MH
Raigarh
P52000000835
RERA ID: P52000000835
Project Name: Indiabulls Park 2
Project Type: Residential
Project Status: On-Going Project *
* Projects that were already under development in May 2017, when RERA was implemented.
2027-06-30
Extended Date of Completion
The project missed completion date 2 time(s) earlier (2024-06-30, 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.:
66/7,66/13,65/2,66/14,65/1,64/1,66/15

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: 3117 sq.mt.
Sanctioned Built-up Area: 66028 sq.mt.
Recreational Open Space: 5094 sq.mt.
No. of Buildings sanctioned: 3
No. of Floors sanctioned: 114
No. of Plinths: 3
No. of Podiums: 15
No. of Stilts: 3

Units on Offer and Availability
Category Carpet Area No of Units Units already Booked / Sold
2BHK 732 to 742 sq ft 618 413
3BHK 1070 sq ft 186 174
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

Litigations related to the project ? Yes
Complaints

Complaint No Complainant Name
CC006000000000727 Kumud Singh
CC006000000056368 Subhash Enterprises Private Limited
CC006000000110745 Salman Usman Kazi
CC006000000023323 AMIT DILIP SHAH
CC006000000001160 AMIT SHAH
CC006000000023767 Manek Laxmidas Shah
CC006000000044301 Anant Patil
CC006000000078972 Nikunja Bihari Pradhan
CC006000000044301 Anant Patil
CC006000000194620 Mr Jaydas M Gowari & Mrs Vaishali J Gowari
CC006000000194635 Mr Ghanshyam A Yadav & Mrs Asha G Yadav
CC006000000334002 Niranjan Kumar Sinha
CC006000000334002 Sandhya Niranjan Sinha (deceased) through her heir, her husband, Niranjan K Sinha
CC006000000334002 Sandhya Niranjan Sinha (Deceased) through her heir, her son, Srinjoy Sinha
CC006000000334002 Sandhya Niranjan Sinha (Deceased), through her heir, her daughter, Shreshtha N Sinha
CC006000000210422 Ms. Neeta Anil Shete
CC006000000209613 Mr Neelesh Jha and Mrs Tricia Jha
CC006000000302959 Rahul Saunik
CC006000000385425 Rashmi Chorwadi
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!

A New Chapter in Urban Living: Introducing Indiabulls Park 2

Indiabulls Park 2, a sprawling residential development located in the vibrant locality of Panvel, Maharashtra, promises a new standard of living. Developed by Lucina Land Development Limited, this project aims to deliver a harmonious blend of modern architecture, meticulously planned amenities, and a prime location.

With a RERA ID of P52000000835, Indiabulls Park 2 boasts an impressive scale, encompassing a total plot area of 3117 sq. meters. The project is currently underway and was initially scheduled to be completed by August 27, 2021. However, due to unforeseen circumstances, the revised completion date has been pushed to June 30, 2024. It’s important to note that the project is currently facing legal challenges, which is an aspect potential buyers should carefully consider.

The project layout comprises three sanctioned buildings, rising to a total of 114 floors, including 3 stilt floors, 3 plinth floors, and 15 podium levels. This expansive development offers a range of residential options, catering to diverse preferences: 618 units of 2BHK apartments, spanning 732 to 742 sq. ft., and 186 units of spacious 3BHK apartments, measuring 1070 sq. ft.

Indiabulls Park 2’s strategic location in Panvel, nestled in the Konkan division of Raigarh district, provides residents with seamless connectivity to the bustling metropolis of Mumbai. Situated in close proximity to Sawala Apta Road, the project is well-connected to major transportation hubs and commercial centers.

Beyond its spacious apartments and strategic location, Indiabulls Park 2 promises a world-class living experience. The project is designed to provide a range of amenities, catering to the modern lifestyle. These amenities are expected to encompass recreational spaces, ensuring a fulfilling and comfortable living experience.

While the project faces legal challenges, its potential remains significant. Indiabulls Park 2 offers a compelling opportunity for homebuyers seeking a well-planned and modern residential development in a rapidly developing location. However, prospective buyers are advised to conduct thorough due diligence and research the legal proceedings related to the project before making any investment decisions.

New documents listed below were uploaded to the Documents section:

  • 3 Disclosure of sold/ booked inventory
  • 5 CERSAI details
  • 3 b Details of encumbrances concerned to Legal
  • 6 CERSAI details
  • 29 Certificates of Architect (Form 1)(Mandatory for only ongoing project)
  • 8 a Details of encumbrances concerned to Finance
  • 29 Certificates of Engineer (Form 2)(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
2 BHK M 68.95 280 212
2 BHK S 68.08 132 57
2BHK M 68.95 140 98
2BHK S 68.08 66 46
3 BHK 99.43 124 114

 

Progress updated under Ameneties section

Name Proposed Booked WorkDone(In %)
Covered Parking ( In Numbers) 1089 587 0

 

There is a change in Project timelines and the completion date is moved ahead. The project is now scheduled to complete by 2027-06-30

 

New complaints added under Complaints section

Complaint No Complainant Name
CC006000000334002 Niranjan Kumar Sinha
CC006000000334002 Sandhya Niranjan Sinha (deceased) through her heir, her husband, Niranjan K Sinha
CC006000000334002 Sandhya Niranjan Sinha (Deceased) through her heir, her son, Srinjoy Sinha
CC006000000334002 Sandhya Niranjan Sinha (Deceased), through her heir, her daughter, Shreshtha N Sinha
CC006000000210422 Ms. Neeta Anil Shete
CC006000000209613 Mr Neelesh Jha and Mrs Tricia Jha
CC006000000302959 Rahul Saunik
CC006000000385425 Rashmi Chorwadi

 

New documents listed below were uploaded to the Documents section:

  • 1 Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)
  • 1 Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)

 

Units booking and availability updated under Buildings section

Apartment Type Carpet Area (in Sqmts) Number of Apartment Number of Booked Apartment
2 BHK M 68.95 280 220
2 BHK S 68.08 132 59
2BHK M 68.95 140 105
2BHK S 68.08 66 47
3 BHK 99.43 124 115
3BHK 99.43 62 60

 

New documents listed below were uploaded to the Documents section:

  • 2 Disclosure of sold/ booked inventory
  • 2 b Details of encumbrances concerned to Legal
  • 28 Certificates of Engineer (Form 2)(Mandatory for only ongoing project)
  • 7 a Details of encumbrances concerned to Finance
  • 4 CERSAI details
  • 3 CERSAI details
  • 28 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
2 BHK M 68.95 280 220
2 BHK S 68.08 132 59
3 BHK 99.43 124 115
3BHK 99.43 62 60

 

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:

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

 

Progress updated under Ameneties section

Name Proposed Booked WorkDone(In %)
Covered Parking ( In Numbers) 1089 645 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) [26]
  • 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)
  • Form 2A [15]
  • Proforma of Allotment letter [2]