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Rise Avenue
By Rise Realty
RG-MH-26637 · RERA P52100015816 · Last updated on MahaRERA portal: 21 Jan 2019
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 82 months past the filed date
- Completion date moved by 12 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
4 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.
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Rise Avenue is a Residential / Group Housing project by Rise Realty in Pune, Maharashtra, registered with MahaRERA as P52100015816 on 26 Mar 2018. Possession was promised by 31 Dec 2019 and is now 82 months past that date. The completion date has moved by 12 months from the original filing.
At a glance
Project
- NameRise Avenue
- TypeResidential / Group Housing
- Location
- Balewadi
- Pune (M Corp.)
- Pune City
- Pune
- 411045
- Pincode411045
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100015816
- ReraGenie IDRG-MH-26637
Builder
- NameRise Realty
- Entity typePartnership
- PartnerShubham Sancheti
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on26 Mar 2018
- Promised completion31 Dec 2019
- Revised completionRevised to 31 Dec 2019 (originally 31 Dec 2018)
- Buildings1 building record
- Documents filed19 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Rise Avenue | NA | 6 | 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 21 Jan 2019, 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%.
Rise Avenue: 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 21 Jan 2019, 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) | No | Not applicable |
| Storm Water Drains | No | Not applicable |
| Landscaping & Tree Planting | Yes | 0% |
| 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 | 0% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
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 partners2
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Prakash Chandak |
| Engineer | SUNIL MUTALIK |
| Partner | Role in project |
|---|---|
| Rise Realty | - |
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 promoterTo, Real Estate Regulation Authority, Mumbai. Subject: Explanatory Note for the cause of delay for completion of the project. Request for extension. Respected Authority, We request you to grant an extension for our Project Rise Avenue, under registration P52100012816. The reason for the delay is as follows- 1. We had a major delay in the tiling material ordered, as the vendor hadn't processed the batch as ordered. 2. We lost a crucial 2 weeks during the assembly elections of 2018 where our contractors for tiling and plumbing had to go back to their home states. 3. The supreme court ordered a s
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 15 Jan 2018 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 16 Jan 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 10 Aug 2018 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 10 Aug 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 filed19
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 |
|---|---|
| Certificates of CA (Form 5)File: Form 5 report (1).pdf | 21 Jan 2019 |
| Building plan approvalFile: Updated Revised Plan.pdf | 10 Aug 2018 |
| Building plan approvalFile: Updated Revised Plan.pdf | 10 Aug 2018 |
| Building Plan Approval (IOD)File: Updated Revised Plan.pdf | 10 Aug 2018 |
| Building Plan Approval (IOD)File: Updated Revised Plan.pdf | 10 Aug 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement for Revised Plan.pdf | 10 Aug 2018 |
| Layout approvalFile: download (1).pdf | 16 Jan 2018 |
| Details of encumbrancesFile: Title Report .pdf | 16 Jan 2018 |
| Copy of Layout Approval (in case of layout)File: download (1).pdf | 16 Jan 2018 |
| Declaration in FORM BFile: Affidavit (1).pdf | 16 Jan 2018 |
| Building plan approvalFile: Rise_Avenue.pdf | 15 Jan 2018 |
| PAN CardFile: PAN - Rise Realty.pdf | 15 Jan 2018 |
| Copy of the legal title reportFile: Title Report .pdf | 15 Jan 2018 |
| Building Plan Approval (IOD)File: Rise_Avenue.pdf | 15 Jan 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 15 Jan 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate.pdf | 15 Jan 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engg Certificate.pdf | 15 Jan 2018 |
| Certificates of CA (Form 3)File: CA certificate.pdf | 15 Jan 2018 |
| Proforma of Allotment letterFile: Agreement Draft Copy (1).pdf | 15 Jan 2018 |
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 4 conditions on this project's record read and explained, with the clear checks alongside
- Joined against every project registered within 2 km, which the RERA portal never shows together
- All 19 filed documents as one ZIP, foldered, with a manifest
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Project watch
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Filed coordinates, straight-line distance. 280 registered projects within 2 km.
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Builder: Rise Realty
Rise Realty has 1 registration on MahaRERA, including Rise Avenue. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What does it mean that Rise Avenue shows as registration lapsed on MahaRERA?
A registration runs until the completion date the promoter declared. If the project is neither completed nor extended by then it lapses, and a de-registration or revocation ends it by order. In every case the promoter may no longer legally advertise, market or sell in the project, and the Authority can act under section 7 against a defaulting promoter. What it does not do is cancel an agreement for sale you have already signed, or extinguish your section 18 right to delay interest or refund; those run from your agreement, not from the registration. Get the current position from the promoter in writing, verify it on the MahaRERA portal, and take legal advice before paying any further instalment.
What are my rights if Rise Avenue is delayed beyond 31 Dec 2019?
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 Rise Avenue?
The registered promoter entity is Rise Realty, 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 Rise Avenue?
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 Rise Avenue?
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 Rise Avenue?
The professionals named in the filing: Architect: Prakash Chandak; Engineer: SUNIL MUTALIK. 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 Rise Avenue?
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.
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