MahaRERA Property Intelligence · Pune

Marvel Castella A And B Building

P52100002438 · Balewadi · promoter Marvel Sigma Homes

Certificate SignedDue 30 Jun 2022

Delivery & Registration

MahaRERA registrationP52100002438
Registered on01 Aug 2017
Promoter-declared completion30 Jun 2022
Current statusCertificate Signed
Against todayabout 49 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, Marvel Sigma Homes is the promoter of record on 54 projects, of which 32 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 ~117.1% of the estimated project cost incurred as of the last certificate (₹16.53 Cr spent against a ₹14.12 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 31 homes filed with MahaRERA, 0 are sold/booked and 31 remain available (~0% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

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 11011,302 sqft (121 sqm)-
Floor 11011,292 sqft (120 sqm)-
Floor 11021,302 sqft (121 sqm)-
Floor 11021,292 sqft (120 sqm)-
Floor 1010011,302 sqft (121 sqm)-
Floor 1010021,302 sqft (121 sqm)-
Floor 1111011,302 sqft (121 sqm)-
Floor 22011,302 sqft (121 sqm)-
Floor 22011,292 sqft (120 sqm)-
Floor 22021,302 sqft (121 sqm)-
Floor 22021,292 sqft (120 sqm)-
Floor 33011,302 sqft (121 sqm)-
Floor 33011,292 sqft (120 sqm)-
Floor 33021,302 sqft (121 sqm)-
Floor 33021,292 sqft (120 sqm)-
Floor 44011,302 sqft (121 sqm)-
Floor 44011,292 sqft (120 sqm)-
Floor 44021,302 sqft (121 sqm)-
Floor 44021,292 sqft (120 sqm)-
Floor 55011,302 sqft (121 sqm)-
Floor 55011,367 sqft (127 sqm)-
Floor 55021,302 sqft (121 sqm)-
Floor 55021,367 sqft (127 sqm)-
Floor 66011,302 sqft (121 sqm)-
Floor 66021,302 sqft (121 sqm)-
Floor 77011,302 sqft (121 sqm)-
Floor 77021,302 sqft (121 sqm)-
Floor 88011,302 sqft (121 sqm)-
Floor 88021,302 sqft (121 sqm)-
Floor 99011,302 sqft (121 sqm)-
Floor 99021,302 sqft (121 sqm)-

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+14 and 31 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A1G+1421-
B1G+610-

Unit mix on the filing: 31 residential.

Complaints & Orders

6 complaints are on the MahaRERA record for this project, with orders passed in 6. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00500000000024527/10/2017Vishal Sharad Harkare vs Marvel Sigma Homes Private Limitedorder passed
CC00500000001061301/12/2017RAJANIGANDHA V MUTALIK vs MARVEL SIGMA HOMES PVT LTDorder passed
CC00500000001095707/02/2018Mallappa Birajdar vs MARVEL SIGMA HOMES PRIVATE LIMITEDorder passed
CC00500000001162911/06/2018Mallikarjun vs Mr Karthikorder passed
CC00500000002223715/11/2018MR AMAR AVINASH KAMAT vs Marvel Sigma Homes Private Limitedorder passed
CC00500000002239528/12/2018PRAGYA SHARMA AND ANKUSH NEMA THROUGH POA SHYAMSUNDER SHARMA vs M/s Marvel Sigma Homes Pvt Ltdorder passed

Location, Land & Connectivity

Located at Balewadi, Balewadi Road, Pune City, Pune, 411045. Per the filed land record, the plot is bounded to the north by PLOT BOUNDARY, to the south by OPEN SPACE, to the east by PLOT BOUNDARY and to the west by PLOT BOUNDARY. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~3 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Baner–Balewadi belt3 km
Hinjewadi Rajiv Gandhi IT Park3 km
Pune Junction / city centre13 km
Pune Int'l Airport (Lohegaon)16 km
Magarpatta / Hadapsar IT18 km
Kharadi / EON IT Park19 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

Marvel Sigma Homes Private Limited is the promoter on 12 MahaRERA-registered projects, of which 12 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:

See every Marvel Sigma Homes Private Limited project & its RERA track record →

Other flagged projects by Marvel Sigma Homes Private Limited

Marvel Sigma Homes Private Limited
Developer in insolvency (NCLT)Pune
Marvel Sigma Homes Private Limited
Developer in insolvency (NCLT)Pune
Marvel Sigma Homes Private Limited
Developer in insolvency (NCLT)Pune
Marvel Sigma Homes Private Limited
Developer in insolvency (NCLT)Pune
Marvel Sigma Homes Private Limited
Developer in insolvency (NCLT)Pune
Marvel Sigma Homes Private Limited
Developer in insolvency (NCLT)Pune

Other RERA-registered projects in Baner

7 Business BAY
possession by Jul 2026 · Saaj Buildcon Private Limited
Maitreya
Not filing quarterly progress reports · possession by Jul 2026 · Vaibhav Shamrao Taro
Mercury
possession by Aug 2026 · SB Real Estate Private Limited
Aarambh
possession by Aug 2026 · ADI Realtors
Nancy Hillview A-1
possession by Aug 2026 · M/S Sarsan Aawishkar Properties
Truspace Platina
possession by Aug 2026 · Atharva Developments

Major developers building in Baner

Other RERA-registered projects in Pune

Marvel Cerise Bldg-A
declared completion Dec 2017 · Marvel Realtors AND Developers LTD
Marvel Cerise Bldg B, C, D
declared completion Sep 2019 · Marvel Realtors AND Developers LTD
Marvel Citrine A Building
declared completion Dec 2017 · Marvel Realtors AND Developers LTD
Marvel Diva Ultima
declared completion Aug 2024 · Marvel Realtors
Marvel Empire
declared completion Jun 2024 · Success Land Developers
Marvel Fria P1, P2, P3 Building
declared completion Dec 2024 · PAX Homes LLP

What to verify (NCLT insolvency)

  1. Check the IRP/Resolution Professional's name on the NCLT cause list and contact them for a project status update.
  2. Verify whether a Resolution Plan has been approved — the IRP's report is filed with NCLT and is public.
  3. Look for a homebuyers' association for this project — allottee groups have legal standing in insolvency proceedings.
  4. Consult a RERA or IBC advocate about your rights under Section 7 IBC or Section 18 RERA for possession or refund.

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