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Registered Litigation declared Others project

VTP Sierra Phase1

By PRASANNA DEVELOPERS

RG-MH-17280 · RERA P52100028378 · Last updated on MahaRERA portal: 20 Jul 2026

Source: official MahaRERA filing

Red flags

  • Litigation declared, 2 cases
  • 22 complaints at MahaRERA
  • Completion date moved by 12 months
  • 1 extension taken
  • Rs 262.00 crore secured on the land, in favour of Capri Global Capital Limited

Clear

  • Separate project account declared
  • Allotment letter follows the model form

5 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.
Jun 2027Possession promisedmoved 12 months from the original
20 of 33Construction stages doneacross 3 buildings; furthest along: Installation of Lifts, 95%
10 of 515Units unsoldnot recorded sold or booked
22Complaints at MahaRERAon this registration
Jump to the 141 documents Report an error

VTP Sierra Phase1 is a Others project by PRASANNA DEVELOPERS in Pune, Maharashtra, registered with MahaRERA as P52100028378 on 22 Feb 2021. Possession is promised by 30 Jun 2027. The completion date has moved by 12 months from the original filing. 505 of the 515 units on this registration are recorded sold or booked, and 20 of 33 construction stages are filed complete. 22 complaints are on record with the regulator.

At a glance

Project

  • NameVTP Sierra Phase1
  • TypeOthers
  • Location
    • Baner Sus Road
    • Sus
    • Mulshi
    • Pune
    • 411045
  • Pincode411045
  • MapView location on Google Maps (as filed on RERA)
  • RERA no.P52100028378
  • ReraGenie IDRG-MH-17280

Builder

  • NamePRASANNA DEVELOPERS
  • Entity typePartnership
  • GSTIN27AAMFM0462A1ZM
  • GSTIN is from this promoter's other MahaRERA registrations. This project's own filing does not repeat it.
  • PartnersHarish Raoji Patil, Rohan Harish Patil, Bhushan Vilaskumar Palresha
  • Other registrations6 more →
  • Completed2 of 7
  • No longer live1 lapsed, de-registered or revoked
  • Declared earlier projects6 →

Key dates

this monthRegisteredFeb 2021First promiseJun 2026Revised toJun 2027

Key facts

Registration and timeline

  • StatusRegistered
  • Registered on22 Feb 2021
  • Promised completion30 Jun 2027
  • Revised completionRevised to 30 Jun 2027 (originally 30 Jun 2026)
  • Buildings3 building records
  • Documents filed141 files

Current status

98%505 of 515 units booked
88.4%Work done, per cost certificate

Figures as on 20 Jul 2026, this project's latest MahaRERA filing.

Buildings and wings, as sanctioned

BuildingWingFloors sanctionedHabitable floorsResidential unitsOther unitsTotal
Tower 1NA31272047211
Tower4NA31261520152
Tower 6NA31261520152

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 building3

As on 20 Jul 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.

20 of 33 construction stages are filed complete across 3 buildings. The stage furthest along is Installation of Lifts, at 95%.

Tower 1100%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor100%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises100%
Sanitary Fittings within the flats / premises100%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks100%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.100%
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.95%
Tower474%
ActivityProgress
Excavation100%
Basement (if any)100%
Podiums (if any)100%
Plinth100%
Stilt Floor100%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises75%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks63%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.26%
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.45%
Tower 674%
ActivityProgress
Excavation100%
Basement (if any)92%
Podiums (if any)95%
Plinth100%
Stilt Floor100%
Slabs of Super Structure100%
Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises83%
Sanitary Fittings within the flats / premises0%
Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks66%
External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing.31%
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.50%

Progress on shared amenities15

As on 20 Jul 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 & FootpathsYes78%
Water SupplyYes52%
Sewerage (Chamber, Lines, Septic Tank , STP)Yes55%
Storm Water DrainsYes58%
Landscaping & Tree PlantingYes30%
Street LightingYes20%
Community BuildingsYes0%
Treatment And Disposal Of Sewage And Sullage WaterYes72%
Solid Waste Management And DisposalYes50%
Water conservation /Rain water harvestingYes35%
Energy managemcntYes30%
Fire protection and fire safety requirementsYes50%
Electrical meter room, sub-station, receiving stationYes56%
Aggregate area of recreational Open SpaceYes0%
Open ParkingYes0%

Parking filed23

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 slots23
Closed/Covered3
Open Space20
BuildingClosed/CoveredOpen SpaceTotal
Tower 111011
Tower4156
Tower 6156

Land and ownership

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.

