HORIZONMarkets
01

Complete project overview

RERA Madhya Pradesh · Registration filing
Units
46 flats
Quarterly reports
3 on file · latest Apr 2025 - Jun 2025quarterly progress certificates filed with RERA

Timeline

Project startedJan 2024
RERA registeredAug 2025
Proposed completionAug 2026
TodayJul 2026
02

Builder’s track record

RERA Madhya Pradesh · Promoter registration

MAA NARMADE ESTATE DEVELOPERS

Partnership Firm / LLPPromoter type
1Projects
1City
2025–presentActive
Timelineevery project, start → promised completion

The only project Horizon has read from this promoter 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

RERA Madhya Pradesh · Registration filing
District
Khandwa
Tehsil
Punasa
Planning area
Khandwa
Address
Land Khasra no. 551/1 (after Batankan 551/1/1 & 551/1/2), 551/2, 552 (after Batankan 552/1 & 552/2), 11, 10/1, 10/2 and 9 admeasuring Total Land Area 6.100 Hectares, out of which 5.140 Hectares area taken for planning (5.118 hect Net Planning Area), Village Morghadi, Tehsil Punasa and District Khandawa MP
Price analysisdeclared build cost — not a sale price

₹21.68 Cr declared to build 46 flats. What that works out to:

₹47.13 Lakhdeclared cost per flatall-in — land + construction
3%of the cost is land

This is what the promoter 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

Planning authority

RERA Madhya Pradesh · Approved building plan

Khandwa

Town & Country Planning (DTCP)
Building Permitapproved 20 Aug 2025 · 11 mo ago
The occupancy certificate — the proof that isn’t here

A sanctioned 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 sanctioned plan carries penalty or demolition risk.

The approving body, at scale

Khandwa

Town & Country Planning area · Khandwa district

Has approved 97 RERA projects1.8% of Madhya Pradesh.

a plotted-layout market7% apartments · 93% plotted layouts. Apartments like yours are the smaller share here — this body mostly approves plotted layouts.

Builders
83
On record
784 flats · 10,970 plots
Reach
5 tehsils
Since
2017

More layout-heavy than Madhya Pradesh overall — 93% 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.

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.