MAHANKA/Indore/RERA/GIRNAR PLAZA

GIRNAR PLAZAONGOING

★Are you the official developer or sales mandate for GIRNAR PLAZA?
Data Provenance
Registration No
P-IND-18-1534FACT
Project Name
GIRNAR PLAZAFACT
Status
ONGOINGFACT
Promoter
M.M.R. 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
GIRNAR PLAZA
Registration NumberFACT
P-IND-18-1534
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
M.M.R. ENTERPRISES
Estimated Land CostFACT
₹400 Lakh
Estimated Construction CostFACT
₹150 Lakh
Construction Cost / UnitDERIVED
₹5 Lakh
Across 30 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

30Total Units
SOLD UNITSFACT
3 (10%)
REMAINING UNITSFACT
27 (90%)
ABSORPTION RATEDERIVED
10%

Mahanka inventory observation: The statutory registry records 30 registered units, with 3 sold and 27 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
COMMERCIAL SHOPApartment1331023.08%
ResidentialApartment170170%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED
Proposed StartFACT
2017-10-10
Proposed CompletionFACT
2018-02-28
Project AgeDERIVED
3245 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
NEAR ATAL DWAR, OPP- MIG POLICE STATION INDORE (M.P.)
Matched LocalityMATCHED
UNMATCHED
Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
M.M.R. ENTERPRISES
Entity TypeFACT
Partnership Firm / LLP
S P ENTERPRISES11 Total Indexed Projects
COMPLETED3
ONGOING8
EXTENDED0
OVERDUE5
Portfolio Absorption: 61.55% across 1,277 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 ProjectFLAGGED
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

27 categorized public files

APPROVAL(3)
  • 📄 Approval Town Country Planning
  • 📄 Consent Land Owner
  • 📄 Development Permission
REGISTRATION(1)
  • 📄 Affidavit Cum Declaration
FINANCIAL(1)
  • 📄 Engineer's Certificate
OTHER(15)
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Project Status
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
BUILDING_PLAN(1)
  • 📄 Sanction Building Plan
PHOTOGRAPH(5)
  • 📄 Jul 2019 - Sep 2019
  • 📄 Jul 2019 - Sep 2019
  • 📄 Jul 2019 - Sep 2019
  • 📄 Jul 2019 - Sep 2019
  • 📄 Jul 2019 - Sep 2019

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: 2026-08-15T20:36:27.392Z
  • 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 GIRNAR PLAZA.

View all Indore projects →
COMPLETED
📍 2.5 km

DREAM VICTORIA EWS BUILDING

Promoter: S P ENTERPRISES

Expected: 2024-12-31Inspect →
ONGOING
📍 2.5 km

SHREE SHYAM VIHAR

Promoter: M R ENTERPRISES

Expected: 2020-09-06Inspect →
ONGOING
📍 2.5 km

ORION PLANET

Promoter: M M ENTERPRISES

Expected: 2024-03-29Inspect →
ONGOING
📍 2.5 km

URBANE GREEN

Promoter: S R ENTERPRISES

Expected: 2027-10-23Inspect →
ONGOING
📍 2.5 km

SHRI KANHAIYA VIHAR

Promoter: S S ENTERPRISES

Expected: 2027-06-30Inspect →
ONGOING
📍 2.5 km

DREAM VICTORIA EWS BUILDING

Promoter: S P ENTERPRISES

RERA ActiveInspect →

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

27 indexed documents
Latest QPR
No QPR found in indexed source
Not found in indexed source
Latest APR
No APR found in indexed source
Not found in indexed 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-18-1534
✓Promoter identityFoundM.M.R. ENTERPRISES
✓Proposed completion dateFound2018-02-28
!Latest QPRReviewNo QPR was found in the indexed source.
!Latest APRReviewNo APR was found in the indexed source.
!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
14
Completed
3
Extensions / delays
0
Cities represented
3
DREAM VICTORIA EWS BUILDINGCOMPLETEDSHREE SHYAM VIHARONGOINGORION PLANETONGOINGURBANE GREENONGOINGSAGE GALLERIAONGOINGSAGE NIRVANA PHASE - IONGOING

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

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for GIRNAR PLAZA

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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