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Home → Statutory Legal Disclaimer
STATUTORY COMPLIANCE

Statutory Legal Disclaimer

Important statutory disclosures, architectural tolerance terms, MahaRERA project registrations, and legal limitations governing information published across Vikas Developer digital portals.

Effective Date: August 15, 2026
•
Last Updated: August 2026
•
Governing Authority: MahaRERA (maharera.maharashtra.gov.in)
ON THIS PAGE Nature of Website Information
01 Nature of Website Information 02 MahaRERA Framework 03 Project Registration Registry 04 Artistic Impressions & Renders 05 Carpet Areas & Measurements 06 Pricing Estimates & Taxes 07 Infrastructure Claims 08 No Financial Guarantee 09 Commercial Properties 10 Sanctions & Approvals 11 Agreement for Sale Prevails 12 Official Clarifications

ON THIS PAGE

  • 01 Nature of Website Information
  • 02 MahaRERA Framework
  • 03 Project Registration Registry
  • 04 Artistic Impressions & Renders
  • 05 Carpet Areas & Measurements
  • 06 Pricing Estimates & Taxes
  • 07 Infrastructure Claims
  • 08 No Financial Guarantee
  • 09 Commercial Properties
  • 10 Sanctions & Approvals
  • 11 Agreement for Sale Prevails
  • 12 Official Clarifications

Statutory Governance Notice

This website (vikasdeveloper.com) is the official corporate digital portal of Vikas Developer. All ongoing real estate developments are registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA). Prospective buyers are advised to review official public project disclosures on the MahaRERA portal before entering into any transaction.

1. Nature of Website Information (No Offer / No Contract)

The contents of this website—including project descriptions, floor plans, elevations, dimension charts, videos, amenity lists, micro-market analysis, and pricing indicators—are published solely for informational guidance.

Nothing contained on this website constitutes an offer, invitation to offer, contract, legal warranty, or binding financial commitment by Vikas Developer or its affiliated operating entities. Any purchase, lease, or allotment of real estate is governed exclusively by the terms, specifications, and payment schedules set forth in the formal registered Agreement for Sale executed between the promoter and the purchaser.

2. MahaRERA Regulatory Governance

In accordance with the Real Estate (Regulation and Development) Act, 2016 (RERA) and rules framed by the Government of Maharashtra, all advertising and promotional representations conform to statutory disclosure standards.

Official project dossiers, sanctioned layout drawings, floor plans, quarterly progress reports (QPR), proforma agreements, and encumbrance certificates are maintained on the official portal of the Maharashtra Real Estate Regulatory Authority: https://maharera.maharashtra.gov.in.

3. Project-Specific MahaRERA Registration Registry

The following ongoing projects developed by Vikas Developer in Kalyan are registered under MahaRERA:

Project Name Location Typology MahaRERA Reg. No. Verification
Ritz Life (Phase 1) Khadakpada, Kalyan (W) Residential (1 & 2 BHK) P51700029841 Verify →
Ritz Life (Phase 2) Khadakpada, Kalyan (W) Residential (1 & 2 BHK) P51700045558 Verify →
Ritz Europa New Khadakpada, Kalyan (W) Residential (1, 2 & 3 BHK) P51700078021 Verify →
Ritz – The Highstreet V.B. Chowk, New Khadakpada Commercial Retail & Office Part of Ritz Precinct Verify →

4. Architectural Visualizations, 3D Renderings & Artistic Impressions

Visual media on this website—including 3D walkthrough animations, computer-generated exterior elevations, interior mock-up views, landscaped podium illustrations, and aerial photomontages—are conceptual artistic impressions intended to convey architectural intent.

Furniture, interior decor fixtures, decorative wall paneling, soft furnishings, electronic equipment, and modular fittings depicted in flat visualizers or model residences are strictly for staging demonstration and do not form part of standard unit handover specifications unless explicitly itemized in the registered Agreement for Sale.

5. Carpet Area Measurements & Construction Tolerances

All residential and commercial unit dimensions are calculated and stated in accordance with the RERA Carpet Area definition under Section 2(k) of the Real Estate (Regulation and Development) Act, 2016 (i.e., net usable floor area of an apartment, excluding external walls, service shafts, exclusive balcony/verandah areas, but including internal partition walls).

Minor engineering variations may arise during actual construction due to structural column placement, plastering thickness, and architectural detailing. Final registered carpet areas will conform to the municipal sanctioned completion drawings.

6. Pricing Estimates, Taxes & Statutory Outgoings

Base pricing, indicative ranges, and EMI estimates displayed on the website or generated via calculation tools represent approximate values based on prevailing inventory at the time of publication.

Stated prices exclude applicable statutory duties and taxes, including but not limited to:

  • Maharashtra State Stamp Duty and Registration Fees;
  • Goods and Services Tax (GST) as applicable;
  • Society formation charges, share money, and advance maintenance deposits;
  • Development charges or statutory levies mandated by local municipal authorities (KDMC).

Final binding commercial considerations are confirmed exclusively through formal allotment letters and cost sheets issued by Vikas Developer.

7. Regional Infrastructure, Transit Corridors & Indicative Travel Times

Information concerning regional infrastructure projects (including Metro Line 12, Metro Line 5, Kalyan Ring Road, and the Kalyan Growth Centre) is derived from publicly accessible master plans and press releases published by government planning bodies (such as MMRDA, KDMC, and MSRDC).

Vikas Developer does not represent or guarantee execution timelines, station alignment completions, or government delivery milestones. Commute durations and proximity metrics are indicative approximations based on typical traffic conditions and are subject to real-world transit variables.

8. No Investment Guarantee or Financial Return Representation

Content published on this website is for general residential and commercial discovery and does not constitute financial, investment, legal, or tax advice. Vikas Developer does not guarantee rental yields, assured capital appreciation, or specific resale performance. Real estate investments are subject to regional market risks, economic fluctuations, and regulatory amendments.

9. Commercial Properties & High-Street Retail Spaces

Suitability of commercial units for specific trade licenses, food & beverage extraction, medical clinics, or retail signage is subject to municipal sanctions, fire safety approvals, and society bylaws. Occupiers are responsible for securing individual trade registrations and statutory operating permits.

10. Sanctions, Approvals & Engineering Specifications

Developments are constructed in compliance with building permissions and Commencement Certificates (CC) granted by the Kalyan-Dombivli Municipal Corporation (KDMC). The promoter reserves the right to make technical adjustments in building elevations, service shaft routing, or structural layout as directed by municipal planning authorities or structural engineering consultants in the interest of overall structural integrity.

11. Registered Agreement for Sale Prevails

In the event of any variance, discrepancy, or inconsistency between marketing material, brochure renderings, digital website content, and the registered Agreement for Sale, the terms, floor plans, carpet areas, specifications, and delivery covenants stipulated in the executed Agreement for Sale shall solely prevail and be legally binding.

12. Official Promoter Communication & Clarifications

For verified project dossiers, sanctioned municipal drawings, or formal statutory clarifications, please contact our corporate headquarters directly:

Vikas Developer Corporate Presales Desk

Corporate Address: Vikas Developer, Ritz, V.B. Chowk, New Khadakpada, Kalyan (West), Maharashtra 421301, India

Official Website: https://vikasdeveloper.com

Presales Inquiries: +91 80802 08020

Legal Inquiries Email: legal@vikasdeveloper.com

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