The only project Horizon has read from this builder so far. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.
Builder's track record — done
03
Location & price analysis
RERA Madhya Pradesh · Registration filing
District
Indore
Tehsil
Juni Indore
Planning area
Indore
Address
47/3/1/2 & 47/2/2, NIPANIYA, INDORE (M.P.)
What’s nearby
Schools3 schools within 500m · 8 educational institutions within 1km
HealthcareHospital 82m away · 109 clinics within 1km · Pharmacy within 500m
LifestylePark 1.6km away · Gym or sports centre 771m away · 39+ restaurants and cafes within 1km
ShoppingSupermarket 1.5km away · Mall 1.2km away · Convenience store within 1km
Getting around
Expressway 3.9 kmPrimary road 1.5 km · Ring RoadRailway line 2.2 kmRailway station 2.3km away (Indore Junction)7 bus stops within 500m
Water & environment
Water body 1.7 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price
₹93.84 Cr declared to build 56 flats. What that works out to:
₹1.68 Crdeclared cost per flatall-in — land + construction
14%of the cost is land
This is what the builder filed it costs to build — land plus construction, at registration — not a sale price. The gap to an asking price is their margin, taxes and anything the filing doesn’t carry.
Location & price analysis — done
04
Government Guidance Rate
MP Department of Registration & Stamps
In Madhya Pradesh it’s called the collector guideline rate.
₹23,412per sq yd
₹28,000per sq m
Which rate
multi-storey residential
Matched to
The rate published for “SILVER ENCLAVE PALASIYA KE PAS”, 10 m from this project.
In force
2026-2027 schedule · effective Apr 2026
Colonies around this project
BADWANI PLAJA OLD PALASIA
₹40,000 / sq m
₹33,445 / sq yd
60 m
OLD PALASIYA ANDAR
₹45,500 / sq m
₹38,044 / sq yd
170 m
DEVI INDIRA NAGAR
₹20,800 / sq m
₹17,391 / sq yd
220 m
RAV RAJA PARK
₹30,800 / sq m
₹25,753 / sq yd
230 m
PALASIYA THANE SE ANAND BAZAR TAK
₹46,500 / sq m
₹38,880 / sq yd
250 m
The same schedule, published for the places around this one — so the figure above reads in its neighbourhood, not alone.
What this number is — and isn’t
The minimum value Madhya Pradesh’s registration department will register a sale at. Stamp duty is usually charged on this or the price in the sale deed, whichever is higher.
Not a market price. Sales normally register above it, and how far above varies by place and by project.
Its fit depends on the grain the state publishes at. This one is matched at the level of colony, and says so above. How Horizon decides what to show.
Government Guidance Rate — done
05
Planning authority
RERA Madhya Pradesh · Approved building plan
Indore
Town & Country Planning (DTCP)
Building Permitapproved 19 Jun 2024 · 2 yrs ago
The promised possession date (14 Jan 2025) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.
The occupancy certificate — the proof that isn’t here
An approved plan is the government’s approval to build. It is not proof the project was built to that plan. That sign-off is the Occupancy Certificate (OC) — issued by the planning authority, the same body that approved the plan, not by RERA— and it isn’t in this record. Ask the builder for it, or check with the authority. Without an OC, banks may decline home loans, and any deviation from the approved plan carries penalty or demolition risk.
The approving body, at scale
Indore
Town & Country Planning area · Indore district
Has approved 1,123 RERA projects — about 1 in 5 in Madhya Pradesh, more than any other body in the state.
a plotted-layout market — 34% apartments · 66% plotted layouts. Apartments like yours are the smaller share here — this body mostly approves plotted layouts.
Builders
776
On record
37,289 flats · 95,164 plots
Reach
10 tehsils
Since
2017
Volume and mix are context, not a verdict — a busier body isn’t a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.
Not published. RERA Madhya Pradesh doesn’t publish a complaints register in the record Horizon reads.
So there is nothing to count here — which is not the same as nothing having been filed.
What the builder declared
Declared to RERA Madhya Pradesh
Litigation
None declared in this filing
Only what the builder declared, or what RERA Madhya Pradesh records itself, can appear here — a case filed elsewhere and never declared would not.
Not a verdict. A complaint can be dismissed and a case can be won; an order can be appealed.
Not a clean bill. An empty record means nothing was filed with RERA Madhya Pradesh, or that this register doesn’t publish it — never that nothing happened.
Complaints & litigation — done
07
Other projects nearby
The register · within 25 km
16 commercial projects still under way within 25 km. Step out ring by ring:
Of the 652 projects the radar draws within 6 km — every kind, every stage — 12 are commercial projects still under way. This list keeps only those, and looks further out.
1 project within 1 km — showing the nearest 1.
710 m awayCommercial
MOHTA SHOPPING ARCADE (2ND TO 8TH FLOOR)
RACE REAL ESTATE BUILDERS AND DEVELOPERS LLP · Indore · Juni Indore