MahaRERA Property Intelligence · Pune

MONARQUE BY VTP LUXE PHASE 2

P52100079440 · Hinjewadi · promoter Mexus Real Estate

Certificate SignedDue 31 Dec 2029

Delivery & Registration

MahaRERA registrationP52100079440
Registered on06 Mar 2025
Promoter-declared completion31 Dec 2029
Current statusCertificate Signed
Against today41 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, Mexus Real Estate is the promoter of record on 4 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 ~4.3% of the estimated project cost incurred as of the last certificate (₹4.44 Cr spent against a ₹102.11 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 144 homes filed with MahaRERA, 38 are sold/booked (36 with registered agreements + 2 booked) and 106 remain available (~26% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹69.04 Cr in agreement value so far. Of that, ₹13.22 Cr (~19%) is already collected, ₹55.82 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 38 registered agreements, the effective carpet rate is ₹13,342/sqft (typical range ₹12,989–₹13,747) — 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+39 and 144 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Tower-21G+39144-

Unit mix on the filing: 144 residential.

Complaints & Orders

2 complaints are 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
CC1260228218/04/2026MEXUS REAL ESTATE DEVELOPERS LLP vs ALISHAN UBID KHANorder passed
CC1260228318/04/2026MEXUS REAL ESTATE DEVELOPERS LLP vs MRS PRADNYA RAVINDRA KAWAREpending / no order on file

Legal & Litigation

The promoter has declared 1 court case 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
Divisional Commissioner162025Closed

Location, Land & Connectivity

Located at Hinjewadi, Hinjewadi, Haveli, Pune, 411057. Per the filed land record, the plot is bounded to the north by Survey No- 191-2, to the south by 36M Wide Road, to the east by 36M Wide Road and to the west by Survey No- 193-1. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

🔒 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

Mexus Real Estate Developers LLP is the promoter on 3 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 Mexus Real Estate Developers LLP

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ANP Bizsquare
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Olive Orchard
possession by Jul 2026 · Anandtara Properties
Fairmont
possession by Aug 2026 · Krishna Icon Skyscraper LLP
Varad Residency
possession by Sep 2026 · Vilas Bhagaji Arekar
ANP Memento
possession by Sep 2026 · Five Star Construction Company

Major developers building in Wakad

Other RERA-registered projects in Pune

Monarque BY VTP Luxe Phase 3
possession by Dec 2030 · Mexus Real Estate Developers LLP
Monica Corner
declared completion Mar 2018 · Monica Construction & Builders
Monika Pride
possession by Mar 2027 · Vastuanand Developers AND Contractors Pr
Mont Vert Avion
declared completion Jul 2018 · Niraj Kumar Associates Pvt Ltd
Mont Vert Axis
possession by Dec 2028 · Mont Vert Needs
Mont Vert Belair
declared completion Dec 2021 · Mont Vert Elegance

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