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Registration lapsed No litigation declared Others project

KARAN CLARISSA

By ISHAN ASSOCIATES

RG-MH-11742 · RERA P52100004043 · Last updated on MahaRERA portal: 28 Jul 2023

Source: official MahaRERA filing

Red flags

  • Registration lapsed
  • Possession 40 months past the filed date
  • Completion date moved by 42 months
  • 1 extension taken

Clear

  • No litigation declared
  • No complaints on record
  • Separate project account declared
  • Allotment letter follows the model form

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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Jun 2023Possession promised40 months past this date
17 of 22Construction stages doneacross 2 buildings; furthest along: Staircases, 98%
0Complaints at MahaRERAon this registration
Jump to the 37 documents Report an error

KARAN CLARISSA is a Others project by ISHAN ASSOCIATES in Pune, Maharashtra, registered with MahaRERA as P52100004043 on 7 Aug 2017. Possession was promised by 30 Jun 2023 and is now 40 months past that date. The completion date has moved by 42 months from the original filing.

At a glance

Project

  • NameKARAN CLARISSA
  • TypeOthers
  • Location
    • WARJE-SHIVANE ROAD
    • WARJE MAIN SQUARE
    • Warje
    • Haveli
    • Pune
    • 411058
  • Pincode411058
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P52100004043
  • ReraGenie IDRG-MH-11742

Builder

  • NameISHAN ASSOCIATES
  • Entity typePartnership
  • PartnersDEEPALI POPATRAO WAGHMARE, KALYAN BABURAO TAWARE
  • Declared earlier projects1 →

Key dates

40 months past promisethis monthRegisteredAug 2017First promiseDec 2019Revised toJun 2023

Key facts

Registration and timeline

  • StatusRegistration lapsed
  • Registered on7 Aug 2017
  • Promised completion30 Jun 2023
  • Revised completionRevised to 30 Jun 2023 (originally 31 Dec 2019)
  • Buildings2 building records
  • Documents filed37 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
B WINGNA180000
C WINGNA40000

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 28 Jul 2023, 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.

17 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Staircases, at 98%.

B WING91%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor0%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises100%
Sanitary Fittings within the flats / premises100%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks100%
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%
C WING79%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)0%
Plinth100%
Stilt Floor0%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises100%
Sanitary Fittings within the flats / premises100%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks98%
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.70%

Progress on shared amenities15

As on 28 Jul 2023, 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 & FootpathsYes95%
Water SupplyYes100%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes90%
Storm Water DrainsYes90%
Landscaping & Tree PlantingYes70%
Street LightingYes90%
Community BuildingsYes60%
Treatment And Disposal Of Sewage And Sullage WaterYes60%
Solid Waste Management And DisposalYes70%
Water conservation /Rain water harvestingYes100%
Energy managemcntYes70%
Fire protection and fire safety requirementsYes60%
Electrical meter room, sub-station, receiving stationYes95%
Aggregate area of recreational Open SpaceYes100%
Open ParkingYes100%

Parking filed93

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 slots93
Closed/Covered71
Open Space22
BuildingClosed/CoveredOpen SpaceTotal
B WING711081
C WING01212

Land and ownership1

MahaRERA does not publish landowner contact details. MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.

Land area2,951 sq m
Land owned byThe promoter, with other names on the file
Named landowners1
LandownerVillageDistrict
BABASO NAMDEO BARATEWarjePune

Approvals and building plan

Permissible FSI6549.97
Proposed, not sanctioned6,299 sq m
Buildings approved2
Buildings sanctioned2

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 branchABHYUDAYA APARTMENTS, BHANDARKAR ROAD, PUNE 411004

Certifying professionals and partners2

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

RoleName
ArchitectPRAKASH KULKARNI
EngineerG A BHILARE ASSOCIATES
PartnerRole in project
ISHAN ASSOCIATES-

Extensions applied for1

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

EXT52100011027Dec 2019 → Dec 2022

Reason as filed by the promoterWe being the promoter completed construction of both wings in the project and obtained Part Occupation Certificate no. OCC/1418/18 (Printed no.1852) dated 08/02/2019 and OCC/0688/20 Dated 11/01/2021 (both certificates uploaded to Maharera project account) accordingly handover the possession of units to unitholders. Due to one technical reason of delay in completion of Proposed Ramp between Wing B and Wing A (which is the proposed wing yet to be started) we are facing issues to obtain a Full Occupation Certificate of the said Project. Due to delay in execution of necessary deeds from landowners

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.

  1. Legal title reportOn the file

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

    uploaded 26 Jul 2017
  2. Layout approvalOn the file

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

    uploaded 27 Jul 2017
  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 27 Jul 2017
  4. Commencement CertificateOn the file

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

    uploaded 27 Jul 2017Confirm the Commencement Certificate covers the specific floor you are buying.
  5. 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 3 Aug 2021

Documents filed37

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.

