Prasanna Developers
MahaRERA Property Intelligence · Pune
P52100029394 · Sus · promoter Prasanna Developers
| MahaRERA registration | P52100029394 |
| Registered on | 29 May 2021 |
| 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, Prasanna Developers is the promoter of record on 23 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 ~96.3% of the estimated project cost incurred as of the last certificate (₹150.65 Cr spent against a ₹156.41 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 361 homes filed with MahaRERA, 354 are sold/booked (353 with registered agreements + 1 booked) and 7 remain available (~98% sold) — nearly sold out — little inventory left, so you're buying into an established buyer base. Buyers have committed ₹237.30 Cr in agreement value so far. Of that, ₹219.90 Cr (~93%) is already collected, ₹17.40 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 354 registered agreements, the effective carpet rate is ₹8,897/sqft (typical range ₹8,459–₹9,403) — 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 23 | 2306 | 618 sqft (57.46 sqm) | ₹32.06 Lakh |
| Floor 24 | 2401 | 622 sqft (57.83 sqm) | ₹32.27 Lakh |
| Floor 25 | 2501 | 622 sqft (57.83 sqm) | ₹32.27 Lakh |
| Floor 26 | 2605 | 911 sqft (84.64 sqm) | ₹47.23 Lakh |
| Ground/Floor 0 | 2 | 1,739 sqft (161.6 sqm) | ₹90.17 Lakh |
| Ground/Floor 0 | 4 | 898 sqft (83.41 sqm) | ₹46.54 Lakh |
| Ground/Floor 0 | 5 | 852 sqft (79.18 sqm) | ₹44.18 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+30 and 361 homes are registered across the project.
| Building | Wings | Floors | Homes | Declared completion |
|---|---|---|---|---|
| Tower 2 | 1 | G+30 | 209 | - |
| Tower 3 | 1 | G+30 | 152 | - |
Unit mix on the filing: 356 residential and 5 non-residential (shops/offices).
8 complaints are on the MahaRERA record for this project, with orders passed in 1. An adjudicated complaint is the clearest evidence of how this promoter behaves when pushed — read the orders in full.
| Complaint no. | Filed | Parties | Status |
|---|---|---|---|
| CC005000000471504 | 12/08/2024 | Prasanna Developers vs KRUSHNA PRALHADRAO SHINDE | order passed |
| CC12600099 | 07/01/2026 | Pranav Jagannath Mahajan vs PRASANNA DEVELOPERS | pending / no order on file |
| CC12601944 | 02/04/2026 | Rohan Atul Gondkar vs PRASANNA DEVELOPERS | pending / no order on file |
| CC12603950 | 25/06/2026 | Rahul Verma vs PRASANNA DEVELOPERS | pending / no order on file |
| CC12603074 | 23/05/2026 | Vishal Kumar vs PRASANNA DEVELOPERS | pending / no order on file |
| CC12603000 | 21/05/2026 | Rohit Sahebrao Surwase vs PRASANNA DEVELOPERS | pending / no order on file |
| CC12603421 | 03/06/2026 | Avinash Purushottam Khadse vs PRASANNA DEVELOPERS | pending / no order on file |
| CC12604018 | 28/06/2026 | Shrishail Mahanad vs PRASANNA DEVELOPERS | 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 |
|---|---|---|---|
| Cjsd, Pune | 214 | 2023 | Ongoing |
| Ddr, Pune | 45 | 2023 | Closed |
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 |
|---|---|---|
| 31 Dec 2025 | 31 Dec 2026 | As per order of the Hon'ble Chairman (MahaRERA) Dated 23/01/2026 we request you kindly to grant us extension till 31/12/2026. |
Located at Sus, Baner sus road, Haveli, Pune, 411021. Per the filed land record, the plot is bounded to the north by Drive way and Tower 4, to the south by Tower 1, to the east by Drive way and podium open space and to the west by Drive way and 30m 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 SIERRA PHASE-2?
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
Scan with any UPI app to pay · quietlist@kotak
Unit Guidance Report · ₹2,999
Everything, down to which unit · 1 working day
Not useful to your decision? Full refund — no questions asked.
Scan with any UPI app to pay · quietlist@kotak
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.
Free · Watch this project
We'll email you when this project's RERA record changes.
Prasanna Developers is the promoter on 7 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