MAHANKA/Bhopal/RERA/ELEGANT BUSINESS SQUARE

ELEGANT BUSINESS SQUAREONGOING

★Are you the official developer or sales mandate for ELEGANT BUSINESS SQUARE?
Data Provenance
Registration No
P-BPL-22-3704FACT
Project Name
ELEGANT BUSINESS SQUAREFACT
Status
ONGOINGFACT
Promoter
CHAWLA ASSOCIATESFACT
Locality Link
UNMATCHEDNOT ASSESSED
Coordinates
Not available from sourceNOT ASSESSED
Last verified: 17 Aug 2026 · Source ↗

1. Project IdentityFACT

Official statutory registration record

Project NameFACT
ELEGANT BUSINESS SQUARE
Registration NumberFACT
P-BPL-22-3704
Project StatusFACT
ONGOING
Project Type (Portal)FACT
New
First Seen in IndexDERIVED
17/8/2026
Last CrawledDERIVED
17/8/2026

2. Regulatory Economics & EscrowFACT

Project budget, land ownership, and escrow details

Planning AreaFACT
Bhopal
Land OwnershipFACT
SHREE VIGNESH WARE HOUSING AND DISTRIBUTORS PVT LTD THROUGH DIRECTOR SMT SHASHI SHARMA W/O SHRI Y R SHARMA
Estimated Land CostFACT
₹1,441 Lakh
Estimated Construction CostFACT
₹1,074.09 Lakh
Construction Cost / UnitDERIVED
₹6.43 Lakh
Across 167 registered units
Postal PincodeFACT
—

Source: MP RERA Form B / project detail disclosure. Cost per unit is derived from estimated construction cost divided by total registered units.

3. Inventory & AbsorptionDERIVED

Category-level unit allocation and absorption rate

167Total Units
SOLD UNITSFACT
58 (—)
REMAINING UNITSFACT
109 (—)
ABSORPTION RATEDERIVED
—

Mahanka inventory observation: The statutory registry records 167 registered units, with 58 sold and 109 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
GF 01Commercial property1010%
GF 02 to 10Commercial property990100%
GF 11 and 12Commercial property220100%
GF 13 to 21Commercial property990100%
GF 22Commercial property1010%
GF 23 to 32Commercial property106460%
GF 33Commercial property1010%
FF 01Commercial property1010%
FF 02 to 10Commercial property92722.22%
FF 11 and 12Commercial property21150%
FF 13 to 21Commercial property94544.44%
FF 22Commercial property1010%
FF 23Commercial property1010%
FF 24 to 32Commercial property9090%
FF 33 and 34Commercial property2020%
FF 35 to 43Commercial property9090%
FF 44Commercial property1010%
SF 01Commercial property110100%
SF 02 to 10Commercial property97277.78%
SF 11 and 12Commercial property21150%
SF 13 to 21Commercial property9090%
SF 22Commercial property1010%
SF 23Commercial property110100%
SF 24 to 32Commercial property9090%
SF 33 and 34Commercial property21150%
SF 35 to 43Commercial property9090%
SF 44Commercial property1010%
TF 01Commercial property110100%
TF 02 to 10Commercial property94544.44%
TF 11 and 12Commercial property2020%
TF 13 to 21Commercial property92722.22%
TF 22Commercial property110100%
TF 23Commercial property1010%
TF 24 to 32Commercial property93633.33%
TF 33 and 34Commercial property21150%
TF 35 to 43Commercial property92722.22%
TF 44Commercial property1010%
2905Garage/Parking2020%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

TIMELINE NOT ASSESSED
Proposed StartFACT
2022-09-01
Proposed CompletionFACT
2025-03-08
Project AgeDERIVED
1459 days
Days OverdueDERIVED
540 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Bhopal
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
VILLAGE RASLAKHEDI TEHSIL HUJUR BHOPAL
Matched LocalityMATCHED
UNMATCHED

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
CHAWLA ASSOCIATES
Entity TypeFACT
Partnership Firm / LLP
CHAWLA ASSOCIATES1 Total Indexed Projects
COMPLETED0
ONGOING1
EXTENDED0
OVERDUE0
Portfolio Absorption: 0% across 1 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Guideline rates are displayed only when a project is linked to an official revenue locality with an EXACT or STRONG match tier. This project currently holds an unverified locality link.

