UPPER KHARADI INTELLIGENCEManagement brief · V11
16 October 2026

Build around the core.
Keep premium optional.

A working recommendation for 25 lakh saleable sq ft: prioritize established 2 BHK and core 3 BHK products, retain a small flex reserve, and release premium homes only after the missing evidence is obtained.

25 lakh sq ft · saleable budgetStatic reference · 40% loadingInvestment readiness · Not ready
V11 · DOCUMENTED PHASE MAPPING / AUTHORITY CORRECTION OPEN

Separate the two wings before comparing them.

The developer-hosted brochure explicitly maps Wing A and Wing B to separate registrations. A newly read signed architect Form 4 separately identifies Wing A /25655, while the other Form 4 prints 25681 and names A + B. The supplied export confirms Wing A / Gat 1447 for one record. This is a document-level reconciliation, not an independently authenticated current registry result.

Two different evidence types: developer-declared registration mapping and historical OC-covered apartments. Neither column is current available stock.
Rohan II wingRegistration in official brochure p26Homes covered by 20 July 2023 OC copy
Wing AP52100025655105
Wing BP5210002568198

Survey evidence: Gat 1447 is supported by the original Wing A export description, stamped layout and stamped occupancy copy. Both Form 4 copies literally type 1477. No corrected certificate or authority-authenticated resolution was obtained.

202 versus 203: the developer brochure p3 advertises 202 homes; the OC copy covers 203. These are separate historical source scopes, not today’s inventory.

Gat 1447 is supported by the stamped OC copy, newly read stamped layouts and original Wing A export description. Both architect Form 4 copies still literally type 1477; the 25681 copy names A + B. The OC handwritten outward suffix appears to read 3334, while both architect copies type 3335; an exact authority-reference match is not established. No corrected certificate or current authority authentication was obtained. Do not repair the certificates, assign all 203 homes to B, subtract registrations from 203, or treat 202/203 as current stock. Stamped layouts separately show historical A 105/B 19 (total 124) and A 105/B 60 (total 165) scope; an unstamped proposed 203-home sheet is not approval. None replaces the later OC’s 203 covered apartments. Exclusive terrace, current available units, achieved contractual handover and current authority status remain unavailable.

The existing 4.596 km Rohan map point applies only to old registration P52100000471. The phase-II record remains ineligible for the current 5 km comparison cohort; no new phase-II location or radius join is certified.

Official Rohan II brochure · pp 3 and 26 ↗ · PMRDA occupancy copy · historical 20 July 2023 ↗ · Separate Wing A architect Form 4 copy · 25655 ↗ · Architect Form 4 copy · 25681 / stated A + B scope ↗

Inspect the full phase reconciliation ↗
DESCRIPTION IDENTITY RESOLVED · STATUTORY CONFIRMATION OPEN

Tower E: UG104, upper ground

The original export’s full Marathi property description explicitly names UG104 / upper ground / 3 BHK Ultra. Its shortened fields remain 104 / G. Source: crematrix-export-1792051584.csv, source row 4601 (CSV table row; physical file line 7284), CRE37135030, registration 20 March 2026.

114.20 sq mDescription-labeled carpet
13.46 sq mCombined source EBVT; not separately established terrace/balcony
3.12 sq mUtility; not terrace
130.78 sq mSource component total; not saleable
अप्पर ग्राउंड मजल्यावरील अपार्टमेंट नंबर यु जी 104(3 बीएचके अल्ट्रा)यासी क्षेत्र 114.20 चौ. मी. कारपेट एरिया व ईबीव्हीटी एरिया 13.46 चौ. मी. व युटिलिटी एरिया 3.12 चौ. मी. असे एकुण क्षेत्र 130.78 चौ.मी.

The export explicitly names upper-ground UG104. Raw short fields 104 / G are retained. EBVT is a combined source label, not a separately established exclusive balcony or terrace. Utility is not terrace. No statutory area, current inventory, possession or unique-home-sale verification follows.

