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MahaRERA · the public record

Indiabulls Park 3

Panvel · Lucina Land Development Limited

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166units filed as unsoldInventory · 22 October 2026
30 Apr 2028declared completionMahaRERA registration · read 18 Jul 2026
937registered unitsMahaRERA registration · read 18 Jul 2026

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Registration read 18 Jul 2026

RERA details for Indiabulls Park 3

MahaRERA · P52000000488

Delivery and registration

When is the project declared for completion?

Indiabulls Park 3 is registered with MahaRERA as P52000000488 and the promoter has declared completion for 30 Apr 2028.

30 Apr 2028

declared completion

18months to go

against the declared date

The completion date and status as they stand on the MahaRERA registration record.

Source · MahaRERA project registration · read 18 Jul 2026

MahaRERA registrationP52000000488
Registered on18 Jul 2017
Promoter-declared completion30 Apr 2028
Current statusCertificate Signed
Against today18 months to the declared date

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for Indiabulls Park 3 record 4 quarterly progress reports since registration.

Entries as they appear on MahaRERA's own lists and the project's progress filing.

Source · MahaRERA defaulter, deregistration and QPR lists · read 18 Jul 2026

  • Filing progress reports — 4 quarterly progress reports on record since registration, with no current default.

Promoter record

What else is this promoter on record for?

Lucina Land Development Limited is the promoter of record on 9 projects registered with MahaRERA.

9projects

registered with MahaRERA

Counted across Quietlist's full MahaRERA register store, matched on the promoter name as it appears on each filing.

Source · MahaRERA register, all projects · read 18 Jul 2026

Construction

How much construction cost has been reported?

In Indiabulls Park 3 , ₹276.20 Cr of a declared ₹557.33 Cr estimated project cost is reported as incurred, about 49.6%, as at the last certified filing with MahaRERA.

49.6%

₹276.20 Cr

of ₹557.33 Cr declared cost

Cost incurred as last certified to MahaRERA. It is a financial measure, not a survey of site work, and it can lag on-site reality between filings.

Source · MahaRERA quarterly progress filing · read 18 Jul 2026

Sales

How many are filed as sold or booked?

In Indiabulls Park 3 , 770 of 937 homes filed with MahaRERA are recorded as sold or booked (588 with registered agreements and 182 booked), about 82%, and 167 are filed as unsold.

82%sold or booked

770 of 937 homes

₹548.73 Cr

committed by buyers

Counts and agreement value as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. Of that agreement value, ₹295.63 Cr (about 54%) is recorded as collected and ₹253.10 Cr as receivable.

Source · MahaRERA sold/unsold inventory filing · read 18 Jul 2026

Filed agreement values: across 770 sold or booked entries with usable filed values and areas, the effective carpet rate is ₹8,976/sqft, with eight in ten falling between ₹7,410 and ₹10,182 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.

What the filings record, home by home

Read from MahaRERA on 22 October 2026

MahaRERA publishes, home by home, what this promoter filed: which homes are sold and which are not, the RERA carpet area of each, and for sold or booked entries the filed agreement value — the consideration filed for that specific home. On this project 771 homes carry one, and 166 of the 937 are recorded unsold. Since we started watching this ledger, 13 homes have moved out of the unsold list, most recently on 22 October 2026.

Here is one home filed as unsold, beside the amounts filed for comparable homes:

HomeCarpetFiled comparisonBased on
COSMOS3C-1008733 sqftRs 64.04 lakh typical, over Rs 31.54 lakh to Rs 1.15 cr
6 unusually low or high filed amounts are included in this range. Check the individual entries before using it to discuss a price.
150 filed · similar area (within 2%), same building

A filed consideration is the amount the promoter reported for one home. It is not a valuation, and MahaRERA does not publish the date of any of these agreements — read a range as a spread, not as a trend. An unsold row means no sale had been filed for it when we looked, which is a filing state, not a promise that the home is available to you today.

In Indiabulls Park 3 , every one of the 166 unsold homes has filed sales to compare with. The Sales Report gives each of them its own row — the filed agreements behind its comparison listed in full, the government reckoner value the promoter filed against it, and mortgage status where the filing supplies it. Missing mortgage information is not confirmation that a unit is free of a mortgage. Built from the filing itself, sent by email.

See the other 165 homes — ₹2,999 →

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 937 homes are registered across the project.

BuildingWingsFloorsUnitsDeclared completion
3 C1G+43268-
4 A1G+43268-
4 B1G+43268-
11G+43133-

Unit mix on the filing: 937 residential.

Legal and disputes

What disputes are disclosed?

26 complaints are on the MahaRERA record for Indiabulls Park 3 , with orders passed in 22 of them.

26complaints

22with an order

Counts as disclosed in the project record.

