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GVC SHAGUN CITY PHASE 1
RG-MH-02641 · RERA P51100015116 · Last updated on MahaRERA portal: 11 May 2023
Source: official MahaRERA filing
Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
At a glance
Project
- NameGVC SHAGUN CITY PHASE 1
- TypeResidential / Group Housing
- Location
- OFF ROAD NO 10 BEHIND RAMBAGH RESIDENCY
- KAUTHA
- Nanded Waghala (M Corp.)
- Nanded
- 431603
- Pincode431603
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51100015116
- ReraGenie IDRG-MH-02641
Builder
- NameSHAGUN ASSOCIATES
- Entity typePartnership
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on31 Jan 2018
- Promised completion30 Dec 2022
- Revised completionNone
- Buildings55 building records
- Documents filed55 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| B-6 | NA | 2 | 0 | 0 | 0 | 0 |
| B-7 | NA | 2 | 0 | 0 | 0 | 0 |
| B-8 | NA | 2 | 0 | 0 | 0 | 0 |
| B-9 | NA | 2 | 0 | 0 | 0 | 0 |
| B-10 | NA | 2 | 0 | 0 | 0 | 0 |
| J-11 | NA | 2 | 0 | 0 | 0 | 0 |
| J-12 | NA | 2 | 0 | 0 | 0 | 0 |
| J-13 | NA | 2 | 0 | 0 | 0 | 0 |
| J-14 | NA | 2 | 0 | 0 | 0 | 0 |
| C-15 | NA | 2 | 0 | 0 | 0 | 0 |
| C-16 | NA | 2 | 0 | 0 | 0 | 0 |
| C-17 | NA | 2 | 0 | 0 | 0 | 0 |
| E I-18 | NA | 2 | 0 | 0 | 0 | 0 |
| E I-19 | NA | 2 | 0 | 0 | 0 | 0 |
| E I-20 | NA | 2 | 0 | 0 | 0 | 0 |
| E I-21 | NA | 2 | 0 | 0 | 0 | 0 |
| E I-22 | NA | 2 | 0 | 0 | 0 | 0 |
| E I-23 | NA | 2 | 0 | 0 | 0 | 0 |
| E I-24 | NA | 2 | 0 | 0 | 0 | 0 |
| F I-25 | NA | 2 | 0 | 0 | 0 | 0 |
| F I-26 | NA | 2 | 0 | 0 | 0 | 0 |
| F I-27 | NA | 2 | 0 | 0 | 0 | 0 |
| F I-28 | NA | 2 | 0 | 0 | 0 | 0 |
| F I-29 | NA | 2 | 0 | 0 | 0 | 0 |
| F I-30 | NA | 2 | 0 | 0 | 0 | 0 |
| F I-31 | NA | 2 | 0 | 0 | 0 | 0 |
| D-32 | NA | 2 | 0 | 0 | 0 | 0 |
| D-33 | NA | 2 | 0 | 0 | 0 | 0 |
| D-34 | NA | 2 | 0 | 0 | 0 | 0 |
| G-38 | NA | 2 | 0 | 0 | 0 | 0 |
| G-39 | NA | 2 | 0 | 0 | 0 | 0 |
| H-1 | NA | 2 | 0 | 0 | 0 | 0 |
| H-2 | NA | 2 | 0 | 0 | 0 | 0 |
| H-3 | NA | 2 | 0 | 0 | 0 | 0 |
| H-4 | NA | 2 | 0 | 0 | 0 | 0 |
| I-5 | NA | 2 | 0 | 0 | 0 | 0 |
| I-6 | NA | 2 | 0 | 0 | 0 | 0 |
| I-7 | NA | 2 | 0 | 0 | 0 | 0 |
| F II-8 | NA | 2 | 0 | 0 | 0 | 0 |
| F II-9 | NA | 2 | 0 | 0 | 0 | 0 |
| F II-10 | NA | 2 | 0 | 0 | 0 | 0 |
| F II-11 | NA | 2 | 0 | 0 | 0 | 0 |
| F II-12 | NA | 2 | 0 | 0 | 0 | 0 |
| F II-13 | NA | 2 | 0 | 0 | 0 | 0 |
| E II-14 | NA | 2 | 0 | 0 | 0 | 0 |
| E II-15 | NA | 2 | 0 | 0 | 0 | 0 |
| E II-16 | NA | 2 | 0 | 0 | 0 | 0 |
| E II-17 | NA | 2 | 0 | 0 | 0 | 0 |
| E II-18 | NA | 2 | 0 | 0 | 0 | 0 |
| E II-19 | NA | 2 | 0 | 0 | 0 | 0 |
| K-20 | NA | 2 | 0 | 0 | 0 | 0 |
| K-21 | NA | 2 | 0 | 0 | 0 | 0 |
| K-22 | NA | 2 | 0 | 0 | 0 | 0 |
| K-23 | NA | 2 | 0 | 0 | 0 | 0 |
| K-24 | NA | 2 | 0 | 0 | 0 | 0 |
These details are filed with MahaRERA and packaged in the Rs 499 buyer report. Create a free account to preview, or read the full report for the verdict.
Builder: SHAGUN ASSOCIATES
SHAGUN ASSOCIATES has 3 registrations in this build, including GVC SHAGUN CITY PHASE 1 and GVC SHAGUN CITY PHASE II. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Nanded district page.
Frequently asked questions
What are my rights if GVC SHAGUN CITY PHASE 1 is delayed beyond 30 Dec 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 GVC SHAGUN CITY PHASE 1?
The registered promoter entity is SHAGUN ASSOCIATES, a partnership as per the filing. The filing discloses no 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, all downloadable free from this page with a login.
Is my payment protected in GVC SHAGUN CITY PHASE 1?
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.
Who certifies construction progress at GVC SHAGUN CITY PHASE 1?
The professionals named in the filing: Architect: SOURABH SHIRISH KARANDIKAR; Engineer: SANDESH CHAVGONDA PATIL. 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 GVC SHAGUN CITY PHASE 1?
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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