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MANTRA INSIGNIA COMMERCIAL PHASE 2
RG-MH-10326 · RERA P52100003056 · Last updated on MahaRERA portal: 10 Oct 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
Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against the promoter's 4 other registrations and every project registered within 2 km.
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MANTRA INSIGNIA COMMERCIAL PHASE 2 is a Commercial project by MANTRA INSIGNIA LLP in Pune, Maharashtra, registered with MahaRERA as P52100003056 on 4 Aug 2017. The registration is recorded completed; possession was promised by 30 Dec 2021.
At a glance
Project
- NameMANTRA INSIGNIA COMMERCIAL PHASE 2
- TypeCommercial
- Location
- KESHAVNAGAR
- Keshavnagar-Mundwa
- Pune City
- Pune
- 411036
- Pincode411036
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100003056
- ReraGenie IDRG-MH-10326
Builder
- NameMANTRA INSIGNIA LLP
- Entity typePartnership
- PartnersMANTRA PROPERTIES AND DEVELOPERS PRIVATE LIMITED THROUGH ITS DIRECTOR ROHIT GHANSHYAM GUPTA, ASHISH SATISH GUPTA
- Other registrations4 more →
- Completed5 of 5
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on4 Aug 2017
- Promised completion30 Dec 2021
- Revised completionNone
- Buildings2 building records
- Documents filed44 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| MANTRA COMMERCIAL C | NA | 2 | 0 | 0 | 0 | 0 |
| MANTRA INSIGNIA COMMERCIAL D | NA | 2 | 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 building2
As on 10 Oct 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.
22 of 22 construction stages are filed complete across 2 buildings.
MANTRA COMMERCIAL C100%
| 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% |
MANTRA INSIGNIA COMMERCIAL D100%
| 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 10 Oct 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 facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | Yes | 100% |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | Yes | 100% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 100% |
| Solid Waste Management And Disposal | Yes | 100% |
| 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 | Yes | 100% |
| Aggregate area of recreational Open Space | Yes | 100% |
| Open Parking | Yes | 100% |
Land and ownership8
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 |
|---|---|---|
| MATOSHREE MALKAI CO OPERATIVE SOCIETY | Mundhawa | Pune |
| PRATIBHATAI CO OPERATIVE SOCIETY LTD | Pune (M Corp.) | Pune |
| ASHOK SHIVAJIRAO BHOSALE | Mundhawa | Pune |
| KASHINATH SHIVAJIRAO BHOSALE | Mundhawa | Pune |
| BHALCHANDRA SHIVAJIRAO BHOSALE | Mundhawa | Pune |
| SUNITA VITTHAL JADHAV | Pimpale Gurav | Pune |
| SULOCHANA DAGADU JADHAV | Mundhawa | Pune |
| VAIJYANTA SHIVAJIRAO BHOSALE | - | 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 partners1
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | MITESH SIDHPURA |
| Partner | Role in project |
|---|---|
| MANTRA INSIGNIA LLP | - |
Litigation declared1
| Case | Court | Status |
|---|---|---|
| 1/2017/2017 | SDO PUNE CITY | Appeal is Pending |
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 20 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 20 Jul 2017 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 20 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 20 Jul 2017Confirm the Commencement Certificate covers the specific floor you are buying. - 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 13 Jul 2020
Documents filed44
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 |
|---|---|
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Mantra Insignia_Phase 2 Comm_FORM 5_20-21.pdf | 10 Oct 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: mantra insignia commercial phase -2 form 5 19-20.pdf | 11 Sep 2023 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4 Comm Ph 2 C D Wing.pdf | 1 Jun 2023 |
| CERSAI detailsFile: CERSAI Search Report Mantra Insignia.pdf | 18 May 2023 |
| Details of encumbrancesFile: Insignia_Phase 2 Commercial_Finance encumbrances.pdf | 15 May 2023 |
| Status of ConveyanceFile: Conveyance Deed Letter Insignia Comm Ph 2.pdf | 23 Mar 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Declaration Ph 2 Comm.pdf | 21 Mar 2023 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: MANTRA INSIGNIA COMM PH 2.pdf | 20 Mar 2023 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4 Comm Ph 2 C D Wing.pdf | 4 Mar 2023 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Arch certificate_phase 2.pdf | 7 Jul 2022 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT_PH2.pdf | 8 Jan 2022 |
