MahaRERA Property Intelligence · Pune

Megapolis Shimmer - A1

P52100052912 · Rajiv Gandhi Infotech Park Phase 3 · promoter Pegasus

Certificate SignedDue 31 Mar 2029

Delivery & Registration

MahaRERA registrationP52100052912
Registered on05 Oct 2023
Promoter-declared completion31 Mar 2029
Current statusCertificate Signed
Against today32 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, 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.

Construction Progress

MahaRERA's cost filing puts construction at ~65.7% of the estimated project cost incurred as of the last certificate (₹117.66 Cr spent against a ₹178.98 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 511 homes filed with MahaRERA, 493 are sold/booked (488 with registered agreements + 5 booked) and 18 remain available (~96% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹279.97 Cr in agreement value so far. Of that, ₹200.15 Cr (~71%) is already collected, ₹79.82 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 493 registered agreements, the effective carpet rate is ₹8,952/sqft (typical range ₹8,692–₹9,194) — 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 1101684 sqft (63.5 sqm)₹47.10 Lakh
Floor 1101689 sqft (64 sqm)₹47.10 Lakh
Floor 1101684 sqft (63.5 sqm)₹47.10 Lakh
Floor 1102700 sqft (65 sqm)₹47.10 Lakh
Floor 1102689 sqft (64 sqm)₹47.10 Lakh
Floor 1102684 sqft (63.5 sqm)₹47.10 Lakh
Floor 1103673 sqft (62.5 sqm)₹46.34 Lakh
Floor 1103689 sqft (64 sqm)₹47.10 Lakh
Floor 1104689 sqft (64 sqm)₹47.10 Lakh
Floor 1104689 sqft (64 sqm)₹47.10 Lakh
Floor 1105689 sqft (64 sqm)₹47.10 Lakh
Floor 5508635 sqft (59 sqm)₹47.10 Lakh
Ground/Floor 0G04673 sqft (62.5 sqm)₹47.10 Lakh
Ground/Floor 0G05673 sqft (62.5 sqm)₹47.10 Lakh
Ground/Floor 0G06673 sqft (62.5 sqm)₹47.10 Lakh
Ground/Floor 0G07673 sqft (62.5 sqm)₹47.10 Lakh
Ground/Floor 0G08673 sqft (62.5 sqm)₹47.10 Lakh
Ground/Floor 0G09624 sqft (58 sqm)₹46.34 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+23 and 511 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A1 - A Wing1G+23180-
A1 - B Wing1G+23148-
A1 - C Wing1G+23183-

Unit mix on the filing: 511 residential.

Complaints & Orders

1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC1240052922/10/2024Sneha Prashant Misal vs Pegasus Properties Pvt. Ltd.order passed

Legal & Litigation

The promoter has declared 2 court cases on this project to MahaRERA. 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 Pune6912022Ongoing
Civil Judge6912022Ongoing

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 School Building, to the south by MIDC 45 M wide road, to the east by Adjoining Plot No R-1 - 1 - B and to the west by MIDC 45 M wide road. 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 centre21 km
Pune Int'l Airport (Lohegaon)25 km
Magarpatta / Hadapsar IT27 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 Springs - A
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Megapolis Springs - B And F
declared completion Mar 2023 · Pegasus Properties Pvt. Ltd.
Megapolis Springs - C
declared completion May 2022 · Pegasus Properties Pvt. Ltd.
Megapolis Springs - D And E
declared completion Apr 2022 · Pegasus Properties Pvt. Ltd.
Megapolis Symphony Phase I
declared completion Jul 2022 · Pegasus Properties Pvt. Ltd.
Megh Malhar Residency
possession by Dec 2029 · Sungrace Infra Projects

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