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PARK EXPRESS PHASE III
RG-MH-92255 · RERA P52100018658 · Last updated on MahaRERA portal: 22 Mar 2022
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 1 other registration and every project registered within 2 km.
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PARK EXPRESS PHASE III is a Residential / Group Housing project by PARK EXPRESS JOINT VENTURE in Pune, Maharashtra, registered with MahaRERA as P52100018658 on 22 Nov 2018. The registration is recorded completed; possession was promised by 30 Dec 2022.
At a glance
Project
- NamePARK EXPRESS PHASE III
- TypeResidential / Group Housing
- Location
- BALEWADI
- Pune (M Corp.)
- Pune City
- Pune
- 411045
- Pincode411045
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100018658
- ReraGenie IDRG-MH-92255
Builder
- NamePARK EXPRESS JOINT VENTURE
- Entity typeOthers
- Named personsHARSHWARDHAN AGARWAL, SHAMKANT JAGANNATH WANI (SHENDE)
- Other registrations1 more →
- Completed2 of 2
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on22 Nov 2018
- Promised completion30 Dec 2022
- Revised completionNone
- Buildings1 building record
- Documents filed29 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| O | NA | 15 | 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 building1
As on 22 Mar 2022, 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.
5 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 75%.
O: 65% average across the applicable activities
| 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 | 75% |
| Sanitary Fittings within the flats / premises | 20% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 45% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 50% |
| 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. | 30% |
Progress on shared amenities15
As on 22 Mar 2022, 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 | 75% |
| Water Supply | Yes | 75% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 75% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 55% |
| Street Lighting | Yes | 55% |
| Community Buildings | Yes | 90% |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 80% |
| Solid Waste Management And Disposal | Yes | 80% |
| Water conservation /Rain water harvesting | Yes | 50% |
| Energy managemcnt | Yes | 50% |
| Fire protection and fire safety requirements | Yes | 75% |
| Electrical meter room, sub-station, receiving station | Yes | 80% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | Yes | 80% |
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.
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.
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 | VILAS YELE |
| Partner | Role in project |
|---|---|
| PARK EXPRESS JOINT VENTURE | - |
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 5 Nov 2018 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 6 Nov 2018 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 9 Aug 2019 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 5 Nov 2018Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on 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.
Documents filed29
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 |
|---|---|
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Soc Reg Park Express O build.pdf | 22 Mar 2022 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4 completion.pdf | 31 May 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: FORM 5 PARK XPRESS 22022021.pdf | 5 Mar 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: PEJV Form 5 (1).pdf | 20 Feb 2021 |
| Form 2AFile: Rera Quality Park Xpress Dec 20.pdf | 19 Jan 2021 |
| Form 2AFile: Quality Certificate Park Xpress Sept 20.pdf | 10 Oct 2020 |
| Form 2AFile: Quality Certificate xpress June 20.pdf | 13 Jul 2020 |
| Form 2AFile: QUALITY ASSURANCE CERT PARK EXPRESS.pdf | 15 Jan 2020 |
| Annual Audit Report of Statutory CA (Form 5)File: Park Express III.pdf | 30 Sep 2019 |
| Proforma of Allotment letterFile: PX Agmt for O Bldg RERA.pdf | 6 Sep 2019 |
| Building plan approvalFile: O Building floor plans.pdf | 9 Aug 2019 |
| Building Plan Approval (IOD)File: O Building floor plans.pdf | 9 Aug 2019 |
| Form 2AFile: QTY ASSURANCE CERT PEJV.pdf | 16 Jul 2019 |
| Form 2AFile: QUALITY ASSURANCE CERT PARK EXPRESS 31032019.pdf | 10 Apr 2019 |
| Form 2AFile: QUALITY ASSURANCE CERT PARK EXPRESS .pdf | 19 Jan 2019 |
| Proforma of Allotment letterFile: PX AGREEMENT LOI.pdf | 19 Jan 2019 |
| Layout approvalFile: Temp01244.pdf | 6 Nov 2018 |
| Copy of Layout Approval (in case of layout)File: Temp01244.pdf | 6 Nov 2018 |
| Certificates of CA (Form 3)File: Form 3 PEJV O.pdf | 6 Nov 2018 |
| Building plan approvalFile: Temp01243.PDF | 5 Nov 2018 |
| PAN CardFile: PARK EXPRESS PAN CARD COPY.pdf | 5 Nov 2018 |
| Copy of the legal title reportFile: Title Report 1.pdf | 5 Nov 2018 |
| Copy of the legal title reportFile: Title Report 2.pdf | 5 Nov 2018 |
| Details of encumbrancesFile: Mortgage Dd 3177.pdf | 5 Nov 2018 |
| Details of encumbrancesFile: Mortgage Deed 2562.pdf | 5 Nov 2018 |
| Building Plan Approval (IOD)File: Temp01243.PDF | 5 Nov 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement 2018.pdf | 5 Nov 2018 |
| Declaration in FORM BFile: AFFIDAVIT CUM DECLARATION PEJV.pdf | 5 Nov 2018 |
| Proforma of Allotment letterFile: park x phase III Agree LOI.pdf | 5 Nov 2018 |
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Buyer report
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- Red flags and clear checks, the possession story, sanctions and sales, land and title, who you are dealing with
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- All 29 filed documents as one ZIP, foldered, with a manifest
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Builder: PARK EXPRESS JOINT VENTURE
PARK EXPRESS JOINT VENTURE has 2 registrations on MahaRERA, including PARK EXPRESS PHASE II and PARK EXPRESS PHASE III. 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 PARK EXPRESS PHASE III is delayed beyond 30 Dec 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 PARK EXPRESS PHASE III?
The registered promoter entity is PARK EXPRESS JOINT VENTURE, an others 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 PARK EXPRESS 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 PARK EXPRESS 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 PARK EXPRESS PHASE III?
The professionals named in the filing: Architect: VILAS YELE. 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 PARK EXPRESS 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.
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