| Disclosure of sold/ booked inventoryFile: Mantra Insignia LLP PH2_compressed.pdf | 18 Jun 2021 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: MUNDHWA SITE_SHOP OCC 1 TO 24.pdf | 13 Jul 2020 |
| Architect’s Certificate on Completion of Project (Form 4)File: form 4.pdf | 13 Jul 2020 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: Mantra Insignia Commercial Phase 2.pdf | 17 Dec 2019 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECT CERTIFICATE COMMERCIAL PHASE 2.pdf | 30 Jan 2019 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGINEER CERTIFICATE COMM PHASE 2 JAN 19.pdf | 29 Jan 2019 |
| Certificates of CA (Form 3)File: C A Certificate Insignia commerical phase 2.pdf | 29 Jan 2019 |
| Certificates of CA (Form 5)File: MS Mantra Insignia LLP COMMERCIAL PHASE 2.pdf | 23 Nov 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Mantra Insignia Commercial Phase 2 ARCHITECT.pdf | 27 Jul 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Mantra Insignia Commercial Phase 2 Engineering Certificate.pdf | 27 Jul 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate - Phase 3.PDF | 23 Mar 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineering Certificate Phase 3.PDF | 23 Mar 2018 |
| Certificates of CA (Form 3)File: CA Certificate phase 2.pdf | 23 Mar 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate Insignia Commercial Phase 2.pdf | 16 Nov 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineer Certificate CD Phase 2.pdf | 16 Nov 2017 |
| Certificates of CA (Form 3)File: Insignia Phase 3 CA Certificate-.pdf | 16 Nov 2017 |
| Details of encumbrancesFile: ENCUMBRANCES MANTRA INSIGNIA.pdf | 23 Jul 2017 |
| Declaration in FORM BFile: Insignia Commercial CD(Promoter).pdf | 23 Jul 2017 |
| Certificates of CA (Form 3)File: Insignia Commercial CD - CA Certificate.pdf | 23 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Commercial Phase 2 - Architect Certificate.pdf | 22 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Commercial C AND D Phase 2 - Engineering Certificate.pdf | 22 Jul 2017 |
| Proforma of Allotment letterFile: Allotment letter.pdf | 21 Jul 2017 |
| Proforma of Allotment letterFile: Draft Shop C D.pdf | 21 Jul 2017 |
| Layout approvalFile: SANCTIONED PLAN INSIGNIA COMPRESSED.pdf | 20 Jul 2017 |
| Building plan approvalFile: COMMERCIAL CD.pdf | 20 Jul 2017 |
| Layout approvalFile: LAYOUT-Model.pdf | 20 Jul 2017 |
| PAN CardFile: Mantra Insignia LLP PANCARD.pdf | 20 Jul 2017 |
| Copy of the legal title reportFile: Additional Search Report 1-54.pdf | 20 Jul 2017 |
| Copy of the legal title reportFile: Additional Search Report 1-55.pdf | 20 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: SANCTIONED PLAN INSIGNIA COMPRESSED.pdf | 20 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: LAYOUT-Model.pdf | 20 Jul 2017 |
| Building Plan Approval (IOD)File: COMMERCIAL CD.pdf | 20 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: insignia commencement certificate.pdf | 20 Jul 2017 |
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Buyer report
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- All 44 filed documents as one ZIP, foldered, with a manifest
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Builder: MANTRA INSIGNIA LLP
MANTRA INSIGNIA LLP has 5 registrations on MahaRERA, including MANTRA INSIGNIA and MANTRA INSIGNIA COMMERCIAL PHASE 1. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if MANTRA INSIGNIA COMMERCIAL PHASE 2 is delayed beyond 30 Dec 2021?
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 MANTRA INSIGNIA COMMERCIAL PHASE 2?
The registered promoter entity is MANTRA INSIGNIA 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 MANTRA INSIGNIA COMMERCIAL PHASE 2?
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 MANTRA INSIGNIA COMMERCIAL PHASE 2?
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 MANTRA INSIGNIA COMMERCIAL PHASE 2?
The professionals named in the filing: Architect: MITESH SIDHPURA. 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 MANTRA INSIGNIA COMMERCIAL PHASE 2?
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.
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