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SHRI VIDHYA VIHAR

P-IND-25-5554 · RERA Madhya Pradesh · https://gethorizon.in/projects/shri-vidhya-vihar-indore-sawer-53wmvssi

01

Complete project overview

RERA Madhya Pradesh · Registration filing
Plots
163 plots
Quarterly reports
6 on file · latest Oct 2024 - Dec 2024quarterly progress certificates filed with RERA

Timeline

Project startedDec 2024
RERA registeredMar 2025
Proposed completionNov 2027
TodaySep 2026
02

Builder’s track record

RERA Madhya Pradesh · Builder registration

FRIENDS DEVELOPERS

Partnership Firm / LLPPromoter type
4Projects
4Cities
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
114 homes · 163 plotson the public record across 4 projects
3,120 sq mbuilt-up filed
5,021 sq mland declared
₹31.60 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
Ahmedabad Municipal CorporationMunicipal / Corporation1 of 2 projects
IndoreTown & Country Planning (DTCP)this project1 of 2 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.

More from FRIENDS DEVELOPERS— the full portfolio →

03

Location & price analysis

RERA Madhya Pradesh · Registration filing
District
Indore
Tehsil
Sawer
Planning area
Indore
Address
Survey no. 5/3/1, 5/3/2, 68/1/3, 69/1/1, 69/1/2, 71/2/2, 72/1, 72/2/1 and 5/2 at Village Badodiya Ema, Tehsil Sanwer & District Indore M.P.
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

₹18.10 Cr declared to build 163 plots. What that works out to:

₹11.11 Lakhdeclared cost per plotall-in — land + construction
43%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.

₹8,361per sq yd
₹10,000per sq m
Which rate
open plot, 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₹5,000 / sq m₹4,181 / sq yd60 m
TEJAJI CHOUK/BHISTI MOHLLA₹10,000 / sq m₹8,361 / sq yd120 m
INDORE ROAD/TAAR GALI, SHANKAR MANDIR₹15,000 / sq m₹12,542 / sq yd130 m
MANIK CHOWK, DHOBI MOHALLA₹5,000 / sq m₹4,181 / sq yd170 m
INDORE (ROAD SE ANDAR)/DAYANAND MARG/GAVLI MOHALLA/KAYASTH COLONY₹10,000 / sq m₹8,361 / sq yd210 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)
Layout Permitapproved 30 Mar 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. 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

07

Other projects nearby

The register · within 25 km

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

55 projects within 1 km — showing the nearest 6.

IndorePlotted Development

PALM CORRIDOR PHASE -2

L A INFRACON LLP

Aug 2023registered
Apr 2026target completion
Declared cost₹7.34 CrScale263 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SHIVA GREEN TOWN

WARSI REAL ESTATE

Sep 2023registered
Apr 2026target completion
Declared cost₹2.64 CrScale37 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SHRINATH SMART CITY

ASHISH BIRTHARE

Nov 2023registered
Jul 2026target completion
Declared cost₹5.08 CrScale324 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SOL RETREAT

SHREE NATH SJ DEVELOPERS

Aug 2024registered
Aug 2026target completion
Declared cost₹7.24 CrScale75 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

HIGHWAY AURA

GRACELAND HABITATS SERENE PRIVATE LIMITED

Jan 2025registered
Sep 2027target completion
Declared cost₹7.50 CrScale34 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

LAABHAM RAJADHIRAJ CITY

LAABHAM INFRA

Feb 2025registered
Dec 2027target completion
Declared cost₹13.47 CrScale57 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.