Is CRYSTAL SQUARE in Indore registered with MP RERA?

Yes, CRYSTAL SQUARE is an official MP RERA registered project (Registration No: P-IND-23-3870). The project is promoted by FORTUNE ENTERPRISES and is currently marked as ONGOING.

Who is the developer of CRYSTAL SQUARE?

CRYSTAL SQUARE is developed by FORTUNE ENTERPRISES, an active real estate promoter in Indore, Madhya Pradesh.

CRYSTAL SQUARE | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for CRYSTAL SQUARE?

Data Provenance

Registration No

P-IND-23-3870FACT

Project Name

CRYSTAL SQUAREFACT

Status

ONGOINGFACT

Promoter

FORTUNE ENTERPRISESFACT

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

CRYSTAL SQUARE

Registration NumberFACT

P-IND-23-3870

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

FORTUNE ENTERPRISES

Estimated Land CostFACT

₹147 Lakh

Estimated Construction CostFACT

₹169 Lakh

Construction Cost / UnitDERIVED

₹8.45 Lakh

Across 20 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

20Total Units

SOLD UNITSFACT

0 (0%)

REMAINING UNITSFACT

20 (100%)

ABSORPTION RATEDERIVED

Mahanka inventory observation: The statutory registry records 20 registered units, with 0 sold and 20 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
residential 1	Plot	10	0	10	0%
residential 2	Plot	10	0	10	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-08-01

Proposed CompletionFACT

2025-06-25

Project AgeDERIVED

1488 days

Days OverdueDERIVED

429 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

plot no M-1, shivalay gram bijalpur district indore M.P.

Matched LocalityMATCHED

Bijalpur

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'bijalpur' equals locality 'Bijalpur'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

FORTUNE ENTERPRISES

Entity TypeFACT

Partnership Firm / LLP

FORTUNE ENTERPRISES2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE2

Portfolio Absorption: 0% across 150 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹25,000 / sqm

Multi-Story ResidentialMATCHED

₹30,000 / sqm

Commercial OfficeMATCHED

₹48,200 / sqm

Guideline rates are source-linked from MPIGR FY 2026–27 Statutory Gazette for Bijalpur (Match Tier: EXACT).

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Bijalpur

20 Peers in LocalityAvg Peer Absorption: 39%

Project	Promoter	Status	Units	Absorption	Completion
GOLD VISTA	gold-vista	COMPLETED	25	56%	2024-12-01
SPRING FIELD	enterprises-rabsukh	ONGOING	27	0%	2024-11-30
SHANTI ALNIMAH	devcon-radhika	ONGOING	—	—	—
NIRVANA PRIME	co-mandhwani-mandhwani-mandhwani-pinanlal-promoter-sandeep-sarla	ONGOING	7	0%	2022-12-31
OPERA GREENS	realmart-united	COMPLETED	40	100%	2018-07-10
RCM PRIME	anandam-estates	COMPLETED	25	36%	2023-06-30
ALI TOWNSHIP PHASE-1	estate-msd-real	COMPLETED	282	48.23%	2022-03-30
TIRUMALA ADDRESS	target	ONGOING	513	12.28%	2022-02-28

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 ProjectFLAGGED

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

283 categorized public files

APPROVAL(5)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

OTHER(22)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

BUILDING_PLAN(1)

📄 Floor Plan

PHOTOGRAPH(47)

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: 2026-08-15T20:40:01.913Z

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 CRYSTAL SQUARE.

View all Indore projects →

ONGOING

📍 2.5 km

CRYSTAL TOWER

Promoter: FORTUNE ENTERPRISES

Expected: 2026-01-18Inspect →

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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.

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for CRYSTAL SQUARE

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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Direct Institutional Mortgage Matching

Underwritten through sovereign & top-tier private lenders. Best client-first terms guaranteed.