Mangaldeep Associates
MahaRERA Property Intelligence · Pune
P52100019991 · Pimple saudagar · promoter Mangaldeep Associates
| MahaRERA registration | P52100019991 |
| Registered on | 15 Mar 2019 |
| Promoter-declared completion | 29 Dec 2025 |
| Current status | Certificate Signed |
| Against today | about 7 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, Mangaldeep Associates is the promoter of record on 14 projects, of which 4 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.
MahaRERA's cost filing puts construction at ~43.3% of the estimated project cost incurred as of the last certificate (₹27.51 Cr spent against a ₹63.50 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. The declared completion date has already passed while the cost-incurred filing sits at ~43.3% — a wide gap between the promise and the money actually spent on site.
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 53 homes filed with MahaRERA, 40 are sold/booked and 13 remain available (~75% sold) — selling steadily. Buyers have committed ₹47.07 Cr in agreement value so far. Of that, ₹37.62 Cr (~80%) is already collected, ₹9.45 Cr receivable — a read on how far along these sales really are. Note: the project registers 102 homes in total, but this sold/unsold inventory filing covers only 53 of them — the other 49 aren't in the ledger yet. Ask the builder what they are (an unreleased phase, held-back stock, or non-saleable/car-park units) before reading too much into the percentage. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.
What buyers actually paid: across 40 registered agreements, the effective carpet rate is ₹9,954/sqft (typical range ₹7,922–₹15,424) — 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 | Office 134 | 338 sqft (31.4 sqm) | ₹28.26 Lakh |
| Floor 1 | Office 135 | 338 sqft (31.4 sqm) | ₹28.26 Lakh |
| Floor 1 | Office 140 | 263 sqft (24.4 sqm) | ₹21.96 Lakh |
| Floor 1 | Office 141 | 263 sqft (24.4 sqm) | ₹21.96 Lakh |
| Floor 2 | Office 219 | 373 sqft (34.67 sqm) | ₹31.20 Lakh |
| Floor 2 | Office 221 | 373 sqft (34.67 sqm) | ₹31.20 Lakh |
| Floor 2 | Office 233 | 263 sqft (24.4 sqm) | ₹21.96 Lakh |
| Floor 3 | Multipurpose Hall 2A | 2,939 sqft (273 sqm) | ₹2.46 Cr |
| Floor 3 | Restaurant 302 | 2,583 sqft (240 sqm) | ₹2.16 Cr |
| Floor 5 | Restaurant 3 | 3,117 sqft (289.55 sqm) | ₹2.61 Cr |
| Floor 6 | Office-601 | 2,469 sqft (229.39 sqm) | ₹2.06 Cr |
| Floor 6 | Office-601A | 474 sqft (44.08 sqm) | ₹39.67 Lakh |
| Floor 6 | Office-602 | 513 sqft (47.66 sqm) | ₹42.89 Lakh |
⚠ The inventory filing also declares: 49 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+8 and 102 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Commercial Building | 1 | G+8 | 102 | - |
Unit mix on the filing: 102 non-residential (shops/offices).
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 had the MahaRERA completion deadline formally extended 2 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 |
|---|---|---|
| 30 Dec 2023 | 29 Dec 2024 | Respected Sir, We have registered our project “Blue Sapphire Business Park” as on 30th December 2023. At the time of registration we had given expected date of project completion |
| 30 Dec 2023 | 29 Dec 2025 | At the time of registration we had given expected date of project completion as 30th December 2024. However we won’t be able to obtain completion certificate till that date due to |
Located at Pimple saudagar, Pimple Saudagar, Haveli, Pune, 411027. Per the filed land record, the plot is bounded to the north by By 45M Road, to the south by By Property of GK Developers, to the east by By Property of Yashda Developers and to the west by ByProperty developed by name Hi-Face. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~5 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Baner–Balewadi belt | 5 km |
| Hinjewadi Rajiv Gandhi IT Park | 7 km |
| Pune Junction / city centre | 11 km |
| Pune Int'l Airport (Lohegaon) | 13 km |
| Kharadi / EON IT Park | 16 km |
| Magarpatta / Hadapsar IT | 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.
Should you buy in Blue Sapphire Business Park?
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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Mangaldeep Associates is the promoter on 2 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).
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