HORIZON
Share

SWASTIK SPRINGFIELD

P-IND-26-6370 · RERA Madhya Pradesh · https://gethorizon.in/projects/swastik-springfield-indore-kanadia-qvay4khs

01

Complete project overview

RERA Madhya Pradesh · Registration filing
Project name
SWASTIK SPRINGFIELD
Plots
16 plots

Timeline

Project startedFeb 2026
RERA registeredMar 2026
Proposed completionMar 2029
TodaySep 2026
02

Builder’s track record

RERA Madhya Pradesh · Builder registration

SWASTIK HOMES LLP

Partnership Firm / LLPPromoter type
1Projects
1City
2026–presentActive
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
Indore
Tehsil
Kanadia
Planning area
Indore
Address
Land Khasra no. 809/2 total admeasuring 0.668 Hect. Area out of which 0.338 Hect. Net Scheme area at Village Kanadia, Tehsil Kanadia, District Indore (MP)
What’s nearby
SchoolsNo schools within 2km
HealthcareNo hospital within 5km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Expressway 3.4 km · Indore Bypass FlyoverNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
Water body 3.4 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹4.81 Cr declared to build 16 plots. What that works out to:

₹30.09 Lakhdeclared cost per plotall-in — land + construction
79%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.

₹10,870per sq yd
₹13,000per sq m
Which rate
open plot, residential
Matched to
The middle rate of the 68 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

GAYTRI PERADISE (KANADIYA)₹15,000 / sq m₹12,542 / sq yd470 m
KANADIYA KI ANYA COLONIYA/SANGRILA FARM KANADIYA₹12,000 / sq m₹10,034 / sq yd670 m
ANMOL POINT/URBAN MEDOZ₹16,000 / sq m₹13,378 / sq yd790 m
ARIHANT PARK (KANADIYA)₹18,000 / sq m₹15,050 / sq yd830 m
arihant green park (kanadiya)₹14,400 / sq m₹12,040 / sq yd850 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 26 Mar 2026 · 6 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

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

13 projects within 1 km — showing the nearest 6.

IndorePlotted Development

ADITYA DM NATURE CITY SECTOR B

BHUPESH VYAS REALITY LLP

Mar 2025registered
May 2027target completion
Declared cost₹6.94 CrScale79 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

IRIS DREAMS

AADISH VENTURE PVT. LTD.

Mar 2025registered
Mar 2027target completion
Declared cost₹12.20 CrScale60 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SAFAL GARDEN CITY-2 LILLY

SAFAL DEVELOPERS

Mar 2025registered
Nov 2027target completion
Declared cost₹10.07 CrScale121 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

NEW RACE COURSE GREENS

DREAM HOME DEVELOPERS

May 2025registered
Jan 2028target completion
Declared cost₹2,000Scale156 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SKYE HYDE PARK - 1

SKYE EARTH DEVELOPERS PRIVATE LIMITED

May 2025registered
Feb 2028target completion
Declared cost₹13.51 CrScale32 plotsAuthorityRERA Madhya Pradesh
IndorePlotted Development

SATGURU ORCHID 2

SATGURU DEVELOPERS

Jul 2025registered
Aug 2027target completion
Declared cost₹2.00 CrScale11 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.