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KORGAONKAR PARK
RG-MH-16995 · RERA P53000027466 · Last updated on MahaRERA portal: 28 Feb 2024
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 28 months past the filed date
- Completion date moved by 24 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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KORGAONKAR PARK is a Residential / Group Housing project by INDUMATI CONSTRUCTIONS in Kolhapur, Maharashtra, registered with MahaRERA as P53000027466 on 11 Dec 2020. Possession was promised by 30 Jun 2024 and is now 28 months past that date. The completion date has moved by 24 months from the original filing.
At a glance
Project
- NameKORGAONKAR PARK
- TypeResidential / Group Housing
- Location
- Gadhinglaj
- Gadhinglaj (M Cl)
- Kolhapur
- 416501
- Pincode416501
- RERA no.P53000027466
- ReraGenie IDRG-MH-16995
Builder
- NameINDUMATI CONSTRUCTIONS
- Entity typePartnership
- PartnerPravita Shashikant Jadhav
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on11 Dec 2020
- Promised completion30 Jun 2024
- Revised completionRevised to 30 Jun 2024 (originally 30 Jun 2022)
- Buildings1 building record
- Documents filed35 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| KORGAONKAR PARK - Wing D | NA | 5 | 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 Feb 2024, 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.
3 of 11 construction stages are filed complete. The stage furthest along is External plumbing and external plaster, at 95%.
KORGAONKAR PARK - Wing D: 70% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 92% |
| Sanitary Fittings within the flats / premises | 92% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 91% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 95% |
| 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. | 95% |
Progress on shared amenities15
As on 28 Feb 2024, 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 | Yes | 100% |
| Landscaping & Tree Planting | Yes | 0% |
| 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 | 0% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed4
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 ownership2
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 |
|---|---|---|
| Shri Anilpant Prabhakar Korgaonkar | Kolhapur (M Corp.) | Kolhapur |
| Sou Sucheta Anilpant Korgaonkar | Kolhapur (M Corp.) | Kolhapur |
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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Sachidanand s Chougule |
| Engineer | Shree Developers through Satish Banne |
| Chartered Accountant | Manoj Adake co |
| Partner | Role in project |
|---|---|
| INDUMATI CONSTRUCTIONS | - |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterWe have not completed our Project in within time limit . So we have require for further extension for up to date 31/03/2024.
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 3 Dec 2020 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 3 Dec 2020 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 3 Dec 2020 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 3 Dec 2020Confirm 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 filed35
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 |
|---|---|
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1 sept 23.pdf | 28 Feb 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1 dec 23.pdf | 28 Feb 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 sept 23.pdf | 28 Feb 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 engineer certificate - dec 23.pdf | 28 Feb 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: 1 Engineers Certificate on Quality Assurance (Form 2A FY 2021-22) (1).pdf | 28 Feb 2024 |
| Disclosure of sold/ booked inventoryFile: sold inventory - sept 2023.pdf | 28 Feb 2024 |
| Disclosure of sold/ booked inventoryFile: sold inventory dec 2023.pdf | 28 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 sept - 23.pdf | 28 Feb 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 c a certificate - dec-23.pdf | 28 Feb 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: form 5_2022-23.pdf | 28 Feb 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: Form 2A -March 202304152023.pdf | 15 Apr 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Indumati construction03292023.pdf | 15 Apr 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form 5 20-21 04152023.pdf | 15 Apr 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Indumati construction03292023.pdf | 30 Mar 2023 |
| Disclosure of sold/ booked inventoryFile: Sold unsold inventory Indumati construction03292023.pdf | 30 Mar 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form 5 Indumati construction03292023.pdf | 30 Mar 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form 5 Indumati construction03292023.pdf | 30 Mar 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf | 24 Aug 2021 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf | 24 Aug 2021 |
| Disclosure of sold/ booked inventoryFile: Discolsure_of_Sold___Booked_Inventory.pdf | 24 Aug 2021 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf | 24 Aug 2021 |
| Declaration in FORM BFile: Form B Indumati Construction12082020.pdf | 8 Dec 2020 |
| Layout approvalFile: Layout Plan.pdf | 3 Dec 2020 |
| Building plan approvalFile: Building Sanctioned Plan.pdf | 3 Dec 2020 |
| PAN CardFile: Indumati Construction PAN12032020.pdf | 3 Dec 2020 |
| Copy of the legal title reportFile: Search Report12032020.pdf | 3 Dec 2020 |
| Details of encumbrancesFile: Encumbrances Certificate12032020.pdf | 3 Dec 2020 |
| Copy of Layout Approval (in case of layout)File: Layout Plan.pdf | 3 Dec 2020 |
| Building Plan Approval / NA Order for plotted developmentFile: Building Sanctioned Plan.pdf | 3 Dec 2020 |
| Commencement Certificates / NA Order for plotted developmentFile: Comencement Certificate12032020 (1).pdf | 3 Dec 2020 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Archirect Certificate12032020.pdf | 3 Dec 2020 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineert Certificate12032020.pdf | 3 Dec 2020 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA certificate.pdf | 3 Dec 2020 |
| Proforma of Allotment letterFile: agreement to sale.pdf | 3 Dec 2020 |
| Proforma of Allotment letterFile: Allotment Letter.pdf | 3 Dec 2020 |
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Builder: INDUMATI CONSTRUCTIONS
INDUMATI CONSTRUCTIONS has 1 registration on MahaRERA, including KORGAONKAR PARK. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Kolhapur district page.
Frequently asked questions
What does it mean that KORGAONKAR PARK 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 KORGAONKAR PARK 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 KORGAONKAR PARK?
The registered promoter entity is INDUMATI CONSTRUCTIONS, 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 KORGAONKAR PARK?
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 KORGAONKAR PARK?
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 KORGAONKAR PARK?
The professionals named in the filing: Architect: Sachidanand s Chougule; Engineer: Shree Developers through Satish Banne; Chartered Accountant: Manoj Adake 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 KORGAONKAR PARK?
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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