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Shree Varad Residency
By Mr. Gurbasappa Mallappa Shetty & Smt. Ambavaa Mallappa Shetty
RG-MH-26204 · RERA P52600013916 · Last updated on MahaRERA portal: 17 Jul 2024
Source: official MahaRERA filing
Red flags
- 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
- 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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Shree Varad Residency is a Others project by Mr. Gurbasappa Mallappa Shetty & Smt. Ambavaa Mallappa Shetty in Solapur, Maharashtra, registered with MahaRERA as P52600013916 on 2 Nov 2017. The registration is recorded completed; possession was promised by 29 Dec 2022. The completion date has moved by 12 months from the original filing.
At a glance
Project
- NameShree Varad Residency
- TypeOthers
- Location
- Dahitane Road
- Shelagi
- Solapur (M Corp.)
- Solapur North
- Solapur
- 413006
- Pincode413006
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52600013916
- ReraGenie IDRG-MH-26204
Builder
- NameMr. Gurbasappa Mallappa Shetty & Smt. Ambavaa Mallappa Shetty
- Entity typeOthers
- PartnerAmbavva Mallappa Shetty
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on2 Nov 2017
- Promised completion29 Dec 2022
- Revised completionRevised to 29 Dec 2022 (originally 30 Dec 2021)
- Buildings1 building record
- Documents filed28 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Shree Varad Residency | NA | 7 | 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 17 Jul 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.
8 of 11 construction stages are filed complete. The stage furthest along is Basement (if any), at 0%.
Shree Varad Residency: 73% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| 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 amenities17
As on 17 Jul 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 | Yes | 100% |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | Yes | 100% |
| 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 | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | Yes | 100% |
| Under Ground Water tank | Yes | 100% |
| Compound Wall | Yes | 100% |
Parking filed5
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 partners2
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Amit Shetty |
| Engineer | Rahul Darvekar & Associates |
| Partner | Role in project |
|---|---|
| Mr. Gurbasappa Mallappa Shetty & Smt. Ambavaa Mallappa Shetty | - |
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 promoterOur Project is in small city. People are expecting ready possession flats than under construction building. we had very poor response for booking, so we had slowed down the construction activity. Now after lockdown , we have speed up the construction of the project & it is expected to finish the project by 29th Dec 2022 irrespective of Bookings.
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 4 Oct 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 4 Oct 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 19 Aug 2021 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 19 Aug 2021Confirm 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 17 Jul 2024
Documents filed28
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 |
|---|---|
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Cert_FO_359864_382wKdlwSign.pdf | 17 Jul 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Solapur Part OC.pdf | 27 Dec 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: QA 19-20.pdf | 25 Feb 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: QA 20-21.pdf | 25 Feb 2022 |
| PAN CardFile: Pan card.pdf | 12 Jan 2022 |
| Declaration about Commencement CertificateFile: Declration about CC.pdf | 12 Jan 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 210112 Form1 Q3 21-22.pdf | 12 Jan 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: FORM 5 CA CERTIFIED-4 20-21.pdf | 12 Jan 2022 |
| Disclosure of sold/ booked inventoryFile: 1 Disclosure of sold Inventory.pdf | 12 Jan 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2017-18)File: FORM 5 CA CERTIFIED-1 17-18.pdf | 12 Jan 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: FORM 5 CA CERTIFIED-2 18-19.pdf | 12 Jan 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: FORM 5 CA CERTIFIED-3 19-20.pdf | 12 Jan 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: FORM 5 CA CERTIFIED-4 20-21.pdf | 12 Jan 2022 |
| Building plan approvalFile: Sanction Plan.pdf | 19 Aug 2021 |
| Building Plan Approval (IOD)File: Sanction Plan.pdf | 19 Aug 2021 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 19 Aug 2021 |
| Building plan approvalFile: Layout.pdf | 23 Nov 2018 |
| Building Plan Approval (IOD)File: Layout.pdf | 23 Nov 2018 |
| Building plan approvalFile: Sanctioned Layout-.pdf | 4 Oct 2017 |
| Layout approvalFile: Sanctioned Layout-.pdf | 4 Oct 2017 |
| Copy of the legal title reportFile: Tital search report- 1.pdf | 4 Oct 2017 |
| Details of encumbrancesFile: Encurmbnces Certificate.pdf | 4 Oct 2017 |
| Copy of Layout Approval (in case of layout)File: Sanctioned Layout-.pdf | 4 Oct 2017 |
| Building Plan Approval (IOD)File: Sanctioned Layout-.pdf | 4 Oct 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 4 Oct 2017 |
| Declaration in FORM BFile: Form B.pdf | 4 Oct 2017 |
| Certificates of CA (Form 3)File: Form 3 CA Certificate.pdf | 4 Oct 2017 |
| Proforma of Allotment letterFile: Model Agreement.pdf | 4 Oct 2017 |
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Buyer report
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- 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 28 filed documents as one ZIP, foldered, with a manifest
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Builder: Mr. Gurbasappa Mallappa Shetty & Smt. Ambavaa Mallappa Shetty
Mr. Gurbasappa Mallappa Shetty & Smt. Ambavaa Mallappa Shetty has 1 registration on MahaRERA, including Shree Varad Residency. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Solapur district page.
Frequently asked questions
What are my rights if Shree Varad Residency is delayed beyond 29 Dec 2022?
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 Shree Varad Residency?
The registered promoter entity is Mr. Gurbasappa Mallappa Shetty & Smt. Ambavaa Mallappa Shetty, an others 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 Shree Varad Residency?
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 Shree Varad Residency?
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 Shree Varad Residency?
The professionals named in the filing: Architect: Amit Shetty; Engineer: Rahul Darvekar & 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 Shree Varad Residency?
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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