Ready to Move
About VTP Blue Waters
More than 100 acres between the Mula river and the Baner hills make up VTP Blue Waters, VTP Realty's township in Mahalunge. It holds four residential projects (Aethereus, Alpine, Leonara and Bel Air) along with a commercial block, at the meeting point of Baner and Phase 1 of Hinjewadi.
This listing covers a wide range. The 1 BHK measures 423 sq ft carpet area at about ₹37 lakh. The 2 BHK homes run from 650 to 845 sq ft at ₹64.47 lakh to ₹87 lakh. At the upper end there is a 3 BHK of 1,445 sq ft at ₹1.45 crore and a 4 BHK of 1,766 sq ft at ₹1.77 crore, both generous for the area. Layouts follow VTP's Maximum Liveable Area planning, which aims to cut space lost to passages.
Township facilities include a riverside walkway of about 1 km, sports academies with coaching, a full-size cricket ground, cafés and shops. Each project adds its own pool, gym, courts and clubhouse. Aundh, Baner and Balewadi are close, and PMRDA's planned Mahalunge-Maan Hi-Tech City lies next door, which should add jobs and roads over time. VTP Realty is a Pune developer focused on large townships.
Possession was scheduled for October 2023, and this part of Blue Waters is now listed as ready to move. It is registered with MahaRERA as P52100007943. With several projects inside one township, check on MahaRERA which towers this registration covers, and ask for their occupancy certificate before you book.
Floor plans & pricing
Amenities
Home loan for VTP Blue Waters
Location
Connectivity from Mahalunge
- Mumbai-Bengaluru highway (NH-48) and Radha ChowkThe highway runs along Mahalunge's eastern side; residents have reported daily congestion at Radha Chowk, the junction with Baner.
- Mahalunge-Hinjewadi roadLinks Mahalunge with the Hinjewadi IT park; in 2024 residents flagged incomplete bridge work, potholes and poor lighting.
- Pune Metro Line 3 (Pink Line), Hinjewadi to ShivajinagarPMRDA's 23.3 km line has a station named Shree Shiv Chhatrapati Sports Complex Mahalunge; the Maan to Balewadi section is to open first and had not started passenger service at the time of writing.
Around Mahalunge
Hospitals
- Jupiter Hospital, Baner
Shopping
- Balewadi High Street
Offices & IT parks
- Rajiv Gandhi Infotech Park, Hinjewadi
Parks
- Shree Shiv Chhatrapati Sports Complex (Balewadi Stadium)
About VTP Realty
VTP RealtyDeveloper · RERA registeredAll projects →VTP Realty is the housing arm of the VTP Group, a Pune business that grew out of cement and steel distribution and still runs a large cement supply operation in Maharashtra. Real estate came later. The company now builds almost entirely in Pune and says it has delivered more than 31 projects, selling mainly 2 and 3 BHK flats with some 4 BHK homes. Larger residences are sold under a separate VTP Luxe label.
Its work is concentrated in a few micro-markets on the west and east sides of the city. The two biggest pieces are townships: Blue Waters in Mahalunge, between Hinjewadi and Baner, and Pegasus in Kharadi. A third, Skylights, is on Baner-Sus Road. Projects in the IndiProp listings include Dolcevita, Flamante, Altair and Cygnus in Kharadi, Earth One and Aethereus in Mahalunge, Bellissimo in Hinjewadi and HiLife in Wakad. Pricing sits in the mid to upper-mid segment. Because VTP often sells several phases of the same township at once, each with its own MahaRERA registration, buyers should check the number for the exact tower they are offered.
