VTP Cygnus - Nation R1, Tower 9: A Residential Development in Manjri, Pune
This essay provides an overview of the VTP Cygnus - Nation R1, Tower 9 real estate project, located in Manjri, Pune. This ongoing residential development is registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) under the ID P52100007401, offering valuable insight into its current status and future prospects.
Project Overview
The project, developed by Ashdan Developers Private Limited, spans across Gat Nos. 155-156-157-158, encompassing a total plot area of 688 square meters. It comprises a single tower, rising to 22 floors with a sanctioned built-up area of 10946 square meters. The project boasts a basement, plinth, and stilt level, along with 102 closed parking spaces. While the initial proposed date of completion was August 24th, 2020, it has been revised to July 18th, 2025.
Location and Surroundings
The project is conveniently located in Manjri, Pune, with easy access from Gat No 124. It is surrounded by essential amenities, including Holy Angel School and is within the proximity of the Manjri Khurd locality. The project’s strategically chosen location offers residents potential access to a range of facilities and services.
Project Status and Challenges
It’s important to note that the project has been marked by litigation, a factor potential buyers should consider carefully. This legal involvement may impact the project’s timeline and overall development.
Key Highlights
- RERA Registration: The project is registered with MahaRERA, providing transparency and consumer protection.
- Amenities: The project offers amenities like a basement, stilt, and closed parking spaces, catering to the convenience of residents.
- Promoter Involvement: The presence of a promoter (land owner/investor) indicates significant commitment and a potential source of financial backing for the project.
- Strategic Location: The project’s location in Manjri, Pune, offers potential access to essential amenities and services.
Investor Considerations
While the VTP Cygnus - Nation R1, Tower 9 project presents an attractive opportunity for potential buyers seeking residential options in Manjri, Pune, it’s crucial to thoroughly investigate the ongoing litigation surrounding the project. Evaluating the project’s legal complexities and their potential impact on the development timeline and completion date is essential for making informed investment decisions.