MahaRERA Property Intelligence · Pune

R48 The Canopy

P52100079518 · Bhugaon · promoter Paranjape Spaces And

Certificate SignedDue 31 Dec 2029

Delivery & Registration

MahaRERA registrationP52100079518
Registered on10 Mar 2025
Promoter-declared completion31 Dec 2029
Current statusCertificate Signed
Against today41 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, Paranjape Spaces And is the promoter of record on 50 projects, of which 4 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 ~3.8% of the estimated project cost incurred as of the last certificate (₹3.52 Cr spent against a ₹92.69 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 106 homes filed with MahaRERA, 0 are sold/booked and 106 remain available (~0% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

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+23 and 106 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A wing1G+2353-
B Wing1G+2353-

Unit mix on the filing: 106 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 4 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
Cjsd Pune1480/20112011Matter For Township Land Is Kept For Hearing
Cjsd Pune593/20182018Matter Relating To Township Land Is Kept For Hearing
Cjsd Pune186/20182018Matter Relating To Township Land Is Kept For Hearing
Cjsd Pune1120/20222022Matter Relating To Township Land Is Kept For Hearing

Location, Land & Connectivity

Located at Bhugaon, Bhugaon, Mumbai City, Mumbai City, 412115. Per the filed land record, the plot is bounded to the north by Adj No S No 144 Forest Trail Boundary, to the south by 12 M wide internal road, to the east by S No 84 of 1 part and to the west by G2B HG19. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

🔒 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

Paranjape Spaces AND Services PVT LTD is the promoter on 4 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 Paranjape Spaces AND Services PVT LTD

Paranjape Spaces AND Services PVT LTD
FlaggedPune
Paranjape Spaces AND Services PVT LTD
FlaggedPune

Other RERA-registered projects in Bhugaon

Balaji Krupa
possession by Jul 2026 · Santosh Dinkar Narvekar
Manas Valley Phase II
possession by Oct 2026 · Balaji Kimaya Associates
Plot NO. B-01 TO B-21 Viva,pirangut,pune
possession by Nov 2026 · Pact Real Estate Private Limited
Frangipani, Viva, Pirangut
Deregistered by MahaRERA · possession by Nov 2026 · K Raheja Corp Real Estate Private Limite
Krushnarang Residency
possession by Dec 2026 · Vastushilp Developers
Shanaya Elegance
possession by Dec 2026 · CK Associates

Major developers building in Bhugaon

Other RERA-registered projects in Pune

R7 - THE Altius
possession by Jan 2030 · Paranjape Spaces AND Services PVT LTD
Ra Casa
declared completion Mar 2025 · Lohia Jain Realty LLP
RA Urbania
declared completion Dec 2025 · Ms Croissance Buildcon
Raahi Kasturi
possession by Dec 2026 · Raahi Yashila
Raahi Kasturi Phase 2
possession by Dec 2027 · Raahi Properties
Raajas
possession by Dec 2026 · Jasraaj Realtors

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