Home / Browse projects / Pune, Maharashtra / Blue Sapphire Business Park
Blue Sapphire Business Park
RG-MH-04668 · RERA P52100019991 · Last updated on MahaRERA portal: 25 Feb 2026
Source: official MahaRERA filing
Red flags
- Completion date moved by 24 months
- 2 extensions taken
Clear
- No litigation declared
- No complaints on record
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
2 conditions are on this record. What each one means for someone buying here, and what the promoter's own filed documents say behind it, is what the buyer report adds.
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Blue Sapphire Business Park is a Commercial project by Mangaldeep Associates in Pune, Maharashtra, registered with MahaRERA as P52100019991 on 15 Mar 2019. The registration is recorded completed; possession was promised by 29 Dec 2025. The completion date has moved by 24 months from the original filing. 40 of the 102 units on this registration are recorded sold or booked, and 9 of 11 construction stages are filed complete.
At a glance
Project
- NameBlue Sapphire Business Park
- TypeCommercial
- Location
- Pimple Saudagar
- Pimpale Saudagar
- Haveli
- Pune
- 411027
- Pincode411027
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100019991
- ReraGenie IDRG-MH-04668
Builder
- NameMangaldeep Associates
- Entity typePartnership
- GSTIN27ABJFM3201B1ZU
- GSTIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
- PartnersChandan Khemchand Nathani, Meher Chandan Nathani
- Other registrations2 more →
- Completed1 of 3
- No longer live1 lapsed, de-registered or revoked
- Declared earlier projects2 →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on15 Mar 2019
- Promised completion29 Dec 2025
- Revised completionRevised to 29 Dec 2025 (originally 30 Dec 2023)
- Buildings1 building record
- Documents filed85 files
Current status
Figures as on 25 Feb 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Commercial Building | NA | 9 | 7 | 0 | 102 | 102 |
The full filing
Everything below is from the project's own MahaRERA filing, free to read. The Rs 499 buyer report reads the filed documents themselves and puts the findings in plain language.
Construction progress by building1
As on 25 Feb 2026, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
9 of 11 construction stages are filed complete. The stage furthest along is Podiums (if any), at 0%.
Commercial Building: 82% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 100% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 100% |
| Sanitary Fittings within the flats / premises | 100% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 100% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 100% |
| Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as per CFO NOC, Electrical fittings, mechanical equipment, compliance to conditions ofenvironment/CRZ NOC, Finishing to entrance lobby/s, plinth protection. paving of areas appurtenant to Building/Wing, Compound Wall and all other requirements as may be required to complete project as per specifications in agreement of Sale. | 100% |
Progress on shared amenities15
As on 25 Feb 2026, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | No | Not applicable |
| Water Supply | Yes | 100% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 100% |
| Street Lighting | Yes | 100% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 100% |
| Solid Waste Management And Disposal | Yes | 100% |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | Yes | 100% |
| Fire protection and fire safety requirements | Yes | 100% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | No | Not applicable |
| Open Parking | No | Not applicable |
Land and ownership2
MahaRERA does not publish landowner contact details. Declared none is the promoter's own declaration to the regulator, not a title search. A search at the sub-registrar is what confirms it.
