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ICON RESIDENCY
RG-MH-11745 · RERA P53000012102 · Last updated on MahaRERA portal: 31 Jan 2020
Source: official MahaRERA filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against the promoter's 2 other registrations and every project registered within 2 km.
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ICON RESIDENCY is a Residential / Group Housing project by BHUMI DEVELOPERS in Kolhapur, Maharashtra, registered with MahaRERA as P53000012102 on 1 Sep 2017. The registration is recorded completed; possession was promised by 30 Jun 2018.
At a glance
Project
- NameICON RESIDENCY
- TypeResidential / Group Housing
- Location
- Kolhapur (M Corp.)
- Karvir
- Kolhapur
- 416005
- Pincode416005
- MapView location on Google Maps (as filed on RERA)
- RERA no.P53000012102
- ReraGenie IDRG-MH-11745
Builder
- NameBHUMI DEVELOPERS
- Entity typePartnership
- GSTIN27AAHFB8887B1Z7
- GSTIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
- PartnersSanjay Vinayak Potdar, Nandkumar Dhondiram Kothawale, Ashish Bharat Gandhi, Rajendra Lilachand Sanghavi
- Other registrations2 more →
- Completed2 of 3
- No longer live1 lapsed, de-registered or revoked
- Declared earlier projects1 →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on1 Sep 2017
- Promised completion30 Jun 2018
- Revised completionNone
- Buildings1 building record
- Documents filed23 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| ICON RESIDENCY | NA | 8 | 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 31 Jan 2020, 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.
10 of 11 construction stages are filed complete. The stage furthest along is Podiums (if any), at 0%.
ICON RESIDENCY: 91% 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 | 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 31 Jan 2020, 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 | No | Not applicable |
| 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 | Yes | 100% |
| 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 filed34
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 partners2
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Amar Bhavanendra Upadhye |
| Engineer | Pranav Kulkarni |
| Partner | Role in project |
|---|---|
| BHUMI DEVELOPERS | - |
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 26 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 26 Jul 2017 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 26 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 26 Jul 2017Confirm 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 26 Dec 2019
Documents filed23
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 |
|---|---|
| Status of ConveyanceFile: Bhumi Developers Index II-compressed.pdf | 31 Jan 2020 |
| Status of ConveyanceFile: Bhumi Developers-compressed.pdf | 31 Jan 2020 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Bhumi dev.pdf | 26 Dec 2019 |
| Certificates of Architect (Form 4)File: Completion certificate bhumi07242018.pdf | 24 Jul 2018 |
| Certificates of Architect (Form 4)File: Form 4 bhumi07242018.pdf | 24 Jul 2018 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: bhumi declaration 1.pdf | 24 Jul 2018 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Bhumi declaration 2.pdf | 24 Jul 2018 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: bhumi Declaration 3.pdf | 24 Jul 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect certificate- Ganesh .pdf | 27 Jul 2017 |
| Certificates of CA (Form 3)File: Bhumi Dev CA Certificate.pdf | 27 Jul 2017 |
| Proforma of Allotment letterFile: Agreement to Sell Final.pdf | 27 Jul 2017 |
| Building plan approvalFile: Plan 1.pdf | 26 Jul 2017 |
| Building plan approvalFile: Plan 2.pdf | 26 Jul 2017 |
| Layout approvalFile: Layout Plan.pdf | 26 Jul 2017 |
| PAN CardFile: Firm PAN.pdf | 26 Jul 2017 |
| Copy of the legal title reportFile: Search Report.pdf | 26 Jul 2017 |
| Details of encumbrancesFile: No encumbrances undertaking.pdf | 26 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Layout Plan.pdf | 26 Jul 2017 |
| Building Plan Approval (IOD)File: Plan 1.pdf | 26 Jul 2017 |
| Building Plan Approval (IOD)File: Plan 2.pdf | 26 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 26 Jul 2017 |
| Declaration in FORM BFile: Declaration Form B.pdf | 26 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineer Certificate.pdf | 26 Jul 2017 |
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- All 23 filed documents as one ZIP, foldered, with a manifest
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Builder: BHUMI DEVELOPERS
BHUMI DEVELOPERS has 3 registrations on MahaRERA, including ICON RESIDENCY and ICON CORNER. 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 Kolhapur district page.
Frequently asked questions
What are my rights if ICON RESIDENCY is delayed beyond 30 Jun 2018?
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 RESIDENCY?
The registered promoter entity is BHUMI DEVELOPERS, a partnership as per the filing. Its GSTIN 27AAHFB8887B1Z7 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 ICON RESIDENCY?
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 RESIDENCY?
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 RESIDENCY?
The professionals named in the filing: Architect: Amar Bhavanendra Upadhye; Engineer: Pranav 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 ICON RESIDENCY?
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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