MahaRERA Property Intelligence · Pune

Palm Springs Phase 1

P52100026794 · Vinodewasti · promoter Divine Ventures And

Certificate SignedDue 30 Jun 2025

Delivery & Registration

MahaRERA registrationP52100026794
Registered on25 Oct 2020
Promoter-declared completion30 Jun 2025
Current statusCertificate Signed
Against todayabout 13 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, 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 ~100.0% of the estimated project cost incurred as of the last certificate (₹44.57 Cr spent against a ₹44.57 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 211 homes filed with MahaRERA, 211 are sold/booked and 0 remain available (~100% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹86.77 Cr in agreement value so far. Of that, ₹86.77 Cr (~100%) is already collected, ₹0 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 211 registered agreements, the effective carpet rate is ₹10,251/sqft (typical range ₹4,417–₹10,861) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

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+15 and 211 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
Building- A1G+154731 Dec 2024
Building- B1G+157031 Dec 2024
Building -C1G+159431 Dec 2024

Unit mix on the filing: 211 residential.

Complaints & Orders

1 complaint is on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00500000025927618/08/2023Ashabai Kailas Gaikwad vs DIVINE VENTURES AND LANKE BIRJE ASSOCIATESorder passed

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 C J S D And Addl C J M 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 Property of Devi Construction LLP and C Vinode, to the south by Property of Mr Mahadev Vinode and other, to the east by Road and Property of Balwant vinode and other and to the west by Property of Mr Devi Construction LLP. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~8299 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 Park8299 km
Baner–Balewadi belt8303 km
Pune Junction / city centre8312 km
Magarpatta / Hadapsar IT8318 km
Pune Int'l Airport (Lohegaon)8318 km
Kharadi / EON IT Park8320 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 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
Palmspring Towers - A1, A2 And A3
possession by Dec 2028 · 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