Is SHIKHAR ESTATE in Bhopal registered with MP RERA?

Yes, SHIKHAR ESTATE is an official MP RERA registered project (Registration No: P-BPL-21-2968). The project is promoted by KAILASH KUMAR ASSUDANI and is currently marked as ONGOING.

Who is the developer of SHIKHAR ESTATE?

SHIKHAR ESTATE is developed by KAILASH KUMAR ASSUDANI, an active real estate promoter in Bhopal, Madhya Pradesh.

SHIKHAR ESTATE | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SHIKHAR ESTATE?

Data Provenance

Registration No

P-BPL-21-2968FACT

Project Name

SHIKHAR ESTATEFACT

Status

ONGOINGFACT

Promoter

KAILASH KUMAR ASSUDANIFACT

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

SHIKHAR ESTATE

Registration NumberFACT

P-BPL-21-2968

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

Self owned

Estimated Land CostFACT

₹420 Lakh

Estimated Construction CostFACT

₹217 Lakh

Construction Cost / UnitDERIVED

₹1.9 Lakh

Across 114 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

114Total Units

SOLD UNITSFACT

70 (—)

REMAINING UNITSFACT

44 (—)

ABSORPTION RATEDERIVED

—

Mahanka inventory observation: The statutory registry records 114 registered units, with 70 sold and 44 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
A Type Plots (116.74)	Plot	5	2	3	40%
B Type Plots (111.32)	Plot	2	1	1	50%
C Type Plots (111.26)	Plot	2	0	2	0%
D Type Plots (103.89)	Plot	2	2	0	100%
E Type Plots (101.97)	Plot	2	2	0	100%
F Type Plots (100.11)	Plot	5	4	1	80%
G Type Plots (97.31)	Plot	3	3	0	100%
H Type Plots (96.46)	Plot	3	3	0	100%
I Type Plots (92.81)	Plot	2	0	2	0%
J Type Plots (92.75)	Plot	2	1	1	50%
K Type Plots (92.69)	Plot	6	6	0	100%
L Type Plots (89.03)	Plot	5	5	0	100%
M Type Plots (85.26)	Plot	9	2	7	22.22%
N Type Plots (81.72)	Plot	4	3	1	75%
O Type Plots (77.83)	Plot	9	9	0	100%
P Type Plots (66.74)	Plot	25	17	8	68%
Irregular Type Plots	Plot	23	8	15	34.78%
Mixed A Type Plots (139.04)	Plot	2	2	0	100%
Mixed B Type Plots (111.20)	Plot	1	0	1	0%
Mixed C Type Plots (92.69)	Plot	1	0	1	0%
Mixed D Type Plots (83.35)	Plot	1	0	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

TIMELINE NOT ASSESSED

Proposed StartFACT

2021-01-01

Proposed CompletionFACT

2024-12-31

Project AgeDERIVED

2066 days

Days OverdueDERIVED

606 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Bhopal

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Land parcel, consisting of various Khasras, such as No. 225/226/1/2/ka, 225/226/2/2/001, 227, 228, 229, 230/2/1 and 233/0002/0001, at Village Laukhedi, Patwari Halka No. 23, Tehsil : Huzur, Bhopal, Distt. : BHOPAL

Matched LocalityMATCHED

UNMATCHED

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

KAILASH KUMAR ASSUDANI

Entity TypeFACT

Proprietorship Firm

KAILASH KUMAR ASSUDANI2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE0

Portfolio Absorption: 0% across 102 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 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

OTHER(71)

REGISTRATION(2)

APPROVAL(4)

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

FINANCIAL(1)

📄 Engineer's Certificate

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.

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Micro-Market Competitive Landscape (5 km Radius)

Other RERA-registered developments competing in the same planning sector as SHIKHAR ESTATE.

View all Bhopal projects →

ONGOING

📍 2.5 km

SHIKHAR HEIGHTS

Promoter: KAILASH KUMAR ASSUDANI

RERA ActiveInspect →

ONGOING

📍 2.5 km

SHIKHAR HEIGHTS

Promoter: KAILASH KUMAR ASSUDANI

RERA ActiveInspect →

ONGOING

📍 2.5 km

KAJAL ENCLAVE

Promoter: KAILASH KUMAR ASSUDANI

Expected: 2021-06-30Inspect →

ONGOING

📍 2.5 km

SHIKHAR HEIGHTS

Promoter: KAILASH KUMAR ASSUDANI

Expected: 2024-06-30Inspect →

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-21-2968

Promoter identityFoundKAILASH KUMAR ASSUDANI

Proposed completion dateFound2024-12-31

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

Completed

Extensions / delays

Cities represented

SHIKHAR HEIGHTSONGOING SHIKHAR HEIGHTSONGOING KAJAL ENCLAVEONGOING SHIKHAR ESTATEONGOING SHIKHAR HEIGHTSONGOING

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.

← Back to Bhopal RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for SHIKHAR ESTATE

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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