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Registered No litigation declared Residential / Group Housing project

The Balmoral Towers - Tower C, Phase II

By Kasturi Spaces Private Limited

RG-MH-86180 · RERA P52100047008 · Last updated on MahaRERA portal: 10 Apr 2026

Source: official MahaRERA filing

Red flags

  • 2 complaints at MahaRERA

Clear

  • No litigation declared
  • Completion date never moved
  • 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.

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Dec 2028Possession promisedno revision filed
4 of 11Construction stages donefurthest along: Slabs of Super Structure, 40%
2Complaints at MahaRERAon this registration
Jump to the 88 documents Report an error

The Balmoral Towers - Tower C, Phase II is a Residential / Group Housing project by Kasturi Spaces Private Limited in Pune, Maharashtra, registered with MahaRERA as P52100047008 on 26 Sep 2022. Possession is promised by 31 Dec 2028. 2 complaints are on record with the regulator.

At a glance

Project

  • NameThe Balmoral Towers - Tower C, Phase II
  • TypeResidential / Group Housing
  • Location
    • Balewadi
    • Haveli
    • Pune
    • 411045
  • Pincode411045
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P52100047008
  • ReraGenie IDRG-MH-86180

Builder

  • NameKasturi Spaces Private Limited
  • Entity typeCompany
  • GSTIN27AAICK9645E1Z7
  • GSTIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
  • DirectorBrajesh Gupta
  • Other registrations3 more →
  • Declared earlier projects1 →

Key dates

this monthRegisteredSep 2022PromisedDec 2028

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on26 Sep 2022
  • Promised completion31 Dec 2028
  • Revised completionNone
  • Buildings1 building record
  • Documents filed88 files

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Tower C The Balmoral Towers BalewadiNA390000

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 10 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.

4 of 11 construction stages are filed complete. The stage furthest along is Slabs of Super Structure, at 40%.

Tower C The Balmoral Towers Balewadi: 41% average across the applicable activities

ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor0%
Slabs of Super Structure40%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises12%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks0%
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 10 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)Yes0%
Storm Water DrainsYes0%
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 filed155

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 slots155
Closed/Covered145
Open Space10

Land and ownership2

MahaRERA does not publish landowner contact details. MahaRERA has published no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.

Land area794 sq m
Land owned byThe promoter, with other names on the file
Named landowners2
LandownerVillageDistrict
XRBIA DEVELOPERS LIMITEDPune (M Corp.)Pune
NAHAR BROTHERS REALTORS PVT LTDPune (M Corp.)Pune

Approvals and building plan

Permissible FSI21624.92
Proposed, not sanctioned21,625 sq m
Buildings approved1
Buildings sanctioned1

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 branchAundh Pune

Certifying professionals and partners

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

PartnerRole in project
Kasturi Spaces Private Limited-

Complaints filed with MahaRERA2

Case no.ComplainantRespondentFiled
CC005000000258944Suryakanth DhanawadeNahar Brothers Private Limited01/06/2023
CC12601738Kasturi Spaces Private LimitedPravir Kumar26/03/2026

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 15 Sep 2022
  2. Layout approvalOn the file

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

    uploaded 8 Sep 2022
  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 2 May 2024
  4. Commencement CertificateOn the file

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

    uploaded 2 May 2024Confirm 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 Dec 2028