Source · MahaRERA project disclosures · read 18 Jul 2026

Complaint no.FiledPartiesStatus
CC00600000000129120/10/2017PRADIP SHRIPAT PATANKAR vs LUCINA LAND DEVELOPMENT LIMITEDorder passed
CC00600000004430019/12/2018Vijay Shetty vs M/s Lucina Land Development Limitedorder passed
CC00600000004431330/04/2018Dinesh Kumar Nahar vs M./s Lucina Land Development Limitedorder passed
CC00600000005733216/12/2018Mrs SUSHILA GAUTAM vs Indiabulls ( Lucina Land Development Limited )order passed
CC00600000019724621/06/2021EDWARD JOHN vs MS LUCINA LAND DEVELOPMENT LIMITEDorder passed
CC00600000019768722/07/2021Dr. Mrs. Milan Parag Telang vs Lucina Land Development Limitedorder passed
CC00600000019595309/02/2021Ashwini A. Shinde vs Lucia Land Development Ltd.order passed
CC00600000019614426/02/2021SAHEB RAMASHREY YADAV vs M/s. LUCINA LAND DEVELOPMENT LIMITEDorder passed
CC00600000019739924/06/2021Rajib Kumar Bachhawat vs Lucina Land Development Limitedorder passed
CC00600000035442527/02/2023Pratibha Patil vs Lucina Land Development Limitedorder passed
CC00600000037476828/03/2023Chandramohan Manohar Potdar vs Lucina Land Development Limitedorder passed
CC00600000037500421/04/2023Subrat Kaushik vs Lucina Land Development Limitedorder passed
CC00600000039556407/05/2023RATNAKAR SURYAWANSHI Gopalrao Suryawanshi vs Lucina Land Development Limitedorder passed
CC00600000039776312/10/2023MRS MANISHA SHANKAR CHILAP vs LUCINA LAND DEVELOPMENTLTDorder passed
CC00600000059130831/07/2024Venkataramani Ramamurthy vs Lucina Land Development Limitedorder passed
CC00600000059133126/07/2024Chitra Hari vs Lucina Land Developmenttorder passed
CC00600000059149410/08/2024ankushpure vs Lucina Land Development Ltdorder passed
CC1240021924/09/2024Joyson Savio Dsilva vs Lucina Land Development Limitedorder passed
CC1250206824/06/2025Dinesh Ashok More vs Lucina Land Development Limitedorder passed
CC1250149604/05/2025Cyriac Mathew Mankunnathu vs Lucina Land Development Limitedorder passed
CC1250205524/06/2025UNNATHAN SHEKHAR vs Lucina Land Development Limitedorder passed
CC1250319910/09/2025SMITA CHALLU vs Lucina Land Development Limitedpending / no order on file
CC1250376328/10/2025Tarun NB Singh vs Lucina Land Development Limitedpending / no order on file
CC1250429705/12/2025Nikita Shrenik Jain vs Lucina Land Development Limitedpending / no order on file
SM1260011106/02/2026Bhakti Achrekar vs Lucina Land Development Limitedorder passed
CC1260127609/03/2026Namrata Dayanand Jambhale vs Lucina Land Development Limitedpending / no order on file

Legal & Litigation

The promoter has declared 9 court cases on this project to MahaRERA. Filed statuses: 9 “Ongoing”. These are the promoter's filed statements, not a current court check. A disposed application or motion does not establish that the whole case is closed. 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 home. This is declared by the promoter; there may be further cases not on the RERA record.

