Magnite Developers Private Limited
MahaRERA Property Intelligence · Pune
P52100033888 · HINJEWADI · promoter Magnite Developers Private
| MahaRERA registration | P52100033888 |
| Registered on | 14 Mar 2022 |
| Promoter-declared completion | 31 Dec 2026 |
| Current status | Certificate Signed |
| Against today | 5 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, Magnite Developers Private is the promoter of record on 3 projects, of which none currently 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.
MahaRERA's cost filing puts construction at ~77.6% of the estimated project cost incurred as of the last certificate (₹355.12 Cr spent against a ₹457.91 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.
Of 1246 homes filed with MahaRERA, 1191 are sold/booked (1178 with registered agreements + 13 booked) and 55 remain available (~96% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹867.97 Cr in agreement value so far. Of that, ₹727.39 Cr (~84%) is already collected, ₹144.83 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 1191 registered agreements, the effective carpet rate is ₹9,037/sqft (typical range ₹8,739–₹9,670) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.
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+33 and 1246 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| TOWER 1 | 1 | G+30 | 205 | - |
| TOWER 2 | 1 | G+30 | 240 | - |
| TOWER 3 | 1 | G+33 | 208 | - |
| TOWER 4 | 1 | G+33 | 156 | - |
| TOWER 5 | 1 | G+33 | 160 | - |
| TOWER 6 | 1 | G+33 | 117 | - |
| TOWER 7 | 1 | G+33 | 160 | - |
Unit mix on the filing: 1225 residential and 21 non-residential (shops/offices).
14 complaints are on the MahaRERA record for this project, with orders passed in 10. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC005000000259266 | 09/08/2023 | Sandeep Dadasaheb YADAV vs Jitendra wani (A52100028983) | order passed |
| CC005000000340893 | 05/05/2024 | Sandeep Dadasaheb YADAV vs Magnite Developers Private Limited | order passed |
| CC005000000310468 | 24/02/2024 | MAGNITE DEVELOPERS PRIVATE LIMITED vs SALIM ILIYAS ANSARI | order passed |
| CC005000000310469 | 24/02/2024 | MAGNITE DEVELOPERS PRIVATE LIMITED vs PARVEZ JAHANGIR KHAN | order passed |
| CC005000000340666 | 27/03/2024 | MAGNITE DEVELOPERS PRIVATE LIMITED vs SNEHAL MUKUND THAKAR | order passed |
| CC005000000340667 | 27/03/2024 | MAGNITE DEVELOPERS PRIVATE LIMITED vs SAVITA RANBA SONAWANE | order passed |
| CC12600485 | 27/01/2026 | Bhushankumar Navanath Pawar vs MAGNITE DEVELOPERS PRIVATE LIMITED | pending / no order on file |
| CC12600486 | 27/01/2026 | Bhushankumar Navanath Pawar vs MAGNITE DEVELOPERS PRIVATE LIMITED | pending / no order on file |
| CC12600709 | 07/02/2026 | MAGNITE DEVELOPERS PRIVATE LIMITED vs Parvez Jahagir Khan | order passed |
| CC12600710 | 07/02/2026 | MAGNITE DEVELOPERS PRIVATE LIMITED vs SALIM ILIYAS ANSARI | order passed |
| CC12600711 | 07/02/2026 | MAGNITE DEVELOPERS PRIVATE LIMITED vs SAVITA RANBA SONAWANE | order passed |
| CC12600712 | 07/02/2026 | MAGNITE DEVELOPERS PRIVATE LIMITED vs SNEHAL MUKUND THAKAR | order passed |
| CC12603999 | 27/06/2026 | Mitul Nitin Shah vs MAGNITE DEVELOPERS PRIVATE LIMITED | pending / no order on file |
| CC12604054 | 29/06/2026 | Ravindra Hindurao Jagadale vs MAGNITE DEVELOPERS PRIVATE LIMITED | pending / no order on file |
The promoter has declared 2 court cases on this project to MahaRERA. 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 |
|---|---|---|---|
| Commercial Court Pune | 446 | 2020 | Disposed As Withdrawn |
| Commercial Court Pune | 25 | 2022 | Disposed As Withdrawn |
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.
| From (declared) | To (revised) | Stated reason |
|---|---|---|
| 30 Mar 2026 | 31 Dec 2026 | While applying for project registration, project validity date was wrongly written as 30.03.2026 instead of 31.12.2026. We are applying for an extension to rectify this error an |
Located at HINJEWADI, HINJEWADI MANN ROAD, Haveli, Pune, 411057. Per the filed land record, the plot is bounded to the north by 45M WIDE ROAD, to the south by S NO 210 PART AND 215 PART, to the east by TOWER 8 AND TOWER 9 and to the west by 30 M WIDE ROAD. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.
🔒 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 VTP BELLISSIMO PHASE 1?
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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Magnite Developers Private Limited is the promoter on 3 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