Is AKASHNEEM VARA in Indore registered with MP RERA?

Yes, AKASHNEEM VARA is an official MP RERA registered project (Registration No: P-MHW-24-5037). The project is promoted by AIREN CONSTRUCTIONS PRIVATE LIMITED and is currently marked as ONGOING.

Who is the developer of AKASHNEEM VARA?

AKASHNEEM VARA is developed by AIREN CONSTRUCTIONS PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

AKASHNEEM VARA | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for AKASHNEEM VARA?

Data Provenance

Registration No

P-MHW-24-5037FACT

Project Name

AKASHNEEM VARAFACT

Status

ONGOINGFACT

Promoter

AIREN CONSTRUCTIONS PRIVATE LIMITEDFACT

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

AKASHNEEM VARA

Registration NumberFACT

P-MHW-24-5037

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

Dr. Ambedkar Nagar (Mhow)

Land OwnershipFACT

JDA – MP179092023A12505698 dated 27/10/2023 with M/s Madhavshree Developers & JDA – MP179092023A12511268 dated 30/10/2023 with M/s PLR Associates.

Estimated Land CostFACT

₹2,346.95 Lakh

Estimated Construction CostFACT

₹859.99 Lakh

Construction Cost / UnitDERIVED

—

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

—Total Units

SOLD UNITSFACT

— (—)

REMAINING UNITSFACT

— (—)

ABSORPTION RATEDERIVED

—

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

ON SCHEDULE

Proposed StartFACT

2024-03-05

Proposed CompletionFACT

2027-03-04

Project AgeDERIVED

907 days

Days to CompletionDERIVED

187 days remaining

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Khasra No. – 49/1, 49/2, 49/3, 49/4, 50/1/2, 50/2, 50/3/2, 51/2, 52/2/2, 52/3, at village – Piplya Malhar, Tehsil – Mhow, District – Indore(M.P.)

Matched LocalityMATCHED

UNMATCHED

Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

AIREN CONSTRUCTIONS PRIVATE LIMITED

Entity TypeFACT

Company

AIREN CONSTRUCTIONS PRIVATE LIMITED2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE0

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 PassedNO

Formally Extended by AuthorityNO

High Remaining Inventory on Overdue ProjectNO

Project Age Over 5 YearsNO

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

10. Indexed Statutory DocumentsFACT

115 categorized public files

APPROVAL(4)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

OTHER(49)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

PHOTOGRAPH(22)

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

83.33%Completeness Index

promoterPRESENT

timelinePRESENT

documentsPRESENT

inventoryMISSING

project locationPRESENT

registration numberPRESENT

Formula Version: 1.0.0

Audit Timestamp: 2026-08-15T20:41:53.265Z

Inventory unit counts were not reported in the RERA project filing.
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.

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Micro-Market Competitive Landscape (5 km Radius)

Other RERA-registered developments competing in the same planning sector as AKASHNEEM VARA.

View all Indore projects →

ONGOING

📍 2.5 km

VIRANG SOLLITAIRE

Promoter: AIREN CONSTRUCTIONS PRIVATE LIMITED

Expected: 2027-04-06Inspect →

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

80 indexed documents

Latest QPR

No QPR found in indexed source

Not found in indexed source

Latest APR

Apr 2026 - Jun 2026

Fresh source capture14 days since source capture

Open source ↗

Completion certificate

No certificate found in indexed source

Not found in indexed source

Freshness measures the age of Mahanka’s source capture. It does not certify statutory compliance or confirm that a filing was accepted by the authority.

Buyer due-diligence checklist

A source-led review path for this project.

RERA registration numberFoundP-MHW-24-5037

Promoter identityFoundAIREN CONSTRUCTIONS PRIVATE LIMITED

Proposed completion dateFound2027-03-04

Latest QPRReviewNo QPR was found in the indexed source.

Latest APRFoundApr 2026 - Jun 2026 · 14 days since source capture

Completion certificateReviewNo completion or occupancy certificate was found in the indexed source.

Timeline changesReview1 source changes are visible in the project timeline.

Project statusFoundONGOING

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →

Registered projects

Completed

Extensions / delays

Cities represented

AKASHNEEM VARAONGOING VIRANG SOLLITAIREONGOING

MP RERA authority contact

Role-based public contact for source verification and statutory queries.

Verify before relying

Real Estate Regulatory Authority, Madhya Pradesh

Rera Bhavan, Arera Hills, Main Road No. 1, Bhopal 462011

Phone: 0755-2556760 · 0755-2557955

Email: secretaryrera@mp.gov.in

Portal: Official website ↗

Last verified: 29 Aug 2026Published MP RERA record ↗

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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 AKASHNEEM VARA

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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