PRIVIA PRESTIGE - RERA Verification & Possession Date Report

PRIVIA PRESTIGE is an official RERA registered real estate project in Pune, Maharashtra, developed by ELLORA ASIAN REALTY PVT LTD. RERA Registration Number: P52100020384. Official Registered Completion Deadline: 2025-06-30. Regulatory Authority: Maharashtra Real Estate Regulatory Authority. 70% Escrow Bank Account: Scheduled Commercial Bank under Section 4(2)(l)(D). Locality and Address: Pune.

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PRIVIA PRESTIGE
Builder / Developer|
0 Delivered • 96% On-Time Record

PRIVIA PRESTIGE

Pune, Maharashtra(Pune)Residential Development
✓
Official Maharashtra RERA RecordP52100020384
Ongoing Construction
Official RERA IDP52100020384
Units
Pending
⚠️ Pending
Area
7.22 Acres
✓ Survey
Target
Jun 2025
✓ Declared
PRIVIA PRESTIGE
Representative Visual • Physical site inspection required
Verify Location on Map ↗

Official Government Verification Checklist

Verified Government Filings

Objective official evaluation against official Maharashtra RERA filings. Not a commercial safety rating or investment endorsement.

RERA RegistrationActive Registration (Maharashtra RERA)

Officially registered with government certificate P52100020384.

Delivery Schedule78% Work Completed

Declared target possession: 2025-06-30. Physical completion reported at 78%.

70% Escrow AccountDedicated Bank Account on Record (null)

Designated 70% project bank account verified with null.

Regulatory ComplianceZero Revocation Orders

No active stop-work notices, stay orders, or license revocations found on public state registry.

Sanctioned Blueprints2 Verified Filings Indexed

Town planning master layout, CA Form 3 filings, and progress certificates available in government vault.

⚖️ Legal Notice: This checklist reflects official disclosures filed on official state portals. A verified record does not constitute commercial safety or investment advice.

Pre-Booking Property Report Unlocked

Full Access Active

You have unlocked the complete pre-booking property report for this project, including CA Form 3 bank escrow audit, non-encumbrance title checks, and 17-page stamped PDF download.

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Official Gazette MirrorVerified with Maharashtra RERAFull Access Active

Last synced: 2 hours ago (Auto-synced today) • Local vault cached

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What you should know

A quick summary of the most important information from available RERA records and documents.

Project Registered

Officially registered on Maharashtra RERA portal

ELLORA ASIAN REALTY PVT LTD

Registered builder on record (DEV-MH-ellora-asian-realty-pvt-ltd)

30 June 2025

Declared official completion date

16 Mo Delay
Physical Work78%
Elapsed Time100%
The Hidden Money AuditSworn RERA CA Form 3 Filing

What Builder Pays vs What They Ask You

Builders promote swimming pools and luxury finishes, but hide what they actually paid for the land and concrete. We extracted the sworn Chartered Accountant audit (CA Form 3) and Site Engineer certificates (Form 2) from government records.

Audit Source
State RERA Public Gazette
Builder's Hard CostLand + Cement
₹2,434 / sq.ft
Land Acquisition:₹649/sqft
Construction (RCC + Finishing):₹1,785/sqft
+1.8x Builder Markup
+₹1,856 / sq.ft

Gross profit buffer, sales gallery marketing, celebrity endorsements & broker commissions.

What Builder Asks YouAsking Rate
₹4,290 / sq.ft
Builder Gross Margin:43% Margin
Negotiation Room:Moderate Leverage
1. Land OutlayCA Form 3
₹48 Cr
~₹649 / sq.ftland share

What the builder paid to buy the land plot & transfer rights before building.

2. Building ExpenseForm 2 Engineer
₹132 Cr
~₹1,785 / sq.ftcivil + finishes

Actual costs certified for structural concrete, steel, labor, lifts & electrical.

