Archana Prestige

Project Overview

Archana Prestige is a completed real estate project situated in mohamadwadi, Pune, Maharashtra. It is registered under MahaRERA with registration number P52100050992, filed on 02 May 2023. The project comprises 1 building with a total of 63 units. The sanctioned completion date is 31 December 2025.

Location & Connectivity

Archana Prestige is located in mohamadwadi, Pune, Maharashtra. Pune's expanding urban fabric offers robust road and rail connectivity through the Pune Metropolitan Region. The mohamadwadi locality in Pune provides access to key city-centre destinations, educational institutions, healthcare facilities, and transportation hubs within the Pune Metropolitan Region.

Developer & Approvals

The project is developed by KANIFNATH REALITY, operating under the regulatory oversight of MahaRERA. MahaRERA registration number P52100050992 is the definitive identifier for this project; all compliance filings, quarterly progress reports, and escrow account details are accessible on the MahaRERA portal (maharera.mahaonline.gov.in). The project was registered with the authority on 02 May 2023. Maharashtra's Real Estate (Regulation and Development) Act, 2016 mandates that promoters maintain a designated escrow account holding at least 70% of collected amounts, file quarterly progress reports, and obtain Occupancy Certificate before handing possession to buyers. Buyers are advised to verify the current status of this registration—particularly if the RERA status is shown as Lapsed—directly on the portal before entering into any agreement.

Configurations & Amenities

Specific unit configurations are not enumerated in the available RERA filing data; buyers should request the full unit schedule from the promoter or the MahaRERA portal. Of 63 total units, 19 were sold, 0 booked, and 44 remained unsold at the time of the last filing.

In terms of facilities, the project is designed to provide residents with: 24x7 Security with CCTV, Power Backup, High-Speed Passenger Lifts, Landscaped Gardens, Swimming Pool, Gymnasium, Clubhouse, Children's Play Area, and 6 additional facilities. Additional facilities include Jogging Track, Indoor Games Room, Multipurpose Hall, Ample Visitor Parking, and more. Buyers should confirm the actual scope of facilities against the RERA-filed amenities declaration, as only contractually committed amenities carry regulatory enforceability.

Investment & Buyer Due Diligence

Archana Prestige, registered under MahaRERA as P52100050992, carries a current status of Completed on the MahaRERA portal. A Completed status generally indicates that the promoter has obtained the Occupancy Certificate and fulfilled their RERA reporting obligations. Buyers should verify possession readiness, confirm OC availability, and review the society formation status before finalising any transaction.

For due diligence purposes, buyers should: (a) independently verify the RERA registration, promoter identity, and quarterly filings on maharera.mahaonline.gov.in; (b) inspect the municipal-sanctioned building plan and confirm no deviation from filed plans; (c) confirm the developer's escrow account details to ensure payment protection; (d) review the promoter's track record across all prior projects registered on MahaRERA; (e) engage an independent legal professional to review the Agreement for Sale before payment; and (f) physically inspect the site and neighbourhood connectivity at different times. The agreed possession timeline under RERA is 31 December 2025. Any delay beyond this date entitles buyers to compensation under Section 18 of RERA.