

Spanning across a total plot area of 3571 sq. m., the project encompasses four buildings, each rising to a height of 15 floors. The sanctioned FSI of 75354 translates to a significant built-up area, offering a range of apartments from compact 1BHKs to spacious 4BHKs. This diversity caters to a wide spectrum of buyers, from young professionals to established families.

While the project initially aimed for completion in August 2021, it has been revised to December 2024 due to various factors, including legal challenges. Despite these setbacks, Indiabulls Park 3 boasts an impressive array of amenities, including a dedicated closed parking facility and a substantial recreational open space of 5094 sq. m. designed for a fulfilling community experience.

Key Project Highlights:

  • Location: Prime location in Panvel, offering proximity to key amenities and infrastructure.
  • Unit Types: Diverse range of apartments from 1BHK to 4BHK, catering to various needs.
  • Amenities: Comprehensive amenities for a comfortable and convenient lifestyle.
  • Developer: Reputed developer with a proven track record in the real estate industry.

Challenges and Considerations:

  • Delayed Completion: The project has faced delays, necessitating a revised completion date. Potential buyers should carefully assess their financial preparedness and commitment to this timeline.
  • Litigation: The presence of litigation related to the project is a significant factor to consider. Buyers should consult with legal experts to understand the implications and potential risks involved.

Indiabulls Park 3 presents a compelling opportunity for those seeking a well-planned residential project in the developing area of Panvel. However, potential investors must conduct thorough research and seek professional advice to ensure a sound investment decision.

New documents listed below were uploaded to the Documents section:

  • 8 a Details of encumbrances concerned to Finance
  • 29 Certificates of Engineer (Form 2)(Mandatory for only ongoing project)
  • 3 Disclosure of sold/ booked inventory
  • 3 b Details of encumbrances concerned to Legal
  • 5 CERSAI details
  • 6 CERSAI details
  • 30 Certificates of Architect (Form 1)(Mandatory for only ongoing project)

 

Units booking and availability updated under Buildings section

Apartment Type Carpet Area (in Sqmts) Number of Apartment Number of Booked Apartment
1 BHK 44.15 72 62
1BHK 44.15 72 61
2 BHK C 55.93 134 119
2BHK M 68.95 140 101
2BHKL 71.24 62 47
4 BHK M 149.52 30 29
4BHK L 152.03 31 30

 

Progress updated under Ameneties section

Name Proposed Booked WorkDone(In %)
Covered Parking ( In Numbers) 1160 787 0

 

There is a change in Project timelines and the completion date is moved ahead. The project is now scheduled to complete by 2028-04-30

 

Units booking and availability updated under Buildings section

Apartment Type Carpet Area (in Sqmts) Number of Apartment Number of Booked Apartment
1 BHK 44.15 72 61
1BHK 44.15 72 63
2 BHK 105.37 6 3
2 BHK C 55.93 134 122
2 BHKL 71.24 62 56
2BHK C 55.93 134 114
2BHK M 68.95 140 102
2BHK S 68.08 66 53
2BHKL 71.24 62 50
3BHK 99.43 62 45
4 BHK M 149.52 30 27
4BHK L 152.03 31 31
4BHK S 135.41 66 66

 

New documents listed below were uploaded to the Documents section:

  • 1 Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)

 

New documents listed below were uploaded to the Documents section:

  • 2 Disclosure of sold/ booked inventory
  • 4 CERSAI details
  • 3 CERSAI details
  • 29 Certificates of Architect (Form 1)(Mandatory for only ongoing project)
  • 28 Certificates of Engineer (Form 2)(Mandatory for only ongoing project)
  • 7 a Details of encumbrances concerned to Finance
  • 2 b Details of encumbrances concerned to Legal

 

Units booking and availability updated under Buildings section

Apartment Type Carpet Area (in Sqmts) Number of Apartment Number of Booked Apartment
1 BHK 44.15 72 61
2 BHK 105.37 6 3
2BHK C 55.93 134 114
2BHK M 68.95 140 102
2BHK S 68.08 66 53
2BHKL 71.24 62 50
3BHK 99.43 62 45
4BHK S 135.41 66 66

 

New documents listed below were uploaded to the Documents section:

  • 2 Declaration in FORM B

 

Office Number field under Firm Details section updated with new value 2261899636.0

 

The RERA designated separate bank account details have been modified. The new details are: Bank Name: HDFC Bank Limited IFSC Code: HDFC0000060

 

New documents listed below were uploaded to the Documents section:

  • 6 a Details of encumbrances concerned to Finance
  • 1 b Details of encumbrances concerned to Legal
  • 27 Certificates of Engineer (Form 2)(Mandatory for only ongoing project)
  • 28 Certificates of Architect (Form 1)(Mandatory for only ongoing project)
  • 1 Disclosure of sold/ booked inventory
  • 1 CERSAI details
  • 2 CERSAI details

 

Progress updated under Ameneties section

Name Proposed Booked WorkDone(In %)
Covered Parking ( In Numbers) 1160 880 0

 

Documents listed below were found uploaded on the first day this project was indexed. More documents, whenever uploaded, will be shared as posts on dates of upload.

  • Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)
  • Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)
  • Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)
  • Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)
  • Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)
  • Building Plan Approval (IOD) [2]
  • Certificates of Architect (Form 1)(Mandatory for only ongoing project) [27]
  • Certificates of CA (Form 5) [3]
  • Certificates of Engineer (Form 2)(Mandatory for only ongoing project) [26]
  • Commencement Certificates / NA Order for plotted development [3]
  • Copy of Layout Approval (in case of layout) [2]
  • Copy of the legal title report
  • Declaration in FORM B
  • Details of encumbrances [5]
  • Engineers Certificate on Quality Assurance (Form 2A FY 2020-21) [4]
  • Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)
  • Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)
  • Form 2A [16]
  • Proforma of Allotment letter [2]

 

 

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