Is SHANTI GREEN in Indore registered with MP RERA?

Yes, SHANTI GREEN is an official MP RERA registered project (Registration No: P-IND-22-3210). The project is promoted by RADHIKA DEVCON PRIVATE LIMITED and is currently marked as ONGOING.

Who is the developer of SHANTI GREEN?

SHANTI GREEN is developed by RADHIKA DEVCON PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

SHANTI GREEN | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SHANTI GREEN?

Data Provenance

Registration No

P-IND-22-3210FACT

Project Name

SHANTI GREENFACT

Status

ONGOINGFACT

Promoter

RADHIKA DEVCON 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

SHANTI GREEN

Registration NumberFACT

P-IND-22-3210

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 Radhika Devcon Private Limited

Estimated Land CostFACT

₹6.47 Lakh

Estimated Construction CostFACT

₹377.46 Lakh

Construction Cost / UnitDERIVED

₹4.02 Lakh

Across 94 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

94Total Units

SOLD UNITSFACT

94 (100%)

REMAINING UNITSFACT

0 (0%)

ABSORPTION RATEDERIVED

100%

Mahanka inventory observation: The statutory registry records 94 registered units, with 94 sold and 0 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Block-A	Apartment	58	58	0	100%
Block-B	Plot	36	36	0	100%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2021-08-15

Proposed CompletionFACT

2025-08-15

Project AgeDERIVED

1839 days

Days OverdueDERIVED

378 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Plot Number M-2, Galaxy Park Gram Asrawad Kurd, Tehsil and District-Indore (M.P.)

Matched LocalityMATCHED

Galaxy

Tier: STRONG (86% conf.)

Match Evidence: Locality 'Galaxy' in address/title with district indore

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

RADHIKA DEVCON PRIVATE LIMITED

Entity TypeFACT

Company

RADHIKA DEVCON PRIVATE LIMITED11 Total Indexed Projects

COMPLETED0

ONGOING10

EXTENDED1

OVERDUE5

Portfolio Absorption: 56.19% across 986 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹22,000 / sqm

Multi-Story ResidentialMATCHED

₹22,680 / sqm

Commercial OfficeMATCHED

₹37,200 / sqm

Guideline rates are source-linked from MPIGR FY 2026–27 Statutory Gazette for Galaxy (Match Tier: STRONG).

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Galaxy

7 Peers in LocalityAvg Peer Absorption: 59%

Project	Promoter	Status	Units	Absorption	Completion
SARTHAK GALAXY- III	sarthak	ONGOING	—	—	—
UTKARSH TERRACE	brothers-chordia-contractors	ONGOING	42	0%	—
GALAXY HOME	apsara	ONGOING	135	168.89%	2020-06-01
GALAXY CORRIDOR	estate-paryav-real	COMPLETED	177	71.19%	2025-02-28
SARTHAK GALAXY 2 PHASE-2	estate-sarthak	ONGOING	132	43.94%	2023-11-26
UTKARSH TERRACE	brothers-chordia-contractors	ONGOING	42	11.9%	2025-02-21
GALAXY ENCLAVE	l-t-developers	ONGOING	—	—	2026-12-31

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

392 categorized public files

APPROVAL(5)

REGISTRATION(2)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

OTHER(17)

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

BUILDING_PLAN(1)

📄 Sanction Building Plan

PHOTOGRAPH(52)

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: 2026-08-15T20:33:53.912Z

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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