Home / Browse projects / Pune, Maharashtra / PARK59
PARK59
RG-MH-15308 · RERA P52100024649 · Last updated on MahaRERA portal: 20 Jul 2026
Source: official MahaRERA filing
Or get an email each time it changes, with the project watch
Red flags
- Completion date moved by 15 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
2 conditions are on this record. What each one means for someone buying here, and what the promoter's own filed documents say behind it, is what the buyer report adds.
See what the report covers Free either way: or have every new Pune registration emailed to you, free during the pilot beta.Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
PARK59 is a Residential / Group Housing project by SHIV DEVELOPERS in Pune, Maharashtra, registered with MahaRERA as P52100024649 on 26 Feb 2020. Possession is promised by 29 Dec 2027. The completion date has moved by 15 months from the original filing. 147 of the 230 units on this registration are recorded sold or booked, and 38 of 45 construction stages are filed complete.
At a glance
Project
- NamePARK59
- TypeResidential / Group Housing
- Location
- SURVEY NO 259/4 (P) WAKAD KASPATE ROAD NEAR AISHVARYAM GREEN SOCIETY
- WAKAD
- Mulshi
- Pune
- 411057
- Pincode411057
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100024649
- ReraGenie IDRG-MH-15308
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on26 Feb 2020
- Promised completion29 Dec 2027
- Revised completionRevised to 29 Dec 2027 (originally 30 Sep 2026)
- Buildings5 building records
- Documents filed286 files
Current status
Figures as on 20 Jul 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| D BUILDING | NA | 13 | 12 | 43 | 0 | 43 |
| C BUILDING | NA | 13 | 12 | 67 | 0 | 67 |
| A BUILDING | NA | 12 | 12 | 48 | 0 | 48 |
| B BUILDING | NA | 12 | 12 | 48 | 0 | 48 |
| E Building | NA | 8 | 6 | 24 | 0 | 24 |
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 building5
As on 20 Jul 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.
38 of 45 construction stages are filed complete across 5 buildings. The stage furthest along is Podiums (if any), at 95%.
D BUILDING100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | Not applicable |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | Not applicable |
| 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% |
C BUILDING100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | Not applicable |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | Not applicable |
| 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% |
A BUILDING100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | Not applicable |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | Not applicable |
| 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% |
B BUILDING100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | Not applicable |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | Not applicable |
| 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% |
E Building53%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | Not applicable |
| Podiums (if any) | 95% |
| Plinth | 95% |
| Stilt Floor | Not applicable |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 45% |
| Sanitary Fittings within the flats / premises | 15% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 30% |
| 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 20 Jul 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 | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 80% |
| Street Lighting | Yes | 90% |
| 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 | 75% |
| Electrical meter room, sub-station, receiving station | Yes | 85% |
| Aggregate area of recreational Open Space | Yes | Not applicable |
| Open Parking | Yes | Not applicable |
Parking filed652
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.
| Building | Closed/Covered | Total |
|---|---|---|
| D BUILDING | 130 | 130 |
| C BUILDING | 131 | 131 |
| A BUILDING | 131 | 131 |
| B BUILDING | 129 | 129 |
| E Building | 131 | 131 |
Land and ownership19
MahaRERA does not publish landowner contact details. 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.
