Pune/Project record

MahaRERA · the public record

SPACE PARAMOUNT TOWER

NIBM · AZHAR ZUBER SHAIKH

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28units filed as unsoldInventory · 18 September 2026
27 Apr 2027declared completionMahaRERA registration · read 12 Jul 2026
48registered unitsMahaRERA registration · read 12 Jul 2026

The record · free to read

Registration read 12 Jul 2026

Progress & dates

The timeline on file.

Available record

No construction trend to plot.

The records used for this page do not supply a series of construction percentages. This does not establish whether possession has been given.

declared completion

27 Apr 2027

The registered date and a construction update answer different questions. Neither is a confirmation of possession.

MahaRERA registration · read 12 Jul 2026

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The source record

The details behind the headline.

MahaRERA · P52100047348

Delivery and registration

When is the project declared for completion?

SPACE PARAMOUNT TOWER is registered with MahaRERA as P52100047348 and the promoter has declared completion for 27 Apr 2027.

27 Apr 2027

declared completion

7months to go

against the declared date

The completion date and status as they stand on the MahaRERA registration record.

Source · MahaRERA project registration · read 12 Jul 2026

MahaRERA registrationP52100047348
Registered on20 Oct 2022
Promoter-declared completion27 Apr 2027
Current statusCertificate Signed
Against today7 months to the declared date

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for SPACE PARAMOUNT TOWER record 12 quarterly progress reports since registration.

Entries as they appear on MahaRERA's own lists and the project's progress filing.

Source · MahaRERA defaulter, deregistration and QPR lists · read 12 Jul 2026

  • Filing progress reports — 12 quarterly progress reports on record since registration, with no current default.

Promoter record

What else is this promoter on record for?

Azhar Zuber Shaikh is the promoter of record on 125 projects registered with MahaRERA, 35 of which carry a MahaRERA regulator flag (insolvency, deregistration, completion lapse or QPR default).

125projects

registered with MahaRERA

35flagged

by MahaRERA

Counted across Quietlist's full MahaRERA register store, matched on the promoter name as it appears on each filing.

Source · MahaRERA register, all projects · read 12 Jul 2026

Construction

How much construction cost has been reported?

In SPACE PARAMOUNT TOWER, ₹13.02 Cr of a declared ₹23.00 Cr estimated project cost is reported as incurred, about 56.6%, as at the last certified filing with MahaRERA.

56.6%

₹13.02 Cr

of ₹23.00 Cr declared cost

Cost incurred as last certified to MahaRERA. It is a financial measure, not a survey of site work, and it can lag on-site reality between filings.

Source · MahaRERA quarterly progress filing · read 12 Jul 2026

Sales

How much has actually been sold?

In SPACE PARAMOUNT TOWER, 18 of 48 homes filed with MahaRERA are recorded as sold or booked (12 with registered agreements and 6 booked), about 38%, and 30 remain available.

38%sold

18 of 48 homes

₹19.87 Cr

committed by buyers

Counts and agreement value as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. Of that agreement value, ₹11.87 Cr (about 60%) is recorded as collected and ₹8.01 Cr as receivable.

Source · MahaRERA sold/unsold inventory filing · read 12 Jul 2026

What buyers actually paid: across 18 registered agreements, the effective carpet rate is ₹9,597/sqft, with eight in ten falling between ₹8,608 and ₹11,052 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.

The units recorded as unsold on the filing. The reckoner value is the government's ready-reckoner assessment the promoter filed against that unit, the figure stamp duty is charged on. It is not a price anyone paid, not an asking price, and not a valuation of the home.

