MahaRERA Property Intelligence · Pune

Kasturi Flora

P52100012898 · promoter Neel Construction

Certificate SignedDue 31 Dec 2025

Delivery & Registration

MahaRERA registrationP52100012898
Registered on07 Sep 2017
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, Neel Construction is the promoter of record on 160 projects, of which 8 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 32 homes filed with MahaRERA, 29 are sold/booked and 3 remain available (~91% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹7.76 Cr in agreement value so far. Of that, ₹7.62 Cr (~98%) is already collected, ₹14.22 Lakh receivable — a read on how far along these sales really are. Note: the project registers 57 homes in total, but this sold/unsold inventory filing covers only 32 of them — the other 25 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 29 registered agreements, the effective carpet rate is ₹5,773/sqft (typical range ₹5,016–₹11,365) — 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 3302413 sqft (38.4 sqm)₹11.99 Lakh
Floor 4403580 sqft (53.88 sqm)₹16.82 Lakh
Floor 5508413 sqft (38.4 sqm)₹11.99 Lakh

⚠ The inventory filing also declares: 25 owner/investor-held. 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 57 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Building-11G+657-

Unit mix on the filing: 45 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.

Deadline Extensions

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
31 Dec 202531 Dec 2025We are all aware of the ongoing outbreak of the Coronavirus 2019 (COVID-19), which was recently declared a pandemic by the World Health Organization and the President and Governor
31 Dec 202529 Jun 2022DUE TO DELAY IN OBTAINING PERMISSIONS AND LOCKDOWN IMPOSED DUE TO COVID THE PROJECT WAS UNABLE TO GET COMPLETED ON TIME HOWEVER WE SHALL COMPLETE THE PROJECT BY THE NEW COMPLETION
31 Dec 202530 Dec 2020We didn’t get sanction for access road to the same project, as the road is already approved, so we have stopped developing the project . Now as we have sanction for the road as wel

Location, Land & Connectivity

Located at G AT NO.904/2 t Pimpri Chinchawad (M Corp.), Haveli, Pune, 412114, Haveli, Pune, 412114. Per the filed land record, the plot is bounded to the north by PCMC Road, to the south by Mr Pawar Property, to the east by Mr Sambhaji More Property and to the west by Mr Sandeep More Property. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~105 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 Park105 km
Baner–Balewadi belt110 km
Pune Junction / city centre120 km
Pune Int'l Airport (Lohegaon)120 km
Kharadi / EON IT Park124 km
Magarpatta / Hadapsar IT125 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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Kasturi Premium Phase 1 Wing A AND B
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Kasturi Pride
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Kasturi Ventila
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Kate Central
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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