Indiabulls Park 2

Delivery & Registration

Regulatory Standing

MahaRERA's own defaulter/deregistration lists and the project's quarterly-progress-report filing — the regulator's view of whether this project is in good standing.

• Filing progress reports — 35 quarterly progress reports on record since registration, with no current default.

Builder Track Record

Across MahaRERA, Lucina Land Development is the promoter of record on 9 projects, of which none currently carry a MahaRERA regulator flag (insolvency, deregistration, completion-lapse or QPR default). Read the pattern across the portfolio, not just this project's brochure — matched on the promoter name in the MahaRERA register.

Construction Progress

MahaRERA's cost filing puts construction at ~57.4% of the estimated project cost incurred as of the last certificate (₹318.75 Cr spent against a ₹555.73 Cr estimate). This financial % is the regulator's own proxy for how much is physically built — the closest public read on real progress, and one a brochure never shows.

Cost-incurred % as last certified to MahaRERA; it can lag on-site reality between filings. Confirm the current stage and the latest Form 2 before you book.

Sales & Inventory

Of 804 homes filed with MahaRERA, 563 are sold/booked (418 with registered agreements + 145 booked) and 241 remain available (~70% sold) — selling steadily. Buyers have committed ₹396.97 Cr in agreement value so far. Of that, ₹270.16 Cr (~68%) is already collected, ₹126.81 Cr receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

What buyers actually paid: across 563 registered agreements, the effective carpet rate is ₹8,548/sqft (typical range ₹6,002–₹10,028) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing — still confirm your specific unit's status in the agreement.

Buildings & Wings

The buildings and wings registered under this project, with each tower's sanctioned height and declared completion date. Here the tallest tower rises to G+43 and 804 homes are registered across the project.

Unit mix on the filing: 804 residential.

Complaints & Orders

39 complaints are on the MahaRERA record for this project, with orders passed in 34. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Legal & Litigation

The promoter has declared 5 court cases on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 1 time. Each extension is the regulator letting the finish line move — the clearest evidence of delivery slippage, straight from the record.

Location, Land & Connectivity

Located at Panvel, Sawala Apta Road, Ward GSouth, Mumbai City, 410207. Per the filed land record, the plot is bounded to the north by Indiabulls Park, to the south by Indiabulls Park, to the east by Indiabulls Park and to the west by Indiabulls Park. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~32 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

Straight-line distances from the geocoded project locality (the RERA address is an area, not a door) — directional, not door-to-door drive times. Check the actual road route, the nearest metro station and daily-need shops/schools/hospitals on a site visit.

Builder track record

Lucina Land Development Limited is the promoter on 9 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

See every Lucina Land Development Limited project & its RERA track record →

Other flagged projects by Lucina Land Development Limited

Other RERA-registered projects in Panvel

Other RERA-registered projects in Raigarh

Flags are from MahaRERA's own published problem lists — not a claim about the developer's intent. Explore every flagged project on our Mumbai, Thane & the MMR RERA red-flag register.