Home / Browse projects / Pune, Maharashtra / Baner Business Bay
Baner Business Bay
By S R Development Corportaion
RG-MH-69790 · RERA P52100015926 · Last updated on MahaRERA portal: 3 Jul 2023
Source: official MahaRERA filing
Red flags
- 1 complaint at MahaRERA
- 4 extensions taken
Clear
- No litigation declared
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
2 conditions are on this record. What each one means for someone buying here, and what the promoter's own filed documents say behind it, is what the buyer report adds.
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Baner Business Bay is a Commercial project by S R Development Corportaion in Pune, Maharashtra, registered with MahaRERA as P52100015926 on 9 Apr 2018. The registration is recorded completed; possession was promised by 30 Mar 2022. 1 complaint is on record with the regulator.
At a glance
Project
- NameBaner Business Bay
- TypeCommercial
- Location
- Pashan Sus Road
- Pune
- Baner
- Haveli
- 411045
- Pincode411045
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100015926
- ReraGenie IDRG-MH-69790
Builder
- NameS R Development Corportaion
- Entity typePartnership
- PartnerAmol Kashinath Bhondve
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on9 Apr 2018
- Promised completion30 Mar 2022
- Revised completionNone
- Buildings1 building record
- Documents filed51 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| 1 | NA | 19 | 0 | 0 | 0 | 0 |
The full filing
Everything below is from the project's own MahaRERA filing, free to read. The Rs 499 buyer report reads the filed documents themselves and puts the findings in plain language.
Construction progress by building1
As on 3 Jul 2023, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
11 of 11 construction stages are filed complete.
1: 100% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 100% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 100% |
| Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as per CFO NOC, Electrical fittings, mechanical equipment, compliance to conditions ofenvironment/CRZ NOC, Finishing to entrance lobby/s, plinth protection. paving of areas appurtenant to Building/Wing, Compound Wall and all other requirements as may be required to complete project as per specifications in agreement of Sale. | 100% |
Progress on shared amenities15
As on 3 Jul 2023, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | No | Not applicable |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | No | Not applicable |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed105
Slots recorded per building wing in the filing. MahaRERA does not publish a two wheeler or four wheeler split, visitor parking, or the sanctioned allotment, so this is provision as filed and not a comparison against the approved plan.
Land and ownership2
MahaRERA does not publish landowner contact details. MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| Sachin Suresh Patil | Pune (M Corp.) | Pune |
| ABP Group | Baner | Pune |
Approvals and building plan
Project account and cost
70 percent of buyer money must sit in the project account. Account numbers are not published by MahaRERA, so check that your agreement for sale names a designated account for this project and pay into that account only.
Certifying professionals and partners1
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Bhushan Kulkarni |
| Partner | Role in project |
|---|---|
| S R Development Corportaion | - |
Extensions applied for4
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterDue to Lift and Fire NOC pending, actual work ready at site. Actually we expected Lift and Fire NOC on or before 15/11/2022 but still Lift and Fire NOC pending from department.
Reason as filed by the promoterLift and FIre NOC pending, actual work ready at site.
Reason as filed by the promoterWe here by applied for extension of Proposed Date of Completion due to file pending for completion certificate with PMC department, we have received Garden NOC and Fire NOC today on 31/01/2023, actual work ready at site.
Reason as filed by the promoterDue to lockdown in Pune area and covid - 19 situation
Litigation declared1
| Case | Court | Status |
|---|---|---|
| 562/2017/2017 | THE HONBLE CIVIL JUDGE SENIOR DIVISION PUNE | Pending Before Honble Civil Judge Pune |
Complaints filed with MahaRERA1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CC005000000023357 | Mr. Santosh Mukunda Tapkir | M/s. S R Development Corporation thro its partners Amol Kashinath Bhondve & Dhanesh Vasant Mali | 24/08/2019 |
The permission chain
The permissions a project needs, in the order they happen, matched to MahaRERA's own document slots. A slot on the file means the promoter uploaded a document there; it is not proof the permission was granted, and the filing carries no issue dates. An empty slot is not proof an approval is missing.
- Legal title reportOn the file
A lawyer's report on who owns the land and what is registered against it.
