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KANCHAN BUSINESS CENTER
RG-MH-02942 · RERA P99000020390 · Last updated on MahaRERA portal: 28 Nov 2022
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 1 other registration and every project registered within 2 km.
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KANCHAN BUSINESS CENTER is a Commercial project by NOVEL BUILDCON in Palghar, Maharashtra, registered with MahaRERA as P99000020390 on 9 Apr 2019. The registration is recorded completed; possession was promised by 30 Jun 2024.
At a glance
Project
- NameKANCHAN BUSINESS CENTER
- TypeCommercial
- Location
- MAHIM MANOR ROAD
- PALGHAR
- 401404
- Pincode401404
- MapView location on Google Maps (as filed on RERA)
- RERA no.P99000020390
- ReraGenie IDRG-MH-02942
Builder
- NameNOVEL BUILDCON
- Entity typePartnership
- PartnersRAJESH MAHENDRA MEHTA, UMESH VARDICHAND JAIN
- Other registrations1 more →
- Completed2 of 2
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on9 Apr 2019
- Promised completion30 Jun 2024
- Revised completionNone
- Buildings1 building record
- Documents filed44 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| KANCHAN BUSINESS CENTER | NA | 4 | 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 28 Nov 2022, 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%.
KANCHAN BUSINESS CENTER: 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 28 Nov 2022, 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 | No | Not applicable |
| Solid Waste Management And Disposal | No | Not applicable |
| Water conservation /Rain water harvesting | Yes | 100% |
| 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% |
Parking filed44
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 | Nishant Prabhakar Patil |
| Engineer | Shah & Associates |
| Partner | Role in project |
|---|---|
| NOVEL BUILDCON | - |
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 22 Mar 2019 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 29 Mar 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 22 Mar 2019 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 22 Mar 2019Confirm 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 6 Sep 2022
Documents filed44
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 |
|---|---|
| Declaration about Commencement CertificateFile: Nagar Parisha Order New.pdf | 28 Nov 2022 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: KBC Society Regi.pdf | 28 Nov 2022 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Format A - KBC.pdf | 28 Nov 2022 |
| Deviation Report with respect to Allotment letterFile: No Allot- KBC.pdf | 28 Nov 2022 |
| Deviation Report with respect to model copy of AgreementFile: No Change Agree KBC.pdf | 28 Nov 2022 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC CERTIFICATE FULL.pdf | 6 Sep 2022 |
| Architect’s Certificate on Completion of Project (Form 4)File: Architect_4.pdf | 6 Sep 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architech KBC 13-7.pdf | 18 Jul 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng -Stru- KBC 13-7.pdf | 18 Jul 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Suervisor Certi_ KBC.pdf | 18 Jul 2022 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold List - KBC.pdf | 18 Jul 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Ar Letter KBC 20_4.pdf | 23 Jun 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng KBC 20-4.pdf | 23 Jun 2022 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold List - KBC.pdf | 23 Jun 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: KBC CERTI CA.pdf | 23 Jun 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect KBC 012022.pdf | 12 Feb 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng KBC 012022.pdf | 12 Feb 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: KBC 19-20.pdf | 31 Dec 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architech Certi KBC.pdf | 18 Nov 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Engineer Certi KBC.pdf | 18 Nov 2021 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold List KBC.pdf | 18 Nov 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: CA Certificate KBC.pdf | 18 Nov 2021 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC KBC.pdf | 18 Nov 2021 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng_-_KBC 20210814_compressed.pdf | 14 Aug 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect percentage.pdf | 7 Aug 2021 |
| Disclosure of sold/ booked inventoryFile: Sold_Unsold_KBC.pdf | 7 Aug 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form 2 September 2019_compressed.pdf | 21 Aug 2020 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form 2 December 2019_compressed.pdf | 21 Aug 2020 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form 2 March 2020_compressed.pdf | 21 Aug 2020 |
| Declaration in FORM BFile: FORM B REVISED.pdf | 2 Apr 2019 |
| Layout approvalFile: MYSCAN_20190326_0001 (6).pdf | 29 Mar 2019 |
| Copy of Layout Approval (in case of layout)File: MYSCAN_20190326_0001 (6).pdf | 29 Mar 2019 |
| Declaration in FORM BFile: FORM B.pdf | 29 Mar 2019 |
| Certificates of CA (Form 3)File: CA.pdf | 29 Mar 2019 |
| Proforma of Allotment letterFile: Allotment letter.pdf | 29 Mar 2019 |
| Proforma of Allotment letterFile: Agreement.pdf | 29 Mar 2019 |
| Details of encumbrancesFile: NO ENCUMBRANCE.pdf | 23 Mar 2019 |
| Building plan approvalFile: PALGHAR COMM 1.pdf | 22 Mar 2019 |
| Building plan approvalFile: PALGHAR COMM 2 copy.pdf | 22 Mar 2019 |
| PAN CardFile: PAN.pdf | 22 Mar 2019 |
| Copy of the legal title reportFile: Title_compressed.pdf | 22 Mar 2019 |
| Building Plan Approval (IOD)File: PALGHAR COMM 1.pdf | 22 Mar 2019 |
| Building Plan Approval (IOD)File: PALGHAR COMM 2 copy.pdf | 22 Mar 2019 |
| Commencement Certificates / NA Order for plotted developmentFile: Nagarparishad_compressed.pdf | 22 Mar 2019 |
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Buyer report
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- Red flags and clear checks, the possession story, sanctions and sales, land and title, who you are dealing with
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- All 44 filed documents as one ZIP, foldered, with a manifest
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Builder: NOVEL BUILDCON
NOVEL BUILDCON has 2 registrations on MahaRERA, including KANCHAN BUSINESS CENTER and KANCHAN IMPERIAL. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Palghar district page.
Frequently asked questions
What are my rights if KANCHAN BUSINESS CENTER is delayed beyond 30 Jun 2024?
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 KANCHAN BUSINESS CENTER?
The registered promoter entity is NOVEL BUILDCON, 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 KANCHAN BUSINESS CENTER?
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 KANCHAN BUSINESS CENTER?
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 KANCHAN BUSINESS CENTER?
The professionals named in the filing: Architect: Nishant Prabhakar Patil; Engineer: Shah & 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 KANCHAN BUSINESS CENTER?
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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