Is NEW RACE COURSE BUSINESS PARK in Indore registered with MP RERA?

Yes, NEW RACE COURSE BUSINESS PARK is an official MP RERA registered project (Registration No: P-IND-23-3982). The project is promoted by DIVY HOSPITALITY PRIVATE LIMITED and is currently marked as ONGOING.

Who is the developer of NEW RACE COURSE BUSINESS PARK?

NEW RACE COURSE BUSINESS PARK is developed by DIVY HOSPITALITY PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

NEW RACE COURSE BUSINESS PARK | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for NEW RACE COURSE BUSINESS PARK?

Data Provenance

Registration No

P-IND-23-3982FACT

Project Name

NEW RACE COURSE BUSINESS PARKFACT

Status

ONGOINGFACT

Promoter

DIVY HOSPITALITY 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

NEW RACE COURSE BUSINESS PARK

Registration NumberFACT

P-IND-23-3982

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

Self

Estimated Land CostFACT

₹1,820 Lakh

Estimated Construction CostFACT

₹6,000 Lakh

Construction Cost / UnitDERIVED

₹26.32 Lakh

Across 228 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

228Total Units

SOLD UNITSFACT

192 (84.21%)

REMAINING UNITSFACT

36 (15.79%)

ABSORPTION RATEDERIVED

84.21%

Mahanka inventory observation: The statutory registry records 228 registered units, with 192 sold and 36 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Showrooms & Offices	Commercial property	228	192	36	84.21%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2023-01-01

Proposed CompletionFACT

2025-12-31

Project AgeDERIVED

1335 days

Days OverdueDERIVED

240 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Plot No. 21, Scheme No.139, MR-10, SuperCorridor, Indore

Matched LocalityMATCHED

UNMATCHED

Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

DIVY HOSPITALITY PRIVATE LIMITED

Entity TypeFACT

Company

DIVY HOSPITALITY PRIVATE LIMITED2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE1

Portfolio Absorption: 42.11% across 456 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

267 categorized public files

REGISTRATION(2)

APPROVAL(5)

OTHER(19)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

BUILDING_PLAN(1)

📄 Sanction Building Plan

PHOTOGRAPH(50)

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: 2026-08-15T20:40:07.287Z

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.

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Micro-Market Competitive Landscape (5 km Radius)

Other RERA-registered developments competing in the same planning sector as NEW RACE COURSE BUSINESS PARK.

View all Indore projects →

ONGOING

📍 2.5 km

NEW RACE COURSE BUSINESS PARK

Promoter: DIVY HOSPITALITY PRIVATE LIMITED

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

City Directory

Explore all registered developments, townships, and commercial hubs in Indore.

← Back to Indore RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for NEW RACE COURSE BUSINESS PARK

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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