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KBC Tower Karvenagar Business Complex
RG-MH-22238 · RERA P52100030700 · Last updated on MahaRERA portal: 28 Jan 2025
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 20 months past the filed date
- Completion date moved by 24 months
- 2 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
- All 1 earlier projects delivered on promise
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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KBC Tower Karvenagar Business Complex is a Commercial project by M/s Shri Sairaj Associates in Pune, Maharashtra, registered with MahaRERA as P52100030700 on 8 Sep 2021. Possession was promised by 28 Feb 2025 and is now 20 months past that date. The completion date has moved by 24 months from the original filing. 4 of the 30 units on this registration are recorded sold or booked, and 11 of 11 construction stages are filed complete.
At a glance
Project
- NameKBC Tower Karvenagar Business Complex
- TypeCommercial
- Location
- Near K52
- Near Sahwas Society K52
- Karve Nagar
- Haveli
- Pune
- 411052
- Pincode411052
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100030700
- ReraGenie IDRG-MH-22238
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on8 Sep 2021
- Promised completion28 Feb 2025
- Revised completionRevised to 28 Feb 2025 (originally 28 Feb 2023)
- Buildings1 building record
- Documents filed41 files
Current status
Figures as on 28 Jan 2025, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| KBC Tower | NA | 8 | 7 | 0 | 30 | 30 |
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 Jan 2025, 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.
11 of 11 construction stages are filed complete.
KBC Tower: 100% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| 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 Jan 2025, 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 | No | Not applicable |
| 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 | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | No | Not applicable |
| Aggregate area of recreational Open Space | Yes | 100% |
| 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 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.
| Landowner | Village | District |
|---|---|---|
| Shrikrushna V Vinchurkar | Karve Nagar | Pune |
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 partners6
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | VKa Architecture |
| Engineer | Anil Rathod |
| Engineer | SK Consultants & Engineers |
| Chartered Accountant | Wagh Kulkarni Associates |
| Chartered Accountant | Rutuja Narsingh & Associates |
| Chartered Accountant | CA Rutuja Narsingh & Associates |
| Partner | Role in project |
|---|---|
| M/s Shri Sairaj Associates | - |
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 promoterIn accordance with circular no 28, we hereby apply for extension of our project u/s 7(3) in Format B. The project was delayed for reasons beyond our control on account of various reasons and more particularly on account of the pandemic of Covid-19. We have consent of 100% allottees for purpose of extension of RERA registration period of the said project.
Reason as filed by the promoterIn accordance with circular no 28, we hereby apply for extension of our project u/s 6 in Format B. The project was delayed for reasons beyond our control on account of various reasons and more particularly on account of the pandemic of Covid-19.
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 31 Aug 2021 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 23 Aug 2021 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 28 Jan 2025 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 28 Jan 2025Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on 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.
Documents filed41
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 |
|---|---|
| Building plan approvalFile: Final Sanction Plan (1)_11zon.pdf | 28 Jan 2025 |
| Commencement Certificates / NA Order for plotted developmentFile: Final Commencement.pdf | 28 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Final Sanction Plan (1)_11zon.pdf | 28 Jan 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Kbc.pdf | 15 Feb 2024 |
| Disclosure of sold/ booked inventoryFile: CIRCULAR 29 Updated.pdf | 15 Feb 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 KBC 31-12-23.pdf | 14 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 KBC 31-12-23_11zon.pdf | 14 Feb 2024 |
| Declaration in FORM BFile: FORM B.pdf | 10 Feb 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: Form 2A 21-22 - 09-02-2024.pdf | 10 Feb 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: FORM 5 21-22.pdf | 10 Feb 2024 |
| CERSAI detailsFile: DECLARATION of Cersai.pdf | 9 Feb 2024 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A Merged.pdf | 9 Feb 2024 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Format A - Seperate Bank Account Details.pdf | 9 Feb 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 KBC TOWER10012024_11zon.pdf | 10 Jan 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Form 2A (2022-23).pdf | 10 Jan 2024 |
| Disclosure of sold/ booked inventoryFile: CIRCULAR 29 (30-09-2023).pdf | 10 Jan 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 KBC TOWER10012024_11zon.pdf | 10 Jan 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: FORM 5 KBC TOWER10012024_11zon.pdf | 10 Jan 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2- KBC Tower - December 2022.pdf | 10 Apr 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: Form 2A.pdf | 10 Apr 2023 |
| Disclosure of sold/ booked inventoryFile: CIRCULAR 29 Format.PDF | 10 Apr 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3- KBC Tower as on December 2022.pdf | 10 Apr 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form 5- KBC Tower as on 2021-22.pdf | 30 Mar 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: KBC F build Architect Certificate.pdf | 15 Jun 2022 |
| Copy of the legal title reportFile: Search Report F Building Sairaj.pdf | 31 Aug 2021 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 F Building (2).pdf | 30 Aug 2021 |
| Layout approvalFile: DWG 1.pdf | 23 Aug 2021 |
| Building plan approvalFile: DWG 2.pdf | 23 Aug 2021 |
| Building plan approvalFile: DWG 3.pdf | 23 Aug 2021 |
| PAN CardFile: PAN Card.pdf | 23 Aug 2021 |
| Details of encumbrancesFile: Details of encumbrances.pdf | 23 Aug 2021 |
| Copy of Layout Approval (in case of layout)File: DWG 1.pdf | 23 Aug 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: DWG 2.pdf | 23 Aug 2021 |
| Building Plan Approval / NA Order for plotted developmentFile: DWG 3.pdf | 23 Aug 2021 |
| Commencement Certificates / NA Order for plotted developmentFile: CC1.pdf | 23 Aug 2021 |
| Declaration about Commencement CertificateFile: Declaration about Commencement Certificate.pdf | 23 Aug 2021 |
| Declaration in FORM BFile: Declaration in FORM B.pdf | 23 Aug 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Arch First.pdf | 23 Aug 2021 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form2 EngCertificate - Costing.pdf | 23 Aug 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form2A EngCertificate-QUALITY.pdf | 23 Aug 2021 |
| Proforma of Allotment letterFile: Proforma of the allotment letter and agreement for sale.pdf | 23 Aug 2021 |
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.
| Project | Location | Flats | Status | Promised | Delivered |
|---|---|---|---|---|---|
| K52 | M Karvenagar Near Potnis Parisar | 76 | Completed | Apr 2021 | Feb 2020 |
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How this compares with Pune
Computed across the 13,700+ Pune projects on ReraGenie, from their own filings.
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 4 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 1 other registration and every project registered within 2 km, which the RERA portal never shows together
- All 41 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
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Builder: M/s Shri Sairaj Associates
M/S Shri Sairaj Associates has 2 registrations on MahaRERA, including K52 Building A and KBC Tower Karvenagar Business Complex. Its filings disclose 2 earlier MahaRERA projects: declares 2 of 2 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 KBC Tower Karvenagar Business Complex 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 KBC Tower Karvenagar Business Complex is delayed beyond 28 Feb 2025?
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 KBC Tower Karvenagar Business Complex?
The registered promoter entity is M/s Shri Sairaj 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 KBC Tower Karvenagar Business Complex?
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 KBC Tower Karvenagar Business Complex?
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 KBC Tower Karvenagar Business Complex?
The professionals named in the filing: Architect: VKa Architecture; Engineer: Anil Rathod; Engineer: SK Consultants & Engineers; Chartered Accountant: Wagh Kulkarni Associates; Chartered Accountant: Rutuja Narsingh & Associates; Chartered Accountant: CA Rutuja Narsingh & 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 KBC Tower Karvenagar Business Complex?
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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