| Landowner | Village | District |
|---|---|---|
| Sudam Baburao Yadav | Sangavi | Pune |
| Sharda Sudam Yadav | Sangavi | Pune |
| Yogesh Sudam Yadav | Sangavi | Pune |
| Sonal Mahesh Bhosale | Sangavi | Pune |
| Neela Shantaram Mane | Loni-kalbhor | Pune |
| Meena Dattatray Gaikwad | Khadakwasala | Pune |
| Bebi Dnyneshwar Mate | Khadakwasala | Pune |
| Satyawan Shankar Jagtap | Sangavi | Pune |
| Jawahar Mohan Kale | Aundh | Pune |
| Santosh Dnynoba Wakadkar | Wakad | Pune |
| Suman Satish Karade | Shivajinagar Bhamburda | Pune |
| Nandkishor Shankar Kumbhar | Pimple Nilakh | Pune |
| Maruti Anandrao Saste | Chinchwad | Pune |
| Urmila Shankar Adkar | Sangavi | Pune |
| Anil Laxman Gaikwad | Pashan | Pune |
| Rajkumar Uddhav Kulkarni | Kothrud | Pune |
| Nitin Dnyneshwar Mate through Bebi Dnyneshwar Mate | Khadakwasala | Pune |
| Nilesh Dnyneshwar Mate through Bebi Dnyneshwar Mate | Khadakwasala | Pune |
| Gauri Dipak Ranawade alias Gauri Dnyeshwar Mate through Bebi Dnyneshwar Mate | Khadakwasala | 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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| E Building | NA | Rs 17.20 cr | Rs 9.17 cr |
| A BUILDING | NA | Rs 15.99 cr | Rs 15.99 cr |
| B BUILDING | NA | Rs 15.01 cr | Rs 15.01 cr |
| C BUILDING | NA | Rs 14.33 cr | Rs 14.33 cr |
| D BUILDING | NA | Rs 12.14 cr | Rs 12.14 cr |
| - | NA | Rs 5.51 cr | Rs 5.32 cr |
Certifying professionals and partners7
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Shankar Nimbalkar |
| Engineer | K P BADGUJAR CONSULTANT PVT LTD |
| Engineer | Rohinee Badgujar |
| Engineer | Ganesh Katke |
| Chartered Accountant | ANITA LAXMAN LIMAYE |
| Chartered Accountant | Rohit Jadhav |
| Chartered Accountant | Mahesh Malhotra |
| Partner | Role in project |
|---|---|
| SHIV DEVELOPERS | - |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterThe project has been delayed due to the pending submission of revised sanction documents from our side. Revisions in the project layout and design required updates to the original plans, which are currently being finalized. We acknowledge the delay is on our part and are working to complete the necessary documentation and submit it to PMC at the earliest for revised approval. As a result, we are seeking an extension from RERA to account for this unavoidable delay and ensure that we can complete the project in compliance with all necessary regulations and requirements. The delay in issuance of
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 14 Feb 2020 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 6 Mar 2026 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 6 Mar 2026 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 29 Mar 2024Confirm 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 22 Apr 2025
Documents filed286
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath; the newest 80 of 286 are shown. 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 |
|---|---|
| Withdrawal Update Form 1File: Form 1 dt.pdf | 20 Jul 2026 |
| Withdrawal Update Form 2File: form 2 (14).pdf | 20 Jul 2026 |
| Withdrawal Update Form 3File: SIGNED FORM 3 (1).pdf | 20 Jul 2026 |
| Withdrawal Update Form 1File: Updated formate form1 with sign ss.pdf | 8 May 2026 |
| Withdrawal Update Form 2File: form 2 with sign.pdf | 8 May 2026 |
| Withdrawal Update Form 3File: System Generated FORM 3 s_compressed.pdf | 8 May 2026 |
| Building plan approvalFile: b944d444-ad46-4d04-b052-5f90df7944e11.pdf | 6 Mar 2026 |
| Layout approvalFile: 2a57e144-7675-4027-b7fa-d857be2b460f 1.pdf | 6 Mar 2026 |
