Is LOTUS PRIME in Indore registered with MP RERA?

Yes, LOTUS PRIME is an official MP RERA registered project (Registration No: P-OTH-24-4681). The project is promoted by PRIYANK GAGRANI PROPRIETOR VITTHAL REALTY and is currently marked as ONGOING.

Who is the developer of LOTUS PRIME?

LOTUS PRIME is developed by PRIYANK GAGRANI PROPRIETOR VITTHAL REALTY, an active real estate promoter in Indore, Madhya Pradesh.

LOTUS PRIME | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for LOTUS PRIME?

Data Provenance

Registration No

P-OTH-24-4681FACT

Project Name

LOTUS PRIMEFACT

Status

ONGOINGFACT

Promoter

PRIYANK GAGRANI PROPRIETOR VITTHAL REALTYFACT

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

LOTUS PRIME

Registration NumberFACT

P-OTH-24-4681

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

Other

Land OwnershipFACT

Anand M Real State & Construction Company

Estimated Land CostFACT

₹150.17 Lakh

Estimated Construction CostFACT

₹251.26 Lakh

Construction Cost / UnitDERIVED

₹1.41 Lakh

Across 178 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

178Total Units

SOLD UNITSFACT

29 (16.29%)

REMAINING UNITSFACT

149 (83.71%)

ABSORPTION RATEDERIVED

16.29%

Mahanka inventory observation: The statutory registry records 178 registered units, with 29 sold and 149 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
GENERAL	Plot	145	25	120	17.24%
EWS	Plot	14	1	13	7.14%
LIG	Plot	9	3	6	33.33%
Local Shops	Plot	9	0	9	0%
0	Garage/Parking	1	0	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

ON SCHEDULE

Proposed StartFACT

2023-06-01

Proposed CompletionFACT

2027-05-31

Project AgeDERIVED

1184 days

Days to CompletionDERIVED

276 days remaining

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Survey No.647/1P,648/1/1/2,648/3/1/2,648/2,648/4/1,648/5,648/6,647/4/3,648/1/2,648/1/1/3,648/3/1/1& 648/4/2 At Village Hatod Tehsil Hatod, Dist Indore.

Matched LocalityMATCHED

Lotus Prime

Tier: STRONG (86% conf.)

Match Evidence: Locality 'Lotus Prime' in address/title with district indore

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

PRIYANK GAGRANI PROPRIETOR VITTHAL REALTY

Entity TypeFACT

Proprietorship Firm

PRIYANK GAGRANI PROPRIETOR VITTHAL REALTY1 Total Indexed Projects

COMPLETED0

ONGOING1

EXTENDED0

OVERDUE0

Portfolio Absorption: 16.29% across 178 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹15,000 / sqm

Multi-Story ResidentialMATCHED

₹25,000 / sqm

Commercial OfficeMATCHED

₹38,100 / sqm

Guideline rates are source-linked from MPIGR FY 2026–27 Statutory Gazette for Lotus Prime (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

120 categorized public files

REGISTRATION(2)

APPROVAL(4)

OTHER(54)

FINANCIAL(2)

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(16)

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: 2026-08-15T20:41:42.016Z

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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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 LOTUS PRIME

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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