MahaRERA Property Intelligence · Pune

RICHMOND

P52100015578 · MAHALUNGE · promoter Coral Shubh Builders

Certificate SignedDue 31 Oct 2026

Delivery & Registration

MahaRERA registrationP52100015578
Registered on08 Mar 2018
Promoter-declared completion31 Oct 2026
Current statusCertificate Signed
Against today3 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, Coral Shubh Builders is the promoter of record on 3 projects, of which none currently 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.

Sales & Inventory

Of 80 homes filed with MahaRERA, 78 are sold/booked and 2 remain available (~98% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹16.08 Cr in agreement value so far. Of that, ₹16.78 Cr (~104%) is already collected, ₹1.03 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 78 registered agreements, the effective carpet rate is ₹341/sqft (typical range ₹301–₹398) — 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:

FloorUnitCarpetReckoner value
Floor 1010045,533 sqft (514 sqm)₹22.00 Lakh
Floor 88025,533 sqft (514 sqm)₹20.14 Lakh

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+12 and 80 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
A WING1--31 Dec 2020
B WING1G+128030 Jun 2020

Unit mix on the filing: 80 residential.

Complaints & Orders

3 complaints are on the MahaRERA record for this project, with orders passed in 3. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC1240025628/09/2024Sunil Netrapal Yadav vs CORAL SHUBH BUILDERSorder passed
CC1250234310/07/2025Rushikesh Jagtap vs CORAL SHUBH BUILDERSorder passed
CC1250262029/07/2025Chhaya Padwal vs CORAL SHUBH BUILDERSorder passed

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 5 times. 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
31 Aug 202431 Aug 2024DUE TO FINANCIAL ISSUES
31 Aug 202430 Apr 2024due to financial situation
31 Aug 202431 Dec 2023DUE TO FINANCIAL CRISIS
31 Aug 202430 Sep 2022DUE TO FINANCIAL CRISIS
31 Dec 202131 Oct 2026occupancy certificate is awaited

Location, Land & Connectivity

Located at MAHALUNGE, MAHALUNGE, Khed, Pune, 410501. Per the filed land record, the plot is bounded to the north by GAT NO 53, to the south by 12 M WIDE ROAD, to the east by GAT NO 130 and to the west by 36 M WIDE MDR ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~20 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 Park20 km
Baner–Balewadi belt23 km
Pune Int'l Airport (Lohegaon)23 km
Pune Junction / city centre27 km
Kharadi / EON IT Park27 km
Magarpatta / Hadapsar IT30 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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Other RERA-registered projects in Chakan

Vallabh Heights
possession by Sep 2026 · G R Developers
Shree Samarth Shrushti
possession by Sep 2026 · Jagdamba Developers
Swapnapurti Heights
Not filing quarterly progress reports · possession by Oct 2026 · B R Developers
Mungase Towers
possession by Dec 2026 · Mr Santosh Vasudev Mungase
Chakan High Street
possession by Dec 2026 · Chakan Business HUB LLP
Chakan Nagarparishad Pmay AHP
possession by Dec 2026 · Chakan Nagarparishad

Major developers building in Chakan

Other RERA-registered projects in Pune

Richmond Park
declared completion Dec 2022 · LA Casa Shelters LLP
Riddhi Heights
possession by Jun 2029 · V4 Enterprises
Riddhi Residency
declared completion Sep 2018 · Atmiya Enterprises
Riddhi Siddhi
declared completion Dec 2017 · Durga Associates
Riddhi Siddhi Avenue
declared completion Dec 2021 · R R Lunkad Buildcon
Riddhi Siddhi Enclave
declared completion Jun 2019 · Sneha Constructions

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