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Megapolis Springs - D and E
By Pegasus Properties Pvt. Ltd.
RG-MH-81109 · RERA P52100015188 · Last updated on MahaRERA portal: 19 Jan 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.
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Megapolis Springs - D and E is a Residential / Group Housing project by Pegasus Properties Pvt. Ltd. in Pune, Maharashtra, registered with MahaRERA as P52100015188 on 7 Feb 2018. The registration is recorded completed; possession was promised by 27 Apr 2022.
At a glance
Project
- NameMegapolis Springs - D and E
- 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.P52100015188
- ReraGenie IDRG-MH-81109
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 on7 Feb 2018
- Promised completion27 Apr 2022
- Revised completionNone
- Buildings2 building records
- Documents filed28 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| D | NA | 15 | 0 | 0 | 0 | 0 |
| E | NA | 15 | 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 19 Jan 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.
22 of 22 construction stages are filed complete across 2 buildings.
D100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| 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% |
E100%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| 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 19 Jan 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 | No | Not applicable |
| Open Parking | Yes | 100% |
Parking filed156
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 | Total |
|---|---|---|
| D | 52 | 52 |
| E | 104 | 104 |
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 | Arch Anil Madhusudan Kulkarni |
| Engineer | Narayan Hanmatgad |
| 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 10 Jul 2018 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 10 Jul 2018 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 10 Jul 2018Confirm 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 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 |
|---|---|
| Annual Audit Report of Statutory CA (Form 5) (FY 2018-19)File: 2 Certificates of CA (Form 5).pdf | 19 Jan 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: 15_M_Springs-D and E.pdf | 3 Oct 2022 |
| Declaration about Commencement CertificateFile: 14_Megapolis Springs - D and E.pdf | 7 Oct 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Springs - D and E.pdf | 7 Oct 2021 |
| Architect’s Certificate on Completion of Project (Form 4)File: 210916_Form 4_Megapolis Springs - D and E.pdf | 16 Sep 2021 |
| Architect’s Certificate on Completion of Project (Form 4)File: 210916_Form 4 and Occupancy Certificate.pdf | 16 Sep 2021 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2019-20)File: 15_Megapolis Springs - D and E_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: 5_190928_Form 5_Annual Audit Report_compressed.pdf | 30 Sep 2019 |
| Certificates of CA (Form 5)File: Form 5_Annual Audit Report.pdf | 9 Jan 2019 |
| Layout approvalFile: 4_Springs_Updated Sanctioned Layout.pdf | 10 Jul 2018 |
| Building plan approvalFile: 13_Springs_Updated Building Plans1.pdf | 10 Jul 2018 |
| Copy of the legal title reportFile: 2_Springs_Continuation Legal Title Report.pdf | 10 Jul 2018 |
| Copy of Layout Approval (in case of layout)File: 4_Springs_Updated Sanctioned Layout.pdf | 10 Jul 2018 |
| Building Plan Approval (IOD)File: 13_Springs_Updated Building Plans1.pdf | 10 Jul 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: 12_Springs_Updated Sanction Letter.pdf | 10 Jul 2018 |
| Proforma of Allotment letterFile: 5_Springs - D and E_Revised Allotment Letter and Agreement for Sale.pdf | 13 Jun 2018 |
| Proforma of Allotment letterFile: 5_Springs_Allotment Letter and Agreement for Sale.pdf | 24 Jan 2018 |
| Declaration in FORM BFile: 6_Springs_Form B.pdf | 23 Jan 2018 |
| Layout approvalFile: 4_Springs_Layout 1.pdf | 19 Jan 2018 |
| Copy of Layout Approval (in case of layout)File: 4_Springs_Layout 1.pdf | 19 Jan 2018 |
| Certificates of CA (Form 3)File: 8_Springs_CA Certificate.pdf | 19 Jan 2018 |
| Building plan approvalFile: 13_Springs_Building Plans.pdf | 12 Jan 2018 |
| PAN CardFile: 1_Springs_Pan Card.pdf | 12 Jan 2018 |
| Copy of the legal title reportFile: 2_Springs_Legal Title Report.pdf | 12 Jan 2018 |
| Details of encumbrancesFile: 3_Springs_Encumbrances.pdf | 12 Jan 2018 |
| Building Plan Approval (IOD)File: 13_Springs_Building Plans.pdf | 12 Jan 2018 |
| Commencement Certificates / NA Order for plotted developmentFile: 12_Springs_Sanction Letter.pdf | 12 Jan 2018 |
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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Buyer report
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- 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
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Filed coordinates, straight-line distance. 55 registered projects within 2 km.
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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 Springs - D and E is delayed beyond 27 Apr 2022?
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 Springs - D and E?
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 Springs - D and E?
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 Springs - D and E?
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 Springs - D and E?
The professionals named in the filing: Architect: Arch Anil Madhusudan Kulkarni; Engineer: Narayan Hanmatgad; 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 Springs - D and E?
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.
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