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Megapolis Saffron - Shops
By Pegasus Properties Pvt. Ltd.
RG-MH-73676 · RERA P52100034988 · Last updated on MahaRERA portal: 8 Aug 2025
Source: official MahaRERA filing
Red flags
- Completion date moved by 12 months
- 1 extension taken
Clear
- No litigation declared
- No complaints on record
- 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.
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 Saffron - Shops is a Commercial project by Pegasus Properties Pvt. Ltd. in Pune, Maharashtra, registered with MahaRERA as P52100034988 on 28 Apr 2022. The registration is recorded completed; possession was promised by 30 Dec 2024. The completion date has moved by 12 months from the original filing.
At a glance
Project
- NameMegapolis Saffron - Shops
- TypeCommercial
- Location
- MIDC Road
- Rajiv Gandhi Infotech Park Phase 3
- Hinjavadi (CT)
- Mulshi
- Pune
- 411057
- Pincode411057
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100034988
- ReraGenie IDRG-MH-73676
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 on28 Apr 2022
- Promised completion30 Dec 2024
- Revised completionRevised to 30 Dec 2024 (originally 31 Dec 2023)
- Buildings6 building records
- Documents filed85 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| A3 | NA | 1 | 0 | 0 | 0 | 0 |
| A4 | NA | 1 | 0 | 0 | 0 | 0 |
| A5 | NA | 1 | 0 | 0 | 0 | 0 |
| A6 | NA | 1 | 0 | 0 | 0 | 0 |
| A7 | NA | 1 | 0 | 0 | 0 | 0 |
| A8 | NA | 1 | 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 building6
As on 8 Aug 2025, 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.
48 of 66 construction stages are filed complete across 6 buildings. The stage furthest along is Podiums (if any), at 0%.
A373%
| 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 | 0% |
| 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% |
A473%
| 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 | 0% |
| 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% |
A573%
| 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 | 0% |
| 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% |
A673%
| 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 | 0% |
| 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% |
A773%
| 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 | 0% |
| 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% |
A873%
| 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 | 0% |
| 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 8 Aug 2025, 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 | No | Not applicable |
| 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 | 0% |
| Water conservation /Rain water harvesting | Yes | 100% |
| Energy managemcnt | Yes | 0% |
| 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 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 partners3
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Anil Madhusudan Kulkarni |
| Engineer | Suneel Kulkarni |
| Chartered Accountant | Supriya Abhijit Mundada |
| Partner | Role in project |
|---|---|
| Pegasus Properties Pvt. Ltd. | - |
Extensions applied for1
A revised date filed with the regulator does not change the possession date in your agreement for sale.
Reason as filed by the promoterWe are not able to complete our project as planned due to Slowdown of construction activity due to lockdowns imposed to control COVID 19 outbreak and very slow recovery thereafter.
Litigation declared1
| Case | Court | Status |
|---|---|---|
| 691/2022 | Civil Judge Senior Division Pune | Pending |
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 Oct 2023 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 21 May 2024 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 21 May 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 21 May 2024Confirm 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 25 May 2024
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: OC_merged.pdf | 8 Aug 2025 |
| Occupational CertificateFile: OC.pdf | 9 Jun 2025 |
| Architect’s Certificate on Completion of Project (Form 4)File: 240610_Form 4_R1.pdf | 5 Dec 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: M_Saffron - Shops_A3 to A8.pdf | 17 Oct 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Arch Certificate.pdf | 20 Jul 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 20 Jul 2024 |
| Disclosure of sold/ booked inventoryFile: 6_Disclosure of Sold Inventory.pdf | 20 Jul 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf | 20 Jul 2024 |
| Proforma of Agreement for saleFile: 240617_AFS_Ready Possession.pdf | 20 Jun 2024 |
| Other - TechnicalFile: 240620_Declaration regarding OC.pdf | 20 Jun 2024 |
| Declaration about Commencement CertificateFile: 240525_Declaration about CC.pdf | 25 May 2024 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: 240426_OC_A3 to A9_Shop 3 4.pdf | 25 May 2024 |
| Layout approvalFile: 240520_Layout.pdf | 21 May 2024 |
| Building plan approvalFile: 240520_Building Plan.pdf | 21 May 2024 |
| Copy of Layout Approval (in case of layout)File: 240520_Layout.pdf | 21 May 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 240520_Building Plan.pdf | 21 May 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: 240520_CC.pdf | 21 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Arch Certificate.pdf | 20 Apr 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 20 Apr 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: 5_Form 2A.pdf | 20 Apr 2024 |
| Disclosure of sold/ booked inventoryFile: M_Saffron Shops A3 to A8.pdf | 20 Apr 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf | 20 Apr 2024 |
