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Vertical Alcinia Phase I
RG-MH-20842 · RERA P52100007827 · Last updated on MahaRERA portal: 21 Dec 2024
Source: official MahaRERA filing
Red flags
- 2 complaints at MahaRERA
- Completion date moved by 18 months
- 1 extension taken
Clear
- No litigation declared
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
3 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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Vertical Alcinia Phase I is a Others project by Hasthshilp Reality in Pune, Maharashtra, registered with MahaRERA as P52100007827 on 18 Aug 2017. The registration is recorded completed; possession was promised by 29 Dec 2020. The completion date has moved by 18 months from the original filing. 2 complaints are on record with the regulator.
At a glance
Project
- NameVertical Alcinia Phase I
- TypeOthers
- Location
- Mohammadwadi
- Haveli
- Pune
- 411028
- Pincode411028
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100007827
- ReraGenie IDRG-MH-20842
Builder
- NameHasthshilp Reality
- Entity typePartnership
- PartnersVikram Achal Palesha, Vertical Promoters LLP
- Other registrations2 more →
- Completed2 of 3
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on18 Aug 2017
- Promised completion29 Dec 2020
- Revised completionRevised to 29 Dec 2020 (originally 30 Jun 2019)
- Buildings1 building record
- Documents filed41 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Shops and Building A | 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 21 Dec 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.
11 of 11 construction stages are filed complete.
Shops and Building A: 100% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| 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 21 Dec 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 | 100% |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | No | Not applicable |
| 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 | No | Not applicable |
| Open Parking | Yes | 100% |
Parking filed118
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 ownership15
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 |
|---|---|---|
| Shivaji Babanrao Ghule | MOHAMMADWADI | Pune |
| Nanda Shivaji Ghule | MOHAMMADWADI | Pune |
| Shailesh Shivaji Ghule | MOHAMMADWADI | Pune |
| Reshma Santosh Pawar | Baner | Pune |
| Sushma Dattatraya Takale | MOHAMMADWADI | Pune |
| Supriya Sambhaji Ghule | MOHAMMADWADI | Pune |
| Vaishali Manohar Ghule | MOHAMMADWADI | Pune |
| Vikrant Manohar Ghule | MOHAMMADWADI | Pune |
| Balu Babu Ghule | MOHAMMADWADI | Pune |
| Patil Balu Ghule | MOHAMMADWADI | Pune |
| Savita Patil Ghule | MOHAMMADWADI | Pune |
| Ashok Kaluram Ghule | MOHAMMADWADI | Pune |
| Lalita Ashok Ghule | MOHAMMADWADI | Pune |
| Alka Valmik Jadhav | YAWALEWADI | Pune |
| Sindhubai Kaluram Ghule | MOHAMMADWADI | 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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Tripti Gupta Hawaldar |
| Architect | DILIP G KALE |
| Engineer | Sunil Mutalik & Associates |
| Partner | Role in project |
|---|---|
| Hasthshilp Reality | - |
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 RERA Registration was granted by authority on 18/08/2017. Thereafter we have availed construction finance from Indiaibulls Commercial Credit Limited, Mumbai of Rs. 22,50,00,000/- by vide deed of Mortgage No. 6319/2018 dated 31.07.2018 for the completion of the project Vertical Alcinia. We have received our first disbursement of Rs. 7,07,91,433/- on 31.07.2018. Further till date we have not received any disbursement from Indiaibulls Commercial Credit Limited. There has been a default by Indiaibulls Commercial Credit Limited in disbursing the loan sanctioned on account of a financial crises
Complaints filed with MahaRERA2
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CC005000000085249 | Vishwa Mohan | Vikram Achal Palesha | 24/02/2021 |
| CC005000000238535 | SIDHARTH kumar singh | SUDHIR WADHWANI | 22/05/2023 |
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 30 Jul 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 7 Sep 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 7 Sep 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 30 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 21 Dec 2024
Documents filed41
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 |
|---|---|
