Is RAS CITY PROJECT-1 in Indore registered with MP RERA?

Yes, RAS CITY PROJECT-1 is an official MP RERA registered project (Registration No: P-IND-17-525). The project is promoted by SPACE ENCLAVE PVT LTD and is currently marked as ONGOING.

Who is the developer of RAS CITY PROJECT-1?

RAS CITY PROJECT-1 is developed by SPACE ENCLAVE PVT LTD, an active real estate promoter in Indore, Madhya Pradesh.

RAS CITY PROJECT-1 | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for RAS CITY PROJECT-1?

Data Provenance

Registration No

P-IND-17-525FACT

Project Name

RAS CITY PROJECT-1FACT

Status

ONGOINGFACT

Promoter

SPACE ENCLAVE PVT LTDFACT

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

RAS CITY PROJECT-1

Registration NumberFACT

P-IND-17-525

Project StatusFACT

ONGOING

Project Type (Portal)FACT

Ongoing

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

SPACE ENCLAVE PVT LTD

Estimated Land CostFACT

₹532.67 Lakh

Estimated Construction CostFACT

₹1,152 Lakh

Construction Cost / UnitDERIVED

₹9.22 Lakh

Across 125 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

125Total Units

SOLD UNITSFACT

122 (97.6%)

REMAINING UNITSFACT

3 (2.4%)

ABSORPTION RATEDERIVED

97.6%

Mahanka inventory observation: The statutory registry records 125 registered units, with 122 sold and 3 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
plot	Plot	108	105	3	97.22%
ews & lig	Apartment	17	17	0	100%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2014-12-15

Proposed CompletionFACT

2018-12-31

Project AgeDERIVED

4274 days

Days OverdueDERIVED

2797 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 302/1 & Others Near Mr-10 Overbridge Sukhliya Indore

Matched LocalityMATCHED

Ras City

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SPACE ENCLAVE PVT LTD

Entity TypeFACT

Company

SPACE ENCLAVE PVT LTD2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE2

Portfolio Absorption: 96.92% across 130 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

87 categorized public files

OTHER(38)

APPROVAL(4)

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(33)

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: 2026-08-15T20:35:42.840Z

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 RAS CITY PROJECT-1.

View all Indore projects →

ONGOING

📍 2.5 km

RAS CITY

Promoter: SPACE ENCLAVE PVT LTD

Expected: 2017-12-31Inspect →

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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 RAS CITY PROJECT-1

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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