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DISCOVERY PHASE - IIIA
By S2 REALTY AND DEVELOPERS PRIVATE LIMITED
RG-MH-55775 · RERA P52100017802 · Last updated on MahaRERA portal: 17 Apr 2025
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 28 months past the filed date
- Completion date moved by 18 months
- 3 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
- All 1 earlier projects delivered on promise
4 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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DISCOVERY PHASE - IIIA is a Residential / Group Housing project by S2 REALTY AND DEVELOPERS PRIVATE LIMITED in Pune, Maharashtra, registered with MahaRERA as P52100017802 on 17 Sep 2018. Possession was promised by 30 Jun 2024 and is now 28 months past that date. The completion date has moved by 18 months from the original filing.
At a glance
Project
- NameDISCOVERY PHASE - IIIA
- TypeResidential / Group Housing
- Location
- DELLA ADVENTURE ROAD
- KUNEGAON
- Kune N.m.
- Mawal
- Pune
- 410401
- Pincode410401
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100017802
- ReraGenie IDRG-MH-55775
Builder
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on17 Sep 2018
- Promised completion30 Jun 2024
- Revised completionRevised to 30 Jun 2024 (originally 30 Dec 2022)
- Buildings3 building records
- Documents filed92 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| VILLA NO 5 | NA | 2 | 0 | 0 | 0 | 0 |
| VILLA NO 6 | NA | 2 | 0 | 0 | 0 | 0 |
| VILLA NO 19 | NA | 2 | 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 building3
As on 17 Apr 2025, 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.
27 of 33 construction stages are filed complete across 3 buildings. The stage furthest along is Podiums (if any), at 0%.
VILLA NO 582%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| 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. | 0% |
VILLA NO 682%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| 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. | 0% |
VILLA NO 1982%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| 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. | 0% |
Progress on shared amenities15
As on 17 Apr 2025, 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 | Yes | 100% |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | Yes | 100% |
| 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 | No | Not applicable |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed3
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.
| Building | Open Space | Total |
|---|---|---|
| VILLA NO 5 | 1 | 1 |
| VILLA NO 6 | 1 | 1 |
| VILLA NO 19 | 1 | 1 |
Land and ownership
MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
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 partners4
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | H B ARCHITECTS |
| Engineer | U D CHANDE |
| Chartered Accountant | IR SHETTY & ASSOCIATES |
| Chartered Accountant | YRKDAJ & ASSOCIATES LLP |
| Partner | Role in project |
|---|---|
| S2 REALTY AND DEVELOPERS PRIVATE LIMITED | - |
Extensions applied for3
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterVillas in our Projected are constructed on the basis of Booking monies received from Villa Purchasers . Since we did not sell and construct all the villas as on 30.12.2022 , we need to extension.
Reason as filed by the promoterAll villas in our project Discovery Phase IIIA are constructed and ready for possession. Occupancy Certificate received for 2 villas of the project. Currently we are in the process of application of Occupancy Certificate for the balance 1 villa.
Reason as filed by the promoterVillas in our project are constructed on the basis of booking amounts received from Villa bookings, and the construction normally take 12 to 18 months for completion. Since there were no allottees in our project since early last year we could not complete construction of the Villas till 30.12.2022, and we expect to complete the same by 30.09.2023
Complaints filed with MahaRERA
No complaints on record against this registration.
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 16 Jan 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 16 Jan 2023 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 31 Aug 2018 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 31 Aug 2018Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on 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.
