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Registered Litigation declared Residential / Group Housing project

Indiabulls Park 3

By Lucina Land Development Limited

RG-MH-10538 · RERA P52000000488 · Last updated on MahaRERA portal: 12 Sep 2026

Source: official MahaRERA filing

Red flags

  • Litigation declared, 9 cases
  • 33 complaints at MahaRERA
  • Completion date moved by 64 months
  • 2 extensions taken
  • Rs 950.00 crore secured on the land, in favour of IDBI TRUSTEE SHIP SERVICES LTD

Clear

  • Separate project account declared
  • Allotment letter follows the model form

5 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.

See what the report covers Free either way: or have every new Raigarh registration emailed to you, free during the pilot beta.
Apr 2030Possession promisedmoved 64 months from the original
12 of 44Construction stages doneacross 4 buildings; furthest along: Podiums (if any), 90%
169 of 937Units unsoldnot recorded sold or booked
33Complaints at MahaRERAon this registration
Jump to the 198 documents Report an error

Indiabulls Park 3 is a Residential / Group Housing project by Lucina Land Development Limited in Raigarh, Maharashtra, registered with MahaRERA as P52000000488 on 18 Jul 2017. Possession is promised by 30 Apr 2030. The completion date has moved by 64 months from the original filing. 768 of the 937 units on this registration are recorded sold or booked, and 12 of 44 construction stages are filed complete. 33 complaints are on record with the regulator.

At a glance

Project

  • NameIndiabulls Park 3
  • TypeResidential / Group Housing
  • Location
    • Sawala Apta Road
    • Panvel
    • Kon
    • Raigarh
    • 410207
  • Pincode410207
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P52000000488
  • ReraGenie IDRG-MH-10538

Builder

  • NameLucina Land Development Limited
  • Entity typeCompany
  • Whole-Time DirectorMEYYAPPAN RAMANATHAN
  • DirectorsSSATYAJIT PARRIHAAR, MANISH RIYAL
  • Other registrations8 more →
  • Completed4 of 9

Key dates

this monthRegisteredJul 2017First promiseDec 2024Revised toApr 2030

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on18 Jul 2017
  • Promised completion30 Apr 2030
  • Revised completionRevised to 30 Apr 2030 (originally 30 Dec 2024)
  • Buildings4 building records
  • Documents filed198 files

Current status

82%768 of 937 units booked
49.6%Work done, per cost certificate

Figures as on 12 Sep 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
3 CNA44372680268
4 ANA44372680268
4 BNA44372680268
1NA44361330133

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 building4

As on 12 Sep 2026, 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.

12 of 44 construction stages are filed complete across 4 buildings. The stage furthest along is Podiums (if any), at 90%.

3 C47%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)80%
Plinth100%
Stilt Floor55%
Slabs of Super Structure55%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises12%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks10%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.0%
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%
4 A48%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)90%
Plinth100%
Stilt Floor55%
Slabs of Super Structure65%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises13%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks9%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.0%
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%
4 B43%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)20%
Plinth100%
Stilt Floor55%
Slabs of Super Structure71%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises15%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks7%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.0%
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%
138%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)12%
Plinth100%
Stilt Floor55%
Slabs of Super Structure37%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises8%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks7%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.0%
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 12 Sep 2026, 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 facilityProposedProgress
Internal Roads & FootpathsYes0%
Water SupplyYes0%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes0%
Storm Water DrainsYes0%
Landscaping & Tree PlantingYes0%
Street LightingYes0%
Community BuildingsYes0%
Treatment And Disposal Of Sewage And Sullage WaterYes0%
Solid Waste Management And DisposalYes0%
Water conservation /Rain water harvestingYes0%
Energy managemcntYes0%
Fire protection and fire safety requirementsYes0%
Electrical meter room, sub-station, receiving stationYes0%
Aggregate area of recreational Open SpaceYes0%
Open ParkingNoNot applicable

Parking filed1166

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.

Total parking slots1,166
Closed/Covered1,166
BuildingClosed/CoveredTotal
3 C363363
4 A255255
4 B255255
1293293

Land and ownership

A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.

