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THE PRESTIGE AVENUE
RG-MH-09885 · RERA P52100001856 · Last updated on MahaRERA portal: 6 Jan 2024
Source: official MahaRERA filing
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Red flags
- Registration lapsed
- Possession 52 months past the filed date
- Completion date moved by 30 months
- 2 extensions taken
Clear
- No litigation declared
- No complaints on record
- 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.
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THE PRESTIGE AVENUE is a Others project by SIX ACES REALTORS LLP in Pune, Maharashtra, registered with MahaRERA as P52100001856 on 29 Jul 2017. Possession was promised by 30 Jun 2022 and is now 52 months past that date. The completion date has moved by 30 months from the original filing.
At a glance
Project
- NameTHE PRESTIGE AVENUE
- TypeOthers
- Location
- BANER PASHAN LINK ROAD
- PASHAN
- Haveli
- Pune
- 411021
- Pincode411021
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100001856
- ReraGenie IDRG-MH-09885
Builder
- NameSIX ACES REALTORS LLP
- Entity typePartnership
- PartnersRAJ PRAVIN GUJAR, SANTOSH VIJAYRAJ RANKA, MAHENDRA JAGANNATH YEOLE, DIPENKUMAR SAMJUBHAI ARDESHANA, HARESH GOUMAL GALANI
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on29 Jul 2017
- Promised completion30 Jun 2022
- Revised completionRevised to 30 Jun 2022 (originally 31 Dec 2019)
- Buildings1 building record
- Documents filed35 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| THE PRESTIGE AVENUE | NA | 15 | 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 6 Jan 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.
3 of 11 construction stages are filed complete. The stage furthest along is Excavation, at 95%.
THE PRESTIGE AVENUE: 50% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 95% |
| 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 | 45% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 45% |
| 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 6 Jan 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 | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | No | Not applicable |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | Yes | 0% |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | Yes | 0% |
Parking filed117
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 | ANKUR ASSOCIATES |
| Engineer | J W CONSULTANTS LLP |
| Partner | Role in project |
|---|---|
| SIX ACES REALTORS LLP | - |
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 promoterWE GOT FINAL COMMENCEMENT CERTIFICATE IN THE MONTH OF JULY 2019
Reason as filed by the promoterWork has been completed 95% & the possession date will be on or before 31/12/2021 The current competition date delayed because of covide-19 pendamic issue.
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 22 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 22 Jul 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 22 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 22 Jul 2017Confirm 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 6 Jan 2024
Documents filed35
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: Project Completion - PMC.pdf | 6 Jan 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Sold Unsold Inventory.pdf | 7 Aug 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Form 2 A Engineers Certificate March-21 (2).pdf | 5 Aug 2021 |
| Declaration about Commencement CertificateFile: Declaration (CC).pdf | 4 Aug 2021 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: Engineer Certificate for Quality 2020.pdf | 4 Aug 2021 |
| Certificates of CA (Form 3)File: Form 3 - March 21.pdf | 4 Aug 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2017-18)File: Form_no_5- 2017_18.pdf | 4 Aug 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: Form no 5 f y 2018-19.pdf | 4 Aug 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Form no 5 fy 2019-20.pdf | 4 Aug 2021 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engieer Certificate March 18.pdf | 11 Sep 2018 |
| Certificates of CA (Form 3)File: CA Certificate March 18-.pdf | 11 Sep 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate March 18.pdf | 8 Sep 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate.pdf | 24 Feb 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate.pdf | 24 Feb 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Eng certifcate.pdf | 24 Feb 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Eng certifcate.pdf | 24 Feb 2018 |
| Certificates of CA (Form 3)File: CA Certificates.pdf | 24 Feb 2018 |
| Certificates of CA (Form 3)File: CA Certificates.pdf | 24 Feb 2018 |
| Proforma of Allotment letterFile: Agr RERA Prestige Avenue Final.pdf | 26 Jul 2017 |
| Layout approvalFile: Pashan_Plan-Layout_1.pdf | 22 Jul 2017 |
| Layout approvalFile: Pashan Plan-Layout_2.pdf | 22 Jul 2017 |
| Building plan approvalFile: Pashan_Plan-Layout_1.pdf | 22 Jul 2017 |
| Building plan approvalFile: Pashan Plan-Layout_2.pdf | 22 Jul 2017 |
| PAN CardFile: Pan Card--Six Aces.pdf | 22 Jul 2017 |
| Copy of the legal title reportFile: Pashan-Title report.pdf | 22 Jul 2017 |
| Details of encumbrancesFile: Six Aces Mort-Index-2.pdf | 22 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Pashan_Plan-Layout_1.pdf | 22 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: Pashan Plan-Layout_2.pdf | 22 Jul 2017 |
| Building Plan Approval (IOD)File: Pashan_Plan-Layout_1.pdf | 22 Jul 2017 |
| Building Plan Approval (IOD)File: Pashan Plan-Layout_2.pdf | 22 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement certificate-BP.pdf | 22 Jul 2017 |
| Declaration in FORM BFile: Form-B-Affidavit-Declaration.pdf | 22 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate.pdf | 22 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineers Certificate - Prestige Avenue.pdf | 22 Jul 2017 |
| Certificates of CA (Form 3)File: CA Certificate.pdf | 22 Jul 2017 |
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Buyer report
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Builder: SIX ACES REALTORS LLP
SIX ACES REALTORS LLP has 1 registration on MahaRERA, including THE PRESTIGE AVENUE. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What does it mean that THE PRESTIGE AVENUE shows as registration lapsed on MahaRERA?
A registration runs until the completion date the promoter declared. If the project is neither completed nor extended by then it lapses, and a de-registration or revocation ends it by order. In every case the promoter may no longer legally advertise, market or sell in the project, and the Authority can act under section 7 against a defaulting promoter. What it does not do is cancel an agreement for sale you have already signed, or extinguish your section 18 right to delay interest or refund; those run from your agreement, not from the registration. Get the current position from the promoter in writing, verify it on the MahaRERA portal, and take legal advice before paying any further instalment.
What are my rights if THE PRESTIGE AVENUE is delayed beyond 30 Jun 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 THE PRESTIGE AVENUE?
The registered promoter entity is SIX ACES REALTORS 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 THE PRESTIGE AVENUE?
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 PRESTIGE AVENUE?
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 PRESTIGE AVENUE?
The professionals named in the filing: Architect: ANKUR ASSOCIATES; Engineer: J W CONSULTANTS LLP. 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 PRESTIGE AVENUE?
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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