Is NEW STAR CITY in Indore registered with MP RERA?

Yes, NEW STAR CITY is an official MP RERA registered project (Registration No: P-IND-17-029). The project is promoted by SHANTI NATH INFRASTRUCTURE AND ESTATES PRIVATE LIMITED and is currently marked as COMPLETED.

Who is the developer of NEW STAR CITY?

NEW STAR CITY is developed by SHANTI NATH INFRASTRUCTURE AND ESTATES PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

NEW STAR CITY | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for NEW STAR CITY?

Data Provenance

Registration No

P-IND-17-029FACT

Project Name

NEW STAR CITYFACT

Status

COMPLETEDFACT

Promoter

SHANTI NATH INFRASTRUCTURE AND ESTATES 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 STAR CITY

Registration NumberFACT

P-IND-17-029

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

Shanti Nath Infrastructur and Estates Private Limited

Estimated Land CostFACT

₹60,95,630 Lakh

Estimated Construction CostFACT

₹2,43,00,000 Lakh

Construction Cost / UnitDERIVED

₹1,08,482.14 Lakh

Across 224 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

224Total Units

SOLD UNITSFACT

27 (12.05%)

REMAINING UNITSFACT

197 (87.95%)

ABSORPTION RATEDERIVED

12.05%

Mahanka inventory observation: The statutory registry records 224 registered units, with 27 sold and 197 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
General Plots	Plot	194	27	167	13.92%
LIG Plots	Plot	12	0	12	0%
EWS Plots	Plot	17	0	17	0%
0	Garage/Parking	1	0	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETED

Proposed StartFACT

2016-11-25

Proposed CompletionFACT

2019-11-24

Project AgeDERIVED

3563 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

AB Bypass Road, Near Newyork City, Village Nihlpur Mundi, Indore

Matched LocalityMATCHED

Mundi

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SHANTI NATH INFRASTRUCTURE AND ESTATES PRIVATE LIMITED

Entity TypeFACT

Company

SHANTI NATH INFRASTRUCTURE AND ESTATES PRIVATE LIMITED1 Total Indexed Projects

COMPLETED1

ONGOING0

EXTENDED0

OVERDUE0

Portfolio Absorption: 12.05% across 224 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 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

47 categorized public files

OTHER(24)

APPROVAL(5)

FINANCIAL(1)

📄 Engineer's Certificate

PHOTOGRAPH(15)

BUILDING_PLAN(1)

📄 Sanction Building Plan

REGISTRATION(1)

📄 Affidavit Cum Declaration

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: 2026-08-15T20:45:04.124Z

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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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

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for NEW STAR CITY

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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