Is RISHIRAJ PARK in Indore registered with MP RERA?

Yes, RISHIRAJ PARK is an official MP RERA registered project (Registration No: P-OTH-22-3125). The project is promoted by DEEPESH CHOPRA and is currently marked as ONGOING.

Who is the developer of RISHIRAJ PARK?

RISHIRAJ PARK is developed by DEEPESH CHOPRA, an active real estate promoter in Indore, Madhya Pradesh.

RISHIRAJ PARK | MP RERA Project Intelligence & Guideline Benchmark

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

Data Provenance

Registration No

P-OTH-22-3125FACT

Project Name

RISHIRAJ PARKFACT

Status

ONGOINGFACT

Promoter

DEEPESH CHOPRAFACT

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

RISHIRAJ PARK

Registration NumberFACT

P-OTH-22-3125

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

Other

Land OwnershipFACT

self

Estimated Land CostFACT

₹171.07 Lakh

Estimated Construction CostFACT

₹371 Lakh

Construction Cost / UnitDERIVED

₹1.5 Lakh

Across 247 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

247Total Units

SOLD UNITSFACT

140 (56.68%)

REMAINING UNITSFACT

107 (43.32%)

ABSORPTION RATEDERIVED

56.68%

Mahanka inventory observation: The statutory registry records 247 registered units, with 140 sold and 107 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential	Plot	3	0	3	0%
Residential-2	Plot	23	13	10	56.52%
Residential-3	Plot	56	37	19	66.07%
Residential-4	Plot	68	55	13	80.88%
Residential-5	Plot	25	6	19	24%
Residential-6	Plot	19	3	16	15.79%
Residential-7	Plot	19	2	17	10.53%
EWS	Plot	20	13	7	65%
LIG	Plot	13	11	2	84.62%
Commercial plot	Plot	1	0	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-01-01

Proposed CompletionFACT

2023-12-31

Project AgeDERIVED

1700 days

Days OverdueDERIVED

971 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Survey No. 649/1, 649/2, 649/3, 650/1/2 (650/1/2/1 and 650/1/2/2), 650/1/3, 650/3/1, 650/3/2/2, 650/3/2/3 and 651/2/2 at village Hatod, Tehsil Hatod & District Indore, M.P.

Matched LocalityMATCHED

Rishiraj Park

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

DEEPESH CHOPRA

Entity TypeFACT

Individual

DEEPESH CHOPRA1 Total Indexed Projects

COMPLETED0

ONGOING1

EXTENDED0

OVERDUE1

Portfolio Absorption: 56.68% across 247 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹15,000 / sqm

Multi-Story ResidentialMATCHED

₹23,000 / sqm

Commercial OfficeMATCHED

₹36,100 / sqm

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

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

98 categorized public files

APPROVAL(4)

OTHER(43)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(28)

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: 2026-08-15T20:44:00.215Z

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.

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for RISHIRAJ 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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