Documents filed92
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath; the newest 80 of 92 are shown. 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 |
|---|---|
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Phase IIIA.pdf | 17 Apr 2025 |
| Declaration in FORM BFile: Form B Phase IIIA.pdf | 21 Mar 2025 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE OF SOLD INVENTORY-PHASE IIIA.pdf | 15 Mar 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A.pdf | 15 Mar 2025 |
| Declaration in FORM BFile: Form B.pdf | 20 Feb 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Phase IIIA 31122024.pdf | 30 Jan 2025 |
| Certificates of CA (Form 3)File: Form 3 Phase IIIA 30092024.pdf | 22 Nov 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Phase IIIA 300924.pdf | 22 Nov 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5 Phase IIIA.pdf | 22 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Phase IIIIA.pdf | 29 Oct 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Phase IIIA 300624.pdf | 15 Oct 2024 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Format A-Seperate Bank Account.pdf | 15 Oct 2024 |
| Certificates of CA (Form 3)File: Form 3-Phase IIIA.pdf | 14 Aug 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A - Monisha Shetty Phase IIIA.pdf | 14 Aug 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A - Sujata Hegde Phase IIIA.pdf | 14 Aug 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A - Suniel Shetty Phase IIIA.pdf | 14 Aug 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A - Prema Shetty Phase IIIA.pdf | 14 Aug 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1Phase IIIA.pdf | 16 Jul 2024 |
| Declaration in FORM BFile: Form B Phase IIIA.pdf | 30 Apr 2024 |
| Deviation Report with respect to Allotment letterFile: Allotment Letter Deviation RERA.pdf | 30 Apr 2024 |
| Deviation Report with respect to model copy of AgreementFile: Agreement with deviation highlighted - For RERA.pdf | 30 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Phase IIIA Form 2 31032024.pdf | 25 Apr 2024 |
| Certificates of CA (Form 3)File: Phase IIIA Form 3 31032024.pdf | 24 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Phase IIIA Form -1.pdf | 18 Apr 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Phase IIIA Form -2A.pdf | 18 Apr 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE OF SOLD INVENTORY-PHASE IIIA.pdf | 19 Mar 2024 |
| Certificates of CA (Form 3)File: Form 3 CA certificate.pdf | 19 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Phase IIIA Form 1.pdf | 17 Jan 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Phase IIIA- Form 2.pdf | 17 Jan 2024 |
| Certificates of CA (Form 3)File: PHASE IIIA- Form 3.pdf | 17 Jan 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Phase IIIA form 1.pdf | 26 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Phase IIIA Form 2.pdf | 26 Oct 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Phase IIIA Form 2A 310323.pdf | 26 Oct 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Phase IIIAForm 5 310323.pdf | 26 Oct 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Form 2A-Phase IIIA.pdf | 16 Oct 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5 PHASE IIIA 3132023.pdf | 16 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form -1 Phase IIIA as on 30062023.pdf | 14 Sep 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 PHASE IIIA as on 30062023.pdf | 14 Sep 2023 |
| Certificates of CA (Form 3)File: CA Certificate Phase IIIA as on 30062023.pdf | 14 Sep 2023 |
| Certificates of CA (Form 3)File: Phase IIIA.pdf | 5 Jul 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Phase IIIA 31122022.pdf | 5 Jun 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Phase IIIA 31032023.pdf | 5 Jun 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 Phase IIIA 31122022.pdf | 5 Jun 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 Phase IIIA 31032023.pdf | 5 Jun 2023 |
| Certificates of CA (Form 3)File: Form 3 Phase IIIA 31122022.pdf | 5 Jun 2023 |
| Certificates of CA (Form 3)File: Form 3 IIIA 30062022.pdf | 17 Feb 2023 |
| Certificates of CA (Form 3)File: Form3 IIIA 30092022.pdf | 17 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 PHASE IIIA 3062022.pdf | 10 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 PHASE IIIA 3092022.pdf | 10 Feb 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 PHASE IIIA 300622.pdf | 10 Feb 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 PHASE IIIA 300922.pdf | 10 Feb 2023 |
| Layout approvalFile: Layout Approval.pdf | 16 Jan 2023 |
| Copy of the legal title reportFile: Supplementary Title Report.pdf | 16 Jan 2023 |
| Details of encumbrances concerned to FinanceFile: Non Encumbrance -IIIA Legal.pdf | 16 Jan 2023 |
| Details of encumbrances concerned to FinanceFile: Non Encumbrance -IIIA Finance.pdf | 16 Jan 2023 |
| Details of encumbrances concerned to LegalFile: Non Encumbrance -IIIA Legal.pdf | 16 Jan 2023 |
| Details of encumbrances concerned to LegalFile: Non Encumbrance -IIIA Finance.pdf | 16 Jan 2023 |
