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The Terraces Phase 2
By Rashmi Commercial Company Limited
RG-MH-11934 · RERA P52100004039 · Last updated on MahaRERA portal: 24 Jun 2026
Source: official MahaRERA filing
Red flags
- No red flags in this filing
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
Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against every project registered within 2 km.
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The Terraces Phase 2 is a Residential / Group Housing project by Rashmi Commercial Company Limited in Pune, Maharashtra, registered with MahaRERA as P52100004039 on 7 Aug 2017. The registration is recorded completed; possession was promised by 30 Jun 2026. 14 of the 20 units on this registration are recorded sold or booked, and 5 of 11 construction stages are filed complete.
At a glance
Project
- NameThe Terraces Phase 2
- TypeResidential / Group Housing
- Location
- Balewadi
- Haveli
- Pune
- 411045
- Pincode411045
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100004039
- ReraGenie IDRG-MH-11934
Builder
- NameRashmi Commercial Company Limited
- Entity typeCompany
- DirectorAmit Almal
- Declared earlier projects1 →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on7 Aug 2017
- Promised completion30 Jun 2026
- Revised completionNone
- Buildings1 building record
- Documents filed136 files
Current status
Figures as on 24 Jun 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| The Terraces Phase 2 / Wing B | NA | 13 | 11 | 20 | 0 | 20 |
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 24 Jun 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.
5 of 11 construction stages are filed complete. The stage furthest along is Internal walls, at 98%.
The Terraces Phase 2 / Wing B: 88% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 90% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 98% |
| Sanitary Fittings within the flats / premises | 95% |
| 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. | 98% |
| 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. | 85% |
Progress on shared amenities15
As on 24 Jun 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 | 75% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 95% |
| Street Lighting | Yes | 75% |
| Community Buildings | Yes | 100% |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | Yes | 75% |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 90% |
| Aggregate area of recreational Open Space | Yes | 100% |
| Open Parking | No | Not applicable |
Parking filed40
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| The Terraces Phase 2 / Wing B | NA | Rs 20.99 cr | Rs 15.14 cr |
| - | NA | Rs 5.49 cr | Rs 3.12 cr |
Certifying professionals and partners4
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Vikas Bhandari |
| Engineer | Vishwanath Yadawad |
| Chartered Accountant | Sharad Shah & CO |
| Chartered Accountant | A C Bhuteria & Co |
| Partner | Role in project |
|---|---|
| Rashmi Commercial Company Limited | - |
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 18 Jun 2022 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 18 Jun 2026 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 16 Mar 2023 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 16 Mar 2023Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on 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.
Documents filed136
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 136 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 |
|---|---|
| Occupational CertificateFile: Occupancy Certificate.pdf | 24 Jun 2026 |
| Layout approvalFile: Marked Layout.pdf | 18 Jun 2026 |
| Withdrawal Update Form 1File: Form 1.pdf | 1 Jun 2026 |
| Withdrawal Update Form 1File: Form 1.pdf | 1 Jun 2026 |
| Withdrawal Update Form 2File: Form 2.pdf | 1 Jun 2026 |
| Withdrawal Update Form 2File: Form 2.pdf | 1 Jun 2026 |
| Withdrawal Update Form 3File: Form 3.pdf | 1 Jun 2026 |
| Withdrawal Update Form 3File: Form 3.pdf | 1 Jun 2026 |
| Form 5 (FY 2024-2025)File: Form 5 (2024-2025).pdf | 2 Feb 2026 |
| Withdrawal Update Form 1File: Form 1.pdf | 17 Oct 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 17 Oct 2025 |
| Withdrawal Update Form 3File: Form 3.pdf | 17 Oct 2025 |
| Withdrawal Update Form 1File: Form 1.pdf | 21 Jul 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 21 Jul 2025 |
| Withdrawal Update Form 3File: Form 3.pdf | 21 Jul 2025 |
| Withdrawal Update Form 1File: Form 1.pdf | 18 Jul 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 18 Jul 2025 |
| Withdrawal Update Form 3File: Form 3.pdf | 18 Jul 2025 |
| Form 1File: Form 1.pdf | 16 Jul 2025 |
| Form 2File: Form 2.pdf | 16 Jul 2025 |
| Form 3File: Form 3.pdf | 16 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: Disclosure of Inventory.pdf | 16 Jul 2025 |
| Withdrawal Update Form 1File: Form 1.pdf | 16 Jul 2025 |
| Withdrawal Update Form 1File: Form 1.pdf | 16 Jul 2025 |
| Withdrawal Update Form 1File: Form 1.pdf | 16 Jul 2025 |
| Withdrawal Update Form 1File: Form 1.pdf | 16 Jul 2025 |
| Withdrawal Update Form 1File: Form 1.pdf | 16 Jul 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 16 Jul 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 16 Jul 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 16 Jul 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 16 Jul 2025 |