All 19 reviewed Tower E records now have candidate identifier/carpet consistency with the copied plan. Zero independently verified authority unit joins. The prefix resolution creates no additional transaction, stock or demand observation.

Inspect the identity evidence and source hash ↗
FRESH POSSESSION DOCUMENTS · SCOPE LIMITED

Historical occupancy evidence does not validate a new allocation.

A newly read 20 July 2023 PMRDA occupancy copy covers Rohan II Wings A/B, 203 apartments and a clubhouse. The related 28 July 2023 Form 4 prints P52100025681, but its typed survey 1477 differs from 1447 on the OC and the portal combines phases. Keep the exact documentary claims separate from current possession, current available stock and demand for our premium homes.

No readable new unit-status schedule was obtained for Grand or IvyLush. None of these findings changes the conditional 55/40/5 budget shares, 2,115 illustrative core homes, 891 core-only target equivalents or premium release gates.

Inspect document findings and remaining evidence ↗
THE RECOMMENDED STARTING BRIEF

55% 2 BHK.
40% core 3 BHK.
5% premium / flex reserve.

Use the existing velocity allocation for the initial feasibility and launch-design brief. Treat its four core products as the working plan and its premium option as uncommitted area.

This is a management judgment under incomplete evidence. It is not a calibrated optimum, an architectural sanction or approval to construct every modeled apartment.

55%2 BHK
15% compact + 40% regular
40%Core 3 BHK
25% compact + 15% regular
5%Premium / flex
No quantity committed

Balanced remains an uncommitted alternative if buyer and premium-product validation supports it. The premium-realization scenario is unsuitable as the underwriting base today.

FOUR CORE PRODUCTS
2,115
Whole apartments under the reference assumptions
CORE GROSS AGREEMENT VALUE
₹2,189.11 cr
Assumed prices · excludes flex revenue and costs
CORE SALEABLE AREA USED
23.7433 lakh
23,74,330 sq ft · calculated reference area
AREA LEFT UNCOMMITTED
1,25,670
1,25,000 sq ft flex + 670 sq ft core rounding

The simulator has not been changed. Its published default remains balanced. This report is a static 40% reference; edited live simulator inputs may produce different results. The recommended 5% flex reserve has no approved premium unit count or booked value.

THE FOUR CORE PRODUCTS

A reconciled area budget, with whole apartments.

The four rows use 95% of the development budget before rounding. The proposed rates are test inputs per RERA carpet sq ft; they are not current validated site quotations.

Estimated saleable =
(RERA carpet + exclusive terrace) × 1.40

Developer planning carpet equals RERA carpet plus exclusive terrace. Every reference product explicitly assumes zero terrace; this is a preliminary design assumption. Exclusive balcony is separate and excluded from loading. Actual competitor saleable area is never replaced with this model.

Static 40% reference · areas in sq ft · agreement prices and revenue are assumptions
Product / assumed rateRERA carpetModeled saleableBudget shareWhole unitsAgreement ticketGross agreement value
Compact 2 BHK₹11,500 / RERA sq ft · assumption 650+ 0 terrace assumed91015%412₹74.75 lakh₹307.97 cr
Regular 2 BHK₹13,000 / RERA sq ft · assumption 750+ 0 terrace assumed1,05040%952₹97.50 lakh₹928.20 cr
Compact 3 BHK₹13,250 / RERA sq ft · assumption 900+ 0 terrace assumed1,26025%496₹119.25 lakh₹591.48 cr
Regular 3 BHK₹13,500 / RERA sq ft · assumption 1,050+ 0 terrace assumed1,47015%255₹141.75 lakh₹361.46 cr
Core total16,95,950Total RERA area; zero terrace assumed23,74,330Total estimated saleable area95%2,115Mixed tickets₹2,189.1125 crUnrounded computed total
1,25,000 sq ft · premium / flex reserve

No fixed 1,400 / 1,500 sq ft 3 BHK, 2,000 sq ft 4 BHK or 3.5 BHK quantity is approved. Keep this area flexible until the exact product, buyer, price and release evidence passes review.

