Home / Browse projects / Pune, Maharashtra / SPRING VALLEY
SPRING VALLEY
RG-MH-15245 · RERA P52100028832 · Last updated on MahaRERA portal: 22 Jan 2025
Source: official MahaRERA filing
Red flags
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
- All 1 earlier projects delivered on promise
1 condition is 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.
SPRING VALLEY is a Residential / Group Housing project by R K ICON ASSOCIATES in Pune, Maharashtra, registered with MahaRERA as P52100028832 on 5 Apr 2021. The registration is recorded completed; possession was promised by 30 Sep 2023.
At a glance
Project
- NameSPRING VALLEY
- TypeResidential / Group Housing
- Location
- HADAPSAR MUNDWA ROAD
- MAGARPATTA
- Hadapsar
- Haveli
- Pune
- 412201
- Pincode412201
- RERA no.P52100028832
- ReraGenie IDRG-MH-15245
Builder
- NameR K ICON ASSOCIATES
- Entity typeOthers
- Named personsVANESSA AND ASSOCIATES, ALI ALIAKBAR JAFARINAIMI, MUFADDAL MOHMEDI PATWA, MUSTUFA MOHMEDI PATWA, MURTAZA MOHMEDI PATWA
- Declared earlier projects1 →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on5 Apr 2021
- Promised completion30 Sep 2023
- Revised completionNone
- Buildings1 building record
- Documents filed107 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| ORCHID | NA | 14 | 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 22 Jan 2025, 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%.
ORCHID: 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 22 Jan 2025, 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 | Yes | 100% |
| Solid Waste Management And Disposal | Yes | 100% |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | Yes | 100% |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | Yes | 100% |
| 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 ownership3
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 |
|---|---|---|
| ALI A JAFARINAIMI | Pune (CB) | Pune |
| TULSIRAM MANDHARE | Pune (CB) | Pune |
| SPRING VALLEY CO-OP HSG SOCIETY | Pune (CB) | 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 partners
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Partner | Role in project |
|---|---|
| R K ICON ASSOCIATES | - |
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 promoterAs per our first sanction plan we had units from 3rd to 9th floor, whose occupancy certificate is already received and uploaded on website. There is addition of 2 floors (10th and 11th floor) in the new revised plan dated 07.03.2022,we have almost completed the project till 11th floor,but we need the occupancy and completion certificate so we need to extend the Project completion date by one year.
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 1 Apr 2021 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 26 Sep 2023 - 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 Sep 2023 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 26 Feb 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 22 Jan 2025
Documents filed107
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath; the newest 80 of 107 are shown. 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.pdf | 22 Jan 2025 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Completion Certificates New 220102024.pdf | 22 Jan 2025 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4 sign.pdf | 30 Dec 2024 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: Society_Formation.pdf | 30 Dec 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Completion Certificates New.pdf | 30 Dec 2024 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4 sign.pdf | 28 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 30062024.pdf | 28 Dec 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A 30062024.pdf | 28 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: R K ICON FORM 1 CERTIFICATE.pdf | 19 Dec 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 Spring Valley 30062024 sign_compress.pdf | 19 Dec 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of sold unsold 30062024.pdf | 19 Dec 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5_ Spring Valley _FY 2023-2024.pdf | 6 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: R K ICON FORM 1 CERTIFICATE.pdf | 18 May 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 As on 31032024.pdf | 17 May 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of sold unsold.pdf | 17 May 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 Spring Valley 31032024-compress.pdf | 17 May 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 r k icon 31122023.pdf | 19 Jan 2024 |
| Disclosure of sold/ booked inventoryFile: Sold Unsold r k icon 31122023.pdf | 16 Jan 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 Spring Valley 31122023 both sign_compressed.pdf | 16 Jan 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 31122023.pdf | 12 Jan 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 R K ICON 30092203.pdf | 31 Oct 2023 |
| Disclosure of sold/ booked inventoryFile: disclosure sold unsold 30092023.pdf | 31 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 Spring Valley 30092023 both sign_compressed (1).pdf | 31 Oct 2023 |
| Declaration in FORM BFile: Form B _29092024.pdf | 5 Oct 2023 |
| Layout approvalFile: 1.pdf | 26 Sep 2023 |
| Building plan approvalFile: 2 PARKING.pdf | 26 Sep 2023 |
| Building plan approvalFile: 5_8TH AND 10TH FLOOR.pdf | 26 Sep 2023 |
| Building plan approvalFile: 6-11TH FLOOR.pdf | 26 Sep 2023 |
| Copy of Layout Approval (in case of layout)File: 1.pdf | 26 Sep 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: 2 PARKING.pdf | 26 Sep 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: 5_8TH AND 10TH FLOOR.pdf | 26 Sep 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: 6-11TH FLOOR.pdf | 26 Sep 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5 FY 22 23 FINAL.pdf | 21 Aug 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 signed.pdf | 8 Aug 2023 |
