Is BHOLIKA ASHIYANA in Indore registered with MP RERA?

Yes, BHOLIKA ASHIYANA is an official MP RERA registered project (Registration No: P-IND-22-3618). The project is promoted by MAHESH CHANDRA GARG and is currently marked as ONGOING.

Who is the developer of BHOLIKA ASHIYANA?

BHOLIKA ASHIYANA is developed by MAHESH CHANDRA GARG, an active real estate promoter in Indore, Madhya Pradesh.

BHOLIKA ASHIYANA | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for BHOLIKA ASHIYANA?

Data Provenance

Registration No

P-IND-22-3618FACT

Project Name

BHOLIKA ASHIYANAFACT

Status

ONGOINGFACT

Promoter

MAHESH CHANDRA GARGFACT

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

BHOLIKA ASHIYANA

Registration NumberFACT

P-IND-22-3618

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

Project Land is owned by Promoters

Estimated Land CostFACT

₹100.08 Lakh

Estimated Construction CostFACT

₹35 Lakh

Construction Cost / UnitDERIVED

₹2.06 Lakh

Across 17 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

17Total Units

SOLD UNITSFACT

5 (29.41%)

REMAINING UNITSFACT

12 (70.59%)

ABSORPTION RATEDERIVED

29.41%

Mahanka inventory observation: The statutory registry records 17 registered units, with 5 sold and 12 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
General Residential Plots	Plot	17	5	12	29.41%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-04-01

Proposed CompletionFACT

2024-12-02

Project AgeDERIVED

1610 days

Days OverdueDERIVED

634 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Land Khasra no. 83/2 and 84, at Village Limbodi, Tehsil & District Indore (MP)

Matched LocalityMATCHED

Limbodi

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'limbodi' equals locality 'Limbodi'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

MAHESH CHANDRA GARG

Entity TypeFACT

Individual

MAHESH CHANDRA GARG2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE2

Portfolio Absorption: 8.15% across 135 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹11,500 / sqm

Multi-Story ResidentialMATCHED

₹22,500 / sqm

Commercial OfficeMATCHED

₹29,700 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Limbodi

16 Peers in LocalityAvg Peer Absorption: 32%

Project	Promoter	Status	Units	Absorption	Completion
LAKE VIEW	creation-lakshya	ONGOING	—	—	—
SHANTI BASERA	devcon-radhika	ONGOING	65	92.31%	2022-12-31
LAKE VIEW	creation-lakshya	ONGOING	—	—	—
SAI CAMPUS	realities-sai	ONGOING	28	0%	2021-01-03
SHIV LOK	mahakaleshwar-shri	ONGOING	—	—	—
RAMAS VILLAS	enterprises-gajanand-shri	ONGOING	14	0%	2021-09-01
MAA SURAJ VIHAR	satnam	COMPLETED	167	21.56%	2021-01-24
PEACE POINT - 2	chhabra-singh-varjinder	ONGOING	260	0%	—

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(17)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

PHOTOGRAPH(54)

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: 2026-08-15T20:44:05.986Z

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 BHOLIKA ASHIYANA.

View all Indore projects →

ONGOING

📍 2.5 km

BHOLIKA GREENS

Promoter: MAHESH CHANDRA GARG

Expected: 2024-07-04Inspect →

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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.

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for BHOLIKA ASHIYANA

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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