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Registered Litigation declared Residential / Group Housing project

Megapolis Shimmer - A1

By Pegasus Properties Pvt. Ltd.

RG-MH-66910 · RERA P52100052912 · Last updated on MahaRERA portal: 20 Apr 2026

Source: official MahaRERA filing

Red flags

  • Litigation declared, 2 cases
  • 1 complaint at MahaRERA

Clear

  • Completion date never moved
  • No encumbrance on the project land
  • Separate project account declared
  • Allotment letter follows the model form

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.
Mar 2029Possession promisedno revision filed
16 of 33Construction stages doneacross 3 buildings; furthest along: Slabs of Super Structure, 97%
19 of 511Units unsoldnot recorded sold or booked
1Complaints at MahaRERAon this registration
Jump to the 82 documents Report an error

Megapolis Shimmer - A1 is a Residential / Group Housing project by Pegasus Properties Pvt. Ltd. in Pune, Maharashtra, registered with MahaRERA as P52100052912 on 5 Oct 2023. Possession is promised by 31 Mar 2029. 492 of the 511 units on this registration are recorded sold or booked, and 16 of 33 construction stages are filed complete. 1 complaint is on record with the regulator.

At a glance

Project

  • NameMegapolis Shimmer - A1
  • TypeResidential / Group Housing
  • 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.P52100052912
  • ReraGenie IDRG-MH-66910

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

this monthRegisteredOct 2023PromisedMar 2029

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on5 Oct 2023
  • Promised completion31 Mar 2029
  • Revised completionNone
  • Buildings3 building records
  • Documents filed82 files

Current status

96%492 of 511 units booked
65.7%Work done, per cost certificate

Figures as on 20 Apr 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
A1 - A WingNA24211800180
A1 - B WingNA24211480148
A1 - C WingNA24211830183

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 building3

As on 20 Apr 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.

16 of 33 construction stages are filed complete across 3 buildings. The stage furthest along is Slabs of Super Structure, at 97%.

A1 - A Wing65%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor100%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises55%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks30%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.0%
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.35%
A1 - B Wing64%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor100%
Slabs of Super Structure97%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises60%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks15%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.0%
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.35%
A1 - C Wing58%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor100%
Slabs of Super Structure91%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises20%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks15%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.0%
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.10%

Progress on shared amenities15

As on 20 Apr 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 facilityProposedProgress
Internal Roads & FootpathsYes0%
Water SupplyYes0%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes10%
Storm Water DrainsYes5%
Landscaping & Tree PlantingYes0%
Street LightingYes0%
Community BuildingsYes0%
Treatment And Disposal Of Sewage And Sullage WaterYes0%
Solid Waste Management And DisposalYes0%
Water conservation /Rain water harvestingYes0%
Energy managemcntYes0%
Fire protection and fire safety requirementsYes0%
Electrical meter room, sub-station, receiving stationYes0%
Aggregate area of recreational Open SpaceYes0%
Open ParkingYes0%

Parking filed511

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.

Total parking slots511
Closed/Covered511
BuildingClosed/CoveredTotal
A1 - A Wing180180
A1 - B Wing148148
A1 - C Wing183183

Land and ownership

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.

Land area8,829 sq m
Land owned byThe promoter
Named landownersNone
Encumbrance on the landDeclared none
CERSAI search filedYes
Declared on19 Jul 2025

Approvals and building plan

Sanctioning authorityMaharashtra Industrial Development Corporation
Permissible FSI43687.5
Proposed, not sanctioned38,399 sq m
Buildings approved3
Buildings sanctioned3

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.

Separate project accountDeclared
Bank branchKP Housing Society General Thimayya Road East Street Camp Pune 411001
Estimated costRs 178.98 cr
Cost incurredRs 117.66 cr
Work done65.74%
BuildingWingEstimatedIncurred
A1 - A WingNARs 44.90 crRs 33.66 cr
A1 - B WingNARs 44.90 crRs 28.85 cr
A1 - C WingNARs 44.90 crRs 30.18 cr
-NARs 44.29 crRs 24.97 cr

Certifying professionals and partners5

Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.

RoleName
ArchitectAr Anil Madhusudan Kulkarni
EngineerSuneel Kulkarni
EngineerAmit Nagpure
Chartered AccountantSupriya Mundada
Chartered AccountantGMKS & Co.
PartnerRole in project
Pegasus Properties Pvt. Ltd.-

Litigation declared2

CaseCourtStatus
691/2022Civil Judge Senior Division PuneOngoing
691/2022Civil JudgeOngoing

Complaints filed with MahaRERA1

Case no.ComplainantRespondentFiled
CC12400529Sneha Prashant MisalPegasus Properties Pvt. Ltd.22/10/2024

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.

  1. Legal title reportOn the file

    A lawyer's report on who owns the land and what is registered against it.

    uploaded 19 Mar 2025
  2. Layout approvalOn the file

    The planning authority's approval of how the plots and buildings sit on the land.

    uploaded 29 Aug 2023
  3. Building plan approvalOn the file

    Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.

    uploaded 29 Aug 2023
  4. Commencement CertificateOn the file

    Permission to begin construction. On a plotted development the same slot carries the NA order instead.

    uploaded 15 Sep 2023Confirm the Commencement Certificate covers the specific floor you are buying.
  5. Occupancy CertificateNot due yet

    The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.

    possession is promised for 31 Mar 2029

Documents filed82

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 82 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.

