MAHANKA/Indore/RERA/IRIS PARK - PHASE I

IRIS PARK - PHASE ICOMPLETED

★Are you the official developer or sales mandate for IRIS PARK - PHASE I?
Data Provenance
Registration No
P-IND-17-652FACT
Project Name
IRIS PARK - PHASE IFACT
Status
COMPLETEDFACT
Promoter
AADISH VENTURE PVT. LTD.FACT
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
IRIS PARK - PHASE I
Registration NumberFACT
P-IND-17-652
Project StatusFACT
COMPLETED
Project Type (Portal)FACT
Ongoing
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
Shree Royal Infratech, Vishwatmak Om Guru Dev & Co., Aadish Venture Private Ltd.
Estimated Land CostFACT
₹2,210.55 Lakh
Estimated Construction CostFACT
₹269.5 Lakh
Construction Cost / UnitDERIVED
₹2 Lakh
Across 135 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

135Total Units
SOLD UNITSFACT
94 (69.63%)
REMAINING UNITSFACT
41 (30.37%)
ABSORPTION RATEDERIVED
69.63%

Mahanka inventory observation: The statutory registry records 135 registered units, with 94 sold and 41 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
Genral Plot AreaPlot72502269.44%
RH PlotPlot63441969.84%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETED
Proposed StartFACT
2017-04-28
Proposed CompletionFACT
2019-04-27
Project AgeDERIVED
3409 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
Khasra No.165/1/2 Meen-3, Khasra No.165/1/2/3, Khasra No.165/1/2 Meen-1 and Khasra No.165/2/2 Village Talawali Chanda Tehsil Indore District Indore State Madhya Pradesh
Matched LocalityMATCHED
Iris Park
Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
AADISH VENTURE PVT. LTD.
Entity TypeFACT
Company
AADISH VENTURE PVT. LTD.8 Total Indexed Projects
COMPLETED5
ONGOING3
EXTENDED0
OVERDUE1
Portfolio Absorption: 71.1% across 616 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED
₹40,000 / sqm
Multi-Story ResidentialMATCHED
₹27,500 / sqm
Commercial OfficeMATCHED
₹55,200 / sqm

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

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

65 categorized public files

OTHER(26)
  • 📄 Project document
  • 📄 Project document
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Encumbrances On Land
  • 📄 Project Status
  • 📄 Khasra
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
APPROVAL(4)
  • 📄 Approval Town Country Planning
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Building Permission Authority
REGISTRATION(1)
  • 📄 Affidavit Cum Declaration
FINANCIAL(1)
  • 📄 Engineer's Certificate
ALLOTMENT(1)
  • 📄 Draft Agreement
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
PHOTOGRAPH(31)
  • 📄 Oct 2018 - Dec 2018
  • 📄 Oct 2018 - Dec 2018
  • 📄 Oct 2018 - Dec 2018
  • 📄 Oct 2018 - Dec 2018
  • 📄 Oct 2018 - Dec 2018
  • 📄 Jul 2018 - Sep 2018
  • 📄 Jul 2018 - Sep 2018
  • 📄 Jul 2018 - Sep 2018
  • 📄 Apr 2018 - Jun 2018
  • 📄 Apr 2018 - Jun 2018
  • 📄 Apr 2018 - Jun 2018
  • 📄 Apr 2018 - Jun 2018
  • 📄 Apr 2018 - Jun 2018
  • 📄 Oct 2017 - Dec 2017
  • 📄 Jan 2018 - Mar 2018
  • 📄 Jan 2019 - Mar 2019
  • 📄 Jan 2019 - Mar 2019
  • 📄 Jan 2019 - Mar 2019
  • 📄 Jan 2019 - Mar 2019
  • 📄 Jan 2019 - Mar 2019

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: 2026-08-15T20:35:44.073Z
  • 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 IRIS PARK - PHASE I.

View all Indore projects →
COMPLETED
📍 2.5 km

IRIS CORRIDOR

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2023-09-30Inspect →
ONGOING
📍 2.5 km

VIRAJ GREENS

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2027-01-24Inspect →
COMPLETED
📍 2.5 km

IRIS PARK PHASE II

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2022-08-18Inspect →
ONGOING
📍 2.5 km

IRIS ELITE

Promoter: AADISH VENTURE PVT. LTD.

RERA ActiveInspect →
COMPLETED
📍 2.5 km

IRIS PREMIUM

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2023-06-30Inspect →
COMPLETED
📍 2.5 km

IRIS LEAF

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2023-03-31Inspect →
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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

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for IRIS PARK - PHASE I

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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