670 sq ft · core rounding reserve

Each product allocation is rounded down to whole apartments. The 95% core budget is 23,75,000 sq ft; modeled core apartments use 23,74,330 sq ft. Together with flex, 1,25,670 sq ft remains uncommitted.

Whole units = floor(allocated saleable area ÷ per-apartment modeled saleable area). Revenue = whole units × RERA carpet × assumed RERA-carpet rate. Loading alone does not create revenue. These are net agreement values before statutory charges, parking/premia and unsupplied incentives; they are not profit or cash collections. Final plans, costs and current commercial quotations remain required.

THREE EXISTING SCENARIOS · SEPARATE BENCHMARKS

More premium exposure buys a modest revenue uplift.

At the same proposed opening rates, balanced adds ₹39.02 crore of modeled gross agreement value over full velocity while increasing premium / 4 BHK area from 5% to 15%. That uplift is before extra costs, timing and risk.

CONDITIONAL MODEL

Full velocity benchmark

2,186whole apartments

₹2,313.36 crassumed gross agreement value

55% 2 BHK · 40% core 3 BHK · 5% premium / 4 BHK

Unassigned saleable area
1,420 sq ft
Base month 8 · net booked
5.58 lakh sq ft
Base month 8 · registered
3.70 lakh sq ft

Includes 71 unapproved premium 3 BHK apartments. Separate from the recommended core-only brief.

CONDITIONAL MODEL

Balanced benchmark

2,012whole apartments

₹2,352.39 crassumed gross agreement value

40% 2 BHK · 45% core 3 BHK · 15% premium / 4 BHK

Unassigned saleable area
4,920 sq ft
Base month 8 · net booked
6.05 lakh sq ft
Base month 8 · registered
4.02 lakh sq ft
CONDITIONAL MODEL

Premium benchmark

1,770whole apartments

₹2,413.19 crassumed gross agreement value

20% 2 BHK · 45% core 3 BHK · 35% premium / 4 BHK

Unassigned saleable area
4,290 sq ft
Base month 8 · net booked
6.88 lakh sq ft
Base month 8 · registered
4.57 lakh sq ft

The full velocity benchmark is not the recommended core-only portfolio. Its 2,186 apartments and ₹2,313.3625 crore include 71 assumed premium 3 BHK apartments worth ₹124.25 crore. Those apartments use 1,250 RERA carpet sq ft and zero assumed terrace; their quantity and revenue are unapproved. The recommended brief has 2,115 core apartments and leaves the flex area uncommitted.

All three engine benchmarks assume the same product-independent lead conversions and cancellation rates. Their base month-8 net booking count is identical at 488. Larger homes produce greater modeled area throughput arithmetically; this is not evidence that premium homes sell faster. The model has no verified product-specific absorption coefficient or probability of success.

WORK BACK FROM THE OBJECTIVE

10 lakh saleable sq ft is an execution target.

It equals 40% of the confirmed development budget. Specify whether the deadline applies to net bookings or registrations; cancellations, legal conversion and two stage lags make them different targets.

RECOMMENDED FOUR-CORE MIX · FLEX UNRELEASED

10 lakh net-booking area target

891 core-mix home equivalents

Uses the modeled core average of 1,122.615 saleable sq ft. Actual apartment counts depend on the products that are released and sold.

111.4average equivalents / month · 8 months
148.5average equivalents / month · 6 months
FULL CONDITIONAL VELOCITY BENCHMARK

Same area, larger weighted average

875 weighted-mix home equivalents

Includes the unapproved premium option; average area is 1,142.992 modeled saleable sq ft. This is the mix used for the engine results below.

