Home / Browse projects / Thane, Maharashtra / SPM Lake City Phase II Part 1
SPM Lake City Phase II Part 1
By KOTHARI & DESHMUKH LANDMARK LLP
RG-MH-28112 · RERA P51700024808 · Last updated on MahaRERA portal: 4 Feb 2026
Source: official MahaRERA filing
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Red flags
- 1 complaint at MahaRERA
- Completion date moved by 34 months
- 1 extension taken
- Rs 9.00 crore secured on the land, in favour of Motilal Oswal Home Finance Limited
Clear
- No litigation declared
- 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.
See what the report covers Free either way: or have every new Thane 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.
SPM Lake City Phase II Part 1 is a Residential / Group Housing project by KOTHARI & DESHMUKH LANDMARK LLP in Thane, Maharashtra, registered with MahaRERA as P51700024808 on 9 Mar 2020. Possession is promised by 30 Nov 2028. The completion date has moved by 34 months from the original filing. 68 of the 199 units on this registration are recorded sold or booked, and 18 of 33 construction stages are filed complete. 1 complaint is on record with the regulator.
At a glance
Project
- NameSPM Lake City Phase II Part 1
- TypeResidential / Group Housing
- Location
- Gut No 56/2 Karav Village
- Karav Village
- Vangani (CT)
- Ambarnath
- Thane
- 421503
- Pincode421503
- RERA no.P51700024808
- ReraGenie IDRG-MH-28112
Builder
- NameKOTHARI & DESHMUKH LANDMARK LLP
- Entity typePartnership
- PartnersMAHESH VINAYCHAND KOTHARI, SUNILKUMAR VINAYCHAND KOTHARI, PANKAJKUMAR VINAYCHAND KOTHARI
- Other registrations1 more →
- No longer live1 lapsed, de-registered or revoked
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on9 Mar 2020
- Promised completion30 Nov 2028
- Revised completionRevised to 30 Nov 2028 (originally 30 Jan 2026)
- Buildings3 building records
- Documents filed70 files
Current status
Figures as on 4 Feb 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Wing D | NA | 6 | 4 | 80 | 0 | 80 |
| Wing E | NA | 6 | 4 | 76 | 0 | 76 |
| Wing L | NA | 6 | 4 | 43 | 0 | 43 |
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 building3
As on 4 Feb 2026, 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.
18 of 33 construction stages are filed complete across 3 buildings. The stage furthest along is Internal walls, at 80%.
Wing D64%
| 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. | 20% |
| 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. | 0% |
Wing E47%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| Slabs of Super Structure | 60% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 60% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 0% |
| 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. | 0% |
Wing L73%
| 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 | 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. | 0% |
Progress on shared amenities15
As on 4 Feb 2026, 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 | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| Community Buildings | Yes | 0% |
| 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 | No | Not applicable |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | Yes | 0% |
Parking filed3
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.
| Building | Closed/Covered | Total |
|---|---|---|
| Wing D | 1 | 1 |
| Wing E | 1 | 1 |
| Wing L | 1 | 1 |
Land and ownership
A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| Wing D | NA | Rs 6.90 cr | Rs 5.59 cr |
| Wing E | NA | Rs 5.55 cr | Rs 2.58 cr |
| Wing L | NA | Rs 4.41 cr | Rs 3.84 cr |
| - | NA | Rs 2.93 cr | - |
Certifying professionals and partners5
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Destination Architecture Interior Designs |
| Engineer | Designage Consulting Structural Engineers |
| Chartered Accountant | KIRTANE & PANDIT LLP |
| Chartered Accountant | A S K A & Co. |
| Chartered Accountant | Joshi Kale & Associates |
| Partner | Role in project |
|---|---|
| KOTHARI & DESHMUKH LANDMARK LLP | - |
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 promoterThe project has been delayed due to general market slowdowns and disruptions in material availability, which have affected the pace of construction.
