Home / Browse projects / Pune, Maharashtra / The Balmoral Towers - Tower D, Phase I
The Balmoral Towers - Tower D, Phase I
By Kasturi Spaces Private Limited
RG-MH-89504 · RERA P52100047009 · Last updated on MahaRERA portal: 10 Apr 2026
Source: official MahaRERA filing
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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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The Balmoral Towers - Tower D, Phase I is a Residential / Group Housing project by Kasturi Spaces Private Limited in Pune, Maharashtra, registered with MahaRERA as P52100047009 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 D, Phase I
- TypeResidential / Group Housing
- Location
- Balewadi
- Haveli
- Pune
- 411045
- Pincode411045
- MapView location on Google Maps (as filed on RERA)
- RERA no.P52100047009
- ReraGenie IDRG-MH-89504
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on26 Sep 2022
- Promised completion31 Dec 2028
- Revised completionNone
- Buildings1 building record
- Documents filed79 files
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Tower D The Balmoral Towers Balewadi | NA | 40 | 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 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 32%.
Tower D The Balmoral Towers Balewadi: 40% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | 100% |
| Podiums (if any) | 100% |
| Plinth | 100% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 32% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 5% |
| 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 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 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 | Yes | 0% |
| 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 filed94
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 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.
| Landowner | Village | District |
|---|---|---|
| XRBIA DEVELOPERS LIMITED | Pune (M Corp.) | Pune |
| NAHAR BROTHERS REALTORS PVT LTD | Pune (M Corp.) | Pune |
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 partners
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Partner | Role in project |
|---|---|
| Kasturi Spaces Private Limited | - |
Complaints filed with MahaRERA2
| Case no. | Complainant | Respondent | Filed |
|---|---|---|---|
| CC005000000258968 | Suryakanth Dhanawade | Nahar Brothers Realtors Private Limited | 07/06/2023 |
| CC005000000320597 | Arpit Mangal | Kasturi Spaces Pvt Ltd. | 13/03/2024 |
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.
- Legal title reportOn the file
A lawyer's report on who owns the land and what is registered against it.
uploaded 7 Sep 2022 - Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 2 May 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 2 May 2024 - 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. - 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 filed79
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 |
|---|---|
| Form 1File: Form 1 TBT Tower D.PDF | 10 Apr 2026 |
| Form 2File: TBT D JAN-MAR-26.PDF | 10 Apr 2026 |
| Form 3File: TBT - D - Form 3.PDF | 10 Apr 2026 |
| Disclosure of Sold and Booked InventoryFile: Sold Unsold TBT D.PDF | 10 Apr 2026 |
| Form 1File: Form 1 Architect Certificate Tower D.PDF | 9 Jan 2026 |
| Form 2File: TBT-TD - Form 2.pdf | 9 Jan 2026 |
| Form 3File: D-Form 3.PDF | 9 Jan 2026 |
| Disclosure of Sold and Booked InventoryFile: Sold Unsold Data Tower D TBT-31st December 2025.PDF | 9 Jan 2026 |
| Form 1File: TOWER D FORM 1 ARCHITECTS CERTIFICATE.PDF | 12 Oct 2025 |
| Form 3File: Tbt D form3_09102025170512.PDF | 12 Oct 2025 |
| Form 2File: TBT-D.PDF | 12 Oct 2025 |
| Disclosure of Sold and Booked InventoryFile: TBT_D SOLD UNSOLD INVENTORY 30 Sep 2025.pdf | 12 Oct 2025 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Tower D.PDF | 16 Jul 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: TBT FORM 3 Tower D.PDF | 16 Jul 2025 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: TBT -D.PDF | 16 Jul 2025 |
| Disclosure of sold/ booked inventoryFile: TBT D INVENTORY Q1_02072025161428.PDF | 16 Jul 2025 |
| Form 1File: Tower D.PDF | 15 Jul 2025 |
| Form 2File: TBT -D.PDF | 15 Jul 2025 |
| Form 3File: TBT FORM 3 Tower D.PDF | 15 Jul 2025 |
| Disclosure of Sold and Booked InventoryFile: TBT D INVENTORY Q1_02072025161428.PDF | 15 Jul 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Tower -D.PDF | 17 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: INVENTORY TBT D_15042025150513.PDF | 17 Apr 2025 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: TBT D.PDF | 9 Apr 2025 |
| Disclosure of sold/ booked inventoryFile: TBT D Building.PDF | 15 Jan 2025 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 TBT TOWER D.PDF | 13 Nov 2024 |
| Disclosure of sold/ booked inventoryFile: TBT Tower D.PDF | 13 Nov 2024 |
| Disclosure of sold/ booked inventoryFile: TBT Tower D.PDF | 13 Nov 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: TBT Tower D Architect Certificate.PDF | 11 Jul 2024 |
| Disclosure of sold/ booked inventoryFile: Kspl tower D_10072024182134.PDF | 11 Jul 2024 |
| Annual Audit Report of Statutory CA (Form 5) (FY 2022-23)File: KSPL - Annexure F Form 5 -D.pdf | 29 May 2024 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: TBT _Tower D Form 3.pdf | 26 May 2024 |
| Layout approvalFile: 1 Copy of Layout Approval (in case of layout).pdf | 2 May 2024 |
| Layout approvalFile: 1 Copy of Layout Approval (in case of layout).pdf | 2 May 2024 |
| Layout approvalFile: 1 Copy of Layout Approval (in case of layout).pdf | 2 May 2024 |
| Building plan approvalFile: 1 Building Plan Approval _ NA Order for plotted development.pdf | 2 May 2024 |
