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Panache
RG-MH-02637 · RERA P52100010652 · Last updated on MahaRERA portal: 21 Apr 2025
Source: official MahaRERA filing
Red flags
- Completion date moved by 18 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.
Panache is a Residential / Group Housing project by Cedrus Assets in Pune, Maharashtra, registered with MahaRERA as P52100010652 on 31 Aug 2017. The registration is recorded completed; possession was promised by 30 Jun 2026. The completion date has moved by 18 months from the original filing.
At a glance
Project
- NamePanache
- TypeResidential / Group Housing
- Location
- Ghorpadi
- Haveli
- Pune
- 411001
- Pincode411001
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100010652
- ReraGenie IDRG-MH-02637
Builder
- NameCedrus Assets
- Entity typeOthers
- Named personsNilesh Bajaj, Atharva Consortium, Umesh Pillay, Mohit Shah, Kalpita Shah, Bharat Vijaykumar Mittal, Nitin Muthiyan, Anand Sabu, Rita Sabu, Sonali Bilawar, Santosh S, Shamsundar Mohanlal Dodiya and 15 more
Key dates
Key facts
Registration and timeline
- StatusCompleted
- Registered on31 Aug 2017
- Promised completion30 Jun 2026
- Revised completionRevised to 30 Jun 2026 (originally 30 Dec 2024)
- Buildings1 building record
- Documents filed81 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Panache | NA | 13 | 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 building1
As on 21 Apr 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.
5 of 11 construction stages are filed complete. The stage furthest along is Staircases, at 99%.
Panache: 76% average across the applicable activities
| 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 | 53% |
| Sanitary Fittings within the flats / premises | 5% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 99% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 90% |
| 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. | 90% |
Progress on shared amenities15
As on 21 Apr 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 | 90% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 100% |
| Storm Water Drains | Yes | 100% |
| Landscaping & Tree Planting | Yes | 50% |
| Street Lighting | Yes | 0% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | Not applicable |
| Solid Waste Management And Disposal | Yes | 0% |
| Water conservation /Rain water harvesting | Yes | 90% |
| Energy managemcnt | Yes | 95% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 100% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | No | Not applicable |
Parking filed78
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.
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 partners2
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Ar Anil Saykar |
| Engineer | Vastech Consultant |
| Partner | Role in project |
|---|---|
| Cedrus Assets | - |
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 unable to commence construction due to Our financial strain is primarily due to slow market demand, caused by a combination of factors. The broader economic downturn and global uncertainties have reduced consumer confidence and spending. Additionally, shifts in consumer behavior, increased competition, and market saturation have slowed sales. Delayed payments from clients and longer sales cycles have further compounded the issue, creating cash flow challenges. Operational disruptions and the need to adjust our strategy to current market conditions have also contributed to the financial
Litigation declared1
| Case | Court | Status |
|---|---|---|
| 976/2008/2008 | 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 5 Aug 2017 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 31 Dec 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 31 Dec 2024 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 31 Dec 2024Confirm 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 filed81
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 81 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 |
|---|---|
| Declaration in FORM BFile: 5 (2).pdf | 21 Apr 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form A____Architect Certi__31 03 25_0001.pdf | 21 Apr 2025 |
| Certificates of CA (Form 3)File: FORM 3 C A Certificate 31 03 25___F.pdf | 21 Apr 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: FORM 2 ENG Certificate 31 03 25__F (1).pdf | 21 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: Cedrus Assets Disclosure of Sold__31 03 25_0001 (1).pdf | 21 Apr 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: FORM 2 A____ENG CERT 2024 2025___F_0001 (1).pdf | 21 Apr 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: FORM 2 A____ENG CERT 2024 2025___F_0001 (1).pdf | 21 Apr 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: arch Certificate.pdf | 15 Mar 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1 (21).pdf | 15 Mar 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: arch Certificate (3).pdf | 15 Mar 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1 march 2024.pdf | 15 Mar 2025 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1 June 2024.pdf | 15 Mar 2025 |
| Certificates of CA (Form 3)File: Form 3-30-09-2023_Signed (1) (1).pdf | 15 Mar 2025 |
| Certificates of CA (Form 3)File: Form 3-31-12-2023_Signed (1) (1).pdf | 15 Mar 2025 |
| Certificates of CA (Form 3)File: Form 3-31-03-2024_Signed (1) (1).pdf | 15 Mar 2025 |
| Certificates of CA (Form 3)File: Form 3-30-06-2024_Signed (1) (1).pdf | 15 Mar 2025 |
| Certificates of CA (Form 3)File: Form 3-31-09-2024_Signed (1) (1).pdf | 15 Mar 2025 |
| Certificates of CA (Form 3)File: Form 3-31-12-2024_Signed (1) (1).pdf | 15 Mar 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: june 2024 panache (1) (2).pdf | 15 Mar 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Sep 2024 Panache (1) (1).pdf | 15 Mar 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: lDec 24 panache (1) (1).pdf | 15 Mar 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: june 2023 Panache (1).pdf | 11 Mar 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Sep 2023 panache (1).pdf | 11 Mar 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Sep 2023 panache (1) (1).pdf | 11 Mar 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Dec 2023 Panache (1) (1).pdf | 11 Mar 2025 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: march 2024 Panache (1) (1).pdf | 11 Mar 2025 |
