Is HAKIMI VIHAR in Indore registered with MP RERA?

Yes, HAKIMI VIHAR is an official MP RERA registered project (Registration No: P-IND-18-1681). The project is promoted by SHIV SAGAR REALMART PRIVATE LIMITED and is currently marked as COMPLETED.

Who is the developer of HAKIMI VIHAR?

HAKIMI VIHAR is developed by SHIV SAGAR REALMART PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

HAKIMI VIHAR | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for HAKIMI VIHAR?

Data Provenance

Registration No

P-IND-18-1681FACT

Project Name

HAKIMI VIHARFACT

Status

COMPLETEDFACT

Promoter

SHIV SAGAR REALMART 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

HAKIMI VIHAR

Registration NumberFACT

P-IND-18-1681

Project StatusFACT

COMPLETED

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

Shiv Sagar Real Mart Pvt. Ltd.

Estimated Land CostFACT

₹565.2 Lakh

Estimated Construction CostFACT

₹758 Lakh

Construction Cost / UnitDERIVED

₹15.16 Lakh

Across 50 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

50Total Units

SOLD UNITSFACT

29 (58%)

REMAINING UNITSFACT

21 (42%)

ABSORPTION RATEDERIVED

58%

Mahanka inventory observation: The statutory registry records 50 registered units, with 29 sold and 21 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
1250	Plot	2	1	1	50%
1750	Plot	1	0	1	0%
1800	Plot	1	1	0	100%
2100	Plot	10	8	2	80%
2450	Plot	6	4	2	66.67%
2500	Plot	2	2	0	100%
2600	Plot	1	0	1	0%
2700	Plot	4	2	2	50%
2800	Plot	6	3	3	50%
3150	Plot	7	4	3	57.14%
4000	Plot	4	1	3	25%
4050	Plot	2	0	2	0%
6300	Plot	2	2	0	100%
6800	Plot	1	1	0	100%
7100	Plot	1	0	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETED

Proposed StartFACT

2018-02-01

Proposed CompletionFACT

2022-06-30

Project AgeDERIVED

3130 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

Hakimi Vihar, Bijalpur, Indore

Matched LocalityMATCHED

Bijalpur

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SHIV SAGAR REALMART PRIVATE LIMITED

Entity TypeFACT

Company

SHIV SAGAR REALMART PRIVATE LIMITED2 Total Indexed Projects

COMPLETED1

ONGOING1

EXTENDED0

OVERDUE1

Portfolio Absorption: 60.87% across 115 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

84 categorized public files

APPROVAL(3)

REGISTRATION(1)

📄 Affidavit Cum Declaration

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

OTHER(33)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(40)

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: 2026-08-15T20:45:20.815Z

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 HAKIMI VIHAR.

View all Indore projects →

ONGOING

📍 2.5 km

SATYAM PALACE

Promoter: SHIV SAGAR REALMART PRIVATE LIMITED

Expected: 2024-12-14Inspect →

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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 HAKIMI VIHAR

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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