Home / Browse projects / Pune, Maharashtra / R48 The Canopy
R48 The Canopy
By PARANJAPE SPACES AND SERVICES PVT LTD
RG-MH-31184 · RERA P52100079518 · Last updated on MahaRERA portal: 29 Jun 2026
Source: official MahaRERA filing
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Red flags
- Litigation declared, 4 cases
Clear
- No complaints on record
- Completion date never moved
- No encumbrance on the project land
- Separate project account declared
- Allotment letter follows the model form
1 condition is 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.
R48 The Canopy is a Residential / Group Housing project by PARANJAPE SPACES AND SERVICES PVT LTD in Pune, Maharashtra, registered with MahaRERA as P52100079518 on 10 Mar 2025. Possession is promised by 31 Dec 2029. 0 of the 106 units on this registration are recorded sold or booked, and 0 of 22 construction stages are filed complete.
At a glance
Project
- NameR48 The Canopy
- TypeResidential / Group Housing
- Location
- Bhugaon
- Mulshi
- Pune
- 412115
- Pincode412115
- RERA no.P52100079518
- ReraGenie IDRG-MH-31184
Builder
- NamePARANJAPE SPACES AND SERVICES PVT LTD
- Entity typeCompany
- DirectorsSACHIN BHALCHANDRA HIRAP, Pushkar Pramod Apte, Uttam Sambhaji Redkar
- Other registrations3 more →
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on10 Mar 2025
- Promised completion31 Dec 2029
- Revised completionNone
- Buildings2 building records
- Documents filed48 files
Current status
Figures as on 29 Jun 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| A wing | NA | 24 | 24 | 53 | 0 | 53 |
| B Wing | NA | 24 | 24 | 53 | 0 | 53 |
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 29 Jun 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.
0 of 22 construction stages are filed complete across 2 buildings. The stage furthest along is Excavation, at 0%.
A wing0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| 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. | 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. | 0% |
B Wing0%
| Activity | Progress |
|---|---|
| Excavation | 0% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| 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. | 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. | 0% |
Progress on shared amenities15
As on 29 Jun 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 facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | Yes | 0% |
| Water Supply | Yes | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | Yes | 0% |
| Storm Water Drains | Yes | 0% |
| Landscaping & Tree Planting | Yes | 0% |
| Street Lighting | Yes | 0% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | Yes | 0% |
| Solid Waste Management And Disposal | Yes | 0% |
| Water conservation /Rain water harvesting | Yes | 0% |
| Energy managemcnt | Yes | 0% |
| Fire protection and fire safety requirements | Yes | 0% |
| Electrical meter room, sub-station, receiving station | Yes | 0% |
| Aggregate area of recreational Open Space | Yes | 0% |
| Open Parking | Yes | 0% |
Parking filed111
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 |
|---|---|---|
| A wing | 55 | 55 |
| B Wing | 56 | 56 |
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.
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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| A wing | NA | Rs 37.57 cr | Rs 15.00 lakh |
| B Wing | NA | Rs 37.57 cr | Rs 15.00 lakh |
| - | NA | Rs 17.54 cr | Rs 3.22 cr |
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 | Sandeep Hardikar and Associates |
| Engineer | Deepali Desai |
| Chartered Accountant | Kapure and Kapure Chartered Accountants |
| Chartered Accountant | MSKA & Associates |
| Partner | Role in project |
|---|---|
| PARANJAPE SPACES AND SERVICES PVT LTD | - |
Litigation declared4
| Case | Court | Status |
|---|---|---|
| 1480/2011/2011 | CJSD Pune | Matter for township land is kept for hearing |
| 593/2018/2018 | CJSD Pune | Matter relating to township land is kept for hearing |
| 186/2018/2018 | CJSD Pune | Matter relating to township land is kept for hearing |
| 1120/2022/2022 | CJSD Pune | Matter relating to township land is kept for hearing |
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 2 Jan 2025 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 18 Apr 2025 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 3 Jan 2025 - Commencement CertificateOn the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
uploaded 18 Apr 2025Confirm the Commencement Certificate covers the specific floor you are buying. - 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 Dec 2029
Documents filed48
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 |
|---|---|
| Withdrawal Update Form 1File: Form 1 June 25.pdf | 29 Jun 2026 |
| Withdrawal Update Form 2File: Form 2_ 48 The Canopy June 25.pdf | 29 Jun 2026 |
| Withdrawal Update Form 3File: Form 3 R48 June 25-compressed.pdf | 29 Jun 2026 |
| Form 5 (FY 2024-2025)File: Form 5_R48_signed.pdf | 10 Nov 2025 |
| Proforma of Agreement for saleFile: AFS-R48 THE CANOPY -Revised -upper floor sanction-18April'25.pdf | 19 Apr 2025 |
| Layout approvalFile: Layout plan-Apr'25-uploaded.pdf | 18 Apr 2025 |
| Copy of Layout Approval (in case of layout)File: Layout plan-Apr'25-uploaded.pdf | 18 Apr 2025 |
