Home / Browse projects / Raigarh, Maharashtra / KRICON PALACIA
KRICON PALACIA
RG-MH-86091 · RERA P52000045277 · Last updated on MahaRERA portal: 24 Apr 2026
Source: official MahaRERA filing
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Red flags
- Completion date moved by 27 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
2 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.
KRICON PALACIA is a Residential / Group Housing project by KRICON HOMES LLP in Raigarh, Maharashtra, registered with MahaRERA as P52000045277 on 10 May 2022. Possession is promised by 30 Jun 2028. The completion date has moved by 27 months from the original filing. 70 of the 194 units on this registration are recorded sold or booked, and 14 of 44 construction stages are filed complete.
At a glance
Project
- NameKRICON PALACIA
- TypeResidential / Group Housing
- Location
- GUT NO. 87/C
- KARADE KHURD
- PANVEL
- Karade Kh.
- Panvel
- Raigarh
- 410207
- Pincode410207
- RERA no.P52000045277
- ReraGenie IDRG-MH-86091
Builder
- NameKRICON HOMES LLP
- Entity typePartnership
- PartnersSHIVNARAYAN RAMSAMUJH YADAV, NILESH NARAYAN PATEL, GOVIND PREMJI BARVADIYA, DILIP PARSHURAM VICHARE, MANABHAI LADHABHAI PATEL
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on10 May 2022
- Promised completion30 Jun 2028
- Revised completionRevised to 30 Jun 2028 (originally 31 Mar 2026)
- Buildings4 building records
- Documents filed67 files
Current status
Figures as on 24 Apr 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| KRICON PALACIA A-WING | NA | 9 | 7 | 42 | 7 | 49 |
| KRICON PALACIA B-WING | NA | 9 | 7 | 42 | 12 | 54 |
| KRICON PALACIA C-WING | NA | 9 | 7 | 42 | 7 | 49 |
| KRICON PALACIA D-WING | NA | 9 | 7 | 42 | 0 | 42 |
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 building4
As on 24 Apr 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.
14 of 44 construction stages are filed complete across 4 buildings. The stage furthest along is Podiums (if any), at 0%.
KRICON PALACIA A-WING64%
| 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 | 0% |
| 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. | 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% |
KRICON PALACIA B-WING64%
| 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 | 0% |
| 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. | 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% |
KRICON PALACIA C-WING0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| 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% |
KRICON PALACIA D-WING0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| 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 24 Apr 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 | No | Not applicable |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| 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 | 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 | Yes | 0% |
Parking filed63
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.
| Building | Closed/Covered | Open Space | Total |
|---|---|---|---|
| KRICON PALACIA A-WING | 5 | 12 | 17 |
| KRICON PALACIA B-WING | 4 | 7 | 11 |
| KRICON PALACIA C-WING | 8 | 8 | 16 |
| KRICON PALACIA D-WING | 12 | 7 | 19 |
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 |
|---|---|---|---|
| KRICON PALACIA B-WING | NA | Rs 3.27 cr | Rs 2.56 cr |
| KRICON PALACIA C-WING | NA | Rs 3.27 cr | Rs 27.19 lakh |
| KRICON PALACIA D-WING | NA | Rs 3.08 cr | Rs 25.60 lakh |
| - | NA | Rs 1.20 cr | - |
| KRICON PALACIA A-WING | NA | Rs 32.25 lakh | Rs 2.56 cr |
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 | DESTINATION ARCHITECTURE INTERIOR DESIGNS |
| Engineer | AGHARKAR CONSULTANTS |
| Chartered Accountant | D G PATEL & ASSOCIATES |
| Partner | Role in project |
|---|---|
| KRICON HOMES LLP | - |
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 promoterDue to delays caused by material shortages, labor shortages, and insufficient funding, the project has been delayed. However, with the funding now available, we kindly request an extension until 30/06/2028 to complete the project
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 28 Apr 2022 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 28 Apr 2022 - 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 Apr 2022 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 28 Apr 2022Confirm 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 Jun 2028
Documents filed67
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 |
|---|---|
| Withdrawal Update Form 1File: Form 1 - mar 26.pdf | 24 Apr 2026 |
| Withdrawal Update Form 2File: Form 2 .pdf | 24 Apr 2026 |
| Withdrawal Update Form 3File: form 3.pdf | 24 Apr 2026 |
| Form 1File: form 1.pdf | 11 Apr 2026 |
| Form 2File: FORM 2 MARCH 25_page-0001.pdf | 11 Apr 2026 |
| Form 3File: FORM 3 - MARCH 25.pdf | 11 Apr 2026 |
| Disclosure of Sold and Booked InventoryFile: March - 25.pdf | 11 Apr 2026 |
| Form 1File: JUN 25.pdf | 11 Apr 2026 |
| Form 2File: FORM 2 JUNE 25_page-0001.pdf | 11 Apr 2026 |
| Form 3File: FORM 3 - JUNE 25.pdf | 11 Apr 2026 |
| Disclosure of Sold and Booked InventoryFile: Sold - Unsold Unit Jun 25.pdf | 11 Apr 2026 |
| Form 1File: form 1.pdf | 11 Apr 2026 |
| Form 2File: FORM 2 SPET 25_page-0001.pdf | 11 Apr 2026 |
| Form 3File: FORM 3 - SEPT 25.pdf | 11 Apr 2026 |
