MAHANKA/Indore/RERA/MEER ESTATE PHASE 2

MEER ESTATE PHASE 2ONGOING

★Are you the official developer or sales mandate for MEER ESTATE PHASE 2?
Data Provenance
Registration No
P-IND-24-4553FACT
Project Name
MEER ESTATE PHASE 2FACT
Status
ONGOINGFACT
Promoter
SUHAN DEVLOPERSFACT
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
MEER ESTATE PHASE 2
Registration NumberFACT
P-IND-24-4553
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
1- M/S REVA DEVELOPERS 2- VEE KAY SHAH DEVCON PRIVATE LIMITED 3- ANKIT SALUJA
Estimated Land CostFACT
₹389.8 Lakh
Estimated Construction CostFACT
₹205.6 Lakh
Construction Cost / UnitDERIVED
₹2.19 Lakh
Across 94 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

94Total Units
SOLD UNITSFACT
31 (32.98%)
REMAINING UNITSFACT
63 (67.02%)
ABSORPTION RATEDERIVED
32.98%

Mahanka inventory observation: The statutory registry records 94 registered units, with 31 sold and 63 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
Plots No 1Plot1010%
Plots No 2 to 7Plot62433.33%
Plots No 8Plot1010%
Plots No 9 to 17Plot91811.11%
Plots No 18Plot110100%
Plots No 19 to 26Plot84450%
Plots No 27Plot1010%
Plots No 28 to 33Plot61516.67%
Plots No 34Plot110100%
Plots No 35 to 53Plot1921710.53%
Plots No 56 to 69Plot148657.14%
Plots No 70 to 83Plot145935.71%
EWS Plot E1Plot1010%
EWS Plot E2Plot1010%
EWS Plot E3Plot110100%
EWS Plot E4Plot110100%
EWS Plot E5Plot110100%
EWS Plot E6Plot110100%
LIG Plot L1Plot1010%
LIG Plot L2Plot1010%
LIG Plot L3Plot110100%
LIG Plot L4Plot110100%
Shop - Resi Plot no 54Commercial property1010%
Shop - Resi Plot no 55Commercial property1010%
Shop - Resi Plot no 84Commercial property1010%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED
Proposed StartFACT
2023-09-15
Proposed CompletionFACT
2026-07-10
Project AgeDERIVED
1078 days
Days OverdueDERIVED
49 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Indore
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
Village Mirzapur, Tehsil Bicholi Hapsi, Indore
Matched LocalityMATCHED
UNMATCHED
Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
SUHAN DEVLOPERS
Entity TypeFACT
Partnership Firm / LLP
SUHAN DEVLOPERS4 Total Indexed Projects
COMPLETED1
ONGOING3
EXTENDED0
OVERDUE2
Portfolio Absorption: 22.12% across 330 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Guideline rates are displayed only when a project is linked to an official revenue locality with an EXACT or STRONG match tier. This project currently holds an unverified locality link.

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 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

129 categorized public files

APPROVAL(4)
  • 📄 Consent Land Owner
  • 📄 Approval Town Country Planning
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
REGISTRATION(2)
  • 📄 Affidavit
  • 📄 Affidavit Cum Declaration
OTHER(43)
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Schedule C1
  • 📄 Project document
  • 📄 Project document
FINANCIAL(1)
  • 📄 Engineer's Certificate
ALLOTMENT(1)
  • 📄 Draft Agreement
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
PHOTOGRAPH(28)
  • 📄 Apr 2025 - Jun 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2025 - Sep 2025
  • 📄 Jul 2024 - Sep 2024
  • 📄 Jul 2024 - Sep 2024
  • 📄 Jul 2024 - Sep 2024
  • 📄 Jul 2024 - Sep 2024
  • 📄 Apr 2024 - Jun 2024
  • 📄 Apr 2024 - Jun 2024
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025

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: 2026-08-15T20:41:21.427Z
  • Locality is UNMATCHED: no verified spatial or text match in official gazette.
  • Guideline rate benchmark is withheld because locality match is not EXACT or STRONG.
  • 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 MEER ESTATE PHASE 2.

View all Indore projects →
ONGOING
📍 2.5 km

SUVIJAY ENCLAVE

Promoter: SUHAN DEVLOPERS

Expected: 2026-07-20Inspect →
COMPLETED
📍 2.5 km

MEER ESTATE

Promoter: SUHAN DEVLOPERS

Expected: 2022-02-28Inspect →
ONGOING
📍 2.5 km

WELLINGTON PARK

Promoter: SUHAN DEVLOPERS

RERA ActiveInspect →
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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 MEER ESTATE PHASE 2

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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