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Detailed Report

SHANKARACHARYA DHAM

P-BPL-20-2664 · RERA Madhya Pradesh · https://gethorizon.in/projects/shankaracharya-dham-bhopal-huzur-95dkoymg

01

Complete project overview

RERA Madhya Pradesh · Registration filing
Project name
SHANKARACHARYA DHAM
Plots
159 plots
Unit mix
134 × Type A Plot · 12 × Type B Plot · 9 × Type C Plot · 4 × Type D Plot
Revised completion
30 Dec 2023extended after an approved RERA extension
Extensions
1 approved · Covid19completion-date extension(s) granted by RERA
Quarterly reports
25 on file · latest Jan 2020 - Mar 2020quarterly progress certificates filed with RERA

Timeline

Project startedApr 2020
RERA registeredJul 2020
Proposed completionSep 2023
TodaySep 2026

Find your plot

Filed by type and size, in the batches the builder registered — not a per-plot listing. Look yours up.

159 plots across 4 batches
TypeArea sq mCount
Type A Plot134
Type B Plot12
Type C Plot9
Type D Plot4

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. The declared inventory as registered — how many of each size exist, not how many are still unsold (this state's filing carries no booking count).

02

Builder’s track record

RERA Madhya Pradesh · Builder registration

RAKHI CONSTRUCTIONS

Proprietorship FirmPromoter type
2Projects
1City
2020–2023Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
224 plotson the public record across 2 projects
₹6.69 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 RAKHI CONSTRUCTIONS— the full portfolio →

03

Location & price analysis

RERA Madhya Pradesh · Registration filing
≈ area only · geocoded, verified but not exact · 23.3119, 77.3942 · © OpenStreetMap contributors
District
Bhopal
Tehsil
Huzur
Planning area
Bhopal
Address
Village Palasi, P.H. NO -21, TEH. HUZUR DIST BHOPAL (M.P.)
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 1.1km away
LifestyleNo parks within 2km · Gym or sports centre 1.0km away
ShoppingNo supermarket within 2km
Getting around
Expressway 2.8 km · Bhopal BypassPrimary road 1.0 km · Bhopal BypassRailway line 2.3 km · BPL - MKC Rail SectionRailway station 4.2km away (Nishatpura)Limited bus connectivity nearby
Water & environment
Water body 615 mRiver 4.6 km · Halali
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹4.17 Cr declared to build 159 plots. What that works out to:

₹2.62 Lakhdeclared cost per plotall-in — land + construction
4%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.

₹14,214per sq yd
₹17,000per sq m
Which rate
open plot, residential
Matched to
The middle rate of the 61 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

SHANTI PRAKASH EVM AAS PASS ANYA COLONY₹14,000 / sq m₹11,706 / sq yd380 m
RATAN COLONY EVM AAS PASS ANYA COLONY₹13,000 / sq m₹10,870 / sq yd950 m
BADWAI₹15,000 / sq m₹12,542 / sq yd1.0 km
ELEXIR GARDEN / GREENS COLONY₹17,000 / sq m₹14,214 / sq yd1.3 km
BRIJ COLONY₹12,000 / sq m₹10,034 / sq yd1.3 km

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

Bhopal

Town & Country Planning (DTCP)
Layout Permit

The promised possession date (30 Sep 2023) 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

Bhopal

Town & Country Planning area · Bhopal district

Has approved 726 RERA projectsabout 1 in 7 in Madhya Pradesh.

a mixed market63% apartments · 37% plotted layouts.

Builders
444
On record
45,421 flats · 32,913.65 plots
Reach
2 tehsils
Since
2017

More apartment-heavy than Madhya Pradesh overall — 63% apartments here vs 28% 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.

See every project approved by RERA Madhya Pradesh

07

Other projects nearby

The register · within 25 km

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

1 project within 1 km — showing the nearest 1.

BhopalPlotted Development

GREEN VILLE

SHINING REALTY

Nov 2024registered
Jun 2027target completion
Declared cost₹13.15 CrScale51 plotsAuthorityRERA 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.

Sources

Where each section of this report comes from.

  1. 01Complete project overview
    • The project's registration filing with RERA Madhya Pradesh, as the builder submitted it.
  2. 02Builder's track record
    • RERA Madhya Pradesh: the builder's registration.
    • The track record: every project filed under this builder, counted by Horizon across the state RERA registers it holds.
  3. 03Location & price analysis
    • Address, pincode and declared cost: the RERA Madhya Pradesh filing.
    • Coordinates: geocoded by Horizon from the filed address with Google Geocoding, matched to the general area only, not the exact site.
    • What's nearby and getting around: distances measured by Horizon on OpenStreetMap data, © OpenStreetMap contributors (ODbL). Not from the RERA filing.
    • Map: © OpenStreetMap contributors (ODbL).
  4. 04Government Guidance Rate
    • MP Department of Registration & Stamps.
  5. 05Planning authority
    • RERA Madhya Pradesh: the approved building plan, as filed.
    • The approving body's other projects: counted by Horizon across the register.
  6. 06Complaints & litigation
    • RERA Madhya Pradesh's public record lists no complaints or litigation for this project.
  7. 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/shankaracharya-dham-bhopal-huzur-95dkoymg.

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.