Laxmi Narayan Industries: A Comprehensive Overview of the MahaRERA Registered Project in Sadarbazar, Satar

Laxmi Narayan Industries is a maharera registered project located in Sadarbazar, Satara. This commercial development is promoted by Laxmi Narayan Industries themselves and has been registered with Maharera (Maharashtra Real Estate Regulatory Authority) under the RERA ID P52700047263.

Location and Connectivity:

Sadarbazar is a well-known locality in the district of Satara, located in the state of Maharashtra. It is a bustling area with a mix of commercial and residential properties. As a Maharera registered project, Laxmi Narayan Industries would be a trusted and reliable choice for those looking to invest in the real estate sector in this area.

Located in the western region of Maharashtra, Satara is known for its rich cultural heritage and historical significance. The district is home to several temples, forts, and palaces, attracting a large number of tourists every year. It is also an important industrial hub, with a number of small and medium enterprises operating in various sectors.

In terms of connectivity, Sadarbazar is well-served by a network of roads and highways, making it easily accessible from the rest of the district and the state. The nearest airport is Pune International Airport, located about 120 km away, while the nearest railway station is Satara Railway Station, located just a few kilometers from the locality.

Promoter Details:

Laxmi Narayan Industries are the sole promoters of this development. The company is made up of a team of partners, including Sunil Laxminarayan Zanvar, Jayant Govind Thakkar, Amey Shrikant Agate, Rajendra Vidyadhar Joshi, Deepak Vasant Patil, Anuradha Deepak Patil, Vijay Vasant Kulkarni, Vijaykumar Shrikisan Rathi, Rajendrakumar Shrikisan Rathi, Madanlal Shrikisan Rathi, and Pariissh Govind Thackar.

Technical Details:

This Maharera registered project is located on plot number CTS NO 480/1. The boundaries of the plot are defined by CTS NO 479A-1-9 479A-1-11 479A-1-13 479A-1-27 to the east, CTS NO 480-2 to the west, CTS NO 480 to the north, and a road to the south. The development consists of one proposed building, which has been sanctioned. There is no recreational open space as per the sanctioned plan. The plan has not been sanctioned by the Municipal Corporation of Greater Mumbai (MCGM). The plot's proposed total FSI (Floor Space Index) is 16329.35 sqmts out of which 14329.35 sqmts has been sanctioned.

Building Details:

Laxmi Narayan Industries consists of a single building built on a total plot area of 723.5 square meters. The building has one plinth, no podiums, one stilt, and six sanctioned floors. There is also one basement and a total of 510 parking spaces, including 214 open parking spaces and 296 covered parking spaces.

They offer a variety of shop and office space apartments, with carpet areas ranging from a minimum of 10.14 square meters to a maximum of 111.50 square meters.

Approved units of the development by MahaRERA:-

Facilities:

This Maharera registered project offers a range of facilities and amenities to its residents. It includes internal roads and footpaths, as well as provisions for water conservation and rainwater harvesting. Fire protection and fire safety requirements have also been implemented to ensure the safety of residents. The development includes an electrical meter room, substation, and receiving station to manage the power supply. Landscaping and tree planting have also been incorporated into the project to enhance the aesthetic appeal of the development.

Experts Working on the Project:

Laxmi Narayan Industries has a team of professionals working on the project. These experts include Prasad Kasture, an architect, Arun T Bhadgave, an engineer, and S D Kulkarni and Co, a chartered accountant firm. Each professional brings their unique expertise and skills to the project, contributing towards its successful development.

Litigation Status:

There are currently no litigation records for this project.

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RERA stands for Real Estate Regulatory Authority and is the Government body for regulating Real Estate Developers and Agents (Brokers) It came into existence in 2016 and aims to protect the interest of property buyers. Every under-construction property must obtain RERA certificate and disclose a completion date before selling units to property buyers/investors. In India, each state has its own laws governing real estate. MahaRERA is the regulatory body for Maharashtra (Maharashtra Real Estate Regulation & Development Authority)

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