Kumar Palladium Plaza

Project Overview

Kumar Palladium Plaza is a lapsed commercial real estate project situated in Near D cathlon Showroom, Pune, Maharashtra. It is registered under MahaRERA with registration number P52100032535, filed on 16 December 2021. The project comprises 1 building with a total of 261 units. The filed unit schedule includes: 258 units of type Commercial Shop; 3 units of type Commercial Unit. The sanctioned completion date is 31 December 2025.

Location & Connectivity

Kumar Palladium Plaza is located in Near D cathlon Showroom, Pune, Maharashtra. Pune's expanding urban fabric offers robust road and rail connectivity through the Pune Metropolitan Region. The Near D cathlon Showroom locality in Pune provides access to key city-centre destinations, educational institutions, healthcare facilities, and transportation hubs within the Pune Metropolitan Region.

Developer & Approvals

The project is developed by GAGAN GLOBAL DEVELOPERS, operating under the regulatory oversight of MahaRERA. MahaRERA registration number P52100032535 is the definitive identifier for this project; all compliance filings, quarterly progress reports, and escrow account details are accessible on the MahaRERA portal (maharera.mahaonline.gov.in). The project was registered with the authority on 16 December 2021. Maharashtra's Real Estate (Regulation and Development) Act, 2016 mandates that promoters maintain a designated escrow account holding at least 70% of collected amounts, file quarterly progress reports, and obtain Occupancy Certificate before handing possession to buyers. Buyers are advised to verify the current status of this registration—particularly if the RERA status is shown as Lapsed—directly on the portal before entering into any agreement.

Configurations & Amenities

Based on the RERA-filed unit schedule, the project encompasses the following configurations: Commercial Shop (27.51 sqm) × 3; Commercial Shop (26.29 sqm) × 3; Commercial Shop (19.44 sqm) × 3; Commercial Shop (38.3 sqm) × 3; Commercial Shop (15.85 sqm) × 45; Commercial Shop (16.53 sqm) × 30; Commercial Shop (21.13 sqm) × 3; Commercial Shop (20.24 sqm) × 6. Additional unit variants are enumerated in the full RERA filing.

In terms of facilities, the project is designed to provide residents with: Basement parking, Open space, Amenity space, Lifts, Staircases. Buyers should confirm the actual scope of facilities against the RERA-filed amenities declaration, as only contractually committed amenities carry regulatory enforceability.

Investment & Buyer Due Diligence

Kumar Palladium Plaza, registered under MahaRERA as P52100032535, carries a current status of Lapsed on the MahaRERA portal. A lapsed RERA status indicates that the project's registration has not been renewed or that an extension was not obtained. Buyers considering a lapsed project must exercise heightened caution: verify the promoter's renewal application status, ensure no new bookings are being taken without a valid registration, and seek independent legal advice before committing funds.

For due diligence purposes, buyers should: (a) independently verify the RERA registration, promoter identity, and quarterly filings on maharera.mahaonline.gov.in; (b) inspect the municipal-sanctioned building plan and confirm no deviation from filed plans; (c) confirm the developer's escrow account details to ensure payment protection; (d) review the promoter's track record across all prior projects registered on MahaRERA; (e) engage an independent legal professional to review the Agreement for Sale before payment; and (f) physically inspect the site and neighbourhood connectivity at different times. The agreed possession timeline under RERA is 31 December 2025. Any delay beyond this date entitles buyers to compensation under Section 18 of RERA.