Land area2,166 sq m
Land owned byThe promoter
Named landownersNone
Encumbrance on the landDeclared present
Charge in favour ofCapri Global Capital Limited
Secured amountRs 262.00 crore
CERSAI search filedYes
Declared on24 Mar 2026

Approvals and building plan

Sanctioning authorityPune Metropolitan Regional Development Authority, Pune (PMRDA)
Permissible FSI40088.02
Proposed, not sanctioned36,088 sq m
Buildings approved3
Buildings sanctioned3

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 branchSAKORE NAGAR, PUNE
Estimated costRs 231.92 cr
Cost incurredRs 205.06 cr
Work done88.42%
BuildingWingEstimatedIncurred
Tower 1NARs 69.24 crRs 69.24 cr
Tower 6NARs 61.58 crRs 51.00 cr
Tower4NARs 57.88 crRs 49.77 cr
-NARs 43.23 crRs 35.05 cr

Certifying professionals and partners6

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

RoleName
ArchitectVK design & projects Pvt. Ltd.
EngineerStrudcom Consultants Private Limited.
EngineerVINAYAK BOGA
Chartered AccountantSPAK & CO.
Chartered AccountantKVMDS & ASSOCIATES
Chartered AccountantGMKS & CO.
PartnerRole in project
PRASANNA DEVELOPERS-

Extensions applied for1

A revised date filed with the regulator does not change the possession date in your agreement for sale.

EA29062621603Jun 2026 → Jun 2027

Reason as filed by the promoterAs per order of the Hon'ble Chairman (MahaRERA) Dated 29/07/2026, we request you kindly to grant us extension till 30/06/2027.

Litigation declared2

CaseCourtStatus
214/2023CJSD, PUNEOngoing
45/2023DDR, PuneClosed

Complaints filed with MahaRERA22

Case no.ComplainantRespondentFiled
CC12400124PRASANNA DEVELOPERSSHRUTI KEERTI NIGAM16/09/2024
CC12400148PRASANNA DEVELOPERSANGAD HIRACHAND SHINDE (ALLOTTEE)18/09/2024
CC12400611PRASANNA DEVELOPERSAJINKYA BHARAT TAYADE (ALLOTTEE)29/10/2024
CC12400612PRASANNA DEVELOPERSAJINKYA BHARAT TAYADE (ALLOTTEE)29/10/2024
CC12602193Premkumar KamblePRASANNA DEVELOPERS14/04/2026
CC12503600Aayush DharPRASANNA DEVELOPERS09/10/2025
CC12504042Shubham PatilPRASANNA DEVELOPERS16/11/2025
CC12504043Sagar Gundappa ThakkaPRASANNA DEVELOPERS16/11/2025
CC12504041Prashant Gajanan BhagatPRASANNA DEVELOPERS16/11/2025
CC12602590Ashok MahajanPRASANNA DEVELOPERS03/05/2026
CC12605084Kulwant SinghPRASANNA DEVELOPERS09/08/2026
CC12602988SANDEEP VILASRAO ATOLEPRASANNA DEVELOPERS20/05/2026
CC12603178Amit Shashikant TatarPRASANNA DEVELOPERS28/05/2026
CC12603519Niteen ZarbadePRASANNA DEVELOPERS07/06/2026
CC12604195Kasheeshkumar Dineshwar HarinkhedePRASANNA DEVELOPERS04/07/2026
CC12604101Narayan PawarPRASANNA DEVELOPERS01/07/2026
CC12604947NIKHIL SANJAY KOTHAWADEPRASANNA DEVELOPERS04/08/2026
CC12604794Amit Kumar RoyPRASANNA DEVELOPERS30/07/2026
CC12605009Bhaskar GullapelliPRASANNA DEVELOPERS06/08/2026
CC12604945Sunny ThangarajPRASANNA DEVELOPERS04/08/2026
CC12605037Rajesh R VermaPRASANNA DEVELOPERS07/08/2026
CC12605135Shailendra DhanorkarPRASANNA DEVELOPERS12/08/2026

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 7 Jan 2022
  2. Layout approvalOn the file

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

    uploaded 5 Jul 2024
  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 5 Jul 2024
  4. Commencement CertificateOn the file

