MahaRERA Property Intelligence · Pune

FESTIVE RESIDENCY

P52100016432 · TALUKA MULASHI · promoter Samruddhi Developers

Certificate SignedDue 31 Dec 2025

Delivery & Registration

MahaRERA registrationP52100016432
Registered on10 May 2018
Promoter-declared completion31 Dec 2025
Current statusCertificate Signed
Against todayabout 7 months past 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, Samruddhi Developers is the promoter of record on 94 projects, of which 14 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.

Sales & Inventory

Of 38 homes filed with MahaRERA, 31 are sold/booked (27 with registered agreements + 4 booked) and 7 remain available (~82% sold) — selling steadily. Buyers have committed ₹12.20 Cr in agreement value so far. Of that, ₹9.95 Cr (~81%) is already collected, ₹2.26 Cr receivable — a read on how far along these sales really are. Note: the project registers 76 homes in total, but this sold/unsold inventory filing covers only 38 of them — the other 38 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 31 registered agreements, the effective carpet rate is ₹10,068/sqft (typical range ₹9,658–₹13,011) — 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 1C 101321 sqft (29.82 sqm)₹14.76 Lakh
Floor 1C 103321 sqft (29.82 sqm)₹14.76 Lakh
Floor 2C 201319 sqft (29.64 sqm)₹14.67 Lakh
Floor 2C 204319 sqft (29.64 sqm)₹14.67 Lakh
Floor 3C 302321 sqft (29.82 sqm)₹14.76 Lakh
Floor 4B-401246 sqft (22.85 sqm)₹11.31 Lakh
Floor 4C 401246 sqft (22.85 sqm)₹11.31 Lakh

⚠ The inventory filing also declares: 38 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+4 and 76 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A WING1G+416-
B WING1G+414-
C WING1G+416-
D WING1G+414-
E WING1G+416-

Unit mix on the filing: 76 residential.

Complaints & Orders

3 complaints are on the MahaRERA record for this project, with orders passed in 0. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC1240079516/11/2024Sohel Gulanam Patel vs SAMRUDDHI DEVELOPERSpending / no order on file
CC1240082720/11/2024Sagar prakashrao Umap vs SAMRUDDHI DEVELOPERSpending / no order on file
CC1250471631/12/2025Vijay Rajabhau Kharat vs SAMRUDDHI DEVELOPERSpending / no order on file

Deadline Extensions

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 Mar 202331 Dec 2025We are under process of completion of projects we need extension till 31st dec 2025
30 Mar 202329 Mar 2024WE ARE UNDER PROCESS OF GETTING OCCUPANCY CERTIFICATE. WE HAVE ALMOST COMPLETED OUR PROJECT. WE JUST NEED ONE YEAR EXTENSION .

Location, Land & Connectivity

Located at TALUKA MULASHI, VILLAGE WAKAD, Mumbai City, Mumbai City, 411057. Per the filed land record, the plot is bounded to the north by CTS NO 600P, to the south by CTS NO 683P, to the east by CTS NO 1143P and to the west by 9 MTR WIDE 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 ~6 km away — a manageable everyday commute to a major job hub.

LandmarkStraight-line
Baner–Balewadi belt6 km
Hinjewadi Rajiv Gandhi IT Park10 km
Pune Junction / city centre12 km
Magarpatta / Hadapsar IT17 km
Pune Int'l Airport (Lohegaon)19 km
Kharadi / EON IT Park20 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

Samruddhi Developers is the promoter on 16 MahaRERA-registered projects, of which 2 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:

See every Samruddhi Developers project & its RERA track record →

Other flagged projects by Samruddhi Developers

Samruddhi Developers
Not filing quarterly progress reportsPune

Other RERA-registered projects in Wakad

Fusion Towers Phase III
possession by Jul 2026 · Rama Synergy Spaces
ANP Bizsquare
possession by Jul 2026 · Five Star Vighnesh Associates
Olive Orchard
possession by Jul 2026 · Anandtara Properties
Fairmont
possession by Aug 2026 · Krishna Icon Skyscraper LLP
Varad Residency
possession by Sep 2026 · Vilas Bhagaji Arekar
ANP Memento
possession by Sep 2026 · Five Star Construction Company

Major developers building in Wakad

Other RERA-registered projects in Pune

Finix City
declared completion Dec 2018 · Sudarshan Krushi Adhar Pvt. Ltd.
Finix City
declared completion Oct 2022 · Kirtiraj Chandrakant Lakade
Finswell
declared completion Jul 2022 · LMS Realty
Fire Fly
declared completion Sep 2025 · Vishal Ashok Chugera
First City
declared completion Aug 2023 · Xrbia Developers Ltd
First Court 1,3 Valley View Court 1, Hilltop Street 126 LCL 0020
declared completion Dec 2021 · Lavasa Corporation Ltd

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