CourtCase no.YearStatus
Civil Judge Senior Division Panvel214/20152015Ongoing
Filed description: Pending for hearing
Scdrc, Maharashtra, Mumbai.Consumer Complaint No. 9442016Ongoing
Filed description: Mrs. Meena Shukla and Mr. Prateek Shukla provisionally booked flat No.44/2604 in "Indiabulls Green", village Kon, Tal. Panvel for Rs. 66,13,200/-. Plaintiffs made part payment of Rs.13,63,510/-. Since there was change in area and cost of the flat and Lucina failed to handover the possession of the flat, Plaintiffs being aggreived filed this Complaint and prayed to comply MOFA obligations, handing over vacant and peaceful possession of flat and permanent injunction from creating third party rights in the flat. Plaintiffs further prayed for compensation of Rs.2,00,000/- towards loss and mental agony and to receive 24% interest on Rs.13,63,510/- amount paid and Rs.50,000/- towards cost of Complaint. (Flat No. COSMOS 3C-2402)
Scdrc, Maharashtra, Mumbai.Consumer Complaint No. 9482016Ongoing
Filed description: Mr. Ravi A. Khandelwal and Mrs. Ruchi Ravi Khandelwal provisionally booked flat No.32-1001 in "Indiabulls Green", village Kon, Tal. Panvel for Rs. 60,01,300/-. Plaintiffs made part payment of Rs.11,87,349/-. Since there was change in area and cost of the flat and Lucina failed to handover the possession of the flat, Plaintiffs being aggreived filed this Complaint and prayed to comply MOFA obligations, handing over vacant and peaceful possession of flat and permanent injunction from creating third party rights in the flat.Plaintiffs further prayed for compensation of Rs.2,00,000/- towards loss and mental agony and to receive 24% interest on Rs.11,87,349/- amount paid and Rs.50,000/- towards cost of Complaint. (Flat No. COSMOS 3B-1407)
Scdrc, Maharashtra, Mumbai.20162016Ongoing
Filed description: Mr. Muhammad S. Shaikh provisionally booked flat No.37B2-201 in "Indiabulls Green", village Kon, Tal. Panvel for Rs. 44,88,500/-. Plaintiffs made part payment of Rs.9,25,500/-. Since there was change in area and cost of the flat and Lucina failed to handover the possession of the flat, Plaintiffs being aggreived filed this Complaint and prayed to comply MOFA obligations, handing over vacant and peaceful possession of flat and permanent injunction from creating third party rights in the flat.Plaintiffs further prayed for compensation of Rs.5,00,000/- towards loss and mental agony, to get refund of Rs.9,25,500/- with 24% interest and Rs.50,000/- towards cost of Complaint. (Flat No. JASMINE 4A-802)
Scdrc, Maharashtra, Mumbai.Complaint No. 11552016Ongoing
Filed description: The Complainant booked 4 BHK Flat No.R-1902 admeasuring 2252 sq.ft. for total consideration of Rs.86,72,480/- in Indiabulls Green Panvel Project at village Kon, Panvel, Dist. Raigad. He made part payment of Rs.17,34,496/-. Since there was delay in construction and to execute the ATS. Hence this Complaint is filed for possession of the flat with compensation. (Flat No. LOTUS 1-1803)
Dcdrc, Maharashtra, Mumbai.Complaint No. 1222017Ongoing
Filed description: The Complainant booked 2 BHK Flat No.40D/1701 for total consideration of Rs.65,03,380/- in Indiabulls Green Panvel Project at village Kon, Panvel, Dist. Raigad. He made part payment of Rs.12,87,966/-. Since there was delay in construction and to execute the ATS. Hence this Complaint is filed for possession of the flat with compensation. (JASMINE 4A-2704)
Scdrc, MumbaiCC No. 5832019Ongoing
Filed description: The Complainant has provisionally reserved the flat bearing no. 6B-903 in the project Indiabulls Park. The Complainant disputes that the Respondents have failed to execute AFS as per the condition of the Application form despite of several requests and also disputes on the reallocated flat. Hence, seeking refund of the entire amount of Rs. 5,40,430 alongwith interest and compensation. (Flat No. COSMOS 3C-901)
District Consumer Dispute Redressal Forum, Central MumbaiCC No. 2022022Ongoing
District Consumer Disputes Redressal Commission, Central Mumbai.Consumer Complaint No. 508 of 20232023Ongoing

Deadline Extensions

The MahaRERA completion deadline for this project has been formally extended 1 time, as recorded on the register.

FromExtended toStated reason
as registered30 Apr 2028The Self Declaration of Reason for Delay is uploaded below in "OTHER" Tab.

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. These are the boundaries as recorded in the filed land record.

Location & connectivity

The nearest of the listed job hubs is about 32 km in a straight line from the mapped location. Road distance and travel time will differ.

LandmarkStraight-line
Powai / Hiranandani business park32 km
Bandra Kurla Complex (BKC)32 km
Chhatrapati Shivaji Int'l Airport34 km
Lower Parel / Worli business district34 km
Nariman Point / Fort35 km
Andheri MIDC / SEEPZ35 km

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.

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Indiabulls Park 1
declared completion Mar 2027 · Lucina Land Development Limited
Shikhar Greens
declared completion Mar 2027 · Shikhar Realty
Indiabulls Park 2
declared completion Jun 2027 · Lucina Land Development Limited
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Other RERA-registered projects in Raigarh

Indiabulls Park 4
declared completion Dec 2028 · Lucina Land Development Limited
Indiabulls Park 5
declared completion Dec 2028 · Lucina Land Development Limited
Indiabulls Savroli - 1
declared completion Feb 2019 · Sylvanus Properties Limited
Indiabulls Savroli - 3
declared completion Dec 2026 · Sylvanus Properties Limited
Indra
declared completion Aug 2023 · Greenbricks Infradevelopers Pvt.ltd.
Indraprashth
declared completion Dec 2026 · Suresh Liladhar Toprani

What to verify before you book

  1. Confirm the MahaRERA registration is live and read the project page on the MahaRERA portal for the sanctioned plan, approvals and the promoter's quarterly progress reports.
  2. Check the declared completion date against actual site progress — registration is not the same as a delivered, occupancy-certified building.
  3. Verify the exact carpet area, floor and unit number in your agreement match the sanctioned plan (not the brochure's saleable area).
  4. Confirm the title, the 7/12 land extract and that your payments go to the project's designated RERA escrow account.

Registration details and regulatory notices are drawn from the held MahaRERA record. See more Mumbai, Thane & the MMR projects.

Registration last seen on RERA: 25 Oct 2026. Document and inventory dates are shown in their sections.