Sunguard The Raya Phase I Wakad, Pimpri Chinchwad, Pune

The Raya Phase I is a residential project by Sunguard Builders LLP (marketed under Pride Purple Group), located at Park Street, Wakad, Pune, close to a school (~0.1 km), hospital (~1 km), and market (~1 km).

Spread across approximately 3 acres, the project offers 3 BHK, 3.5 BHK, and 4.5 BHK homes across 2 towers with only 3 flats per floor and 3 car parking spots per flat, with carpet areas ranging from about 1,627 sq.ft. (3 BHK) up to 2,396 sq.ft. (4.5 BHK).

Backed by amenities including 24×7 CCTV surveillance and landscaping & tree planting (among 8+ features), from Pride Purple Group — a developer known for large-scale, premium residential developments across Pune.

Pricing starts at approximately ₹3.72 Cr onwards, going up to ₹5.39 Cr+ for the largest 4.5 BHK (with a ₹50,000 floor-rise premium applicable from the 2nd floor onwards).

Possession: 31st December 2029
MahaRERA No.: PR1260002502741

Explore Locality

Situated in the well-established, rapidly developing locality of Wakad, The Raya Phase I is positioned at Park Street, one of Pune West’s most premium residential addresses. Wakad is gaining strong popularity among homebuyers for its blend of urban conveniences, premium infrastructure, and proximity to major employment hubs.

1. IT & Business Hubs

Rajiv Gandhi InfoTech Park, Hinjewadi (nearby)
Business zones in Baner & Aundh nearby

2. Education

School located just ~0.1 km away
EuroSchool Wakad
Kamal Pratishthan Mount Litera Zee School
Akshara International School

3. Healthcare

Hospital located ~1 km away
Lifepoint Multispeciality Hospital
Ruby Hall Clinic Hinjewadi

4. Retail & Leisure

Market ~1 km away
Xion Mall (~4 km)
Westend Mall (~8 km)

5. Connectivity

Mumbai Highway (NH-48), Wakad-Bhosari BRTS Road & Aundh-Ravet BRTS Road
Wakad Chowk Metro Station (nearby); planned Metro Line 3
Railway Station (~15 km)
Pune International Airport (~20 km)

✅ Positive Aspects

1. Trusted Developer
Developed by Pride Purple Group (via Sunguard Builders LLP), a well-established name known for large-scale, premium residential developments across Pune.

2. Ultra-Premium, Low-Density Living
With only 3 flats per floor across 2 towers, the project offers unmatched exclusivity, privacy, and reduced density compared to typical high-rise developments.

3. Spacious, Expansive Homes
Thoughtfully designed 3, 3.5 & 4.5 BHK residences with carpet areas ranging from 1,627 to 2,396 sq. ft., catering to families seeking generous living spaces.

4. Prime Location Convenience
Just 0.1 km from a school, 1 km from a hospital, and 1 km from a market — offering exceptional day-to-day convenience.

5. Ample Parking
3 car parking spots allocated per flat, ideal for families with multiple vehicles.

6. Strategic Growth Corridor
Located at Park Street, Wakad, with easy access to Hinjewadi IT Park, Baner, and Aundh via NH-48 and BRTS roads.

7. RERA Registered
Complete transparency and buyer protection guaranteed under MahaRERA registration (PR1260002502741).

❌ Considerations

1. Premium Pricing
Starting at ₹3.72 Cr and going up to ₹5.39 Cr+, this is a significantly high-ticket investment — well above typical Wakad pricing, reflecting its ultra-luxury positioning.

2. Limited 3 BHK Inventory
Only 5 units of the base 3 BHK configuration are available, and these are located on refuge floors — limited choice for buyers seeking the most affordable entry point.

3. Mixed Developer Branding
The registered promoter entity (Sunguard Builders LLP) differs from the marketing brand (Pride Purple Group) — worth confirming the exact legal relationship and accountability structure.

4. Possession Date Not Specified
Exact possession timeline isn’t clearly available in current listings — recommended to get a written, RERA-backed commitment directly from the developer.

5. Floor-Rise Premium
A ₹50,000 per floor charge applies from the 2nd floor onwards, which can meaningfully increase the final price depending on your preferred floor.

6. Limited Public Amenity Details
Only a partial amenities list (CCTV surveillance, landscaping) is available — buyers should request the complete amenities brochure to evaluate the full lifestyle offering relative to the premium pricing.

7. High-Density Wakad Traffic
Despite the project’s own low-density design, the broader Wakad locality experiences intense peak-hour traffic and construction-related congestion.

⚠️ Factors to Evaluate

1. Developer Due Diligence
Verify Pride Purple Group’s (and Sunguard Builders LLP’s) financial standing, past project delivery track record, and legal compliance, given the layered entity structure.

2. RERA Verification
Confirm project registration details (PR1260002502741) directly on the MahaRERA portal, including approved plans, timelines, and any past complaints.

