Home / Browse projects / Mumbai Suburban, Maharashtra / THE PALAZZO
THE PALAZZO
By I.S.Builders
RG-MH-34701 · RERA P51800015924 · Last updated on MahaRERA portal: 17 Apr 2025
Source: official MahaRERA filing
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Red flags
- Completion date moved by 48 months
- 2 extensions taken
Clear
- No litigation declared
- No complaints on record
- Separate project account declared
- Allotment letter follows the model form
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.
See what the report covers Free either way: or have every new Mumbai Suburban 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.
THE PALAZZO is a Residential / Group Housing project by I.S.Builders in Mumbai Suburban, Maharashtra, registered with MahaRERA as P51800015924 on 9 Apr 2018. Possession is promised by 31 Dec 2026. The completion date has moved by 48 months from the original filing.
At a glance
Project
- NameTHE PALAZZO
- TypeResidential / Group Housing
- Location
- CST Kalina Road
- Kalina Santacruz East
- Andheri
- Mumbai Suburban
- 400098
- Pincode400098
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51800015924
- ReraGenie IDRG-MH-34701
Builder
- NameI.S.Builders
- Entity typePartnership
- PartnerRajendra Prasad Sharma Partner of Ambit Lifespace LLP
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on9 Apr 2018
- Promised completion31 Dec 2026
- Revised completionRevised to 31 Dec 2026 (originally 30 Dec 2022)
- Buildings1 building record
- Documents filed118 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| THE PALAZZO Wings A and B | NA | 17 | 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 Apr 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%.
THE PALAZZO Wings A and B: 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 17 Apr 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 | No | Not applicable |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | No | Not applicable |
| 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 | Yes | 100% |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 90% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | No | Not applicable |
Parking filed28
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 partners1
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Subhash Karmarkar |
| Partner | Role in project |
|---|---|
| I.S.Builders | - |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterDUE TO COVID 19 NOT ABLE TO COMPLETE PROJECT PLEASE GRANT US EXTENSION TILL 31/12/2026
Reason as filed by the promoterDUE TO COVID-19 AND PERMISSION DELAY THE PROJECT WAS NOT ABLE TO GET COMPLETED ON TIME. WE WOULD LIKE TO REQUEST YOU TO FURTHER GRANT US EXTENSION FOR 12 MONTHS
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 17 May 2019 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 13 Sep 2022 - 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 May 2019 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 22 Nov 2022Confirm 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 31 Dec 2026
Documents filed118
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 118 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 of Percentage of Completion of Work (Form 1)File: Architect CertificateThe Palazzo FORM 1.pdf | 17 Apr 2025 |
| Certificates of CA (Form 3)File: CA Certificate- FORM 3.pdf | 17 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engingeering Certificate FORM 2.pdf | 17 Apr 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf | 16 Jan 2025 |
| Certificates of CA (Form 3)File: form 3.pdf | 16 Jan 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2.pdf | 16 Jan 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf | 19 Oct 2024 |
| Certificates of CA (Form 3)File: form 3.pdf | 19 Oct 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2.pdf | 19 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: form 1.pdf | 12 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: form 2.pdf | 12 Jul 2024 |
| Certificates of CA (Form 3)File: form 3.pdf | 12 Jul 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A.pdf | 3 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT CERTIFICATE THE PALAZZO - MAR-24.pdf | 13 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 ENGINEERING CERTIFICATE- PALLAZO_MAR-24.pdf | 13 Apr 2024 |
| Certificates of CA (Form 3)File: FORM 3 RERA IS BUILDERp_MAR-24.pdf | 13 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Architect Certificate Dec 23.pdf | 24 Jan 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Engineer Certificate Dec 23.pdf | 24 Jan 2024 |
| Certificates of CA (Form 3)File: Form 3 Ca Certificate Dec 23.pdf | 24 Jan 2024 |
| Declaration in FORM BFile: P51800015924_FileName_1.pdf | 10 Jan 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: FORM 2A 21-22 THE PALLAZO.pdf | 9 Jan 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: FORM 2A 22-23 THE PALLAZO.pdf | 9 Jan 2024 |
| Disclosure of sold/ booked inventoryFile: Inventory Disclousure.pdf | 8 Jan 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5 FY 22- 23.pdf | 27 Dec 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate_Sep_23_The Pallazo.pdf | 17 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineering Certificate_Sep_23_The Pallazo.pdf | 17 Oct 2023 |
| Certificates of CA (Form 3)File: CA Certficate Signed _ Sep-23_The Pallazo.pdf | 17 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: From 1 Architect Certificate.pdf | 19 Jul 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Engineer Certificate.pdf | 19 Jul 2023 |
