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Indiabulls Park 3

P52000000488 · MahaRERA · https://gethorizon.in/projects/indiabulls-park-3-kon-panvel-zwcdr434

01

Complete project overview

MahaRERA · Registration filing
Project name
Indiabulls Park 3
Units
937 units
Floors
44
Buildings
8
Parking
1,166 spaces
Land area
3,572 sq m
Sanctioned built-up
75,354 sq m
Recreational open space
5,095 sq m

Timeline

RERA registeredJul 2017
Proposed completionDec 2024
TodaySep 2026
Construction progress
Flat fit-out0%
External finishes0%
OC-readiness0%
Internal Roads & F…0%
Water Supply0%
Sewerage (Chamber,…0%
Storm Water Drains0%
Landscaping & Tree…0%
Street Lighting0%
Community Building…0%
Treatment And Disp…0%
Solid Waste Manage…0%
Water conservation…0%
Energy managemcnt0%
Fire protection an…0%
Electrical meter r…0%
Aggregate area of …0%
Stilt floor10%
Stairs & lifts10%
Podiums11%
Internal finishes15%
Superstructure68%
Excavation100%
Basement (if any)100%
Plinth100%
Per-activity completion % as filed with MahaRERA, shown for in-progress projects — a snapshot, not a live tracker.
02

Builder’s track record

MahaRERA · Builder registration

Lucina Land Development Limited

CompanyPromoter type
Mumbai City, MAHARASHTRABased in
9Projects
1City
2017–2026Active
Timelineevery project, start → promised completion
Indiabulls Park 3Indiabulls Park 4Indiabulls Park 1Indiabulls Park 2Indiabulls Greens - 2Indiabulls Greens - 1Indiabulls Greens - 3Indiabulls Greens - 4Indiabulls Park 5

Indiabulls Park 3

this project
Residential / Group Housing
Jul 2017registered
Dec 2024target completion
937 flats75,354 sq m
Builder DNAthe whole portfolio, summed
5,960 homeson the public record across 9 projects
4,58,869 sq mbuilt-up filed
22,736 sq mland declared

These are sums of what the builder has put on the public record across their projects — a sense of how big a builder this is, not build quality and not whether they finish on time.

Every project Horizon has read from this builder, oldest first on the timeline. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.

More from Lucina Land Development Limited— the full portfolio →

03

Location

MahaRERA · Registration filing
Village
Kon
Taluka
Panvel
District
Raigarh
Pincode
410207
Survey no.
71/6A ,69/1A, 69/1B , 71/5A ,81/7 , 81/8 , 81/9 , 64/1 , 64/2 , 71/11 , 71/13
North boundary
Indiabulls Park
East boundary
Indiabulls Park
South boundary
Indiabulls Park
West boundary
Indiabulls Park
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 3.1km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 492 mPrimary road 82 mRailway line 657 mRailway station 729m away (Somatne)Limited bus connectivity nearby
Water & environment
River 798 mWater body 1.5 km
distances only — not a flood assessment
04

Government Guidance Rate

Maharashtra IGR — Annual Statement of Rates

In Maharashtra it’s called the ready reckoner rate.

₹38,545per sq yd
₹46,100per sq m
Which rate
residential flat (built)
Matched to
The rate published for the village of “Kon”.
In force
2026-2027 schedule
Spread
₹36,790 – ₹56,689 per sq yd across the places it was taken over

What this number is — and isn’t

  • The minimum value Maharashtra’s registration department will register a sale at. Stamp duty is usually charged on this or the price in the sale deed, whichever is higher.
  • Not a market price. Sales normally register above it, and how far above varies by place and by project.
  • Its fit depends on the grain the state publishes at. This one is matched at the level of village, and says so above. How Horizon decides what to show.
05

Planning authority

MahaRERA · Approved building plan

City and Industrial Development Corporation (CIDCO)

Development Authority
Building Permit
Survey no. 71/6A ,69/1A, 69/1B , 71/5A ,81/7 , 81/8 , 81/9 , 64/1 , 64/2 , 71/11 , 71/13

The promised possession date (30 Dec 2024) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.

The occupancy certificate — the proof that isn’t here

An approved plan is the government’s approval to build. It is not proof the project was built to that plan. That sign-off is the Occupancy Certificate (OC) — issued by the planning authority, the same body that approved the plan, not by RERA— and it isn’t in this record. Ask the builder for it, or check with the authority. Without an OC, banks may decline home loans, and any deviation from the approved plan carries penalty or demolition risk.

The approving body, at scale

City and Industrial Development Corporation (CIDCO)

Metropolitan / development authority

Has approved 885 RERA projects — about 1 in 23 in Maharashtra.

an apartments market — 99% apartments · 1% plotted layouts. Apartments like yours are this body's core business.

Builders
724
On record
7,061 flats · 987 plots
Reach
5 districts
Since
2017

Volume and mix are context, not a verdict — a busier body isn’t a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

See every project approved by MahaRERA→

07

Other projects nearby

The register · within 25 km

1,639 residential projects still under way within 25 km. Step out ring by ring:

Of the 802 projects the radar draws within 6 km — every kind, every stage — 222 are residential projects still under way. This list keeps only those, and looks further out.

6 projects within 1 km — showing the nearest 6.

450 m awayMixed

Kaustubh

Vijay Jadhav Kadu · Taloje Panchnad · Panvel

Oct 2024registered
Jul 2027target completion
Government Guidance Rate₹56,857/sq ydScale61 flatsAuthorityMahaRERA
Open the read Compare
670 m awayResidential / Group Housing

Vistara Garden

Shree Sarita Enterprises · Ashte · Panvel

Feb 2026registered
Jun 2029target completion
Government Guidance Rate₹41,974/sq ydScale174 flatsAuthorityMahaRERA
Open the read Compare
700 m awayResidential / Group Housing

Vistara World

Vistara Buildcon · Ashte · Panvel

Feb 2025registered
Jun 2028target completion
Government Guidance Rate₹41,974/sq ydScale266 flatsAuthorityMahaRERA
Open the read Compare
920 m awayResidential / Group Housing

Vrundavan I

MEGHA ENTERPRISES · Ariwali · Panvel

Feb 2024registered
Dec 2026target completion
Government Guidance Rate₹53,094/sq ydScale161 flatsAuthorityMahaRERA
Open the read Compare
920 m awayResidential / Group Housing

Narmada Heights

MEGHA ENTERPRISES · Ariwali · Panvel

Mar 2026registered
Dec 2029target completion
Government Guidance Rate₹53,094/sq ydScale229 flatsAuthorityMahaRERA
Open the read Compare
960 m awayOthers

TEJAS NEELKAMAL

Tejas Sangram Patil · Derawali · Panvel

Apr 2023registered
Dec 2027target completion
Government Guidance Rate₹42,392/sq ydScale105 flatsAuthorityMahaRERA
Open the read Compare

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. Distances from the filed coordinates.

What this record cannot tell you

  • Build quality — no filing records how well it was actually built.
  • Private disputes — only complaints escalated to the authority appear here.
  • What it will be worth — the record is the past; it does not price the future.