Is ROYAL PARK in Indore registered with MP RERA?

Yes, ROYAL PARK is an official MP RERA registered project (Registration No: P-IND-23-3920). The project is promoted by MONARCH DEVELOPERS and is currently marked as ONGOING.

Who is the developer of ROYAL PARK?

ROYAL PARK is developed by MONARCH DEVELOPERS, an active real estate promoter in Indore, Madhya Pradesh.

ROYAL PARK | MP RERA Project Intelligence & Guideline Benchmark

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

Data Provenance

Registration No

P-IND-23-3920FACT

Project Name

ROYAL PARKFACT

Status

ONGOINGFACT

Promoter

MONARCH 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

ROYAL PARK

Registration NumberFACT

P-IND-23-3920

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

M/S LAKHWANI MOTELS CO. & Dr. Ramesh S/o M.D. Neekhra, Smt Mohini W/o Dr. Ramesh Neekhra

Estimated Land CostFACT

₹26.93 Lakh

Estimated Construction CostFACT

₹2,100 Lakh

Construction Cost / UnitDERIVED

₹24.42 Lakh

Across 86 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

86Total Units

SOLD UNITSFACT

37 (43.02%)

REMAINING UNITSFACT

49 (56.98%)

ABSORPTION RATEDERIVED

43.02%

Mahanka inventory observation: The statutory registry records 86 registered units, with 37 sold and 49 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Shops	Commercial property	83	37	46	44.58%
Multiplex Audi-1,2,3	Commercial property	1	0	1	0%
Multipurpose Hall	Commercial property	2	0	2	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-02-15

Proposed CompletionFACT

2024-05-31

Project AgeDERIVED

1655 days

Days OverdueDERIVED

819 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Kh. No. 288/1/1, 288/1/3, 288/1/4, 288/1/5, 288/1/6, 289/1/1 Village Rau Teh. & Dist Indore (M.P)

Matched LocalityMATCHED

Gram Rau

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

MONARCH DEVELOPERS

Entity TypeFACT

Partnership Firm / LLP

MONARCH DEVELOPERS2 Total Indexed Projects

COMPLETED0

ONGOING2

EXTENDED0

OVERDUE2

Portfolio Absorption: 48.65% across 111 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 YearsNO

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

10. Indexed Statutory DocumentsFACT

221 categorized public files

FINANCIAL(1)

📄 Engineer's Certificate

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

APPROVAL(6)

OTHER(51)

REGISTRATION(2)

ALLOTMENT(1)

📄 Draft Agreement

BUILDING_PLAN(2)

PHOTOGRAPH(16)

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: 2026-08-15T20:44:24.463Z

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 ROYAL PARK.

View all Indore projects →

ONGOING

📍 2.5 km

MONARCH OASIS

Promoter: MONARCH DEVELOPERS

Expected: 2019-03-31Inspect →

Loading map...

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

Explore all registered developments, townships, and commercial hubs in Indore.

← Back to Indore RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for ROYAL PARK

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)

🏛️

Direct Institutional Mortgage Matching

Underwritten through sovereign & top-tier private lenders. Best client-first terms guaranteed.