MahaRERA Property Intelligence · Pune

MAGNACITY - Tower A3

P52100052096 · Manjari · promoter Malnad Project (I)

Certificate SignedDue 31 May 2028

Delivery & Registration

MahaRERA registrationP52100052096
Registered on24 Jul 2023
Promoter-declared completion31 May 2028
Current statusCertificate Signed
Against today22 months to 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, Malnad Project (I) is the promoter of record on 2 projects, of which none currently 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 ~49.7% of the estimated project cost incurred as of the last certificate (₹100.85 Cr spent against a ₹202.75 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 480 homes filed with MahaRERA, 347 are sold/booked (299 with registered agreements + 48 booked) and 133 remain available (~72% sold) — selling steadily. Buyers have committed ₹235.81 Cr in agreement value so far. Of that, ₹153.63 Cr (~65%) is already collected, ₹82.18 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 347 registered agreements, the effective carpet rate is ₹8,666/sqft (typical range ₹8,291–₹9,361) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

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+32 and 480 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A3 - Wing A1G+32120-
A3 - Wing B1G+32120-
A3 - Wing C1G+32120-
A3 - Wing D1G+32120-

Unit mix on the filing: 480 residential.

Complaints & Orders

2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
SM1250024429/12/2025Ram Gawali vs Malnad Project (I) Pvt Ltdorder passed
SM1260006922/01/2026Ram Gawali vs Malnad Project (I) Pvt Ltdorder passed

Legal & Litigation

The promoter has declared 2 court cases on this project to MahaRERA. 1 is still pending. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.

CourtCase no.YearStatus
Civil Judge Senior Division Court2712017Pending
Civil Judge2712017Ongoing

Location, Land & Connectivity

Located at Manjari, Solapur Road, Pune City, Pune, 412307. Per the filed land record, the plot is bounded to the north by Adjoining Railway Line, to the south by Adjoining Survey No 57, to the east by Adjoining Survey no 50 and to the west by Adjoining Survey No 53B. 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.

LandmarkStraight-line
Magarpatta / Hadapsar IT5 km
Kharadi / EON IT Park8 km
Pune Junction / city centre10 km
Pune Int'l Airport (Lohegaon)11 km
Baner–Balewadi belt21 km
Hinjewadi Rajiv Gandhi IT Park26 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

Malnad Project Pvt Ltd is the promoter on 2 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

Other flagged projects by Malnad Project Pvt Ltd

Malnad Project Pvt Ltd
FlaggedPune

Other RERA-registered projects in Shewalewadi

Mango Tree Villa Phase 1
possession by Jul 2026 · Palchin Real Estates Private Limited
GRM Avighna Apartment
possession by Sep 2026 · GRM Buildcon
Anand Park
possession by Dec 2026 · Shweta Vikas Bire
Godrej Sky Greens Phase 1
possession by Dec 2026 · Manjari Housing Projects LLP
Godrej Sky Greens Phase 2
possession by Dec 2026 · Manjari Housing Projects LLP
Joyville Hadapsar Annexe Phase 16
possession by Dec 2026 · Joyville Shapoorji Housing Private Limit

Major developers building in Shewalewadi

Other RERA-registered projects in Pune

Magnam Park
declared completion Jun 2023 · Shri Bhairav Builders
Magnar ONE
possession by Dec 2030 · Ryse Landmarks LLP
Magnetic Home
possession by Dec 2026 · Rahul Balasaheb Taru
Magnolia Business Centre
declared completion Dec 2024 · Paranjape Schemes LTD
Magnova Manor Phase 1
declared completion Dec 2019 · Magnova Realty
Magnova Manor Phase 2
declared completion Dec 2021 · Magnova Realty

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