Presidential Park Phase 2
MahaRERA Property Intelligence · Pune
P52100000381 · Sate Maval · promoter Urban Life Realty
| MahaRERA registration | P52100000381 |
| Registered on | 15 Jul 2017 |
| Promoter-declared completion | 30 Jun 2024 |
| Current status | Certificate Signed |
| Against today | about 25 months past the declared date |
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.
Across MahaRERA, Urban Life Realty is the promoter of record on 93 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.
MahaRERA's cost filing puts construction at ~0.6% of the estimated project cost incurred as of the last certificate (₹14.22 Lakh spent against a ₹25.09 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. The declared completion date has already passed while the cost-incurred filing sits at ~0.6% — a wide gap between the promise and the money actually spent on site.
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.
Of 71 homes filed with MahaRERA, 12 are sold/booked (4 with registered agreements + 8 booked) and 59 remain available (~17% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹2.87 Cr in agreement value so far. Of that, ₹1.94 Cr (~68%) is already collected, ₹48.05 Lakh 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 12 registered agreements, the effective carpet rate is ₹4,666/sqft (typical range ₹4,044–₹4,666) — 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.
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 71 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| A wing | 1 | G+5 | 16 | 31 Oct 2018 |
| B wing | 1 | G+5 | 21 | 31 Oct 2018 |
| C wing | 1 | G+5 | 32 | 31 Oct 2018 |
| Club House 1 | 1 | G+0 | 1 | - |
| Club House 2 | 1 | G+0 | 1 | - |
Unit mix on the filing: 71 residential.
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. | Filed | Parties | Status |
|---|---|---|---|
| CC005000000064494 | 20/08/2020 | Sonali Pravin Wadatkar vs Dreams Construction Pvt. Ltd. Through its Director Mr. Ramesh Gisulal Mehta | order passed |
The promoter has declared 1 court case 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.
| Court | Case no. | Year | Status |
|---|---|---|---|
| Civil Judge Senior Division Pune | 556 | 2014 | Issues |
The promoter has had the MahaRERA completion deadline formally extended 1 time. Each extension is the regulator letting the finish line move — the clearest evidence of delivery slippage, straight from the record.
| From (declared) | To (revised) | Stated reason |
|---|---|---|
| 30 Jun 2024 | 30 Jun 2024 | Project was initially impacted due to pale market response , shortage of funds and then after due to Global Pandemic. However now situation is improved and we also have enough fund |
Located at Sate Maval, Sate Village Road, Haveli, Pune, 412106. Per the filed land record, the plot is bounded to the north by Amenity Building, to the south by Wing D E, to the east by Gat No 13 and to the west by Wing F G Gat No 680. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~103 km away — well outside the job hubs — this is a value/space play, not a short-commute one; budget for the drive.
| Landmark | Straight-line |
|---|---|
| Hinjewadi Rajiv Gandhi IT Park | 103 km |
| Baner–Balewadi belt | 109 km |
| Pune Junction / city centre | 119 km |
| Pune Int'l Airport (Lohegaon) | 121 km |
| Kharadi / EON IT Park | 124 km |
| Magarpatta / Hadapsar IT | 125 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.
🔒 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.
🔒 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.
Should you buy in Rakshak Vatika A B C wings?
This page is the free MahaRERA filing summary. The full RERA Property Intelligence Report gives you the full regulatory standing, declared court litigation, buyer-complaint and adjudication history, quarterly-progress-report discipline, the builder's MahaRERA-wide track record, the building/tower breakdown, and the sanctioned layout plan. See a real one first:
Sample: Lodha Kandivali – Tower 2 → · browse all sample reports →
Compliance Report · ₹999
The regulator’s filing record, read · 1 working day
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Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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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