3. Declared Total BudgetSworn Gazette
₹180 Cr
~₹2,434 / sq.fthard cost

The builder's sworn total budget filed under legal oath with RERA authority.

4. Current Asking RateSales Quote
₹4,290 / sq.ft
+1.8x over hard cost(43% margin)

Current sales gallery quote. Difference includes developer profit & commissions.

Where Every ₹100 of Your Home Price Actually Goes:Based on sworn CA Form 3 filings vs quoted asking rate
Land Outlay~15% (₹649/sqft)
Physical Building~42% (₹1,785/sqft)
Builder Profit & Marketing~43% (₹1,856/sqft)

Interactive Flat Price Reality Calculator

Select your flat size to see what the builder actually spends to build YOUR home vs what they charge you.

Adjust Custom Flat Carpet Area:1,000 Sq.Ft.
450 Sq.Ft (Studio)1,500 Sq.Ft (Large 3 BHK)4,000 Sq.Ft (Duplex Penthouse)
Actual Cost to Build (1000 sqft)₹24.3 LakhsRaw Land + Cement + Structural Steel
What Builder Quotes You₹42.9 LakhsAt ₹4,290/sqft asking rate
Builder Gross Profit Buffer+₹18.6 LakhsRoom for negotiation & discounts

3 Direct Negotiation Scripts for Homebuyers in the Sales Office:

1. Covered Car Parking (Save ₹3–5 Lakhs)

When they quote ₹4,00,000 for parking, point out that their sworn RCC basement construction cost is under ₹75,000 per slot. Demand parking included at no extra charge.

2. Floor-Rise Charges (Save ₹2–4 Lakhs)

Builders charge ₹50–100/sq.ft per floor. Their engineer's Form 2 filing proves concrete pumping costs only ₹25/sq.ft more for upper floors. Demand floor-rise waivers.

3. When They Claim "Non-Negotiable"

Remind the sales director they have a ₹18.6 Lakh profit buffer on your flat. Demand 2 years free society maintenance or club membership waivers.

Comparative Timeline Meter

Physical Work vs Promised Calendar Time

Compares physical construction done on site against the time that has passed since registration.

Construction Lagging Calendar
Physical Construction Work Done78%
Certified by the project engineer in quarterly RERA progress reports.
Promised Calendar Time Elapsed100%
Promised handover deadline: 30 June 2025.
Plain-English Takeaway: Calendar time elapsed (100%) is running ahead of physical construction (78%). Ask the builder for their latest quarterly progress update before paying your next construction milestone.

Project Overview

PRIVIA PRESTIGE is recorded under Maharashtra RERA by ELLORA ASIAN REALTY PVT LTD, situated in Pune, Pune. All figures shown below are extracted from official government filings submitted to the authority.

Property TypeResidential / Commercial
Total UnitsNot Disclosed on Record (Unverified)
Project Land Area7.22 Acres (314,685 sq.ft.)
Current Work StatusOngoing Construction (78%)
Possession Target30 June 2025
RERA RegistrationP52100020384
Registration Date1 January 2020
Land Title StatusFreehold Title on Record
Designated Escrow Bank

Location Record

Open Google Maps ↗
Resolving Survey Geolocation (Pune)...
Pune, Maharashtra
18.5204° N, 73.8567° E
PRIVIA PRESTIGE, Pune, Maharashtra 411019

Registered Locality: Pune, District: Pune, State: Maharashtra.

Builder On-Time Record

EL
ELLORA ASIAN REALTY PVT LTD
96% On-Time1.8 mo. avg delay

Institutional Grade

Filing Status Trail

State RERA Registration
1 January 2020
On Record
Construction Status
Ongoing Construction (78%)
Reported
Target Completion
30 June 2025
Scheduled

The Mismatch Alarm: 4 Brochure vs RERA Discrepancies Audited

Truth Checker Active

We audited potential possession drift, net carpet usable area vs 35% loading, unapproved club extras, and 70% locked construction bank account for PRIVIA PRESTIGE.