| Landowner | Village | District |
|---|---|---|
| Nandkumar Kisan Kate | Pimpale Saudagar | Pune |
| Kisan Nathuba Kate | Pimpale Saudagar | Pune |
Approvals and building plan
Project account and cost
70 percent of buyer money must sit in the project account. Account numbers are not published by MahaRERA, so check that your agreement for sale names a designated account for this project and pay into that account only.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| Commercial Building | NA | Rs 60.00 cr | Rs 26.02 cr |
| - | NA | Rs 3.50 cr | Rs 1.49 cr |
Certifying professionals and partners6
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Sachin Sutar (Unusual Space ) |
| Engineer | Hansal Parekh & Associates |
| Engineer | DDAYANAND KAMBLE |
| Chartered Accountant | NPSR & Associates - CA. Vivek Lahoti |
| Chartered Accountant | NPSR & Associates |
| Chartered Accountant | CA Ganesh Lahoti |
| Partner | Role in project |
|---|---|
| Mangaldeep Associates | - |
Extensions applied for2
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterRespected Sir, We have registered our project “Blue Sapphire Business Park” as on 30th December 2023. At the time of registration we had given expected date of project completion as 30th December 2023. However we won’t be able to obtain completion certificate till that date due to some legal formalities that are taking some time. We request you to grant us the extension of 1year (i.e. upto 29th December 2024) so that we may complete our project and obtain Completion Certificate
Reason as filed by the promoterAt the time of registration we had given expected date of project completion as 30th December 2024. However we won’t be able to obtain completion certificate till that date due to some legal formalities that are taking some time. We request you to grant us the extension of 1year (i.e. upto 29th December 2025) so that we may complete our project and obtain Completion Certificate.
Complaints filed with MahaRERA
No complaints on record against this registration.
The permission chain
The permissions a project needs, in the order they happen, matched to MahaRERA's own document slots. A slot on the file means the promoter uploaded a document there; it is not proof the permission was granted, and the filing carries no issue dates. An empty slot is not proof an approval is missing.
- Legal title reportOn the file
A lawyer's report on who owns the land and what is registered against it.
uploaded 7 Mar 2019 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 6 Mar 2019 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 6 Mar 2019 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 6 Mar 2019Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateNot on the file
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
Documents filed85
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath; the newest 80 of 85 are shown. The files themselves are available at source: open this registration on the MahaRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Occupational CertificateFile: Approved Layout.pdf | 25 Feb 2026 |
| Withdrawal Update Form 1File: Form 1.pdf | 4 Feb 2026 |
| Withdrawal Update Form 2File: form 2.pdf | 4 Feb 2026 |
| Withdrawal Update Form 3File: form 3 singh_1_11zon.pdf | 4 Feb 2026 |
| Occupational CertificateFile: completion blue sapphire Saudagar (3).pdf | 4 Feb 2026 |
| Occupational CertificateFile: Email.pdf | 4 Feb 2026 |
| Withdrawal Update Form 1File: Form 1.pdf | 20 Jan 2026 |
| Withdrawal Update Form 1File: Form 1.pdf | 20 Jan 2026 |
| Withdrawal Update Form 2File: BSBP - Form 2 Engineer Certificate Q1.pdf | 20 Jan 2026 |
| Withdrawal Update Form 2File: BSBP Q2.pdf | 20 Jan 2026 |
| Withdrawal Update Form 3File: Form 3 BSBP Q1 (2)_11zon.pdf | 20 Jan 2026 |
| Withdrawal Update Form 3File: FORM 3 sign_11zon.pdf | 20 Jan 2026 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: FORM 1.pdf | 9 May 2025 |
| Certificates of CA (Form 3)File: FORM -3 BSBP Q4 Sign_compressed.pdf | 9 May 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: BSBP - Form 2 Engineer Certificate 31-03-2025.pdf | 9 May 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: BSBP - Form 2 Engineer Certificate 31122024.pdf | 5 Mar 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1 31032024.pdf | 18 Feb 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1 30092024.pdf | 18 Feb 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1 31122024.pdf | 18 Feb 2025 |
