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VARDHMAN MEDICAL PLAZA

P-BPL-22-3240 · RERA Madhya Pradesh · https://gethorizon.in/projects/vardhman-medical-plaza-bhopal-huzur-hnnxh05e

01

Complete project overview

RERA Madhya Pradesh · Registration filing
Project name
VARDHMAN MEDICAL PLAZA
Units
39 units
Unit mix
38 × All Shop Avg. Area · 1 × Basement
Revised completion
10 Dec 2023extended after an approved RERA extension
Extensions
1 approved · Normalcompletion-date extension(s) granted by RERA
Quarterly reports
18 on file · latest Jul 2022 - Sep 2022quarterly progress certificates filed with RERA

Timeline

Project startedDec 2019
RERA registeredMar 2022
Proposed completionDec 2022
TodaySep 2026

Find your unit

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

39 units across 2 batches
TypeArea sq mCount
All Shop Avg. Area38
Basement1

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 VARDHMAN CONSTRUCTIONS

Partnership Firm / LLPPromoter type
1Projects
1City
2022–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
Bhopal
Tehsil
Huzur
Planning area
Bhopal
Address
Vardhman Medical Plaza, Behind Dawa Bazar, Hamidiya Road, Bhopal.
What’s nearby
Schools1 school within 500m · College or university 1.8km away · Library 1.0km away
HealthcareHospital 236m away
LifestylePark 1.2km away · Gym or sports centre 1.9km away · 3 restaurants and cafes within 1km
ShoppingNo supermarket within 2km · Mall 398m away · Bank 364m away
Getting around
Primary road 190 m · Bhopal Sanchi RoadRailway line 777 mRailway station 1.1km away (Bhopal Junction)Bus stop within 1km
Water & environment
Water body 673 m
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹4.00 Cr declared to build 39 flats. What that works out to:

₹10.26 Lakhdeclared cost per flatall-in — land + construction
50%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.

₹51,004per sq yd
₹61,000per sq m
Which rate
multi-storey residential
Matched to
The rate published for “BAL VIHAR / SAI KRIPA COMPLEX / HANUMAAN GANJ SE MANGALWARA / MEDICAL STREET”, 40 m from this project.
In force
2026-2027 schedule · effective Apr 2026

Colonies around this project

BAL VIHAR₹58,000 / sq m₹48,495 / sq yd80 m
GHODA NAKKAS(GALIYON ME)₹55,000 / sq m₹45,987 / sq yd80 m
HAMIDIYA MUKHYA MARG KE DONO TARAF KA SHETRA₹85,000 / sq m₹71,071 / sq yd140 m
DAWA BAJAR EVM VARDAMAN TOWER KA SHETRA₹63,000 / sq m₹52,676 / sq yd190 m
BHOPAL TALKIES CHAURAHA(MUKHYA MARG)₹88,000 / sq m₹73,579 / sq yd200 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 colony, 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 Permit

The promised possession date (10 Dec 2022) 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

3 commercial projects still under way within 25 km. The nearest 3:

Of the 145 projects the radar draws within 6 km — every kind, every stage — none is a commercial project still under way. This list keeps only those, and looks further out.

10.0 km awayCommercial

SAGE GALLERIA

K S ENTERPRISES · Bhopal · Kolar

Mar 2026registered
Dec 2028target completion
Declared cost₹37.00 CrScale39 flatsAuthorityRERA Madhya Pradesh
11.4 km awayCommercial

CHETAN HEIGHTS

MS MALTI MULTI HOMES · Bhopal · Huzur

Jun 2025registered
Mar 2027target completion
Declared cost₹9.35 CrScale16 flatsAuthorityRERA Madhya Pradesh
15.2 km awayCommercial

MADAN MAHARAJ KASTURI TRADE CENTER

LODHI BUILDER AND DEVELOPER PVT. LTD. · Bhopal · Huzur

Nov 2022registered
Jul 2026target completion
possession revisedDeclared cost₹48.99 CrScale329 flatsAuthorityRERA Madhya Pradesh

Projects within 25 km, nearest first — closed ones excluded, nothing ranked. Distances from the filed coordinates.

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.