MahaRERA Property Intelligence · Pune

The Balmoral Towers - Tower D, Phase I

P52100047009 · Balewadi · promoter Kasturi Spaces Private

Certificate SignedDue 31 Dec 2028

Delivery & Registration

MahaRERA registrationP52100047009
Registered on26 Sep 2022
Promoter-declared completion31 Dec 2028
Current statusCertificate Signed
Against today29 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, 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.

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+39.

BuildingWingsFloorsDeclared completion
Tower D The Balmoral Towers Balewadi1G+3931 Dec 2028

Complaints & Orders

2 complaints are on the MahaRERA record for this project, with orders passed in 2. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.

Complaint no.FiledPartiesStatus
CC00500000025896807/06/2023Suryakanth Dhanawade vs Nahar Brothers Realtors Private Limitedorder passed
CC00500000032059713/03/2024Arpit Mangal vs Kasturi Spaces Pvt Ltd.order passed

Location, Land & Connectivity

Located at Balewadi, Balewadi, Haveli, Pune, 411045. Per the filed land record, the plot is bounded to the north by Tower C for same layout, to the south by Adjacent S No 45, 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.

Location & connectivity

The nearest major job hub is ~2 km away — walking/short-hop distance to a major employment hub — a genuine work-near-home location.

LandmarkStraight-line
Baner–Balewadi belt2 km
Hinjewadi Rajiv Gandhi IT Park4 km
Pune Junction / city centre12 km
Pune Int'l Airport (Lohegaon)16 km
Magarpatta / Hadapsar IT18 km
Kharadi / EON IT Park18 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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Builder track record

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).

Other flagged projects by Kasturi Spaces Private Limited

Kasturi Spaces Private Limited
FlaggedPune
Kasturi Spaces Private Limited
FlaggedPune
Kasturi Spaces Private Limited
FlaggedPune

Other RERA-registered projects in Baner

7 Business BAY
possession by Jul 2026 · Saaj Buildcon Private Limited
Maitreya
Not filing quarterly progress reports · possession by Jul 2026 · Vaibhav Shamrao Taro
Mercury
possession by Aug 2026 · SB Real Estate Private Limited
Aarambh
possession by Aug 2026 · ADI Realtors
Nancy Hillview A-1
possession by Aug 2026 · M/S Sarsan Aawishkar Properties
Truspace Platina
possession by Aug 2026 · Atharva Developments

Major developers building in Baner

Other RERA-registered projects in Pune

THE Benchmark
possession by Nov 2026 · Shree Samarth Developers
THE Berries Studio
possession by Oct 2027 · S Realty LLP
The Beverly Hills
declared completion Nov 2019 · GG Developers
THE Bhanpurawalas
possession by Dec 2028 · THE Bhanpurawalas
THE Blue Majestic
declared completion Mar 2019 · Blueberry Developers
THE Blue Plaques
declared completion Dec 2018 · Blueberry Developers

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