Is SCHEME NO. 59 COMMERCIAL PHASE- III in Indore registered with MP RERA?

Yes, SCHEME NO. 59 COMMERCIAL PHASE- III is an official MP RERA registered project (Registration No: P-IND-20-2531). The project is promoted by INDORE DEVELOPMENT AUTHORITY and is currently marked as ONGOING.

Who is the developer of SCHEME NO. 59 COMMERCIAL PHASE- III?

SCHEME NO. 59 COMMERCIAL PHASE- III is developed by INDORE DEVELOPMENT AUTHORITY, an active real estate promoter in Indore, Madhya Pradesh.

SCHEME NO. 59 COMMERCIAL PHASE- III | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SCHEME NO. 59 COMMERCIAL PHASE- III?

Data Provenance

Registration No

P-IND-20-2531FACT

Project Name

SCHEME NO. 59 COMMERCIAL PHASE- IIIFACT

Status

ONGOINGFACT

Promoter

INDORE DEVELOPMENT AUTHORITYFACT

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

SCHEME NO. 59 COMMERCIAL PHASE- III

Registration NumberFACT

P-IND-20-2531

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

Indore Development Authority

Estimated Land CostFACT

₹0.42 Lakh

Estimated Construction CostFACT

₹132.63 Lakh

Construction Cost / UnitDERIVED

₹7.37 Lakh

Across 18 registered units

Postal PincodeFACT

452014

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

18Total Units

SOLD UNITSFACT

0 (0%)

REMAINING UNITSFACT

18 (100%)

ABSORPTION RATEDERIVED

Mahanka inventory observation: The statutory registry records 18 registered units, with 0 sold and 18 remaining.

Unit Category	Group	Total Units	Remaining	Absorption
90.90	Plot	3	3	0%
88.20	Plot	4	4	0%
187.01	Plot	2	2	0%
81.90	Plot	6	6	0%
181.50	Plot	2	2	0%
116.50	Plot	1	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2019-10-01

Proposed CompletionFACT

2022-09-30

Project AgeDERIVED

2523 days

Days OverdueDERIVED

1428 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Scheme No. 59, Tejpur Gadbadi , Indore PIN-452014

Matched LocalityMATCHED

Tejpur Gadbadi

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

INDORE DEVELOPMENT AUTHORITY

Entity TypeFACT

Government/Semi Government Agency

INDORE DEVELOPMENT AUTHORITY16 Total Indexed Projects

COMPLETED4

ONGOING12

EXTENDED0

OVERDUE10

Portfolio Absorption: 15.72% across 2,080 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 ProjectFLAGGED

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

167 categorized public files

OTHER(15)

APPROVAL(4)

REGISTRATION(2)

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

FINANCIAL(1)

📄 Engineer's Certificate

PHOTOGRAPH(56)

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: 2026-08-15T20:45:46.401Z

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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