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ROYAL LAXMI
RG-MH-16062 · RERA P52100025049 · Last updated on MahaRERA portal: 31 Jan 2025
Source: official MahaRERA filing
Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
At a glance
Project
- NameROYAL LAXMI
- TypeResidential / Group Housing
- Location
- SONAWANE WASTI ROAD
- CHIKHALI
- Haveli
- Pune
- 411062
- Pincode411062
- RERA no.P52100025049
- ReraGenie IDRG-MH-16062
Builder
- NameROYAL BUILDCON
- Entity typePartnership
- Track record1 past project →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on18 Mar 2020
- Promised completion9 Dec 2024
- Revised completionRevised to 9 Dec 2024 (originally 10 Nov 2023)
- Buildings1 building record
- Documents filed32 files
Current status
Figures from the project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| ROYAL LAXMI | NA | 7 | 5 | 18 | 0 | 18 |
These details are filed with MahaRERA and packaged in the Rs 499 buyer report. Create a free account to preview, or read the full report for the verdict.
Builder: ROYAL BUILDCON
Royal Buildcon has 6 registrations in this build, including Royal Garden Phase I and BILIPATRA APARTMENT. Its filings disclose 1 earlier MahaRERA project: 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 ROYAL LAXMI is delayed beyond 9 Dec 2024?
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 ROYAL LAXMI?
The registered promoter entity is ROYAL BUILDCON, a partnership as per the filing. The filing discloses no 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, all downloadable free from this page with a login.
Is my payment protected in ROYAL LAXMI?
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.
Who certifies construction progress at ROYAL LAXMI?
The professionals named in the filing: Chartered Accountant: A V H K and Associates. 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 ROYAL LAXMI?
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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