| Status of Formation of Legal Entity (Society/Co Op etc.)File: A - Wing Society Registration Certificate.pdf | 21 Dec 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: ilovepdf_merged (32).pdf | 21 Dec 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: 2 Certificates of CA (Form 5) (1).pdf | 14 Sep 2023 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form4 A wing.pdf | 8 Sep 2021 |
| OtherFile: Form4 A wing.pdf | 8 Sep 2021 |
| Architect’s Certificate on Completion of Project (Form 4)File: Completion certificate.pdf | 4 Sep 2021 |
| OtherFile: Completion certificate.pdf | 4 Sep 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: HR PHASE 1.pdf | 12 Apr 2021 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Completion Certificate - Phase - I.pdf | 17 Aug 2020 |
| Certificates of CA (Form 5)File: VERTICLE ALCINIA PHASE 1 (1).pdf | 30 Sep 2019 |
| Details of encumbrancesFile: Revised Encumbrance Certifucate.pdf | 25 Oct 2018 |
| Proforma of Allotment letterFile: Alcinia Draft.pdf | 25 Oct 2018 |
| Proforma of Allotment letterFile: Alcinia Draft.pdf | 25 Oct 2018 |
| OtherFile: Mortgage Deed - Vertical Alcinia -1-4-ilovepdf-compressed.pdf | 25 Oct 2018 |
| Certificates of CA (Form 5)File: Phase I.pdf | 28 Sep 2018 |
| Layout approvalFile: Master layout.pdf | 7 Sep 2017 |
| Building plan approvalFile: A Wing.pdf | 7 Sep 2017 |
| Building plan approvalFile: Commercial.pdf | 7 Sep 2017 |
| Copy of Layout Approval (in case of layout)File: Master layout.pdf | 7 Sep 2017 |
| Building Plan Approval (IOD)File: A Wing.pdf | 7 Sep 2017 |
| Building Plan Approval (IOD)File: Commercial.pdf | 7 Sep 2017 |
| Layout approvalFile: LAYOUT.pdf | 30 Jul 2017 |
| Building plan approvalFile: SECTION ELEVATION.pdf | 30 Jul 2017 |
| Building plan approvalFile: FLOOR PLAN.pdf | 30 Jul 2017 |
| PAN CardFile: PAN- Hasthshilp.pdf | 30 Jul 2017 |
| Copy of the legal title reportFile: serch report 1.pdf | 30 Jul 2017 |
| Copy of the legal title reportFile: serch report 2.pdf | 30 Jul 2017 |
| Copy of the legal title reportFile: Search report.pdf | 30 Jul 2017 |
| Details of encumbrancesFile: ENCUMBRANCE CERTIFICATE.pdf | 30 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: LAYOUT.pdf | 30 Jul 2017 |
| Building Plan Approval (IOD)File: SECTION ELEVATION.pdf | 30 Jul 2017 |
| Building Plan Approval (IOD)File: FLOOR PLAN.pdf | 30 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: cc 1.pdf | 30 Jul 2017 |
| Declaration in FORM BFile: FORM B.pdf | 30 Jul 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate Phase I.PDF | 30 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2 - Building A Alcinia.pdf | 30 Jul 2017 |
| Certificates of CA (Form 3)File: CA Certificate V Al Phase I.PDF | 30 Jul 2017 |
| Proforma of Allotment letterFile: DRAFT AGREEMENT - A - WING - Shops.pdf | 30 Jul 2017 |
| Proforma of Allotment letterFile: DRAFT AGREEMENT - A - WING.pdf | 30 Jul 2017 |
| Proforma of Allotment letterFile: ALLOTMENT LETTER - A - WING - Shops.pdf | 30 Jul 2017 |
| Proforma of Allotment letterFile: ALLOTMENT LETTER - A - WING.pdf | 30 Jul 2017 |
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Buyer report
Useful on a completed registration when you are buying resale, or checking what was promised against what was delivered.
- 3 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 2 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 41 filed documents as one ZIP, foldered, with a manifest
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Builder: Hasthshilp Reality
Hasthshilp Reality has 3 registrations on MahaRERA, including Vertical Alcinia Phase I and Vertical Alcinia Phase II. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if Vertical Alcinia Phase I is delayed beyond 29 Dec 2020?
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 Vertical Alcinia Phase I?
The registered promoter entity is Hasthshilp Reality, 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 Vertical Alcinia Phase I?
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 Vertical Alcinia Phase I?
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 Vertical Alcinia Phase I?
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 Vertical Alcinia Phase I?
The professionals named in the filing: Architect: Tripti Gupta Hawaldar; Architect: DILIP G KALE; Engineer: Sunil Mutalik & 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 Vertical Alcinia Phase I?
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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