FloorUnitCarpetGovt reckoner value
Floor 11021,268 sqft (117.82 sqm)₹91.29 Lakh
Floor 11031,507 sqft (140.03 sqm)₹1.08 Cr
Floor 1010011,173 sqft (109 sqm)₹84.45 Lakh
Floor 1010021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 1010031,173 sqft (109 sqm)₹84.45 Lakh
Floor 1111011,173 sqft (109 sqm)₹84.45 Lakh
Floor 1111021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 1111031,173 sqft (109 sqm)₹84.45 Lakh
Floor 1212011,173 sqft (109 sqm)₹84.45 Lakh
Floor 1212021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 1414011,173 sqft (109 sqm)₹84.45 Lakh
Floor 1414031,173 sqft (109 sqm)₹84.45 Lakh
Floor 1515011,173 sqft (109 sqm)₹84.45 Lakh
Floor 1515021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 1515031,173 sqft (109 sqm)₹84.45 Lakh
Floor 22011,173 sqft (109 sqm)₹84.45 Lakh
Floor 22021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 22031,173 sqft (109 sqm)₹84.45 Lakh
Floor 33011,173 sqft (109 sqm)₹84.45 Lakh
Floor 33021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 33031,173 sqft (109 sqm)₹84.45 Lakh
Floor 55011,173 sqft (109 sqm)₹84.45 Lakh
Floor 55021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 66021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 77011,173 sqft (109 sqm)₹84.45 Lakh
Floor 77021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 77031,173 sqft (109 sqm)₹84.45 Lakh
Floor 88021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 99021,053 sqft (97.8 sqm)₹75.78 Lakh
Floor 99031,173 sqft (109 sqm)₹84.45 Lakh

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.

What the filings record, home by home

Read from MahaRERA on 18 September 2026

MahaRERA publishes, home by home, what this promoter filed: which homes are sold and which are not, the RERA carpet area of each, and for the sold ones the registered agreement value — the consideration filed for that specific home. On this project 20 homes carry one, and 28 of the 48 are recorded unsold. Since we started watching this ledger, 2 homes have moved out of the unsold list, most recently on 10 September 2026.

Here is one of those unsold homes, priced against what buyers of the same home on other floors actually filed:

HomeCarpetFiled for the same home on other floorsBased on
1021,268 sqftRs 9,635 a sq ft typical, over Rs 8,608 to Rs 11,05211 filed at this size

A filed consideration is what was registered for one home. It is not a valuation, and MahaRERA does not publish the date of any of these agreements — read a range as a spread, not as a trend. An unsold row means no sale had been filed for it when we looked, which is a filing state, not a promise that the home is available to you today. One of the two observations is an archived copy whose time is the moment the file was written, not a portal fetch time.

In SPACE PARAMOUNT TOWER, 27 of the 28 unsold homes have agreements filed on their own stack. The Price Comparison Report gives each of them its own row — the filed agreements behind that stack listed in full, the government reckoner value the promoter filed against it, and whether it is mortgaged to a lender while still on the unsold list. Built from the filing itself, sent by email.

See the other 27 homes — ₹2,999 →

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+17 and 48 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
11G+1748-

Unit mix on the filing: 48 residential.

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading.

Deadline Extensions

The MahaRERA completion deadline for this project has been formally extended 1 time, as recorded on the register.

FromExtended toStated reason
as registered27 Apr 2027The purpose of this extension request is to accommodate proposed changes in the project plan. These proposed changes are essential for the overall success of the project.

Location, Land & Connectivity

Located at NIBM, NIBM, Pune City, Pune, 411048. Per the filed land record, the plot is bounded to the north by BY ROAD, to the south by PARTLY BY LAND BEARING SURVEY NO 34 KONDHWA KHURD, to the east by BY PLOT NO 13 OUT OF THE SAID PRIVATE LAYOUT and to the west by BY PLOT NO 16 OUT OF THE SAID PRIVATE LAYOUT. These are the boundaries as recorded in the filed land record.

Location & connectivity

The nearest major job hub is ~6 km away — a manageable everyday commute to a major job hub.

LandmarkStraight-line
Magarpatta / Hadapsar IT6 km
Pune Junction / city centre7 km
Kharadi / EON IT Park10 km
Pune Int'l Airport (Lohegaon)13 km
Baner–Balewadi belt17 km
Hinjewadi Rajiv Gandhi IT Park22 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.

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Akshardham Phase 2
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Clover Highlands
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Hagawane Landmark
Not filing quarterly progress reports · possession by Dec 2026 · Santosh Subhash Hagawane

Major developers building in Kondhwa Khurd

Other RERA-registered projects in Pune

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Spandan
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Spar Accentures
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Spark Urban Bliss
declared completion Sep 2020 · Sumit Kumar Suresh Kumar Bhalotiya
Sparkle
declared completion Jun 2025 · Skyrise Ventures LLP
Sparkle AT Godrej Serene
possession by Dec 2027 · Godrej Skyline Developers Limited

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: 20 Sep 2026