| Withdrawal Update Form 2File: Form 2.pdf | 16 Jul 2025 |
| Withdrawal Update Form 3File: Form 3.pdf | 16 Jul 2025 |
| Withdrawal Update Form 3File: Form 3.pdf | 16 Jul 2025 |
| Withdrawal Update Form 3File: Form 3.pdf | 16 Jul 2025 |
| Withdrawal Update Form 3File: Form 3.pdf | 16 Jul 2025 |
| Withdrawal Update Form 3File: Form 3.pdf | 16 Jul 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1.pdf | 17 Apr 2025 |
| Certificates of CA (Form 3)File: Form 3.pdf | 17 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2.pdf | 17 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Inventory.pdf | 17 Apr 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1.pdf | 12 Feb 2025 |
| Certificates of CA (Form 3)File: Form 3.pdf | 12 Feb 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2.pdf | 12 Feb 2025 |
| Disclosure of sold/ booked inventoryFile: 2025 01 16-RCCL-Disclosure of Sold or Booked Inventory TT Phase 2.pdf | 17 Jan 2025 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5 (2023-2024).pdf | 7 Nov 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Inventory - September 2024.pdf | 17 Oct 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A - 2024.pdf | 16 Jul 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Inventory - Jun 2024.pdf | 16 Jul 2024 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1.pdf | 19 Apr 2024 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2.pdf | 19 Apr 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Inventory.pdf | 19 Apr 2024 |
| Certificates of CA (Form 3)File: Form 3.pdf | 19 Apr 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Inventory - December 2023.pdf | 6 Jan 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Form 5.pdf | 21 Oct 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Form 2A - 2023.pdf | 19 Oct 2023 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Inventory - September 2023.pdf | 19 Oct 2023 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Inventory.pdf | 31 Jul 2023 |
| Proforma of Agreement for saleFile: Draft Agreement.pdf | 20 Mar 2023 |
| Layout approvalFile: Layout.pdf | 16 Mar 2023 |
| Building plan approvalFile: Plan 1.pdf | 16 Mar 2023 |
| Building plan approvalFile: Plan 2.pdf | 16 Mar 2023 |
| Building plan approvalFile: Plan 3.pdf | 16 Mar 2023 |
| Building plan approvalFile: Plan 4.pdf | 16 Mar 2023 |
| Building plan approvalFile: Plan 5.pdf | 16 Mar 2023 |
| Building plan approvalFile: Plan 6.pdf | 16 Mar 2023 |
| Copy of Layout Approval (in case of layout)File: Layout.pdf | 16 Mar 2023 |
| Building Plan Approval (IOD)File: Plan 1.pdf | 16 Mar 2023 |
| Building Plan Approval (IOD)File: Plan 2.pdf | 16 Mar 2023 |
| Building Plan Approval (IOD)File: Plan 3.pdf | 16 Mar 2023 |
| Building Plan Approval (IOD)File: Plan 4.pdf | 16 Mar 2023 |
| Building Plan Approval (IOD)File: Plan 5.pdf | 16 Mar 2023 |
| Building Plan Approval (IOD)File: Plan 6.pdf | 16 Mar 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate.pdf | 16 Mar 2023 |
| Declaration about Commencement CertificateFile: Format D.pdf | 16 Mar 2023 |
| Disclosure of sold/ booked inventoryFile: G - 2023 03 15 - Disclosure of Inventory.pdf | 16 Mar 2023 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Inventory - January 2023.pdf | 19 Jan 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: Form 2A.pdf | 22 Nov 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: 4 Certificates of CA (Form 5).pdf | 22 Nov 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form 5.pdf | 22 Nov 2022 |
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 |
|---|---|---|---|---|---|
| The Terraces Phase 1 | Balewadi Pune 411045 | 10 | Completed | Sep 2012 | Late, Mar 2015 |
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How this compares with Pune
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Buyer report
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- All 136 filed documents as one ZIP, foldered, with a manifest
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Other projects near Balewadi13,700+ in Pune
Filed coordinates, straight-line distance. 294 registered projects within 2 km.
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Builder: Rashmi Commercial Company Limited
Rashmi Commercial Company Limited has 1 registration on MahaRERA, including The Terraces Phase 2. Its filings disclose 1 earlier MahaRERA project: declares 0 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 The Terraces Phase 2 is delayed beyond 30 Jun 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 Terraces Phase 2?
The registered promoter entity is Rashmi Commercial Company Limited, a company 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 Terraces Phase 2?
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 Terraces Phase 2?
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 Terraces Phase 2?
The professionals named in the filing: Architect: Vikas Bhandari; Engineer: Vishwanath Yadawad; Chartered Accountant: Sharad Shah & CO; Chartered Accountant: A C Bhuteria & Co. 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 Terraces Phase 2?
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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