Is SUN RISE MEGACITY PHASE II in Sagar registered with MP RERA?

Yes, SUN RISE MEGACITY PHASE II is an official MP RERA registered project (Registration No: P-SGR-17-335). The project is promoted by PRAKASH CHOUBEY and is currently marked as COMPLETED.

Who is the developer of SUN RISE MEGACITY PHASE II?

SUN RISE MEGACITY PHASE II is developed by PRAKASH CHOUBEY, an active real estate promoter in Sagar, Madhya Pradesh.

SUN RISE MEGACITY PHASE II | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SUN RISE MEGACITY PHASE II?

Data Provenance

Registration No

P-SGR-17-335FACT

Project Name

SUN RISE MEGACITY PHASE IIFACT

Status

COMPLETEDFACT

Promoter

PRAKASH CHOUBEYFACT

Locality Link

UNMATCHEDNOT ASSESSED

Coordinates

Not available from sourceNOT ASSESSED

Last verified: 17 Aug 2026 · Source ↗

1. Project IdentityFACT

Official statutory registration record

Project NameFACT

SUN RISE MEGACITY PHASE II

Registration NumberFACT

P-SGR-17-335

Project StatusFACT

COMPLETED

Project Type (Portal)FACT

Ongoing

First Seen in IndexDERIVED

17/8/2026

Last CrawledDERIVED

17/8/2026

2. Regulatory Economics & EscrowFACT

Project budget, land ownership, and escrow details

Planning AreaFACT

Sagar

Land OwnershipFACT

Prakash Choubey

Estimated Land CostFACT

₹304.7 Lakh

Estimated Construction CostFACT

₹488.08 Lakh

Construction Cost / UnitDERIVED

₹2.98 Lakh

Across 164 registered units

Postal PincodeFACT

470002

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

164Total Units

SOLD UNITSFACT

68 (—)

REMAINING UNITSFACT

96 (—)

ABSORPTION RATEDERIVED

—

Mahanka inventory observation: The statutory registry records 164 registered units, with 68 sold and 96 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
mixed plot	Plot	164	68	96	41.46%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

TIMELINE NOT ASSESSED

Proposed StartFACT

2015-10-03

Proposed CompletionFACT

2018-10-03

Project AgeDERIVED

3982 days

Days to CompletionDERIVED

—

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Sagar

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Near Royal Palace Hotel In front of Kishore Nayalay Bhagraj Ward Sagar M.P. 470002

Matched LocalityMATCHED

UNMATCHED

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

PRAKASH CHOUBEY

Entity TypeFACT

Individual

Promoter portfolio rollups not yet indexed for this single entity.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Guideline rates are displayed only when a project is linked to an official revenue locality with an EXACT or STRONG match tier. This project currently holds an unverified locality link.

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

32 categorized public files

REGISTRATION(1)

📄 Affidavit Cum Declaration

APPROVAL(4)

OTHER(13)

ALLOTMENT(1)

📄 Draft Agreement

BUILDING_PLAN(1)

📄 Sanction Building Plan

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

FINANCIAL(1)

📄 Engineer's Certificate

PHOTOGRAPH(10)

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

NEW_PROJECT17/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

—%Completeness Index

Formula Version: 1.0.0

Audit Timestamp: —

Locality is UNMATCHED: no verified spatial or text match in official gazette.
Guideline rate benchmark is withheld because locality match is not EXACT or STRONG.
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 SUN RISE MEGACITY PHASE II.

View all Sagar projects →

ONGOING

📍 2.5 km

SUNRISE MEGA CITY PHASE - 4

Promoter: PRAKASH CHOUBEY

Expected: 2026-08-23Inspect →

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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 Sagar.

← Back to Sagar RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for SUN RISE MEGACITY PHASE II

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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