Vaishnavi Developers
MahaRERA Property Intelligence · Pune
P52100026212 · BHUGAON · promoter Vaishnavi
| MahaRERA registration | P52100026212 |
| Registered on | 30 Aug 2020 |
| Promoter-declared completion | 28 Feb 2025 |
| Current status | Certificate Signed |
| Against today | about 17 months past 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, Vaishnavi is the promoter of record on 75 projects, of which 16 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 15 homes filed with MahaRERA, 9 are sold/booked and 6 remain available (~60% sold) — selling steadily. Buyers have committed ₹2.30 Cr in agreement value so far. Of that, ₹2.23 Cr (~97%) is already collected, ₹7.35 Lakh receivable — a read on how far along these sales really are. Note: the project registers 26 homes in total, but this sold/unsold inventory filing covers only 15 of them — the other 11 aren't in the ledger yet. Ask the builder what they are (an unreleased phase, held-back stock, or non-saleable/car-park units) before reading too much into the percentage. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.
What buyers actually paid: across 9 registered agreements, the effective carpet rate is ₹8,131/sqft (typical range ₹5,937–₹16,008) — 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 3 | 301 | 571 sqft (53.09 sqm) | ₹2.86 Lakh |
| Floor 3 | 302 | 581 sqft (53.99 sqm) | ₹2.91 Lakh |
| Floor 3 | 303 | 561 sqft (52.09 sqm) | ₹2.81 Lakh |
| Floor 3 | 304 | 418 sqft (38.86 sqm) | ₹2.09 Lakh |
| Ground/Floor 0 | SHOP NO 1 | 148 sqft (13.77 sqm) | ₹74,220 |
| Ground/Floor 0 | SHOP NO 12 | 108 sqft (10.05 sqm) | ₹54,170 |
⚠ The inventory filing also declares: 11 not for sale. Before booking, confirm YOUR unit appears in none of these lists and get any lender NOC in writing.
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+7 and 26 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| VAISHNAVI PALASH | 1 | G+7 | 26 | 31 Aug 2024 |
Unit mix on the filing: 12 residential and 14 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.
Located at BHUGAON, BHUGAON, Pune City, Pune, 412115. Per the filed land record, the plot is bounded to the north by S NO 44 5 ROAD, to the south by S NO 44 5, to the east by S NO 44 5 ROAD and to the west by S NO 44 4 AND 44 3 ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
The nearest major job hub is ~6 km away — a manageable everyday commute to a major job hub.
| Landmark | Straight-line |
|---|---|
| Baner–Balewadi belt | 6 km |
| Hinjewadi Rajiv Gandhi IT Park | 10 km |
| Pune Junction / city centre | 12 km |
| Magarpatta / Hadapsar IT | 17 km |
| Pune Int'l Airport (Lohegaon) | 19 km |
| Kharadi / EON IT Park | 20 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.
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Vaishnavi Developers is the promoter on 7 MahaRERA-registered projects, of which 1 carry a regulator flag (insolvency, deregistration, suspension, completion lapse or QPR default). A pattern across a builder's portfolio matters more than any one project's brochure — look into these before you trust this registration:
See every Vaishnavi Developers project & its RERA track record →
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