Jhamtani Elevate in Mundhwa, Pune: New Launch on Magarpatta–Mundhwa Road

Project status

Jhamtani Elevate is listed as a new launch. The developer's site gave a pre-launch date of mid-October 2024 and a launch target of November 2024. The project's official launch and RERA registration are dated 27 December 2024. Some listings still label the project as under construction, which matches its construction stage rather than its launch date.

The Commencement Certificate has been issued for the project. The Occupancy Certificate will be applied for closer to the possession date.

Location and connectivity

The site is on Magarpatta–Mundhwa Road in Mundhwa, East Pune. Magarpatta Road and BT Kawade Road link Mundhwa with Magarpatta City, Hadapsar and Koregaon Park Annexe. Mundhwa Chowk is about 1.7 km away. Hadapsar Railway Station is about 300 metres from the project. Listings place the project close to Panchshil IT Park and name EON IT Park as nearby. Seasons Mall is about 2.6 km away and Eon Free Zone about 5 km.

No operational metro station serves the locality. Pune Metro Line 4, linking Kharadi, Hadapsar, Swargate and Khadakwasla, is proposed.

Configurations and pricing

The developer offers Grand 1, 2 and 3 BHK apartments, plus shops with 353 to 978 sq ft of carpet area and corner units available. Listed sizes include a studio / 1 RK of 195 sq ft carpet and a 3 BHK of 2,163 sq ft (listing data, area type not stated). All apartments are offered fully furnished on a co-living model.

The all-inclusive studio price covers base cost, stamp duty, registration, GST and possession charges. The base price of an apartment excludes registration and stamp duty. One covered parking space is shown with the studio price. Floor-rise charges follow RERA guidelines for higher floors.

Payment plan

The project uses a Construction Linked Plan (CLP). Under the listed scheme, 10% of the total price is payable on booking and the balance is paid in instalments tied to construction stages. The minimum down payment including taxes for the studio is listed at ₹7.00 lakh. The developer says it is offering discounts during the pre-launch phase, but the amounts are not published.

Possession and construction timeline

The RERA possession date is 31 December 2028. One listing gives 1 December 2028 as the RERA date. The developer's own target is January 2029 onwards. Construction was about 10% complete as of 6 February 2026.

Project scale and layout

The 1,550 sq m plot (about 0.38 acres) carries one tower of G+16 floors with four flats per floor, served by two lifts and two staircases on each floor. The developer states that more than 80% of the site is greenery and open space.

Amenities and specifications

Listed amenities include a fully equipped gym, a jogging and cycle track, an indoor games zone, kids' play areas with sand pits, a co-working space, a society office, a communal dining area, a barbeque area, multipurpose seating and a driver's room. Security includes 24x7 guards and CCTV surveillance.

Listed services include DG backup, corporation water supply with borewell backup, 24x7 water supply, treated water, rainwater harvesting, a sewage treatment plant, waste management and a fire-fighting system.

Specifications listed include an RCC frame structure, earthquake-resistant design, vitrified tiles in the living area, a granite kitchen platform with stainless steel sink, branded CP fittings, air-conditioner fittings and a digital lock. No swimming pool or clubhouse is listed.

Approvals

The project is registered with MahaRERA under P52100078567, with registration dated 27 December 2024. The Commencement Certificate has been issued. The land is identified by survey no. 61/5 and CTS no. 1684.

Infrastructure in the area

• Mundhwa Chowk double-decker flyover and metro corridor: a ₹126.63 crore project serving the Mundhwa–Keshavnagar–Kharadi stretch. It is approved but not yet built, with a two-year completion target from approval.
• Keshavnagar–Kharadi flyover near Godrej Infinity: scheduled to open in August 2026. That date has now passed.
• New Keshavnagar bridge to Mundhwa road: a planned 1,150-metre, 24-metre-wide road that Pune Municipal Corporation will build as a public-private partnership, estimated at ₹930 million.
• Pune Metro Line 4: proposed, linking Kharadi, Hadapsar, Swargate and Khadakwasla.
• Hadapsar railway station road link: a proposed 3.5 km road near the station.

Local market

SquareYards lists Mundhwa's average rate at ₹13,050 per sq ft as of March 2026. The project's listed average is ₹23,050 per sq ft. Other rates on the same list include Jhamtani Biz Core at ₹23,850, Bramhacorp Smart at ₹16,450 and Puravankara Silversands Phase 2 at ₹11,350 per sq ft.

Four sales were registered in Jhamtani Elevate between May 2025 and April 2026, with gross value of about ₹2 crore and an average of ₹12.6K per sq ft. Developer-site rents for Mundhwa Road are listed at ₹25,000 to ₹30,000 per month for 2 BHK and up to ₹40,000 per month for 3 BHK; these figures are undated.

A September 2026 report describes Mundhwa as a market to watch as East Pune continues to expand.

About the developer

The Jhamtani Group was established in 1982 and operates in Pune only. Its profile lists 15 projects, of which 12 are completed and 3 ongoing, with 2.6 million sq ft delivered and more than 3 million sq ft under development. Completed projects include Ace Abundance in Mundhwa (2023), Ace Almighty in Tathawade (2022) and Ace Abode in Ravet (2025). The developer states that every project has been delivered on time. No independent verification of that claim was found.