Is PROGRESSIVE RAGA in Indore registered with MP RERA?

Yes, PROGRESSIVE RAGA is an official MP RERA registered project (Registration No: P-IND-22-3495). The project is promoted by MEGA BUILDERS and is currently marked as ONGOING.

Who is the developer of PROGRESSIVE RAGA?

PROGRESSIVE RAGA is developed by MEGA BUILDERS, an active real estate promoter in Indore, Madhya Pradesh.

PROGRESSIVE RAGA | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for PROGRESSIVE RAGA?

Data Provenance

Registration No

P-IND-22-3495FACT

Project Name

PROGRESSIVE RAGAFACT

Status

ONGOINGFACT

Promoter

MEGA BUILDERSFACT

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

PROGRESSIVE RAGA

Registration NumberFACT

P-IND-22-3495

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

Dharmajeet Birthare

Estimated Land CostFACT

₹179.84 Lakh

Estimated Construction CostFACT

₹131.9 Lakh

Construction Cost / UnitDERIVED

₹1.59 Lakh

Across 83 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

83Total Units

SOLD UNITSFACT

39 (46.99%)

REMAINING UNITSFACT

44 (53.01%)

ABSORPTION RATEDERIVED

46.99%

Mahanka inventory observation: The statutory registry records 83 registered units, with 39 sold and 44 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential Plots	Plot	66	36	30	54.55%
ews	Plot	7	1	6	14.29%
lig	Plot	3	0	3	0%
commercial	Commercial property	7	2	5	28.57%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-01-01

Proposed CompletionFACT

2024-12-29

Project AgeDERIVED

1700 days

Days OverdueDERIVED

607 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Khasra no. 313/2 Hectare Village Hingoniya Tehsil Kanadiya Distt. Indore (M.P.)

Matched LocalityMATCHED

Kanadiya

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

MEGA BUILDERS

Entity TypeFACT

Partnership Firm / LLP

MEGA BUILDERS4 Total Indexed Projects

COMPLETED0

ONGOING4

EXTENDED0

OVERDUE3

Portfolio Absorption: 34.56% across 434 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹9,000 / sqm

Multi-Story ResidentialMATCHED

₹12,000 / sqm

Commercial OfficeMATCHED

₹28,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Kanadiya

20 Peers in LocalityAvg Peer Absorption: 50%

Project	Promoter	Status	Units	Absorption	Completion
ARCADIA	nilesh-shri-vyas	ONGOING	—	—	—
EXOTIC AVENUE	ritu-singal	COMPLETED	43	0%	2023-10-31
SANMAN CITY	city-sanman	ONGOING	108	0%	—
ARIHANT KETKAR REGENCY	arihant-ketkar	ONGOING	28	0%	—
KG WOODLAND	gurukripa	ONGOING	—	—	—
SKYE SERENE	earth-skye	ONGOING	—	—	—
THE GRAND VIRASAT C	built-real-sarthak-vinayak	ONGOING	—	—	—
GREENFIELD PALM BY OYSTER	oyster	ONGOING	—	—	—

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

167 categorized public files

FINANCIAL(1)

📄 Engineer's Certificate

APPROVAL(4)

REGISTRATION(2)

OTHER(69)

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(2)

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: 2026-08-15T20:39:35.069Z

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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