OFFICIAL LEGAL DISCLAIMER & COMPREHENSIVE PROJECT CLARIFICATION

Palm Riveria — (Marketed as GKC Grand Kausa City)

Palm Riveria is a MahaRERA-registered residential real estate development promoted by YES Realty. The project is being marketed under the brand name GKC Grand Kausa City by the project’s marketing partner YES Central. All statutory approvals, technical certifications, title documents and financial disclosures have been filed with and can be verified on the official MahaRERA portal under Registration Number P51700056303. This web page aims to provide potential buyers, investors and the public with a complete, plain-language explanation of the project’s legal status, documentation, allotment process, buyer protections and avenues for verification and redress.

MahaRERA Registration & Core Project Facts
(Authoritative Data)

Registered Project Name (Legal): Palm Riveria
Marketing Name (Trade / Brand): GKC Grand Kausa City
MahaRERA Registration No.: P51700056303
Date of Registration: 25 May 2024
Promoter / Developer: YES Realty (Partnership Firm)
Planning Authority: Thane Municipal Corporation (TMC) Project Address: Survey Nos. 46,47,48,49,50/1,51/A/1,67/1,115/1,116,117/A/1,118/A/1,119/A,120/A/1,121,122, Sector IX, Mumbra, Thane (M Corp.), Maharashtra — 400612
Total Land Area: 100,638.69 sq. m.
Permissible Built-up Area: 516,352.75 sq. m.
Sanctioned Built-up Area (Applied): 103,645.44 sq. m.
Proposed Completion Date: 31 December 2033
Project Status on MahaRERA: Active

Why this matters: Registration under MahaRERA ensures the promoter has formally declared project details, timelines, approvals and financial disclosures, and is legally bound to comply with the Real Estate (Regulation & Development) Act, 2016.

Land, Title & Ownership Structure
(Detailed Explanation)

The project land is developed by YES Realty and involves a revenue–share / promoter-landowner relationship with Narottam Nagar Co-op Housing Society Ltd. All title and ownership-related instruments — including conveyance deeds, supplementary deeds, revenue sharing agreements, declarations of ownership and legal title reports — have been prepared, executed and uploaded as supporting documents on the MahaRERA portal. These documents cover chain of title, encumbrance statements and registered conveyance actions. Implication for buyers: Clear title and registered conveyance documents reduce legal risk for purchasers; these documents are available for independent verification via MahaRERA or during formal due diligence at the site office.

Approvals, Plans & Technical Documents

YES Realty has filed the following categories of documents with supporting copies:
Layout approvals and sanctioned plans (multiple building plan PDFs).
Commencement certificates (CC / NA Orders) and CC verification reports.
Architect’s Form 1 (percentage completion certificates for periodic reporting).
Engineer’s Form 2 (cost incurred certificates for SPA/escrow compliance).
Conveyance deeds, supplementary deeds and land ownership declarations.
Bank account / escrow details (Separate bank account for project collections: HDFC Bank — details filed).
Disclosure of sold/booked inventory and periodic Form 1/Form 2 updates (uploaded as scheduled).
How buyers should use this: Cross-check plan IDs, CC dates and Form 1/Form 2 certificates on MahaRERA against documents presented at the site office or by your legal advisor.

Allotment Reservation (AR) Scheme — Process & Buyer Protections

Palm Riveria uses an Allotment Reservation (AR) Scheme for pre-launch and launch allotments. Below is the typical lifecycle of a buyer under AR:
Reservation: Prospective buyer makes a reservation and receives a reservation number and provisional proforma allotment letter.
Due Diligence: Buyer is entitled to inspect all project documents (RERA filing, layout plan, CC, title deeds) prior to execution.
Agreement for Sale: Ownership rights are legally clarified and transferred subject to execution of an Agreement for Sale (AFS). The AFS contains payment schedule, possession timeline, construction milestones and remedies.
Escrow / Separate Account Compliance: Project receipts and utilization of funds are governed by RERA provisions; periodic Form 2 (engineer’s certificate on costs) confirms appropriate fund usage per statutory norms.
Possession & Conveyance: On completion and full payment, conveyance deed or equivalent is executed as per terms in the AFS.
Buyer rights under AR & RERA: Right to information, time-bound delivery, compensation for delay as per RERA, inspection of accounts related to the project, and right to approach MahaRERA for dispt be held liable for any reliance placed on such information, nor for any loss or damage arising directly or indirectly from the use of, or reliance upon, this website or its contents.

Litigation & Encumbrance Status

As per the documents and MahaRERA disclosure, there are currently no litigations, court cases, or registered financial encumbrances affecting the project land or development, nor any litigation recorded against the promoter YES Realty in relation to Palm Riveria. Encumbrance certificates and finance-related declarations have been filed and are available for review.
NOTE: Prospective buyers should still confirm status on MahaRERA and through independent title search at the sub-registrar’s office as part of standard due diligence.

Financial & Banking Disclosures

YES Realty has declared a separate bank account for project collections and included bank details (HDFC Bank) in MahaRERA filings. The promoter has submitted engineer’s certificates and bank declarations as required for compliance with fund utilization and escrow rules under RERA. Buyers should confirm: Bank account number and statements during final due diligence and ensure payments are routed only to the declared project account as per the AFS.

Grievance Redressal & How to Raise a Concern

YES Realty and YES Central maintain an internal grievance redressal mechanism. Buyers can: Approach the Allottee Grievance Redressal Officer (details available in AFS / site office). File complaints on MahaRERA’s grievance portal (link available on MahaRERA site). Pursue statutory remedies under the RERA Act if unresolved.

Detailed Legal Disclaimer

This website, brochure, advertisement or any printed/digital material is provided purely for representational and informational purposes. It does not constitute an offer, invitation, representation or contract of any nature. All transactions shall be governed solely by the terms and conditions of the Agreement for Sale to be executed between the parties, and governed by the provisions of the Real Estate (Regulation & Development) Act, 2016 and relevant state regulations. Visuals, renderings and mappings are artist’s impressions; actual development may vary due to technical, statutory or site conditions. Prices, specifications, amenities and timelines are subject to change without prior notice. Government taxes, registration and stamp duties are payable extra as applicable by law. Terms & Conditions apply.

How to Verify — Step by Step

Visit MahaRERA portal — search Registration No. P51700056303 and download Form 1 & Form 2. Verify the promoter name (YES Realty), project status (Active) and uploaded documents (plans, CC, title reports). Cross-check sanctioned plan numbers and CC dates with printed/layout copies at the site office. Confirm the project bank account before making payments; insist on payment receipts and bank deposit evidence. Consult a qualified real estate lawyer for title search at the local sub-registrar and for reviewing the Agreement for Sale. On possession, confirm issuance of occupancy/possession certificate and registration/conveyance timelines.

Final Note — Commitment to Good Governance

YES Realty and its marketing partner YES Central reaffirm their commitment to lawful, transparent and ethical development practices. We invite all stakeholders — buyers, investors and public authorities — to verify project records on MahaRERA and to engage the project team for any clarifications, document inspections or site visits.