Is NRK PALMFIELD in Indore registered with MP RERA?

Yes, NRK PALMFIELD is an official MP RERA registered project (Registration No: P-OTH-23-3912). The project is promoted by AASHNA VENTURES and is currently marked as ONGOING.

Who is the developer of NRK PALMFIELD?

NRK PALMFIELD is developed by AASHNA VENTURES, an active real estate promoter in Indore, Madhya Pradesh.

NRK PALMFIELD | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for NRK PALMFIELD?

Data Provenance

Registration No

P-OTH-23-3912FACT

Project Name

NRK PALMFIELDFACT

Status

ONGOINGFACT

Promoter

AASHNA VENTURESFACT

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

NRK PALMFIELD

Registration NumberFACT

P-OTH-23-3912

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

Other

Land OwnershipFACT

Aashna Ventures

Estimated Land CostFACT

₹3,256.88 Lakh

Estimated Construction CostFACT

₹526 Lakh

Construction Cost / UnitDERIVED

₹4.02 Lakh

Across 131 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

131Total Units

SOLD UNITSFACT

120 (91.6%)

REMAINING UNITSFACT

11 (8.4%)

ABSORPTION RATEDERIVED

91.6%

Mahanka inventory observation: The statutory registry records 131 registered units, with 120 sold and 11 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential plots	Plot	121	120	1	99.17%
Residential plots-2	Plot	1	0	1	0%
commercial plot	Plot	9	0	9	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

ON SCHEDULE

Proposed StartFACT

2022-10-01

Proposed CompletionFACT

2026-10-01

Project AgeDERIVED

1427 days

Days to CompletionDERIVED

34 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. 866/1, 866/2, 866/3, 867, 869/2, 871/1, 871/2, 884/2/2 at Kanadia in Tehsil Kanadiya & District Indore.

Matched LocalityMATCHED

Kanadiya

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

AASHNA VENTURES

Entity TypeFACT

Partnership Firm / LLP

AASHNA VENTURES4 Total Indexed Projects

COMPLETED1

ONGOING3

EXTENDED0

OVERDUE0

Portfolio Absorption: 73.71% across 213 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹9,000 / sqm

Multi-Story ResidentialMATCHED

₹12,000 / sqm

Commercial OfficeMATCHED

₹28,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Kanadiya

20 Peers in LocalityAvg Peer Absorption: 47%

Project	Promoter	Status	Units	Absorption	Completion
ARCADIA	nilesh-shri-vyas	ONGOING	—	—	—
EXOTIC AVENUE	ritu-singal	COMPLETED	43	0%	2023-10-31
SANMAN CITY	city-sanman	ONGOING	108	0%	—
ARIHANT KETKAR REGENCY	arihant-ketkar	ONGOING	28	0%	—
KG WOODLAND	gurukripa	ONGOING	—	—	—
SKYE SERENE	earth-skye	ONGOING	—	—	—
THE GRAND VIRASAT C	built-real-sarthak-vinayak	ONGOING	—	—	—
GREENFIELD PALM BY OYSTER	oyster	ONGOING	—	—	—

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

112 categorized public files

APPROVAL(4)

REGISTRATION(2)

FINANCIAL(2)

ALLOTMENT(1)

📄 Draft Agreement

OTHER(38)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(32)

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: 2026-08-15T20:40:04.825Z

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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