Kasturi Spaces Private Limited
MahaRERA Property Intelligence · Pune
P52100077258 · Balewadi · promoter Kasturi Spaces Private
| MahaRERA registration | P52100077258 |
| Registered on | 31 Jul 2024 |
| Promoter-declared completion | 31 Dec 2029 |
| Current status | Certificate Signed |
| Against today | 41 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, Kasturi Spaces Private is the promoter of record on 16 projects, of which 5 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.
Of 41 homes filed with MahaRERA, 20 are sold/booked and 21 remain available (~49% sold) — selling steadily. Buyers have committed ₹38.94 Cr in agreement value so far. Of that, ₹17.75 Cr (~46%) is already collected, ₹21.19 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 20 registered agreements, the effective carpet rate is ₹18,095/sqft (typical range ₹15,839–₹19,401) — 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 | 104 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 10 | 1002 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 11 | 1102 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 2 | 201 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 2 | 202 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 2 | 203 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 2 | 204 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 3 | 302 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 3 | 304 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 4 | 401 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 4 | 402 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 4 | 404 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 5 | 502 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 5 | 504 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 6 | 602 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 6 | 604 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 7 | 704 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 8 | 802 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 8 | 804 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 9 | 902 | 1,108 sqft (102.96 sqm) | ₹90.47 Lakh |
| Floor 9 | 904 | 1,108 sqft (102.96 sqm) | ₹90.47 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+37 and 41 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| The Balmoral Towers-Tower B, Phase III | 1 | G+37 | 41 | 31 Dec 2029 |
Unit mix on the filing: 41 residential.
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 declared 2 court cases on this project to MahaRERA. 1 is still pending. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.
| Court | Case no. | Year | Status |
|---|---|---|---|
| Civil Court | 264 | 2011 | Stayed By High Court |
| High Court | 5983 | 2011 | Pending |
Located at Balewadi, BALEWADI, Haveli, Pune, 411045. Per the filed land record, the plot is bounded to the north by Tower A of same layout, to the south by Tower C of the same layout, to the east by Adjacent S No 45 and to the west by Adjacent S No 45. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~1 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.
| Landmark | Straight-line |
|---|---|
| Baner–Balewadi belt | 1 km |
| Hinjewadi Rajiv Gandhi IT Park | 6 km |
| Pune Junction / city centre | 10 km |
| Pune Int'l Airport (Lohegaon) | 15 km |
| Magarpatta / Hadapsar IT | 16 km |
| Kharadi / EON IT Park | 17 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 The Balmoral Towers - Tower B, Phase III?
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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Paying from outside India? Pay $15 (Compliance) or $39 (Unit Guidance) via PayPal, or email hello@quietlist.in for a card invoice. Prefer to talk first, or have a portfolio to check? Same address. An information aid for your own due diligence, not legal or investment advice.
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Kasturi Spaces Private Limited is the promoter on 4 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).
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