MAHANKA/Indore/RERA/PADMAVATI PRIME

PADMAVATI PRIMEONGOING

★Are you the official developer or sales mandate for PADMAVATI PRIME?
Data Provenance
Registration No
P-IND-22-3510FACT
Project Name
PADMAVATI PRIMEFACT
Status
ONGOINGFACT
Promoter
SHRI BALAJI 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
PADMAVATI PRIME
Registration NumberFACT
P-IND-22-3510
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
₹386.67 Lakh
Estimated Construction CostFACT
₹450.36 Lakh
Construction Cost / UnitDERIVED
₹1.57 Lakh
Across 287 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

287Total Units
SOLD UNITSFACT
126 (43.9%)
REMAINING UNITSFACT
161 (56.1%)
ABSORPTION RATEDERIVED
43.9%

Mahanka inventory observation: The statutory registry records 287 registered units, with 126 sold and 161 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
GeneralPlot65183.33%
General-2Plot2171433.33%
General-3Plot7070%
General-4Plot107782972.9%
General-5Plot460460%
General-6Plot54203437.04%
EWSPlot22111150%
LIGPlot1651131.25%
Shops cum residentialPlot8080%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED
Proposed StartFACT
2022-04-01
Proposed CompletionFACT
2025-02-27
Project AgeDERIVED
1611 days
Days OverdueDERIVED
548 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Indore
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
268/1/1, 268/2/1, 268/2/2, 268/2/7, 268/2/8, 261/2, 265/1 and 278/2 at village Magarkheda, Tehsil Malharganj & District Indore
Matched LocalityMATCHED
Malharganj
Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
SHRI BALAJI DEVELOPERS
Entity TypeFACT
Partnership Firm / LLP
SHRI BALAJI DEVELOPERS3 Total Indexed Projects
COMPLETED1
ONGOING2
EXTENDED0
OVERDUE2
Portfolio Absorption: 49.19% across 681 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED
₹50,000 / sqm
Multi-Story ResidentialMATCHED
₹25,000 / sqm
Commercial OfficeMATCHED
₹73,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Malharganj

20 Peers in LocalityAvg Peer Absorption: 0%
ProjectPromoterStatusUnitsAbsorptionCompletion
R.R. GULAB CITYaccrual-realitiesONGOING———
TATTVAM HEIGHTS PHASE 3l-g-developersONGOING———
LANDMARK AEROCITYinfraprojects-jmgONGOING———
NAKSHTRA GREENSchawda-estate-realONGOING———
ADITYA GOVINDAMbuildcon-bvgONGOING———
BUILDWELL IMPERIAbuildwell-venturesONGOING———
DREAM GHARfalodi-infraestate-parasONGOING———
PREMIUM-HI-LINK-GREENS PARTHindra-prem-residencyONGOING2480%2025-12-31

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

122 categorized public files

APPROVAL(4)
  • 📄 Approval Town Country Planning
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
REGISTRATION(2)
  • 📄 Affidavit Cum Declaration
  • 📄 Affidavit
ALLOTMENT(1)
  • 📄 Draft Agreement
OTHER(38)
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Encumbrances On Land
  • 📄 Brochure
  • 📄 Colonisers License
  • 📄 Schedule E
  • 📄 Schedule A
  • 📄 Common Area Facilities
  • 📄 Schedule D
  • 📄 Other Documents
  • 📄 Schedule B
  • 📄 Schedule C1
  • 📄 Development Team Details
  • 📄 Agent Details
  • 📄 Open Parking
  • 📄 Engr Certificate
  • 📄 Schedule F (Draft Brochure)
  • 📄 Schedule G
  • 📄 Schedule H
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
FINANCIAL(2)
  • 📄 Ca Certificate
  • 📄 Engineer's Certificate
PHOTOGRAPH(32)
  • 📄 Jan 2024 - Mar 2024
  • 📄 Jan 2024 - Mar 2024
  • 📄 Jan 2024 - Mar 2024
  • 📄 Jan 2024 - Mar 2024
  • 📄 Oct 2023 - Dec 2023
  • 📄 Oct 2023 - Dec 2023
  • 📄 Oct 2023 - Dec 2023
  • 📄 Oct 2023 - Dec 2023
  • 📄 Oct 2023 - Dec 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Apr 2023 - Jun 2023
  • 📄 Apr 2023 - Jun 2023
  • 📄 Apr 2023 - Jun 2023

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: 2026-08-15T20:39:14.728Z
  • 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 PADMAVATI PRIME.

View all Indore projects →
ONGOING
📍 2.5 km

PADMAVATI PLATINUM

Promoter: SHRI BALAJI DEVELOPERS

Expected: 2025-03-30Inspect →
COMPLETED
📍 2.5 km

PADMAVATI PARK

Promoter: SHRI BALAJI DEVELOPERS

Expected: 2024-12-31Inspect →

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

80 indexed documents
Latest QPR
No QPR found in indexed source
Not found in indexed source
Latest APR
Apr 2023 - Jun 2023
Fresh source capture14 days since source capture
Open source ↗
Completion certificate
No certificate found in indexed source
Not found in indexed source

Freshness measures the age of Mahanka’s source capture. It does not certify statutory compliance or confirm that a filing was accepted by the authority.

Buyer due-diligence checklist

A source-led review path for this project.

✓RERA registration numberFoundP-IND-22-3510
✓Promoter identityFoundSHRI BALAJI DEVELOPERS
✓Proposed completion dateFound2025-02-27
!Latest QPRReviewNo QPR was found in the indexed source.
✓Latest APRFoundApr 2023 - Jun 2023 · 14 days since source capture
!Completion certificateReviewNo completion or occupancy certificate was found in the indexed source.
!Timeline changesReview1 source changes are visible in the project timeline.
✓Project statusFoundONGOING

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →
Registered projects
4
Completed
1
Extensions / delays
0
Cities represented
2
PADMAVATI PLATINUMONGOINGPADMAVATI PRIMEONGOINGSAGAR HIGH STREETONGOINGPADMAVATI PARKCOMPLETED

MP RERA authority contact

Role-based public contact for source verification and statutory queries.

Verify before relying
Real Estate Regulatory Authority, Madhya Pradesh

Rera Bhavan, Arera Hills, Main Road No. 1, Bhopal 462011

Phone: 0755-2556760 · 0755-2557955
Email: secretaryrera@mp.gov.in
Portal: Official website ↗
Last verified: 29 Aug 2026Published MP RERA record ↗
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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 PADMAVATI 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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