| Disclosure of Sold and Booked InventoryFile: Sold - Unsold Unit Sept 25.pdf | 11 Apr 2026 |
| Form 1File: F1.pdf | 11 Apr 2026 |
| Form 2File: FORM 2.pdf | 11 Apr 2026 |
| Form 3File: FORM 3.pdf | 11 Apr 2026 |
| Disclosure of Sold and Booked InventoryFile: SOLD UNSOLD.pdf | 11 Apr 2026 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3.pdf | 19 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 PALACIA june 24.pdf | 24 Feb 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 PALACIA sep 24.pdf | 24 Feb 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 PALACIA dec 24.pdf | 24 Feb 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3.pdf | 24 Feb 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3.pdf | 24 Feb 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3.pdf | 24 Feb 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 PALACIA jun 24.pdf | 24 Feb 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 PALACIA sep 24.pdf | 24 Feb 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 PALACIA Dec 24.pdf | 24 Feb 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 PALACIA march 24.pdf | 22 Feb 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 PALACIA march 24.pdf | 22 Feb 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Kricon Homes LLP Form 5 FY 2023-24.pdf | 23 Nov 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 31Dec23.pdf | 29 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Dec 23.pdf | 12 Mar 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Dec 23.pdf | 12 Mar 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 - PALACIA.pdf | 22 Nov 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5-FY 22-23-kricon palacia.pdf | 22 Nov 2023 |
| Details of encumbrances concerned to FinanceFile: Encumbrance certificate.pdf | 17 Aug 2023 |
| Details of encumbrances concerned to LegalFile: Encumbrance certificate.pdf | 17 Aug 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 - PALACIA.pdf | 17 Aug 2023 |
| Proforma of Agreement for saleFile: NEW DRAFT PALACIA.pdf | 17 Aug 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate.pdf | 16 Aug 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate1.pdf | 16 Aug 2023 |
| CERSAI detailsFile: CERSAI_Search_Report_200236249348_For_Asset_Based_Search_29_04_2022_12_02_31_582.pdf | 29 Apr 2022 |
| OtherFile: CREDAI Certificate.pdf | 29 Apr 2022 |
| Building plan approvalFile: C WING (1).pdf | 28 Apr 2022 |
| Building plan approvalFile: D WING (1).pdf | 28 Apr 2022 |
| Layout approvalFile: 1BUILDING LAYOUT PLAN (4).pdf | 28 Apr 2022 |
| Building plan approvalFile: A WING (1).pdf | 28 Apr 2022 |
| Building plan approvalFile: B WING (1).pdf | 28 Apr 2022 |
| PAN CardFile: Kricon Homes LLP PAN.pdf | 28 Apr 2022 |
| Copy of the legal title reportFile: Title Report.pdf | 28 Apr 2022 |
| Details of encumbrancesFile: Encumbrance Certificate - RERA.pdf | 28 Apr 2022 |
| Copy of Layout Approval (in case of layout)File: 1BUILDING LAYOUT PLAN (4).pdf | 28 Apr 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: A WING (1).pdf | 28 Apr 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: B WING (1).pdf | 28 Apr 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: C WING (1).pdf | 28 Apr 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: D WING (1).pdf | 28 Apr 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate-1.pdf | 28 Apr 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate-2.pdf | 28 Apr 2022 |
| Declaration about Commencement CertificateFile: Form D Revised.pdf | 28 Apr 2022 |
| Declaration in FORM BFile: FORM B NOTARISED.pdf | 28 Apr 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 ARCHITACT-compressed.pdf | 28 Apr 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate.pdf | 28 Apr 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate - Form 3.pdf | 28 Apr 2022 |
| Proforma of Allotment letterFile: DRAFT AGREEMENT SALE PALACIA.pdf | 28 Apr 2022 |
| Proforma of Allotment letterFile: ALLOTMENT LETTER - PALACIA.pdf | 28 Apr 2022 |
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 2 conditions on this project's record read and explained, with the clear checks alongside
- All 67 filed documents as one ZIP, foldered, with a manifest
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Project watch
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- Plain words, conditions that have happened marked in red
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Builder: KRICON HOMES LLP
KRICON HOMES LLP has 1 registration on MahaRERA, including KRICON PALACIA. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Raigarh district page.
Frequently asked questions
What are my rights if KRICON PALACIA is delayed beyond 30 Jun 2028?
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 KRICON PALACIA?
The registered promoter entity is KRICON HOMES LLP, 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 KRICON PALACIA?
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 KRICON PALACIA?
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 KRICON PALACIA?
The professionals named in the filing: Architect: DESTINATION ARCHITECTURE INTERIOR DESIGNS; Engineer: AGHARKAR CONSULTANTS; Chartered Accountant: D G PATEL & 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 KRICON PALACIA?
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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