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Panama Highstreet
By MS PANAMA SUNARCH DEVELOPERS
RG-MH-45379 · RERA P52100053454 · Last updated on MahaRERA portal: 2 Apr 2026
Source: official MahaRERA filing
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Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
- 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 every project registered within 2 km.
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Panama Highstreet is a Mixed project by MS PANAMA SUNARCH DEVELOPERS in Pune, Maharashtra, registered with MahaRERA as P52100053454 on 6 Nov 2023. Possession is promised by 31 Dec 2027. 4 of the 34 units on this registration are recorded sold or booked, and 2 of 11 construction stages are filed complete.
At a glance
Project
- NamePanama Highstreet
- TypeMixed
- Location
- HOLAKARWADI ROAD
- HANDEWADI CHOWK
- OUATADE HANDEWADI
- Haveli
- Pune
- 411023
- Pincode411023
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100053454
- ReraGenie IDRG-MH-45379
Builder
- NameMS PANAMA SUNARCH DEVELOPERS
- Entity typePartnership
- PartnersGAUTAM BALASAHEB LADKAT, NEELIMA GAUTAM LADKAT
- Declared earlier projects1 →
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on6 Nov 2023
- Promised completion31 Dec 2027
- Revised completionNone
- Buildings1 building record
- Documents filed69 files
Current status
Figures as on 2 Apr 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Panama Highstreet | NA | 5 | 5 | 14 | 20 | 34 |
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 2 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.
2 of 11 construction stages are filed complete. The stage furthest along is Basement (if any), at 70%.
Panama Highstreet: 25% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 70% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| 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 2 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 | No | Not applicable |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 0% |
| Solid Waste Management And Disposal | Yes | 0% |
| Water conservation /Rain water harvesting | Yes | Not applicable |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | Yes | 0% |
Parking filed115
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 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 |
|---|---|---|---|
| Panama Highstreet | NA | Rs 2.20 cr | Rs 76.90 lakh |
| - | NA | Rs 53.64 lakh | - |
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 | VK a architecture |
| Engineer | MR SUHEL DIWAN |
| Chartered Accountant | Amit A Somani |
| Partner | Role in project |
|---|---|
| MS PANAMA SUNARCH DEVELOPERS | - |
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 4 Oct 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 8 Sep 2023 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 26 Mar 2026 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 8 Sep 2023Confirm 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 31 Dec 2027
Documents filed69
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 |
|---|---|
| Form 2A (FY 2023-2024)File: Form 2A-31032024.pdf | 2 Apr 2026 |
| Building plan approvalFile: Panama Highstreet-Revised Sanction Plans 2026.pdf | 26 Mar 2026 |
| Form 5 (FY 2024-2025)File: Form 5 for 24-25 HighStreet.pdf | 26 Mar 2026 |
| Form 5 | 26 Mar 2026 |
| Form 5 (FY 2023-2024)File: Form 5 for 2023-2024.pdf | 11 Mar 2026 |
| Form 2A (FY 2024-2025)File: Quality assurance certificate PH march 25.PDF | 19 Feb 2026 |
| Withdrawal Update Form 1File: Architect certificate Dec 2025.pdf | 29 Jan 2026 |
| Withdrawal Update Form 2File: Engineer certificate Dec 2025.pdf | 29 Jan 2026 |
| Withdrawal Update Form 3File: CA certificate 8012026.pdf | 29 Jan 2026 |
| Withdrawal Update Form 1File: 250930 - RERA Certificate (Form-1)-july to Sept 25.pdf | 19 Nov 2025 |
| Withdrawal Update Form 1File: 250930 - RERA Certificate (Form-1)-july to Sept 25.pdf | 19 Nov 2025 |
| Withdrawal Update Form 2File: Eng certificate July to Sept 25.pdf | 19 Nov 2025 |
| Withdrawal Update Form 2File: Eng certificate July to Sept 25.pdf | 19 Nov 2025 |
| Withdrawal Update Form 3File: PANAMA HIGHSTREET CA SIGNED FORM 3 SEP25_compressed.pdf | 19 Nov 2025 |
| Withdrawal Update Form 3File: PANAMA HIGHSTREET CA SIGNED FORM 3 SEP25_compressed.pdf | 19 Nov 2025 |
| Form 1File: Architech certificate PH march 25.PDF | 18 Jul 2025 |
| Form 2File: Engg certificate PH march 25.PDF | 18 Jul 2025 |
| Form 3File: Form 3- Q1-2025-Highstreet.pdf | 18 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold unsold inventory - Q1-2025.pdf | 18 Jul 2025 |
| Form 1File: ARCHITECT.PDF | 18 Jul 2025 |
| Form 2File: Form 2A Elite Space.PDF | 18 Jul 2025 |
| Form 3File: CA Carti.pdf | 18 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold Inventory Q4-2024.pdf | 18 Jul 2025 |
| Form 1File: ARCHITECT.PDF | 18 Jul 2025 |
| Form 2File: Eng.pdf | 18 Jul 2025 |