9. Observable Risk & Delay SignalsINFERRED

Independent regulatory observations (not a composite score)

Proposed Completion Date PassedNO
Formally Extended by AuthorityNO
High Remaining Inventory on Overdue ProjectNO
Project Age Over 5 YearsNO

Each marker represents an independent observable signal from public filings. Mahanka does not aggregate these into a speculative score.

10. Indexed Statutory DocumentsFACT

80 categorized public files

REGISTRATION(3)
  • 📄 Affidavit
  • 📄 Affidavit Cum Declaration
  • 📄 Other Documents
APPROVAL(5)
  • 📄 Approval Town Country Planning
  • 📄 Building Permission Authority
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
OTHER(53)
  • 📄 Brochure
  • 📄 Colonisers License
  • 📄 Common Area Facilities
  • 📄 Development Work Plan
  • 📄 Encumbrances On Land
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Schedule A
  • 📄 Schedule B
  • 📄 Schedule C2
  • 📄 Schedule C3
  • 📄 Schedule D
  • 📄 Schedule E
  • 📄 Schedule F (Draft Brochure)
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Stilt Base Parking
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
ALLOTMENT(1)
  • 📄 Draft Agreement
BUILDING_PLAN(1)
  • 📄 Sanction Building Plan
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
FINANCIAL(1)
  • 📄 Engineer's Certificate
PHOTOGRAPH(15)
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

  • NEW_PROJECT17/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

—%Completeness Index
Formula Version: 1.0.0
Audit Timestamp: —
  • Locality is UNMATCHED: no verified spatial or text match in official gazette.
  • Guideline rate benchmark is withheld because locality match is not EXACT or STRONG.
  • Coordinates are not published by MP RERA and are not invented.
  • Derived metrics & timeline classifications are Mahanka analytical models, not statutory certifications.
🗺

Micro-Market Competitive Landscape (5 km Radius)

Other RERA-registered developments competing in the same planning sector as ELEGANT BUSINESS SQUARE.

View all Bhopal projects →
ONGOING
📍 2.5 km

ELEGANT BUSINESS SQUARE

Promoter: CHAWLA ASSOCIATES

RERA ActiveInspect →

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

80 indexed documents
Latest QPR
No QPR found in indexed source
Not found in indexed source
Latest APR
No APR found in indexed source
Not found in indexed source
Completion certificate
No certificate found in indexed source
Not found in indexed source

Freshness measures the age of Mahanka’s source capture. It does not certify statutory compliance or confirm that a filing was accepted by the authority.

Buyer due-diligence checklist

A source-led review path for this project.

✓RERA registration numberFoundP-BPL-22-3704
✓Promoter identityFoundCHAWLA ASSOCIATES
✓Proposed completion dateFound2025-03-08
!Latest QPRReviewNo QPR was found in the indexed source.
!Latest APRReviewNo APR was found in the indexed source.
!Completion certificateReviewNo completion or occupancy certificate was found in the indexed source.
!Timeline changesReview1 source changes are visible in the project timeline.
✓Project statusFoundONGOING

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →
Registered projects
2
Completed
0
Extensions / delays
0
Cities represented
1
ELEGANT BUSINESS SQUAREONGOINGELEGANT BUSINESS SQUAREONGOING

MP RERA authority contact

Role-based public contact for source verification and statutory queries.

Verify before relying
Real Estate Regulatory Authority, Madhya Pradesh

Rera Bhavan, Arera Hills, Main Road No. 1, Bhopal 462011

Phone: 0755-2556760 · 0755-2557955
Email: secretaryrera@mp.gov.in
Portal: Official website ↗
Last verified: 29 Aug 2026Published MP RERA record ↗
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Official Regulatory Source

This record was extracted from the public Madhya Pradesh Real Estate Regulatory Authority (MP RERA) registry.

View on MP RERA Portal
Source System:MP RERA Public Register
QA State:VERIFIED PUBLIC RECORD

City Directory

Explore all registered developments, townships, and commercial hubs in Bhopal.

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for ELEGANT BUSINESS SQUARE

Live borrowing capacity, exact stamp dues, and institutional protection underwriting.

Loan-to-Value (LTV):
Tenure:
Benchmark Rate:8.5% p.a.
Max Loan Sanction (80% LTV)
₹ 60,00,000
Collateral Base: ₹ 75,00,000
Indicative EMI (20 Yrs @ 8.5%)
₹ 52,069 / mo
Principal + Interest Component
Total Upfront Cash Required
₹ 23,02,500
20% Margin (₹ 15,00,000) + Govt Dues (₹ 7,87,500) + Legal Vetting (₹ 15,000)
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