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

    uploaded 5 Jul 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 30 Jun 2027

Documents filed141

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 141 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
Withdrawal Update Form 1File: FORM-1 SIERRA PHASE 1.pdf20 Jul 2026
Withdrawal Update Form 2File: Form 2 Signed - VTP Sierra Ph1.pdf20 Jul 2026
Withdrawal Update Form 3File: FORM-3 SIEERA PHASE 1.pdf20 Jul 2026
Form 2A (FY 2025-2026)File: VTP SIERRA PHASE 1.pdf18 Jun 2026
Withdrawal Update Form 1File: FORM-1 SIERRA PHASE 1.pdf20 Apr 2026
Withdrawal Update Form 2File: VTP SIERRA_RERA FORM-2 SIERRA PHASE 1.pdf20 Apr 2026
Withdrawal Update Form 3File: FORM-3 SIERRA PHASE 1.pdf20 Apr 2026
Withdrawal Update Form 1File: FORM-1 SIERRA PHASE 1 31122025.pdf20 Jan 2026
Withdrawal Update Form 2File: FORM-2 SIERRA PHASE 1.pdf20 Jan 2026
Withdrawal Update Form 3File: form 3 phase 1_11zon.pdf20 Jan 2026
Withdrawal Update Form 1File: FORM 1 SIERRA PHASE 1.pdf17 Oct 2025
Withdrawal Update Form 2File: FORM 2 Sierra Phase 1 30092025.pdf17 Oct 2025
Withdrawal Update Form 3File: FORM 3 SIERRA PHASE 1_compressed.pdf17 Oct 2025
Form 5 (FY 2024-2025)File: FORM 5 SIERRA PHASE 1.pdf22 Sep 2025
Form 2A (FY 2024-2025)File: FORM 2A SIEERA PHASE 1.pdf24 Jun 2025
Form 1File: Form 1 Sierra Phase 1.pdf22 May 2025
Form 2File: Form 2 Sierra Phase 1.pdf22 May 2025
Form 3File: Form 3 Sierra Phase 1.pdf22 May 2025
Disclosure of Sold and Booked InventoryFile: SIERRA PH1 31032025.pdf22 May 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: Form 1 Sierra Phase 1.pdf19 Apr 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3 Sierra Phase 1.pdf19 Apr 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: Form 2 Sierra Phase 1.pdf19 Apr 2025
Disclosure of sold/ booked inventoryFile: SIERRA PH1 31032025.pdf7 Apr 2025
Letter from the bank regarding the opening of RERA Designated Bank Accounts (Format B)File: Bank Letter VTP Sierra Ph 1.pdf17 Mar 2025
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PHASE 1 31122024.pdf29 Jan 2025
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 SIERRA PHASE 1 31122024.pdf20 Jan 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIEERA PHASE 1 31122024.pdf20 Jan 2025
Disclosure of sold/ booked inventoryFile: SIERRA PHASE 1 31122024.pdf14 Jan 2025
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIERRA PHASE 1REVISED.pdf5 Dec 2024
Disclosure of sold/ booked inventoryFile: Inventory sierra phase 1_30092024 revised.pdf5 Dec 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Form 3_Vtp sierra phase1_08102024.pdf28 Oct 2024
Disclosure of sold/ booked inventoryFile: revised inventory sierra phase 1.pdf28 Oct 2024
Declaration about all RERA Designated Bank Accounts (Format A)File: FORMAT A SIERRA PHASE 1.pdf28 Oct 2024
Declaration about all RERA Designated Bank Accounts (Format A)File: 1 Declaration-cum-undertaking for change of bank account (Annexure A).pdf28 Oct 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: VTP Sierra Phase 1_Form 3_Sep24_11zon.pdf26 Oct 2024
Declaration about all RERA Designated Bank Accounts (Format A)File: Format A- sierra Phase 1.pdf26 Oct 2024
Declaration about all RERA Designated Bank Accounts (Format A)File: DECLARATION SIERRA PHASE 1_rotated (1).pdf26 Oct 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PHASE 1 10102024.pdf18 Oct 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PHASE 1 10102024.pdf18 Oct 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 SIERRA PHASE 1 30092024.pdf16 Oct 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIERRA PHASE 1 30092024.pdf16 Oct 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIERRA PHASE 1 30092024.pdf16 Oct 2024
Disclosure of sold/ booked inventoryFile: SIERRA PH1.pdf14 Oct 2024
Annual Audit Report of Statutory CA (Form 5) (FY 2023-24)File: FORM 5 - SIERRAPHASE1.pdf7 Oct 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 SIERRA PH 1 30062024.pdf27 Jul 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PH 1 10072024.pdf27 Jul 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: Sierra Phase 1_Form 3_Jun24_compressed-compressed.pdf22 Jul 2024
Disclosure of sold/ booked inventoryFile: SIERRA PHASE 1 30062024.pdf6 Jul 2024
Layout approvalFile: SIERRA PHASE 1_Layout_highlighted_compressed.pdf5 Jul 2024
Building plan approvalFile: 15_54Tower11st to 26 floor plan.pdf5 Jul 2024
Building plan approvalFile: 14_54_Tower_1_GR_Mezz.pdf5 Jul 2024
Building plan approvalFile: 23_54_Tower_4_.pdf5 Jul 2024
Building plan approvalFile: 24_54_Tower_4_.pdf5 Jul 2024
Building plan approvalFile: 30_54_Tower_6_.pdf5 Jul 2024
Building plan approvalFile: 31_54_Tower_6_.pdf5 Jul 2024
Copy of Layout Approval (in case of layout)File: SIERRA PHASE 1_Layout_highlighted_compressed.pdf5 Jul 2024
Building Plan Approval / NA Order for plotted developmentFile: 15_54Tower11st to 26 floor plan.pdf5 Jul 2024
Building Plan Approval / NA Order for plotted developmentFile: 14_54_Tower_1_GR_Mezz.pdf5 Jul 2024
Building Plan Approval / NA Order for plotted developmentFile: 23_54_Tower_4_.pdf5 Jul 2024
Building Plan Approval / NA Order for plotted developmentFile: 24_54_Tower_4_.pdf5 Jul 2024
Building Plan Approval / NA Order for plotted developmentFile: 30_54_Tower_6_.pdf5 Jul 2024
Building Plan Approval / NA Order for plotted developmentFile: 31_54_Tower_6_.pdf5 Jul 2024
Commencement Certificates / NA Order for plotted developmentFile: CC_.pdf5 Jul 2024
Declaration about Commencement CertificateFile: Declaration_CC_Vtp_Sierra_Phase_1.pdf5 Jul 2024
Engineers Certificate on Quality Assurance (Form 2A FY 2023-24)File: FORM 2A SIERRA PHASE 1 31032024.pdf16 May 2024
Disclosure of sold/ booked inventoryFile: INVENTORY SIERRA PHASE 1 31032024.pdf8 May 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PHASE 1 31032024.pdf30 Apr 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIERRA PHASE 1 31032024.pdf27 Apr 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 SIERRA PHASE 1 31032024.pdf4 Apr 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PHASE 1 31032022.pdf22 Mar 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PHASE 1 30092022.pdf22 Mar 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIERRA PHASE 1 31032022.pdf22 Mar 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIERRA PHASE 1 30062022.pdf22 Mar 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIERRA PHASE 1 30092022.pdf22 Mar 2024
Disclosure of sold/ booked inventoryFile: INVENTORY SIERRA PHASE 1 31122023.pdf8 Mar 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PHASE 1 31122023.pdf5 Feb 2024
Architect’s Certificate of Percentage of Completion of Work (Form 1)File: FORM 1 SIERRA PHASE 1 31122023.pdf22 Jan 2024
CA Certificate on Project Cost & Fund withdrawal (Form 3)File: FORM 3 SIERRA PHASE 1 31122023.pdf22 Jan 2024
Engineer’s Certificate on Cost Incurred on Project (Form 2)File: FORM 2 SIERRA PHASE 1 30092023.pdf30 Oct 2023
Disclosure of sold/ booked inventoryFile: INVENTORY SIERRA PHASE 1 30092023.pdf30 Oct 2023

