- Launched
- 4 years 9 months originally promised
- Possession date (MahaRERA)
- 4 months ago. No further extension recordedExtended by 1 year (originally June 2025). What "Lapsed" means
- Concrete structure (RCC)
- 70%Mid-constructionAverage across 3 buildings
- Units booked
- 78 of 16248% booked
Project facts
| 2 BHK | 106 |
|---|---|
| 3 BHK | 56 |
| Total units | 162 |
| Buildings | 3 |
| Land | 1 acre |
| Complaints on MahaRERA (filed by or against the builder) | 2 |
Since Dec 2025: final finishes 7% → 8%
Compared with 5 similar projects in PIN 411036
Projects with 80–350 flats, launched within 6 months of this one.
| Measure | This project | Similar projects |
|---|---|---|
| Promised timeline (launch to possession) | 4 yrs 9 mths | 4 yrs 10 mths |
| Possession date extended | By 1 year | 5 of 5 |
| Possession date passed | Yes, due June 2026 | 0 ready to move; 0 also past their date |
| Concrete structure (RCC) complete | 70% | 0% |
| Share of units booked | 48% | 98% |
| Complaints on MahaRERA (filed by or against the builder) | 2 | 8 |
"Similar projects" shows the typical (middle) value. Other phases of this project are not included.
| Project | Launched | Possession date (MahaRERA) | Concrete structure (RCC) | Units booked |
|---|---|---|---|---|
| Emerald Bay Building 11 | August 2020 | December 2026 | 0% | 62 of 112 booked (55%) |
| Emerald Bay Building 13 | August 2020 | December 2029 | 0% | Bookings not reported |
| Emerald Bay Building 12 | August 2020 | December 2029 | 0% | Bookings not reported |
| Emerald Bay Building 2 | August 2020 | December 2026 | 60% | All 84 units booked |
| Emerald Bay Building 3 | August 2020 | December 2026 | 64% | 82 of 84 booked (98%) |
Construction progress
As reported to MahaRERA at each updateUpdates reported to MahaRERA
| Update | Excavation | Structure (RCC) | Final finishes | Units booked |
|---|---|---|---|---|
| 100% | 70% | 8% | 78 | |
| 100% | 70% | 7% | 78 | |
| 100% | 60% | 7% | 74 | |
| 100% | 47% | 0% | 40 |
"—" means MahaRERA shows no figure for that update.
About this project
Karma Iconic (MahaRERA P52100026329) is a residential project by Karma Builders in Mundhwa, Pune 411036. It was launched in September 2020. It has 162 units in 3 buildings, with 2 & 3 BHK homes as registered with MahaRERA. Its MahaRERA status is Lapsed.
Possession was due in June 2026, after an extension of 1 year from the original June 2025. That date has passed and no further extension has been recorded. Construction, averaged across its 3 buildings: excavation complete, structure (RCC) 70% complete, final finishes 8% complete. MahaRERA records do not show it as ready to move in.
78 of its 162 units are booked (48%).
Disclaimers
- Figures are as reported to MahaRERA, not verified by FlatNama.
- Concrete structure (RCC) is the reinforced-concrete frame. Final finishes means lifts, services, common areas and other works needed before handover, not the finishes inside each flat.
- On MahaRERA, Lapsed means the registered possession date has passed and the developer has not filed an extension or recorded the project as complete. It does not by itself mean work has stopped.
- Total internal area = carpet + balcony + terrace, as Pune sales offices quote “carpet area”. Price per sq ft counts balconies and terrace in the size.
- Prices are of the flat alone; stamp duty, registration and GST are extra, so the total is usually 10–15% more.
- Prices in a project usually rise as construction progresses. Floor, view and flat size move the price up or down, so treat these figures as a guide.
- Rates also vary with the exact project location.
- Prices come from sale records obtained from IGR Maharashtra, which may not include every sale.
- Complaints are the count MahaRERA shows for the project; they include complaints filed by the builder against buyers.
- Please do your own checks before you buy.