MAHANKA/Indore/RERA/NEW RACE COURSE GREENS

NEW RACE COURSE GREENSONGOING

★Are you the official developer or sales mandate for NEW RACE COURSE GREENS?
Data Provenance
Registration No
P-IND-25-5617FACT
Project Name
NEW RACE COURSE GREENSFACT
Status
ONGOINGFACT
Promoter
DREAM HOME DEVELOPERSFACT
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
NEW RACE COURSE GREENS
Registration NumberFACT
P-IND-25-5617
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
SELF
Estimated Land CostFACT
₹0.01 Lakh
Estimated Construction CostFACT
₹0.01 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

ON SCHEDULE
Proposed StartFACT
2025-01-02
Proposed CompletionFACT
2028-01-01
Project AgeDERIVED
603 days
Days to CompletionDERIVED
491 days remaining

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Indore
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
Khasra no. 150/2/4/2, 159/1, 160/1, 160/2, 160/3, 161/1/1 & 161/1/2 Village Baroda kara, Tehsil Kandiya, District Indore
Matched LocalityMATCHED
Baroda Sindh *
Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
DREAM HOME DEVELOPERS
Entity TypeFACT
Partnership Firm / LLP
DREAM HOME DEVELOPERS5 Total Indexed Projects
COMPLETED1
ONGOING4
EXTENDED0
OVERDUE3
Portfolio Absorption: 53.58% across 965 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

121 categorized public files

ALLOTMENT(1)
  • 📄 Draft Agreement
OTHER(39)
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
  • 📄 Development Work Plan
  • 📄 Brochure
  • 📄 Colonisers License
APPROVAL(3)
  • 📄 Approval Town Country Planning
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
REGISTRATION(2)
  • 📄 Affidavit Cum Declaration
  • 📄 Affidavit
FINANCIAL(1)
  • 📄 Engineer's Certificate
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
PHOTOGRAPH(33)
  • 📄 Jan 2026 - Mar 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Oct 2025 - Dec 2025
  • 📄 Oct 2025 - Dec 2025
  • 📄 Oct 2025 - Dec 2025

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

  • NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

83.33%Completeness Index
promoterPRESENT
timelinePRESENT
documentsPRESENT
inventoryMISSING
project locationPRESENT
registration numberPRESENT
Formula Version: 1.0.0
Audit Timestamp: 2026-08-15T20:42:29.727Z
  • Inventory unit counts were not reported in the RERA project filing.
  • 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 NEW RACE COURSE GREENS.

View all Indore projects →
ONGOING
📍 2.5 km

SHRI RAM VIHAR

Promoter: THE DREAM HOME DEVELOPERS

Expected: 2025-12-27Inspect →
ONGOING
📍 2.5 km

DREAM HOMES SWASTIK

Promoter: THE DREAM HOME DEVELOPERS

Expected: 2025-04-26Inspect →
COMPLETED
📍 2.5 km

DREAM HOMES

Promoter: THE DREAM HOME DEVELOPERS

Expected: 2023-11-30Inspect →
ONGOING
📍 2.5 km

NEW RACE COURSE

Promoter: DREAM HOME DEVELOPERS

Expected: 2022-09-14Inspect →
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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

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for NEW RACE COURSE GREENS

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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