Is IRIS NEST BY BRG in Indore registered with MP RERA?

Yes, IRIS NEST BY BRG is an official MP RERA registered project (Registration No: P-IND-19-2301). The project is promoted by SARTHAK INNOVATIONS PRIVATE LIMITED and is currently marked as ONGOING.

Who is the developer of IRIS NEST BY BRG?

IRIS NEST BY BRG is developed by SARTHAK INNOVATIONS PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

IRIS NEST BY BRG MP RERA Registration & Project Record

★Are you the official developer or sales mandate for IRIS NEST BY BRG?

Data Provenance

Registration No

P-IND-19-2301FACT

Project Name

IRIS NEST BY BRGFACT

Status

ONGOINGFACT

Promoter

SARTHAK INNOVATIONS 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

IRIS NEST BY BRG

Registration NumberFACT

P-IND-19-2301

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

Land Owned By Promoter

Estimated Land CostFACT

₹32.58 Lakh

Estimated Construction CostFACT

₹180.41 Lakh

Construction Cost / UnitDERIVED

₹2.47 Lakh

Across 73 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

73Total Units

SOLD UNITSFACT

73 (100%)

REMAINING UNITSFACT

0 (0%)

ABSORPTION RATEDERIVED

100%

Mahanka inventory observation: The statutory registry records 73 registered units, with 73 sold and 0 remaining.

Unit Category	Group	Total Units	Sold	Absorption
1735 SQ FT	Plot	1	1	100%
1817 SQ FT	Plot	1	1	100%
1975 SQ FT	Plot	1	1	100%
21 * 38	Plot	11	11	100%
21 * 45	Plot	9	9	100%
21 * 50	Plot	33	33	100%
610 SQ FT	Plot	1	1	100%
670 SQ FT	Plot	1	1	100%
803 SQ FT	Plot	1	1	100%
930 SQ FT	Plot	1	1	100%
975 SQ FT	Plot	1	1	100%
991 SQ FT	Plot	1	1	100%
1045 SQ FT	Plot	1	1	100%
1125 SQ FT	Plot	1	1	100%
1139 SQ FT	Plot	1	1	100%
1177 SQ FT	Plot	1	1	100%
1216 SQ FT	Plot	1	1	100%
1272 SQ FT	Plot	1	1	100%
1298 SQ FT	Plot	2	2	100%
1300 SQ FT	Plot	1	1	100%
1388 SQ FT	Plot	1	1	100%
1599 SQ FT	Plot	1	1	100%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2019-07-01

Proposed CompletionFACT

2022-06-30

Project AgeDERIVED

2617 days

Days OverdueDERIVED

1522 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. 171/20 (part) & 234/22 (part) total 2.864 Acre, Situated at Village Talawali Chanda Teh. and Dist. Indore (MP)

Matched LocalityMATCHED

Punchwati Se Talawali Gramo Ki Sima Tak A.b. Road Par

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SARTHAK INNOVATIONS PRIVATE LIMITED

Entity TypeFACT

Company

SARTHAK INNOVATIONS PRIVATE LIMITED3 Total Indexed Projects

COMPLETED0

ONGOING3

EXTENDED0

OVERDUE2

Portfolio Absorption: 84.11% across 151 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

518 categorized public files

REGISTRATION(1)

📄 Affidavit Cum Declaration

FINANCIAL(1)

📄 Engineer's Certificate

APPROVAL(3)

ALLOTMENT(1)

📄 Draft Agreement

OTHER(5)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(68)

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: 2026-08-15T20:37:28.920Z

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 IRIS NEST BY BRG.

View all Indore projects →

ONGOING

📍 2.5 km

BRG SHANGRILA - EWS BUILDING

Promoter: SARTHAK INNOVATIONS PRIVATE LIMITED

Expected: 2019-12-31Inspect →

ONGOING

📍 2.5 km

SHANGRI-LA PHASE-3

Promoter: SARTHAK INNOVATIONS PRIVATE LIMITED

RERA ActiveInspect →

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

80 indexed documents

Latest QPR

No QPR found in indexed source

Not found in indexed source

Latest APR

Apr 2026 - Jun 2026

Fresh source capture14 days since source capture

Open 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-19-2301

Promoter identityFoundSARTHAK INNOVATIONS PRIVATE LIMITED

Proposed completion dateFound2022-06-30

Latest QPRReviewNo QPR was found in the indexed source.

Latest APRFoundApr 2026 - Jun 2026 · 14 days since source capture

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

Completed

Extensions / delays

Cities represented

IRIS NEST BY BRGONGOING BRG SHANGRILA - EWS BUILDINGONGOING SHANGRI-LA PHASE-3ONGOING

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

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 IRIS NEST BY BRG

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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