Home / Browse projects / Ratnagiri, Maharashtra / MAGNUM PINE
MAGNUM PINE
RG-MH-68260 · RERA P52800012847 · Last updated on MahaRERA portal: 14 Mar 2020
Source: official MahaRERA filing
Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
At a glance
Project
- NameMAGNUM PINE
- TypeResidential / Group Housing
- Location
- Ratnagiri (M Cl)
- Ratnagiri
- 415612
- Pincode415612
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52800012847
- ReraGenie IDRG-MH-68260
Builder
- NameNISAR HASSAN WAGLE
- Entity typeIndividual
- Track record1 past project →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on7 Sep 2017
- Promised completion30 Jul 2018
- Revised completionRevised to 30 Jul 2018 (originally 31 Mar 2018)
- Buildings1 building record
- Documents filed16 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Magnum pine | NA | 9 | 0 | 0 | 0 | 0 |
These details are filed with MahaRERA and packaged in the Rs 499 buyer report. Create a free account to preview, or read the full report for the verdict.
Builder: NISAR HASSAN WAGLE
NISAR HASSAN WAGLE has 4 registrations in this build, including MAGNUM PINE and MAGNUMS ZAINAB RESIDENCY. Its filings disclose 1 earlier MahaRERA project: 1 of 1 past projects completed on time. Read the full track record. See more projects on the Ratnagiri district page.
Frequently asked questions
What are my rights if MAGNUM PINE is delayed beyond 30 Jul 2018?
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 MAGNUM PINE?
The registered promoter entity is NISAR HASSAN WAGLE, an individual as per the filing. The filing discloses no 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, all downloadable free from this page with a login.
Is my payment protected in MAGNUM PINE?
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.
Who certifies construction progress at MAGNUM PINE?
The professionals named in the filing: Architect: SHIRISH GHORPADE. 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 MAGNUM PINE?
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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