Promoter's earlier projects3

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.

3 under way, not due yet
ProjectLocationFlatsRegisteredStatusPromisedDelivered
VTP VerveP52100031556Sus, Pune701Oct 2021OngoingDec 2029Registered original: Jun 2026Not due yet
VTP SIERRA PHASE 3P52100076811Sus, Pune152Jun 2024OngoingJun 2028Not due yet
VTP SIERRA PHASE-2P52100029394Sus, Pune361May 2021OngoingDec 2026Registered original: Dec 2025Not due yet

How this compares with Pune

98%of this project is bookeddistrict median 31%
26%of Pune projects moved their completion datethis one moved by 12 months
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 Sus13,700+ in Pune

2 kmVTP Sierra Phase1Completed 109Lapsed / revoked 33Other 59Dot size: filed unitsN

Filed coordinates, straight-line distance. 201 registered projects within 2 km.

Builder: PRASANNA DEVELOPERS

PRASANNA DEVELOPERS has 7 registrations on MahaRERA, including PRASANNA I SQUARE and PRASANNA TULSHIBAUG. Its filings disclose 6 earlier MahaRERA projects: declares 0 of 2 past projects completed on time. Litigation is declared on 3 of its registrations. Read the full track record. See more projects on the Pune district page.

Frequently asked questions

What are my rights if VTP Sierra Phase1 is delayed beyond 30 Jun 2027?

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 VTP Sierra Phase1?

The registered promoter entity is PRASANNA DEVELOPERS, a partnership as per the filing. Its GSTIN 27AAMFM0462A1ZM 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 VTP Sierra Phase1?

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 VTP Sierra Phase1?

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 VTP Sierra Phase1?

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 VTP Sierra Phase1?

The professionals named in the filing: Architect: VK design & projects Pvt. Ltd.; Engineer: Strudcom Consultants Private Limited.; Engineer: VINAYAK BOGA; Chartered Accountant: SPAK & CO.; Chartered Accountant: KVMDS & ASSOCIATES; Chartered Accountant: GMKS & 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 VTP Sierra Phase1?

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; 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.

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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