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VANAHA VERDANT MAHOGANY I & II
By IMAGE REALTY PRIVATE LIMITED
RG-MH-32862 · RERA PR1260002500246 · Last updated on MahaRERA portal: 20 Apr 2026
Source: official MahaRERA filing
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Red flags
- Rs 350.00 crore secured on the land, in favour of IDBI TRUSTEESHIP SERVICES LTD
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
- All 4 earlier projects delivered on promise
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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VANAHA VERDANT MAHOGANY I & II is a Residential / Group Housing project by IMAGE REALTY PRIVATE LIMITED in Pune, Maharashtra, registered with MahaRERA as PR1260002500246 on 10 Jul 2025. Possession is promised by 30 Jun 2030. 125 of the 363 units on this registration are recorded sold or booked, and 2 of 18 construction stages are filed complete.
At a glance
Project
- NameVANAHA VERDANT MAHOGANY I & II
- TypeResidential / Group Housing
- Location
- Sector OCR-12 Oxford City Township
- Lavale
- Mulshi
- Pune
- 412115
- Pincode412115
- MapView location on Google Maps (as filed on RERA)
- RERA no.PR1260002500246
- ReraGenie IDRG-MH-32862
Builder
- NameIMAGE REALTY PRIVATE LIMITED
- Entity typeCompany
- CINU68200MH2026PTC465298
- GSTIN27AAICI6208F1ZM
- PartnersNirav Bhupendra Dalal, Haresh Jayantilal Shah, Nirav Bhupendra Dalal, Haresh Jayantilal Shah, Nirav Bhupendra Dalal, Haresh Jayantilal Shah, Nirav Bhupendra Dalal, Haresh Jayantilal Shah, Nirav Bhupendra Dalal
- Other registrations9 more →
- Declared earlier projects4 →
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on10 Jul 2025
- Promised completion30 Jun 2030
- Revised completionNone
- Buildings2 building records
- Documents filed23 files
Current status
Figures as on 20 Apr 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Tower V3 | NA | 32 | 31 | 179 | 0 | 179 |
| Tower V4 | NA | 32 | 31 | 184 | 0 | 184 |
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 20 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.
2 of 18 construction stages are filed complete across 2 buildings. The stage furthest along is Plinth, at 0%.
Tower V311%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | Not applicable |
| Podiums (if any) | Not applicable |
| 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% |
Tower V411%
| Activity | Progress |
|---|---|
| Excavation | 100% |
| Basement (if any) | Not applicable |
| Podiums (if any) | Not applicable |
| 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 20 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 | No | 0% |
| Water Supply | No | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | 0% |
| Storm Water Drains | No | 0% |
| Landscaping & Tree Planting | No | 0% |
| Street Lighting | No | 0% |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | 0% |
| Solid Waste Management And Disposal | No | 0% |
| Water conservation /Rain water harvesting | No | 0% |
| Energy managemcnt | No | 0% |
| Fire protection and fire safety requirements | No | 0% |
| Electrical meter room, sub-station, receiving station | No | 0% |
| Aggregate area of recreational Open Space | No | 0% |
| Open Parking | No | Not applicable |
Parking filed911
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 | Stilt / Ground | Total |
|---|---|---|
| Tower V3 | 451 | 451 |
| Tower V4 | 460 | 460 |
Land and ownership1
MahaRERA does not publish landowner contact details. A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.
| Landowner | Village | District |
|---|---|---|
| Knowledge City Education Private Limited | 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.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| Tower V4 | NA | Rs 108.01 cr | Rs 2.85 cr |
| Tower V3 | NA | Rs 96.54 cr | Rs 2.55 cr |
| - | NA | Rs 22.56 cr | - |
Certifying professionals and partners5
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Parag Deshpande |
| Architect | Crystal Arch |
| Engineer | Satish Marathe |
| Engineer | AJIT SURESH KULKARNI |
| Chartered Accountant | BR Nagda & Co |
| Partner | Role in project |
|---|---|
| IMAGE REALTY PRIVATE LIMITED | - |
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 reportNot on the file
A lawyer's report on who owns the land and what is registered against it.
- Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 4 Jul 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 23 Jun 2025 - Commencement CertificateNot on the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
- 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 30 Jun 2030
Documents filed23
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_Mahogany I and II_Certificate_3112 2025.pdf | 20 Apr 2026 |
| Withdrawal Update Form 2File: Engineer Certificate MAHOGANY I and II 31 03 2026.pdf | 20 Apr 2026 |
| Withdrawal Update Form 3File: 20260331 RERA Certificate OCR 12B T3 and4 Vahana Verdant Mahogany I and II.pdf | 20 Apr 2026 |
| Withdrawal Update Form 1File: Form 1_Mahogany I and II_Certificate_3112 2025.pdf | 2 Feb 2026 |
| Withdrawal Update Form 2File: Mahogany I and II_Eng Cert 31 12 2025.pdf | 2 Feb 2026 |
| Withdrawal Update Form 3File: 20251231 Form 3_Vanaha Verdant Mahogany I and II.pdf | 2 Feb 2026 |
| Withdrawal Update Form 1File: Form 1_Mahogany I and II_Certificate_30 092025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 1File: Form 1_Mahogany I and II_Certificate_30 092025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 2File: Mahogany I and II_Eng Cert 30 09 2025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 2File: Mahogany I and II_Eng Cert 30 09 2025.pdf | 30 Jan 2026 |
| Withdrawal Update Form 3File: 20250930 Form 3_Vahana Verdant Mahogany I and II.pdf | 30 Jan 2026 |
| Withdrawal Update Form 3File: 20250930 Form 3_Vahana Verdant Mahogany I and II.pdf | 30 Jan 2026 |
| Layout approvalFile: Layout Approved Plan.pdf | 4 Jul 2025 |
| Declaration and undertaking (Annexure A)File: Declaration cum Undertaking- Order No-50_Mahogany.pdf | 24 Jun 2025 |
| Building plan approvalFile: 54_73-.pdf | 23 Jun 2025 |
| Building plan approvalFile: 55_73.pdf | 23 Jun 2025 |
| Building plan approvalFile: 56_73.pdf | 23 Jun 2025 |
| Building plan approvalFile: 57_73.pdf | 23 Jun 2025 |
| Building plan approvalFile: 58_73.pdf | 23 Jun 2025 |
| Building plan approvalFile: 59_73.pdf | 23 Jun 2025 |
| Building plan approvalFile: 60_73.pdf | 23 Jun 2025 |
| Building plan approvalFile: 61_73.pdf | 23 Jun 2025 |
| Building plan approvalFile: 62_73.pdf | 23 Jun 2025 |
Promoter's earlier projects4
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 | Registered | Status | Promised | Delivered |
|---|---|---|---|---|---|---|
| YAHAVI-TOWER-3-TEAKP52100028033 | OXFORD GOLF COURSE, Pune | 218 | Jan 2021 | Completed | Jun 2024 | Jun 2024 |
| YAHAVI-TOWER-2-PINEP52100028082 | OXFORD GOLF COURSE, Pune | 218 | Jan 2021 | Completed | Jun 2024 | Jun 2024 |
| YAHAVI-TOWER-1-OAKP52100028031 | OXFORD GOLF COURSE, Pune | 218 | Jan 2021 | Completed | Jun 2024 | Jun 2024 |
| YAHAVI RETAILP52100031784 | OXFORD GOLF COURSE, Pune | 19 | Nov 2021 | Completed | Jun 2024 | Jun 2024 |
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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 9 other registrations and every project registered within 2 km, which the RERA portal never shows together
- All 23 filed documents as one ZIP, foldered, with a manifest
- The project watch below, included free for 90 days
Project watch
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- An email each time this filing moves: new sales, a moved possession date, an extension, a complaint, the occupancy certificate
- Plain words, conditions that have happened marked in red
- A summary of everything that changed when the 90 days end
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Builder: IMAGE REALTY PRIVATE LIMITED
IMAGE REALTY PRIVATE LIMITED has 10 registrations on MahaRERA, including VANAHA SPRINGS T1 WILLOW and VANAHA SPRINGS T2 CEDAR. Its filings disclose 4 earlier MahaRERA projects: declares 4 of 4 past projects completed on time. Litigation is declared on 5 of its registrations. Read the full track record. See more projects on the Pune district page.
Frequently asked questions
What are my rights if VANAHA VERDANT MAHOGANY I & II is delayed beyond 30 Jun 2030?
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 VANAHA VERDANT MAHOGANY I & II?
The registered promoter entity is IMAGE REALTY PRIVATE LIMITED, a company as per the filing. Its CIN U68200MH2026PTC465298 and GSTIN 27AAICI6208F1ZM 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 VANAHA VERDANT MAHOGANY I & 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 current is the construction progress shown for VANAHA VERDANT MAHOGANY I & 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.
Who certifies construction progress at VANAHA VERDANT MAHOGANY I & II?
The professionals named in the filing: Architect: Parag Deshpande; Architect: Crystal Arch; Engineer: Satish Marathe; Engineer: AJIT SURESH KULKARNI; Chartered Accountant: BR Nagda & Co. 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 VANAHA VERDANT MAHOGANY I & 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.
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