SPACE PARAMOUNT TOWER

Delivery & Registration

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.

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

Builder Track Record

Across MahaRERA, Azhar Zuber Shaikh is the promoter of record on 112 projects, of which 31 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 ~56.6% of the estimated project cost incurred as of the last certificate (₹13.02 Cr spent against a ₹23.00 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 48 homes filed with MahaRERA, 18 are sold/booked (12 with registered agreements + 6 booked) and 30 remain available (~38% sold) — early in sales — more choice of units now, but confirm the developer has the pre-sales to fund the build. Buyers have committed ₹19.87 Cr in agreement value so far. Of that, ₹11.87 Cr (~60%) is already collected, ₹8.01 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 18 registered agreements, the effective carpet rate is ₹9,597/sqft (typical range ₹8,608–₹11,052) — 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:

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+17 and 48 homes are registered across the project.

Unit mix on the filing: 48 residential.

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Deadline Extensions

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.

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. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

Location & connectivity

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

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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Other RERA-registered projects in Pune

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.