| Certificates of CA (Form 3)File: Form 3 CA Certificate.pdf | 19 Jul 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate - FORM 1 Pallaz.pdf | 20 Apr 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer Certificate _Mar_23_Pallazo.pdf | 20 Apr 2023 |
| Certificates of CA (Form 3)File: CA CERTIFICATE IS BUILDER - SIGNED.pdf | 20 Apr 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT CERTIFICATE.pdf | 25 Jan 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: ENGG CERTIFICETE IS BUILDER DEC22 signed.pdf | 25 Jan 2023 |
| Certificates of CA (Form 3)File: CA CERTIFICATE DEC22 IS BUILDER - SIGNED.pdf | 25 Jan 2023 |
| Disclosure of sold/ booked inventoryFile: Unsold inventory.pdf | 28 Nov 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: CC Copy.pdf | 22 Nov 2022 |
| Declaration about Commencement CertificateFile: CC declaration.pdf | 22 Nov 2022 |
| CERSAI detailsFile: Cersai declaration.pdf | 22 Nov 2022 |
| Declaration about Commencement CertificateFile: CC DECLARATION.pdf | 18 Nov 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Form 5 19-20.pdf | 18 Nov 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form 5 20-21.pdf | 18 Nov 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form 5 21-22.pdf | 18 Nov 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect CERTIFICATE - The Palazzo.pdf | 4 Nov 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg CERTIFICATE - IS BUILDER.pdf | 4 Nov 2022 |
| Layout approvalFile: AMENDED-PLAN-051021_1-2.pdf | 13 Sep 2022 |
| Layout approvalFile: AMENDED-PLAN-051021_3-3.pdf | 13 Sep 2022 |
| Layout approvalFile: AMENDED-PLAN-051021_4-end.pdf | 13 Sep 2022 |
| Copy of Layout Approval (in case of layout)File: AMENDED-PLAN-051021_1-2.pdf | 13 Sep 2022 |
| Copy of Layout Approval (in case of layout)File: AMENDED-PLAN-051021_3-3.pdf | 13 Sep 2022 |
| Copy of Layout Approval (in case of layout)File: AMENDED-PLAN-051021_4-end.pdf | 13 Sep 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect form 1.pdf | 6 Aug 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer form 2.pdf | 6 Aug 2022 |
| Certificates of CA (Form 3)File: CA form 3.pdf | 6 Aug 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect form 1 The Palazzo.pdf | 16 Jul 2022 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engineer form 2 The Palazzo.pdf | 16 Jul 2022 |
| Certificates of CA (Form 3)File: CA form 3 The Palazzo.pdf | 16 Jul 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: ENGINEER FORM 2A PALAZO.pdf | 11 Apr 2022 |
| Certificates of CA (Form 3)File: CA FORM 3 PALAZO.pdf | 11 Apr 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1.pdf | 8 Apr 2022 |
| Certificates of CA (Form 3)File: The Plazzo.pdf | 3 Feb 2022 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 Pallazo.pdf | 7 Jan 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: IS builder Further CC 12th.pdf | 3 Dec 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: PALAZZO FORM 1.pdf | 12 Oct 2021 |
| Certificates of CA (Form 3)File: CA certificate IS builders - Sep 2021 the palazzo_compressed.pdf | 12 Oct 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Form 2 The Palazzo .pdf | 8 Oct 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: architect form 1.pdf | 5 Oct 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: The Pallazo form 2A.pdf | 5 Oct 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: The Pallazo Phase I quaterly.pdf | 13 Aug 2021 |
| Certificates of CA (Form 3)File: FORM 3 CA Certificate.pdf | 7 Aug 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 Pallazo_upto.pdf | 11 Jun 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Form 2 A TP I.pdf | 11 Jun 2021 |
| Certificates of CA (Form 3)File: CA certificate form 3.pdf | 20 May 2021 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: ARCHITECT CERTIFICATE FORM 1.pdf | 11 Feb 2021 |
| Certificates of CA (Form 3)File: FORM 3-CA CERTIFICATE-PALAZZO.pdf | 27 Jan 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Palazzo Form 2-A.pdf | 22 Jan 2021 |
| Certificates of CA (Form 3)File: Form 3.pdf | 5 Nov 2020 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: THE PALAZZO ARCH.pdf | 17 Oct 2020 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Form 2A Pallazo_compressed.pdf | 17 Oct 2020 |
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Buyer report
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- All 118 filed documents as one ZIP, foldered, with a manifest
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Builder: I.S.Builders
I.S.Builders has 1 registration on MahaRERA, including THE PALAZZO. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Mumbai Suburban district page.
Frequently asked questions
What are my rights if THE PALAZZO is delayed beyond 31 Dec 2026?
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 THE PALAZZO?
The registered promoter entity is I.S.Builders, 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 THE PALAZZO?
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 THE PALAZZO?
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 THE PALAZZO?
The professionals named in the filing: Architect: Subhash Karmarkar. 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 THE PALAZZO?
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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