MahaRERA Property Intelligence · Pune

RIVA

P52100004157 · PISOLI · promoter Asian Ventures

Certificate SignedDue 20 Nov 2027

Delivery & Registration

MahaRERA registrationP52100004157
Registered on08 Aug 2017
Promoter-declared completion20 Nov 2027
Current statusCertificate Signed
Against today16 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, Asian Ventures is the promoter of record on 14 projects, of which 2 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 ~98.8% of the estimated project cost incurred as of the last certificate (₹12.85 Cr spent against a ₹13.00 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 95 homes filed with MahaRERA, 68 are sold/booked (66 with registered agreements + 2 booked) and 27 remain available (~72% sold) — selling steadily. Buyers have committed ₹35.34 Cr in agreement value so far. Of that, ₹28.35 Cr (~80%) is already collected, ₹6.98 Cr receivable — a read on how far along these sales really are. Note: the project registers 104 homes in total, but this sold/unsold inventory filing covers only 95 of them — the other 9 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 68 registered agreements, the effective carpet rate is ₹7,670/sqft (typical range ₹4,349–₹9,204) — 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 101001512 sqft (47.61 sqm)₹25.75 Lakh
Floor 101004538 sqft (50.02 sqm)₹27.06 Lakh
Floor 101008512 sqft (47.61 sqm)₹25.75 Lakh
Floor 1111061,021 sqft (94.85 sqm)₹51.30 Lakh
Floor 111108512 sqft (47.61 sqm)₹25.75 Lakh
Floor 121201512 sqft (47.61 sqm)₹25.75 Lakh
Floor 121202854 sqft (79.34 sqm)₹42.92 Lakh
Floor 1212031,025 sqft (95.19 sqm)₹51.49 Lakh
Floor 121204538 sqft (50.02 sqm)₹27.06 Lakh
Floor 121205538 sqft (50.02 sqm)₹27.06 Lakh
Floor 1212061,025 sqft (95.19 sqm)₹51.49 Lakh
Floor 121207854 sqft (79.34 sqm)₹42.92 Lakh
Floor 121208512 sqft (47.61 sqm)₹25.75 Lakh
Floor 1313011,439 sqft (133.69 sqm)₹72.31 Lakh
Floor 1313021,776 sqft (164.99 sqm)₹89.24 Lakh
Floor 1313041,439 sqft (133.69 sqm)₹72.31 Lakh
Floor 1414011,439 sqft (133.69 sqm)₹72.31 Lakh
Floor 1414021,776 sqft (164.99 sqm)₹89.24 Lakh
Floor 1414031,806 sqft (167.78 sqm)₹90.75 Lakh
Floor 1414041,439 sqft (133.69 sqm)₹72.31 Lakh
Floor 2203898 sqft (83.43 sqm)₹45.13 Lakh
Floor 2208458 sqft (42.55 sqm)₹23.02 Lakh
Floor 7708461 sqft (42.83 sqm)₹23.17 Lakh
Floor 8801458 sqft (42.55 sqm)₹23.02 Lakh
Floor 8808458 sqft (42.55 sqm)₹23.02 Lakh
Floor 9905487 sqft (45.24 sqm)₹24.47 Lakh
Floor 9908461 sqft (42.83 sqm)₹23.17 Lakh

⚠ The inventory filing also declares: 9 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+15 and 104 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
RIVA1G+1510431 Mar 2020

Unit mix on the filing: 104 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
CC00500000029022003/02/2024Kaizad Fardun Dadrewalla vs M/S ASIAN VENTURESorder passed

Deadline Extensions

The promoter has had the MahaRERA completion deadline formally extended 4 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
21 May 202621 May 2026In accordance with circular no 28, we hereby apply for extension of our project u/s 7(3) in Format B. The project was delayed for reasons beyond our control on account of various r
21 May 202621 Mar 2024Due to the pandemic -19 the market scenario and labor availability issues we allottees agree with the delay of the project RIVA and we give our concern to the developer as per the
21 May 202621 Mar 2022Due to Covid19 pandamic
30 Sep 202020 Nov 2027We, ASIAN VENTURES, hereby declare the following with respect to the project RIVA bearing Registration No. P52100004157 registered under MahaRERA. The delay in completion of the pr

Location, Land & Connectivity

Located at PISOLI, MAHARTASHTRA, Pune City, Pune, 411060. Per the filed land record, the plot is bounded to the north by SR NO 40, to the south by SR NO 43 HISSA NO 3, to the east by SR NO 44 and to the west by SR NO 43 HISSA NO 3. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

The nearest major job hub is ~7 km away — a manageable everyday commute to a major job hub.

LandmarkStraight-line
Magarpatta / Hadapsar IT7 km
Pune Junction / city centre9 km
Kharadi / EON IT Park11 km
Pune Int'l Airport (Lohegaon)14 km
Baner–Balewadi belt18 km
Hinjewadi Rajiv Gandhi IT Park23 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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Major developers building in Undri

Other RERA-registered projects in Pune

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Rivaansh Ikon
declared completion Dec 2022 · MS Shreyas Infrastructures Through Propr
Rivanta
declared completion Mar 2026 · THE Residenteur Group
River Breeze
declared completion Dec 2018 · Pushpa Developers
River Crest
possession by Dec 2028 · ARP Developers
River Dale Residency
declared completion Aug 2025 · Maha Anand Pinnac Associates

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