Is DIVINE GREENS BLOCK B in Indore registered with MP RERA?

Yes, DIVINE GREENS BLOCK B is an official MP RERA registered project (Registration No: P-IND-17-1001). The project is promoted by VARUN CREATION and is currently marked as ONGOING.

Who is the developer of DIVINE GREENS BLOCK B?

DIVINE GREENS BLOCK B is developed by VARUN CREATION, an active real estate promoter in Indore, Madhya Pradesh.

DIVINE GREENS BLOCK B | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for DIVINE GREENS BLOCK B?

Data Provenance

Registration No

P-IND-17-1001FACT

Project Name

DIVINE GREENS BLOCK BFACT

Status

ONGOINGFACT

Promoter

VARUN CREATIONFACT

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

DIVINE GREENS BLOCK B

Registration NumberFACT

P-IND-17-1001

Project StatusFACT

ONGOING

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

SAURABH SETHI, VARUN SETHI, ASHRAF PATEL AND ANWAR PATEL

Estimated Land CostFACT

₹50.45 Lakh

Estimated Construction CostFACT

₹920.1 Lakh

Construction Cost / UnitDERIVED

₹11.8 Lakh

Across 78 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

78Total Units

SOLD UNITSFACT

57 (73.08%)

REMAINING UNITSFACT

23 (29.49%)

ABSORPTION RATEDERIVED

73.08%

Mahanka inventory observation: The statutory registry records 78 registered units, with 57 sold and 23 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
1 BHK( 417.56 Aprox)	Apartment	12	10	2	83.33%
2 BHK( 629.85 Aprox)	Apartment	42	22	20	52.38%
2 BHK (679.67 Aprox)	Apartment	12	12	0	100%
2 BHK ( 642.97 Aprox)	Apartment	12	13	1	108.33%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2013-12-23

Proposed CompletionFACT

2018-02-27

Project AgeDERIVED

4631 days

Days OverdueDERIVED

3104 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Khasra no. 156/2/1, 156/2/2, 156/3, 157/1p, 157/2, 157/3, 162/2/3 & 158 at village nipania, Indore

Matched LocalityMATCHED

UNMATCHED

Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

VARUN CREATION

Entity TypeFACT

Proprietorship Firm

VARUN CREATION2 Total Indexed Projects

COMPLETED1

ONGOING1

EXTENDED0

OVERDUE1

Portfolio Absorption: 75% across 160 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

54 categorized public files

REGISTRATION(1)

📄 Affidavit Cum Declaration

APPROVAL(6)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

OTHER(28)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

BUILDING_PLAN(1)

📄 Sanction Building Plan

PHOTOGRAPH(15)

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: 2026-08-15T20:35:59.185Z

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 DIVINE GREENS BLOCK B.

View all Indore projects →

COMPLETED

📍 2.5 km

DIVINE GREENS BLOCK A

Promoter: VARUN CREATION

Expected: 2019-11-12Inspect →

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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 DIVINE GREENS BLOCK B

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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