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ICON ESTELLA
By ICON REALITY
RG-MH-17069 · RERA P52100028027 · Last updated on MahaRERA portal: 9 Nov 2024
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 34 months past the filed date
- Completion date moved by 6 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
- All 2 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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ICON ESTELLA is a Residential / Group Housing project by ICON REALITY in Pune, Maharashtra, registered with MahaRERA as P52100028027 on 26 Jan 2021. Possession was promised by 31 Dec 2023 and is now 34 months past that date. The completion date has moved by 6 months from the original filing.
At a glance
Project
- NameICON ESTELLA
- TypeResidential / Group Housing
- Location
- SALISBURY PARK
- Pune (M Corp.)
- Pune City
- Pune
- 411037
- Pincode411037
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100028027
- ReraGenie IDRG-MH-17069
Builder
- NameICON REALITY
- Entity typePartnership
- PartnersNARENDRA RAJMAL GANDHI, PRATIK MAYUR SHAH, VISHAL NARENDRA GANDHI, DILIP PUKHRAJ KANSTIYA
- Declared earlier projects2 →
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on26 Jan 2021
- Promised completion31 Dec 2023
- Revised completionRevised to 31 Dec 2023 (originally 30 Jun 2023)
- Buildings1 building record
- Documents filed38 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| ICON ESTELLA | NA | 7 | 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 9 Nov 2024, 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.
9 of 11 construction stages are filed complete. The stage furthest along is Slabs of Super Structure, at 7%.
ICON ESTELLA: 82% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 7% |
| 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 amenities16
As on 9 Nov 2024, 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 | Yes | 100% |
| 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 | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | Yes | 100% |
| Open Parking | Yes | 100% |
| Genset Backup | Yes | 100% |
Parking filed14
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 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 | CUBIX ARCHITECHS ASSOCIATES |
| Engineer | NAMDAS RAMCHANDRA ROHIDAS |
| Engineer | AKASH VISHU JOGALE |
| Chartered Accountant | TRUPTI R OSWAL & ASSOCIATES |
| Partner | Role in project |
|---|---|
| ICON REALITY | - |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterThe file Has been sent to the corporation for OC on 31.03.2023
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 19 Dec 2020 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 16 Jan 2021 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 19 Aug 2021 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 18 Aug 2021Confirm 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 8 Jul 2023
Documents filed38
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 |
|---|---|
| Other - LegalFile: Completion Estella.pdf | 9 Nov 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Apllication For OC.pdf | 8 Jul 2023 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Apllication For OC.pdf | 8 Jul 2023 |
| CERSAI detailsFile: CERSAI_Search_Report_200273477124_For_Asset_Based_Search_05_07_2023_10_59_34_941.pdf | 5 Jul 2023 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold List.pdf | 4 Jul 2023 |
| Declaration in FORM BFile: Form B Notarized.pdf | 1 Jul 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1.pdf | 1 Jul 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form B Notarized.pdf | 1 Jul 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Eng Certificate.pdf | 1 Jul 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: fORM 2A QTR 1.pdf | 1 Jul 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: fORM 2 A QTR 2.pdf | 1 Jul 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: fORM 2 A QTR 3.pdf | 1 Jul 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: fORM 2 A QTR 4.pdf | 1 Jul 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3.pdf | 1 Jul 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form - 5 final.pdf | 1 Jul 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: fORM 1 Arch Letter.pdf | 26 Jun 2023 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: ICON ESTELLA (1).pdf | 28 Dec 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: form 5 icon reality.pdf | 31 Mar 2022 |
| Building plan approvalFile: scan003_compressed.pdf | 19 Aug 2021 |
| Building plan approvalFile: scan004_compressed.pdf | 19 Aug 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: scan003_compressed.pdf | 19 Aug 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: scan004_compressed.pdf | 19 Aug 2021 |
| Commencement Certificates / NA Order for plotted developmentFile: CC 1310 New_compressed.pdf | 18 Aug 2021 |
| Proforma of Allotment letterFile: ARTICLES OF AGREEMENT Bare Shell-converted.pdf | 31 Jul 2021 |
| Proforma of Allotment letterFile: ARTICLES OF AGREEMENT.pdf | 26 Jan 2021 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: ICON REALTIY FORM-3_compressed-compressed.pdf | 18 Jan 2021 |
| Layout approvalFile: floor plan esteela.pdf | 16 Jan 2021 |
| Copy of Layout Approval (in case of layout)File: floor plan esteela.pdf | 16 Jan 2021 |
| Declaration in FORM BFile: form B esteela_compressed.pdf | 16 Jan 2021 |
| Proforma of Allotment letterFile: Allotment.pdf | 8 Jan 2021 |
| Details of encumbrancesFile: ENCUMBRANCE.pdf | 30 Dec 2020 |
| Building plan approvalFile: scan plan 2_compressed.pdf | 19 Dec 2020 |
| Building plan approvalFile: scan plan 1_compressed.pdf | 19 Dec 2020 |
| PAN CardFile: CCF_000004.pdf | 19 Dec 2020 |
| Copy of the legal title reportFile: Search Report Dated 03-08-2020_compressed.pdf | 19 Dec 2020 |
| Building Plan Approval / NA Order for plotted developmentFile: scan plan 2_compressed.pdf | 19 Dec 2020 |
| Building Plan Approval / NA Order for plotted developmentFile: scan plan 1_compressed.pdf | 19 Dec 2020 |
| Commencement Certificates / NA Order for plotted developmentFile: CCF_000003.pdf | 19 Dec 2020 |
Promoter's earlier projects2
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 |
|---|---|---|---|---|---|
| 1 RAVINANDA | plot no. 182 | 20 | Completed | Dec 2022 | Dec 2022 |
| RAVINANDA TRINITY | GAT NO 719 PART 1 WAGHOLI | 256 | Completed | Jul 2021 | Jul 2021 |
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How this compares with Pune
Computed across the 13,700+ Pune projects on ReraGenie, from their own filings.
Free monthly report: Pune on MahaRERA, month by month. What registered each month, this city against the other six, the possession pipeline and the pincode micro-markets, from these same filings.
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 every project registered within 2 km, which the RERA portal never shows together
- All 38 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
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Builder: ICON REALITY
ICON REALITY has 1 registration on MahaRERA, including ICON ESTELLA. Its filings disclose 2 earlier MahaRERA projects: declares 2 of 2 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 ICON ESTELLA 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 ICON ESTELLA is delayed beyond 31 Dec 2023?
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 ICON ESTELLA?
The registered promoter entity is ICON REALITY, 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 ICON ESTELLA?
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 ICON ESTELLA?
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 ICON ESTELLA?
The professionals named in the filing: Architect: CUBIX ARCHITECHS ASSOCIATES; Engineer: NAMDAS RAMCHANDRA ROHIDAS; Engineer: AKASH VISHU JOGALE; Chartered Accountant: TRUPTI R OSWAL & ASSOCIATES. 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 ICON ESTELLA?
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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