ActiveP52100079518Registered Mar 20251 red flag

R48 The Canopy

A residential / group housing project by Paranjape Spaces and Services Pvt Ltd in Bhugaon, Pune.

Data as of Jul 2026, from this project's public MahaRERA filing. View on the MahaRERA portal ↗

Overview

Status & progress

Per MahaRERA record as of Jul 2026.

Construction
4%
cost-weighted
Declared completion
Dec 2029
no delay on record
Units sold
0 / 106
0% sell-through
Basics

Project basics

As filed with MahaRERA — not analysis, just the record.

Promoter
Paranjape Spaces and Services Pvt Ltd · Company
Project type
Residential / Group Housing
Land area
4,198 m² · Permissible built-up (FSI) 24,212 m²
Total units
106 across 2 wings
Estimated cost
₹92.7 Cr
Parking
111 four-wheeler · 0 two-wheeler
Application date
03 Jan 2025
Buildings & units

2 wings

Floors and unit counts as filed.

WingFloors sanctionedTotal units
NA24 of 24 proposed53
NA24 of 24 proposed53
People on record

Promoter & professionals

Names and registrations as declared — no background analysis.

Architect
Sandeep Hardikar and Associates · CA/90/12777
Structural engineer
Deepali Desai
Project bank
HDFC BANK
Location

Where it sits

Bhugaon, Pune — 412115.

Locality
Bhugaon
District
Pune
Authority
Pune metropolitan Region Development Authority, Pune
Red flags

1 flag on this project

What they are and why they matter — in the full report.

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Delay analysis & explanations

Why these flags matter

Unlock the delay analysis, sales & construction narrative, and what-to-verify checklist for this project.

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Legal & encumbrance

Litigation & charges

Unlock the complaint list with order and warrant detail, plus full encumbrance and litigation detail and the FAQ.

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R48 The Canopy: common questions

Is R48 The Canopy RERA registered?

Yes. R48 The Canopy is registered with MahaRERA under registration number P52100079518, granted on 10 March 2025. As of July 2026, the registration is active.

What is the possession date of R48 The Canopy?

The developer has declared completion by December 2029 in its MahaRERA filing. The RERA completion date is the developer's legal commitment; the possession date in your agreement can differ, so check both.

Who is the builder of R48 The Canopy?

R48 The Canopy is developed by Paranjape Spaces and Services Pvt Ltd, the promoter named in its MahaRERA registration.

Where is R48 The Canopy located?

R48 The Canopy is in Bhugaon, Pune (PIN 412115), Maharashtra, as declared in its RERA registration.

How many units does R48 The Canopy have, and how many are sold?

R48 The Canopy has 106 units on its RERA registration. 0 were reported sold as of July 2026, leaving 106 unsold.

How much construction of R48 The Canopy is complete?

By the developer's own quarterly filing, 4% of the work is done, measured against the project's cost estimate.

Is there any litigation against R48 The Canopy?

4 litigation cases are declared on R48 The Canopy's MahaRERA record. The full report lists each case with its court and status.

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