3. Carpet Area & Unit Selection
Cross-check the exact carpet area and floor-rise pricing for your preferred configuration, especially given the limited 3 BHK inventory on refuge floors.

4. Possession Timeline
Since the exact possession date isn’t specified in current listings, get a written, RERA-backed commitment on construction milestones and expected handover.

5. Payment Plan & Booking Terms
Assess the payment schedule, booking amount, and any pre-launch pricing benefits, along with cancellation and refund policies — especially important given the high ticket size.

6. Complete Amenities List
Request the full amenities brochure beyond what’s publicly listed (CCTV, landscaping) to evaluate the offering relative to the premium pricing.

7. Floor Selection & Pricing Impact
Factor in the ₹50,000 per floor rise premium when comparing total cost across different floor options.

8. Connectivity to Workplace
Evaluate proximity to your workplace, especially if commuting to Hinjewadi IT Park, Baner, or Aundh business zones.

9. Comparative Market Pricing
Compare pricing and specifications against similar ultra-premium projects in Wakad and nearby areas, such as Lodha Altero or VJ Urbo Centro.

10. Loan Eligibility
Confirm bank approvals and loan eligibility for this high-value project with your preferred lender, given the significant ticket size.

11. Site Visit & Construction Progress
Visit the site personally to assess actual construction status, tower layout, exclusivity features, and overall quality before finalizing your decision.

Should You Buy

Consider buying if:

You’re seeking an ultra-premium, low-density home with just 3 flats per floor for maximum privacy and exclusivity
You want a spacious residence (1,627–2,396 sq.ft.) in a prime, well-connected Wakad location
You value walkable proximity to a school, hospital, and market, all within ~1 km
You need generous parking, with 3 car spots allocated per flat
You’re comfortable with a high-ticket investment (₹3.72 Cr – ₹5.39 Cr+) as part of a long-term luxury lifestyle or investment strategy
You trust the Pride Purple Group brand and its track record in large-scale, premium Pune developments

Think twice if:

You’re budget-conscious, since pricing here is significantly higher than typical Wakad projects
You need clarity on possession timelines, since an exact date wasn’t specified in current listings
You’re confused by the mixed developer branding (Sunguard Builders LLP vs. Pride Purple Group) and want full accountability clarity before committing
You want a wider choice of 3 BHK units, since only 5 are available and they sit on refuge floors
You need the complete amenities picture before evaluating value — current public listings show only a partial set
Wakad’s broader traffic congestion and construction activity are dealbreakers for your daily convenience, despite the project’s own low-density design

FAQ

1. Who is the developer of The Raya Phase I?
The Raya Phase I is developed by Sunguard Builders LLP, marketed under the Pride Purple Group brand.

2. Where is The Raya Phase I located?
It’s located at Park Street, Wakad, Pune, close to a school (~0.1 km), hospital (~1 km), and market (~1 km).

3. What configurations does The Raya Phase I offer?
The project offers 3 BHK, 3.5 BHK, and 4.5 BHK apartments with carpet areas ranging from 1,627 sq.ft. to 2,396 sq.ft.

4. What is the starting price of The Raya Phase I?
Pricing starts at approximately ₹3.72 Cr and goes up to ₹5.39 Cr+, with a ₹50,000 floor-rise premium applicable from the 2nd floor onwards.

5. What is the RERA number of The Raya Phase I?
The project is registered under MahaRERA No. PR1260002502741.

6. When is the possession date for The Raya Phase I?
The exact possession date isn’t specified in current listings — recommended to confirm directly with the developer.

7. How many units and towers does The Raya Phase I have?
The project spans approximately 3 acres with 2 towers, featuring only 3 flats per floor for a low-density living experience.

8. What amenities does The Raya Phase I offer?
Publicly listed amenities include 24×7 CCTV surveillance and landscaping & tree planting, among 8+ total features — full details available on request.

9. Is The Raya Phase I a good investment?
It offers ultra-premium, low-density living in a prime Wakad location, appealing to luxury buyers, though the high ticket size and unclear possession date warrant careful evaluation.

10. How many parking spots come with each unit?
Each flat comes with 3 dedicated car parking spots.

11. Why is only limited 3 BHK inventory available?
Only 5 units of the base 3 BHK configuration are offered, located on refuge floors — reflecting the project’s overall low-unit-count, exclusive design.

12. Is The Raya Phase I connected to public transport/metro?
Wakad Chowk Metro Station and the upcoming Metro Line 3 serve the broader locality, along with strong road connectivity via NH-48 and BRTS roads.

13. Why does the project show two different developer names?
Sunguard Builders LLP is the RERA-registered promoter entity, while Pride Purple Group is the marketing brand behind the project — a common structure for large developer groups operating through project-specific entities.

14. Can NRIs or first-time homebuyers invest in The Raya Phase I?
Yes, though given the high ticket size, it’s advisable to confirm loan eligibility, bank approvals, and get a clear possession commitment before booking — this project may particularly suit seasoned or luxury-segment investors.