Is SKY NAKSHATRA CITY in Indore registered with MP RERA?

Yes, SKY NAKSHATRA CITY is an official MP RERA registered project (Registration No: P-IND-24-4562). The project is promoted by MANGALAM BUILDERS and is currently marked as ONGOING.

Who is the developer of SKY NAKSHATRA CITY?

SKY NAKSHATRA CITY is developed by MANGALAM BUILDERS, an active real estate promoter in Indore, Madhya Pradesh.

SKY NAKSHATRA CITY | MP RERA Project Intelligence & Guideline Benchmark

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

Data Provenance

Registration No

P-IND-24-4562FACT

Project Name

SKY NAKSHATRA CITYFACT

Status

ONGOINGFACT

Promoter

MANGALAM BUILDERSFACT

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

SKY NAKSHATRA CITY

Registration NumberFACT

P-IND-24-4562

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

M/s Nimadia Developers & Manthan Moree

Estimated Land CostFACT

₹2,032.84 Lakh

Estimated Construction CostFACT

₹520.13 Lakh

Construction Cost / UnitDERIVED

₹2.59 Lakh

Across 201 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

201Total Units

SOLD UNITSFACT

77 (38.31%)

REMAINING UNITSFACT

124 (61.69%)

ABSORPTION RATEDERIVED

38.31%

Mahanka inventory observation: The statutory registry records 201 registered units, with 77 sold and 124 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
RESIDENTAIL	Plot	191	77	114	40.31%
SHOP SUM RESIDENTAIL	Plot	10	0	10	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

ON SCHEDULE

Proposed StartFACT

2023-06-01

Proposed CompletionFACT

2027-05-31

Project AgeDERIVED

1184 days

Days to CompletionDERIVED

276 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. 235/1/1,236/1/1/1,194/2/2,194/1/2,193/1/2/2/2,183/2/1/1,235/1/2,195/2/1,193/1/2/1/2,193/1/1,191/2,189/2,189/1,190,187,185/1/1,184/2,184/1,183/2/1/2,193/1/2/3/2,183/1/2/2,194/2/1,194/1/1,193/1/2/3/1,193/1/2/2/1,193/1/2/1/1,192/1/2,192/1/1,191/1,186/2/2/2,186/2/1/2,186/1/3/2,186/1/2,183/1/2/1 tehsil malharganj village bangarda bada

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

MANGALAM BUILDERS

Entity TypeFACT

Partnership Firm / LLP

MANGALAM BUILDERS6 Total Indexed Projects

COMPLETED0

ONGOING6

EXTENDED0

OVERDUE0

Portfolio Absorption: 38.31% across 201 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 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

119 categorized public files

REGISTRATION(2)

APPROVAL(4)

OTHER(54)

FINANCIAL(2)

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(16)

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: 2026-08-15T20:41:35.450Z

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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