| Copy of Layout Approval (in case of layout)File: 1 Copy of Layout Approval (in case of layout).pdf | 2 May 2024 |
| Copy of Layout Approval (in case of layout)File: 1 Copy of Layout Approval (in case of layout).pdf | 2 May 2024 |
| Copy of Layout Approval (in case of layout)File: 1 Copy of Layout Approval (in case of layout).pdf | 2 May 2024 |
| Building Plan Approval / NA Order for plotted developmentFile: 1 Building Plan Approval _ NA Order for plotted development.pdf | 2 May 2024 |
| Commencement Certificates / NA Order for plotted developmentFile: 1 Commencement Certificates _ NA Order for plotted development.pdf | 2 May 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: TBT Tower D.pdf | 30 Apr 2024 |
| Disclosure of sold/ booked inventoryFile: TBT Tower D.PDF | 30 Apr 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2021-22)File: TBT D 2022.PDF | 6 Jan 2024 |
| Engineers Certificate on Quality Assurance (Form 2A FY 2022-23)File: TBT D 2023.PDF | 6 Jan 2024 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Architect Certificate Tower D.PDF | 20 Dec 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: EnggCertificate Tower D.PDF | 20 Dec 2023 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3-16 10 2023.pdf | 20 Dec 2023 |
| Details of encumbrances concerned to FinanceFile: TBT mortgage.pdf | 6 Dec 2023 |
| Details of encumbrances concerned to LegalFile: TBT mortgage.pdf | 6 Dec 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: TBT D-01-07.PDF | 5 Dec 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: TBT-D-2-10.PDF | 5 Dec 2023 |
| Building plan approvalFile: PLAN-01-10_compressed.pdf | 19 May 2023 |
| Building Plan Approval / NA Order for plotted developmentFile: PLAN-01-10_compressed.pdf | 19 May 2023 |
| Commencement Certificates / NA Order for plotted developmentFile: CC-0005-23 DT 03-04-2023_compressed.pdf | 19 May 2023 |
| Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Tower D Date 31-03-2023.PDF | 12 May 2023 |
| Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Tower D Date 31-03-2023.PDF | 12 May 2023 |
| Disclosure of sold/ booked inventoryFile: TOWER D KSPL.PDF | 12 May 2023 |
| Proforma of Agreement for saleFile: Final TBT AtoS Draft Tower D 4112022 with changes smita.pdf | 22 Nov 2022 |
| Proforma of Agreement for saleFile: Final TBT TOWER D.pdf | 10 Nov 2022 |
| Proforma of Allotment letterFile: 1mb TBT TDmergedcompressed.pdf | 19 Sep 2022 |
| Proforma of Allotment letterFile: 1mb Agreement TD scancompressed.pdf | 19 Sep 2022 |
| Layout approvalFile: IOD PLAN TO UPLOAD.pdf | 8 Sep 2022 |
| Building plan approvalFile: PLAN 1.pdf | 8 Sep 2022 |
| Building plan approvalFile: PLAN 2.pdf | 8 Sep 2022 |
| Copy of Layout Approval (in case of layout)File: IOD PLAN TO UPLOAD.pdf | 8 Sep 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: PLAN 1.pdf | 8 Sep 2022 |
| Building Plan Approval / NA Order for plotted developmentFile: PLAN 2.pdf | 8 Sep 2022 |
| Commencement Certificates / NA Order for plotted developmentFile: Commencement certificate.pdf | 8 Sep 2022 |
| Declaration about Commencement CertificateFile: Declaration CC Tower D.PDF | 8 Sep 2022 |
| CERSAI detailsFile: CERSAISearchReport200246677083.pdf | 8 Sep 2022 |
| CA Certificate on Project Cost & Fund withdrawal (Form 3)File: TBT TD CA Certificatecompressed.pdf | 8 Sep 2022 |
| Separate Bank Account details including no encumbrances on the Bank Account or no escrow on the sameFile: Bank Format A Tower D.PDF | 8 Sep 2022 |
| Deviation Report with respect to Allotment letterFile: TD Deviation allotment.pdf | 8 Sep 2022 |
| Deviation Report with respect to model copy of AgreementFile: TD Deviation agreement.pdf | 8 Sep 2022 |
| PAN CardFile: 6 PAN Kasturi Spaces.pdf | 7 Sep 2022 |
| Copy of the legal title reportFile: 1mb Title Report 30082022 compressed.pdf | 7 Sep 2022 |
| Details of encumbrances concerned to FinanceFile: TD Encumbrances finance.pdf | 7 Sep 2022 |
| Details of encumbrances concerned to LegalFile: TD Encumbrance legal.pdf | 7 Sep 2022 |
| Declaration in FORM BFile: 1mb TD Self declaration Form Bcompressed.pdf | 7 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.
| Project | Location | Registered | Status | Promised | Delivered |
|---|---|---|---|---|---|
| The Balmoral Riverside-Tower D, Phase IIP52100028803 | balewadi, Pune | Mar 2021 | Ongoing | Dec 2026 | Not due yet |
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How this compares with Pune
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Buyer report
Built from this project's filings on the day you order, in plain language.
- 1 condition on this project's record read and explained, with the clear checks alongside
- Joined against the promoter's 3 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 79 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
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- Plain words, conditions that have happened marked in red
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Filed coordinates, straight-line distance. 280 registered projects within 2 km.
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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 D, Phase I 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 D, Phase I?
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 D, Phase I?
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 D, Phase I?
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 D, Phase I?
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 D, Phase I?
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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