| Form 1File: Rera Update Certificate-21-06-2024 - Copy.pdf | 6 Mar 2026 |
| Form 2File: Form 2.pdf | 6 Mar 2026 |
| Form 3File: FORM 3.pdf | 6 Mar 2026 |
| Disclosure of Sold and Booked InventoryFile: Sold And Unsold.pdf | 6 Mar 2026 |
| Form 1File: F1.pdf | 6 Mar 2026 |
| Form 2File: F2.pdf | 6 Mar 2026 |
| Form 3File: F3.pdf | 6 Mar 2026 |
| Disclosure of Sold and Booked InventoryFile: SU.pdf | 6 Mar 2026 |
| Form 2A (FY 2019-2020)File: park 59 form 2A 19-20.pdf | 6 Mar 2026 |
| Form 2A (FY 2020-2021)File: park 59 form 2A 20-21.pdf | 6 Mar 2026 |
| Form 2A (FY 2021-2022)File: park 49 from 2A 21-22.pdf | 6 Mar 2026 |
| Form 2A (FY 2022-2023)File: Park form 59 form 2A 22-23.pdf | 6 Mar 2026 |
| Form 2A (FY 2023-2024)File: park 59 from 2A 23-24.pdf | 6 Mar 2026 |
| Form 2A (FY 2024-2025)File: park 59 form 2A 24-25.pdf | 6 Mar 2026 |
| Form 2A (FY 2025-2026)File: park 59 form 2A 25-26.pdf | 6 Mar 2026 |
| Form 5 (FY 2024-2025)File: form 5 2024-25_compressed.pdf | 6 Mar 2026 |
| Form 5 (FY 2023-2024)File: form 5 2023-24_compressed.pdf | 6 Mar 2026 |
| Form 5 (FY 2022-2023)File: form 5 2022-23_compressed.pdf | 6 Mar 2026 |
| Form 5 (FY 2021-2022)File: form 5 2021-22_compressed.pdf | 6 Mar 2026 |
| Form 5 (FY 2020-2021)File: form 5 2020-21_compressed.pdf | 6 Mar 2026 |
| Building plan approvalFile: P2.pdf | 5 Mar 2026 |
| Building plan approvalFile: P3.pdf | 5 Mar 2026 |
| Building plan approvalFile: P4.pdf | 5 Mar 2026 |
| Building plan approvalFile: P5.pdf | 5 Mar 2026 |
| Building plan approvalFile: P6.pdf | 5 Mar 2026 |
| Building plan approvalFile: P7.pdf | 5 Mar 2026 |
| Building plan approvalFile: P8.pdf | 5 Mar 2026 |
| Building plan approvalFile: P17.pdf | 5 Mar 2026 |
| Building plan approvalFile: P18.pdf | 5 Mar 2026 |
| Withdrawal Update Form 1File: Form1.pdf | 2 Mar 2026 |
| Withdrawal Update Form 2File: Form2 (5).pdf | 2 Mar 2026 |
| Withdrawal Update Form 3File: FORM 3_SHIV DEVELOPER_FINAL (1) (1)_compressed.pdf | 2 Mar 2026 |
| Form 1File: FORM 1 WITH SIGN.pdf | 4 Feb 2026 |
| Form 2File: FORM 2 WITH SIGN.pdf | 4 Feb 2026 |
| Form 3File: FORM 3 WITH SIGN_compressed.pdf | 4 Feb 2026 |
| Disclosure of Sold and Booked InventoryFile: SOLD UNSOLD_compressed (6).pdf | 4 Feb 2026 |
| Form 1File: Form 1.pdf | 30 Dec 2025 |
| Form 2File: park 59 sep 25.pdf | 30 Dec 2025 |
| Form 3File: Form 3_compressed (27).pdf | 30 Dec 2025 |
| Disclosure of Sold and Booked InventoryFile: sold unsold_compressed (4).pdf | 30 Dec 2025 |
| Form 1File: Form 1 s.pdf | 12 Nov 2025 |
| Form 2File: Form 2.pdf | 12 Nov 2025 |
| Form 3File: form 3 (s.pdf | 12 Nov 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold Unsold.pdf | 12 Nov 2025 |
| Form 1File: Form 1.pdf | 12 Nov 2025 |
| Form 2File: FORM 2PARK 59 DEC 20.pdf | 12 Nov 2025 |
| Form 3File: Form 3.pdf | 12 Nov 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold And Unsold.pdf | 12 Nov 2025 |
| Form 1File: Form 1 (1).pdf | 12 Nov 2025 |
| Form 2File: Form 2.pdf | 12 Nov 2025 |
| Form 3File: Form 3 (1).pdf | 12 Nov 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold Unsold.pdf | 12 Nov 2025 |
| Form 1File: Form 1.pdf | 12 Nov 2025 |
| Form 2File: park 59 june 21 Form 2.pdf | 12 Nov 2025 |
| Form 3File: Form 3 (1).pdf | 12 Nov 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold And Unsold.pdf | 12 Nov 2025 |
| Form 1File: Form 1 (1).pdf | 12 Nov 2025 |
| Form 2File: Park 59 sep 21 Form 2.pdf | 12 Nov 2025 |
| Form 3File: Form 3 (2)_compressed (2).pdf | 12 Nov 2025 |
| Disclosure of Sold and Booked InventoryFile: Sold Unsold.pdf | 12 Nov 2025 |
| Form 1File: Form 1 (2).pdf | 12 Nov 2025 |
| Form 2File: Form 2.pdf | 12 Nov 2025 |
