Pune Realtor's Arrest Sparks Concerns for Homebuyers in Bramha Realty's Ongoing Projects
Will homebuyers invested in Bramha Realty be affected by the arrest of Pune realtor Vishal Agarwal
PuneReal EstateBramha RealtyVishal AgarwalVedant AgarwalMahareraReal Estate PuneMay 30, 2024
The residential project, named Bramha Skycity Phase-3, has two buildings with 14 floors each and a total of 92 units comprising 2 and 3 BHK apartments. Over 50 units have been booked, according to information disclosed to MahaRERA by Bramha Multicon Pvt Ltd. The commercial project, named Bramha Sky Uzuri Phase 2, has 315 commercial units, with bookings for around 96 units as of December 2023. Almost half of the construction work is complete, according to the project status details posted on the MahaRERA website.
The arrest of Vishal Agarwal and his father has cast a shadow on the projects, and homebuyers are wondering what will happen next. Local developers from Pune told HT Digital that the project operations might get affected for a while due to ongoing legal cases. However, the mother of the juvenile accused is a director on the board of companies executing the real estate projects.
Vishal Agarwal's family is a prominent real estate developer in Pune, with a business running under the banner of Bramha for over four decades. BramhaCorp was set up 40 years ago by Bramhadutt Agrawal and is involved in residential, commercial, and hospitality segments. The company is known to have introduced luxury hotels such as Le Meridien Mahabaleshwar and Sheraton Grand to the Pune market.
Bramha Realty and Infrastructure Private Limited is a real estate development company operating in Pune, Maharashtra. The company is known for its luxury residential and commercial projects in the region.
Frequently Asked Questions
What are the two ongoing projects of Bramha Realty?
The two projects are a residential project in Dhanori area and a commercial project in Pimpri near Pune
Who are the directors on the board of companies executing the real estate projects?
The directors on the board include Vishal Agarwal Shivani Agarwal and Surendra Agarwal who are the father mother and grandfather of the minor accused
How many units have been booked in the residential project Bramha Skycity Phase-3?
Over 50 units have been booked in the residential project Bramha Skycity Phase-3
What is the status of the commercial project Bramha Sky Uzuri Phase 2?
Almost half of the construction work is complete according to the project status details posted on the MahaRERA website
Will the arrest of Vishal Agarwal affect the project operations?
Local developers from Pune told HT Digital that the project operations might get affected for a while due to ongoing legal cases
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