Adinath Shrushti
MahaRERA Property Intelligence · Pune
P52100052761 · Shikrapur · promoter Subhaj Construction And
| MahaRERA registration | P52100052761 |
| Registered on | 22 Sep 2023 |
| Promoter-declared completion | 31 Oct 2028 |
| Current status | Certificate Signed |
| Against today | 27 months to 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.
MahaRERA's cost filing puts construction at ~36.0% of the estimated project cost incurred as of the last certificate (₹3.52 Cr spent against a ₹9.76 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 51 homes filed with MahaRERA, 7 are sold/booked and 44 remain available (~14% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹1.22 Cr in agreement value so far. Of that, ₹71.48 Lakh (~59%) is already collected, ₹50.52 Lakh receivable — a read on how far along these sales really are. Note: the project registers 75 homes in total, but this sold/unsold inventory filing covers only 51 of them — the other 24 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 7 registered agreements, the effective carpet rate is ₹5,211/sqft (typical range ₹4,702–₹6,155) — 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: 24 owner/investor-held. 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+5 and 75 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| BLDG B-01 | 1 | G+5 | 19 | 31 Mar 2026 |
| BLDG B-02 | 1 | G+5 | 16 | 31 Mar 2026 |
| BLDG D-08 | 1 | G+5 | 40 | 31 Mar 2026 |
Unit mix on the filing: 68 residential and 7 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 1 time. 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 |
|---|---|---|
| 31 Mar 2026 | 31 Oct 2028 | The project is located in a remote area and, due to limited market demand and absence of sales, has faced severe cash flow constraints, thereby affecting its progress as originally |
Located at Shikrapur, Shikrapur, Haveli, Pune, 412208. Per the filed land record, the plot is bounded to the north by Gat No 1771 Gat No 1772 Gat No 1774, to the south by Nala, to the east by Gat No 1281 and to the west by Nala. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~26 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Kharadi / EON IT Park | 26 km |
| Pune Int'l Airport (Lohegaon) | 26 km |
| Magarpatta / Hadapsar IT | 29 km |
| Pune Junction / city centre | 33 km |
| Baner–Balewadi belt | 41 km |
| Hinjewadi Rajiv Gandhi IT Park | 43 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 GARDEN CITY?
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
Scan with any UPI app to pay · quietlist@kotak
Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
Not useful to your decision? Full refund — no questions asked.
Scan with any UPI app to pay · quietlist@kotak
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.
Free · Watch this project
We'll email you when this project's RERA record changes.
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