Home / Browse projects / Ratnagiri, Maharashtra / Phatak Capital
Phatak Capital
RG-MH-71985 · RERA P52800016014 · Last updated on MahaRERA portal: 11 Oct 2024
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 2 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 and every project registered within 2 km.
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Phatak Capital is a Commercial project by M/s Phatak Developers in Ratnagiri, Maharashtra, registered with MahaRERA as P52800016014 on 11 Apr 2018. The registration is recorded completed; possession was promised by 30 Nov 2020.
At a glance
Project
- NamePhatak Capital
- TypeCommercial
- Location
- Dapoli-Harne road
- Near Dapoli Nagarpanchayat
- Dapoli
- Ratnagiri
- 415712
- Pincode415712
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52800016014
- ReraGenie IDRG-MH-71985
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on11 Apr 2018
- Promised completion30 Nov 2020
- Revised completionNone
- Buildings1 building record
- Documents filed53 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| PHATAK CAPITAL | NA | 10 | 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 11 Oct 2024, 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.
11 of 11 construction stages are filed complete.
PHATAK CAPITAL: 100% average across the applicable activities
| 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 11 Oct 2024, 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 | No | Not applicable |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | No | Not applicable |
| 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 | No | Not applicable |
| Open Parking | Yes | 100% |
Parking filed153
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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | GEETANJALI V MOTE |
| Engineer | ER TUSHAR PATIL |
| Chartered Accountant | CA SHREYAS KAKIRDE |
| Partner | Role in project |
|---|---|
| M/s Phatak 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 6 Apr 2018 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 6 Apr 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 6 Apr 2018 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 6 Apr 2018Confirm 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 20 Jul 2022
Documents filed53
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: Society Registration Certificate - Phatak Capital.pdf | 11 Oct 2024 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Society Registration Certificate - Phatak Capital.pdf | 11 Oct 2024 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE OF SOLD 31-03-2020.pdf | 17 Jan 2024 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4 -Capital.pdf | 22 Dec 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital March 2020-.pdf | 26 Oct 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: Form 5- Capital 2018-19.pdf | 26 Oct 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Form 5 Capital - 2019-20.pdf | 26 Oct 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form 2A Capital.pdf | 21 Oct 2023 |
| Disclosure of sold/ booked inventoryFile: Capital Sold Inventory.pdf | 21 Oct 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital June 2018.pdf | 21 Oct 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital Sep 2018.pdf | 21 Oct 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital Dec 2018.pdf | 21 Oct 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital March 2019.pdf | 21 Oct 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital June 2019.pdf | 21 Oct 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital Sep 2019.pdf | 21 Oct 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital Dec 2019.pdf | 21 Oct 2023 |
| Certificates of CA (Form 3)File: Form 3 Capital March 2020.pdf | 21 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 P Capital June 2018.pdf | 10 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 P Capital Sep 2018.pdf | 10 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 P Capial Dec 2018.pdf | 10 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 P Capital March 2019.pdf | 10 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 P Capital June 2019.pdf | 10 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 P Capital Sept 2019.pdf | 10 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 P Capital Dec 2019.pdf | 10 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 P Capital March 2020.pdf | 10 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Capital June 2018.pdf | 10 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Capital Sep 2018.pdf | 10 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Capital Dec 2018.pdf | 10 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Capital March 2019.pdf | 10 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Capital June 2019.pdf | 10 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Capital Sept 2019.pdf | 10 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Capital Dec 2019.pdf | 10 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Capital March 2020.pdf | 10 Oct 2023 |
| Declaration about Commencement CertificateFile: DECLARATION ABOUT COMMENCEMENT CERTIFICATE.pdf | 28 Aug 2023 |
| Proforma of Agreement for saleFile: Sathekhat- blank format (1).pdf | 28 Aug 2023 |
| Deviation Report with respect to Allotment letterFile: Deviation with respect to allotment letter.pdf | 28 Aug 2023 |
| Deviation Report with respect to model copy of AgreementFile: Deviation with respect to Agreement for sale.pdf | 28 Aug 2023 |
| CERSAI detailsFile: CERSAI REPORT.pdf | 14 Aug 2023 |
| Details of encumbrances concerned to FinanceFile: Declaration to Legal.pdf | 23 Feb 2023 |
| Details of encumbrances concerned to LegalFile: Declaration to Legal.pdf | 23 Feb 2023 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form - 4.pdf | 3 Feb 2023 |
| PAN CardFile: Pan Card.pdf | 2 Feb 2023 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Occupancy certificate.pdf | 20 Jul 2022 |
| Layout approvalFile: SITE PLAN.pdf | 6 Apr 2018 |
| Building plan approvalFile: SANCTION PLAN.pdf | 6 Apr 2018 |
| Copy of the legal title reportFile: search report 1.pdf | 6 Apr 2018 |
| Details of encumbrancesFile: encumbrance certi.pdf | 6 Apr 2018 |
| Copy of Layout Approval (in case of layout)File: SITE PLAN.pdf | 6 Apr 2018 |
| Building Plan Approval (IOD)File: SANCTION PLAN.pdf | 6 Apr 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: commencement certi.pdf | 6 Apr 2018 |
| Declaration in FORM BFile: form b.pdf | 6 Apr 2018 |
| Certificates of CA (Form 3)File: ca reprot.pdf | 6 Apr 2018 |
| Proforma of Allotment letterFile: ALLOTMENT LETTER.pdf | 6 Apr 2018 |
Promoter's earlier projects2
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 |
|---|---|---|---|---|---|
| Padmashree Gruhsankul | Nandanvan nagar At po Jalgaon Tal Dapoli | 9 | Completed | Jun 2015 | May 2015 |
| Varadashree GruhSankul | At Brahmanwadi Po Jalgaon Tal Dapoli DIst Ratnagiri | 16 | Completed | Oct 2014 | Sep 2014 |
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How this compares with Ratnagiri
Computed across the 1,100+ Ratnagiri projects on ReraGenie, from their own filings.
Buyer report
Useful on a completed registration when you are buying resale, or checking what was promised against what was delivered.
- 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 and every project registered within 2 km, which the RERA portal never shows together
- All 53 filed documents as one ZIP, foldered, with a manifest
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Builder: M/s Phatak Developers
M/s Phatak Developers has 4 registrations on MahaRERA, including Phatak Capital and Lakshminarayan Residency. 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 Ratnagiri district page.
Frequently asked questions
What are my rights if Phatak Capital is delayed beyond 30 Nov 2020?
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 Phatak Capital?
The registered promoter entity is M/s Phatak 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 Phatak Capital?
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 Phatak Capital?
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 Phatak Capital?
The professionals named in the filing: Architect: GEETANJALI V MOTE; Engineer: ER TUSHAR PATIL; Chartered Accountant: CA SHREYAS KAKIRDE. 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 Phatak Capital?
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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