Complaints filed with MahaRERA1
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CC12602662 | INDRAJEET PRALHAD SURYAWANSHI | KOTHARI & DESHMUKH LANDMARK LLP | 08/05/2026 |
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 26 Feb 2020 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 28 Feb 2020 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 26 Feb 2020 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 26 Feb 2020Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot due yet
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
possession is promised for 30 Nov 2028
Documents filed70
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 |
|---|---|
| Form 1File: Signed Form 1.pdf | 4 Feb 2026 |
| Form 2File: Signed Form 2.pdf | 4 Feb 2026 |
| Form 3File: Signed Form 3.pdf | 4 Feb 2026 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of Sold or Unsold Inventory KD Landmrk LLP.pdf | 4 Feb 2026 |
| Form 1File: Signed Form 1.pdf | 4 Feb 2026 |
| Form 2File: Signed Form 2.pdf | 4 Feb 2026 |
| Form 3File: Signed Form 3.pdf | 4 Feb 2026 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold and unsold Dec 24.pdf | 4 Feb 2026 |
| Form 1File: Signed Form 1.pdf | 4 Feb 2026 |
| Form 2File: Signed Form 2.pdf | 4 Feb 2026 |
| Form 3File: Signed Form 3.pdf | 4 Feb 2026 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of sold and unsold March 25.pdf | 4 Feb 2026 |
| Form 1File: Signed Form 1.pdf | 30 Jan 2026 |
| Form 2File: Signed Form 2.pdf | 30 Jan 2026 |
| Form 3File: KD Landmark Form 3_signed 1_compressed.pdf | 30 Jan 2026 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of Sold or Unsold Inventory KD Landmark LLP- June 2024- Signed.pdf | 30 Jan 2026 |
| Withdrawal Update Form 1File: Signed Form 1.pdf | 30 Jan 2026 |
| Withdrawal Update Form 1File: Signed Form 1.pdf | 30 Jan 2026 |
| Withdrawal Update Form 1File: Signed Form 1.pdf | 30 Jan 2026 |
| Withdrawal Update Form 1File: Signed Form 1.pdf | 30 Jan 2026 |
| Withdrawal Update Form 2File: Kothari and Deshmukh Landmark LLP - Form 2 Jun 2025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 2File: Signed Form 2.pdf | 30 Jan 2026 |
| Withdrawal Update Form 2File: Signed Form 2.pdf | 30 Jan 2026 |
| Withdrawal Update Form 2File: Signed Form 2.pdf | 30 Jan 2026 |
| Withdrawal Update Form 3File: Signed Form 3.pdf | 30 Jan 2026 |
| Withdrawal Update Form 3File: Signed Form 3.pdf | 30 Jan 2026 |
| Withdrawal Update Form 3File: Signed Form 3.pdf | 30 Jan 2026 |
| Withdrawal Update Form 3File: Signed Form 3.pdf | 30 Jan 2026 |
| Form 5 (FY 2024-2025)File: Form 5 FY 24-255 KD Landmark LLP_signed.pdf | 20 Jan 2026 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 05 K D Landmark LLP - Form 1_ Wing D,E,L_2024-06-30.pdf | 27 Jan 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: KD Landmark Form 3_signed 1_compressed.pdf | 27 Jan 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 05 K D Landmark LLP - Form 2 (D, E, L) - Jun 2024.pdf | 27 Jan 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Signed Form 5 FY 23-24.pdf | 9 Dec 2024 |
| Details of encumbrancesFile: Encumbrance Certificate - SMFG India Home Finance Company Limited.pdf | 27 Jun 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Signed Form 3 compressed.pdf | 27 May 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Signed Form 3 Compressed.pdf | 27 May 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Signed_Form 5 FY 22-23_KD Landmark.pdf | 2 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect’s Certificate of Percentage of Completion of Work (Form 1).pdf | 29 Jun 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect’s Certificate of Percentage of Completion of Work (Form 1).pdf | 29 Jun 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer’s Certificate on Cost Incurred on Project (Form 2).pdf | 29 Jun 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer’s Certificate on Cost Incurred on Project (Form 2).pdf | 29 Jun 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: form 5 K D Landmark.pdf | 23 Jan 2023 |
