Naik Heritage
MahaRERA Property Intelligence · Pune
P52100007354 · Budhwar Peth · promoter Matoshri Estate Pvt
| MahaRERA registration | P52100007354 |
| Registered on | 17 Aug 2017 |
| Promoter-declared completion | 25 Dec 2025 |
| Current status | Certificate Signed |
| Against today | about 7 months past the declared date |
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.
Across MahaRERA, Matoshri Estate Pvt is the promoter of record on 12 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.
MahaRERA's cost filing puts construction at ~87.9% of the estimated project cost incurred as of the last certificate (₹58 spent against a ₹66 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. The declared completion date has already passed while the cost-incurred filing sits at ~87.9% — a wide gap between the promise and the money actually spent on site.
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.
Of 273 homes filed with MahaRERA, 200 are sold/booked (195 with registered agreements + 5 booked) and 73 remain available (~73% sold) — selling steadily. Buyers have committed ₹78.41 Cr in agreement value so far. Of that, ₹37.33 Cr (~48%) is already collected, ₹41.08 Cr receivable — a read on how far along these sales really are. Note: the project registers 320 homes in total, but this sold/unsold inventory filing covers only 273 of them — the other 47 aren't in the ledger yet. Ask the builder what they are (an unreleased phase, held-back stock, or non-saleable/car-park units) before reading too much into the percentage. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.
What buyers actually paid: across 200 registered agreements, the effective carpet rate is ₹19,415/sqft (typical range ₹2,978–₹48,087) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
⚠ The inventory filing also declares: 47 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+9 and 320 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| MARNE PLAZA | 1 | G+9 | 320 | - |
Unit mix on the filing: 82 residential and 238 non-residential (shops/offices).
4 complaints are on the MahaRERA record for this project, with orders passed in 4. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC005000000054014 | 06/02/2020 | Amit Sharma vs Matoshree Eststes Pvt Ltd | order passed |
| CC005000000085503 | 28/04/2021 | M/S. Maple Developments A Partnership firm Through its Partner, Shri. Sachin Ashok Agarwal vs M/s. Matoshree Estates Pvt Ltd Thr its Director/s a) Deepak Marne b) Aarti Marne c) Radhika Birla | order passed |
| CC005000000085690 | 18/06/2021 | Mr. Yogesh Vasantrao Nankar vs M/s Matoshri Estate Pvt Ltd Thr its Directors a) Mr. Deepak Marne b) Aarti Marne c) Radhika Birla | order passed |
| CC005000000085689 | 18/06/2021 | Mrs. Pramila Medhekar vs M/s. Matoshri Estate Pvt Ltd Thr its Directors a) Mr. Deepak Marne b) Aarti Marne c) Radhika Birla | order passed |
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 |
|---|---|---|
| 25 Dec 2024 | 25 Dec 2024 | Due to Covid, the project got delayed, Hereby we request you to grant extention of one year. |
| 30 Dec 2023 | 25 Dec 2025 | 1.Project is 70% completed 2.Consent of 63.33 % of Allotees uploaded for Extension 3.Explanatory Note for Delay in project Completion Uploaded in Other Tab No. 1 4.PERT Chart fo |
Located at Budhwar Peth, Budhwar Peth, Pune City, Pune, 411002. Per the filed land record, the plot is bounded to the north by CTS NO 223, to the south by 35 FEET WIDE ROAD, to the east by CTS NO 82 and to the west by 35 FEET WIDE ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~7 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Pune Junction / city centre | 3 km |
| Magarpatta / Hadapsar IT | 7 km |
| Kharadi / EON IT Park | 10 km |
| Baner–Balewadi belt | 11 km |
| Pune Int'l Airport (Lohegaon) | 11 km |
| Hinjewadi Rajiv Gandhi IT Park | 16 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.
🔒 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.
🔒 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.
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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