Is SHARDA GREENS in Indore registered with MP RERA?

Yes, SHARDA GREENS is an official MP RERA registered project (Registration No: P-IND-23-4395). The project is promoted by SHARDA DEVELOPERS and is currently marked as ONGOING.

Who is the developer of SHARDA GREENS?

SHARDA GREENS is developed by SHARDA DEVELOPERS, an active real estate promoter in Indore, Madhya Pradesh.

SHARDA GREENS | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SHARDA GREENS?

Data Provenance

Registration No

P-IND-23-4395FACT

Project Name

SHARDA GREENSFACT

Status

ONGOINGFACT

Promoter

SHARDA 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

SHARDA GREENS

Registration NumberFACT

P-IND-23-4395

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

Girdharlal Sharda, Girish Sharda

Estimated Land CostFACT

₹212.51 Lakh

Estimated Construction CostFACT

₹640.02 Lakh

Construction Cost / UnitDERIVED

₹2 Lakh

Across 320 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

320Total Units

SOLD UNITSFACT

90 (28.12%)

REMAINING UNITSFACT

230 (71.88%)

ABSORPTION RATEDERIVED

28.12%

Mahanka inventory observation: The statutory registry records 320 registered units, with 90 sold and 230 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential	Plot	160	66	94	41.25%
Residential-2	Plot	100	16	84	16%
Residential-3	Plot	45	8	37	17.78%
Shop cum Residential	Plot	15	0	15	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

ON SCHEDULE

Proposed StartFACT

2023-08-01

Proposed CompletionFACT

2027-07-31

Project AgeDERIVED

1123 days

Days to CompletionDERIVED

337 days remaining

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Survey No. 197, 262/16, 265 At Village Betma, Tehsil Depalpur, Dist. Indore (M.P.)

Matched LocalityMATCHED

Sharda Greens

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SHARDA DEVELOPERS

Entity TypeFACT

Partnership Firm / LLP

SHARDA DEVELOPERS1 Total Indexed Projects

COMPLETED0

ONGOING1

EXTENDED0

OVERDUE0

Portfolio Absorption: 28.13% across 320 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹10,100 / sqm

Multi-Story ResidentialMATCHED

₹0 / sqm

Commercial OfficeMATCHED

₹21,900 / sqm

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

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 YearsNO

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

10. Indexed Statutory DocumentsFACT

105 categorized public files

REGISTRATION(2)

APPROVAL(4)

OTHER(49)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(22)

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: 2026-08-15T20:41:03.985Z

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 SHARDA GREENS

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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