MAHANKA/Indore/RERA/SHIVNIKETAN

SHIVNIKETANEXTENDED

★Are you the official developer or sales mandate for SHIVNIKETAN?
Data Provenance
Registration No
P-IND-22-3439FACT
Project Name
SHIVNIKETANFACT
Status
EXTENDEDFACT
Promoter
BHOLENATH CONSTRUCTIONFACT
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
SHIVNIKETAN
Registration NumberFACT
P-IND-22-3439
Project StatusFACT
EXTENDED
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
₹636.57 Lakh
Estimated Construction CostFACT
₹205.82 Lakh
Construction Cost / UnitDERIVED
₹1.29 Lakh
Across 160 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

160Total Units
SOLD UNITSFACT
44 (27.5%)
REMAINING UNITSFACT
116 (72.5%)
ABSORPTION RATEDERIVED
27.5%

Mahanka inventory observation: The statutory registry records 160 registered units, with 44 sold and 116 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
Shop cum ResidentialPlot9090%
Residential GeneralPlot140140%
Residential General-3Plot106460%
Residential General-4Plot126650%
Residential General-5Plot113827.27%
Residential General-6Plot103730%
Residential General-7Plot124833.33%
Residential General-8Plot114736.36%
Residential General-9Plot121118.33%
Residential General-10Plot134930.77%
Residential General-11Plot1831516.67%
Residential General-12Plot7070%
Residential LIGPlot86275%
Residential EWSPlot6060%
Residential EWS-15Plot74357.14%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

EXTENDED
Proposed StartFACT
2022-01-01
Proposed CompletionFACT
2023-12-31
Project AgeDERIVED
1702 days
Days OverdueDERIVED
973 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Indore
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
Khasara No. 257/1, 259/1/1, 259/1/3 and 260 at Village Palda, Tahsil and District- Indore
Matched LocalityMATCHED
Palda
Tier: EXACT (97% conf.)

Match Evidence: RERA village 'palda' equals locality 'Palda'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
BHOLENATH CONSTRUCTION
Entity TypeFACT
Partnership Firm / LLP
BHOLENATH CONSTRUCTION1 Total Indexed Projects
COMPLETED0
ONGOING0
EXTENDED1
OVERDUE0
Portfolio Absorption: 27.5% across 160 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED
₹10,000 / sqm
Multi-Story ResidentialMATCHED
₹16,500 / sqm
Commercial OfficeMATCHED
₹29,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Palda

15 Peers in LocalityAvg Peer Absorption: 24%
ProjectPromoterStatusUnitsAbsorptionCompletion
NEXUS PARKmahalaxmiONGOING———
EMPIRE URBANE – IcompanyONGOING1610%2024-02-07
EMPIRE URBANE – IIcompanyONGOING3090%2024-02-07
SHANTI NIWASdevcon-radhikaONGOING128100%2021-03-14
SANSKRUTI PALMgomtiCOMPLETED9414.89%2021-11-14
SANSKAR SAROVARdevcon-varunONGOING33036.67%2023-10-02
TISHYA VICTORYdevcon-varunCOMPLETED40620.2%2025-08-01
BHOLIKA GREENSchandra-garg-maheshONGOING1185.08%2024-07-04

9. Observable Risk & Delay SignalsINFERRED

Independent regulatory observations (not a composite score)

Proposed Completion Date PassedNO
Formally Extended by AuthorityYES
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

139 categorized public files

FINANCIAL(1)
  • 📄 Engineer's Certificate
REGISTRATION(2)
  • 📄 Affidavit
  • 📄 Affidavit Cum Declaration
APPROVAL(4)
  • 📄 Approval Town Country Planning
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
ALLOTMENT(1)
  • 📄 Draft Agreement
OTHER(20)
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Encumbrances On Land
  • 📄 Brochure
  • 📄 Colonisers License
  • 📄 Schedule F (Draft Brochure)
  • 📄 Schedule E
  • 📄 Schedule A
  • 📄 Common Area Facilities
  • 📄 Schedule D
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Schedule C1
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
PHOTOGRAPH(51)
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Jul 2024 - Sep 2024
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jul 2024 - Sep 2024
  • 📄 Jul 2024 - Sep 2024
  • 📄 Jul 2024 - Sep 2024
  • 📄 Apr 2024 - Jun 2024
  • 📄 Apr 2024 - Jun 2024
  • 📄 Apr 2024 - Jun 2024
  • 📄 Apr 2024 - Jun 2024
  • 📄 Jan 2024 - Mar 2024
  • 📄 Jan 2024 - Mar 2024
  • 📄 Jan 2024 - Mar 2024
  • 📄 Jan 2024 - Mar 2024

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: 2026-08-15T20:39:08.338Z
  • Coordinates are not published by MP RERA and are not invented.
  • Derived metrics & timeline classifications are Mahanka analytical models, not statutory certifications.

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 2025 - Jun 2025
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-22-3439
✓Promoter identityFoundBHOLENATH CONSTRUCTION
✓Proposed completion dateFound2023-12-31
!Latest QPRReviewNo QPR was found in the indexed source.
✓Latest APRFoundApr 2025 - Jun 2025 · 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 statusFoundEXTENDED

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →
Registered projects
1
Completed
0
Extensions / delays
1
Cities represented
1
SHIVNIKETANEXTENDED

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 ↗
Loading map...

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.

← Back to Indore RERA Directory
Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for SHIVNIKETAN

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)
🏛️

Lending assessment request

Share your requirements for an indicative lending assessment. Eligibility, lender availability, pricing, and final terms depend on the responding institution.