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RISHABH AVENUE PHASE I
RG-MH-23976 · RERA P52100006466 · Last updated on MahaRERA portal: 2 Feb 2021
Source: official MahaRERA filing
Red flags
- Completion date moved by 31 months
- 2 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
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.
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RISHABH AVENUE PHASE I is a Commercial project by VISHWAMITRA AND RATHI in Pune, Maharashtra, registered with MahaRERA as P52100006466 on 14 Aug 2017. The registration is recorded completed; possession was promised by 30 Oct 2020. The completion date has moved by 31 months from the original filing.
At a glance
Project
- NameRISHABH AVENUE PHASE I
- TypeCommercial
- Location
- LAXMI ROAD
- LAXMI ROAD NEAR VIJAY TALKIES
- Pune (M Corp.)
- Pune City
- Pune
- 411030
- Pincode411030
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100006466
- ReraGenie IDRG-MH-23976
Builder
- NameVISHWAMITRA AND RATHI
- Entity typePartnership
- PartnerASHOK SHREEKRISHNA BEHARAY
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on14 Aug 2017
- Promised completion30 Oct 2020
- Revised completionRevised to 30 Oct 2020 (originally 31 Mar 2018)
- Buildings1 building record
- Documents filed16 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| SHOW ROOM | 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 2 Feb 2021, 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.
7 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 80%.
SHOW ROOM: 75% 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 | 80% |
| Sanitary Fittings within the flats / premises | 0% |
| 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. | 50% |
Progress on shared amenities15
As on 2 Feb 2021, 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 | No | Not applicable |
| 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 | No | Not applicable |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 50% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed1
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 | KESHAV N DESAI |
| Partner | Role in project |
|---|---|
| VISHWAMITRA AND RATHI | - |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterThe site for this project is in Gaothan area of Pune city. As per the old D.C rules 1987, TDR was not allowed in Gaothan area and plans for the building were approved for Ground and 3 floors under CC/2309/13 dated 19/10/2013. In the draft development plan and D.C rules 2011 for Pune city, only 1.50 FSI was permissible. As our case was having old sanction with 2.00 FSI and old building was demolished and agreement with old tenants was done, we were given hearing under section 51(1) of the MRTP ACT 1966 and plans were re-instated with 2.00 FSI. The draft development rules were finalized in 2017
Reason as filed by the promoterEXPLAINATION FOR DELAY IN WORK: Registration of Maha Rera was done for Ground floor showroom only as Phase -1. Other than the showroom there is a shop which was completed and completion certificate for shop no 2 was obtained under no OCC/0046/16 dated 07/04/2016. The site for this project is in Gaothan area of Pune city. As per the old D.C rules 1987, TDR was not allowed in Gaothan area and plans for the building were approved for Ground and 3 floors under CC/2309/13 dated 19/10/2013. In the draft development plan and D.C rules 2011 for Pune city, only 1.50 FSI was permissible. As our case was
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 31 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 31 Jul 2017 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 31 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 31 Jul 2017Confirm 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 |
|---|---|
| Architect’s Certificate on Completion of Project (Form 4)File: Form-4 Architect Certificate for completion of project.pdf | 2 Feb 2021 |
| Certificates of CA (Form 5)File: Form 5-LAGOO PROPERTY DT 110119.pdf | 11 Jan 2019 |
| Building plan approvalFile: LAGOO PLAN 2 2.pdf | 31 Jul 2017 |
| Layout approvalFile: VRLAGOO PLAN 1 2.pdf | 31 Jul 2017 |
| PAN CardFile: V AND R PAN CARD.pdf | 31 Jul 2017 |
| Copy of the legal title reportFile: Title Flow for Lagu Property.pdf | 31 Jul 2017 |
| Details of encumbrancesFile: DETAILS OF INCUMBRANCES.pdf | 31 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: VRLAGOO PLAN 1 2.pdf | 31 Jul 2017 |
| Building Plan Approval (IOD)File: LAGOO PLAN 2 2.pdf | 31 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: COMMENCEMENT CERTIFICATE.pdf | 31 Jul 2017 |
| Declaration in FORM BFile: form B V And R.pdf | 31 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: ARCHITECTS CERTIFICATE.pdf | 31 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: ENGG CERTIFICATE.pdf | 31 Jul 2017 |
| Certificates of CA (Form 3)File: CA CERTIFICATE.pdf | 31 Jul 2017 |
| Proforma of Allotment letterFile: draft agreement.pdf | 31 Jul 2017 |
| Proforma of Allotment letterFile: Allotment Letter.pdf | 31 Jul 2017 |
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Buyer report
Useful on a completed registration when you are buying resale, or checking what was promised against what was delivered.
- 2 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 16 filed documents as one ZIP, foldered, with a manifest
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Builder: VISHWAMITRA AND RATHI
VISHWAMITRA AND RATHI has 1 registration on MahaRERA, including RISHABH AVENUE PHASE I. 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 RISHABH AVENUE PHASE I is delayed beyond 30 Oct 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 RISHABH AVENUE PHASE I?
The registered promoter entity is VISHWAMITRA AND RATHI, 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 RISHABH AVENUE PHASE I?
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 RISHABH AVENUE PHASE I?
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 RISHABH AVENUE PHASE I?
The professionals named in the filing: Architect: KESHAV N DESAI. 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 RISHABH AVENUE PHASE I?
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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