Home / Browse projects / Nashik, Maharashtra / VIKAS NAGAR PHASE II
VIKAS NAGAR PHASE II
RG-MH-84703 · RERA P51600021872 · Last updated on MahaRERA portal: 5 Feb 2025
Source: official MahaRERA filing
Or get an email each time it changes, with the project watch
Red flags
- Registration lapsed
- Possession 28 months past the filed date
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- All 2 earlier projects delivered on promise
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 Nashik 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.
VIKAS NAGAR PHASE II is a Others project by SHREE SANKET DEVELOPERS in Nashik, Maharashtra, registered with MahaRERA as P51600021872 on 8 Aug 2019. Possession was promised by 21 Jun 2024 and is now 28 months past that date.
At a glance
Project
- NameVIKAS NAGAR PHASE II
- TypeOthers
- Location
- SOYGAON
- Malegaon (M Corp.)
- Malegaon
- Nashik
- 423203
- Pincode423203
- MapView location on Google Maps (as filed on RERA)
- RERA no.P51600021872
- ReraGenie IDRG-MH-84703
Key dates
Key facts
Registration and timeline
- StatusRegistration lapsed
- Registered on8 Aug 2019
- Promised completion21 Jun 2024
- Revised completionNone
- Buildings6 building records
- Documents filed80 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| BLOCK A | NA | 3 | 0 | 0 | 0 | 0 |
| BLOCK B | NA | 2 | 0 | 0 | 0 | 0 |
| BLOCK C | NA | 2 | 0 | 0 | 0 | 0 |
| BLOCK D | NA | 2 | 0 | 0 | 0 | 0 |
| BLOCK E | NA | 2 | 0 | 0 | 0 | 0 |
| BLOCK F | NA | 2 | 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 building6
As on 5 Feb 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.
30 of 66 construction stages are filed complete across 6 buildings. The stage furthest along is Podiums (if any), at 0%.
BLOCK A91%
| 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% |
BLOCK B91%
| 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% |
BLOCK C91%
| 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% |
BLOCK D0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| 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 | 0% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 0% |
| 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% |
BLOCK E0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| 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 | 0% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 0% |
| 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% |
BLOCK F0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| 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 | 0% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 0% |
| 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 5 Feb 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 | 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 | No | Not applicable |
| Water conservation /Rain water harvesting | No | Not applicable |
| Energy managemcnt | No | Not applicable |
| Fire protection and fire safety requirements | No | Not applicable |
| Electrical meter room, sub-station, receiving station | No | Not applicable |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Parking filed8
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 |
|---|---|---|
| VIKAS SAMPATLAL SHARMA | Thane (M Corp.) | Thane |
| SANGEETA ASHOK SHARMA | Thane (M Corp.) | Thane |
| MEENA VIKAS SHARMA | Thane (M Corp.) | Thane |
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 | MADHUSUDAN B KABRA |
| Engineer | SANTOSH Y KOKANE |
| Chartered Accountant | PRANESH LODHA |
| Partner | Role in project |
|---|---|
| SHREE SANKET DEVELOPERS | - |
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 23 Jul 2019 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 23 Jul 2019 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 23 Jul 2019 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 5 Feb 2025Confirm 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 20 Jun 2024
Documents filed80
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 |
|---|---|
| Commencement Certificates / NA Order for plotted developmentFile: Sr No 60 Sanction Cancelletion.pdf | 5 Feb 2025 |
| Other - TechnicalFile: Sr No 60 Sanction Cancelletion.pdf | 5 Feb 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 VN_Phase 2_311223.pdf | 17 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 VN_Phase 2_300924.pdf | 17 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 VN_Phase 2_300624.pdf | 17 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 VN_Phase 2_310324.pdf | 17 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 VN_Phase 2_310324.pdf | 17 Dec 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 VN_Phase 2_300923.pdf | 17 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Phase II 2024-25_300624.pdf | 12 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 - Phase II 2024-25_300924.pdf | 12 Dec 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: VN Form 1 - Phase II 310324.pdf | 12 Dec 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A VN Ph2 _31032024.pdf | 12 Dec 2024 |
| Architect’s Certificate on Completion of Project (Form 4)File: Form 4 - Architect Completion Certificate Phase-II Vikas Nagar.pdf | 4 Dec 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_31032024.pdf | 4 Dec 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_30062024.pdf | 4 Dec 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_30092024.pdf | 4 Dec 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Sold Booked Inventory.PDF | 21 Nov 2024 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Sold Booked Inventory.PDF | 21 Nov 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5_23-24_VN P2.PDF | 20 Jul 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: Phase 2 Part Completion.PDF | 20 Jun 2024 |