Land area3,572 sq m
Land owned byThe promoter
Named landownersNone
Encumbrance on the landDeclared present
Charge in favour ofIDBI TRUSTEE SHIP SERVICES LTD
Secured amountRs 950.00 crore
CERSAI search filedYes
Declared on2 Sep 2025

Approvals and building plan

Sanctioning authorityCITY AND INDUSTRIAL DEVELOPMENT CORPORATION OF MAHARASHTRA LIMITED
Permissible FSI75354.48
Proposed, not sanctioned75,354 sq m
Buildings approved4
Buildings sanctioned4

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.

Separate project accountDeclared
Bank branchGround Floor, Jehangir Building, M G Road, Fort, Mumbai, Maharashtra, 400001
Estimated costRs 557.33 cr
Cost incurredRs 276.20 cr
Work done49.56%
BuildingWingEstimatedIncurred
3 CNARs 161.47 crRs 80.13 cr
1NARs 149.97 crRs 74.09 cr
4 ANARs 123.08 crRs 61.06 cr
4 BNARs 122.82 crRs 60.92 cr

Certifying professionals and partners6

Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectRakhi Ubhare
EngineerRamesh Rampure
EngineerVitthal Shinde
EngineerKrishna Kumar Bhatnagar
Chartered AccountantR G V A & Associates
Chartered AccountantA K O R D & CO
PartnerRole in project
Lucina Land Development Limited-

Extensions applied for2

A revised date filed with the regulator does not change the possession date in your agreement for sale.

EXT52000019557Dec 2024 → Apr 2028

Reason as filed by the promoterThe Self Declaration of Reason for Delay is uploaded below in "OTHER" Tab.

EA31072621973Dec 2024 → Apr 2030

Reason as filed by the promoterReasons in detail are mentioned in Form E

Litigation declared9

CaseCourtStatus
214/2015/2015Civil Judge Senior Division PanvelOngoing
Consumer Complaint No. 944 /2016SCDRC, Maharashtra, Mumbai.Ongoing
Consumer Complaint No. 948 /2016SCDRC, Maharashtra, Mumbai.Ongoing
2016/2016SCDRC, Maharashtra, Mumbai.Ongoing
Complaint No. 1155 /2016SCDRC, Maharashtra, Mumbai.Ongoing
Complaint No. 122 /2017DCDRC, Maharashtra, Mumbai.Ongoing
CC No. 583 /2019SCDRC, MumbaiOngoing
CC No. 202 /2022District Consumer Dispute Redressal Forum, Central MumbaiOngoing
Consumer Complaint No. 508 of 2023/2023District Consumer Disputes Redressal commission, Central Mumbai.Ongoing

