MahaRERA Property Intelligence · Pune

Laxmi Pride

P52100027806 · Survey No. 5/1, 5/2 · promoter Hulawale Properties

Certificate SignedDue 30 Jun 2025

Delivery & Registration

MahaRERA registrationP52100027806
Registered on04 Jan 2021
Promoter-declared completion30 Jun 2025
Current statusCertificate Signed
Against todayabout 13 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, Hulawale Properties is the promoter of record on 2 projects, of which 2 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.

Construction Progress

MahaRERA's cost filing puts construction at ~83.0% of the estimated project cost incurred as of the last certificate (₹2.39 Cr spent against a ₹2.88 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. The declared completion date has already passed while the cost-incurred filing sits at ~83.0% — a wide gap between the promise and the money actually spent on site.

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 24 homes filed with MahaRERA, 21 are sold/booked and 3 remain available (~88% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹6.41 Cr in agreement value so far. Of that, ₹6.38 Cr (~100%) is already collected, ₹2.85 Lakh 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 21 registered agreements, the effective carpet rate is ₹7,183/sqft (typical range ₹6,652–₹7,975) — 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 1A-101A449 sqft (41.71 sqm)₹24.67 Lakh
Floor 1A-102A446 sqft (41.43 sqm)₹24.46 Lakh
Floor 1A-104A449 sqft (41.71 sqm)₹24.57 Lakh

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing — still confirm your specific unit's status in the agreement.

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+3 and 24 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Laxmi Pride1G+32431 Dec 2021

Unit mix on the filing: 24 residential.

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 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 Jun 202230 Jun 2025We have been facing financial crunches due to lack of buyers in the market so we request you to extend our project completion due date up to 30/06/2025. We apologise for the same.
30 Jun 202230 Jun 2023Due to Force Majeure Situation in the form of Covid-19 as mentioned under Section-6 of RERA Act 2016

Location, Land & Connectivity

Located at Survey No. 5/1, 5/2, Hinjawadi Gavthan, Mulshi, Pune, 411057. Per the filed land record, the plot is bounded to the north by Property of Pandurang bhihu Sakhare, to the south by Property of Manohar Kisan Sakhare, to the east by Property of Bhaguji Kisan Sakhare and to the west by Government canal. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~1 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Hinjewadi Rajiv Gandhi IT Park1 km
Baner–Balewadi belt5 km
Pune Junction / city centre15 km
Pune Int'l Airport (Lohegaon)18 km
Magarpatta / Hadapsar IT21 km
Kharadi / EON IT Park21 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

M/S B J Hulawale Properties is the promoter on 2 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:

Other flagged projects by M/S B J Hulawale Properties

M/S B J Hulawale Properties
Past its declared completion datePune

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ANP Bizsquare
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Olive Orchard
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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

Laxmi Pujan Residency
declared completion Jan 2020 · Laxmi Pujan Developers
Laxmi Puram
possession by Sep 2027 · Not Available
Laxmi Residency
declared completion Sep 2023 · Nanda Manjule
Laxmi Shantiban
declared completion Oct 2019 · Laxmi Roperties
Laxmi Shrushti
possession by Mar 2028 · Shrushti Developers
Laxmi Vihar A And B Building
possession by Dec 2027 · V S Kalbhor AND Company

What to verify (QPR non-filer)

  1. Cross-check the developer's last QPR filing date on the MahaRERA portal — non-filing can indicate stalled construction.
  2. Visit the site (or request a third-party inspection report) to verify actual construction progress.
  3. If no QPR has been filed for more than two quarters, file a complaint with MahaRERA for non-disclosure.

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