Naik Heritage
MahaRERA Property Intelligence · Pune
P52100030979 · Shamsing Pardeshi Road, Near Appa Balvant Chowk · promoter Bhairav Associates
| MahaRERA registration | P52100030979 |
| Registered on | 29 Sep 2021 |
| Promoter-declared completion | 30 Jun 2027 |
| Current status | Certificate Signed |
| Against today | 11 months to 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, Bhairav Associates is the promoter of record on 18 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.
MahaRERA's cost filing puts construction at ~90.5% of the estimated project cost incurred as of the last certificate (₹6.80 Cr spent against a ₹7.52 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.
Of 73 homes filed with MahaRERA, 42 are sold/booked and 31 remain available (~58% sold) — selling steadily. Buyers have committed ₹7.51 Cr in agreement value so far. Of that, ₹7.02 Cr (~93%) is already collected, ₹49.67 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 42 registered agreements, the effective carpet rate is ₹4,475/sqft (typical range ₹2,546–₹7,541) — 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:
| Floor | Unit | Carpet | Reckoner value |
|---|---|---|---|
| Floor 1 | 103 | 539 sqft (50.08 sqm) | ₹28.69 Lakh |
| Floor 2 | 211 | 402 sqft (37.37 sqm) | ₹21.41 Lakh |
| Floor 3 | 305 | 320 sqft (29.77 sqm) | ₹17.06 Lakh |
| Floor 3 | 312 | 431 sqft (40 sqm) | ₹22.92 Lakh |
| Floor 4 | 402 | 403 sqft (37.41 sqm) | ₹21.43 Lakh |
| Floor 4 | 403 | 539 sqft (50.08 sqm) | ₹28.69 Lakh |
| Ground/Floor 0 | 1 | 281 sqft (26.14 sqm) | ₹27.84 Lakh |
| Ground/Floor 0 | 10 | 223 sqft (20.73 sqm) | ₹22.08 Lakh |
| Ground/Floor 0 | 11 | 208 sqft (19.33 sqm) | ₹20.59 Lakh |
| Ground/Floor 0 | 12 | 237 sqft (21.99 sqm) | ₹23.42 Lakh |
| Ground/Floor 0 | 13 | 243 sqft (22.59 sqm) | ₹24.06 Lakh |
| Ground/Floor 0 | 14 | 195 sqft (18.14 sqm) | ₹19.32 Lakh |
| Ground/Floor 0 | 15 | 168 sqft (15.62 sqm) | ₹16.64 Lakh |
| Ground/Floor 0 | 16 | 319 sqft (29.62 sqm) | ₹31.55 Lakh |
| Ground/Floor 0 | 17 | 221 sqft (20.57 sqm) | ₹21.91 Lakh |
| Ground/Floor 0 | 18 | 351 sqft (32.57 sqm) | ₹34.69 Lakh |
| Ground/Floor 0 | 19 | 483 sqft (44.89 sqm) | ₹47.82 Lakh |
| Ground/Floor 0 | 2 | 314 sqft (29.19 sqm) | ₹31.09 Lakh |
| Ground/Floor 0 | 20 | 191 sqft (17.74 sqm) | ₹18.90 Lakh |
| Ground/Floor 0 | 21 | 279 sqft (25.96 sqm) | ₹27.65 Lakh |
| Ground/Floor 0 | 22 | 323 sqft (30.05 sqm) | ₹32.01 Lakh |
| Ground/Floor 0 | 23 | 224 sqft (20.77 sqm) | ₹22.12 Lakh |
| Ground/Floor 0 | 24 | 163 sqft (15.18 sqm) | ₹16.17 Lakh |
| Ground/Floor 0 | 25 | 143 sqft (13.27 sqm) | ₹14.14 Lakh |
| Ground/Floor 0 | 3 | 344 sqft (31.96 sqm) | ₹34.04 Lakh |
| Ground/Floor 0 | 4 | 174 sqft (16.13 sqm) | ₹17.18 Lakh |
| Ground/Floor 0 | 5 | 315 sqft (29.23 sqm) | ₹31.14 Lakh |
| Ground/Floor 0 | 6 | 284 sqft (26.41 sqm) | ₹28.13 Lakh |
| Ground/Floor 0 | 7 | 255 sqft (23.65 sqm) | ₹25.19 Lakh |
| Ground/Floor 0 | 8 | 256 sqft (23.76 sqm) | ₹25.31 Lakh |
| Ground/Floor 0 | 9 | 263 sqft (24.44 sqm) | ₹26.03 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.
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+6 and 73 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Siddhi Icon | 1 | G+6 | 73 | 10 Jun 2022 |
Unit mix on the filing: 48 residential and 25 non-residential (shops/offices).
No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.
The promoter has had the MahaRERA completion deadline formally extended 3 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 |
|---|---|---|
| 10 Jun 2022 | 30 Jun 2025 | In 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 |
| 10 Jun 2022 | 09 Jun 2023 | COVID-19 difficulties were experienced and the construction was hence delayed. |
| 10 Jun 2022 | 30 Jun 2027 | We apologize for the delay in the completion of the project and the submission of this request. The delay has occurred due to unforeseen circumstances, including procurement issues |
Located at Shamsing Pardeshi Road, Near Appa Balvant Chowk, Budhwar Peth, Pune City, Pune, 411002. Per the filed land record, the plot is bounded to the north by 183058N735130E, to the south by 183057N735130E, to the east by 183057N735130E and to the west by 183057N735130E. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~7 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Pune Junction / city centre | 2 km |
| Magarpatta / Hadapsar IT | 7 km |
| Kharadi / EON IT Park | 10 km |
| Baner–Balewadi belt | 10 km |
| Pune Int'l Airport (Lohegaon) | 10 km |
| Hinjewadi Rajiv Gandhi IT Park | 15 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 Siddhi Icon?
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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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