Home / Browse projects / Raigarh, Maharashtra / Indiabulls Park 5
Indiabulls Park 5
By Lucina Land Development Limited
RG-MH-15632 · RERA P52000025902 · Last updated on MahaRERA portal: 20 Jul 2026
Source: official MahaRERA filing
Or get an email each time it changes, with the project watch
Red flags
- 1 complaint at MahaRERA
- Completion date moved by 54 months
- 2 extensions taken
Clear
- No litigation declared
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
3 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.Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
Indiabulls Park 5 is a Commercial project by Lucina Land Development Limited in Raigarh, Maharashtra, registered with MahaRERA as P52000025902 on 27 Jul 2020. Possession is promised by 30 Dec 2030. The completion date has moved by 54 months from the original filing. 7 of the 7 units on this registration are recorded sold or booked, and 2 of 22 construction stages are filed complete. 1 complaint is on record with the regulator.
At a glance
Project
- NameIndiabulls Park 5
- TypeCommercial
- Location
- Sawale Apte Road
- Panvel
- Kon
- Raigarh
- 410207
- Pincode410207
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52000025902
- ReraGenie IDRG-MH-15632
Builder
- NameLucina Land Development Limited
- Entity typeCompany
- Whole-Time DirectorMEYYAPPAN RAMANATHAN
- DirectorsSSATYAJIT PARRIHAAR, MANISH RIYAL
- Other registrations8 more →
- Completed4 of 9
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on27 Jul 2020
- Promised completion30 Dec 2030
- Revised completionRevised to 30 Dec 2030 (originally 30 Jun 2026)
- Buildings2 building records
- Documents filed123 files
Current status
Figures as on 20 Jul 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| 6A | NA | 12 | 1 | 0 | 1 | 1 |
| 6B | NA | 12 | 1 | 0 | 6 | 6 |
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 building2
As on 20 Jul 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.
2 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Basement (if any), at 70%.
6A34%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 70% |
| Podiums (if any) | 70% |
| Plinth | 50% |
| Stilt Floor | 50% |
| Slabs of Super Structure | 30% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| 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% |
6B34%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 70% |
| Podiums (if any) | 70% |
| Plinth | 50% |
| Stilt Floor | 50% |
| Slabs of Super Structure | 30% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| 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 20 Jul 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 facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | Yes | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| Community Buildings | Yes | 0% |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 0% |
| Solid Waste Management And Disposal | Yes | 0% |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | No | Not applicable |
Land and ownership
Declared none is the promoter's own declaration to the regulator, not a title search. A search at the sub-registrar is what confirms it.
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| 6B | NA | Rs 3.13 cr | Rs 1.56 cr |
| 6A | NA | Rs 1.34 cr | Rs 67.01 lakh |
Certifying professionals and partners6
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Rakhi Ubhare |
| Engineer | Ramesh Rampure |
| Engineer | Vitthal Shinde |
| Engineer | Krishna Kumar Bhatnagar |
| Chartered Accountant | A K O R D & CO |
| Chartered Accountant | R G V A & Associates |
| Partner | Role 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.
Reason as filed by the promoterThe Self Declaration of Reason for Delay is uploaded below in "OTHER" Tab.
Reason as filed by the promoterReason in detail has been mentioned in Form E
Litigation declared1
| Case | Court | Status |
|---|---|---|
| 214/2015/2015 | Civil Judge Senior Division Panvel | Pending for hearing |
Complaints filed with MahaRERA1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| SM12600106 | Bhakti Achrekar | Lucina Land Development Limited | 05/02/2026 |
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.
