Home / Browse projects / Pune, Maharashtra / Megapolis Mystic Phase 2
Megapolis Mystic Phase 2
By Pegasus Properties Pvt. Ltd.
RG-MH-09472 · RERA P52100001391 · Last updated on MahaRERA portal: 15 Apr 2023
Source: official MahaRERA filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- Recorded completed on MahaRERA
Nothing adverse is on this record. The buyer report still reads the filed documents themselves, and places this filing against the promoter's 16 other registrations and every project registered within 2 km.
See what the report covers Free either way: or have every new Pune registration emailed to you, free during the pilot beta.Saved. When you are ready to decide, the Rs 499 buyer report reads the fine print for you.
Megapolis Mystic Phase 2 is a Residential / Group Housing project by Pegasus Properties Pvt. Ltd. in Pune, Maharashtra, registered with MahaRERA as P52100001391 on 27 Jul 2017. The registration is recorded completed; possession was promised by 1 Mar 2020.
At a glance
Project
- NameMegapolis Mystic Phase 2
- TypeResidential / Group Housing
- Location
- Megapolis Spleandour Road
- Hinjewadi
- Hinjavadi (CT)
- Mulshi
- Pune
- 411057
- Pincode411057
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100001391
- ReraGenie IDRG-MH-09472
Builder
- NamePegasus Properties Pvt. Ltd.
- Entity typeCompany
- CINU70102PN2007FTC129540
- CIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
- Managing DirectorManoj Praveenchandra Shah
- DirectorYogesh Yashwant Bhave
- Other registrations16 more →
- Completed13 of 17
- No longer live2 lapsed, de-registered or revoked
- Declared earlier projects13 →
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on27 Jul 2017
- Promised completion1 Mar 2020
- Revised completionNone
- Buildings2 building records
- Documents filed28 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Type 4A Wing D | NA | 25 | 0 | 0 | 0 | 0 |
| Type 2A Wing E | NA | 25 | 0 | 0 | 0 | 0 |
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 building2
As on 15 Apr 2023, 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.
20 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Podiums (if any), at 0%.
Type 4A Wing D91%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| 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% |
Type 2A Wing E91%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 0% |
| Plinth | 100% |
| Stilt Floor | 100% |
| 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 15 Apr 2023, 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 | Yes | 100% |
| 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 | Yes | 100% |
| 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 | Yes | 100% |
| Open Parking | Yes | 100% |
Parking filed299
Slots recorded per building wing in the filing. MahaRERA does not publish a two wheeler or four wheeler split, visitor parking, or the sanctioned allotment, so this is provision as filed and not a comparison against the approved plan.
| Building | Closed/Covered | Open Space | Total |
|---|---|---|---|
| Type 4A Wing D | 152 | 18 | 170 |
| Type 2A Wing E | 125 | 4 | 129 |
Land and ownership
MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
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.
Certifying professionals and partners4
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Ar Anil Madhusudan Kulkarni |
| Engineer | Narayan Hanmantgad |
| Chartered Accountant | Supriya Abhijit Mundada |
| Chartered Accountant | MSKA & Associates |
| Partner | Role in project |
|---|---|
| Pegasus Properties Pvt. Ltd. | - |
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 6 Aug 2020 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 20 Jul 2017 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 20 Jul 2017 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 20 Jul 2017Confirm the Commencement Certificate covers the specific floor you are buying. - Occupancy CertificateOn 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.
uploaded 15 Apr 2023
Documents filed28
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath. 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 |
|---|---|
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: 170929_OC_E.pdf | 15 Apr 2023 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: 190627_OC_D.pdf | 15 Apr 2023 |
| Certificates of Architect (Form 4)File: 230412_Arch Certificate_Form 4.pdf | 15 Apr 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: 2 Certificates of CA (Form 5).pdf | 19 Jan 2023 |
| Status of Formation of Legal Entity (Society/Co Op etc.)File: 5_Megapolis Mystic.pdf | 21 Oct 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: 5_Megapolis Mystic Phase II_compressed.pdf | 21 Dec 2020 |
| Copy of the legal title reportFile: 200804_Continuation Title Opinion.pdf | 6 Aug 2020 |
| Certificates of CA (Form 5)File: 190928_Form 5_Annual Audit Report_compressed.pdf | 28 Sep 2019 |
| Certificates of CA (Form 5)File: 180929_Form 5_Mystic_Phase II.pdf | 17 Oct 2018 |
| Copy of the legal title reportFile: 2_Mystic_Continuation Legal Title Report.pdf | 10 Jul 2018 |
| Proforma of Allotment letterFile: 5_Mystic - D and E_Revised Allotment and Agreement.pdf | 7 Jun 2018 |
| Certificates of Architect (Form 4)File: Mystic_E_Form 4_Architect Certificate.pdf | 27 Apr 2018 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Megapolis Mystic_Architect's certificate.pdf | 18 Oct 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Megapolis Mystic_Engineer's Certificate.pdf | 18 Oct 2017 |
| Certificates of CA (Form 3)File: Mystic_CA Certificate.pdf | 18 Oct 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: 7_Mystic_Architect Certificate.pdf | 22 Jul 2017 |
| Certificates of CA (Form 3)File: 8_Mystic_CA Certificate.pdf | 22 Jul 2017 |
| Proforma of Allotment letterFile: 5_Mystic_Allotment and Agreement.pdf | 22 Jul 2017 |
| Building plan approvalFile: 13_Mystic_Building Plans.pdf | 20 Jul 2017 |
| Layout approvalFile: 4_Mystic_Sanctioned Layout.pdf | 20 Jul 2017 |
| Copy of the legal title reportFile: 2_Mystic _Legal Title Opinion.pdf | 20 Jul 2017 |
| Copy of Layout Approval (in case of layout)File: 4_Mystic_Sanctioned Layout.pdf | 20 Jul 2017 |
| Building Plan Approval (IOD)File: 13_Mystic_Building Plans.pdf | 20 Jul 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: 12_Mystic_Commencement Certificate.pdf | 20 Jul 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: 11_Mystic_Engineer's Certificate.pdf | 20 Jul 2017 |
| PAN CardFile: 1_Pegasus_Pan Card.PDF | 18 Jul 2017 |
| Details of encumbrancesFile: 3_Mystic_Encumberances.pdf | 18 Jul 2017 |
| Declaration in FORM BFile: 6_Mystic_Form B Declaration.pdf | 18 Jul 2017 |
Promoter's earlier projects13
As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.