uploaded 4 Apr 2018 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 13 Sep 2022 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 18 Feb 2022 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 13 Sep 2022Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateOn the file
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
uploaded 24 May 2023
Documents filed51
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath. The files themselves are available at source: open this registration on the MahaRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4.pdf | 3 Jul 2023 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC.pdf | 24 May 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: FORM 5 - 21-22.pdf | 18 Apr 2023 |
| Layout approvalFile: Revised _Plans.pdf | 13 Sep 2022 |
| Copy of Layout Approval (in case of layout)File: Revised _Plans.pdf | 13 Sep 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: CC Revised 22-08-22.pdf | 13 Sep 2022 |
| Details of encumbrancesFile: Encumbrances Letter.pdf | 6 Apr 2022 |
| Declaration about Commencement CertificateFile: Declaration about CC.pdf | 6 Apr 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form 2A.pdf | 6 Apr 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Form 2A 20-21.pdf | 6 Apr 2022 |
| CERSAI detailsFile: CERSAI Declaration.pdf | 6 Apr 2022 |
| Disclosure of sold/ booked inventoryFile: Disclosure of sold.pdf | 6 Apr 2022 |
| Disclosure of sold/ booked inventoryFile: Disclosure of sold New.pdf | 6 Apr 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Form 5 19-20.pdf | 6 Apr 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form 5 20-21.pdf | 6 Apr 2022 |
| Building plan approvalFile: Revised Plan 1.pdf | 18 Feb 2022 |
| Layout approvalFile: Revised Plan 2.pdf | 18 Feb 2022 |
| Layout approvalFile: Revised Plan 3.pdf | 18 Feb 2022 |
| Layout approvalFile: Revised Plan 4.pdf | 18 Feb 2022 |
| Layout approvalFile: Revised Plan 5.pdf | 18 Feb 2022 |
| Layout approvalFile: Revised Plan 6.pdf | 18 Feb 2022 |
| Layout approvalFile: Revised Plan 7.pdf | 18 Feb 2022 |
| Copy of Layout Approval (in case of layout)File: Revised Plan 2.pdf | 18 Feb 2022 |
| Copy of Layout Approval (in case of layout)File: Revised Plan 3.pdf | 18 Feb 2022 |
| Copy of Layout Approval (in case of layout)File: Revised Plan 4.pdf | 18 Feb 2022 |
| Copy of Layout Approval (in case of layout)File: Revised Plan 5.pdf | 18 Feb 2022 |
| Copy of Layout Approval (in case of layout)File: Revised Plan 6.pdf | 18 Feb 2022 |
| Copy of Layout Approval (in case of layout)File: Revised Plan 7.pdf | 18 Feb 2022 |
| Building Plan Approval (IOD)File: Revised Plan 1.pdf | 18 Feb 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: Revised CC.pdf | 18 Feb 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: Form 5 18-19.pdf | 9 Mar 2020 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: Form - 5 FY 2018-19.pdf | 9 Mar 2020 |
| Layout approvalFile: Plan 1.PDF | 4 Apr 2018 |
| Layout approvalFile: Plan 2.PDF | 4 Apr 2018 |
| Layout approvalFile: Plan 3.PDF | 4 Apr 2018 |
| Layout approvalFile: Plan 4.PDF | 4 Apr 2018 |
| Layout approvalFile: Plan 5.PDF | 4 Apr 2018 |
| Building plan approvalFile: Plan 1.PDF | 4 Apr 2018 |
| PAN CardFile: PAN.pdf | 4 Apr 2018 |
| Copy of the legal title reportFile: Search Title Report.pdf | 4 Apr 2018 |
| Details of encumbrancesFile: Index II.pdf | 4 Apr 2018 |
| Copy of Layout Approval (in case of layout)File: Plan 1.PDF | 4 Apr 2018 |
| Copy of Layout Approval (in case of layout)File: Plan 2.PDF | 4 Apr 2018 |
| Copy of Layout Approval (in case of layout)File: Plan 3.PDF | 4 Apr 2018 |
| Copy of Layout Approval (in case of layout)File: Plan 4.PDF | 4 Apr 2018 |
| Copy of Layout Approval (in case of layout)File: Plan 5.PDF | 4 Apr 2018 |
| Building Plan Approval (IOD)File: Plan 1.PDF | 4 Apr 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 4 Apr 2018 |
| Declaration in FORM BFile: Form B Promoter.pdf | 4 Apr 2018 |
| Certificates of CA (Form 3)File: Form - 3 CA Certificate.pdf | 4 Apr 2018 |
| Proforma of Allotment letterFile: Draft Sale Agreement.pdf | 4 Apr 2018 |
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Buyer report
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- All 51 filed documents as one ZIP, foldered, with a manifest
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Builder: S R Development Corportaion
S R Development Corportaion has 1 registration on MahaRERA, including Baner Business Bay. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if Baner Business Bay is delayed beyond 30 Mar 2022?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, or exit and claim a full refund with interest. In Maharashtra the rate is SBI's highest MCLR plus 2 percent, currently 10.90% per annum (June 2026). The free delay interest calculator on ReraGenie puts a rupee figure on any delay. Claims are filed as MahaRERA complaints with a Rs 5,000 fee.
How do I verify and contact the developer of Baner Business Bay?
The registered promoter entity is S R Development Corportaion, a partnership as per the filing. Neither this filing nor this promoter's other MahaRERA registrations disclose a CIN, LLPIN or GSTIN for this entity. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's MahaRERA listing (scan the QR code on any advertisement) and in its filed documents. The Rs 499 buyer report includes all of them as a single ZIP, foldered by type.
Is my payment protected in Baner Business Bay?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses; since July 2024 MahaRERA requires a three-account structure for collections. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
How do I read the complaint cases filed against Baner Business Bay?
Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.
How current is the construction progress shown for Baner Business Bay?
Promoters must file a quarterly progress report within 20 days of each quarter end, certified by the architect (Form 1), engineer (Form 2) and chartered accountant (Form 3). The figures above come from the latest filing, so they can trail the site by up to a quarter. A promoter who stops filing QPRs altogether invites penalties under section 61, and a stale filing date is itself a warning sign worth checking on the portal.
Who certifies construction progress at Baner Business Bay?
The professionals named in the filing: Architect: Bhushan Kulkarni. Their Form 1 (architect), Form 2 (engineer) and Form 3 (chartered accountant) certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in Baner Business Bay?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area (the model agreement allows only a 3 percent variation, with a refund right below that); that the agreement follows MahaRERA's model clauses with deviations highlighted; the promoter's record on their other projects, not just this one; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.
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