- Legal title reportOn the file
A lawyer's report on who owns the land and what is registered against it.
uploaded 14 Oct 2019 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 14 Oct 2019 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 14 Oct 2019 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 11 Oct 2019Confirm the Commencement Certificate covers the specific floor you are buying. - 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 Dec 2030
Documents filed123
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 123 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 |
|---|---|
| Withdrawal Update Form 1File: LLDL_Indiabulls Park 5.pdf | 20 Jul 2026 |
| Withdrawal Update Form 2File: Form_2 Park 5.PDF | 20 Jul 2026 |
| Withdrawal Update Form 3File: LLDL_Indiabullls Park 5.pdf | 20 Jul 2026 |
| Form 2A (FY 2025-2026)File: Form_2 A Park-5 (1).PDF | 1 Jul 2026 |
| Withdrawal Update Form 1File: Form_1 Indiabulls Park 5.PDF | 16 Jun 2026 |
| Withdrawal Update Form 2File: Form_2 Indiabulls Park_5.PDF | 16 Jun 2026 |
| Withdrawal Update Form 3File: Indiabulls Park 5.pdf | 16 Jun 2026 |
| Withdrawal Update Form 1File: Form_1 Indiabulls Park-5.PDF | 26 Feb 2026 |
| Withdrawal Update Form 2File: Form_2 Indiabulls Park-5.PDF | 26 Feb 2026 |
| Withdrawal Update Form 3File: Form 3 Q3 Indiabulls Park 5.pdf | 26 Feb 2026 |
| Withdrawal Update Form 1File: Form_1 Indiabulls Park-5.PDF | 12 Dec 2025 |
| Withdrawal Update Form 2File: Form_2 Indiabuills Park-5.PDF | 12 Dec 2025 |
| Withdrawal Update Form 3File: Form 3_Lucina Indiabulls Park 5_compressed.pdf | 12 Dec 2025 |
| Form 5 (FY 2024-2025)File: FORM 5 Indiabulls Park 5.pdf | 1 Oct 2025 |
| Withdrawal Update Form 1File: Form_1 Indiabulls Park-5.PDF | 17 Sep 2025 |
| Withdrawal Update Form 2File: Form_2 Indiabulls Park-5 _V1.pdf | 17 Sep 2025 |
| Withdrawal Update Form 3File: Form_3 Indiabulls Park-5.PDF | 17 Sep 2025 |
| Form 2A (FY 2024-2025)File: Quality 2A Certificate Panvel Park 5.pdf | 30 Jun 2025 |
| Form 1File: From_1 Indiabulls Park-5.PDF | 25 Jun 2025 |
| Form 2File: From_2 Indiabulls Park-5.PDF | 25 Jun 2025 |
| Form 3File: From-3 Indiabulls Park-5.PDF | 25 Jun 2025 |
| Disclosure of Sold and Booked InventoryFile: Annexure B- Disclosure of sold Unsold Inventory.PDF | 25 Jun 2025 |
| OthersFile: Encumbrance, Asset, Debtor Decl_Merge.pdf | 25 Jun 2025 |
| Details of encumbrances concerned to FinanceFile: Annexure K-Encumbrance Concerned to Finance.PDF | 27 Feb 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form-1 Panvel Park Phase -5.PDF | 27 Feb 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Park 5_Final Form 3-min.pdf | 27 Feb 2025 |
| Disclosure of sold/ booked inventoryFile: Annexure B- Disclosure of Sold Unsold.PDF | 27 Feb 2025 |
| CERSAI detailsFile: Annexure G-Asset Based Declaration.PDF | 27 Feb 2025 |
| CERSAI detailsFile: Annexure L- Debtor Based Declaration.PDF | 27 Feb 2025 |
| Details of encumbrances concerned to LegalFile: Annexure K-Encumbrance Concerned to Finance.PDF | 27 Feb 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: From_5 Indiabulls Park-5.PDF | 3 Dec 2024 |
| Details of encumbrances concerned to FinanceFile: Encumbrance Concerned to Finance P5.pdf | 12 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1_ IB Park-5.PDF | 12 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Final_Form 3_Park-5.PDF | 12 Nov 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form_2 Indiabulls Park-5.PDF | 12 Nov 2024 |
| Disclosure of sold/ booked inventoryFile: Annexure B- Disclosure of sold unsold.pdf | 12 Nov 2024 |
| CERSAI detailsFile: Annexure G-Asset Based Declaration.pdf | 12 Nov 2024 |
| CERSAI detailsFile: Annexure L- Debtor Based Declaration.pdf | 12 Nov 2024 |
| Details of encumbrances concerned to LegalFile: Encumbrance Concerned to Finance P5.pdf | 12 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Signed_Form 3_Indiabulls Park 5.pdf | 29 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form-1 Panvel Park-5.PDF | 23 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Panvel Park-5.PDF | 23 Jul 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Indiabulls Panvel Park Phase-5.PDF | 23 Jul 2024 |
| Details of encumbrances concerned to FinanceFile: Encumbrance Concerned to Finance.PDF | 20 Jul 2024 |
| Details of encumbrances concerned to LegalFile: Encumbrance Concerned to Finance.PDF | 20 Jul 2024 |
