Pune/Project record

MahaRERA · the public record

VTP BELLISSIMO PHASE 1

HINJEWADI · MAGNITE DEVELOPERS PRIVATE LIMITED

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55units filed as unsoldInventory · 18 September 2026
31 Dec 2026declared completionMahaRERA registration · read 12 Jul 2026
1,246registered unitsMahaRERA registration · read 12 Jul 2026

The record · free to read

Registration read 12 Jul 2026

Progress & dates

The timeline on file.

Available record

No construction trend to plot.

The records used for this page do not supply a series of construction percentages. This does not establish whether possession has been given.

declared completion

31 Dec 2026

The registered date and a construction update answer different questions. Neither is a confirmation of possession.

MahaRERA registration · read 12 Jul 2026

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The source record

The details behind the headline.

MahaRERA · P52100033888

Delivery and registration

When is the project declared for completion?

VTP BELLISSIMO PHASE 1 is registered with MahaRERA as P52100033888 and the promoter has declared completion for 31 Dec 2026.

31 Dec 2026

declared completion

3months to go

against the declared date

The completion date and status as they stand on the MahaRERA registration record.

Source · MahaRERA project registration · read 12 Jul 2026

MahaRERA registrationP52100033888
Registered on14 Mar 2022
Promoter-declared completion31 Dec 2026
Current statusCertificate Signed
Against today3 months to the declared date

Approvals and compliance

What compliance filings are on record?

MahaRERA's defaulter and deregistration lists and the quarterly-progress filing for VTP BELLISSIMO PHASE 1 record 17 quarterly progress reports since registration.

Entries as they appear on MahaRERA's own lists and the project's progress filing.

Source · MahaRERA defaulter, deregistration and QPR lists · read 12 Jul 2026

  • Filing progress reports — 17 quarterly progress reports on record since registration, with no current default.

Promoter record

What else is this promoter on record for?

Magnite Developers is the promoter of record on 3 projects registered with MahaRERA, none of which carry a MahaRERA regulator flag (insolvency, deregistration, completion lapse or QPR default).

3projects

registered with MahaRERA

0flagged

by MahaRERA

Counted across Quietlist's full MahaRERA register store, matched on the promoter name as it appears on each filing.

Source · MahaRERA register, all projects · read 12 Jul 2026

Construction

How much construction cost has been reported?

In VTP BELLISSIMO PHASE 1, ₹355.12 Cr of a declared ₹457.91 Cr estimated project cost is reported as incurred, about 77.6%, as at the last certified filing with MahaRERA.

77.6%

₹355.12 Cr

of ₹457.91 Cr declared cost

Cost incurred as last certified to MahaRERA. It is a financial measure, not a survey of site work, and it can lag on-site reality between filings.

Source · MahaRERA quarterly progress filing · read 12 Jul 2026

Sales

How much has actually been sold?

In VTP BELLISSIMO PHASE 1, 1,191 of 1,246 homes filed with MahaRERA are recorded as sold or booked (1,178 with registered agreements and 13 booked), about 96%, and 55 remain available.

96%sold

1,191 of 1,246 homes

₹867.97 Cr

committed by buyers

Counts and agreement value as the promoter filed them at the last compliance date; this is the filed inventory, not current availability. Of that agreement value, ₹727.39 Cr (about 84%) is recorded as collected and ₹144.83 Cr as receivable.

Source · MahaRERA sold/unsold inventory filing · read 12 Jul 2026

What buyers actually paid: across 1191 registered agreements, the effective carpet rate is ₹9,037/sqft, with eight in ten falling between ₹8,739 and ₹9,670 — computed from the agreement values and carpet areas the promoter filed, not broker quotes.

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing.

What the filings record, home by home

Read from MahaRERA on 18 September 2026

MahaRERA publishes, home by home, what this promoter filed: which homes are sold and which are not, the RERA carpet area of each, and for the sold ones the registered agreement value — the consideration filed for that specific home. On this project 1191 homes carry one, and 55 of the 1246 are recorded unsold.