| Certificates of CA (Form 3)File: Form 3_compressed.pdf | 18 Feb 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: BSBP - Form 2 Engineer Certificate 31122024.pdf | 18 Feb 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: Form 2A - 31032024_compressed.pdf | 18 Feb 2025 |
| CERSAI detailsFile: CERSAI_Search_Report_200340301691_For_Asset_Based_Search_15_02_2025_16_47_14_045.pdf | 15 Feb 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A Chandan.pdf | 15 Feb 2025 |
| Declaration in FORM BFile: FORM -B_compressed.pdf | 18 Dec 2024 |
| Certificates of CA (Form 3)File: Form 3 BSBP Q1_compressed.pdf | 18 Dec 2024 |
| Certificates of CA (Form 3)File: Form 3 BSBP Q2.pdf | 18 Dec 2024 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: BSBP - Form 2 Engineer Certificate 30062024.pdf | 18 Dec 2024 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: BSBP - Form 2 Engineer Certificate 30092024.pdf | 18 Dec 2024 |
| Disclosure of sold/ booked inventoryFile: DISLOSURE OF SOLD BOOKED INVENTORY_compressed.pdf | 18 Dec 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5 Balkrushna Apartment Sign.pdf | 29 Nov 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: Form 5 BSBP Sign.pdf | 29 Nov 2024 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate Form 1.pdf | 6 Aug 2024 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate Form 1.pdf | 6 Aug 2024 |
| Certificates of CA (Form 3)File: Form 3 BSBP Q3 Final_compressed.pdf | 6 Aug 2024 |
| Certificates of CA (Form 3)File: Form 3 Q4 Final_compressed.pdf | 6 Aug 2024 |
| Declaration in FORM BFile: DECLARTION FORM B_compressed.pdf | 4 Nov 2023 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1_compressed.pdf | 4 Nov 2023 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2.pdf | 4 Nov 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: Form 2A.pdf | 4 Nov 2023 |
| Disclosure of sold/ booked inventoryFile: Disclouser Sold_unsold.pdf | 4 Nov 2023 |
| Certificates of CA (Form 3)File: MANGALDEEP FORM -3_compressed.pdf | 4 Nov 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: BSBP - Form 5 2023.pdf | 1 Nov 2023 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Archtect Certificate_Form 1_Blue Sapphire.pdf | 13 Apr 2023 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: BSBP - Form 2 Engineer Certificate.pdf | 23 Jan 2023 |
| Form 2AFile: BSBP - Form 2A Engineer Certificate.pdf | 23 Jan 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: BSBP - Form 2A Engineer Certificate.pdf | 23 Jan 2023 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate Form 1_Blue Sapphire.pdf | 17 Jan 2023 |
| Details of encumbrances concerned to FinanceFile: Legal Encumbrances.pdf | 2 Jan 2023 |
| Details of encumbrances concerned to FinanceFile: Finance Encumbrances.pdf | 2 Jan 2023 |
| Details of encumbrances concerned to LegalFile: Legal Encumbrances.pdf | 2 Jan 2023 |
| Details of encumbrances concerned to LegalFile: Finance Encumbrances.pdf | 2 Jan 2023 |
| Declaration about Commencement CertificateFile: Declaration about CC.pdf | 2 Jan 2023 |
| Proforma of Allotment letterFile: Allotment Letter_11zon.pdf | 2 Jan 2023 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Declaration_compressed.pdf | 2 Jan 2023 |
| Deviation Report with respect to Allotment letterFile: Deviation wrt Allotment Letter.pdf | 2 Jan 2023 |
| Deviation Report with respect to model copy of AgreementFile: Detailed Deviation wrt Agreement_compressed.pdf | 2 Jan 2023 |
| Proforma of Agreement for saleFile: GetUserDocumentFileContent.pdf | 30 Dec 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Blue Sapphire Park_compressed.pdf | 18 Nov 2022 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Blue sapphire Business park_compressed.pdf | 5 Sep 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: Blue Sapphire Business Park.pdf | 28 Mar 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: blue supphire form5_compressed.pdf | 28 Mar 2022 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Engineer Certificate (Form 2).pdf | 9 Mar 2019 |
| Certificates of CA (Form 3)File: CA Certificate_compressed.pdf | 9 Mar 2019 |
| Details of encumbrancesFile: Encumbrances.pdf | 8 Mar 2019 |
