Is BHARAT PROGRESSIVE PARK in Indore registered with MP RERA?

Yes, BHARAT PROGRESSIVE PARK is an official MP RERA registered project (Registration No: P-IND-22-3545). The project is promoted by MEGA BUILDERS and is currently marked as ONGOING.

Who is the developer of BHARAT PROGRESSIVE PARK?

BHARAT PROGRESSIVE PARK is developed by MEGA BUILDERS, an active real estate promoter in Indore, Madhya Pradesh.

BHARAT PROGRESSIVE PARK | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for BHARAT PROGRESSIVE PARK?

Data Provenance

Registration No

P-IND-22-3545FACT

Project Name

BHARAT PROGRESSIVE PARKFACT

Status

ONGOINGFACT

Promoter

MEGA BUILDERSFACT

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

BHARAT PROGRESSIVE PARK

Registration NumberFACT

P-IND-22-3545

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

lokesh yeshi

Estimated Land CostFACT

₹582.09 Lakh

Estimated Construction CostFACT

₹321.29 Lakh

Construction Cost / UnitDERIVED

₹1.12 Lakh

Across 287 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

287Total Units

SOLD UNITSFACT

77 (26.83%)

REMAINING UNITSFACT

210 (73.17%)

ABSORPTION RATEDERIVED

26.83%

Mahanka inventory observation: The statutory registry records 287 registered units, with 77 sold and 210 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential Plots	Plot	282	77	205	27.3%
Commercial Plots	Commercial property	5	0	5	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-03-01

Proposed CompletionFACT

2025-02-27

Project AgeDERIVED

1641 days

Days OverdueDERIVED

547 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

khasra 3/1/2p village bajarang paliya tehsil sawer district indore

Matched LocalityMATCHED

Progressive Park

Tier: STRONG (86% conf.)

Match Evidence: Locality 'Progressive Park' in address/title with district indore

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

MEGA BUILDERS

Entity TypeFACT

Partnership Firm / LLP

MEGA BUILDERS4 Total Indexed Projects

COMPLETED0

ONGOING4

EXTENDED0

OVERDUE3

Portfolio Absorption: 34.56% across 434 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹15,000 / sqm

Multi-Story ResidentialMATCHED

₹28,000 / sqm

Commercial OfficeMATCHED

₹40,200 / sqm

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

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 ProjectFLAGGED

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

169 categorized public files

APPROVAL(4)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

REGISTRATION(2)

OTHER(71)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

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: 2026-08-15T20:39:31.464Z

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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