| Form 3File: CA Carti.pdf | 18 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold Inventory.pdf | 18 Jul 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architech certificate PH march 25.pdf | 25 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architech certificate PH march 25.pdf | 14 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg certificate PH march 25.pdf | 14 Apr 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A Elite Space.PDF | 6 Feb 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT.PDF | 16 Jan 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Carti.pdf | 16 Jan 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Eng.pdf | 16 Jan 2025 |
| Disclosure of sold/ booked inventoryFile: Sold Inventory.pdf | 7 Jan 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA.pdf | 18 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect's Certi.pdf | 11 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Elite space.pdf | 11 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 240630 - RERA Certificate Form-1-Arch Certificate.pdf | 21 Oct 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 240630 - RERA Certificate Form-2- Eng Certificate (2).pdf | 21 Oct 2024 |
| Proforma of Agreement for saleFile: Draft Agreement Elite Space.pdf | 27 Oct 2023 |
| Deviation Report with respect to model copy of AgreementFile: Deviation Report for Agreement to Sale.pdf | 27 Oct 2023 |
| Details of encumbrances concerned to FinanceFile: Legal Encumbrances Report .pdf | 17 Oct 2023 |
| Details of encumbrances concerned to LegalFile: Legal Encumbrances Report .pdf | 17 Oct 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Draft Agreement Elite Space.pdf | 17 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 CA Certificate Elite Space.pdf | 11 Oct 2023 |
| Copy of the legal title reportFile: Title report Format A Elite Space.pdf | 4 Oct 2023 |
| Proforma of Allotment letterFile: Allotment Letter.pdf | 3 Oct 2023 |
| Building plan approvalFile: Upper nd Lower Groung floor plan Elite Space.pdf | 26 Sep 2023 |
| Building plan approvalFile: Section Plan Elite space.pdf | 26 Sep 2023 |
| Details of encumbrances concerned to FinanceFile: Self Declaration regarding Encumbrances.pdf | 26 Sep 2023 |
| Details of encumbrances concerned to LegalFile: Self Declaration regarding Encumbrances.pdf | 26 Sep 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: Upper nd Lower Groung floor plan Elite Space.pdf | 26 Sep 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: Section Plan Elite space.pdf | 26 Sep 2023 |
| CERSAI detailsFile: CERSAI report.pdf | 26 Sep 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Declaration about Separate Bank Account for the real estate project.pdf | 26 Sep 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate Elite Space.pdf | 20 Sep 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Quality Assurance Certificate Elite Space.pdf | 20 Sep 2023 |
| Layout approvalFile: Master Lay Out Elite Space.pdf | 8 Sep 2023 |
| PAN CardFile: PAN-PSD.pdf | 8 Sep 2023 |
| Copy of Layout Approval (in case of layout)File: Master Lay Out Elite Space.pdf | 8 Sep 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement certificate Elite Space 3072023.pdf | 8 Sep 2023 |
| Declaration about Commencement CertificateFile: Declartion abt Commencement certificate.pdf | 8 Sep 2023 |
| Declaration in FORM BFile: FORM B Rera Elite Space.pdf | 8 Sep 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Arch Certificate Form 1.pdf | 8 Sep 2023 |
| Disclosure of sold/ booked inventoryFile: Disclose of Sold or Booked Inventory.pdf | 8 Sep 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Declaration abt interest in other real estate organization GBL.pdf | 8 Sep 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Declaration abt interest in other real estate organization NGL.pdf | 8 Sep 2023 |
| Deviation Report with respect to Allotment letterFile: Deviation Report Allotment letter.pdf | 8 Sep 2023 |
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.
| Project | Location | Flats | Status | Promised | Delivered |
|---|---|---|---|---|---|
| SILVER STONE-Amenity building | Village Autade Handewadi | 107 | Completed | Dec 2024 | Mar 2020 |
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Buyer report
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- All 69 filed documents as one ZIP, foldered, with a manifest
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Project watch
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Builder: MS PANAMA SUNARCH DEVELOPERS
MS PANAMA SUNARCH DEVELOPERS has 1 registration on MahaRERA, including Panama Highstreet. 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 Panama Highstreet is delayed beyond 31 Dec 2027?
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 Panama Highstreet?
The registered promoter entity is MS PANAMA SUNARCH DEVELOPERS, 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 Panama Highstreet?
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 Panama Highstreet?
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 Panama Highstreet?
The professionals named in the filing: Architect: VK a architecture; Engineer: MR SUHEL DIWAN; Chartered Accountant: Amit A Somani. 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 Panama Highstreet?
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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