Is BENCHMARK BUSINESS PARK in Indore registered with MP RERA?

Yes, BENCHMARK BUSINESS PARK is an official MP RERA registered project (Registration No: P-IND-17-809). The project is promoted by NIKHIL ESTATE PVT. LTD. and is currently marked as COMPLETED.

Who is the developer of BENCHMARK BUSINESS PARK?

BENCHMARK BUSINESS PARK is developed by NIKHIL ESTATE PVT. LTD., an active real estate promoter in Indore, Madhya Pradesh.

BENCHMARK BUSINESS PARK | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for BENCHMARK BUSINESS PARK?

Data Provenance

Registration No

P-IND-17-809FACT

Project Name

BENCHMARK BUSINESS PARKFACT

Status

COMPLETEDFACT

Promoter

NIKHIL ESTATE PVT. LTD.FACT

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

BENCHMARK BUSINESS PARK

Registration NumberFACT

P-IND-17-809

Project StatusFACT

COMPLETED

Project Type (Portal)FACT

Ongoing

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

LAND TAKEN ON LONG TERM LEASE BY THE APPLICANT FROM INDORE DEVELOPMENT AUTHORITY

Estimated Land CostFACT

₹139 Lakh

Estimated Construction CostFACT

₹1,962 Lakh

Construction Cost / UnitDERIVED

₹9.67 Lakh

Across 203 registered units

Postal PincodeFACT

452010

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

203Total Units

SOLD UNITSFACT

22 (10.84%)

REMAINING UNITSFACT

181 (89.16%)

ABSORPTION RATEDERIVED

10.84%

Mahanka inventory observation: The statutory registry records 203 registered units, with 22 sold and 181 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
GROUND FLOOR	Commercial property	22	9	13	40.91%
FIRST FLOOR	Commercial property	21	4	17	19.05%
SECOND FLOOR	Commercial property	23	9	14	39.13%
THIRD FLOOR	Commercial property	23	0	23	0%
FOURTH FLOOR	Commercial property	23	0	23	0%
FIFTH FLOOR	Commercial property	23	0	23	0%
SIXTH FLOOR	Commercial property	23	0	23	0%
SEVENTH FLOOR	Commercial property	22	0	22	0%
EIGHTH FLOOR	Commercial property	23	0	23	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETED

Proposed StartFACT

2015-02-15

Proposed CompletionFACT

2019-08-15

Project AgeDERIVED

4214 days

Days to CompletionDERIVED

—

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

BLOCK NO. A-3, PU-4, COMMERCIAL, SCHEME NO. 54, INDORE-452010

Matched LocalityMATCHED

UNMATCHED

Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

NIKHIL ESTATE PVT. LTD.

Entity TypeFACT

Company

NIKHIL ESTATE PVT. LTD.1 Total Indexed Projects

COMPLETED1

ONGOING0

EXTENDED0

OVERDUE0

Portfolio Absorption: 10.84% across 203 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 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

52 categorized public files

OTHER(28)

APPROVAL(4)

REGISTRATION(1)

📄 Affidavit Cum Declaration

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

BUILDING_PLAN(1)

📄 Sanction Building Plan

PHOTOGRAPH(15)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

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: 2026-08-15T20:35:51.988Z

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.

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

52 indexed documents

Latest QPR

No QPR found in indexed source

Not found in indexed source

Latest APR

Apr 2019 - Jun 2019

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-IND-17-809

Promoter identityFoundNIKHIL ESTATE PVT. LTD.

Proposed completion dateFound2019-08-15

Latest QPRReviewNo QPR was found in the indexed source.

Latest APRFoundApr 2019 - Jun 2019 · 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 statusFoundCOMPLETED

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →

Registered projects

Completed

Extensions / delays

Cities represented

BENCHMARK BUSINESS PARKCOMPLETED

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 BENCHMARK BUSINESS PARK

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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