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PARK IVORY PHASE III COMMERCIAL
RG-MH-64474 · RERA P52100016811 · Last updated on MahaRERA portal: 20 Sep 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
- 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 3 other registrations.
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PARK IVORY PHASE III COMMERCIAL is a Commercial project by SUNGUARD BUILDERS LLP in Pune, Maharashtra, registered with MahaRERA as P52100016811 on 12 Jun 2018. The registration is recorded completed; possession was promised by 31 Dec 2018.
At a glance
Project
- NamePARK IVORY PHASE III COMMERCIAL
- TypeCommercial
- Location
- KALEWADI PHATA
- PCMC
- Wakad
- Mulshi
- Pune
- 411057
- Pincode411057
- RERA no.P52100016811
- ReraGenie IDRG-MH-64474
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on12 Jun 2018
- Promised completion31 Dec 2018
- Revised completionNone
- Buildings1 building record
- Documents filed16 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| PARK IVORY COMMERCIAL | 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 building1
As on 20 Sep 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.
9 of 11 construction stages are filed complete. The stage furthest along is Podiums (if any), at 0%.
PARK IVORY COMMERCIAL: 82% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 0% |
| 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 20 Sep 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 | 25% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| 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 | 0% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 50% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | Yes | 0% |
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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | DREAM SPACE ARCHITECTS |
| Architect | ABHIKALPAN |
| Engineer | GA BHILARE CONSULTANT PVT LTD |
| Partner | Role in project |
|---|---|
| SUNGUARD BUILDERS LLP | - |
Litigation declared1
| Case | Court | Status |
|---|---|---|
| SPCS NO 1447/2016 | CIVIL JUDGE JUNIOR DIVISION | ARGUMENT ON EXH FIVE |
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 12 May 2018 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 12 May 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 12 May 2018 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 12 May 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 filed16
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: Park Ivory Society regi certificate.pdf | 20 Sep 2022 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Prk Ivory merging docs.pdf | 20 Sep 2022 |
| Certificates of Architect (Form 4)File: \\phou-srv-002\UserData\00198\Desktop\IVORY-SHOP-2018.pdf | 15 Oct 2018 |
| Proforma of Allotment letterFile: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\Park Ivory Shop A | 31 May 2018 |
| Declaration in FORM BFile: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\Affidavit B form | 28 May 2018 |
| Certificates of CA (Form 3)File: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\Form 3 Park Ivory | 28 May 2018 |
| Building plan approvalFile: Shop plan 1.pdf | 12 May 2018 |
| Building plan approvalFile: Shop plan 2.pdf | 12 May 2018 |
| Layout approvalFile: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\layout park ivory | 12 May 2018 |
| Copy of the legal title reportFile: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\Title report.pdf | 12 May 2018 |
| Details of encumbrancesFile: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\Mortgage part 1.p | 12 May 2018 |
| Details of encumbrancesFile: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\Mortgage part 2.p | 12 May 2018 |
| Copy of Layout Approval (in case of layout)File: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\layout park ivory | 12 May 2018 |
| Building Plan Approval (IOD)File: Shop plan 1.pdf | 12 May 2018 |
| Building Plan Approval (IOD)File: Shop plan 2.pdf | 12 May 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: \\phou-srv-002\UserData\00198\Documents\Sarika Taori\Park ivory phase ii\Commencement Cert | 12 May 2018 |
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 |
|---|---|---|---|---|---|
| PARK IVORY PHASE I | S NO 214 & 215 WAKAD TALUKA HAVELI DIST PUNE | 280 | Completed | Jul 2017 | Apr 2017 |
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How this compares with Pune
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.
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
- Joined against the promoter's 3 other registrations, which the RERA portal never shows together
- All 16 filed documents as one ZIP, foldered, with a manifest
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Builder: SUNGUARD BUILDERS LLP
SUNGUARD BUILDERS LLP has 4 registrations on MahaRERA, including PARK IVORY PHASE II and PARK IVORY PHASE III COMMERCIAL. Its filings disclose 4 earlier MahaRERA projects: 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 PARK IVORY PHASE III COMMERCIAL is delayed beyond 31 Dec 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 PARK IVORY PHASE III COMMERCIAL?
The registered promoter entity is SUNGUARD BUILDERS LLP, 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 IVORY PHASE III COMMERCIAL?
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 IVORY PHASE III COMMERCIAL?
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 IVORY PHASE III COMMERCIAL?
The professionals named in the filing: Architect: DREAM SPACE ARCHITECTS; Architect: ABHIKALPAN; Engineer: GA BHILARE CONSULTANT PVT LTD. 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 IVORY PHASE III COMMERCIAL?
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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