Krishna Ramesh Velora

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.

• Filing progress reports — 2 quarterly progress reports on record since registration, with no current default.

Construction Progress

MahaRERA's cost filing puts construction at ~3.5% of the estimated project cost incurred as of the last certificate (₹51.57 Lakh spent against a ₹14.67 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.

Sales & Inventory

Of 35 homes filed with MahaRERA, 5 are sold/booked and 30 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 ₹2.05 Cr in agreement value so far. Of that, ₹69.12 Lakh (~34%) is already collected, ₹1.36 Cr receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

What buyers actually paid: across 5 registered agreements, the effective carpet rate is ₹8,707/sqft (typical range ₹8,389–₹9,750) — 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:

⚠ The inventory filing also declares: 19 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+2.

Unit mix on the filing: 46 residential and 8 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 Hadapsar-EXT, Village- Hadapsar, Survey No. 63, Hissa No. 2B/2E/2, Pune City, Pune, 411028. Per the filed land record, the plot is bounded to the north by Rehamani College, to the south by land belonging to Geetika Motors , to the east by Hadapsar –Handewadi Road and to the west by land belonging to Mr. Dahiwalkar. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~5 km away — a manageable everyday commute to a major job hub.

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

Siddhivinayak Developers is the promoter on 11 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:

• Star Shadow — Past its declared completion date
• Harshada Heights — Past its declared completion date

See every Siddhivinayak Developers project & its RERA track record →

Other flagged projects by Siddhivinayak Developers

Other RERA-registered projects in Hadapsar

Major developers building in Hadapsar

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.