Is ARIHANT NAGAR in Indore registered with MP RERA?

Yes, ARIHANT NAGAR is an official MP RERA registered project (Registration No: P-IND-19-2394). The project is promoted by M/S PRAYAS ENTERPRISES and is currently marked as ONGOING.

Who is the developer of ARIHANT NAGAR?

ARIHANT NAGAR is developed by M/S PRAYAS ENTERPRISES, an active real estate promoter in Indore, Madhya Pradesh.

ARIHANT NAGAR | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for ARIHANT NAGAR?

Data Provenance

Registration No

P-IND-19-2394FACT

Project Name

ARIHANT NAGARFACT

Status

ONGOINGFACT

Promoter

M/S PRAYAS ENTERPRISESFACT

Locality Link

UNMATCHEDNOT ASSESSED

Coordinates

Not available from sourceNOT ASSESSED

Last verified: 15 Aug 2026 · Source ↗

1. Project IdentityFACT

Official statutory registration record

Project NameFACT

ARIHANT NAGAR

Registration NumberFACT

P-IND-19-2394

Project StatusFACT

ONGOING

Project Type (Portal)FACT

New

First Seen in IndexDERIVED

15/8/2026

Last CrawledDERIVED

15/8/2026

2. Regulatory Economics & EscrowFACT

Project budget, land ownership, and escrow details

Planning AreaFACT

Indore

Land OwnershipFACT

M/S PRAYAS Enterprises

Estimated Land CostFACT

₹125.96 Lakh

Estimated Construction CostFACT

₹241 Lakh

Construction Cost / UnitDERIVED

₹2.06 Lakh

Across 117 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

117Total Units

SOLD UNITSFACT

110 (94.02%)

REMAINING UNITSFACT

7 (5.98%)

ABSORPTION RATEDERIVED

94.02%

Mahanka inventory observation: The statutory registry records 117 registered units, with 110 sold and 7 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
900sq.ft,	Plot	6	6	0	100%
1000 sq.ft.	Plot	61	61	0	100%
1200 sq.ft.	Plot	11	11	0	100%
1250 sq. ft.	Plot	10	10	0	100%
1500 sq. ft.	Plot	10	10	0	100%
1550 sq. ft.	Plot	4	0	4	0%
804 sq. ft. , LIG	Plot	5	2	3	40%
402 sq. ft., EWS	Plot	10	10	0	100%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2019-09-01

Proposed CompletionFACT

2022-09-30

Project AgeDERIVED

2553 days

Days OverdueDERIVED

1428 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

KH NO. 161 & 215(PART) AT VILLAGE NAINOD TEH & DIST. INDORE

Matched LocalityMATCHED

Arihant Nagar

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

M/S PRAYAS ENTERPRISES

Entity TypeFACT

Company

M/S PRAYAS ENTERPRISES1 Total Indexed Projects

COMPLETED0

ONGOING1

EXTENDED0

OVERDUE1

Portfolio Absorption: 94.02% across 117 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 PassedYES

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

85 categorized public files

APPROVAL(4)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

OTHER(35)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(36)

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

100%Completeness Index

promoterPRESENT

timelinePRESENT

documentsPRESENT

inventoryPRESENT

project locationPRESENT

registration numberPRESENT

Formula Version: 1.0.0

Audit Timestamp: 2026-08-15T20:37:38.636Z

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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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

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for ARIHANT NAGAR

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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