| Home Buyer /Allottee Grievance Redressal CellFile: 240302_Decl about Grievance Redressal Cel.pdf | 8 Mar 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Arch Certificate.pdf | 17 Jan 2024 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 17 Jan 2024 |
| Disclosure of sold/ booked inventoryFile: 5_Disclosure of sold inventory.pdf | 17 Jan 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf | 17 Jan 2024 |
| Declaration in FORM BFile: 231220_Form B.pdf | 20 Dec 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: 5_Form 2A_1.pdf | 18 Dec 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: 49_M_Saffron-Shops.pdf | 30 Oct 2023 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: 231028_OC_A3 and A4_Shops.pdf | 28 Oct 2023 |
| Occupancy Certificate/ Completion Certificate/ Architect's certificate of completion for plotted developmentFile: 231028_OC_A5 to A9_Shops.pdf | 28 Oct 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Arch Certificate.pdf | 21 Oct 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 21 Oct 2023 |
| Disclosure of sold/ booked inventoryFile: M_Saffron Shops A3 to A8_rotated.pdf | 21 Oct 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate_compressed.pdf | 21 Oct 2023 |
| Copy of the legal title reportFile: 2_Legal Title Report_5.pdf | 7 Oct 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: 49_M_Saffron-Shops.pdf | 30 Sep 2023 |
| Details of encumbrances concerned to FinanceFile: 230822_Encumbrances_Legal.pdf | 23 Aug 2023 |
| Details of encumbrances concerned to FinanceFile: 230822_Encumbrances_Finance.pdf | 23 Aug 2023 |
| Details of encumbrances concerned to LegalFile: 230822_Encumbrances_Legal.pdf | 23 Aug 2023 |
| Details of encumbrances concerned to LegalFile: 230822_Encumbrances_Finance.pdf | 23 Aug 2023 |
| Declaration in FORM BFile: 230822_Form B.pdf | 23 Aug 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 20 Jul 2023 |
| Disclosure of sold/ booked inventoryFile: M_Saffron Shops A3 to A8.pdf | 20 Jul 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf | 20 Jul 2023 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: 5_Form 2A.pdf | 24 Apr 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 21 Apr 2023 |
| Disclosure of sold/ booked inventoryFile: M_Saffron Shops A3 to A8.pdf | 21 Apr 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf | 21 Apr 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 3 Feb 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 3 Feb 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf | 3 Feb 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate_compressed.pdf | 3 Feb 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate_compressed (1).pdf | 3 Feb 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf | 3 Feb 2023 |
| Disclosure of sold/ booked inventoryFile: M_Saffron Shops A3 to A8.pdf | 20 Jan 2023 |
| Disclosure of sold/ booked inventoryFile: M_Saffron Shops A3 to A8.pdf | 19 Oct 2022 |
| Disclosure of sold/ booked inventoryFile: M_Saffron Shops_Disclosure of Sold Inventory.pdf | 21 Jul 2022 |
| CERSAI detailsFile: 14_CERSAI Certificate_R1.pdf | 14 Apr 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: 11_Commencement Certificate.pdf | 11 Apr 2022 |
| Layout approvalFile: 4_Sanctioned Layout.pdf | 8 Apr 2022 |
| Building plan approvalFile: 13_Building Plan-1.pdf | 8 Apr 2022 |
| Building plan approvalFile: 13_Building Plan-2.pdf | 8 Apr 2022 |
| Building plan approvalFile: 13_Building Plan-3.pdf | 8 Apr 2022 |
| Building plan approvalFile: 13_Building Plan-4.pdf | 8 Apr 2022 |
| Building plan approvalFile: 13_Building Plan-5.pdf | 8 Apr 2022 |
| PAN CardFile: 1_Pan Card.pdf | 8 Apr 2022 |
| Copy of the legal title reportFile: 2_Legal Title Report_6.pdf | 8 Apr 2022 |
| Copy of the legal title reportFile: 2_Legal Title Report_1.pdf | 8 Apr 2022 |
| Copy of the legal title reportFile: 2_Legal Title Report_2.pdf | 8 Apr 2022 |
| Copy of the legal title reportFile: 2_Legal Title Report_3.pdf | 8 Apr 2022 |
| Copy of the legal title reportFile: 2_Legal Title Report_4.pdf | 8 Apr 2022 |
| Copy of the legal title reportFile: 2_Legal Title Report_5.pdf | 8 Apr 2022 |
| Details of encumbrancesFile: 3_Encumbrances Certificate.pdf | 8 Apr 2022 |
| Copy of Layout Approval (in case of layout)File: 4_Sanctioned Layout.pdf | 8 Apr 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 13_Building Plan-1.pdf | 8 Apr 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 13_Building Plan-2.pdf | 8 Apr 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 13_Building Plan-3.pdf | 8 Apr 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: 13_Building Plan-4.pdf | 8 Apr 2022 |
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 |
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How this compares with Pune
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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.
- 2 conditions on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 16 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: 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 Saffron - Shops is delayed beyond 30 Dec 2024?
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 Saffron - Shops?
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 Saffron - Shops?
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 Saffron - Shops?
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 Saffron - Shops?
The professionals named in the filing: Architect: Anil Madhusudan Kulkarni; Engineer: Suneel Kulkarni; Chartered Accountant: Supriya Abhijit Mundada. 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 Saffron - Shops?
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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