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NEWWYORK CITY PHASE - 4

P-IND-25-5864 · RERA Madhya Pradesh · https://gethorizon.in/projects/newwyork-city-phase-4-juni-indore-nb3adsw2

01

Complete project overview

RERA Madhya Pradesh · Registration filing
Units
3 flats
Quarterly reports
5 on file · latest Jan 2025 - Mar 2025quarterly progress certificates filed with RERA

Timeline

Project startedFeb 2025
RERA registeredAug 2025
Proposed completionDec 2027
TodaySep 2026
02

Builder’s track record

RERA Madhya Pradesh · Builder registration

HIGHWAY INFRASTRUCTURE LIMITED

CompanyPromoter type
2Projects
1City
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
99 homeson the public record across 2 projects
₹31.84 Crdeclared build cost

Build cost is what the builder declared it costs to build — land plus construction, at registration. It gives a sense of how big a builder this is — not a price you pay, not build quality, and not whether they finish on time.

Every project Horizon has read from this builder, oldest first on the timeline. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.

More from HIGHWAY INFRASTRUCTURE LIMITED— the full portfolio →

03

Location & price analysis

RERA Madhya Pradesh · Registration filing
District
Indore
Tehsil
Juni Indore
Planning area
Indore
Address
Village Nihalpur Mundi, Bye-pass Road, Indore, M.P.
What’s nearby
SchoolsNearest school 1.8km away
HealthcareNearest hospital 2.8km away · Clinic within 2km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 1.4 km · AH47Primary road 4.3 kmRailway line 2.4 km · Mhow IndoreRailway station 2.6km away (Rajendra Nagar)Limited bus connectivity nearby
Water & environment
Water body 1.9 km · Foota TalabRiver 1.9 km · Saraswati
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹26.59 Cr declared to build 3 flats. What that works out to:

₹8.86 Crdeclared cost per flatall-in — land + construction
0%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.

04

Government Guidance Rate

MP Department of Registration & Stamps

In Madhya Pradesh it’s called the collector guideline rate.

₹20,903per sq yd
₹25,000per sq m
Which rate
multi-storey residential
Matched to
The middle rate of the 110 colonies within 3 km of this project — its neighbourhood, not a single colony.
In force
2026-2027 schedule · effective Apr 2026

Colonies around this project

NIHALPUR MUNDI₹18,000 / sq m₹15,050 / sq yd120 m
SAHAJ GOLD (NIHALPUR MUNDI)₹18,000 / sq m₹15,050 / sq yd380 m
TRICONE TOWN/ TRICONE TOWN PHASE II (NIHALPUR MUNDI)₹23,000 / sq m₹19,231 / sq yd430 m
NIHALPURMUNDI MARG₹16,000 / sq m₹13,378 / sq yd510 m
S. S. CITY (NIHALPUR MUNDI)₹17,500 / sq m₹14,632 / sq yd520 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 locality, and says so above. How Horizon decides what to show.
05

Planning authority

RERA Madhya Pradesh · Approved building plan

Indore

Town & Country Planning (DTCP)
Building Permitapproved 13 Aug 2025 · 1 yr ago
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 projectsabout 1 in 5 in Madhya Pradesh, more than any other body in the state.

a plotted-layout market34% 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.

See every project approved by RERA Madhya Pradesh

07

Other projects nearby

The register · within 25 km

109 residential projects still under way within 25 km. Step out ring by ring:

8 projects within 1 km — showing the nearest 6.

IndoreApartment

SHRINATH RESIDENCY-I

VINOD PAL

May 2024registered
Sep 2026target completion
Declared cost₹3.15 CrScale8 flatsAuthorityRERA Madhya Pradesh
IndoreApartment

SHRINATH RESIDENCY II

MR. ARPIT JAIN

Sep 2024registered
Apr 2027target completion
Declared cost₹2.02 CrScale6 flatsAuthorityRERA Madhya Pradesh
IndoreApartment

KANHA PARADISE

KESHARI DEVELOPERS

Jun 2025registered
Jan 2028target completion
Declared cost₹5.49 CrScale6 flatsAuthorityRERA Madhya Pradesh
IndoreApartment

SARAYU GREENS

MAN BUILDERS

Jul 2025registered
Feb 2028target completion
Declared cost₹9.17 CrScale28 flatsAuthorityRERA Madhya Pradesh
IndoreApartment

SHYAM KUNJ

MS. RADHAKRISHNA ENTERPRISES

Aug 2025registered
Feb 2028target completion
Declared cost₹3.71 CrScale1 flatsAuthorityRERA Madhya Pradesh
IndoreApartment

SKG NEW ERA

MRS. SHASHI SHARMA

Jan 2026registered
Aug 2028target completion
Declared cost₹10.86 CrScale20 flatsAuthorityRERA Madhya Pradesh

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.
  • Complaints — RERA Madhya Pradesh does not publish a complaints register. This read cannot speak to them either way.