| Disclosure of sold/ booked inventoryFile: Vikas Nagar Inventory Sheet Phase II_310324.PDF | 25 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: VN Form 1 - Phase II 300622.pdf | 4 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: VN Form 1 - Phase II 300922.pdf | 4 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: VN Form 1 - Phase II 311222.pdf | 4 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: VN Form 1 - Phase II 310323.pdf | 4 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: VN Form 1 - Phase II 300623.pdf | 4 Apr 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: VN Form 1 - Phase II 311223.pdf | 4 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 30062022 form 2 - Phase II Vikas Nagar.pdf | 4 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 30092022 form 2 - Phase II Vikas Nagar.pdf | 4 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 31122022 form 2 - Phase II Vikas Nagar.pdf | 4 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 31032023 form 2 - Phase II Vikas Nagar.pdf | 4 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 30062023 form 2 - Phase II Vikas Nagar.pdf | 4 Apr 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_30062022.pdf | 4 Apr 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_30092022.pdf | 4 Apr 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_31122022.pdf | 4 Apr 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_31032023.pdf | 4 Apr 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_30062023.pdf | 4 Apr 2024 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_31122023.pdf | 4 Apr 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: Vikas Nagar Phase-2 Rera Cetificate.PDF | 1 Dec 2023 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_30092023.pdf | 28 Nov 2023 |
| Disclosure of sold/ booked inventoryFile: VN Phase 2_30092023.PDF | 25 Nov 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Form 2A VN Phase 2_310323.pdf | 16 Jun 2023 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: OC_VN Phase 2_AC.PDF | 2 Mar 2023 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: DNM_Disclosure of Interest_VN_P_2.PDF | 1 Mar 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 31-03-2020 Vikas Nagar Phase 2_Compressed.pdf | 22 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 31-03-2021 Vikas Nagar Phase 2_Compressed.pdf | 22 Feb 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 31-03-2022 Vikas Nagar Phase 2_Compressed.pdf | 22 Feb 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM - 2 Phase II Vikas Nagar 2019-20.pdf | 22 Feb 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM - 2 Phase II Vikas Nagar 2020-21.pdf | 22 Feb 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM - 2 Phase II Vikas Nagar 2021-22.pdf | 22 Feb 2023 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_31032020.pdf | 22 Feb 2023 |
| Certificates of CA (Form 3)File: Form 3 - V N Phase 2_31032021.pdf | 22 Feb 2023 |
| Certificates of CA (Form 3)File: Form 3 - New Format V N Phase 2_31032022.pdf | 22 Feb 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Form 5_VN Phase 2_31032020.pdf | 14 Feb 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: Form 2A VN Phase 2_2022.pdf | 19 Jan 2023 |
| Details of encumbrances concerned to FinanceFile: VN P2_Non En Legal.PDF | 21 Dec 2022 |
| Details of encumbrances concerned to LegalFile: VN P2_Non En Legal.PDF | 21 Dec 2022 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: VN P2_Sep Ac.PDF | 21 Dec 2022 |
| Deviation Report with respect to Allotment letterFile: VN P2_Deviation AL.PDF | 21 Dec 2022 |
| Deviation Report with respect to model copy of AgreementFile: VN P2_Deviation AFS.PDF | 21 Dec 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form 5_VN Phase 2.PDF | 9 Dec 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Vikas Nagar P2_Form 5.pdf | 16 Aug 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2019-20)File: From 2A_VN Ph2_31032020.pdf | 1 Aug 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: From 2A_VN Ph2_31032021.pdf | 1 Aug 2022 |
| CERSAI detailsFile: VN Ph 2.pdf | 12 Apr 2022 |
| Disclosure of sold/ booked inventoryFile: Disclosure Of Sold-Booked Inventory (VN Phase 2)_compressed.pdf | 20 Sep 2021 |
| Declaration about Commencement CertificateFile: Vikas Nagar Phase II_Form D.pdf | 25 Aug 2021 |
| Proforma of Allotment letterFile: Allotment Letter Phase II.pdf | 1 Aug 2019 |
| Building plan approvalFile: Building Plan.pdf | 23 Jul 2019 |
| Layout approvalFile: Site Plan.pdf | 23 Jul 2019 |
| Copy of the legal title reportFile: Title Roport Final.pdf | 23 Jul 2019 |
| Copy of Layout Approval (in case of layout)File: Site Plan.pdf | 23 Jul 2019 |
| Building Plan Approval (IOD)File: Building Plan.pdf | 23 Jul 2019 |
| Certificates of CA (Form 3)File: CA Certificate Phase II.pdf | 23 Jul 2019 |
| OtherFile: MEMORANDUM OF UNDERSTANDING.pdf | 23 Jul 2019 |
| PAN CardFile: Pan card.pdf | 18 Jul 2019 |
| Details of encumbrancesFile: No Encumbrance Phase II.pdf | 18 Jul 2019 |
| Commencement Certificates / NA Order for plotted developmentFile: Building Permission.pdf | 18 Jul 2019 |
| Declaration in FORM BFile: Affidavit Phase II.pdf | 18 Jul 2019 |
| Proforma of Allotment letterFile: Agreement for Sale.pdf | 18 Jul 2019 |
Promoter's earlier projects2
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 | Registered | Status | Promised | Delivered |
|---|---|---|---|---|---|---|
| SHREE SANKET GARDENP51600003519 | Near Hotel Yash Garden, Nilgavhan Shivar, Nashik | - | Aug 2017 | Completed | Aug 2023Registered original: Jan 2022 | May 2023 |
| SANKET EMPIRE | SHREE SANKET EMPIRE BEHIND DISTRICT COURT STATE BANK ROAD MALEGAON | 92 | - | Completed | Dec 2018 | Dec 2018 |
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Buyer report
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- 2 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 6 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 80 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
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Builder: SHREE SANKET DEVELOPERS
SHREE SANKET DEVELOPERS has 7 registrations on MahaRERA, including SHREE SANKET GARDEN and SHREE SANKET EMPIRE. Its filings disclose 2 earlier MahaRERA projects: declares 2 of 2 past projects completed on time. Read the full track record. See more projects on the Nashik district page.
Frequently asked questions
What does it mean that VIKAS NAGAR PHASE II 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 VIKAS NAGAR PHASE II is delayed beyond 21 Jun 2024?
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 VIKAS NAGAR PHASE II?
The registered promoter entity is SHREE SANKET DEVELOPERS, 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 VIKAS NAGAR PHASE II?
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 VIKAS NAGAR PHASE II?
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 VIKAS NAGAR PHASE II?
The professionals named in the filing: Architect: MADHUSUDAN B KABRA; Engineer: SANTOSH Y KOKANE; Chartered Accountant: PRANESH LODHA. 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 VIKAS NAGAR PHASE II?
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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