NORTH EAST BUSINESS CENTRE

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 — 14 quarterly progress reports on record since registration, with no current default.

Construction Progress

MahaRERA's cost filing puts construction at ~78.1% of the estimated project cost incurred as of the last certificate (₹15.53 Cr spent against a ₹19.89 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 102 homes filed with MahaRERA, 67 are sold/booked and 35 remain available (~66% sold) — selling steadily. Buyers have committed ₹17.81 Cr in agreement value so far. Of that, ₹14.38 Cr (~81%) is already collected, ₹3.42 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 66 registered agreements, the effective carpet rate is ₹9,325/sqft (typical range ₹6,747–₹13,985) — 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:

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+5 and 102 homes are registered across the project.

Unit mix on the filing: 102 non-residential (shops/offices).

Complaints

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

Legal & Litigation

The promoter has declared 1 court case on this project to MahaRERA. 1 is still pending. 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.

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 3 times. Each extension is the regulator letting the finish line move — the clearest evidence of delivery slippage, straight from the record.

Location, Land & Connectivity

Located at CHIKHALI, CHIKHALI, Haveli, Pune, 411062. Per the filed land record, the plot is bounded to the north by GAT NO 606, to the south by 15 MTR INTERNAL ROAD, to the east by 30 MTRS MAIN ROAD and to the west by 24 SUN SHINE RESIDENTIAL PROJECT. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Builder track record

Shiv Properties 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 Shiv Properties

Other RERA-registered projects in Chikhali

Major developers building in Chikhali

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.