MahaRERA Property Intelligence · Pune

Nakshatra

P52100007857 · promoter Krishnaraj Developers

Certificate SignedDue 31 Dec 2023

Delivery & Registration

MahaRERA registrationP52100007857
Registered on18 Aug 2017
Promoter-declared completion31 Dec 2023
Current statusCertificate Signed
Against todayabout 31 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, Krishnaraj Developers is the promoter of record on 6 projects, of which 1 carries 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+12.

BuildingWingsFloorsDeclared completion
Phase 2 - C1G+12-

Complaints

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

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 2 times. 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 2021At the time of registration of the project with MAHARERA, we had planned for the finance form own contribution/ construction finance. However, we could not arrange funds form finan
31 Dec 202331 Dec 2023Work on the project was halted due to COVID-19 & Also funds are not received from the customers.

Location, Land & Connectivity

Located at Mulshi, Pune, 412115. Per the filed land record, the plot is bounded to the north by Pandhan And Dp Road, to the south by Gat No450, to the east by 451 458 459 460 and to the west by Gat No 580. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~88 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.

LandmarkStraight-line
Hinjewadi Rajiv Gandhi IT Park88 km
Baner–Balewadi belt93 km
Pune Junction / city centre103 km
Pune Int'l Airport (Lohegaon)104 km
Kharadi / EON IT Park108 km
Magarpatta / Hadapsar IT109 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

Krishnaraj Developers is the promoter on 4 MahaRERA-registered projects, of which 1 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:

Other flagged projects by Krishnaraj Developers

Krishnaraj Developers
Past its declared completion datePune
Krishnaraj Developers
FlaggedPune

Other RERA-registered projects in Bhugaon

Balaji Krupa
possession by Jul 2026 · Santosh Dinkar Narvekar
Manas Valley Phase II
possession by Oct 2026 · Balaji Kimaya Associates
Plot NO. B-01 TO B-21 Viva,pirangut,pune
possession by Nov 2026 · Pact Real Estate Private Limited
Frangipani, Viva, Pirangut
Deregistered by MahaRERA · possession by Nov 2026 · K Raheja Corp Real Estate Private Limite
Krushnarang Residency
possession by Dec 2026 · Vastushilp Developers
Shanaya Elegance
possession by Dec 2026 · CK Associates

Major developers building in Bhugaon

Other RERA-registered projects in Pune

Nakshatra
declared completion Dec 2021 · Ashwini Anil Lokhande
Nakshatra
declared completion Sep 2024 · Angal & CO
Nakshatra
declared completion Jul 2023 · Doke Developers
Nakshatra
possession by Dec 2026 · Tirupati Developer
Nakshatra
declared completion Jun 2023 · Padmavati Landmarks
Nakshatra
possession by Dec 2027 · Adityaraj Builders

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