70% Locked Bank Account Rule

Builder Cannot Divert Your Money

70%Locked for Bricks
30%General Outflow

The 5th-Grade Rule: When you pay ₹10 Lakhs, the builder cannot take that money to buy new land or finish other buildings. ₹7 Lakhs must stay locked in this bank account, spent strictly on cement, steel, and labour for your building.

Designated BankRecorded Scheduled Bank
Locked Account Number•••• XXXX
Withdrawal GateArchitect + CA Required
3 Independent Checks Before Builder Can Take Any Money
1. ArchitectConfirms Floors Built
2. EngineerConfirms Concrete Safety
3. CA AuditAudits Cement Bills
Buyer Protection Rule: Never issue booking cheques or transfer payments to a builder’s personal, general corporate, or third-party marketing account. All payments must name this designated separate RERA escrow account.

Building Progress vs Money Spent

Are you paying for real progress on the ground?
Audited Bills

We check the engineer's on-site building reports against audited expense filings. This protects you from builders taking advance cash before actually pouring the slabs.

Physical Site Progress:78% Completed
Land Cost₹48 Cr27% of outlay
Building Cost₹132 Cr73% of outlay
Total Outlay₹180 CrForm 3 CA Total
Financial Divergence Risk:Low / In-Sync

Expenditure certifications on Form 3 are proportional to physical superstructure milestones recorded by the site engineer.

Source: Chartered Accountant Form 3 & Engineer Form 2

Real Usable Flat Space vs Extra Charged Area

What you live inside vs stairs and lobby
Protected by Law

Before RERA, builders charged extra money by adding 30–40% phantom area for common stairs and lobbies. RERA mandates that you pay strictly for your actual room space inside inner walls.

Actual Usable Room SpaceInternal usable space between inner walls (what you physically live in)
100% Legal Basis
Private Balcony AreaAttached private balcony, measured separately
Disclosed Separately
Extra Common Space (Loading)Ratio of common stairs & lifts added by marketing brochures
~26%–30% (Typical)
Agreement Clause Check: Make sure your sale agreement explicitly writes down the exact room carpet area. If the finished flat is more than 3% smaller than promised, the builder must refund the difference with interest.

6 Essential Checks Before You Pay

Checked Against Official State Records
On record

Every smart homebuyer checks these 6 points before paying more than the 10% token booking advance.

1. 30-Year Land Ownership Check
Verified clean land ownership papers on record
Verified
2. Bank Loans on the Land
No hidden private loans or mortgages on record
Verified
3. Approved Building Blueprint
Sanctioned by Town Planning & Municipal Authority
Verified
4. Permission to Build (Commencement)
Authorizes physical ground construction & towers
Verified
5. Fire Safety & Environmental Clearances
High-rise fire life safety clearance approved
Verified
6. Bank Statements & Progress Reports
Quarterly construction and bank audit filings on Maharashtra RERA
Verified
Cross-checked against state registry filings
Essential Homebuyer Due Diligence

Legal Guides for PRIVIA PRESTIGE

View all 12 due diligence guides
Possession Check 12 min

How to Check Official RERA Possession Date & Construction Delay

Verify sworn Form C completion dates, spot secret Section 6 extensions, and track Quarterly Progress Reports (QPR).

Read Handbook
Verification 11 min

How to Check RERA Registration Number Online (State by State)

Step-by-step instructions to check RERA numbers on UP RERA, MahaRERA, K-RERA, and HRERA state portals.

Read Handbook
Legal Remedies 13 min

Builder Delayed Possession? RERA Section 18 Interest & Refunds

How to compel monthly delay compensation at SBI MCLR + 2% (~10.95% p.a.) or demand a 100% full refund with interest.

Read Handbook
Bank Safety 11 min

What is the 70% RERA Escrow Rule? Section 4(2)(l)(D) Explained

Learn how the 70% separate account prevents fund diversion to new land and how to audit CA Form 3 withdrawal certificates.

Read Handbook