About Regency Astra
Here we present to you a detailed Regency Astra Review which is a project by Regency Group in Baner. ‘Astra’ is a Latin word for Star, and we must say the project Regency Astra is a Star in itself on almost all the parameters.
The project Regency Astra is 6.5 acres in total, in which 4 towers of 22 floors each will be coming up. It comes under Baner (Pune Municipal Corporation) limits. The project consists of 2 and 3 BHK spacious homes.
About Regency Group
Regency Group is a Navi Mumbai-based developer. The group has developed some of the most preferred locations like Navi Mumbai, Thane, Dombivili, and Pune.
In Pune, they have delivered projects such as Regency Cosmos, Orion, Classic, Flower Valley, Green Valley, Meadows, and Willows.
Regency Astra Project Overview
Governing Authority
PMC
Total Number Of Towers
3 Towers In Phase 2
MAHA RERA Number
P52100032177
Total Number Of Units
704
Project Area
6.5 Acres
Configuration
2 BHK, 3 BHK, 2+2 Simplex
Regency Astra Review
To review any real estate project, we have devised a methodology wherein we have identified certain KPIs of the project and given our rating on them. Let us look at these KPIs one by one.
Pricing
Regency Astra has 2 BHK’s starting price in the range of 88Lac all Inc with a carpet area of 857 to 867 SQ/FT. 3BHK’s price range starts from 1.31Cr to 1.37Cr all Inc with a carpet area of 1163 to 1175 SQ/FT. Note. The difference in the pricing is because of the floor raise.
The pricing has been quoted very competitively by Regency Group, and that’s the reason the first tower is almost sold out, they have started taking EOIs for the second tower.
Carpet Area and Layout
The layout has been designed in such a way that all the flats have east and west main door openings which are the basic criteria of all the customers. On top of that even the Balconies and windows open to either east or west-facing respectively.
Balconies have become a very essential requirement these days and the layout stands to the expectations with 2 balconies with 2 BHK and 3 Balconies with 3 BHK.
The layout has one more unique feature called the Utility space in the passage area which no other project provides.
The layout provides a service ledge which is a very useful space when it’s a high-rise tower.
The developer is also providing a loft in the kitchen, a feature which has become extinct nowadays. then a service platform with a sink in the dry balcony.
The home comes with smart switches all through the flat.
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Location
The project is in Baner within the corporation limits, It’s 300 meters from the Mumbai – Bangalore Highway, behind Tata motors (Supreme HQ). The project is located close to Pune’s biggest high-tech city called Maan Mahalunge High-Tech City.
Connectivity
The project has wonderful access to the Mumbai – Bangalore highway within 5 mins. The road from the project towards Shivajinagar via Pashan has zero signals on the route. It has a backside road through Sus which takes to directly to Hinjewadi in 15 mins. Upcoming metro station is hardly 10 mins distance.
Convenience
The project has good convenience as there are shops and showrooms just outside the premises, be it general stores, Pharmacy, fruits and vegetable vendors, clinics and hospitals all within a walkable distance of 2 mins.
Builder’s Credibility
Regency Group is in the construction business since 2000. Its been 22 years since its inception. They have delivered 3 projects in the surrounding area of Regency Astra project pretty well, because of which they are getting referrals from the existing client base, getting referrals from the existing client base itself says it all. Regency Group is known in the market for timely delivery to date.
Construction Quality
The construction quality of Regency Group is far better than many developers in today’s market. For the same, customers can easily have a look at the project Orion which is right beside Regency Astra Project.
Current Status and Updates
The project began its construction even before it opened for bookings. That’s the reason the current status of the project is, 1st the tower has completed the 3rd slab and the second tower has completed 2 slabs. The RERA Date of possession is Nov 2024 but the developer’s internal target is March 2024, which looks achievable looking at the pace of work.
Differentiating Factors
According to us, there are five main differentiating factors in Regency Astra that make it stand out from the competition:
1)All flats East-West facing.
2) Outmost utilization of the space by providing Utility space in the passage area, 2 and 3 balconies with 2 and 3 BHK respectively which you will get rarely in other projects, a Service platform with a sink in the dry balcony, and a Service ledge.
3) Wonderful connectivity
4) On-time delivery guaranteed.
5) POP did by the developer itself in the living area.
Regency Astra Review – Pros & Cons
Pros
- The developer is known for its timely delivery.
- Shops, clinics, and Pharmacy available within walking distance.
- Easy access for highway as well as city.
- Optimum utilization of space in the flat.
- Project within corporation limits.
Cons
- Pricing could have been more competitive, looking at the location which is on the other side of the highway.
- 2 BHK’s common washroom is slightly small in size if compared with other projects.
Overall Perception
Looking at the previous project which has been delivered so neatly, The project Regency Astra is definitely going to come up very well. It has enough space for the amenities to cater to the total strength of the project.
Regency Astra Review – Our Verdict
The project Regency Astra is definitely a good option for the buyers in the market. It has an optimized layout for both 2 and 3 BHKs. The developer is giving guaranteed on-time delivery of the project which is a major concern these days. It has great connectivity to the Mumbai – Bangalore Highway, Hinjewadi, and Shivaji Nagar. If one can wait for 2 Years
Frequently Asked Questions
How many Towers are opened for sale in Regency Astra?
1 tower was opened for sale in Regency Astra. However, 1st tower is almost sold out with few inventories left, so they have started taking EOIs for tower 2 now.
When is the possession of Regency Astra?
RERA date of Regency Astra is November 2024, and the developer’s target date is March 2024.
In which area / Location does Regency Astra come under?
Regency Astra comes under the Baner area.
Is there an option of clubbing 2 units of 2 BHKs in Regency Astra?
Yes, there is an option of clubbing 2 units of 2 BHKs in Regency Astra. In fact, they even have a redesigned layout for a 4 BHK available at the site.