| Commencement Certificates / NA Order for plotted developmentFile: REvised commencement-R48 The Canopy-Apr'25.PDF | 18 Apr 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Rera Form 2 R48 The Canopy March25 sign off-uploaded.pdf | 8 Apr 2025 |
| Letter from the bank regarding the opening of RERA Designated Bank Accounts (Format B)File: Format B R 48.pdf | 28 Feb 2025 |
| Disclosure for secured/unsecured finance availed for the projectFile: SecuredUnsecured_180225.pdf | 18 Feb 2025 |
| Details of encumbrances concerned to FinanceFile: Finance Encumbrance.pdf | 12 Feb 2025 |
| CERSAI detailsFile: CERSAI Declaration.pdf | 12 Feb 2025 |
| Details of encumbrances concerned to LegalFile: Finance Encumbrance.pdf | 12 Feb 2025 |
| CERSAI detailsFile: CERSAI Report.pdf | 29 Jan 2025 |
| Proforma of Agreement for saleFile: AFS_290125.pdf | 29 Jan 2025 |
| Deviation Report with respect to model copy of AgreementFile: Deviation Report -AFS-R48-revised.pdf | 27 Jan 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Signed R48 Form 3_as on Registration_compressed.pdf | 22 Jan 2025 |
| Other - LegalFile: Sale Deed.pdf | 22 Jan 2025 |
| Layout approvalFile: Sheet 1-R48.pdf | 3 Jan 2025 |
| Building plan approvalFile: Sheet 2-R48.pdf | 3 Jan 2025 |
| Building plan approvalFile: Sheet 3-R48.pdf | 3 Jan 2025 |
| Building plan approvalFile: Sheet 4-R48.pdf | 3 Jan 2025 |
| Building plan approvalFile: Sheet 5-R48.pdf | 3 Jan 2025 |
| Building plan approvalFile: Sheet 6-R48.pdf | 3 Jan 2025 |
| Copy of Layout Approval (in case of layout)File: Sheet 1-R48.pdf | 3 Jan 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2-R48 The Canopy-Regn.pdf | 3 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Sheet 2-R48.pdf | 3 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Sheet 3-R48.pdf | 3 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Sheet 4-R48.pdf | 3 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Sheet 5-R48.pdf | 3 Jan 2025 |
| Building Plan Approval / NA Order for plotted developmentFile: Sheet 6-R48.pdf | 3 Jan 2025 |
| PAN CardFile: 1 PAN Card.pdf | 2 Jan 2025 |
| Copy of the legal title reportFile: Legal Title Report-Sector R48-Bhugaon as of 27-12-2024 for RERA.pdf | 2 Jan 2025 |
| Details of encumbrances concerned to FinanceFile: Encumbrance - legal-R48 Regn.pdf | 2 Jan 2025 |
| Proforma of Allotment letterFile: Proforma Allotment letter-R48-Reg.pdf | 2 Jan 2025 |
| Declaration in FORM BFile: Form B-Affidavit cum Declaration-R48 Regn-Promoter.pdf | 2 Jan 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: R 48 - FORM 1- 16-12-2024.pdf | 2 Jan 2025 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement Certificate Sector R48-Bhugaon-The Canopy.pdf | 2 Jan 2025 |
| Declaration about Commencement CertificateFile: Declaration for Commencement Certificate-R48 Regn.pdf | 2 Jan 2025 |
| Declaration about all RERA Designated Bank Accounts (Format A)File: Format A-Declaration Of Bank Account -Promoter letterhead-R48.pdf | 2 Jan 2025 |
| Deviation Report with respect to Allotment letterFile: Deviation Report - Letter of allotment-R48-Regn.pdf | 2 Jan 2025 |
| Details of encumbrances concerned to LegalFile: Encumbrance - legal-R48 Regn.pdf | 2 Jan 2025 |
| Other - TechnicalFile: Declaration-cum-Undertaking- Double and multiple Registration-R48 Regn.pdf | 2 Jan 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexue A-Pushkar Apte-R48-Disclosure of Interest.pdf | 2 Jan 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A -PSSPL R48-The Canopy-Disclosure of interest.pdf | 2 Jan 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A -R48 The Canopy-PSSPL- Sachin hirap-Disclosure of Interest.pdf | 2 Jan 2025 |
| Disclosure of Interest in Other Real Estate OrganizationsFile: Annexure A -R48-The Canopy-PSSPL- Uttam Redkar-Disclosure of Interest.pdf | 2 Jan 2025 |
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Buyer report
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- 1 condition on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 3 other registrations, which the RERA portal never shows together
- All 48 filed documents as one ZIP, foldered, with a manifest
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Project watch
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Builder: PARANJAPE SPACES AND SERVICES PVT LTD
PARANJAPE SPACES AND SERVICES PVT LTD has 4 registrations on MahaRERA, including R 47 -HIGHGARDENS and PARANJAPE ATHENA. Its filings disclose no earlier MahaRERA projects. Litigation is declared on 2 of its registrations. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if R48 The Canopy is delayed beyond 31 Dec 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 R48 The Canopy?
The registered promoter entity is PARANJAPE SPACES AND SERVICES PVT LTD, a company 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 R48 The Canopy?
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 R48 The Canopy?
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 R48 The Canopy?
The professionals named in the filing: Architect: Sandeep Hardikar and Associates; Engineer: Deepali Desai; Chartered Accountant: Kapure and Kapure Chartered Accountants; 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 R48 The Canopy?
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.
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