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Completed No litigation declared Residential / Group Housing project

Kunal Aspiree Phase III

By Kunal Spaces Pvt Ltd

RG-MH-09315 · RERA P52100002540 · Last updated on MahaRERA portal: 22 Feb 2023

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
  • All 1 earlier projects delivered on promise

Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against the promoter's 2 other registrations and every project registered within 2 km.

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Jun 2022Possession promisedregistration recorded completed
11 of 11Construction stages doneevery applicable stage filed complete
0Complaints at MahaRERAon this registration
Jump to the 22 documents Report an error

Kunal Aspiree Phase III is a Residential / Group Housing project by Kunal Spaces Pvt Ltd in Pune, Maharashtra, registered with MahaRERA as P52100002540 on 1 Aug 2017. The registration is recorded completed; possession was promised by 30 Jun 2022.

At a glance

Project

  • NameKunal Aspiree Phase III
  • TypeResidential / Group Housing
  • Location
    • Bajirao S Balwadkar Road
    • balewadi
    • Baner
    • Haveli
    • Pune
    • 411045
  • Pincode411045
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P52100002540
  • ReraGenie IDRG-MH-09315

Builder

  • NameKunal Spaces Pvt Ltd
  • Entity typeCompany
  • Managing DirectorsHemendra Dahyabhai Shah, Ramesh Girdhardas Shah, Jitendra Sureshkumar Mehta
  • Other registrations2 more →
  • Completed3 of 3
  • Declared earlier projects1 →

Key dates

this monthRegisteredAug 2017PromisedJun 2022Recorded completed

Key facts

Registration and timeline

  • StatusCompleted
  • Registered on1 Aug 2017
  • Promised completion30 Jun 2022
  • Revised completionNone
  • Buildings1 building record
  • Documents filed22 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
wing ENA180000

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 22 Feb 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.

11 of 11 construction stages are filed complete.

wing E: 100% average across the applicable activities

ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor100%
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%

Progress on shared amenities15

As on 22 Feb 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 & FootpathsYes100%
Water SupplyYes100%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes100%
Storm Water DrainsYes100%
Landscaping & Tree PlantingYes100%
Street LightingYes100%
Community BuildingsYes0%
Treatment And Disposal Of Sewage And Sullage WaterYes100%
Solid Waste Management And DisposalYes100%
Water conservation /Rain water harvestingYes100%
Energy managemcntYes100%
Fire protection and fire safety requirementsYes100%
Electrical meter room, sub-station, receiving stationYes100%
Aggregate area of recreational Open SpaceYes100%
Open ParkingNoNot applicable

Parking filed128

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 slots128
Closed/Covered128

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.

Land area611 sq m
Land owned byThe promoter
Named landownersNone

Approvals and building plan

Permissible FSI7810.07
Proposed, not sanctioned7,810 sq m
Buildings approved1
Buildings sanctioned1

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 branchLaukik Apts, Grnd Flr , Plot no 3, CTS 870, 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
ArchitectAr. Avinash Nawathe
EngineerJW Consultants LLP
PartnerRole in project
Kunal Spaces Pvt Ltd-

Litigation declared3

CaseCourtStatus
564/2011/2011CJSD PuneMatter is posted for awaiting summons
759/2014/2014CJSD PuneMatter is posted for awaiting summons
1670/2017/2017CJSD PuneReply Say

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 1 Jan 2020
  2. Layout approvalOn the file

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

    uploaded 20 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 19 Jul 2017
  4. Commencement CertificateOn the file

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

    uploaded 19 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 4 Aug 2022

Documents filed22

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
Architect’s Certificate on Completion of Project (Form 4)File: Form 4.pdf22 Feb 2023
Other - FinanceFile: Form 4.pdf22 Feb 2023
Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC.pdf4 Aug 2022
Status of Formation of Legal Entity (Society/Co Op etc.)File: E.pdf4 Aug 2022
Copy of the legal title reportFile: TR1.pdf1 Jan 2020
Copy of the legal title reportFile: TR2.pdf1 Jan 2020
Copy of the legal title reportFile: SR3.pdf1 Jan 2020
Certificates of CA (Form 5)File: FORM 5_ ASP E.pdf5 Nov 2018
Copy of the legal title reportFile: Title Report.pdf28 Jul 2017
Certificates of CA (Form 3)File: CA - WITH ANNEX E.pdf28 Jul 2017
Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineer's Certificate_E_wing.pdf27 Jul 2017
Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: arch cert - aspiree iii0001.pdf26 Jul 2017
Details of encumbrancesFile: Encumberance.pdf24 Jul 2017
Declaration in FORM BFile: Aspiree phase 3 form B.pdf24 Jul 2017
Layout approvalFile: E BLDG.pdf20 Jul 2017
Copy of the legal title reportFile: Certificate of Title.pdf20 Jul 2017
Copy of Layout Approval (in case of layout)File: E BLDG.pdf20 Jul 2017
Proforma of Allotment letterFile: Allotment_Letter_Draft_Agreement_RERA_Aspiree_WingE.pdf20 Jul 2017
Building plan approvalFile: SANCTION DRAWING.pdf19 Jul 2017
PAN CardFile: pan card.pdf19 Jul 2017
Building Plan Approval (IOD)File: SANCTION DRAWING.pdf19 Jul 2017
Commencement Certificates / NA Order for plotted developmentFile: ASPIREE CC LAYOUT 2017.pdf19 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 on promise
ProjectLocationFlatsStatusPromisedDelivered
Kunal Aspiree Phase IIPlot no 45-50 near bharati vidyapeeth school Pune 45146CompletedDec 2018Jun 2018

How this compares with Pune

26%of Pune projects moved their completion datethis one has not
26%of Pune registrations have lapsed or been cancelledthis one is completed

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 balewadi13,700+ in Pune

2 kmKunal Aspiree Phase IIICompleted 129Lapsed / revoked 45Other 157Dot size: filed unitsN

Filed coordinates, straight-line distance. 331 registered projects within 2 km.

Builder: Kunal Spaces Pvt Ltd

Kunal Spaces Pvt Ltd has 3 registrations on MahaRERA, including Kunal Aspiree Phase II and Kunal Aspiree Phase III. Its filings disclose 1 earlier MahaRERA project: declares 1 of 1 past projects completed on time. Read the full track record. See more projects on the Pune district page.

Frequently asked questions

What are my rights if Kunal Aspiree Phase III is delayed beyond 30 Jun 2022?

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 Kunal Aspiree Phase III?

The registered promoter entity is Kunal Spaces Pvt Ltd, a company 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 Kunal Aspiree Phase III?

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 Kunal Aspiree Phase III?

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 Kunal Aspiree Phase III?

The professionals named in the filing: Architect: Ar. Avinash Nawathe; Engineer: JW Consultants LLP. 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 Kunal Aspiree Phase III?

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.

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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