DocumentUploaded
Form 2A (FY 2025-2026)File: Form 2A - March 2026.pdf20 Apr 2026
Withdrawal Update Form 1File: 1_Ar Certificate.pdf18 Apr 2026
Withdrawal Update Form 2File: 2_Engg Certificate.pdf18 Apr 2026
Withdrawal Update Form 3File: 3_CA Certificate_compressed.pdf18 Apr 2026
Withdrawal Update Form 1File: 1_Ar Certificate.pdf12 Jan 2026
Withdrawal Update Form 2File: 1_Ar Certificate.pdf12 Jan 2026
Withdrawal Update Form 3File: 3_CA Certificate.pdf12 Jan 2026
Withdrawal Update Form 1File: 1_Ar Certificate_Signed.pdf18 Oct 2025
Withdrawal Update Form 2File: 2_Engg Certificate_Signed.pdf18 Oct 2025
Withdrawal Update Form 3File: 3_CA Certificate_compressed (4).pdf18 Oct 2025
Form 5 (FY 2024-2025)File: Form 5_Shimmer A1_Signed.pdf23 Sep 2025
Withdrawal Update Form 1File: 1_Arch Certificate.pdf19 Jul 2025
Withdrawal Update Form 2File: 2_Engg Certificate.pdf19 Jul 2025
Withdrawal Update Form 3File: 3_CA Certificate_Shimmer A1.pdf19 Jul 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Ar Certificate.pdf19 Apr 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf19 Apr 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf19 Apr 2025
Disclosure of sold/ booked inventoryFile: 6_Disclosure of Sold Inventory.pdf19 Apr 2025
Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: 5_Form 2A.pdf19 Apr 2025
Proforma of Agreement for saleFile: 240328_AFS_R4.pdf31 Mar 2025
Proforma of Agreement for saleFile: 240724_AFS_R3.pdf21 Mar 2025
Copy of the legal title reportFile: 8_250318_Supplementary Title.pdf19 Mar 2025
Disclosure of sold/ booked inventoryFile: 6_Disclosure of Sold Inventory_compressed.pdf20 Jan 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Arch Certificate.pdf18 Jan 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf18 Jan 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf18 Jan 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Ar Certificate.pdf23 Oct 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate_Compressed.pdf23 Oct 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf23 Oct 2024
Disclosure of sold/ booked inventoryFile: 6_Disclosure of Sold Inventory_compressed.pdf23 Oct 2024
Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: M_Shimmer - A1.pdf17 Oct 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Arch Certificate.pdf20 Jul 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf20 Jul 2024
Disclosure of sold/ booked inventoryFile: 6_Disclosure of Sold Inventory_Shimmer A1.pdf20 Jul 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate_Shimmer A1.pdf20 Jul 2024
Proforma of Agreement for saleFile: 240617_AFS_R2.pdf20 Jun 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Arch Certificate.pdf20 Apr 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf20 Apr 2024
Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: 5_Form 2A.pdf20 Apr 2024
Disclosure of sold/ booked inventoryFile: M_Shimmer - A1.pdf20 Apr 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate.pdf20 Apr 2024
Home Buyer /Allottee Grievance Redressal CellFile: 240302_Decl about Grievance Redressal Cell.pdf8 Mar 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: 1_Arch Certificate.pdf16 Jan 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: 2_Engg Certificate.pdf16 Jan 2024
Disclosure of sold/ booked inventoryFile: 5_Disclosure of sold inventory.pdf16 Jan 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 3_CA Certificate-compressed.pdf16 Jan 2024
Commencement Certificates / NA Order for plotted developmentFile: 230915_Decaration_CC.pdf15 Sep 2023
Building plan approvalFile: 230829_Building Plan_1_Parking.pdf29 Aug 2023
Building plan approvalFile: 230829_Building Plan_2.pdf29 Aug 2023
Building plan approvalFile: 230829_Building Plan_4.pdf29 Aug 2023
Building plan approvalFile: 230829_Building Plan_3.pdf29 Aug 2023
Layout approvalFile: 230829_Layout.pdf29 Aug 2023
Copy of Layout Approval (in case of layout)File: 230829_Layout.pdf29 Aug 2023
Building Plan Approval / NA Order for plotted developmentFile: 230829_Building Plan_1_Parking.pdf29 Aug 2023
Building Plan Approval / NA Order for plotted developmentFile: 230829_Building Plan_2.pdf29 Aug 2023
Building Plan Approval / NA Order for plotted developmentFile: 230829_Building Plan_4.pdf29 Aug 2023
Building Plan Approval / NA Order for plotted developmentFile: 230829_Building Plan_3.pdf29 Aug 2023
Declaration in FORM BFile: 230829_Form B_Declaration_R1.pdf29 Aug 2023
Other - LegalFile: 230829_Lease Deed.pdf29 Aug 2023
CERSAI detailsFile: 15_CERSAI Declaration.pdf19 Aug 2023
Details of encumbrances concerned to FinanceFile: 3_Encumbrance Certificate_F.pdf18 Aug 2023
Details of encumbrances concerned to FinanceFile: 3_Encumbrance Certificate_L.pdf18 Aug 2023
Details of encumbrances concerned to LegalFile: 3_Encumbrance Certificate_F.pdf18 Aug 2023
Details of encumbrances concerned to LegalFile: 3_Encumbrance Certificate_L.pdf18 Aug 2023
CERSAI detailsFile: 15_CERSAI Report.pdf18 Aug 2023
Proforma of Agreement for saleFile: 5_AFS.pdf18 Aug 2023
Proforma of Allotment letterFile: 5_AL.pdf18 Aug 2023
Deviation Report with respect to model copy of AgreementFile: 17_Deviation Report_AFS.pdf18 Aug 2023
PAN CardFile: 1_Pan Card.pdf17 Aug 2023
Copy of the legal title reportFile: 2_Legal Title Report_0_Format A.pdf17 Aug 2023
Copy of the legal title reportFile: 2_Legal Title Report_1.pdf17 Aug 2023
Copy of the legal title reportFile: 2_Legal Title Report_2.pdf17 Aug 2023
Copy of the legal title reportFile: 2_Legal Title Report_3.pdf17 Aug 2023
Copy of the legal title reportFile: 2_Legal Title Report_4.pdf17 Aug 2023
Copy of the legal title reportFile: 2_Legal Title Report_5.pdf17 Aug 2023
Commencement Certificates / NA Order for plotted developmentFile: 11_Sanction Letter.pdf17 Aug 2023
Declaration about Commencement CertificateFile: 14_Declaration about CC.pdf17 Aug 2023
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: 8_CA Certificate.pdf17 Aug 2023
Disclosure of Interest in Other Real Estate OrganizationsFile: 19_DIN_MS.pdf17 Aug 2023
Disclosure of Interest in Other Real Estate OrganizationsFile: 19_DIN_YB.pdf17 Aug 2023

