Is METRO CITY in Indore registered with MP RERA?

Yes, METRO CITY is an official MP RERA registered project (Registration No: P-IND-22-3104). The project is promoted by ASHOKA BUILDCON LIMITED and is currently marked as COMPLETED.

Who is the developer of METRO CITY?

METRO CITY is developed by ASHOKA BUILDCON LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

METRO CITY | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for METRO CITY?

Data Provenance

Registration No

P-IND-22-3104FACT

Project Name

METRO CITYFACT

Status

COMPLETEDFACT

Promoter

ASHOKA BUILDCON 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

METRO CITY

Registration NumberFACT

P-IND-22-3104

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

Land Owned by Promoter Company M/s Ashoka Buildcon Ltd

Estimated Land CostFACT

₹75.6 Lakh

Estimated Construction CostFACT

₹200 Lakh

Construction Cost / UnitDERIVED

₹2.56 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

55 (70.51%)

REMAINING UNITSFACT

23 (29.49%)

ABSORPTION RATEDERIVED

70.51%

Mahanka inventory observation: The statutory registry records 78 registered units, with 55 sold and 23 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential Plots	Plot	76	53	23	69.74%
Shop Cum Residential Plots	Plot	2	2	0	100%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETED

Proposed StartFACT

2021-10-07

Proposed CompletionFACT

2024-09-30

Project AgeDERIVED

1786 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

Land Khasra no. 417/1/1, 417/1/2/1, 417/1/2/2, 417/1/3/1, 417/1/3/2, 417/1/4, 417/1/5, 417/1/6/1/1, and 417/1/6/1/2 admeasuring 1.400 Hct (Land Area), at Village Musakhedi, Tehsil and District Indore (MP)

Matched LocalityMATCHED

Metro City

Tier: STRONG (86% conf.)

Match Evidence: Locality 'Metro City' in address/title with district indore

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

ASHOKA BUILDCON LIMITED

Entity TypeFACT

Company

ASHOKA BUILDCON LIMITED1 Total Indexed Projects

COMPLETED1

ONGOING0

EXTENDED0

OVERDUE0

Portfolio Absorption: 70.51% across 78 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹43,000 / sqm

Multi-Story ResidentialMATCHED

₹25,000 / sqm

Commercial OfficeMATCHED

₹78,900 / sqm

Guideline rates are source-linked from MPIGR FY 2026–27 Statutory Gazette for Metro City (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

102 categorized public files

REGISTRATION(2)

APPROVAL(4)

ALLOTMENT(1)

📄 Draft Agreement

OTHER(35)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(36)

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

100%Completeness Index

promoterPRESENT

timelinePRESENT

documentsPRESENT

inventoryPRESENT

project locationPRESENT

registration numberPRESENT

Formula Version: 1.0.0

Audit Timestamp: 2026-08-15T20:38:50.334Z

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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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 METRO CITY

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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