109.4average equivalents / month · 8 months
145.8average equivalents / month · 6 months
8 months: 1,25,000 saleable sq ft net / month6 months: 1,66,667 saleable sq ft net / monthBoth: whole-unit release schedule still required

What the full velocity base capacity produces by month 8

Unchanged assumed inputs: 3,500 monthly leads, 8% cancellations, 95% at each legal stage, one month per stage and a 1.25 release buffer. This is arithmetic capacity, not a forecast calibrated from market absorption.

488 MODELED NET BOOKINGS5.58 lakh saleable sq ft55.8% of the 10 lakh target
324 MODELED REGISTRATIONS3.70 lakh saleable sq ft37.0% of the 10 lakh target

The previous 9,000-lead stretch does not achieve 10 lakh registrations for this mix. With the buffer expanded to 1.35, it produces 13.50 lakh net-booked area but only 9.60 lakh registered area by month 8. A stretch preset must be recalculated when the mix changes.

Inspect the modeled capacity thresholds and release constraint

For the full conditional velocity benchmark, the exact engine threshold is 6,352 leads each month to reach 10 lakh net-booked area by month 8 at the existing assumptions. It requires 9,372 monthly leads and a 1.35 release buffer to reach 10 lakh registered area. These are input requirements, not proof that buyers or conversions exist.

The original 1.25 release envelope cannot fit the registration target by month 8 even with more leads. With one month at each of two legal stages, only bookings through month 6 can register by month 8. A dated whole-apartment release plan must make adequate inventory available early enough.

Core-only thresholds must be recalculated against the final sanctioned release schedule and observed buyer funnel. No existing full-velocity engine result is presented as a core-only forecast.

Home equivalents use a portfolio-average area and are not an exact unit-wise sales schedule. Gross bookings, cancellations, net bookings, agreements, registrations and collections remain distinct. No registration count or investor saleable-area series is used to calibrate the conversion assumptions.

WHAT SUPPORTS THE CHOICE · WHAT STILL BLOCKS APPROVAL

Core activity is broader. Premium quantities need proof.

The phase-eligible 5 km source cohort contains 3,019 registration records across 34 projects, within 39 researched radius profiles. Only 2,361 records support the RERA rate and 426 support the modeled saleable rate. Source points are corroborated; legal project boundaries are not independently verified.

Inspect the core product evidence and sample sizes
CRE-2026 · source period 1 October 2025–30 September 2026 · supported configuration and explicit RERA-rate eligibility
Proposed productBroad RERA bandRecordsNarrow design bandRecords
Compact 2 BHK550–<700624625–<675296
Regular 2 BHK700–<850222725–<775162
Compact 3 BHK800–<1000183875–<92534
Regular 3 BHK1000–<11501411025–<107580

Bands are lower-inclusive and upper-exclusive. Broader counts do not validate the narrower design or exact proposed ticket. Related legal registrations and candidate identity collisions remain in the records; no verified unique-home demand total is asserted. Dated released inventory and cancellations are missing.

Exact requested premium bands · no non-disputed P-coded support in the current defined cohort
Product / RERA bandSource labelsConflict holdoutsNon-disputed P-codedDecision limit
1400 RERA 3 BHK1350–<1450 RERA sq ft330Three P-coded records are held out for unresolved configuration conflicts.
1500 RERA 3 BHK1450–<1550 RERA sq ft400Four resale-coded legal records include related deed references; they are not four independent primary sales.
2000 RERA 4 BHK1900–<2100 RERA sq ft000No matching record in the defined cohort.

P is the source's primary-sale code; it is not independent confirmation of a fresh booking. Zero supported observations does not establish zero premium demand. The existing model’s 1,250 RERA sq ft premium 3 BHK and 1,450 RERA sq ft 4 BHK are different from the requested 1,400 / 1,500 / 2,000 sq ft products.

Optional 3.5 BHK · test within the flex reserve

There are 14 P-coded 3.5 BHK registration records from Gera Island of Joy and Ganga Platinum. Every record lacks exclusive-terrace detail, so none supports a standardized planning/saleable conversion. No proposed size, allocation, fixed quantity or revenue is invented.

