MAHANKA/Indore/RERA/SHANGRI-LA PHASE-3

SHANGRI-LA PHASE-3ONGOING

★Are you the official developer or sales mandate for SHANGRI-LA PHASE-3?
Data Provenance
Registration No
—FACT
Project Name
SHANGRI-LA PHASE-3FACT
Status
ONGOINGFACT
Promoter
SARTHAK INNOVATIONS PRIVATE LIMITEDFACT
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
SHANGRI-LA PHASE-3
Registration NumberFACT
Not published
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
Land Owned by Promoter Company
Estimated Land CostFACT
₹14.03 Lakh
Estimated Construction CostFACT
₹190 Lakh
Construction Cost / UnitDERIVED
₹7.92 Lakh
Across 24 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

24Total Units
SOLD UNITSFACT
0 (0%)
REMAINING UNITSFACT
24 (100%)
ABSORPTION RATEDERIVED
0%

Mahanka inventory observation: The statutory registry records 24 registered units, with 0 sold and 24 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
Residential UnitsOther24—24—

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

TIMELINE NOT ASSESSED
Proposed StartFACT
2023-03-01
Proposed CompletionFACT
—
Project AgeDERIVED
1278 days
Days to CompletionDERIVED
—

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Indore
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
Land Khasra no. 173/20 (Part), Admeasuring 0.436 Hectares Net Land Planning Area (out of total planning area of 5.0368 hect), at Village Talawalichanda, Tehsil and District Indore (MP)
Matched LocalityMATCHED
UNMATCHED
Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
SARTHAK INNOVATIONS PRIVATE LIMITED
Entity TypeFACT
Company
SARTHAK INNOVATIONS PRIVATE LIMITED3 Total Indexed Projects
COMPLETED0
ONGOING3
EXTENDED0
OVERDUE2
Portfolio Absorption: 84.11% across 151 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 PassedNO
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

28 categorized public files

OTHER(17)
  • 📄 Project document
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Encumbrances On Land
  • 📄 Colonisers License
  • 📄 Schedule E
  • 📄 Schedule A
  • 📄 Common Area Facilities
  • 📄 Schedule D
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Schedule B
  • 📄 Agent Details
  • 📄 Schedule C3
  • 📄 Schedule C2
  • 📄 Schedule F (Draft Brochure)
FINANCIAL(1)
  • 📄 Engineer's Certificate
ALLOTMENT(1)
  • 📄 Draft Agreement
APPROVAL(5)
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
  • 📄 Building Permission Authority
  • 📄 Approval Town Country Planning
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
REGISTRATION(2)
  • 📄 Affidavit
  • 📄 Affidavit Cum Declaration
BUILDING_PLAN(1)
  • 📄 Sanction Building Plan

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

  • NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

75%Completeness Index
promoterPRESENT
timelinePARTIAL
documentsPRESENT
inventoryPRESENT
project locationPRESENT
registration numberMISSING
Formula Version: 1.0.0
Audit Timestamp: 2026-08-15T20:35:02.183Z
  • Registration number is missing from the RERA source listing.
  • Locality is UNMATCHED: no verified spatial or text match in official gazette.
  • 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 SHANGRI-LA PHASE-3.

View all Indore projects →
ONGOING
📍 2.5 km

IRIS NEST BY BRG

Promoter: SARTHAK INNOVATIONS PRIVATE LIMITED

Expected: 2022-06-30Inspect →
ONGOING
📍 2.5 km

BRG SHANGRILA - EWS BUILDING

Promoter: SARTHAK INNOVATIONS PRIVATE LIMITED

Expected: 2019-12-31Inspect →

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

28 indexed documents
Latest QPR
No QPR found in indexed source
Not found in indexed source
Latest APR
No APR found in indexed source
Not found in indexed source
Completion certificate
No certificate found in indexed source
Not found in indexed source

Freshness measures the age of Mahanka’s source capture. It does not certify statutory compliance or confirm that a filing was accepted by the authority.

Buyer due-diligence checklist

A source-led review path for this project.

!RERA registration numberReviewRegistration number is not present in the indexed record.
✓Promoter identityFoundSARTHAK INNOVATIONS PRIVATE LIMITED
!Proposed completion dateReviewCompletion date is not present in the indexed record.
!Latest QPRReviewNo QPR was found in the indexed source.
!Latest APRReviewNo APR was found in the indexed source.
!Completion certificateReviewNo completion or occupancy certificate was found in the indexed source.
!Timeline changesReview1 source changes are visible in the project timeline.
✓Project statusFoundONGOING

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →
Registered projects
3
Completed
0
Extensions / delays
0
Cities represented
1
IRIS NEST BY BRGONGOINGBRG SHANGRILA - EWS BUILDINGONGOINGSHANGRI-LA PHASE-3ONGOING

MP RERA authority contact

Role-based public contact for source verification and statutory queries.

Verify before relying
Real Estate Regulatory Authority, Madhya Pradesh

Rera Bhavan, Arera Hills, Main Road No. 1, Bhopal 462011

Phone: 0755-2556760 · 0755-2557955
Email: secretaryrera@mp.gov.in
Portal: Official website ↗
Last verified: 29 Aug 2026Published MP RERA record ↗
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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 SHANGRI-LA PHASE-3

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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