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MADHUVAN VATIKA PHASE-I

RAJ/P/2017/517 · RAJ-RERA · https://gethorizon.in/projects/madhuvan-vatika-phase-i-bikaner-h96zy433

01

Complete project overview

RAJ-RERA · Registration filing
Project name
MADHUVAN VATIKA PHASE-I
Land area
10,300 sq m

Timeline

Construction startNov 2017
RERA registeredDec 2017
Proposed completionMay 2019
TodaySep 2026
02

Builder’s track record

RAJ-RERA · Builder registration

KRISHAN CHANDRA MODI

IndividualPromoter type
Bikaner, RajasthanBased in
1Projects
1City
2017–2019Active
Timelineevery project, start → promised completion

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.

03

Location & price analysis

RAJ-RERA · Registration filing
Address
KH. NO. 587/1, IN FRONT OF VINAYAK NAGAR, KISMIDESAR, Bikaner, Bikaner, 334001
Village
KISMIDESAR
Taluka
Bikaner
District
Bikaner
Pincode
334001
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 1.8km away · 1 clinic within 1km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km · Convenience store within 500m
Getting around
Expressway 2.8 km · Bikaner BypassPrimary road 183 mRailway line 3.2 kmRailway station 4.6km away (Bikaner Junction)Limited bus connectivity nearby
Water & environment
Water body 1.2 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹1.45 Cr declared. What that works out to:

₹131/sq ftof plotted area₹1,408/sq m
38%of the cost is land₹50/sq ft of 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.

04

Government Guidance Rate

Rajasthan IGRS — DLC rates

In Rajasthan it’s called the DLC rate.

₹2,090per sq yd
₹2,500per sq m
Which rate
residential, interior plot
Matched to
The rate published for “KISMIDESAR-KISMIDESAR”.
Highest rate
₹4,013 per sq yd — the top road-facing rate among the residential rates published for this colony

By the road it faces

interior plot₹2,500 / sq m₹2,090 / sq yd
road-facing₹4,000 / sq m₹3,345 / sq yd
41–60 ft road₹4,400 / sq m₹3,679 / sq yd
61–99 ft road₹4,600 / sq m₹3,846 / sq yd
100 ft+ road₹4,800 / sq m₹4,013 / sq yd

The same land, priced by the width of the road it faces — each band the middle of the residential rates published for this colony.

This filing declares ₹1,408 per sq m of plotted area — 0.56× the government figure. Declared cost is land and construction; the government guidance rate is what the state will not register a sale below. Neither is a sale price.

What this number is — and isn’t

  • The minimum value Rajasthan’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.
05

Planning authority

RAJ-RERA · Approved building plan

Urban Improvement Trust

Urban Improvement Trust
Layout Permitapproved 12 Dec 2017 · 8 yrs ago

The promised possession date (19 May 2019) 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

Urban Improvement Trust

A city-level Urban Improvement Trust — Rajasthan's town-development body in cities without a development authority. It has approved 612 RERA projects across 20 districts about 1 in 4 in Rajasthan.

Volume is context, not a verdict — a busier authority is not a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

See every project approved by RAJ-RERA

07

Other projects nearby

The register · within 25 km

16 plotted projects still under way within 25 km. Step out ring by ring:

2 projects within 1 km — showing the nearest 2.

BikanerPlotted Development

City Greens

VERAT TECHNOPLAST PRIVATE LIMITED

Aug 2024registered
Oct 2026target completion
Declared cost₹8.75 CrScale178 plotsAuthorityRAJ-RERA
BikanerPlotted Development

MAHAVEER VATIKA

SUKHDEV CHAYAL

Dec 2025registered
Jan 2027target completion
Declared cost₹3.68 CrScale23 plotsAuthorityRAJ-RERA

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. This project’s coordinate is approximate, so distances are rough.

What this record cannot tell you

  • Build quality — no filing records how well it was actually built.
  • Private disputes — only complaints escalated to the authority appear here.
  • What it will be worth — the record is the past; it does not price the future.
  • Construction progress — RAJ-RERA does not publish quarterly progress reports. How far along it actually is cannot be read here.
  • Complaints — RAJ-RERA does not publish a complaints register. This read cannot speak to them either way.