Magnova Realty
MahaRERA Property Intelligence · Pune
P52100004968 · BHUMKAR CHOWK · promoter Magnova Realty
| MahaRERA registration | P52100004968 |
| Registered on | 09 Aug 2017 |
| Promoter-declared completion | 30 Dec 2021 |
| Current status | Certificate Signed |
| Against today | about 55 months past 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.
Across MahaRERA, Magnova Realty 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.
Of 44 homes filed with MahaRERA, 43 are sold/booked and 1 remain available (~98% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹23.41 Cr in agreement value so far. Of that, ₹21.09 Cr (~90%) is already collected, ₹2.32 Cr receivable — a read on how far along these sales really are. Note: the project registers 56 homes in total, but this sold/unsold inventory filing covers only 44 of them — the other 12 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 43 registered agreements, the effective carpet rate is ₹9,790/sqft (typical range ₹9,175–₹10,642) — 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:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Ground/Floor 0 | Shop No. 1 | 2,036 sqft (189.13 sqm) | ₹86.87 Lakh |
⚠ The inventory filing also declares: 12 reserved. 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+11 and 56 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| B | 1 | G+11 | 43 | 31 Dec 2020 |
| MHADA BUILDING | 1 | G+5 | 12 | - |
| COMMERCIAL | 1 | G+1 | 1 | - |
Unit mix on the filing: 55 residential and 1 non-residential (shops/offices).
4 complaints are on the MahaRERA record for this project, with orders passed in 4. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC005000000064862 | 27/01/2021 | Preeti Srivastava vs M/S Magnova Realty | order passed |
| CC005000000064633 | 20/09/2020 | Rachna Thakur vs Kiran Arun Bhumkar | order passed |
| CC005000000064901 | 06/12/2020 | Prasad Raosaheb Pallewad vs KIRAN ARUN BHUMKAR | order passed |
| CC005000000095966 | 11/09/2021 | Mahesh Dnyaneshwar Chinchwade vs Magonva Reality | order passed |
Located at BHUMKAR CHOWK, HINJEWADI-MARUNJI ROAD, Mulshi, Pune, 411057. Per the filed land record, the plot is bounded to the north by S NO 114 P, to the south by S NO 114 P, to the east by S NO 114 P and to the west by PCMC D P ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~2 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Hinjewadi Rajiv Gandhi IT Park | 2 km |
| Baner–Balewadi belt | 6 km |
| Pune Junction / city centre | 16 km |
| Pune Int'l Airport (Lohegaon) | 19 km |
| Kharadi / EON IT Park | 21 km |
| Magarpatta / Hadapsar IT | 21 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 MAGNOVA MANOR PHASE 2?
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
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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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.
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Magnova Realty 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).
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