EVEREST PHASE 2

Delivery & Registration

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.

• Current QPR default — the promoter has stopped filing the mandatory quarterly progress report (FY 2025-2026).

Construction Progress

MahaRERA's cost filing puts construction at ~25.0% of the estimated project cost incurred as of the last certificate (₹2.81 Cr spent against a ₹11.22 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. With only ~10 months to the declared date and ~25.0% of the cost incurred, ask the promoter how the balance gets built in the time left.

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 35 homes filed with MahaRERA, 4 are sold/booked and 31 remain available (~11% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹1.20 Cr in agreement value so far. Of that, ₹59.05 Lakh (~49%) is already collected, ₹60.95 Lakh receivable — a read on how far along these sales really are. Note: the project registers 62 homes in total, but this sold/unsold inventory filing covers only 35 of them — the other 27 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.

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:

⚠ The inventory filing also declares: 27 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+6 and 62 homes are registered across the project.

Unit mix on the filing: 50 residential and 12 non-residential (shops/offices).

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Location, Land & Connectivity

Located at VADGAON MAVAL, NERA TALEGAON CHAKAN RD, Mawal, Pune, 412106. Per the filed land record, the plot is bounded to the north by PLOT NO 38, to the south by PLOT NO 34, to the east by 9 MTR RD and to the west by PLOT NO 39. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~18 km away — a real but liveable commute to the nearest job hub — factor peak-hour traffic.

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.

Builder track record

J P Construction 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 RERA-registered projects in Vadgaon Maval

Major developers building in Vadgaon Maval

Other RERA-registered projects in Pune

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.