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SHUBHALAY ESHAN

P-BPL-17-252 · RERA Madhya Pradesh · https://gethorizon.in/projects/shubhalay-eshan-bhopal-huzur-7c2bm9va

01

Complete project overview

RERA Madhya Pradesh · Registration filing
Project name
SHUBHALAY ESHAN
Units
33 flats
Unit mix
33 × A
Quarterly reports
31 on file · latest Oct 2017 - Dec 2017quarterly progress certificates filed with RERA

Timeline

Project startedJan 2009
RERA registeredSep 2017
Proposed completionDec 2019
TodaySep 2026

Find your unit

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

33 units across 1 batch
TypeArea sq mCount
A33

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 type 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

M/S R. S. BUILDERS

Partnership Firm / LLPPromoter type
1Projects
1City
2017–2019Active
Timelineevery project, start → promised completion

The only project Horizon has read from this builder 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
Bhopal
Tehsil
Huzur
Planning area
Bhopal
Address
Kh. No. 514/403 G, Near Pragati Nagar, Main Road, Barkheda Pathani, BHEL Area, Bhopal
What’s nearby
SchoolsNearest school 1.2km away · College or university 672m away
HealthcareHospital 400m away · 1 clinic within 1km · Pharmacy within 500m
LifestylePark 1.2km away · Gym or sports centre 988m away
ShoppingNo supermarket within 2km · Mall 1.6km away · Bank 585m away
Getting around
Primary road 626 mRailway line 1.5 kmMetro station 1.3km away (Subhash Nagar)Bus stop within 1km
Price analysisdeclared build cost — not a sale price

₹16.63 Cr declared to build 33 flats. What that works out to:

₹50.38 Lakhdeclared cost per flatall-in — land + construction
3%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.

₹21,739per sq yd
₹26,000per sq m
Which rate
multi-storey residential
Matched to
The middle rate of the 242 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

SETHI NAGAR₹13,600 / sq m₹11,371 / sq yd190 m
SAMRAT ASHOK COLONY₹18,000 / sq m₹15,050 / sq yd230 m
DASHAHARA MAIDAN 80 FEET ROAD₹36,400 / sq m₹30,435 / sq yd300 m
ASHOKA GARDEN/ PRAGTI NAGAR/ SUNDAR NAGAR/ FRENDS COLONY/ SANKAR NAGAR₹24,000 / sq m₹20,067 / sq yd320 m
PANJABI BAG COLONY/ SHAHANSHAN COLONY₹32,000 / sq m₹26,756 / sq yd330 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

Bhopal

Town & Country Planning (DTCP)
Building Permitapproved 6 Sep 2017 · 9 yrs ago

The promised possession date (31 Dec 2019) 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

75 residential projects still under way within 25 km. Step out ring by ring:

4 projects between 1 and 3 km — showing the nearest 4.

BhopalIndividual houses

REGAL TULSI

MS TULSI ASSOCIATES

Jul 2022registered
Mar 2026target completion
possession revisedDeclared cost₹27.49 CrScale106 flatsAuthorityRERA Madhya Pradesh
BhopalApartment

AWANTIKA BUSINESS CENTRE AND AWANTIKA HOMES-5

R.P. AWANTIKA INFRACON PVT. LTD.

Feb 2024registered
Aug 2026target completion
Declared cost₹53.52 CrScale146 flatsAuthorityRERA Madhya Pradesh
BhopalApartment

SAGE GOLDEN SPRING PHASE - I

VRANDAWAN CONSTRUCTIONS CO.

May 2022registered
Dec 2026target completion
possession revisedDeclared cost₹96.60 CrScale699 flatsAuthorityRERA Madhya Pradesh
BhopalApartment

VARDHMAN CELESTIA

VARDHMAN DEVELOPERS

Jul 2025registered
Apr 2027target completion
Declared cost₹22.75 CrScale8 flatsAuthorityRERA 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.