New Prasanna Park Co-op Housing Society Ltd.

Delivery & Registration

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.

• Filing progress reports — 1 quarterly progress report on record since registration, with no current default.

Construction Progress

MahaRERA's cost filing puts construction at ~2.7% of the estimated project cost incurred as of the last certificate (₹1.87 Cr spent against a ₹68.92 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 24 homes filed with MahaRERA, 1 are sold/booked and 23 remain available (~4% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹1.51 Cr in agreement value so far. Of that, ₹1.21 Cr (~80%) is already collected, ₹0 receivable — a read on how far along these sales really are. Note: the project registers 35 homes in total, but this sold/unsold inventory filing covers only 24 of them — the other 11 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.

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:

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+13 and 35 homes are registered across the project.

Unit mix on the filing: 64 residential.

Complaints

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

Location, Land & Connectivity

Located at Gultekadi, Pune City, Pune, 411037. Per the filed land record, the plot is bounded to the north by Final Plot No 388/A, to the south by Remaining Land from Final Plot No 388, to the east by S No 50/3, Corresponding Final Plot No 388/C and to the west by Public 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.

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.

Builder track record

Rahul Lifespaces LLP is the promoter on 2 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 Rahul Lifespaces LLP

Other RERA-registered projects in Bibwewadi

Major developers building in Bibwewadi

Other RERA-registered projects in Pune

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.