Is BCM PANACHE AND UPAHAR NAGAR-PHASE 2 in Indore registered with MP RERA?

Yes, BCM PANACHE AND UPAHAR NAGAR-PHASE 2 is an official MP RERA registered project (Registration No: P-IND-24-4740). The project is promoted by BICHOLI DEVCON LLP and is currently marked as ONGOING.

Who is the developer of BCM PANACHE AND UPAHAR NAGAR-PHASE 2?

BCM PANACHE AND UPAHAR NAGAR-PHASE 2 is developed by BICHOLI DEVCON LLP, an active real estate promoter in Indore, Madhya Pradesh.

BCM PANACHE AND UPAHAR NAGAR-PHASE 2 | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for BCM PANACHE AND UPAHAR NAGAR-PHASE 2?

Data Provenance

Registration No

P-IND-24-4740FACT

Project Name

BCM PANACHE AND UPAHAR NAGAR-PHASE 2FACT

Status

ONGOINGFACT

Promoter

BICHOLI DEVCON LLPFACT

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

BCM PANACHE AND UPAHAR NAGAR-PHASE 2

Registration NumberFACT

P-IND-24-4740

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

BICHOLI DEVCON LLP & CHANDA CHOUDHARY

Estimated Land CostFACT

₹4,125 Lakh

Estimated Construction CostFACT

₹775 Lakh

Construction Cost / UnitDERIVED

—

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

—Total Units

SOLD UNITSFACT

— (—)

REMAINING UNITSFACT

— (—)

ABSORPTION RATEDERIVED

—

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

ON SCHEDULE

Proposed StartFACT

2023-11-01

Proposed CompletionFACT

2026-10-09

Project AgeDERIVED

1031 days

Days to CompletionDERIVED

42 days remaining

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

KH NO 48, 66/1, 66/2 & OTHERS, TESHIL BICHOLI HAPSI, VILLAGE BADIYA KEEMA & KH NO 20/1/2/1 & 20/1/2/2 VILLAGE DUDHIYA, INDORE

Matched LocalityMATCHED

Badiya

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'badiya' equals locality 'Badiya'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

BICHOLI DEVCON LLP

Entity TypeFACT

Partnership Firm / LLP

BICHOLI DEVCON LLP2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE0

Portfolio Absorption: 29.21% across 89 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 Badiya (Match Tier: EXACT).

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Badiya

5 Peers in LocalityAvg Peer Absorption: 29%

Project	Promoter	Status	Units	Absorption	Completion
SATTVAA	infraventures-significant	ONGOING	82	28.05%	2026-03-02
BCM PANACHE II AND UPAHAR NAGAR II - BY PANACHE INFRAVENTURES PRIVATE LIMITED	infraventures-panache	ONGOING	—	—	2027-10-31
SATTVAA SECTOR B	devcon-superlative	ONGOING	—	—	2027-08-04
VIRAJ GREENS	aadish-pvt-venture	ONGOING	—	—	2027-01-24
BCM PANACHE AND UPAHAR NAGAR-PHASE 1	bicholi-devcon	ONGOING	89	29.21%	2026-10-15

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

99 categorized public files

APPROVAL(4)

REGISTRATION(2)

OTHER(42)

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

FINANCIAL(1)

📄 Engineer's Certificate

PHOTOGRAPH(29)

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

83.33%Completeness Index

promoterPRESENT

timelinePRESENT

documentsPRESENT

inventoryMISSING

project locationPRESENT

registration numberPRESENT

Formula Version: 1.0.0

Audit Timestamp: 2026-08-15T20:45:38.152Z

Inventory unit counts were not reported in the RERA project filing.
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 BCM PANACHE AND UPAHAR NAGAR-PHASE 2.

View all Indore projects →

ONGOING

📍 2.5 km

BCM PANACHE AND UPAHAR NAGAR-PHASE 1

Promoter: BICHOLI DEVCON LLP

Expected: 2026-10-15Inspect →

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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 Indore.

← Back to Indore RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for BCM PANACHE AND UPAHAR NAGAR-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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Direct Institutional Mortgage Matching

Underwritten through sovereign & top-tier private lenders. Best client-first terms guaranteed.