Naik Heritage
MahaRERA Property Intelligence · Pune
P52100009000 · Shukrawar Peth · promoter Olympia
| MahaRERA registration | P52100009000 |
| Registered on | 19 Aug 2017 |
| Promoter-declared completion | 27 Jan 2024 |
| Current status | Certificate Signed |
| Against today | about 30 months past the declared date |
MahaRERA's own defaulter/deregistration lists and the project's quarterly-progress-report filing — the regulator's view of whether this project is in good standing.
Across MahaRERA, Olympia is the promoter of record on 2 projects, of which none currently carry a MahaRERA regulator flag (insolvency, deregistration, completion-lapse or QPR default). Read the pattern across the portfolio, not just this project's brochure — matched on the promoter name in the MahaRERA register.
The buildings and wings registered under this project, with each tower's sanctioned height and declared completion date. Here the tallest tower rises to G+24.
| Building | Wings | Floors | Declared completion |
|---|---|---|---|
| AVAANTI RESIDENCES AND PREMIUM COMMERCIAL SPACES | 1 | G+24 | 29 Dec 2021 |
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
The promoter has declared 2 court cases on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| Bombay High Court | 2584 | 2021 | For Admission |
| Bombay High Court | 2646 | 2021 | For Admission |
The promoter has had the MahaRERA completion deadline formally extended 3 times. Each extension is the regulator letting the finish line move — the clearest evidence of delivery slippage, straight from the record.
| From (declared) | To (revised) | Stated reason |
|---|---|---|
| 27 Jan 2024 | 27 Jun 2023 | The Progress of the real estate project was adversely affected due to long term impact of COVID-19 lockdown/restrictions like slow movement of unsold inventory, plight of the labou |
| 27 Jan 2024 | 29 Jun 2021 | Annexure I to Form E Explanatory Note The above referred real estat |
| 27 Jan 2024 | 27 Jan 2024 | The present application is being made only in relation to completion of the unsold apartments (residential) (as entire commercial units are already completed and relevant occupatio |
Located at Shukrawar Peth, Tilak Road, Pune City, Pune, 411002. Per the filed land record, the plot is bounded to the north by TILAK ROAD, to the south by SERVICE ROAD, to the east by MANGAL MURTI COMPLEX EXISTING BUILDING and to the west by BAJIRAO ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~8 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Pune Junction / city centre | 3 km |
| Magarpatta / Hadapsar IT | 8 km |
| Baner–Balewadi belt | 10 km |
| Kharadi / EON IT Park | 10 km |
| Pune Int'l Airport (Lohegaon) | 11 km |
| Hinjewadi Rajiv Gandhi IT Park | 16 km |
Straight-line distances from the geocoded project locality (the RERA address is an area, not a door) — directional, not door-to-door drive times. Check the actual road route, the nearest metro station and daily-need shops/schools/hospitals on a site visit.
🔒 The verdict & buyer playbook · Compliance report
The paid report opens with the overall risk read on this MahaRERA filing, exactly what I'd do as a buyer in this project, who it suits, and the questions to put to the promoter before you commit.
🔒 Unit-by-unit guidance · Unit Guidance report
Which building/wing and unit to prefer and the sanctioned-plan read for this project — the ₹2,999 guidance layer.
🔒 Full financial records — escrow, funding & the document catalog · Compliance report
The RERA 70% designated-escrow account activity, the declared means-of-finance, the professionals of record, and every document filed with MahaRERA — the raw records the read above is built on.
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Flags are from MahaRERA's own published problem lists — not a claim about the developer's intent. Explore every flagged project on our Pune RERA red-flag register.
Last checked against the RERA register: 27 Jul 2026