Is BALAJI RESIDENCY in Indore registered with MP RERA?

Yes, BALAJI RESIDENCY is an official MP RERA registered project (Registration No: P-IND-20-2654). The project is promoted by M/S. BALAJI DEVELOPERS and is currently marked as COMPLETED.

Who is the developer of BALAJI RESIDENCY?

BALAJI RESIDENCY is developed by M/S. BALAJI DEVELOPERS, an active real estate promoter in Indore, Madhya Pradesh.

BALAJI RESIDENCY | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for BALAJI RESIDENCY?

Data Provenance

Registration No

P-IND-20-2654FACT

Project Name

BALAJI RESIDENCYFACT

Status

COMPLETEDFACT

Promoter

M/S. BALAJI DEVELOPERSFACT

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

BALAJI RESIDENCY

Registration NumberFACT

P-IND-20-2654

Project StatusFACT

COMPLETED

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

Self

Estimated Land CostFACT

₹317.63 Lakh

Estimated Construction CostFACT

₹243.72 Lakh

Construction Cost / UnitDERIVED

₹1.37 Lakh

Across 178 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

178Total Units

SOLD UNITSFACT

141 (79.21%)

REMAINING UNITSFACT

37 (20.79%)

ABSORPTION RATEDERIVED

79.21%

Mahanka inventory observation: The statutory registry records 178 registered units, with 141 sold and 37 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential	Plot	158	130	28	82.28%
lig	Plot	8	5	3	62.5%
EWS	Plot	12	6	6	50%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETED

Proposed StartFACT

2020-04-01

Proposed CompletionFACT

2023-10-01

Project AgeDERIVED

2340 days

Days to CompletionDERIVED

—

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Survey No. 61, 63/1, 63/2/4, 69/1/1/1/2 at village Borkhedi, Tehsil Mhow, District Indore.

Matched LocalityMATCHED

Borkhedi

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'borkhedi' equals locality 'Borkhedi'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

M/S. BALAJI DEVELOPERS

Entity TypeFACT

Partnership Firm / LLP

BALAJI INFRA3 Total Indexed Projects

COMPLETED1

ONGOING2

EXTENDED0

OVERDUE1

Portfolio Absorption: 80.17% across 232 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹1,500 / sqm

Multi-Story ResidentialMATCHED

₹0 / sqm

Commercial OfficeMATCHED

₹11,600 / sqm

Guideline rates are source-linked from MPIGR FY 2026–27 Statutory Gazette for Borkhedi (Match Tier: EXACT).

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Borkhedi

13 Peers in LocalityAvg Peer Absorption: 37%

Project	Promoter	Status	Units	Absorption	Completion
ANANDPURAM COLONY	gv	ONGOING	171	0%	2023-12-08
GREEN AASHIYANA RESIDENCY	aashiyana-shagun	ONGOING	218	0%	—
DREAM TOWN	aashiyana-shagun	ONGOING	279	0%	—
DHAROHAR RESIDENCY	aashiyana-shagun	ONGOING	181	23.2%	2022-06-30
SHREE BALAJI VIHAR	shree	ONGOING	302	63.91%	2023-08-31
SHREE VINAYAK GREENS	associates-poorva	ONGOING	344	63.08%	2025-08-23
RAMESHWAR DHAM	nathji-shree	ONGOING	208	57.21%	2025-04-26
SHREE BALAJI VIHAR-2	shree	ONGOING	51	94.12%	2025-04-29

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

108 categorized public files

OTHER(35)

APPROVAL(4)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

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: 2026-08-15T20:38:03.463Z

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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