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.
Land Khasra no. 19/2/2/3, 19/2/2/1 and 19/3/2/2 Total Land Area 2.564 Hectares, at Village Mundalabagh, Tehsil Sanwer and District Indore MP (63 Houses applied in this Phase)
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 276m away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Primary road 1.3 kmNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
River 492 m · Kanh RiverWater body 1.9 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price
₹14.20 Cr declared to build 4 flats. What that works out to:
₹3.55 Crdeclared cost per flatall-in — land + construction
12%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.
₹13,378per sq yd
₹16,000per sq m
Which rate
multi-storey residential
Matched to
The middle rate of the 66 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
KALAL GHAT ROAD/PHOOTI BAVDI, NAAI MOHALLA
₹15,000 / sq m
₹12,542 / sq yd
60 m
TEJAJI CHOUK/BHISTI MOHLLA
₹15,000 / sq m
₹12,542 / sq yd
120 m
INDORE ROAD/TAAR GALI, SHANKAR MANDIR
₹17,000 / sq m
₹14,214 / sq yd
130 m
MANIK CHOWK, DHOBI MOHALLA
₹15,000 / sq m
₹12,542 / sq yd
170 m
INDORE (ROAD SE ANDAR)/DAYANAND MARG/GAVLI MOHALLA/KAYASTH COLONY
₹15,000 / sq m
₹12,542 / sq yd
210 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.
Government Guidance Rate — done
05
Planning authority
RERA Madhya Pradesh · Approved building plan
Sanwer
Town & Country Planning (DTCP)
Building Permit
The promised possession date (24 Dec 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
Sanwer
Town & Country Planning area · Indore district
Has approved 164 RERA projects — 3.1% of Madhya Pradesh.
a plotted-layout market — 18% apartments · 82% plotted layouts. Apartments like yours are the smaller share here — this body mostly approves plotted layouts.
Builders
118
On record
1,450 flats · 21,438 plots
Reach
2 tehsils
Since
2017
More layout-heavy than Madhya Pradesh overall — 82% plots here vs 72% statewide.
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
45 residential projects still under way within 25 km. Step out ring by ring:
RERA Madhya Pradesh: the approved building plan, as filed.
The approving body's other projects: counted by Horizon across the register.
06Complaints & litigation
RERA Madhya Pradesh's public record lists no complaints or litigation for this project.
07Other projects nearby
The RERA-registered projects Horizon holds within 25 km of these coordinates.
Compiled by Horizon from public records. Each fact is reproduced as its source publishes it, and Horizon does not verify filings on the ground. The live record: gethorizon.in/projects/serenity-by-pumarth-iii-sanwer-sawer-l4notbrl.
Horizon does not rate, review, score or signal, and it gives no verdict, opinion or forecast. Its only aim is to seek the truth through data: what the public record says, where each fact comes from, and where the record is silent. Nothing in this document is legal, financial or investment advice; what to make of it is yours to decide.