Is RAJ RATAN AVENUE PHASE I in Indore registered with MP RERA?

Yes, RAJ RATAN AVENUE PHASE I is an official MP RERA registered project (Registration No: P-IND-19-2448). The project is promoted by VAIBHAV MAHALAXMI REAL ESTATE and is currently marked as ONGOING.

Who is the developer of RAJ RATAN AVENUE PHASE I?

RAJ RATAN AVENUE PHASE I is developed by VAIBHAV MAHALAXMI REAL ESTATE, an active real estate promoter in Indore, Madhya Pradesh.

RAJ RATAN AVENUE PHASE I | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for RAJ RATAN AVENUE PHASE I?

Data Provenance

Registration No

P-IND-19-2448FACT

Project Name

RAJ RATAN AVENUE PHASE IFACT

Status

ONGOINGFACT

Promoter

VAIBHAV MAHALAXMI REAL ESTATEFACT

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

RAJ RATAN AVENUE PHASE I

Registration NumberFACT

P-IND-19-2448

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

Vaibhav Mahalaxmi Real Estate,Rajeev s/o Suraj Prakash Dhawan,Jeetendra s/o Suraj Prakash Dhawan.

Estimated Land CostFACT

₹19.69 Lakh

Estimated Construction CostFACT

₹250 Lakh

Construction Cost / UnitDERIVED

₹3.85 Lakh

Across 65 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

65Total Units

SOLD UNITSFACT

25 (38.46%)

REMAINING UNITSFACT

40 (61.54%)

ABSORPTION RATEDERIVED

38.46%

Mahanka inventory observation: The statutory registry records 65 registered units, with 25 sold and 40 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential	Plot	65	25	40	38.46%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2018-04-10

Proposed CompletionFACT

2021-04-10

Project AgeDERIVED

3062 days

Days OverdueDERIVED

1966 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Village Khajrana Khasra No.1122,1123,1137/1,1137/2,1124,1136. Tehsil&Dis Indore

Matched LocalityMATCHED

Jakriya Nagar / Gohar Colony / Habeeb Colony / Ishak Nagar / Govind Nagar Khajrana / Garib Nawaz Nagar / Idris Nagar / Ibrahim Nagar / Saiyyad Nagar / Sarafat Nagar

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

VAIBHAV MAHALAXMI REAL ESTATE

Entity TypeFACT

Partnership Firm / LLP

VAIBHAV MAHALAXMI REAL ESTATE1 Total Indexed Projects

COMPLETED0

ONGOING1

EXTENDED0

OVERDUE1

Portfolio Absorption: 38.46% across 65 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

146 categorized public files

OTHER(18)

APPROVAL(3)

REGISTRATION(1)

📄 Affidavit Cum Declaration

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

BUILDING_PLAN(1)

📄 Sanction Building Plan

PHOTOGRAPH(54)

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: 2026-08-15T20:37:41.358Z

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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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 RAJ RATAN AVENUE PHASE I

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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