Here is one of those unsold homes, priced against what buyers of the same home on other floors actually filed:

HomeCarpetFiled for the same home on other floorsBased on
005619 sqftRs 55.10 lakh typical, over Rs 52.40 lakh to Rs 59.83 lakh29 filed on this stack, floors 1–29

A filed consideration is what was registered for one home. It is not a valuation, and MahaRERA does not publish the date of any of these agreements — read a range as a spread, not as a trend. An unsold row means no sale had been filed for it when we looked, which is a filing state, not a promise that the home is available to you today. Only one observation of this ledger so far: no change can be reported yet. This observation is an archived copy whose time is the moment the file was written, not a portal fetch time.

In VTP BELLISSIMO PHASE 1, every one of the 55 unsold homes has agreements filed on its own stack. The Price Comparison Report gives each of them its own row — the filed agreements behind that stack listed in full, the government reckoner value the promoter filed against it, and whether it is mortgaged to a lender while still on the unsold list. Built from the filing itself, sent by email.

See the other 54 homes — ₹2,999 →

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+33 and 1246 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
TOWER 11G+30205-
TOWER 21G+30240-
TOWER 31G+33208-
TOWER 41G+33156-
TOWER 51G+33160-
TOWER 61G+33117-
TOWER 71G+33160-

Unit mix on the filing: 1225 residential and 21 non-residential (shops/offices).

Legal and disputes

What disputes are disclosed?

14 complaints are on the MahaRERA record for VTP BELLISSIMO PHASE 1, with orders passed in 10 of them.

14complaints

10with an order

Counts as disclosed in the project record.

Source · MahaRERA project disclosures · read 12 Jul 2026

Complaint no.FiledPartiesStatus
CC00500000025926609/08/2023Sandeep Dadasaheb YADAV vs Jitendra wani (A52100028983)order passed
CC00500000034089305/05/2024Sandeep Dadasaheb YADAV vs Magnite Developers Private Limitedorder passed
CC00500000031046824/02/2024MAGNITE DEVELOPERS PRIVATE LIMITED vs SALIM ILIYAS ANSARIorder passed
CC00500000031046924/02/2024MAGNITE DEVELOPERS PRIVATE LIMITED vs PARVEZ JAHANGIR KHANorder passed
CC00500000034066627/03/2024MAGNITE DEVELOPERS PRIVATE LIMITED vs SNEHAL MUKUND THAKARorder passed
CC00500000034066727/03/2024MAGNITE DEVELOPERS PRIVATE LIMITED vs SAVITA RANBA SONAWANEorder passed
CC1260048527/01/2026Bhushankumar Navanath Pawar vs MAGNITE DEVELOPERS PRIVATE LIMITEDpending / no order on file
CC1260048627/01/2026Bhushankumar Navanath Pawar vs MAGNITE DEVELOPERS PRIVATE LIMITEDpending / no order on file
CC1260070907/02/2026MAGNITE DEVELOPERS PRIVATE LIMITED vs Parvez Jahagir Khanorder passed
CC1260071007/02/2026MAGNITE DEVELOPERS PRIVATE LIMITED vs SALIM ILIYAS ANSARIorder passed
CC1260071107/02/2026MAGNITE DEVELOPERS PRIVATE LIMITED vs SAVITA RANBA SONAWANEorder passed
CC1260071207/02/2026MAGNITE DEVELOPERS PRIVATE LIMITED vs SNEHAL MUKUND THAKARorder passed
CC1260399927/06/2026Mitul Nitin Shah vs MAGNITE DEVELOPERS PRIVATE LIMITEDpending / no order on file
CC1260405429/06/2026Ravindra Hindurao Jagadale vs MAGNITE DEVELOPERS PRIVATE LIMITEDpending / no order on file

Legal & Litigation

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 home. This is declared by the promoter; there may be further cases not on the RERA record.

CourtCase no.YearStatus
Commercial Court Pune4462020Disposed As Withdrawn
Commercial Court Pune252022Disposed As Withdrawn

Deadline Extensions

The MahaRERA completion deadline for this project has been formally extended 1 time, as recorded on the register.

FromExtended toStated reason
as registered31 Dec 2026While 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

Location, Land & Connectivity

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. These are the boundaries as recorded in the filed land record.

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Builder track record

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).

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Other RERA-registered projects in Pune

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VTP Bellissimo Phase 3
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VTP Cielo Mhada
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VTP Cygnus Building T11
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Vtp Cygnus- Nation R1-Tower 9
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VTP Dolce Vita Phase 1
possession by Dec 2028 · Ashdan Developers Private Limited

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: 20 Sep 2026