| Project | Location | Flats | Status | Promised | Delivered |
|---|---|---|---|---|---|
| Megapolis Saffron - Shops | Hinjewadi | 33 | Completed | Dec 2024 | Apr 2024 |
| Megapolis Saffron -A3 to A9 | Hinjewadi | 380 | Completed | Jun 2024 | May 2024 |
| Megapolis Springs - A | Hinjewadi | 52 | Completed | Mar 2024 | Oct 2023 |
| Megapolis Springs - B and F | Hinjewadi | 156 | Completed | Mar 2023 | Nov 2022 |
| Megapolis Springs - C | Hinjewadi | 52 | Completed | May 2022 | Sep 2021 |
| Megapolis springs - D and E | Hinjewadi | 156 | Completed | Apr 2022 | Sep 2021 |
| Megapolis Symphony Phase I | Hinjewadi | 294 | Completed | Jan 2022 | Sep 2020 |
| Megapolis Mystic Phase II | Hinjewadi | 214 | Completed | Mar 2020 | Jun 2019 |
| Megapolis Mystic - C | Hinjewadi | 86 | Completed | Dec 2019 | Nov 2019 |
| Sangria | Hinjewadi | 1,075 | Completed | Oct 2015 | Feb 2015 |
| Splendor | Hinjewadi | 1,176 | Completed | Mar 2015 | Late, Nov 2015 |
| Sunway | Hinjewadi | 1,176 | Completed | Jul 2013 | Late, May 2014 |
| Sparklet | Hinjewadi | 1,184 | Completed | Mar 2013 | Late, Apr 2013 |
Comparing a few projects?
You have opened several on ReraGenie. A free account keeps them in one list with their booking and possession figures, and puts two to six of them side by side.
How this compares with Pune
Computed across the 13,700+ Pune projects on ReraGenie, from their own filings.
Free monthly report: Pune on MahaRERA, month by month. What registered each month, this city against the other six, the possession pipeline and the pincode micro-markets, from these same filings.
Buyer report
Useful on a completed registration when you are buying resale, or checking what was promised against what was delivered.
- Red flags and clear checks, the possession story, sanctions and sales, land and title, who you are dealing with
- Joined against the promoter's 16 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 28 filed documents as one ZIP, foldered, with a manifest
Keep Megapolis Mystic Phase 2 on your shortlist
Saving puts this project on your dashboard with its booking and possession figures, ready to place side by side with up to five others. A free account also gets our weekly market digest by email.
Other projects near Hinjewadi13,700+ in Pune
Filed coordinates, straight-line distance. 54 registered projects within 2 km.
Godrej Evergreen Square
Godrej Projects Development Limited
The Aqua Retreat at Godrej Park World
Maan-Hinje Township Developers Private Lim
The Gale at Godrej Park World
Maan-Hinje Township Developers LLP
VTP BELLISSIMO PHASE 1
MAGNITE DEVELOPERS PRIVATE LIMITED
Life Republic Sector R1 - 1st Avenue
KOLTE-PATIL DEVELOPERS LIMITED
The Greenfront at Godrej Park World
Maan Hinje Township Developers Private Lim
Builder: Pegasus Properties Pvt. Ltd.
Pegasus Properties Pvt. Ltd. has 17 registrations on MahaRERA, including Megapolis Symphony Phase I and Megapolis Mystic Phase 2. Its filings disclose 13 earlier MahaRERA projects: declares 10 of 13 past projects completed on time. Litigation is declared on 4 of its registrations. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if Megapolis Mystic Phase 2 is delayed beyond 1 Mar 2020?
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 Megapolis Mystic Phase 2?
The registered promoter entity is Pegasus Properties Pvt. Ltd., a company as per the filing. Its CIN U70102PN2007FTC129540 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 Megapolis Mystic Phase 2?
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 Megapolis Mystic Phase 2?
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 Megapolis Mystic Phase 2?
The professionals named in the filing: Architect: Ar Anil Madhusudan Kulkarni; Engineer: Narayan Hanmantgad; Chartered Accountant: Supriya Abhijit Mundada; Chartered Accountant: MSKA & Associates. 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 Megapolis Mystic Phase 2?
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; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.
Get the buyer report · Rs 499 See a real one first
Studying this micro-market rather than buying a flat? The developer project analysis, Rs 2,999, maps every registration within 5 km from filed coordinates, reads what this market absorbs, prices the parcel and takes the promoter's whole book apart. See a complete sample.
Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on MahaRERA, and we read every report.
Report an error Share feedback