Is SARTHAK GALAXY 2 PHASE-2 in Indore registered with MP RERA?

Yes, SARTHAK GALAXY 2 PHASE-2 is an official MP RERA registered project (Registration No: P-OTH-23-3891). The project is promoted by SARTHAK ESTATE DEVELOPERS and is currently marked as ONGOING.

Who is the developer of SARTHAK GALAXY 2 PHASE-2?

SARTHAK GALAXY 2 PHASE-2 is developed by SARTHAK ESTATE DEVELOPERS, an active real estate promoter in Indore, Madhya Pradesh.

SARTHAK GALAXY 2 PHASE-2 | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SARTHAK GALAXY 2 PHASE-2?

Data Provenance

Registration No

P-OTH-23-3891FACT

Project Name

SARTHAK GALAXY 2 PHASE-2FACT

Status

ONGOINGFACT

Promoter

SARTHAK ESTATE 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

SARTHAK GALAXY 2 PHASE-2

Registration NumberFACT

P-OTH-23-3891

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

M/s Agrawal associate

Estimated Land CostFACT

₹205 Lakh

Estimated Construction CostFACT

₹1,320 Lakh

Construction Cost / UnitDERIVED

₹10 Lakh

Across 132 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

132Total Units

SOLD UNITSFACT

58 (43.94%)

REMAINING UNITSFACT

74 (56.06%)

ABSORPTION RATEDERIVED

43.94%

Mahanka inventory observation: The statutory registry records 132 registered units, with 58 sold and 74 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential part 1 B2	Plot	60	50	10	83.33%
Residential part 2 A	Plot	72	8	64	11.11%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-09-15

Proposed CompletionFACT

2023-11-26

Project AgeDERIVED

1443 days

Days OverdueDERIVED

1006 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Part of 496/2, 497/2 village Rau, Tehsil and district INDORE

Matched LocalityMATCHED

Galaxy

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SARTHAK ESTATE DEVELOPERS

Entity TypeFACT

Partnership Firm / LLP

SARTHAK ESTATE DEVELOPERS6 Total Indexed Projects

COMPLETED2

ONGOING4

EXTENDED0

OVERDUE4

Portfolio Absorption: 49.02% across 563 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹22,000 / sqm

Multi-Story ResidentialMATCHED

₹22,680 / sqm

Commercial OfficeMATCHED

₹37,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Galaxy

7 Peers in LocalityAvg Peer Absorption: 70%

Project	Promoter	Status	Units	Absorption	Completion
SHANTI GREEN	devcon-radhika	ONGOING	94	100%	2025-08-15
SARTHAK GALAXY- III	sarthak	ONGOING	—	—	—
UTKARSH TERRACE	brothers-chordia-contractors	ONGOING	42	0%	—
GALAXY HOME	apsara	ONGOING	135	168.89%	2020-06-01
GALAXY CORRIDOR	estate-paryav-real	COMPLETED	177	71.19%	2025-02-28
UTKARSH TERRACE	brothers-chordia-contractors	ONGOING	42	11.9%	2025-02-21
GALAXY ENCLAVE	l-t-developers	ONGOING	—	—	2026-12-31

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

218 categorized public files

OTHER(23)

FINANCIAL(1)

📄 Engineer's Certificate

REGISTRATION(2)

APPROVAL(4)

ALLOTMENT(1)

📄 Draft Agreement

BUILDING_PLAN(2)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(46)

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: 2026-08-15T20:40:02.569Z

Coordinates are not published by MP RERA and are not invented.
Derived metrics & timeline classifications are Mahanka analytical models, not statutory certifications.

🗺