MahaRERA Property Intelligence · Pune

DWARKA PROJECT2

P52100000168 · CHAKAN · promoter Naiknavarehousingdevelopementspvtltd

Certificate SignedDue 31 Dec 2027

Delivery & Registration

MahaRERA registrationP52100000168
Registered on07 Jul 2017
Promoter-declared completion31 Dec 2027
Current statusCertificate Signed
Against today17 months to the declared date

Regulatory Standing

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.

Builder Track Record

Across MahaRERA, Naiknavarehousingdevelopementspvtltd is the promoter of record on 3 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.

Construction Progress

MahaRERA's cost filing puts construction at ~71.6% of the estimated project cost incurred as of the last certificate (₹20.82 Cr spent against a ₹29.09 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.

Sales & Inventory

Of 192 homes filed with MahaRERA, 161 are sold/booked and 31 remain available (~84% sold) — selling steadily. Buyers have committed ₹46.71 Cr in agreement value so far. Of that, ₹39.11 Cr (~84%) is already collected, ₹7.59 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 161 registered agreements, the effective carpet rate is ₹4,699/sqft (typical range ₹3,919–₹5,343) — 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:

FloorUnitCarpetReckoner value
Floor 1C20-2633 sqft (58.82 sqm)₹18.61 Lakh
Floor 1C21-1633 sqft (58.82 sqm)₹18.61 Lakh
Floor 1C21-2633 sqft (58.82 sqm)₹18.61 Lakh
Floor 10C20-38633 sqft (58.82 sqm)₹18.61 Lakh
Floor 10C21-37633 sqft (58.82 sqm)₹18.61 Lakh
Floor 10C21-38633 sqft (58.82 sqm)₹18.61 Lakh
Floor 11C20-42633 sqft (58.82 sqm)₹18.61 Lakh
Floor 11C20-44633 sqft (58.82 sqm)₹18.61 Lakh
Floor 11C21-42633 sqft (58.82 sqm)₹18.61 Lakh
Floor 12C20-45633 sqft (58.82 sqm)₹18.61 Lakh
Floor 12C20-46633 sqft (58.82 sqm)₹18.61 Lakh
Floor 12C20-47633 sqft (58.82 sqm)₹18.61 Lakh
Floor 12C20-48633 sqft (58.82 sqm)₹18.61 Lakh
Floor 12C21-45633 sqft (58.82 sqm)₹18.61 Lakh
Floor 12C21-46633 sqft (58.82 sqm)₹18.61 Lakh
Floor 2C21-5633 sqft (58.82 sqm)₹18.61 Lakh
Floor 2C21-6633 sqft (58.82 sqm)₹18.61 Lakh
Floor 3C21-10633 sqft (58.82 sqm)₹18.61 Lakh
Floor 4C21-13633 sqft (58.82 sqm)₹18.61 Lakh
Floor 5C21-17633 sqft (58.82 sqm)₹18.61 Lakh
Floor 5C21-19633 sqft (58.82 sqm)₹18.61 Lakh
Floor 6C21-21633 sqft (58.82 sqm)₹18.61 Lakh
Floor 6C21-22633 sqft (58.82 sqm)₹18.61 Lakh
Floor 6C22-23633 sqft (58.82 sqm)₹18.61 Lakh
Floor 7C21-25633 sqft (58.82 sqm)₹18.61 Lakh
Floor 7C22-28633 sqft (58.82 sqm)₹18.61 Lakh
Floor 8C19-29481 sqft (44.71 sqm)₹14.15 Lakh
Floor 8C21-29380 sqft (35.3 sqm)₹11.17 Lakh
Floor 9C20-34633 sqft (58.82 sqm)₹18.61 Lakh
Floor 9C21-33633 sqft (58.82 sqm)₹18.61 Lakh
Floor 9C21-34633 sqft (58.82 sqm)₹18.61 Lakh

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.

Buildings & Wings

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+12 and 192 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
C191G+1248-
C201G+1248-
C211G+1248-
C221G+1248-

Unit mix on the filing: 192 residential.