| Copy of Layout Approval (in case of layout)File: Layout Approval.pdf | 16 Jan 2023 |
| Declaration about Commencement CertificateFile: Declaration about Commencement Certificate.pdf | 16 Jan 2023 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE OF SOLD.pdf | 16 Jan 2023 |
| CERSAI detailsFile: Undertaking Cersai - Phase IIIA.pdf | 16 Jan 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A- Monisha Shetty Phase IIIA.pdf | 16 Jan 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A -PV Shetty Phase IIIA.pdf | 16 Jan 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A -Sujata Hegde Phase IIIA.pdf | 16 Jan 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A- Suniel shetty Phase IIIA.pdf | 16 Jan 2023 |
| Proforma of Agreement for saleFile: Standard Agreement for Sale - Discovery(RERA) - Draft.pdf | 16 Jan 2023 |
| Proforma of Allotment letterFile: Allotment Letter Discovery.pdf | 16 Jan 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: 1 Separate Bank Account details including no encumbrances on the Bank Account or no escrow | 16 Jan 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form -2 FY 19-20.pdf | 5 Jan 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form -2 FY 20-21.pdf | 5 Jan 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form -2 FY 21-22.pdf | 5 Jan 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form 2A FY 20-21.pdf | 5 Jan 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Form 2A-FY 19-20.pdf | 5 Jan 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: Form 2A-FY 21-22.pdf | 5 Jan 2023 |
| Certificates of CA (Form 3)File: Form -3 FY 19-20.pdf | 5 Jan 2023 |
| Certificates of CA (Form 3)File: Form -3 FY 20-21.pdf | 5 Jan 2023 |
| Certificates of CA (Form 3)File: Form -3 FY 21-22.pdf | 5 Jan 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Form -5 -FY 19-20.pdf | 5 Jan 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form -5 -FY- 20-21.pdf | 5 Jan 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form -5 -FY 21-22.pdf | 5 Jan 2023 |
Promoter's earlier projects1
As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.
| Project | Location | Flats | Status | Promised | Delivered |
|---|---|---|---|---|---|
| DISCOVERY PHASE - 1 | Discovery Project Kunenama Village Taluka Maval District Pune 410401 | 13 | Completed | Jun 2017 | May 2017 |
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 4 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 2 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 92 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
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Filed coordinates, straight-line distance. 11 registered projects within 2 km.
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Builder: S2 REALTY AND DEVELOPERS PRIVATE LIMITED
S2 REALTY AND DEVELOPERS PRIVATE LIMITED has 3 registrations on MahaRERA, including DISCOVERY PHASE - II and DISCOVERY PHASE - III. Its filings disclose 1 earlier MahaRERA project: declares 1 of 1 past projects completed on time. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What does it mean that DISCOVERY PHASE - IIIA shows as registration lapsed on MahaRERA?
A registration runs until the completion date the promoter declared. If the project is neither completed nor extended by then it lapses, and a de-registration or revocation ends it by order. In every case the promoter may no longer legally advertise, market or sell in the project, and the Authority can act under section 7 against a defaulting promoter. What it does not do is cancel an agreement for sale you have already signed, or extinguish your section 18 right to delay interest or refund; those run from your agreement, not from the registration. Get the current position from the promoter in writing, verify it on the MahaRERA portal, and take legal advice before paying any further instalment.
What are my rights if DISCOVERY PHASE - IIIA is delayed beyond 30 Jun 2024?
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 DISCOVERY PHASE - IIIA?
The registered promoter entity is S2 REALTY AND DEVELOPERS PRIVATE LIMITED, a company as per the filing. Its CIN U45200MH2008PTC182883 and GSTIN 27AAECP7229F1ZC can be cross-checked on the MCA and GST portals. 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 DISCOVERY PHASE - IIIA?
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 current is the construction progress shown for DISCOVERY PHASE - IIIA?
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 DISCOVERY PHASE - IIIA?
The professionals named in the filing: Architect: H B ARCHITECTS; Engineer: U D CHANDE; Chartered Accountant: IR SHETTY & ASSOCIATES; Chartered Accountant: YRKDAJ & ASSOCIATES LLP. 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 DISCOVERY PHASE - IIIA?
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; why the completion date was revised and what the new timeline depends on. The Rs 499 buyer report works through all of them from the filings.
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