Fusion Towers Phase III
MahaRERA Property Intelligence · Pune
P52100029952 · Hinjawadi · promoter Realnet Ventures Private
| MahaRERA registration | P52100029952 |
| Registered on | 18 Jul 2021 |
| Promoter-declared completion | 31 Dec 2030 |
| Current status | Certificate Signed |
| Against today | 53 months to 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.
MahaRERA's cost filing puts construction at ~0.1% of the estimated project cost incurred as of the last certificate (₹17.86 Lakh spent against a ₹161.43 Cr estimate). This financial % is the regulator's own proxy for how much is physically built — the closest public read on real progress, and one a brochure never shows.
Cost-incurred % as last certified to MahaRERA; it can lag on-site reality between filings. Confirm the current stage and the latest Form 2 before you book.
Of 34 homes filed with MahaRERA, 18 are sold/booked (6 with registered agreements + 12 booked) and 16 remain available (~53% sold) — selling steadily. Buyers have committed ₹16.28 Cr in agreement value so far. Of that, ₹1.86 Cr (~11%) is already collected, ₹14.42 Cr receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.
What buyers actually paid: across 18 registered agreements, the effective carpet rate is ₹14,140/sqft (typical range ₹13,720–₹25,155) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
The unsold units on the filing — if you're quoted a unit NOT on this list, ask why it shows as sold/booked on the RERA record:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 1 | SHOP-1 | 1,016 sqft (94.4 sqm) | ₹1.80 Cr |
| Floor 1 | SHOP-2 | 818 sqft (76.04 sqm) | ₹1.45 Cr |
| Floor 1 | SHOP-3 | 301 sqft (27.99 sqm) | ₹53.36 Lakh |
| Floor 1 | SHOP-4 | 301 sqft (27.99 sqm) | ₹53.36 Lakh |
| Floor 1 | SHOP-5 | 301 sqft (27.99 sqm) | ₹53.36 Lakh |
| Floor 1 | SHOP-6 | 301 sqft (27.99 sqm) | ₹53.36 Lakh |
| Floor 1 | SHOP-7 | 328 sqft (30.48 sqm) | ₹58.11 Lakh |
| Floor 1 | SHOP-8 | 726 sqft (67.44 sqm) | ₹1.29 Cr |
| Floor 2 | OFFICE-1 | 1,352 sqft (125.62 sqm) | ₹1.45 Cr |
| Floor 2 | OFFICE-2 | 1,389 sqft (129.05 sqm) | ₹1.48 Cr |
| Floor 3 | OFFICE-4 | 382 sqft (35.49 sqm) | ₹40.83 Lakh |
| Floor 3 | OFFICE-5 | 382 sqft (35.49 sqm) | ₹40.83 Lakh |
| Ground/Floor 0 | SHOP-10 | 500 sqft (46.43 sqm) | ₹88.52 Lakh |
| Ground/Floor 0 | SHOP-5 | 390 sqft (36.25 sqm) | ₹69.11 Lakh |
| Ground/Floor 0 | SHOP-7 | 419 sqft (38.96 sqm) | ₹74.28 Lakh |
| Ground/Floor 0 | SHOP-9 | 577 sqft (53.62 sqm) | ₹1.02 Cr |
No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing — still confirm your specific unit's status in the agreement.
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+3 and 34 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Blue Ridge-The Promenade | 1 | G+3 | 34 | 31 Dec 2023 |
Unit mix on the filing: 34 non-residential (shops/offices).
1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC12401291 | 30/12/2024 | Dhanesh arun Bhagwat vs PARANJAPE SCHEMES (CONSTRUCTION) LTD | order passed |
The promoter has declared 3 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 | 9028/2017 | 2017 | Matter Is Kept For Pre Admission As Per Sitting List |
| Bombay High Court | 9029/2017 | 2017 | Matter Is Kept For Pre Admission As Per Sitting List |
| Bombay High Court | WPST/6443/2016 | 2016 | Matter Is Kept For Pre Admission As Per Sitting List |
The promoter has had the MahaRERA completion deadline formally extended 1 time. 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 |
|---|---|---|
| 31 Dec 2023 | 31 Dec 2030 | As per the attachment |
Located at Hinjawadi, Blue Ridge Approach Road, Pune City, Pune, 411057. Per the filed land record, the plot is bounded to the north by Utility Area MSEB, to the south by 18 Meter wide Road, to the east by 24 Meter wide D P Road and to the west by 24 Meter wide Road. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~1 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Hinjewadi Rajiv Gandhi IT Park | 1 km |
| Baner–Balewadi belt | 4 km |
| Pune Junction / city centre | 15 km |
| Pune Int'l Airport (Lohegaon) | 18 km |
| Magarpatta / Hadapsar IT | 20 km |
| Kharadi / EON IT Park | 20 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.
Should you buy in Blue Ridge-The Promenade?
This page is the free MahaRERA filing summary. The full RERA Property Intelligence Report gives you the full regulatory standing, declared court litigation, buyer-complaint and adjudication history, quarterly-progress-report discipline, the builder's MahaRERA-wide track record, the building/tower breakdown, and the sanctioned layout plan. See a real one first:
Sample: Lodha Kandivali – Tower 2 → · browse all sample reports →
Compliance Report · ₹999
The regulator’s filing record, read · 1 working day
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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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