MahaRERA Property Intelligence · Pune

PALM SPRINGS PH-II D-WING

P52100053541 · Vinodewasti · promoter Divine Ventures And

Certificate SignedDue 31 Dec 2027

Delivery & Registration

MahaRERA registrationP52100053541
Registered on10 Nov 2023
Promoter-declared completion31 Dec 2027
Current statusCertificate Signed
Against today17 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, Divine Ventures And is the promoter of record on 44 projects, of which 3 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 ~35.5% of the estimated project cost incurred as of the last certificate (₹17.42 Cr spent against a ₹49.08 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 148 homes filed with MahaRERA, 94 are sold/booked and 54 remain available (~64% sold) — selling steadily. Buyers have committed ₹73.67 Cr in agreement value so far. Of that, ₹31.79 Cr (~43%) is already collected, ₹41.88 Cr receivable — a read on how far along these sales really are. Note: the project registers 172 homes in total, but this sold/unsold inventory filing covers only 148 of them — the other 24 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 94 registered agreements, the effective carpet rate is ₹11,107/sqft (typical range ₹10,361–₹12,015) — 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: 24 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.

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+24 and 172 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
D-Wing1G+24172-

Unit mix on the filing: 172 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.

Legal & Litigation

The promoter has declared 2 court cases 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
Joint Cjsd And Addl Cjm Pune1702/20222022Awaiting Summons Or Compliance
154- 9Th Joint Cjsd & Addl Cjm Pune (Shri V.M Mankhair)1702/20222022Ongoing

Location, Land & Connectivity

Located at Vinodewasti, Wakad, Haveli, Pune, 411057. Per the filed land record, the plot is bounded to the north by By property of Vinod Bani and Chandrakant Vinode, to the south by By Property of Mr Mahadev Vinode and others 92 2E, to the east by 24 Mtr road and Property of Balwant Vinode and to the west by By Property of Vinod Bani. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~8261 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 Park8261 km
Baner–Balewadi belt8265 km
Pune Junction / city centre8275 km
Pune Int'l Airport (Lohegaon)8280 km
Magarpatta / Hadapsar IT8280 km
Kharadi / EON IT Park8282 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

Divine Ventures AND Lanke Birje Associates 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 Divine Ventures AND Lanke Birje Associates

Divine Ventures AND Lanke Birje Associates
FlaggedPune

Other RERA-registered projects in Wakad

Fusion Towers Phase III
possession by Jul 2026 · Rama Synergy Spaces
ANP Bizsquare
possession by Jul 2026 · Five Star Vighnesh Associates
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

Palm Springs Phase 1
declared completion Jun 2025 · Divine Ventures AND Lanke Birje Associat
Palm World ONE
declared completion Jul 2022 · Palmtree Developments Pvt. Ltd.
Palmarius
declared completion Aug 2019 · Sainath Buildcon
Palmnest Phase III
declared completion Jun 2025 · NG Rathi Properties LLP
Palmnest-Phase IV
declared completion Jun 2024 · NG Rathi Properties LLP
Palmspring Bungalows - E1 To E6
declared completion Dec 2021 · Kumar Kering Developers LLP

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