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.

10 delivered on promise3 delivered late
ProjectLocationFlatsStatusPromisedDelivered
Megapolis Saffron - ShopsHinjewadi33CompletedDec 2024Apr 2024
Megapolis Saffron -A3 to A9Hinjewadi380CompletedJun 2024May 2024
Megapolis Springs - AHinjewadi52CompletedMar 2024Oct 2023
Megapolis Springs - B and FHinjewadi156CompletedMar 2023Nov 2022
Megapolis Springs - CHinjewadi52CompletedMay 2022Sep 2021
Megapolis springs - D and EHinjewadi156CompletedApr 2022Sep 2021
Megapolis Symphony Phase IHinjewadi294CompletedJan 2022Sep 2020
Megapolis Mystic Phase IIHinjewadi214CompletedMar 2020Jun 2019
Megapolis Mystic - CHinjewadi86CompletedDec 2019Nov 2019
SangriaHinjewadi1,075CompletedOct 2015Feb 2015
SplendorHinjewadi1,176CompletedMar 2015Late, Nov 2015
SunwayHinjewadi1,176CompletedJul 2013Late, May 2014
SparkletHinjewadi1,184CompletedMar 2013Late, Apr 2013

How this compares with Pune

96%of this project is bookeddistrict median 31%
26%of Pune projects moved their completion datethis one has not
26%of Pune registrations have lapsed or been cancelledthis one is on the register

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.

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How alerts work

Other projects near Rajiv Gandhi Infotech Park Phase 313,700+ in Pune

2 kmMegapolis Shimmer - A1Completed 28Lapsed / revoked 10Other 16Dot size: filed unitsN

Filed coordinates, straight-line distance. 54 registered projects within 2 km.

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 Shimmer - A1 is delayed beyond 31 Mar 2029?

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 Shimmer - A1?

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 Shimmer - A1?

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 do I read the complaint cases filed against Megapolis Shimmer - A1?

Each case number above is a complaint MahaRERA hears in public. On the MahaRERA website, open Complaint Details and search the CC number: the order PDFs, hearing dates and disposal status are free to download. Orders bind the promoter. Before booking, check whether past orders were complied with, not just whether complaints exist; an ignored order is a stronger warning than the complaint itself.

How current is the construction progress shown for Megapolis Shimmer - A1?

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 Shimmer - A1?

The professionals named in the filing: Architect: Ar Anil Madhusudan Kulkarni; Engineer: Suneel Kulkarni; Engineer: Amit Nagpure; Chartered Accountant: Supriya Mundada; Chartered Accountant: GMKS & Co.. 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 Shimmer - A1?

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; how the declared litigation on this registration affects your risk; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.

Read the whole filing and still not sure? That is what the Rs 499 buyer report is for: the conditions on this record read one by one, the progress against the promise, this promoter's other registrations, what the filed documents themselves say, and a ZIP of every document on the filing. It carries the Rs 299 project watch free for 90 days.

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