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Detailed Report

SHRIMATE VATIKA

P-IND-25-6070 · RERA Madhya Pradesh · https://gethorizon.in/projects/shrimate-vatika-indore-malharganj-5i1lrtbb

01

Complete project overview

RERA Madhya Pradesh · Registration filing
Plots
55 plots
Quarterly reports
3 on file · latest Jul 2025 - Sep 2025quarterly progress certificates filed with RERA

Timeline

Project startedDec 2024
RERA registeredDec 2025
Proposed completionDec 2028
TodaySep 2026
02

Builder’s track record

RERA Madhya Pradesh · Builder registration

HI-LINK CITY HOMES PRIVATE LIMITED

CompanyPromoter type
6Projects
1City
2025–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
331 plotson the public record across 6 projects
₹179.89 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 HI-LINK CITY HOMES PRIVATE LIMITED— the full portfolio →

03

Location & price analysis

RERA Madhya Pradesh · Registration filing
≈ area only · geocoded, verified but not exact · 22.7587, 75.7950 · © OpenStreetMap contributors
District
Indore
Tehsil
Malharganj
Planning area
Indore
Address
Survey no. 250/3/1/1, 250/3/1/2, 250/3/2, 251/1, 251/2/1, 251/2/2, 252/1 & 252/2 at village Bangarda Bada, Tehsil Malharganj & District Indore M.P.
What’s nearby
SchoolsNearest school 1.6km away
HealthcareNearest hospital 2.0km away · Clinic within 2km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Primary road 1.1 km · Super CorridorRailway line 4.5 kmMetro station 1.1km away (Super Corridor 5)Limited bus connectivity nearby
Water & environment
Water body 1.2 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹45.08 Cr declared to build 55 plots. What that works out to:

₹81.97 Lakhdeclared cost per plotall-in — land + construction
90%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.

₹12,542per sq yd
₹15,000per 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

BADA BANGARDA₹10,000 / sq m₹8,361 / sq yd290 m
MAHIMA SMART CITY NX₹24,000 / sq m₹20,067 / sq yd400 m
NEW FRIEND COLONY/SEFFRON LEAP (BADA BANGARDA)/SHRI BALAJI GREENS/PEARL LEAF₹17,000 / sq m₹14,214 / sq yd550 m
MAHIMA SMART CITY₹24,000 / sq m₹20,067 / sq yd560 m
AMM GREENS COLONEY (BADA BANGARDA)₹20,000 / sq m₹16,723 / sq yd580 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 2 Dec 2025 · 9 mo 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

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

12 projects within 1 km — showing the nearest 6.

IndorePlotted Development

KANCHAN LEELA HOMES

AMRIT BEN SHAH

Feb 2024registered
Aug 2026target completion
Declared cost₹10.55 CrScale214 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

LANDMARK AEROCITY

JMG INFRAPROJECTS

Oct 2024registered
Jun 2028target completion
Declared cost₹19.61 CrScale81 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SHREEJI I.T PARK

ADITYA REALITIES

Oct 2024registered
Jul 2027target completion
Declared cost₹8.07 CrScale42 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SKY ORANGE CITY

NAGESHWAR INFRABUILD LLP

Nov 2024registered
Jul 2027target completion
Declared cost₹6.04 CrScale63 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SKY PREMIUM CITY

SHATRUNJAY BROTHERS

Dec 2024registered
Jul 2026target completion
Declared cost₹5.16 CrScale93 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

GODHA ESTATE GOLD

SAPNA GODHA

Dec 2024registered
Jun 2027target completion
Declared cost₹18.14 CrScale59 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/shrimate-vatika-indore-malharganj-5i1lrtbb.

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.