MAHANKA/Indore/RERA/IRIS ELITE

IRIS ELITEONGOING

★Are you the official developer or sales mandate for IRIS ELITE?
Data Provenance
Registration No
—FACT
Project Name
IRIS ELITEFACT
Status
ONGOINGFACT
Promoter
AADISH VENTURE 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
IRIS ELITE
Registration NumberFACT
Not published
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
Ram Prasad Gattu Choudhary
Estimated Land CostFACT
₹2,269.64 Lakh
Estimated Construction CostFACT
₹346 Lakh
Construction Cost / UnitDERIVED
—
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

—Total Units
SOLD UNITSFACT
— (—)
REMAINING UNITSFACT
— (—)
ABSORPTION RATEDERIVED
—

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

TIMELINE NOT ASSESSED
Proposed StartFACT
2026-03-01
Proposed CompletionFACT
—
Project AgeDERIVED
180 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
Survey no. 72/1/3, 72/2 & 72/3 at village Piplya kumar, Tehsil Indore and District Indore M.P.
Matched LocalityMATCHED
Iris Elite
Tier: STRONG (86% conf.)

Match Evidence: Locality 'Iris Elite' in address/title with district indore

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
AADISH VENTURE PVT. LTD.
Entity TypeFACT
Company
AADISH VENTURE PVT. LTD.8 Total Indexed Projects
COMPLETED5
ONGOING3
EXTENDED0
OVERDUE1
Portfolio Absorption: 71.1% across 616 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED
₹30,000 / sqm
Multi-Story ResidentialMATCHED
₹35,000 / sqm
Commercial OfficeMATCHED
₹55,200 / sqm

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

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

28 categorized public files

ALLOTMENT(1)
  • 📄 Draft Agreement
APPROVAL(4)
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Approval Town Country Planning
  • 📄 Nazul Clearance Case
OTHER(18)
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Encumbrances On Land
  • 📄 Colonisers License
  • 📄 Schedule F (Draft Brochure)
  • 📄 Schedule E
  • 📄 Schedule A
  • 📄 Common Area Facilities
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Other Documents
  • 📄 Schedule B
  • 📄 Development Team Details
  • 📄 Agent Details
  • 📄 Open Parking
  • 📄 Schedule D
  • 📄 Schedule C1
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
REGISTRATION(3)
  • 📄 Affidavit
  • 📄 Affidavit For Dedicated Project Account As Per 42ld
  • 📄 Affidavit Cum Declaration
FINANCIAL(1)
  • 📄 Engineer's Certificate

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

  • NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

58.33%Completeness Index
promoterPRESENT
timelinePARTIAL
documentsPRESENT
inventoryMISSING
project locationPRESENT
registration numberMISSING
Formula Version: 1.0.0
Audit Timestamp: 2026-08-15T20:34:58.238Z
  • Registration number is missing from the RERA source listing.
  • Inventory unit counts were not reported in the RERA project filing.
  • 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 IRIS ELITE.

View all Indore projects →
COMPLETED
📍 2.5 km

IRIS CORRIDOR

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2023-09-30Inspect →
ONGOING
📍 2.5 km

VIRAJ GREENS

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2027-01-24Inspect →
COMPLETED
📍 2.5 km

IRIS PARK PHASE II

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2022-08-18Inspect →
COMPLETED
📍 2.5 km

IRIS PREMIUM

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2023-06-30Inspect →
COMPLETED
📍 2.5 km

IRIS LEAF

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2023-03-31Inspect →
COMPLETED
📍 2.5 km

IRIS PARK - PHASE I

Promoter: AADISH VENTURE PVT. LTD.

Expected: 2019-04-27Inspect →
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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

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for IRIS ELITE

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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