DocumentUploaded
Declaration in FORM BFile: FORM B KARAN CLARISSA.pdf28 Jul 2023
Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: FORM 2 A CLARISSA.pdf28 Jul 2023
Disclosure of sold/ booked inventoryFile: SOLD UNSOLD B WING - KARAN CLARISSA.pdf28 Jul 2023
Disclosure of sold/ booked inventoryFile: SOLD UNSOLD C WING - KARAN CLARISSA.pdf28 Jul 2023
Details of encumbrances concerned to FinanceFile: DECLARATION ABOUT LEGAL ENCUMBRANCE_Clarissa.pdf20 Jan 2023
Details of encumbrances concerned to LegalFile: DECLARATION ABOUT LEGAL ENCUMBRANCE_Clarissa.pdf20 Jan 2023
Disclosure of sold/ booked inventoryFile: DISCLOSURE OF SOLD BOOKED INVENTORY_Clarissa.pdf20 Jan 2023
Certificates of CA (Form 3)File: Form 3 Ishan Associates December 2022_Clarissa.pdf20 Jan 2023
Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form 5_CA Certificate Clarissa.pdf20 Oct 2022
Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Quality Assurance Certificate_Q2_Oct 2021_Karan Clarissa.pdf26 Nov 2021
Declaration about Commencement CertificateFile: FORM D_DECLARATION OF CC.pdf18 Nov 2021
Disclosure of sold/ booked inventoryFile: DISCLOSURE OF SOLD BOOKED INVENTARY_KARAN CLARISSA.pdf18 Nov 2021
Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: FORM 5 2018-19.PDF18 Nov 2021
Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: FORM 5 2019-20.PDF18 Nov 2021
Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: FORM 5 2020-21.PDF18 Nov 2021
Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: C WING PART COMPLETION.pdf3 Aug 2021
Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OCCUPATION CERTIFICATE PART CLARISSA.pdf10 Feb 2021
Engineers Certificate on Quality Assurance (Form 2A)File: form 2A rera B wing - yogesh - project e-20190824182851 (1).pdf31 Aug 2019
Engineers Certificate on Quality Assurance (Form 2A)File: form 2A rera B wing - yogesh - project e-20190824182851 (1).pdf31 Aug 2019
OtherFile: Clarissa Completion Certificate.pdf27 Mar 2019
Status of Formation of Legal Entity (Society/Co Op etc.)File: Society Formation Letter CLARISSA B WING.pdf7 Jan 2019
OtherFile: dealay in receiving part completion certificate karan clarissa.pdf7 Jan 2019
Certificates of CA (Form 5)File: Form 5 for Clarissa.pdf25 Dec 2018
Declaration in FORM BFile: FORM B Promoters.pdf29 Jul 2017
Declaration in FORM BFile: FORM B Owners.pdf29 Jul 2017
Proforma of Allotment letterFile: Booking Agreement Karan Clarissa RERA Draft.pdf29 Jul 2017
Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineers Certificate.pdf28 Jul 2017
Layout approvalFile: clarissa sanction Layout plan 2017.pdf27 Jul 2017
Building plan approvalFile: clarissa sanction Layout plan 2017.pdf27 Jul 2017
Details of encumbrancesFile: INDEX OF MORTGAGE DEED.pdf27 Jul 2017
Copy of Layout Approval (in case of layout)File: clarissa sanction Layout plan 2017.pdf27 Jul 2017
Building Plan Approval (IOD)File: clarissa sanction Layout plan 2017.pdf27 Jul 2017
Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate Revised 02-02-2017.pdf27 Jul 2017
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE WARJE CLARISSA.pdf27 Jul 2017
Certificates of CA (Form 3)File: CA CERTIFICATE RERA-compressed.pdf27 Jul 2017
PAN CardFile: ISHAN ASSOCIATES -PAN CARD.pdf26 Jul 2017
Copy of the legal title reportFile: compresspdf_Search Title Report_Warje.pdf26 Jul 2017

Promoter's earlier projects1

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.

1 delivered late
ProjectLocationFlatsStatusPromisedDelivered
BELLAVISTASurvey No. 75 Hissa No. 1 and 2 Pune Solapur Road Behind Krushi Utpanna Bazar Samiti Manjri Budruk Pune145CompletedJan 2014Late, May 2015

How this compares with Pune

26%of Pune projects moved their completion datethis one moved by 42 months
26%of Pune registrations have lapsed or been cancelledthis one is among them

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.

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How alerts work

Other projects near WARJE MAIN SQUARE13,700+ in Pune

2 kmKARAN CLARISSACompleted 55Lapsed / revoked 32Other 98Dot size: filed unitsN

Filed coordinates, straight-line distance. 185 registered projects within 2 km.

Builder: ISHAN ASSOCIATES

ISHAN ASSOCIATES has 1 registration on MahaRERA, including KARAN CLARISSA. Its filings disclose 1 earlier MahaRERA project: declares 0 of 1 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 KARAN CLARISSA 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 KARAN CLARISSA is delayed beyond 30 Jun 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 KARAN CLARISSA?

The registered promoter entity is ISHAN ASSOCIATES, 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 KARAN CLARISSA?

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 KARAN CLARISSA?

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 KARAN CLARISSA?

The professionals named in the filing: Architect: PRAKASH KULKARNI; Engineer: G A BHILARE 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 KARAN CLARISSA?

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.

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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