Is HIGHWAY ELEGANCE PHASE-2 in Indore registered with MP RERA?

Yes, HIGHWAY ELEGANCE PHASE-2 is an official MP RERA registered project (Registration No: P-IND-24-5020). The project is promoted by GRACELAND HABITATS SERENE PRIVATE LIMITED and is currently marked as ONGOING.

Who is the developer of HIGHWAY ELEGANCE PHASE-2?

HIGHWAY ELEGANCE PHASE-2 is developed by GRACELAND HABITATS SERENE PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

HIGHWAY ELEGANCE PHASE-2 | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for HIGHWAY ELEGANCE PHASE-2?

Data Provenance

Registration No

P-IND-24-5020FACT

Project Name

HIGHWAY ELEGANCE PHASE-2FACT

Status

ONGOINGFACT

Promoter

GRACELAND HABITATS SERENE PRIVATE LIMITEDFACT

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

HIGHWAY ELEGANCE PHASE-2

Registration NumberFACT

P-IND-24-5020

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

Graceland Habitats Serene Private Limited

Estimated Land CostFACT

₹182.01 Lakh

Estimated Construction CostFACT

₹496 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

2024-05-01

Proposed CompletionFACT

2027-03-31

Project AgeDERIVED

849 days

Days to CompletionDERIVED

215 days remaining

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

18,20,24,25,26/1 , Village Bagoda , Tehsil: - Rau, District: - Indore

Matched LocalityMATCHED

Bagoda

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'bagoda' equals locality 'Bagoda'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

GRACELAND HABITATS SERENE PRIVATE LIMITED

Entity TypeFACT

Company

GRACELAND HABITATS SERENE PRIVATE LIMITED23 Total Indexed Projects

COMPLETED5

ONGOING18

EXTENDED0

OVERDUE13

Portfolio Absorption: 51.89% across 5,622 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹5,500 / sqm

Multi-Story ResidentialMATCHED

₹0 / sqm

Commercial OfficeMATCHED

₹17,700 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Bagoda

2 Peers in LocalityAvg Peer Absorption: 87%

Project	Promoter	Status	Units	Absorption	Completion
GLOBAL PARK	global	ONGOING	369	86.99%	2022-08-28
HIGHWAY ELEGANCE PHASE-1	graceland-habitats-serene	ONGOING	—	—	2027-03-31

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

100 categorized public files

REGISTRATION(2)

OTHER(46)

APPROVAL(4)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(25)

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: 2026-08-15T20:42:01.788Z

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.

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