Is SHEETAL PARADISE PHASE-2 in Bhopal registered with MP RERA?

Yes, SHEETAL PARADISE PHASE-2 is an official MP RERA registered project (Registration No: P-BPL-20-2789). The project is promoted by SANSKAAR BUILDERS AND DEVELOPERS and is currently marked as ONGOING.

Who is the developer of SHEETAL PARADISE PHASE-2?

SHEETAL PARADISE PHASE-2 is developed by SANSKAAR BUILDERS AND DEVELOPERS, an active real estate promoter in Bhopal, Madhya Pradesh.

SHEETAL PARADISE PHASE-2 | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SHEETAL PARADISE PHASE-2?

Data Provenance

Registration No

P-BPL-20-2789FACT

Project Name

SHEETAL PARADISE PHASE-2FACT

Status

ONGOINGFACT

Promoter

SANSKAAR BUILDERS AND DEVELOPERSFACT

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

SHEETAL PARADISE PHASE-2

Registration NumberFACT

P-BPL-20-2789

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

Owner

Estimated Land CostFACT

₹53 Lakh

Estimated Construction CostFACT

₹708.19 Lakh

Construction Cost / UnitDERIVED

₹9.84 Lakh

Across 72 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

72Total Units

SOLD UNITSFACT

29 (—)

REMAINING UNITSFACT

43 (—)

ABSORPTION RATEDERIVED

—

Mahanka inventory observation: The statutory registry records 72 registered units, with 29 sold and 43 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Flat	Apartment	69	28	41	40.58%
Shop	Commercial property	3	1	2	33.33%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

TIMELINE NOT ASSESSED

Proposed StartFACT

2020-01-01

Proposed CompletionFACT

2023-06-01

Project AgeDERIVED

2431 days

Days OverdueDERIVED

1184 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Bhopal

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

kh 148/1/ga, Narela Shankri, Ayodhya Bypass, Bhopal

Matched LocalityMATCHED

UNMATCHED

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SANSKAAR BUILDERS AND DEVELOPERS

Entity TypeFACT

Partnership Firm / LLP

Promoter portfolio rollups not yet indexed for this single entity.

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 YearsYES

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(2)

APPROVAL(5)

OTHER(39)

ALLOTMENT(1)

📄 Draft Agreement

BUILDING_PLAN(1)

📄 Sanction Building Plan

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

FINANCIAL(1)

📄 Engineer's Certificate

PHOTOGRAPH(30)

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 SHEETAL PARADISE PHASE-2.

View all Bhopal projects →

ONGOING

📍 2.5 km

SANSKAAR PARADISE

Promoter: SANSKAAR BUILDERS AND DEVELOPERS

Expected: 2025-02-20Inspect →

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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.

← Back to Bhopal RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for SHEETAL PARADISE PHASE-2

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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