Complaints filed with MahaRERA33

Case no.ComplainantRespondentFiled
CC006000000001291PRADIP SHRIPAT PATANKARLUCINA LAND DEVELOPMENT LIMITED20/10/2017
CC006000000044300Vijay ShettyM/s Lucina Land Development Limited19/12/2018
CC006000000044313Dinesh Kumar NaharM./s Lucina Land Development Limited30/04/2018
CC006000000057332Mrs SUSHILA GAUTAMIndiabulls ( Lucina Land Development Limited )16/12/2018
CC006000000197246EDWARD JOHNMS LUCINA LAND DEVELOPMENT LIMITED21/06/2021
CC006000000197687Dr. Mrs. Milan Parag TelangLucina Land Development Limited22/07/2021
CC006000000195953Ashwini A. ShindeLucia Land Development Ltd.09/02/2021
CC006000000196144SAHEB RAMASHREY YADAVM/s. LUCINA LAND DEVELOPMENT LIMITED26/02/2021
CC006000000197399Rajib Kumar BachhawatLucina Land Development Limited24/06/2021
CC006000000354425Pratibha PatilLucina Land Development Limited27/02/2023
CC006000000374768Chandramohan Manohar PotdarLucina Land Development Limited28/03/2023
CC006000000375004Subrat KaushikLucina Land Development Limited21/04/2023
CC006000000395564RATNAKAR SURYAWANSHI Gopalrao SuryawanshiLucina Land Development Limited07/05/2023
CC006000000397763MRS MANISHA SHANKAR CHILAPLUCINA LAND DEVELOPMENTLTD12/10/2023
CC006000000591308Venkataramani RamamurthyLucina Land Development Limited31/07/2024
CC006000000591331Chitra HariLucina Land Developmentt26/07/2024
CC006000000591494ankushpureLucina Land Development Ltd10/08/2024
CC12400219Joyson Savio DsilvaLucina Land Development Limited24/09/2024
CC12502068Dinesh Ashok MoreLucina Land Development Limited24/06/2025
CC12501496Cyriac Mathew MankunnathuLucina Land Development Limited04/05/2025
CC12502055UNNATHAN SHEKHARLucina Land Development Limited24/06/2025
CC12503199SMITA CHALLULucina Land Development Limited10/09/2025
CC12503763Tarun NB SinghLucina Land Development Limited28/10/2025
CC12504297Nikita Shrenik JainLucina Land Development Limited05/12/2025
SM12600111Bhakti AchrekarLucina Land Development Limited06/02/2026
CC12601276Namrata Dayanand JambhaleLucina Land Development Limited09/03/2026
CC12604809Rajendra Pralhad JagdaleLucina Land Development Limited31/07/2026
CC12605140Shubhy PandeyLucina Land Development Limited12/08/2026
CC12605279Rahul Tukaram MaliLucina Land Development Limited19/08/2026
CC12605276Namrata Dayanand JambhaleLucina Land Development Limited19/08/2026
CC12606012Saket Keshav AgarwalLucina Land Development Limited15/09/2026
CC12605856Babu Balakrishnan ParapurathLucina Land Development Limited08/09/2026
CC12606313Lucina Land Development LimitedAmruta Dhanbhadur Chand29/09/2026

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.

  1. Legal title reportOn the file

    A lawyer's report on who owns the land and what is registered against it.

    uploaded 14 Jul 2017
  2. Layout approvalOn the file

    The planning authority's approval of how the plots and buildings sit on the land.

    uploaded 7 Sep 2019
  3. Building plan approvalOn the file

    Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.

    uploaded 9 Sep 2019
  4. Commencement CertificateOn the file

    Permission to begin construction. On a plotted development the same slot carries the NA order instead.

    uploaded 28 Dec 2023Confirm the Commencement Certificate covers the specific floor you are buying.
  5. Occupancy CertificateNot due yet

    The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.

    possession is promised for 30 Apr 2030

Documents filed198

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 198 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.

