Is SHUBH CITY in Indore registered with MP RERA?

Yes, SHUBH CITY is an official MP RERA registered project (Registration No: P-IND-23-4189). The project is promoted by SHREE VISHAL CONSTRUCTION and is currently marked as ONGOING.

Who is the developer of SHUBH CITY?

SHUBH CITY is developed by SHREE VISHAL CONSTRUCTION, an active real estate promoter in Indore, Madhya Pradesh.

SHUBH CITY | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SHUBH CITY?

Data Provenance

Registration No

P-IND-23-4189FACT

Project Name

SHUBH CITYFACT

Status

ONGOINGFACT

Promoter

SHREE VISHAL 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

SHUBH CITY

Registration NumberFACT

P-IND-23-4189

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

Shree Vishal Construction

Estimated Land CostFACT

₹451.6 Lakh

Estimated Construction CostFACT

₹379.77 Lakh

Construction Cost / UnitDERIVED

₹1.94 Lakh

Across 196 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

196Total Units

SOLD UNITSFACT

86 (43.88%)

REMAINING UNITSFACT

110 (56.12%)

ABSORPTION RATEDERIVED

43.88%

Mahanka inventory observation: The statutory registry records 196 registered units, with 86 sold and 110 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential	Plot	47	23	24	48.94%
Residential-2	Plot	81	43	38	53.09%
Residential-3	Plot	23	4	19	17.39%
Residential-4	Plot	20	3	17	15%
EWS	Plot	12	8	4	66.67%
LIG	Plot	8	5	3	62.5%
Shop cum Residential	Plot	5	0	5	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2023-05-01

Proposed CompletionFACT

2026-05-24

Project AgeDERIVED

1215 days

Days OverdueDERIVED

96 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. 456/1, 456/2 & 461 at village Bhatkhedi, Tehsil Mhow, District Indore, M.P.

Matched LocalityMATCHED

Shubh City

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SHREE VISHAL CONSTRUCTION

Entity TypeFACT

Partnership Firm / LLP

SHREE VISHAL CONSTRUCTION3 Total Indexed Projects

COMPLETED0

ONGOING3

EXTENDED0

OVERDUE2

Portfolio Absorption: 45.24% across 336 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹15,900 / sqm

Multi-Story ResidentialMATCHED

₹22,500 / sqm

Commercial OfficeMATCHED

₹34,600 / sqm

Guideline rates are source-linked from MPIGR FY 2026–27 Statutory Gazette for Shubh City (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

138 categorized public files

OTHER(35)

APPROVAL(4)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(36)

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: 2026-08-15T20:40:34.630Z

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

🗺