Documents filed88

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 88 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 1File: Form 1 TBT Tower C.PDF10 Apr 2026
Form 2File: TBT C JAN-MAR-26.PDF10 Apr 2026
Form 3File: TBT - C - Form3.PDF10 Apr 2026
Disclosure of Sold and Booked InventoryFile: Sold Unsold TBT C.PDF10 Apr 2026
Form 1File: Form 1 Architect Certificate Tower C.PDF9 Jan 2026
Form 2File: TBT-TC-FORM 2.pdf9 Jan 2026
Form 3File: C-Form 3.PDF9 Jan 2026
Disclosure of Sold and Booked InventoryFile: Sold Unsold Data Tower C TBT-31st December 2025.PDF9 Jan 2026
Form 1File: TOWER C FORM 1 ARCHITECTS CERTIFICATE.PDF12 Oct 2025
Form 2File: TBT-C.PDF12 Oct 2025
Form 3File: Tbt C form3_09102025170446.PDF12 Oct 2025
Disclosure of Sold and Booked InventoryFile: TBT_C SOLD UNSOLD INVENTORY 30 Sep 2025.pdf12 Oct 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Tower C.PDF16 Jul 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: TBT FORM 3 Tower C.PDF16 Jul 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: TBT -C.PDF16 Jul 2025
Disclosure of sold/ booked inventoryFile: TBT C INVENTORY Q1_02072025161354.PDF16 Jul 2025
Form 1File: Tower C.PDF15 Jul 2025
Form 2File: TBT -C.PDF15 Jul 2025
Form 3File: TBT FORM 3 Tower C.PDF15 Jul 2025
Disclosure of Sold and Booked InventoryFile: TBT C INVENTORY Q1_02072025161354.PDF15 Jul 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Tower -C.PDF17 Apr 2025
Disclosure of sold/ booked inventoryFile: INVENTORY TBT C_15042025150405.PDF17 Apr 2025
Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: TBT C.PDF9 Apr 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Tower C Form3.pdf12 Feb 2025
Disclosure of sold/ booked inventoryFile: TBT C Building.PDF15 Jan 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 TBT Tower C.PDF13 Nov 2024
Disclosure of sold/ booked inventoryFile: TBT Tower C.PDF13 Nov 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: TBT Tower C Architect Certificate.PDF11 Jul 2024
Disclosure of sold/ booked inventoryFile: KSPL Tower C_10072024180017 (1).PDF11 Jul 2024
Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: KSPL - Annexure F Form 5 -C.pdf29 May 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: TBT _Tower C Form 3.pdf26 May 2024
Building plan approvalFile: 1 Building Plan Approval _ NA Order for plotted development.pdf2 May 2024
Building Plan Approval / NA Order for plotted developmentFile: 1 Building Plan Approval _ NA Order for plotted development.pdf2 May 2024
Commencement Certificates / NA Order for plotted developmentFile: 1 Commencement Certificates _ NA Order for plotted development.pdf2 May 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: TBT Tower C.pdf30 Apr 2024
Disclosure of sold/ booked inventoryFile: TBT Tower C.PDF30 Apr 2024
Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: TBT C-2022.PDF6 Jan 2024
Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: TBR D-2023.PDF6 Jan 2024
Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: TBT C 2023.PDF6 Jan 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg Certificate TBT Tower C.pdf20 Dec 2023
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg Certificate TBT Tower C.pdf20 Dec 2023
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Engg Certificate TBT Tower C.pdf20 Dec 2023
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3-16 10 2023.pdf20 Dec 2023
Details of encumbrances concerned to FinanceFile: TBT mortgage.pdf6 Dec 2023
Details of encumbrances concerned to LegalFile: TBT mortgage.pdf6 Dec 2023
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: TBT-C-1-6.PDF5 Dec 2023
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: TBT-C-2-10.PDF5 Dec 2023
Building plan approvalFile: PLAN-01-10_compressed.pdf19 May 2023
Building Plan Approval / NA Order for plotted developmentFile: PLAN-01-10_compressed.pdf19 May 2023
Commencement Certificates / NA Order for plotted developmentFile: CC-0005-23 DT 03-04-2023_compressed.pdf19 May 2023
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Tower C Date 31-03-2023.PDF12 May 2023
Disclosure of sold/ booked inventoryFile: TOWER C KSPL.PDF12 May 2023
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 _TBT -Tower C.pdf12 May 2023
Proforma of Agreement for saleFile: Final TBT Draft 17112022.pdf17 Nov 2022
Proforma of Agreement for saleFile: Final TBT TOWER C.pdf10 Nov 2022
Building plan approvalFile: 720.pdf20 Sep 2022
Building plan approvalFile: 721.pdf20 Sep 2022
Building plan approvalFile: 722.pdf20 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: 720.pdf20 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: 721.pdf20 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: 722.pdf20 Sep 2022
Building plan approvalFile: TC PLAN 16092022 HIGHLIGHTED COLUMN 17092022.pdf17 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: TC PLAN 16092022 HIGHLIGHTED COLUMN 17092022.pdf17 Sep 2022
Building plan approvalFile: P1 PLAN FSI 15092022compressed HIGHLIGHTED.pdf15 Sep 2022
Building plan approvalFile: p2compressed.pdf15 Sep 2022
Copy of the legal title reportFile: Format A Balewadi Title Report 13092022 compressed 1to8.pdf15 Sep 2022
Copy of the legal title reportFile: Flow of Title Balewadi Title Report 13092022 9to63.pdf15 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: P1 PLAN FSI 15092022compressed HIGHLIGHTED.pdf15 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: p2compressed.pdf15 Sep 2022
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Tower C 14092022 Form 3 Rera.pdf15 Sep 2022
Layout approvalFile: IOD PLAN TO UPLOAD.pdf8 Sep 2022
Building plan approvalFile: PLAN 1.pdf8 Sep 2022
Building plan approvalFile: PLAN 2.pdf8 Sep 2022
PAN CardFile: PAN Kasturi Spaces.pdf8 Sep 2022
Copy of Layout Approval (in case of layout)File: IOD PLAN TO UPLOAD.pdf8 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: PLAN 1.pdf8 Sep 2022
Building Plan Approval / NA Order for plotted developmentFile: PLAN 2.pdf8 Sep 2022
Commencement Certificates / NA Order for plotted developmentFile: Commencement certificate.pdf8 Sep 2022
Declaration about Commencement CertificateFile: Declaration CC Tower C.PDF8 Sep 2022
CERSAI detailsFile: TC CERSAI Search Report.pdf8 Sep 2022

Promoter's earlier projects1

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.

1 under way, not due yet
ProjectLocationRegisteredStatusPromisedDelivered
The Balmoral Riverside-Tower D, Phase IIP52100028803balewadi, PuneMar 2021OngoingDec 2026Not due yet

How this compares with Pune

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 Balewadi13,700+ in Pune

2 kmThe Balmoral Towers - ToCompleted 131Lapsed / revoked 42Other 107Dot size: filed unitsN

Filed coordinates, straight-line distance. 280 registered projects within 2 km.

Builder: Kasturi Spaces Private Limited

Kasturi Spaces Private Limited has 4 registrations on MahaRERA, including The Balmoral Towers - Tower D, Phase I and The Balmoral Towers - Tower C, Phase II. Its filings disclose 1 earlier MahaRERA project, none completed yet. Read the full track record. See more projects on the Pune district page.

Frequently asked questions

What are my rights if The Balmoral Towers - Tower C, Phase II is delayed beyond 31 Dec 2028?

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 The Balmoral Towers - Tower C, Phase II?

The registered promoter entity is Kasturi Spaces Private Limited, a company as per the filing. Its GSTIN 27AAICK9645E1Z7 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 The Balmoral Towers - Tower C, Phase II?

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 The Balmoral Towers - Tower C, Phase II?

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 The Balmoral Towers - Tower C, Phase II?

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.

What should I check before booking in The Balmoral Towers - Tower C, Phase II?

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.

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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