DocumentUploaded
Form 5 (FY 2025-2026)File: FORM 5_Indiabulls Park 3_FY 25-26.pdf12 Sep 2026
Withdrawal Update Form 1File: LLDL Park 3.pdf20 Jul 2026
Withdrawal Update Form 2File: Form_2 Park 3.PDF20 Jul 2026
Withdrawal Update Form 3File: LLDL_Indiabulls_Park 3.pdf20 Jul 2026
Form 2A (FY 2025-2026)File: Form_2 A Park-3 (1).PDF1 Jul 2026
Withdrawal Update Form 1File: Form_1 Indiabulls Park 3.PDF16 Jun 2026
Withdrawal Update Form 2File: Form_2 Indiabulls Park_3.PDF16 Jun 2026
Withdrawal Update Form 3File: Indiabulls Park 3_compressed.pdf16 Jun 2026
Withdrawal Update Form 1File: Form_1 Indiabulls Park-3.PDF26 Feb 2026
Withdrawal Update Form 2File: Form_2 Indiabulls Park-3.PDF26 Feb 2026
Withdrawal Update Form 3File: Form 3 Q3 Indiabulls Park 3.pdf26 Feb 2026
Withdrawal Update Form 1File: Form_1 Indiabulls Park-3.PDF12 Dec 2025
Withdrawal Update Form 2File: Form_2 Indiabuills Park-3.PDF12 Dec 2025
Withdrawal Update Form 3File: Form 3_Lucina Indiabulls Park 3_compressed.pdf12 Dec 2025
Form 5 (FY 2024-2025)File: FORM 5 Indiabulls Park 3.pdf1 Oct 2025
Withdrawal Update Form 1File: Form_1 Indiabulls Park-3.PDF17 Sep 2025
Withdrawal Update Form 2File: Form_2 Indiabulls Park-3_ V1.pdf17 Sep 2025
Withdrawal Update Form 3File: Form_3 IP-3.pdf17 Sep 2025
Form 2A (FY 2024-2025)File: Quality 2A Certificate Panvel Park 3.pdf30 Jun 2025
Form 1File: From_1 Indiabulls Park-3.PDF24 Jun 2025
Form 2File: From_2 Indiabulls Park-3.PDF24 Jun 2025
Form 3File: From-3 Indiabulls Park-3_Compressed.pdf24 Jun 2025
Disclosure of Sold and Booked InventoryFile: Annexure B- Disclosure of sold Unsold Inventory_Compressed.pdf24 Jun 2025
OthersFile: Encumbrance, Asset, Debtor Decl_Merge.pdf24 Jun 2025
Details of encumbrances concerned to FinanceFile: Annexure K-Encumbrance Concerned to Finance.PDF10 Mar 2025
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form-1 Panvel Park Phase -3.PDF10 Mar 2025
Certificates of CA (Form 3)File: Park 3_Final Form 3-min.pdf10 Mar 2025
Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: From_2 Indiabulls Park-3.PDF10 Mar 2025
Disclosure of sold/ booked inventoryFile: Annexure B- Disclosure of Sold Unsold.PDF10 Mar 2025
CERSAI detailsFile: Annexure G-Asset Based Declaration.PDF10 Mar 2025
CERSAI detailsFile: Annexure L- Debtor Based Declaration.PDF10 Mar 2025
Details of encumbrances concerned to LegalFile: Annexure K-Encumbrance Concerned to Finance.PDF10 Mar 2025
Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: From_5 Indiabulls Park-3.PDF3 Dec 2024
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1_ IB Park-3.PDF12 Nov 2024
Certificates of CA (Form 3)File: Final_Form 3_Park-3.PDF12 Nov 2024
Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form_2 Indiabulls Park-3.PDF12 Nov 2024
Disclosure of sold/ booked inventoryFile: Annexure B-Disclosure of Sold Unsold.pdf12 Nov 2024
Details of encumbrances concerned to FinanceFile: Encumbrance Concerned to Finance.pdf4 Nov 2024
CERSAI detailsFile: Annexure G-Asset Based Declaration.pdf4 Nov 2024
CERSAI detailsFile: Annexure L- Debtor Based Declaration.pdf4 Nov 2024
Details of encumbrances concerned to LegalFile: Encumbrance Concerned to Finance.pdf4 Nov 2024
Certificates of CA (Form 3)File: Signed_Form 3_Indiabulls Park 3.pdf29 Oct 2024
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form-1 Panvel Park-3.PDF23 Jul 2024
Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Panvel Park-3.PDF23 Jul 2024
Certificates of CA (Form 3)File: Indiabulls Panvel Park Phase-3.PDF23 Jul 2024
Details of encumbrances concerned to FinanceFile: Encumbrance Concerned to Finance.PDF20 Jul 2024
Details of encumbrances concerned to LegalFile: Encumbrance Concerned to Finance.PDF20 Jul 2024
CERSAI detailsFile: Annexure G-Asset Based Declaration.PDF20 Jul 2024
CERSAI detailsFile: Annexure L- Debtor Based Declaration.PDF20 Jul 2024
Disclosure of sold/ booked inventoryFile: Annexure B- Disclosure of sold unsold compressed.pdf20 Jul 2024
Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form-2A-Indiabulls Park-3.PDF7 May 2024
Details of encumbrances concerned to FinanceFile: Annexure-K-Non-Enumberance Concerned to Finance.pdf19 Apr 2024
Details of encumbrances concerned to LegalFile: Annexure-K-Non-Enumberance Concerned to Finance.pdf19 Apr 2024
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Panvel Park Phase-3.PDF19 Apr 2024
Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Indiabulls Panvel Park Phase-3.PDF19 Apr 2024
Disclosure of sold/ booked inventoryFile: Annexure-B-Disclosure of sold unsold inventory_11zon.pdf19 Apr 2024
CERSAI detailsFile: Annexure-G-Asset Based Declaration.pdf19 Apr 2024
CERSAI detailsFile: Annexure-L-Debtor Based Declaration.pdf19 Apr 2024
Certificates of CA (Form 3)File: Indiabulls Panvel Park Phase-3.PDF19 Apr 2024
Declaration in FORM BFile: Form -B Indiabulls park -3.pdf10 Apr 2024
Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Panvel Park Phase-3.pdf1 Feb 2024
Certificates of CA (Form 3)File: Indiabulls P-3 form 3_compressed.pdf1 Feb 2024
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Panvel Park-3.pdf30 Jan 2024
Certificates of CA (Form 3)File: Form 3 - Panvel Park-3.PDF30 Jan 2024
Details of encumbrances concerned to FinanceFile: Annexure-K- Non Encumbrance Concerned of finance.PDF21 Jan 2024
Details of encumbrances concerned to LegalFile: Annexure-K- Non Encumbrance Concerned of finance.PDF21 Jan 2024
CERSAI detailsFile: Annexure G- Asset Based Declarations.PDF21 Jan 2024
CERSAI detailsFile: Annexure- L- Debtor Based Declaration.PDF21 Jan 2024
Disclosure of sold/ booked inventoryFile: Annexure-B- Disclosure of Sold _ Booked Inventory_11zon.pdf21 Jan 2024
Commencement Certificates / NA Order for plotted developmentFile: Revalidation of Amended CC.pdf28 Dec 2023
Form 2AFile: Quality Assurance Certificate -Indiabulls Park 3.PDF21 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Park -3.PDF20 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Park-3.PDF20 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Park-3.PDF20 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Park-3.PDF20 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Park-3.PDF20 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Park-3.PDF20 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Indiabulls Park-3.PDF20 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: INDIABULLS PARK 3.PDF20 Oct 2023
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Panvel Park - 3.PDF20 Oct 2023

