Up next
Tags

Supreme Universal has announced the completion of all phases of its residential project, Supreme Estia, located in Baner, Pune. The project, spanning over five acres, comprises more than 600 residential units and has achieved a total revenue milestone of ₹ 750 crore.

Supreme Estia was launched in March 2020 and has been completed as per schedule. The project includes 2, 3, and 4 BHK residences within a gated community featuring 45,000 square feet of amenity space.

According to Vishal Jumani, Joint Managing Director of Supreme Universal, the completion of Supreme Estia reflects customer trust and confidence in the company. He noted that the project has received interest from homebuyers in Pune, Mumbai, and other regions, adding that the development has seen property value appreciation between 40% and 50% since its launch. Investor buyers have also experienced rental returns from the property.

The development consists of five towers. The first two towers were handed over in August 2023, while the remaining three towers and the clubhouse have now been completed and delivered. The clubhouse provides various facilities for residents.

Supreme Universal stated that the completion of Supreme Estia aligns with its focus on delivering urban housing projects. The company plans to continue developing similar projects in the future.

Also Read: Notice of De-Registration Applications for 2 Pune Real Estate Projects

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
In a ruling that clarifies the scope of RERA protections, MahaRERA has held that an initial investment later converted into a registered flat purchase creates a valid allottee-promoter relationship, entitling the complainant to withdraw from a delayed project and claim full refund with interest, irrespective of COVID-related extensions.

MahaRERA Rejects Builder’s Plea to Sell Flat Before Refunding Buyer

MahaRERA has ruled that builders cannot make refunds conditional upon resale of flats. In the Viva Vishnupuram case, the Authority ordered a full refund with interest after finding a decade-long delay in handing over possession, reinforcing the unconditional rights of homebuyers under Section 18 of RERA.
Bombay HC allowed homebuyers’ ₹45 lakh refund claim against Godrej to proceed despite a long filing delay.

Bombay High Court Rules BMC Permission Not Required for Tenantable Repairs

In a landmark ruling, the Bombay High Court has clarified that tenantable repairs, like replacing rusted roofing sheets, do not require BMC permission under Section 342 of the Mumbai Municipal Corporation Act. The court quashed a BMC notice issued to Indu Oil and Soap Co., criticizing the corporation’s high-handed demolition actions and imposing a ₹25,000 fine, setting a precedent for property owners in Mumbai.
Covid19 builder offer free food, free cancellation

Covid19, builders offer free cancelation, no rentals

Covid19 that has put the entire country under lockdown has brought the…
ITAT Mumbai dismisses Dadar housing society’s appeals for 2011–16 after 7-year delay, despite society being legally correct on ₹4–5 lakh 80P deduction claim.

Income Tax Tribunal slams door on Dadar housing society: 7-year delay costs ₹4–5 lakh tax relief despite being legally correct

A 15-member Dadar senior-citizens housing society lost its fully valid ₹4–5 lakh tax exemption claim only because it filed appeals 7–8 years late. ITAT Mumbai refused to condone the “gross negligence”, slamming the door despite the department being clearly wrong on law. A harsh reminder: even if you’re 100% right, miss the limitation period by years and you lose everything.