| Form 3File: Form 3.pdf | 12 Nov 2025 |
| Disclosure of Sold and Booked InventoryFile: SOLD UNSOLD DEC 21.pdf | 12 Nov 2025 |
| Form 1File: Form 1 (3).pdf | 12 Nov 2025 |
| Form 2File: form 2.pdf | 12 Nov 2025 |
| Form 3File: Form 3 (42).pdf | 12 Nov 2025 |
| Disclosure of Sold and Booked InventoryFile: SOLD UNSOLD MARCH 22.pdf | 12 Nov 2025 |
| Form 1File: Form 1 (1).pdf | 12 Nov 2025 |
| Form 2File: Form 2.pdf | 12 Nov 2025 |
| Form 3File: Form 3 (2).pdf | 12 Nov 2025 |
| Disclosure of Sold and Booked InventoryFile: SOLD UNSOLD JUNE 22.pdf | 12 Nov 2025 |
Comparing a few projects?
You have opened several on ReraGenie. A free account keeps them in one list with their booking and possession figures, and puts two to six of them side by side.
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
Built from this project's filings on the day you order, in plain language.
- 2 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 13 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 286 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
Only want to be told when something changes?
- An email each time this filing moves: new sales, a moved possession date, an extension, a complaint, the occupancy certificate
- Plain words, conditions that have happened marked in red
- A summary of everything that changed when the 90 days end
Keep PARK59 on your shortlist
Saving puts this project on your dashboard with its booking and possession figures, ready to place side by side with up to five others. A free account also gets our weekly market digest by email.
Other projects near WAKAD13,700+ in Pune
Filed coordinates, straight-line distance. 232 registered projects within 2 km.
Godrej Evergreen Square
Godrej Projects Development Limited
The Aqua Retreat at Godrej Park World
Maan-Hinje Township Developers Private Lim
The Gale at Godrej Park World
Maan-Hinje Township Developers LLP
VTP BELLISSIMO PHASE 1
MAGNITE DEVELOPERS PRIVATE LIMITED
Life Republic Sector R1 - 1st Avenue
KOLTE-PATIL DEVELOPERS LIMITED
The Greenfront at Godrej Park World
Maan Hinje Township Developers Private Lim
Builder: SHIV DEVELOPERS
Shiv Developers has 14 registrations on MahaRERA, including SHREYASH SANKUL and SHIV SAMRUDHI - A WING. Its filings disclose 2 earlier MahaRERA projects: declares 2 of 2 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 PARK59 is delayed beyond 29 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 PARK59?
The registered promoter entity is SHIV DEVELOPERS, a partnership as per the filing. Its GSTIN 27ABQFS2269A1Z1 can be cross-checked on the MCA and GST portals. 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 PARK59?
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 PARK59?
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 PARK59?
The professionals named in the filing: Architect: Shankar Nimbalkar; Engineer: K P BADGUJAR CONSULTANT PVT LTD; Engineer: Rohinee Badgujar; Engineer: Ganesh Katke; Chartered Accountant: ANITA LAXMAN LIMAYE; Chartered Accountant: Rohit Jadhav. 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 PARK59?
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.
Get the buyer report · Rs 499 See a real one first
Studying this micro-market rather than buying a flat? The developer project analysis, Rs 2,999, maps every registration within 5 km from filed coordinates, reads what this market absorbs, prices the parcel and takes the promoter's whole book apart. See a complete sample.
Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on MahaRERA, and we read every report.
Report an error Share feedback