How this compares with Raigarh

82%of this project is bookeddistrict median 29%
20%of Raigarh projects moved their completion datethis one moved by 64 months
26%of Raigarh registrations have lapsed or been cancelledthis one is on the register

Computed across the 5,900+ Raigarh projects on ReraGenie, from their own filings.

Free monthly report: Navi Mumbai and Raigad 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.

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How alerts work

Other projects near Panvel5,900+ in Raigarh

2 kmIndiabulls Park 3Completed 11Lapsed / revoked 3Other 23Dot size: filed unitsN

Filed coordinates, straight-line distance. 37 registered projects within 2 km.

Builder: Lucina Land Development Limited

Lucina Land Development Limited has 9 registrations on MahaRERA, including Indiabulls Park 1 and Indiabulls Park 2. Its filings disclose no earlier MahaRERA projects. Litigation is declared on 4 of its registrations. Read the full track record. See more projects on the Raigarh district page.

Frequently asked questions

What are my rights if Indiabulls Park 3 is delayed beyond 30 Apr 2030?

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 Indiabulls Park 3?

The registered promoter entity is Lucina Land Development Limited, a company 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 Indiabulls Park 3?

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 Indiabulls Park 3?

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 Indiabulls Park 3?

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 Indiabulls Park 3?

The professionals named in the filing: Architect: Rakhi Ubhare; Engineer: Ramesh Rampure; Engineer: Vitthal Shinde; Engineer: Krishna Kumar Bhatnagar; Chartered Accountant: R G V A & Associates; Chartered Accountant: A K O R D & CO. 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 Indiabulls Park 3?

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; how the declared litigation on this registration affects your risk; 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.

Read the whole filing and still not sure? That is what the Rs 499 buyer report is for: the conditions on this record read one by one, the progress against the promise, this promoter's other registrations, what the filed documents themselves say, and a ZIP of every document on the filing. It carries the Rs 299 project watch free for 90 days.

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