Is NEXUS PARK in Indore registered with MP RERA?

Yes, NEXUS PARK is an official MP RERA registered project (Registration No: Indexed). The project is promoted by MAHALAXMI DEVELOPERS and is currently marked as ONGOING.

Who is the developer of NEXUS PARK?

NEXUS PARK is developed by MAHALAXMI DEVELOPERS, an active real estate promoter in Indore, Madhya Pradesh.

NEXUS PARK | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for NEXUS PARK?

Data Provenance

Registration No

—FACT

Project Name

NEXUS PARKFACT

Status

ONGOINGFACT

Promoter

MAHALAXMI DEVELOPERSFACT

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

NEXUS PARK

Registration NumberFACT

Not published

Project StatusFACT

ONGOING

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

Other

Land OwnershipFACT

Joint Venture

Estimated Land CostFACT

—

Estimated Construction CostFACT

₹367.04 Lakh

Construction Cost / UnitDERIVED

—

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

—Total Units

SOLD UNITSFACT

— (—)

REMAINING UNITSFACT

— (—)

ABSORPTION RATEDERIVED

—

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

TIMELINE NOT ASSESSED

Proposed StartFACT

2016-03-06

Proposed CompletionFACT

—

Project AgeDERIVED

3827 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

KH. No. 227 & OTHER VILLAGE PALDA, TEHSIL INDORE, DIST. INDORE

Matched LocalityMATCHED

Palda

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'palda' equals locality 'Palda'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

MAHALAXMI DEVELOPERS

Entity TypeFACT

Partnership Firm / LLP

MAHALAXMI DEVELOPERS1 Total Indexed Projects

COMPLETED0

ONGOING1

EXTENDED0

OVERDUE0

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹10,000 / sqm

Multi-Story ResidentialMATCHED

₹16,500 / sqm

Commercial OfficeMATCHED

₹29,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Palda

15 Peers in LocalityAvg Peer Absorption: 24%

Project	Promoter	Status	Units	Absorption	Completion
EMPIRE URBANE – I	company	ONGOING	161	0%	2024-02-07
EMPIRE URBANE – II	company	ONGOING	309	0%	2024-02-07
SHANTI NIWAS	devcon-radhika	ONGOING	128	100%	2021-03-14
SANSKRUTI PALM	gomti	COMPLETED	94	14.89%	2021-11-14
SANSKAR SAROVAR	devcon-varun	ONGOING	330	36.67%	2023-10-02
SHIVNIKETAN	bholenath	EXTENDED	160	27.5%	2023-12-31
TISHYA VICTORY	devcon-varun	COMPLETED	406	20.2%	2025-08-01
BHOLIKA GREENS	chandra-garg-mahesh	ONGOING	118	5.08%	2024-07-04

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 YearsYES

Each marker represents an independent observable signal from public filings. Mahanka does not aggregate these into a speculative score.

10. Indexed Statutory DocumentsFACT

12 categorized public files

APPROVAL(4)

OTHER(4)

REGISTRATION(1)

📄 Affidavit Cum Declaration

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

58.33%Completeness Index

promoterPRESENT

timelinePARTIAL

documentsPRESENT

inventoryMISSING

project locationPRESENT

registration numberMISSING

Formula Version: 1.0.0

Audit Timestamp: 2026-08-15T20:44:38.775Z

Registration number is missing from the RERA source listing.
Inventory unit counts were not reported in the RERA project filing.
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.

← Back to Indore RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for NEXUS 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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