| Proforma of Agreement for saleFile: MODEL FORM OF AGREEMENT TO SALE.pdf | 3 Aug 2023 |
| PAN CardFile: r k icon pancard.pdf | 2 Aug 2023 |
| Disclosure of sold/ booked inventoryFile: disclosure 300623.pdf | 31 Jul 2023 |
| Proforma of Allotment letterFile: draft allotment letter rkicon_compressed.pdf | 31 Jul 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1 SIGNED.pdf | 20 Jul 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: form 2a fy 2122.pdf | 20 Jul 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: form 2a fy 2223.pdf | 20 Jul 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Rk icon 30032023_both sing_compressed (1).pdf | 20 Jul 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: form 3 spring valley 30-06-23 both sign_compressed.pdf | 20 Jul 2023 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: part Completion Certificate rk icon.pdf | 20 Jul 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 31032023.pdf | 28 Jun 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: R K Form 2 done_compressed.pdf | 28 Jun 2023 |
| Disclosure of sold/ booked inventoryFile: R K Sold flats disclosure .pdf | 28 Jun 2023 |
| Details of encumbrances concerned to FinanceFile: Encumbrance merged.pdf | 21 Mar 2023 |
| Details of encumbrances concerned to LegalFile: Encumbrance merged.pdf | 21 Mar 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest in other real estate organisations - ALI ALIAKBAR JAFARINAIMI.pdf | 21 Mar 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest in other real estate organisations - MUFADDAL MOHMEDI PATWA.pdf | 21 Mar 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest in other real estate organisations - MURTAZA MOHMEDI PATWA.pdf | 21 Mar 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest in other real estate organisations - MUSTUFA MOHMEDI PATWA.pdf | 21 Mar 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Disclosure of Interest in other real estate organisations - VANESSA AND ASSOCIATES.pdf | 21 Mar 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Declaration About Separate Bank Account For Real Estate Projects.pdf | 21 Mar 2023 |
| Deviation Report with respect to Allotment letterFile: Deviation Report with respect to Allotment letter.pdf | 21 Mar 2023 |
| Deviation Report with respect to model copy of AgreementFile: Deviation Report with respect to model copy of Agreement.pdf | 21 Mar 2023 |
| Disclosure of sold/ booked inventoryFile: DISCLOSURE SPRING VALLEY 31122022.pdf | 6 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 31122022 rk icon.pdf | 27 Jan 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 31122022.pdf | 27 Jan 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Spring Valley 31122022 signed_compressed.pdf | 27 Jan 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1.pdf | 23 Dec 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 300922 SIGNED1.pdf | 23 Dec 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: RK ICON FORM 5 21-22.pdf | 5 Oct 2022 |
| Disclosure of sold/ booked inventoryFile: SOLD UNSOLD DETAILS.pdf | 8 Sep 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Bhushan Rathod Form-2_compressed.pdf | 2 Sep 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Priyanka Chordiya And Associates Form-3-1.pdf | 2 Sep 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form -1 As on 31032022.pdf | 2 Jun 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form -1 As on 31032022.pdf | 2 Jun 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form-2 as on 3102022-compressed.pdf | 2 Jun 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 as on 31032022.pdf | 2 Jun 2022 |
| CERSAI detailsFile: no cersai certificate.pdf | 23 Feb 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form1 upload.pdf | 31 Jan 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2 new upload.pdf | 31 Jan 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 new 31122021 rkicon signed.pdf | 31 Jan 2022 |
| Declaration about Commencement CertificateFile: DECLARATION OF CC.pdf | 17 Nov 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 300921.pdf | 17 Nov 2021 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form -2_compressed.pdf | 17 Nov 2021 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form -2.pdf | 17 Nov 2021 |
| Disclosure of sold/ booked inventoryFile: RKicon Disclosure as on 30092021 FINAL.pdf | 17 Nov 2021 |
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 |
|---|---|---|---|---|---|
| SPRING VALLEY | 137-1-C HADAPSAR PUNE | 144 | Completed | Mar 2010 | Mar 2010 |
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Buyer report
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- 1 condition on this project's record read and explained, with the clear checks alongside
- All 107 filed documents as one ZIP, foldered, with a manifest
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Builder: R K ICON ASSOCIATES
R K ICON ASSOCIATES has 1 registration on MahaRERA, including SPRING VALLEY. Its filings disclose 1 earlier MahaRERA project: declares 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 SPRING VALLEY is delayed beyond 30 Sep 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 SPRING VALLEY?
The registered promoter entity is R K ICON ASSOCIATES, 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 SPRING VALLEY?
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 SPRING VALLEY?
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.
What should I check before booking in SPRING VALLEY?
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; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.
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