| Declaration in FORM BFile: Form B - MA.pdf | 8 Mar 2019 |
| Proforma of Allotment letterFile: Proforma Allotment Letter_compressed.pdf | 8 Mar 2019 |
| Proforma of Allotment letterFile: Draft Agreement.pdf | 8 Mar 2019 |
| Copy of the legal title reportFile: Search Title Report - compressed.pdf | 7 Mar 2019 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Architect Certificate - Updated.pdf | 7 Mar 2019 |
| Form 2AFile: Engineer Certificate (Form 2A).pdf | 7 Mar 2019 |
| Layout approvalFile: Layout-compressed.pdf | 6 Mar 2019 |
| Building plan approvalFile: IOD-compressed.pdf | 6 Mar 2019 |
| Building plan approvalFile: IOD 1-compressed.pdf | 6 Mar 2019 |
| Building plan approvalFile: IOD 2-compressed.pdf | 6 Mar 2019 |
| Building plan approvalFile: IOD 3-compressed.pdf | 6 Mar 2019 |
| Building plan approvalFile: IOD 4-compressed.pdf | 6 Mar 2019 |
| PAN CardFile: PAN Card.pdf | 6 Mar 2019 |
| Copy of Layout Approval (in case of layout)File: Layout-compressed.pdf | 6 Mar 2019 |
| Building Plan Approval (IOD)File: IOD-compressed.pdf | 6 Mar 2019 |
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Buyer report
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- 2 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 2 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 85 filed documents as one ZIP, foldered, with a manifest
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Builder: Mangaldeep Associates
Mangaldeep Associates has 3 registrations on MahaRERA, including Blue Sapphire Business Park and Balkrushna Apartment. Its filings disclose 2 earlier MahaRERA projects: declares 2 of 2 past projects completed on time. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if Blue Sapphire Business Park is delayed beyond 29 Dec 2025?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, or exit and claim a full refund with interest. In Maharashtra the rate is SBI's highest MCLR plus 2 percent, currently 10.90% per annum (June 2026). The free delay interest calculator on ReraGenie puts a rupee figure on any delay. Claims are filed as MahaRERA complaints with a Rs 5,000 fee.
How do I verify and contact the developer of Blue Sapphire Business Park?
The registered promoter entity is Mangaldeep Associates, a partnership as per the filing. Its GSTIN 27ABJFM3201B1ZU can be cross-checked on the MCA and GST portals. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's MahaRERA listing (scan the QR code on any advertisement) and in its filed documents. The Rs 499 buyer report includes all of them as a single ZIP, foldered by type.
Is my payment protected in Blue Sapphire Business Park?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses; since July 2024 MahaRERA requires a three-account structure for collections. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
How current is the construction progress shown for Blue Sapphire Business Park?
Promoters must file a quarterly progress report within 20 days of each quarter end, certified by the architect (Form 1), engineer (Form 2) and chartered accountant (Form 3). The figures above come from the latest filing, so they can trail the site by up to a quarter. A promoter who stops filing QPRs altogether invites penalties under section 61, and a stale filing date is itself a warning sign worth checking on the portal.
Who certifies construction progress at Blue Sapphire Business Park?
The professionals named in the filing: Architect: Sachin Sutar (Unusual Space ); Engineer: Hansal Parekh & Associates; Engineer: DDAYANAND KAMBLE; Chartered Accountant: NPSR & Associates - CA. Vivek Lahoti; Chartered Accountant: NPSR & Associates; Chartered Accountant: CA Ganesh Lahoti. Their Form 1 (architect), Form 2 (engineer) and Form 3 (chartered accountant) certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in Blue Sapphire Business Park?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area (the model agreement allows only a 3 percent variation, with a refund right below that); that the agreement follows MahaRERA's model clauses with deviations highlighted; the promoter's record on their other projects, not just this one; why the completion date was revised and what the new timeline depends on. The Rs 499 buyer report works through all of them from the filings.
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