Is 51, CRYSTALS in Indore registered with MP RERA?

Yes, 51, CRYSTALS is an official MP RERA registered project (Registration No: P-IND-22-3106). The project is promoted by RAJ PROPERTIES and is currently marked as ONGOING.

Who is the developer of 51, CRYSTALS?

51, CRYSTALS is developed by RAJ PROPERTIES, an active real estate promoter in Indore, Madhya Pradesh.

51, CRYSTALS | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for 51, CRYSTALS?

Data Provenance

Registration No

P-IND-22-3106FACT

Project Name

51, CRYSTALSFACT

Status

ONGOINGFACT

Promoter

RAJ PROPERTIESFACT

Locality Link

UNMATCHEDNOT ASSESSED

Coordinates

Not available from sourceNOT ASSESSED

Last verified: 15 Aug 2026 · Source ↗

1. Project IdentityFACT

Official statutory registration record

Project NameFACT

51, CRYSTALS

Registration NumberFACT

P-IND-22-3106

Project StatusFACT

ONGOING

Project Type (Portal)FACT

New

First Seen in IndexDERIVED

15/8/2026

Last CrawledDERIVED

15/8/2026

2. Regulatory Economics & EscrowFACT

Project budget, land ownership, and escrow details

Planning AreaFACT

Indore

Land OwnershipFACT

M/s Raj Properties

Estimated Land CostFACT

—

Estimated Construction CostFACT

₹880 Lakh

Construction Cost / UnitDERIVED

₹18.33 Lakh

Across 48 registered units

Postal PincodeFACT

—

Source: MP RERA Form B / project detail disclosure. Cost per unit is derived from estimated construction cost divided by total registered units.

3. Inventory & AbsorptionDERIVED

Category-level unit allocation and absorption rate

48Total Units

SOLD UNITSFACT

47 (97.92%)

REMAINING UNITSFACT

1 (2.08%)

ABSORPTION RATEDERIVED

97.92%

Mahanka inventory observation: The statutory registry records 48 registered units, with 47 sold and 1 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential 3 BHK	Apartment	24	24	0	100%
Residential 2 BHK	Apartment	24	23	1	95.83%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2021-04-01

Proposed CompletionFACT

2024-04-01

Project AgeDERIVED

1975 days

Days OverdueDERIVED

879 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Shivalaya Colony, Gram Bijaplur, Indore (M.P.)

Matched LocalityMATCHED

UNMATCHED

Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

RAJ PROPERTIES

Entity TypeFACT

Partnership Firm / LLP

RAJ PROPERTIES2 Total Indexed Projects

COMPLETED1

ONGOING1

EXTENDED0

OVERDUE1

Portfolio Absorption: 85.82% across 141 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Guideline rates are displayed only when a project is linked to an official revenue locality with an EXACT or STRONG match tier. This project currently holds an unverified locality link.

9. Observable Risk & Delay SignalsINFERRED

Independent regulatory observations (not a composite score)

Proposed Completion Date PassedYES

Formally Extended by AuthorityNO

High Remaining Inventory on Overdue ProjectNO

Project Age Over 5 YearsYES

Each marker represents an independent observable signal from public filings. Mahanka does not aggregate these into a speculative score.

10. Indexed Statutory DocumentsFACT

375 categorized public files

OTHER(16)

APPROVAL(6)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

REGISTRATION(1)

📄 Affidavit

BUILDING_PLAN(1)

📄 Sanction Building Plan

PHOTOGRAPH(53)

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

100%Completeness Index

promoterPRESENT

timelinePRESENT

documentsPRESENT

inventoryPRESENT

project locationPRESENT

registration numberPRESENT

Formula Version: 1.0.0

Audit Timestamp: 2026-08-15T20:38:31.629Z

Locality is UNMATCHED: no verified spatial or text match in official gazette.
Guideline rate benchmark is withheld because locality match is not EXACT or STRONG.
Coordinates are not published by MP RERA and are not invented.
Derived metrics & timeline classifications are Mahanka analytical models, not statutory certifications.

🗺

Micro-Market Competitive Landscape (5 km Radius)

Other RERA-registered developments competing in the same planning sector as 51, CRYSTALS.

View all Indore projects →

COMPLETED

📍 2.5 km

CRYSTAL APARTMENTS

Promoter: RAJ PROPERTIES

Expected: 2017-08-31Inspect →

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Official Regulatory Source

This record was extracted from the public Madhya Pradesh Real Estate Regulatory Authority (MP RERA) registry.

View on MP RERA Portal

Source System:MP RERA Public Register

QA State:VERIFIED PUBLIC RECORD

City Directory

Explore all registered developments, townships, and commercial hubs in Indore.

← Back to Indore RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for 51, CRYSTALS

Live borrowing capacity, exact stamp dues, and institutional protection underwriting.

Loan-to-Value (LTV):

Tenure:

Benchmark Rate:8.5% p.a.

Max Loan Sanction (80% LTV)

₹ 60,00,000

Collateral Base: ₹ 75,00,000

Indicative EMI (20 Yrs @ 8.5%)

₹ 52,069 / mo

Principal + Interest Component

Total Upfront Cash Required

₹ 23,02,500

20% Margin (₹ 15,00,000) + Govt Dues (₹ 7,87,500) + Legal Vetting (₹ 15,000)

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