Velvet Villas, Manjari Khurd
by Ashdan Developers Private Limited. Manjari Khurd, Pune 412307. View on Google Maps
- Launched
- First of 2 phases
- Possession dates (MahaRERA)
- Dec 20262 of 2 phases have an extended possession date. Reading a project's possession date
- Concrete structure (RCC)
- 68%Mid-construction1 of 2 phases with structure completeWeighted across 2 phases
- Units booked
- 26 of 4360% booked12 homes + 31 other units
- Price per sq ft
- ₹10,3002025 salesup 11% on 2024See what buyers paid
Facts
Project facts
| 4 BHK | 12 |
|---|---|
| Total units | 43 |
| Buildings | 43 |
| Land | 2.4 acres |
| Phases | 2 |
| MahaRERA complaints (filed by or against the builder) | 1 |
Since Dec 2025: booked 21 → 26
Shortlist 2 or more to compare side by side.
Prices
What buyers paid here
From government sale recordsWhat buyers paid in registered sales, not today's asking price. Use it to compare projects, then ask the builder for the current rate.
Flat types, sizes and prices
| Flat type | Size (total internal area) | What most buyers paid | Year |
|---|---|---|---|
| 4 BHK | about 4,150 – 8,470 sq ft | ₹4.64 – 8.22 crore | 2025 sales |
Price per sq ft, year by year
| 2023 | ₹8,400 per sq ft |
|---|---|
| 2024up 11% on 2023 | ₹9,300 per sq ft |
| 2025up 11% on 2024 | ₹10,300 per sq ft |
Registered sales across all 2 phases.
Compared with the typical Manjari Khurd rate in 2025: about 10% lower
How to read this price
- 80% of registered sales that year were at this rate or less.
- Size is total internal area: carpet + balcony + terrace.
- Higher floors, corner flats and open views usually cost more; lower floors and road-facing flats often less.
- The registered price includes parking and floor-rise; GST, stamp duty and registration are extra.
- Fewer sales means a less certain figure.
- Use it as a starting point for questions, not as an offer price.
Phases
The 2 phases
| Phase | MahaRERA no. | Flats | Possession | Structure | Booked |
|---|---|---|---|---|---|
| Velvet Villas Phase 1 Mid-construction | P52100031829 | 0 | 55% | 61% | |
| Velvet Villas Phase 2 Nearing possession | P52100047370 | 12 | 100% | 58% |
Show updates by phase
Velvet Villas Phase 1 (P52100031829)
| Update | Excavation | Structure (RCC) | Final finishes | Units booked |
|---|---|---|---|---|
| 100% | 55% | 0% | 19 | |
| 100% | 25% | 0% | 15 | |
| 68% | 0% | 0% | — | |
| 0% | 0% | 0% | — |
"—" means MahaRERA shows no figure for that update.
Velvet Villas Phase 2 (P52100047370)
| Update | Excavation | Structure (RCC) | Final finishes | Units booked |
|---|---|---|---|---|
| 100% | 100% | 0% | 7 | |
| 100% | 74% | 0% | 6 | |
| 100% | 0% | 0% | — | |
| 0% | 0% | 0% | — |
"—" means MahaRERA shows no figure for that update.
How to read construction stages
- Early stage
- The concrete structure (RCC) has not started yet.
- Mid-construction
- The concrete structure (RCC) is being built.
- Nearing possession
- The concrete structure (RCC) is complete and final finishes are below 90%.
- Ready to move
- MahaRERA shows the project Completed, or the concrete structure (RCC) is complete and final finishes are 90% or more.
- Concrete structure (RCC)
- The reinforced-concrete frame of the building: columns, beams and slabs.
- Final finishes
- Lifts, services, common areas and other works needed before handover, not the finishes inside each flat.
- Lapsed
- MahaRERA status when the possession date has passed with no extension or completion filed; it does not by itself mean work has stopped.
About this project
Velvet Villas is a project by Ashdan Developers Private Limited in Manjari Khurd, Pune 412307, registered with MahaRERA as 2 phases (P52100031829, P52100047370). The first phase was launched in November 2021. Together the phases have 43 units in 43 buildings, with 4 BHK homes as registered with MahaRERA. All 2 phases are active on MahaRERA.
The registered possession date is December 2026; 2 of 2 phases have an extended possession date. Across all phases, weighted by flats, the concrete structure (RCC) is 68% complete and final finishes 0% complete. 1 of the 2 phases have their structure complete.
26 of the 43 units reported for sale are booked (60%). In 2025 registered sales, 80% of flats here sold at ₹10,300 per sq ft or less (up 11% on 2024), counting balconies and terrace in the size. Buyers here paid a rate about 10% lower than the typical Manjari Khurd rate in 2025. Most buyers paid ₹4.64–8.22 crore for 4 BHK flats of about 4,150–8,470 sq ft (2025 sales). The registered price includes parking and floor-rise; GST, stamp duty and registration are extra.
VTP's track record in Pune
MahaRERA projects registered 2017–2026 in Pune & PCMC
| Projects registered with MahaRERA | 70 |
|---|---|
| Completed without extending the possession date | 26 |
| Completed after an extension | 3 |
| Lapsed | 10 |
| Under construction | 31 |
| Possession date extended on the builder's application | 10 |
| Typical time from launch to 100% structure | 4 years 11 months |
| MahaRERA complaints (filed by or against the builder), all VTP projects | 656 (60 of 70 projects) |
- Completed without extending the possession date: MahaRERA shows the project Completed and the builder did not apply to extend its possession date. MahaRERA's blanket extensions (COVID 2020–21, and the automatic 4 months of August 2026) are not counted as the builder's.
- Completed after an extension: MahaRERA shows the project Completed after the builder extended its possession date.
- Lapsed: the possession date passed with no extension or completion filed on MahaRERA; it does not by itself mean work has stopped.
- Under construction: MahaRERA status Active.
- Possession date extended on the builder's application: counted across all of the above, so it overlaps them.
- Typical time from launch to 100% structure: the middle value for projects whose concrete structure (RCC) reached 100% between December 2023 and July 2026, counted from registration.
- MahaRERA complaints: complaints on MahaRERA filed by or against the builder, on all its projects.