Is PRATHAM PARK in Indore registered with MP RERA?

Yes, PRATHAM PARK is an official MP RERA registered project (Registration No: P-IND-23-4001). The project is promoted by SUBHRAJ DEVELOPERS LLP and is currently marked as ONGOING.

Who is the developer of PRATHAM PARK?

PRATHAM PARK is developed by SUBHRAJ DEVELOPERS LLP, an active real estate promoter in Indore, Madhya Pradesh.

PRATHAM PARK | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for PRATHAM PARK?

Data Provenance

Registration No

P-IND-23-4001FACT

Project Name

PRATHAM PARKFACT

Status

ONGOINGFACT

Promoter

SUBHRAJ DEVELOPERS LLPFACT

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

PRATHAM PARK

Registration NumberFACT

P-IND-23-4001

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

₹394.91 Lakh

Estimated Construction CostFACT

₹632.83 Lakh

Construction Cost / UnitDERIVED

₹1.44 Lakh

Across 440 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

440Total Units

SOLD UNITSFACT

216 (49.09%)

REMAINING UNITSFACT

224 (50.91%)

ABSORPTION RATEDERIVED

49.09%

Mahanka inventory observation: The statutory registry records 440 registered units, with 216 sold and 224 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential	Plot	78	29	49	37.18%
Residential-2	Plot	165	110	55	66.67%
Residential-3	Plot	19	0	19	0%
Residential-4	Plot	68	31	37	45.59%
Residential-5	Plot	46	18	28	39.13%
EWS	Plot	24	19	5	79.17%
LIG	Plot	13	9	4	69.23%
Shops Area	Plot	6	0	6	0%
Shops cum residential	Plot	21	0	21	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2023-01-01

Proposed CompletionFACT

2025-11-23

Project AgeDERIVED

1335 days

Days OverdueDERIVED

278 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Survey No. 2/1, 2/2, 278/2/1, 278/2/2/2 at village Magarkheda, Tehsil Malharganj, Indore, M.P.

Matched LocalityMATCHED

Malharganj

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SUBHRAJ DEVELOPERS LLP

Entity TypeFACT

Partnership Firm / LLP

SUBHRAJ DEVELOPERS LLP4 Total Indexed Projects

COMPLETED0

ONGOING4

EXTENDED0

OVERDUE3

Portfolio Absorption: 52.9% across 1,429 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹50,000 / sqm

Multi-Story ResidentialMATCHED

₹25,000 / sqm

Commercial OfficeMATCHED

₹73,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Malharganj

20 Peers in LocalityAvg Peer Absorption: 0%

Project	Promoter	Status	Units	Absorption	Completion
R.R. GULAB CITY	accrual-realities	ONGOING	—	—	—
TATTVAM HEIGHTS PHASE 3	l-g-developers	ONGOING	—	—	—
LANDMARK AEROCITY	infraprojects-jmg	ONGOING	—	—	—
NAKSHTRA GREENS	chawda-estate-real	ONGOING	—	—	—
ADITYA GOVINDAM	buildcon-bvg	ONGOING	—	—	—
BUILDWELL IMPERIA	buildwell-ventures	ONGOING	—	—	—
DREAM GHAR	falodi-infraestate-paras	ONGOING	—	—	—
PREMIUM-HI-LINK-GREENS PARTH	indra-prem-residency	ONGOING	248	0%	2025-12-31

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 YearsNO

Each marker represents an independent observable signal from public filings. Mahanka does not aggregate these into a speculative score.

10. Indexed Statutory DocumentsFACT

146 categorized public files

OTHER(27)

APPROVAL(4)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(44)

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: 2026-08-15T20:40:10.349Z

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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