Complaints & Orders

16 complaints are on the MahaRERA record for this project, with orders passed in 16. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00500000001105404/03/2018Vikas Pandit Kirange vs Naiknavare Housing Developments Pvt. Ltd.order passed
CC00500000001050204/11/2017Ashutosh Sadanand Karmarkar vs RANJIT NAIKNAVARE-NAIKNAVARE HOUSING DEVELOPMENTS PVT LTDorder passed
CC00500000005411205/03/2020ASHUTOSH SADANAND KARMARKAR vs NAIKNAVARE HOUSING DEVELOPMENT PVT LTDorder passed
CC00500000001106828/02/2018Bhushan Kulkarni vs Hemant Naiknavareorder passed
CC00500000006459707/09/2020Bhushan Vijay Kulkarni vs Naiknavare Housing Developers Pvt. Ltd.order passed
CC00500000006429808/12/2020Lokesh Kirange vs Naiknavare Builders Pvt. Ltd.order passed
CC00500000009571223/06/2021Mr. Animesh Singh Patel & Mrs. Meenakshi Bajwa vs Naiknavare Housing Development Private Limited Through Mr. Hemant Naiknavare & Mr. Ranjit Naiknavareorder passed
CC00500000005409610/03/2020Shailendra Shrivastava vs Ranjit Naiknavareorder passed
CC00500000005418123/03/2020Ashvini Pendse, Milind Pendse vs Naiknavare Developersorder passed
CC00500000006458705/09/2020Sachin Suresh Chaskar vs Naiknavare Housing Development Pvt Ltdorder passed
CC00500000025906929/07/2023Cebin Kochery Varghese vs Naiknavare Developers Private Limitedorder passed
CC00500000010676028/04/2022Pratibha Mahesh Swar vs HEMANT DATTAJI NAIKNAVAREorder passed
CC00500000015724229/06/2022SUNIL KAMAT vs NAIKNAVARE HOUSING DEVELOPMENT PVT LTDorder passed
CC00500000022834305/04/2023Pankaj Praveen Harkare vs NAIKNAVARE HOUSING DEVELOPMENT PVT LTDorder passed
CC00500000023864608/04/2023SNEHAL VIBHUTE vs NAIKWARE HOUSING DEVELOPMENT PVT LTDorder passed
CC00500000025881211/05/2023SHRIKANT SHRIPAD TONGAONKAR vs NAIKWARE HOUSING DEVELOPMENT PVT LTDorder passed

Legal & Litigation

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.

CourtCase no.YearStatus
District Court Pune1372013Closed
Cjjd PuneR DARKHAST NO 6112012Closed
High Court Bombay31652016Closed

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 4 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 202530 Dec 20201. It is experienced by the Promoter that there are number of challenges such as availing finance, slowdown in market in implementing and completing the Real Estate Projects. Since
30 Dec 202530 Jun 2022We have registered our Project DWARKA PROJECT 2 – P52100000168 under RERA. The completion date for the project is 30 TH JUNE 2021. But considering the COVID-19 situation, we are un
30 Dec 202530 Dec 2025Date : 12.12.2023 To MahaRERA MUMBAI Subject : Application for the extension of “Dwarka” Project – 2 with reason P52100000168 in RERA Dear Sir, We Have registered our
31 Dec 201931 Dec 2027Date: 19/09/2025 To, MahaRERA, Mumbai Subject: Application for Extension of Registration under Section 7(3) of the Real Estate (Regulation and Development) Act, 2016 – Dwarka Proj

Location, Land & Connectivity

Located at CHAKAN, CHAKAN, Pune City, Pune, 410501. Per the filed land record, the plot is bounded to the north by OPEN SPACE AND BLDG NO C18, to the south by FOREST GARDEN, to the east by PORTION UNDER SEC 2C AND SEC 3A and to the west by 12 M WIDE INT ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~21 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Hinjewadi Rajiv Gandhi IT Park21 km
Baner–Balewadi belt24 km
Pune Int'l Airport (Lohegaon)24 km
Pune Junction / city centre28 km
Kharadi / EON IT Park28 km
Magarpatta / Hadapsar IT31 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.

Unlock in the ₹999 report →

🔒 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.

Unlock in the ₹2,999 report →

🔒 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.

Unlock in the ₹999 report →

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Builder track record

Naiknavarehousingdevelopementspvtltd is the promoter on 3 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).

Other flagged projects by Naiknavarehousingdevelopementspvtltd

Naiknavarehousingdevelopementspvtltd
FlaggedPune
Naiknavarehousingdevelopementspvtltd
FlaggedPune

Other RERA-registered projects in Chakan

Vallabh Heights
possession by Sep 2026 · G R Developers
Shree Samarth Shrushti
possession by Sep 2026 · Jagdamba Developers
Swapnapurti Heights
Not filing quarterly progress reports · possession by Oct 2026 · B R Developers
Richmond
possession by Oct 2026 · Coral Shubh Builders
Mungase Towers
possession by Dec 2026 · Mr Santosh Vasudev Mungase
Chakan High Street
possession by Dec 2026 · Chakan Business HUB LLP

Major developers building in Chakan

Other RERA-registered projects in Pune

Dwarka Project3
declared completion Jun 2026 · Naiknavarehousingdevelopementspvtltd
Dwarka Residency Wing-A
declared completion Jun 2019 · Shri Pandurang Maruti Kachare
Dwarka SAI
declared completion Jan 2021 · G K Fortune
Dwarka Sai Paramount New Phase
declared completion Dec 2021 · Haresh Premchand Chandwani
Dwarka SAI Phase 2
declared completion Jun 2023 · G K Fortune
Dwarka SAI Wonder Phase 2 G Wing
declared completion Jun 2023 · Vinod Premchand Chandwani

What to verify before you book

  1. Confirm the MahaRERA registration is live and read the project page on the MahaRERA portal for the sanctioned plan, approvals and the promoter's quarterly progress reports.
  2. Check the declared completion date against actual site progress — registration is not the same as a delivered, occupancy-certified building.
  3. Verify the exact carpet area, floor and unit number in your agreement match the sanctioned plan (not the brochure's saleable area).
  4. Confirm the title, the 7/12 land extract and that your payments go to the project's designated RERA escrow account.

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