| Proforma of Allotment letterFile: Kothari and Deshmukh Landmark LLP - Draft Agreement.pdf | 3 Oct 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: certifcate -562 -kaav city -rera_compressed.pdf | 1 Oct 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 K D Landmark_compressed.pdf | 1 Oct 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: D Wing - Architect Certificate.pdf | 21 Sep 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: L Wing - Architect Certificate.pdf | 21 Sep 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: E Wing - Architect Certificate.pdf | 21 Sep 2022 |
| Details of encumbrancesFile: KD - Encrumbance_Certificate.pdf | 25 Jun 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: KD Landmark LLP - SPM Lake City - FORM 3.pdf | 4 Mar 2022 |
| Proforma of Allotment letterFile: KD - SPM Lake City - New Draft.pdf | 19 Jan 2022 |
| Layout approvalFile: Plan Wing D compressed.pdf | 28 Feb 2020 |
| Copy of Layout Approval (in case of layout)File: Plan Wing D compressed.pdf | 28 Feb 2020 |
| Proforma of Allotment letterFile: Allotment Letter.pdf | 28 Feb 2020 |
| Layout approvalFile: Layout compressed.pdf | 26 Feb 2020 |
| Layout approvalFile: Layout compressed .pdf | 26 Feb 2020 |
| Layout approvalFile: Plan Wing D compressed.pdf | 26 Feb 2020 |
| Building plan approvalFile: Order from Town Authority compressed.pdf | 26 Feb 2020 |
| PAN CardFile: Co Pan Card compressed.pdf | 26 Feb 2020 |
| Copy of the legal title reportFile: Title Certificate.pdf | 26 Feb 2020 |
| Details of encumbrancesFile: Declaration for No Encumbrances compressed.pdf | 26 Feb 2020 |
| Copy of Layout Approval (in case of layout)File: Layout compressed.pdf | 26 Feb 2020 |
| Copy of Layout Approval (in case of layout)File: Layout compressed .pdf | 26 Feb 2020 |
| Copy of Layout Approval (in case of layout)File: Plan Wing D compressed.pdf | 26 Feb 2020 |
| Building Plan Approval / NA Order for plotted developmentFile: Order from Town Authority compressed.pdf | 26 Feb 2020 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 26 Feb 2020 |
| Declaration in FORM BFile: Partners Declaration compressed.pdf | 26 Feb 2020 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate Phase 2 Part I.pdf | 26 Feb 2020 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: CA Certificate.pdf | 26 Feb 2020 |
| Proforma of Allotment letterFile: Agreement Sample.pdf | 26 Feb 2020 |
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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 the promoter's 1 other registration, which the RERA portal never shows together
- All 70 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
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- An email each time this filing moves: new sales, a moved possession date, an extension, a complaint, the occupancy certificate
- Plain words, conditions that have happened marked in red
- A summary of everything that changed when the 90 days end
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Builder: KOTHARI & DESHMUKH LANDMARK LLP
KOTHARI & DESHMUKH LANDMARK LLP has 2 registrations on MahaRERA, including SPM Lake City Phase II Part 1 and SPM lake City Phase II Part 2. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Thane district page.
Frequently asked questions
What are my rights if SPM Lake City Phase II Part 1 is delayed beyond 30 Nov 2028?
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 SPM Lake City Phase II Part 1?
The registered promoter entity is KOTHARI & DESHMUKH LANDMARK LLP, 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 SPM Lake City Phase II Part 1?
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 SPM Lake City Phase II Part 1?
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 SPM Lake City Phase II Part 1?
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 SPM Lake City Phase II Part 1?
The professionals named in the filing: Architect: Destination Architecture Interior Designs; Engineer: Designage Consulting Structural Engineers; Chartered Accountant: KIRTANE & PANDIT LLP; Chartered Accountant: A S K A & Co.; Chartered Accountant: Joshi Kale & 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 SPM Lake City Phase II Part 1?
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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