| Disclosure of sold/ booked inventoryFile: Annexure B- Disclosure of sold unsold.PDF | 20 Jul 2024 |
| CERSAI detailsFile: Annexure G-Asset Based Declaration.PDF | 20 Jul 2024 |
| CERSAI detailsFile: Annexure L- Debtor Based Declaration.PDF | 20 Jul 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form-2A-Indiabulls Park-5.PDF | 7 May 2024 |
| Details of encumbrances concerned to FinanceFile: Annexure-K-Non-Enumberance Concerned to Finance.pdf | 19 Apr 2024 |
| Details of encumbrances concerned to LegalFile: Annexure-K-Non-Enumberance Concerned to Finance.pdf | 19 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Indiabulls Panvel Park Phase-5.PDF | 19 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Indiabulls Panvel Park Phase-5.PDF | 19 Apr 2024 |
| Disclosure of sold/ booked inventoryFile: Annexure-B-Disclosure of sold unsold inventory.pdf | 19 Apr 2024 |
| CERSAI detailsFile: Annexure-G-Asset Based Declaration.pdf | 19 Apr 2024 |
| CERSAI detailsFile: Annexure-L-Debtor Based Declaration.pdf | 19 Apr 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Indiabulls Panvel Park Phase-5.PDF | 19 Apr 2024 |
| Declaration in FORM BFile: Form-B indiabulls park-5.pdf | 10 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Panvel Park Phase-5.pdf | 1 Feb 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Indiabulls Panvel Park-5.pdf | 30 Jan 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 - Panvel Park-5.PDF | 30 Jan 2024 |
| Details of encumbrances concerned to FinanceFile: Annexure-K- Non Encumbrance Concerned of finance.PDF | 19 Jan 2024 |
| Details of encumbrances concerned to LegalFile: Annexure-K- Non Encumbrance Concerned of finance.PDF | 19 Jan 2024 |
| Disclosure of sold/ booked inventoryFile: Annexure-B- Disclosure of Sold _ Booked Inventory.PDF | 19 Jan 2024 |
| CERSAI detailsFile: Annexure-G- Asset Based Declaration.PDF | 19 Jan 2024 |
| CERSAI detailsFile: Annexure-L- Debtor Based Declartion.PDF | 19 Jan 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Panvel Park Phase 5 Architect Certificate.pdf | 21 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Panvel Park Phase 5 Architect Certificate.pdf | 21 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Indiabulls Park 5.pdf | 21 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Panvel Park Phase 5 Engineer Certificate.pdf | 21 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Panvel Park Phase 5 Engineer Certificate.pdf | 21 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: INDIABULLS PARK - 5.PDF | 21 Oct 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Panvel Park 5.pdf | 21 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Panvel Park - Phase 5.pdf | 21 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Park 5.pdf | 21 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: PARK 5.pdf | 21 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Indiabulls Park Phase-5.PDF | 17 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Panvel Park Phase 5 Engineer Certificate_.PDF | 17 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Indiabull Park 5.pdf | 17 Oct 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Park 5.pdf | 29 Sep 2023 |
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Buyer report
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- 3 conditions on this project's record read and explained, with the clear checks alongside
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- All 123 filed documents as one ZIP, foldered, with a manifest
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Project watch
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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 5 is delayed beyond 30 Dec 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 5?
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 5?
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 5?
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 5?
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 5?
The professionals named in the filing: Architect: Rakhi Ubhare; Engineer: Ramesh Rampure; Engineer: Vitthal Shinde; Engineer: Krishna Kumar Bhatnagar; Chartered Accountant: A K O R D & CO; Chartered Accountant: R G V A & 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 Indiabulls Park 5?
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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