| Layout approvalFile: 20241231_140457_11zon.pdf | 31 Dec 2024 |
| Building plan approvalFile: 20241231_140548_11zon.pdf | 31 Dec 2024 |
| Building plan approvalFile: 20241231_140701_11zon.pdf | 31 Dec 2024 |
| Building plan approvalFile: 20241231_140701_11zon (1).pdf | 31 Dec 2024 |
| Building plan approvalFile: 20241231_140756_11zon.pdf | 31 Dec 2024 |
| Copy of Layout Approval (in case of layout)File: 20241231_140457_11zon.pdf | 31 Dec 2024 |
| Declaration in FORM BFile: Form B Notary.pdf | 31 Dec 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: pmc.pdf | 31 Dec 2024 |
| Building Plan Approval (IOD)File: 20241231_140548_11zon.pdf | 31 Dec 2024 |
| Building Plan Approval (IOD)File: 20241231_140701_11zon.pdf | 31 Dec 2024 |
| Building Plan Approval (IOD)File: 20241231_140701_11zon (1).pdf | 31 Dec 2024 |
| Building Plan Approval (IOD)File: 20241231_140756_11zon.pdf | 31 Dec 2024 |
| Declaration about Commencement CertificateFile: Format D.pdf | 31 Dec 2024 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1.pdf | 28 Nov 2023 |
| Certificates of CA (Form 3)File: FORM 3 C A Certificate 31 03 23 Panache_11zon.pdf | 7 Oct 2023 |
| Certificates of CA (Form 3)File: FORM 3 C A Certificate 30 06 23 Panache_11zon.pdf | 7 Oct 2023 |
| Certificates of CA (Form 5)File: FORM 3 C A Certificate 30 06 23 Panache_11zon.pdf | 7 Oct 2023 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Panache F1.pdf | 19 Aug 2023 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Panache f2.pdf | 19 Aug 2023 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: F2 MAY 23.pdf | 13 Jun 2023 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: form 1 23.pdf | 24 Feb 2023 |
| Disclosure of sold/ booked inventoryFile: Sold unsold.pdf | 24 Feb 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2021-22)File: Form 5.pdf | 24 Feb 2023 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: arch Certificate.pdf | 14 Jan 2023 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Panache .pdf | 14 Jan 2023 |
| Certificates of CA (Form 3)File: Form 3 (1).pdf | 14 Jan 2023 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form 5.pdf | 14 Jan 2023 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1.pdf | 5 Nov 2022 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2.pdf | 5 Nov 2022 |
| Declaration about Commencement CertificateFile: Format D (4).pdf | 17 Aug 2022 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2020-21)File: Form 2A.pdf | 17 Aug 2022 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2020-21)File: Form 5 - 21-22.pdf | 17 Aug 2022 |
| Disclosure of sold/ booked inventoryFile: Disclosure of Sold.pdf | 3 Aug 2022 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Form 1Architect Certificate _compressed.pdf | 23 Jun 2022 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2 - Panache.pdf | 23 Jun 2022 |
| Certificates of CA (Form 3)File: Form 3_compressed (2).pdf | 23 Jun 2022 |
| Certificates of CA (Form 5)File: Form 5 - 21-22.pdf | 23 Jun 2022 |
| Certificates of CA (Form 5)File: FORM 5.pdf | 6 Feb 2019 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: Table A.pdf | 3 Sep 2018 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form 2 Engineer Certificate 07 08 18.pdf | 3 Sep 2018 |
| Certificates of CA (Form 3)File: CA Certificate.pdf | 12 Aug 2017 |
| Proforma of Allotment letterFile: RERA COMPLIANT DRAFT AGREEMENT.pdf | 12 Aug 2017 |
| Layout approvalFile: layout.pdf | 11 Aug 2017 |
| Copy of Layout Approval (in case of layout)File: layout.pdf | 11 Aug 2017 |
| Certificates of Engineer (Form 2)(Mandatory for only ongoing project)File: Form -2 - Panache.pdf | 9 Aug 2017 |
| Proforma of Allotment letterFile: Agreement to Sale (1).pdf | 9 Aug 2017 |
| Building plan approvalFile: Application for Reg of project Panache.pdf | 5 Aug 2017 |
| Copy of the legal title reportFile: title report.pdf | 5 Aug 2017 |
| Details of encumbrancesFile: Declaration of Encumbrances.pdf | 5 Aug 2017 |
| Building Plan Approval (IOD)File: Application for Reg of project Panache.pdf | 5 Aug 2017 |
| Declaration in FORM BFile: FORM B-ilovepdf-compressed.pdf | 5 Aug 2017 |
| PAN CardFile: Pan Card Cedrus Assets.pdf | 3 Aug 2017 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate 0204.pdf | 3 Aug 2017 |
| Certificates of Architect (Form 1)(Mandatory for only ongoing project)File: compressed_FORM 1.pdf | 3 Aug 2017 |
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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 every project registered within 2 km, which the RERA portal never shows together
- All 81 filed documents as one ZIP, foldered, with a manifest
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Other projects near Ghorpadi13,700+ in Pune
Filed coordinates, straight-line distance. 83 registered projects within 2 km.
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Builder: Cedrus Assets
Cedrus Assets has 1 registration on MahaRERA, including Panache. Its filings disclose no earlier MahaRERA projects. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if Panache is delayed beyond 30 Jun 2026?
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 Panache?
The registered promoter entity is Cedrus Assets, an others as per the filing. Neither this filing nor this promoter's other MahaRERA registrations disclose a CIN, LLPIN or GSTIN for this entity. 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 Panache?
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 Panache?
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 Panache?
The professionals named in the filing: Architect: Ar Anil Saykar; Engineer: Vastech Consultant. 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 Panache?
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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