Is SHRINATH SAPPHIRE in Indore registered with MP RERA?

Yes, SHRINATH SAPPHIRE is an official MP RERA registered project (Registration No: P-OTH-23-4123). The project is promoted by VINOD PAL and is currently marked as ONGOING.

Who is the developer of SHRINATH SAPPHIRE?

SHRINATH SAPPHIRE is developed by VINOD PAL, an active real estate promoter in Indore, Madhya Pradesh.

SHRINATH SAPPHIRE | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SHRINATH SAPPHIRE?

Data Provenance

Registration No

P-OTH-23-4123FACT

Project Name

SHRINATH SAPPHIREFACT

Status

ONGOINGFACT

Promoter

VINOD PALFACT

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

SHRINATH SAPPHIRE

Registration NumberFACT

P-OTH-23-4123

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

VINOD PAL

Estimated Land CostFACT

₹53.73 Lakh

Estimated Construction CostFACT

₹301.09 Lakh

Construction Cost / UnitDERIVED

₹8.36 Lakh

Across 36 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

36Total Units

SOLD UNITSFACT

30 (83.33%)

REMAINING UNITSFACT

6 (16.67%)

ABSORPTION RATEDERIVED

83.33%

Mahanka inventory observation: The statutory registry records 36 registered units, with 30 sold and 6 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Flat 101, 201, 301, 401	Apartment	4	4	0	100%
Flat 102, 202, 302, 402	Apartment	4	4	0	100%
Flat 103, 203, 303, 403	Apartment	4	4	0	100%
Flat 104, 204, 304, 404	Apartment	4	4	0	100%
Flat 105, 205, 305, 405	Apartment	4	4	0	100%
Flat 106, 206, 306, 406	Apartment	4	4	0	100%
Flat 107, 207, 307, 407	Apartment	4	3	1	75%
Flat 108, 208, 308, 408	Apartment	4	2	2	50%
Flat 109, 209, 309, 409	Apartment	4	1	3	25%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2023-04-15

Proposed CompletionFACT

2024-06-30

Project AgeDERIVED

1231 days

Days OverdueDERIVED

789 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 number 75/1, Bagarda chota, Tehsil Malharganj, Distt. Indore.

Matched LocalityMATCHED

Malharganj

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

VINOD PAL

Entity TypeFACT

Individual

VINOD PAL2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE1

Portfolio Absorption: 83.33% across 36 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹50,000 / sqm

Multi-Story ResidentialMATCHED

₹25,000 / sqm

Commercial OfficeMATCHED

₹73,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Malharganj

20 Peers in LocalityAvg Peer Absorption: 0%

Project	Promoter	Status	Units	Absorption	Completion
R.R. GULAB CITY	accrual-realities	ONGOING	—	—	—
TATTVAM HEIGHTS PHASE 3	l-g-developers	ONGOING	—	—	—
LANDMARK AEROCITY	infraprojects-jmg	ONGOING	—	—	—
NAKSHTRA GREENS	chawda-estate-real	ONGOING	—	—	—
ADITYA GOVINDAM	buildcon-bvg	ONGOING	—	—	—
BUILDWELL IMPERIA	buildwell-ventures	ONGOING	—	—	—
DREAM GHAR	falodi-infraestate-paras	ONGOING	—	—	—
PREMIUM-HI-LINK-GREENS PARTH	indra-prem-residency	ONGOING	248	0%	2025-12-31

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

196 categorized public files

FINANCIAL(1)

📄 Engineer's Certificate

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

REGISTRATION(2)

APPROVAL(5)

ALLOTMENT(1)

📄 Draft Agreement

OTHER(19)

BUILDING_PLAN(2)

PHOTOGRAPH(49)

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: 2026-08-15T20:40:26.923Z

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

🗺

Micro-Market Competitive Landscape (5 km Radius)

Other RERA-registered developments competing in the same planning sector as SHRINATH SAPPHIRE.

View all Indore projects →

ONGOING

📍 2.5 km

SHRINATH RESIDENCY-I

Promoter: VINOD PAL

Expected: 2026-09-07Inspect →

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 SHRINATH SAPPHIRE

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)

🏛️

Direct Institutional Mortgage Matching

Underwritten through sovereign & top-tier private lenders. Best client-first terms guaranteed.