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MahaRERA Property Intelligence · Pune
P52100009324 · Nigdi · promoter Arihant Vastushilp Propcon
| MahaRERA registration | P52100009324 |
| Registered on | 22 Aug 2017 |
| Promoter-declared completion | 30 Sep 2024 |
| Current status | Certificate Signed |
| Against today | about 22 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, Arihant Vastushilp Propcon is the promoter of record on 23 projects, of which 1 carries 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 ~94.9% of the estimated project cost incurred as of the last certificate (₹23.22 Cr spent against a ₹24.48 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 48 homes filed with MahaRERA, 48 are sold/booked and 0 remain available (~100% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹26.11 Cr in agreement value so far. Of that, ₹26.11 Cr (~100%) is already collected, ₹0 receivable — a read on how far along these sales really are. Note: the project registers 63 homes in total, but this sold/unsold inventory filing covers only 48 of them — the other 15 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 48 registered agreements, the effective carpet rate is ₹6,564/sqft (typical range ₹5,772–₹8,807) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
⚠ The inventory filing also declares: 15 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 63 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| ELEGANT RESIDENCY PHASE II | 1 | G+8 | 63 | 31 Mar 2020 |
Unit mix on the filing: 63 residential.
2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC005000000471180 | 26/06/2024 | Ravi Banwarilal Dhandhania vs Arihant Vastushlip Propcon Pvt Ltd. | order passed |
| CC12400089 | 13/09/2024 | Kiran Jaykumar Jadhav vs ARIHANT VASTUSHILP PROPCON PRIVATE LIMITED | order passed |
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 |
|---|---|---|
| 30 Sep 2024 | 31 Mar 2024 | Construction and development work is completed . However we have some inventory to be sold. We need further time to complete the sales, form an Association of Allottess , Handover |
| 30 Sep 2024 | 31 Mar 2020 | revised plan for 3 upper floors in process |
| 30 Sep 2024 | 31 Mar 2020 | The said project is 90% complete. Only installation of Lift and construction of Club house remains pending due to severe heart attack suffered by the Director Mr. Vishal Bandewar, |
Located at Nigdi, Old Mumbai Pune Highway, Haveli, Pune, 411044. Per the filed land record, the plot is bounded to the north by NALA, to the south by 9 MTR WIDE DP ROAD, to the east by SNO 3 HISSA NO 4 and to the west by SNO 3 HISS NO 2. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~9 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Hinjewadi Rajiv Gandhi IT Park | 9 km |
| Baner–Balewadi belt | 12 km |
| Pune Int'l Airport (Lohegaon) | 18 km |
| Pune Junction / city centre | 18 km |
| Kharadi / EON IT Park | 21 km |
| Magarpatta / Hadapsar IT | 23 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 ELEGANT RESIDENCY PHASE II?
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