Home / Browse projects / Pune, Maharashtra / SHAMBHAVI PALACE
SHAMBHAVI PALACE
By N K COMPANY
RG-MH-25608 · RERA P52100012814 · Last updated on MahaRERA portal: 14 Jul 2022
Source: official MahaRERA filing
Red flags
- 1 complaint at MahaRERA
- Completion date moved by 62 months
- 1 extension taken
Clear
- No litigation declared
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
3 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.
SHAMBHAVI PALACE is a Residential / Group Housing project by N K COMPANY in Pune, Maharashtra, registered with MahaRERA as P52100012814 on 7 Sep 2017. The registration is recorded completed; possession was promised by 31 May 2023. The completion date has moved by 62 months from the original filing. 1 complaint is on record with the regulator.
At a glance
Project
- NameSHAMBHAVI PALACE
- TypeResidential / Group Housing
- Location
- WAGHOLI
- Haveli
- Pune
- 412207
- Pincode412207
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100012814
- ReraGenie IDRG-MH-25608
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on7 Sep 2017
- Promised completion31 May 2023
- Revised completionRevised to 31 May 2023 (originally 31 Mar 2018)
- Buildings1 building record
- Documents filed33 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| SHAMBHAVI PALACE | NA | 5 | 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 14 Jul 2022, 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.
10 of 11 construction stages are filed complete. The stage furthest along is Podiums (if any), at 0%.
SHAMBHAVI PALACE: 91% 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 | 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 14 Jul 2022, 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 | Yes | 100% |
| 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 | Yes | 100% |
| 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 | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | Yes | 100% |
| Open Parking | No | Not applicable |
Land and ownership6
MahaRERA does not publish landowner contact details. MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| SUBHASH FAND | - | Pune |
| SUDHAKAR DHOKALE | - | Pune |
| NIRMALA TOPE | - | Pune |
| LEELA PILLAI | - | Pune |
| RAJU POONARAM SOLANI | - | Pune |
| MUKESH POONARAM SOLANI | - | 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.
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 | Shri Prashant Kulkarni |
| Engineer | Mr Bal Kulkarni |
| Partner | Role in project |
|---|---|
| N K COMPANY | - |
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 promoterIn the said project some flats are unsold thus in order to complete the sale procedure and execute agreement for remaining Flats, there is a need to extend the date of completion of the said project for further 1 year i.e., up till May 2023 as the registrar does not accept expired RERA Certificate. Thus, we humbly request you to grant the project extension for till May 2023.
Complaints filed with MahaRERA1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CC005000000054201 | Shridhar Mali | N K COMPANY | 28/04/2020 |
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 30 Aug 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 31 Aug 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 Aug 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 12 Jul 2022Confirm 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 30 Jul 2021
Documents filed33
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 |
|---|---|
| Disclosure of sold/ booked inventoryFile: Shambhavi Palace_Disclosure of sold and booked Inventory (2).pdf | 14 Jul 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: Shambhavi Palace_Commencement Certificate.pdf | 12 Jul 2022 |
| Declaration about Commencement CertificateFile: Shambhavi Palace_Declaration about commencement certificate.pdf | 12 Jul 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Shambhavi Palace_FORM-2A_Engineer Certificate March_2019.pdf | 12 Jul 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Shambhavi Palace_FORM-2A_Engineer Certificate March_2020.pdf | 12 Jul 2022 |
| CERSAI detailsFile: Shambhavi Palace_CERSAI undertaking.pdf | 12 Jul 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2017-18)File: Form 5 Certificate 2017-18.pdf | 12 Jul 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: Form 5 Certificate 2018-19.pdf | 12 Jul 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Form 5 Certificate 2019-20.pdf | 12 Jul 2022 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC inward Acknwl.pdf | 30 Jul 2021 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Society Certifcate.pdf | 30 Jul 2021 |
| OtherFile: Brosher Amenities.pdf | 30 Jul 2021 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form-4.pdf | 24 Nov 2019 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form-4.pdf | 24 Nov 2019 |
| Building plan approvalFile: Plan 1- final.pdf | 31 Aug 2017 |
| Building plan approvalFile: Plan 2 Final.pdf | 31 Aug 2017 |
| Layout approvalFile: Plan 2 Final.pdf | 31 Aug 2017 |
| Layout approvalFile: Plan 1- final.pdf | 31 Aug 2017 |
| Details of encumbrancesFile: Legal Encumbrance.pdf | 31 Aug 2017 |
| Copy of Layout Approval (in case of layout)File: Plan 2 Final.pdf | 31 Aug 2017 |
| Copy of Layout Approval (in case of layout)File: Plan 1- final.pdf | 31 Aug 2017 |
| Building Plan Approval (IOD)File: Plan 1- final.pdf | 31 Aug 2017 |
| Building Plan Approval (IOD)File: Plan 2 Final.pdf | 31 Aug 2017 |
| Declaration in FORM BFile: Form B ShambhaviPalace.pdf | 31 Aug 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect certificate-final.pdf | 31 Aug 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engg - 1.pdf | 31 Aug 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engg 2.pdf | 31 Aug 2017 |
| Certificates of CA (Form 3)File: Certificate Form - final.pdf | 31 Aug 2017 |
| Proforma of Allotment letterFile: Draft_Agreement-RERA.pdf | 31 Aug 2017 |
| OtherFile: NA Order.pdf | 31 Aug 2017 |
| Copy of the legal title reportFile: Title Serch Shambhavi Palace.pdf | 30 Aug 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 30 Aug 2017 |
| PAN CardFile: NKC PAN.pdf | 26 Aug 2017 |
Promoter's earlier projects1
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 |
|---|---|---|---|---|---|
| SHAMBHAVI CLASSIC | Sr. No. 55 Tuljabhaninagar Kharadi Pune | 9 | Completed | Oct 2016 | Late, Dec 2018 |
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
Useful on a completed registration when you are buying resale, or checking what was promised against what was delivered.
- 3 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 3 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 33 filed documents as one ZIP, foldered, with a manifest
Keep SHAMBHAVI PALACE 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 WAGHOLI13,700+ in Pune
Filed coordinates, straight-line distance. 62 registered projects within 2 km.
Yashwin Enchante Phase 2
Vilas Javdekar Infinitee Developers Pvt. L
Godrej Greens
DREAM WORLD LANDMARKS LLP
Yashwin Enchante Phase 1
Vilas Javdekar Infinitee Developers Pvt. L
Kohinoor Kaleido
Intofinity Promoters Private Limited
VIJAY VIHAR
COL. RPS RAWAT
FLAMANTE BY VTP LUXE PHASE 1
INTEGRATED BUSINESS ECOSYSTEM PRIVATE LIMI
Builder: N K COMPANY
N K COMPANY has 4 registrations on MahaRERA, including SHAMBHAVI CLASSIC and SHAMBHAVI PALACE. Its filings disclose 1 earlier MahaRERA project: declares 0 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 SHAMBHAVI PALACE is delayed beyond 31 May 2023?
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 SHAMBHAVI PALACE?
The registered promoter entity is N K COMPANY, 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 SHAMBHAVI PALACE?
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 do I read the complaint cases filed against SHAMBHAVI PALACE?
Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.
How current is the construction progress shown for SHAMBHAVI PALACE?
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 SHAMBHAVI PALACE?
The professionals named in the filing: Architect: Shri Prashant Kulkarni; Engineer: Mr Bal Kulkarni. 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 SHAMBHAVI PALACE?
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