Marketing “carpet” is not statutory carpet

Strand’s original training brochure uses generic carpet labels without an approved component schedule. Its 1,566.7 sq ft 4 BHK figure numerically matches carpet + enclosed balcony + dry terrace in one registration description; that does not certify statutory area or apartment identity. The source also contains an internal duplex-area discrepancy.

01

Unit Area

Approved exact RERA/tower/unit schedule with statutory carpet, exclusive terrace and balcony separately; resolve 36985691, 35701432 and 35399516 configuration conflicts without changing raw fields.

Pass evidence: Exact identity and area schedule joins with recorded source/date, including architect-checked layout.
02

Price

Dated signed or attributable competitor and own-project price sheets for matching configuration, RERA area and delivery scope; separate net consideration, taxes, parking, premia and incentives.

Pass evidence: Equivalent denominator and comparable total ticket; actual saleable/loading only if documented.
03

Booking Cohort

Dated launch and released-unit schedule plus booking and cancellation panel for the same phase/product; reconcile unique units and later legal instruments.

Pass evidence: Matched opening released stock, new releases, gross bookings, cancellations and closing unbooked units by month; unit identities retained and independently checked.
04

Buyer Validation

Test the proposed 2/3/premium tickets through genuine qualified enquiries, site visits, finance eligibility and paid bookings, with cancellation reasons and dates.

Pass evidence: Observed own-product funnel replaces assumed conversion and cancellation parameters; report sampling uncertainty instead of assigning a guessed success percentage.
05

Design Optionality

Architect and legal review for 3.5 BHK or apartment combination: sanction, fire/egress, structural/services, ownership/registration and society rules.

Pass evidence: Written site-specific approval; do not infer combine-ready status from an adjacent plan or area sum.
06

Release And Capacity

Choose whether 10 lakh means net bookings or registrations by the deadline, and approve the dated unit release, staffing, leads, CP/direct split and acquisition budget.

Pass evidence: Whole-unit month-by-month schedule meets the chosen stage target after legal lags and cancellations; later monthly observed CRM performance revalidates release pace.

All 11,909 original source records are preserved. The provider’s 28 rows and five arithmetic warnings remain separate from phase-matched absorption. Current statutory unit schedules, available-stock lists, current authority status, occupancy and exact net bookings remain unresolved where the certificate states Unavailable or Conflicting.

SOURCE TRAIL & RELATED DELIVERABLES

Document follow-up and the retained source trail.

Godrej Properties Integrated Report 2024–25

The primary report lists Godrej River Greens – River Crest under Pune phase launches in FY2024–25 (PDF page 16, printed page 29). Its project reference schedule maps the exact name to P52100077127 (PDF page 272, printed page 540). This corroborates source identity and the financial-year launch window; exact launch day, released units, bookings, cancellations and current available stock remain unestablished.

Open original annual report
Original issuer report on Godrej Industries’ host · 275 PDF pages text-processed / indexed; pages 16 and 272 visually checked · not independent of the developer

Strand original internal training material

The undated commercial source is marked for internal training and contains generic area labels. Its old offer values are not current advertised prices. Neither plan graphics nor a numerical area match establish approved statutory carpet or available apartments.

Inspect original training document
Source linked for review only · original PDF and page images are not rehosted

CRE, provider and historical investor evidence

Registration observations are not unique-home demand or cancellation-adjusted booking absorption. The five dated IvyLush investor-area snapshots retain their own commercial convention; they are not converted with this 40% reference. The changed March–June 2026 footprint prevents assigning a 50,000 sq ft movement to sales or inferring zero bookings.

This brief is a dated recommendation under incomplete verification. It does not update the simulator, approve a statutory area, verify current inventory or guarantee the 10 lakh target. Published figures use a static 40% loading assumption over RERA carpet plus explicit terrace, with zero terrace in the preliminary design. Final investment readiness remains Not ready.