MahaRERA Property Intelligence · Pune

Megapolis Saffron - Shops

P52100034988 · Rajiv Gandhi Infotech Park Phase 3 · promoter Pegasus

Certificate SignedDue 30 Dec 2024

Delivery & Registration

MahaRERA registrationP52100034988
Registered on28 Apr 2022
Promoter-declared completion30 Dec 2024
Current statusCertificate Signed
Against todayabout 19 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, Pegasus is the promoter of record on 17 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.

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+0.

BuildingWingsFloorsDeclared completion
A31G+031 Dec 2023
A41G+031 Dec 2023
A51G+031 Dec 2023
A61G+031 Dec 2023
A71G+031 Dec 2023
A81G+031 Dec 2023

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Legal & Litigation

The promoter has declared 1 court case 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 Pune6912022Pending

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 1 time. 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
31 Dec 202330 Dec 2024We are not able to complete our project as planned due to Slowdown of construction activity due to lockdowns imposed to control COVID 19 outbreak and very slow recovery thereafter.

Location, Land & Connectivity

Located at Rajiv Gandhi Infotech Park Phase 3, MIDC Road, Pune City, Pune, 411057. Per the filed land record, the plot is bounded to the north by MIDC 45M Road, to the south by MIDC Boundary, to the east by MIDC Boundary and 60M Road and to the west by MIDC Road and HSR. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~6 km away — a manageable everyday commute to a major job hub.

LandmarkStraight-line
Hinjewadi Rajiv Gandhi IT Park6 km
Baner–Balewadi belt10 km
Pune Junction / city centre20 km
Pune Int'l Airport (Lohegaon)24 km
Magarpatta / Hadapsar IT26 km
Kharadi / EON IT Park27 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

Pegasus Properties Pvt. Ltd. is the promoter on 17 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:

See every Pegasus Properties Pvt. Ltd. project & its RERA track record →

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Major developers building in Wakad

Other RERA-registered projects in Pune

Megapolis Serenity A1 To A7, B1 And Conv Shop A
declared completion Dec 2025 · Pegasus Properties Pvt. Ltd.
Megapolis Serenity A8 To A12, B2 And Conv Shop B
declared completion Dec 2025 · Pegasus Properties Pvt. Ltd.
Megapolis Shimmer - A1
possession by Mar 2029 · Pegasus Properties Pvt. Ltd.
Megapolis Springs - A
declared completion Mar 2023 · Pegasus Properties Pvt. Ltd.
Megapolis Springs - B And F
declared completion Mar 2023 · Pegasus Properties Pvt. Ltd.
Megapolis Springs - C
declared completion May 2022 · Pegasus Properties Pvt. Ltd.

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