Is SHANKARA NIKETAN registered under RERA?

Yes. SHANKARA NIKETAN by P M DEVELOPERS is on the public record with RERA Madhya Pradesh under RERA registration number P-IND-24-4887.

When is SHANKARA NIKETAN due for possession?

The promised completion date on file with RERA Madhya Pradesh is March 2027. This is the date the promoter filed, not a prediction of delivery.

Who is the builder of SHANKARA NIKETAN?

SHANKARA NIKETAN is filed by P M DEVELOPERS (Partnership Firm / LLP), per its RERA Madhya Pradesh registration.

Which authority approved SHANKARA NIKETAN?

The layout permit for SHANKARA NIKETAN was approved by Indore. This is the sanction of the plan, not confirmation the project was built to it.

What is the declared cost of SHANKARA NIKETAN?

The declared project cost on record (land plus construction) is ₹8.04 crore. This is the cost the promoter declared to RERA Madhya Pradesh, not a sale or per-unit price.

Where is SHANKARA NIKETAN located?

SHANKARA NIKETAN is located in Indore, Juni Indore, Madhya Pradesh, as filed with RERA Madhya Pradesh.

SHANKARA NIKETAN RERA, Juni Indore, Madhya Pradesh

Name: SHANKARA NIKETAN — public record
Creator: RERA Madhya Pradesh

SHANKARA NIKETAN

P-IND-24-4887 · RERA Madhya Pradesh · https://gethorizon.in/projects/shankara-niketan-juni-indore-oy4ksoqr

Complete project overview

RERA Madhya Pradesh · Registration filing

Plots: 50 plots
Quarterly reports: 8 on file · latest Jan 2024 - Mar 2024quarterly progress certificates filed with RERA

Timeline

Project startedDec 2023

RERA registeredJul 2024

Proposed completionMar 2027

TodaySep 2026

Builder’s track record

RERA Madhya Pradesh · Builder registration

P M DEVELOPERS

Partnership Firm / LLPPromoter type

7Projects

5Cities

2017–presentActive

Timelineevery project, start → promised completion

PLENUM PARK PART 2CHIRAG ELITECHEMBUR DEEP JYOTI CHS LTDSHANKARA NIKETANCHIRAG ELITE WING BChembur White House CHS LtdSHANKARA NIKETAN EXTENSION

SHANKARA NIKETAN

this project

Plotted Development

Dec 2023started

Mar 2027target completion

50 plots₹8.04 Cr

Builder DNAthe whole portfolio, summed

351 homes · 139 plotson the public record across 7 projects

21,012 sq mbuilt-up filed

11,718 sq mland declared

₹51.88 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.

Planning authoritiesthis builder's portfolio, by approving body

IndoreTown & Country Planning (DTCP)this project2 of 5 projects

Maharashtra Housing and Area Development Authority (MHADA)Housing Authority2 of 5 projects

Baramati Municipal CouncilMunicipal Council1 of 5 projects

Counts are how many of this builder’s projects on Horizon’s record were approved by each body — a footprint, not a ranking of the authorities.

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.

Location & price analysis

RERA Madhya Pradesh · Registration filing

District: Indore
Tehsil: Juni Indore
Planning area: Indore
Address: Survey no. 13/1/2,14/1/1/1/2,15/1 Gram Baroli,Tehsil Malharganj,Dist. Indore

What’s nearby

SchoolsNo schools within 2km · College or university 688m away

HealthcareHospital 1.6km away

LifestyleNo parks within 2km

ShoppingNo supermarket within 2km

Getting around

Primary road 606 m · Ujjain RoadRailway line 5.0 km · DWX - INDB Rail SectionNo metro or railway within 5kmLimited bus connectivity nearby

Water & environment

Water body 2.4 kmRiver 3.7 km · Kanh River

distances only — not a flood assessment

Price analysisdeclared build cost — not a sale price

₹8.04 Cr declared to build 50 plots. What that works out to:

₹16.09 Lakhdeclared cost per plotall-in — land + construction

62%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.

Government Guidance Rate

MP Department of Registration & Stamps

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

₹10,870per sq yd

₹13,000per sq m

Which rate: open plot, residential
Matched to: The middle rate of the 119 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

BAROLI	₹10,000 / sq m	₹8,361 / sq yd	570 m
DIVYA ROCK ISLAND (PANCHDERIYA)	₹15,000 / sq m	₹12,542 / sq yd	610 m
SHANKARA NIKETAN (BAROLI)	₹20,000 / sq m	₹16,723 / sq yd	710 m
PRATHAM PARK (MAGARKHEDA)	₹12,000 / sq m	₹10,034 / sq yd	890 m
GULMOHAR GARDEN (PANCHDERIYA)	₹10,000 / sq m	₹8,361 / sq yd	910 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.

Planning authority

RERA Madhya Pradesh · Approved building plan

Indore

Town & Country Planning (DTCP)

Layout Permitapproved 2 Jul 2024 · 2 yrs 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 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. Your plotted layout is this body's core business.

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→

Complaints & litigation

RERA Madhya Pradesh · public record

Complaints register

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.

Other projects nearby

The register · within 25 km

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

1 project within 1 km — showing the nearest 1.

IndorePlotted Development

SHANKARA NIKETAN EXTENSION

P M DEVELOPERS

Aug 2025registered

Apr 2028target completion

Declared cost₹43.83 CrScale89 plotsAuthorityRERA Madhya Pradesh

Open the read Compare

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.