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VIDYA SAGAR RESIDENCY PHASE-1

P-CDW-17-282 · RERA Madhya Pradesh · https://gethorizon.in/projects/vidya-sagar-residency-phase-1-chhindwara-uip1istp

Timeline

Project startedMar 2015
RERA registeredSep 2017
Proposed completionMar 2018
TodaySep 2026
02

Builder’s track record

RERA Madhya Pradesh · Builder registration

SHREE SAI DEVELOPERS

Partnership Firm / LLPPromoter type
42Projects
22Cities
2017–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
2,198 homes · 64 plotson the public record across 42 projects
1,31,988 sq mbuilt-up filed
8,138 sq mplotted area
1,19,078 sq mland declared
₹139.33 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
Others5 of 23 projects
ChhindwaraTown & Country Planning (DTCP)this project2 of 23 projects
Panvel Municipal CorporationMunicipal Corporation2 of 23 projects
BBMP - Bruhat Bengaluru Mahanagara PalikeMunicipal / Corporation1 of 23 projects
Bhavnagar Municipal CorporationMunicipal / Corporation1 of 23 projects
Bilimora MunicipalityMunicipal / Corporation1 of 23 projects
City and Industrial Development Corporation (CIDCO)Development Authority1 of 23 projects
Collector Office SataraCollector office1 of 23 projects
Jorhat Development AuthorityUrban Development Authority1 of 23 projects
Kuldeep B Chaware1 of 23 projects
Mbmc1 of 23 projects
Naredco (National Real Estate Development Council)1 of 23 projects
Navsari Urban Development AuthorityUrban Development Authority1 of 23 projects
Palghar Nagarparishad Palghar1 of 23 projects
Poona Municipal CorporationMunicipal Corporation1 of 23 projects
Surat Urban Development AuthorityUrban Development Authority1 of 23 projects
Vadodara Urban Development AuthorityUrban Development Authority1 of 23 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 SHREE SAI DEVELOPERS— the full portfolio →

03

Location & price analysis

RERA Madhya Pradesh · Registration filing
District
Chhindwara
Tehsil
Chhindwara
Planning area
Chhindwara
Address
WARD NO- 3, KHAJRI ROAD, CHHINDWARA (MP)
What’s nearby
SchoolsNo schools within 2km
HealthcareNearest hospital 3.3km away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Primary road 671 m · Chindwara Ring RoadRailway line 3.1 kmNo metro or railway within 5kmLimited bus connectivity nearby
Water & environment
Water body 1.2 kmRiver 4.7 km
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹1.90 Cr declared. What that works out to:

56%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.

₹20,485per sq yd
₹24,500per sq m
Which rate
RCC construction
Matched to
The rate published for “SAMARTH VIHAR”, 900 m from this project.
In force
2026-2027 schedule · effective Apr 2026

Colonies around this project

SHESH KSHETRA KHAJRI₹20,200 / sq m₹16,890 / sq yd990 m
ORKAN CITY₹30,300 / sq m₹25,335 / sq yd1.0 km
KHAJRI-T&CP APROOVED COLONY₹20,500 / sq m₹17,141 / sq yd1.1 km
DUNGARIYA T&CP APPROVED COLONY₹15,500 / sq m₹12,960 / sq yd1.1 km
DUNGARIYA₹14,000 / sq m₹11,706 / sq yd1.3 km

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

Chhindwara

Town & Country Planning (DTCP)
Building Permitapproved 7 Sep 2017 · 9 yrs ago

The promised possession date (11 Mar 2018) 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

Chhindwara

Town & Country Planning area · Chhindwara district

Has approved 104 RERA projects2% of Madhya Pradesh.

a plotted-layout market24% apartments · 76% plotted layouts. Apartments like yours are the smaller share here — this body mostly approves plotted layouts.

Builders
88
On record
1,631 flats · 14,509 plots
Reach
7 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

2 residential and mixed-use projects still under way within 25 km. The nearest 2:

Of the 67 projects the radar draws within 6 km — every kind, every stage — 2 are residential and mixed-use projects still under way. This list keeps only those, and looks further out.

3.7 km awayApartment

TRIVENI APARTMENT

VASUDHA INFRASTRUCTURE · Chhindwara

Feb 2022registered
Sep 2026target completion
Declared cost₹27.60 CrScale152 flatsAuthorityRERA Madhya Pradesh
4.6 km awayApartment

VIP HEIGHTS

MAHABAL INFRASTRUCTURE · Chhindwara

Mar 2024registered
Dec 2026target completion
possession revisedDeclared cost₹35.47 CrScale128 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.