Is SHANTI PALM in Indore registered with MP RERA?

Yes, SHANTI PALM is an official MP RERA registered project (Registration No: P-IND-22-3447). The project is promoted by RADHIKA DEVCON PRIVATE LIMITED and is currently marked as ONGOING.

Who is the developer of SHANTI PALM?

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

SHANTI PALM | MP RERA Project Intelligence & Guideline Benchmark

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

Data Provenance

Registration No

P-IND-22-3447FACT

Project Name

SHANTI PALMFACT

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 PALM

Registration NumberFACT

P-IND-22-3447

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

Radhika Devcon Private Limited

Estimated Land CostFACT

—

Estimated Construction CostFACT

—

Construction Cost / UnitDERIVED

—

Across 202 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

202Total Units

SOLD UNITSFACT

150 (74.26%)

REMAINING UNITSFACT

52 (25.74%)

ABSORPTION RATEDERIVED

74.26%

Mahanka inventory observation: The statutory registry records 202 registered units, with 150 sold and 52 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential Plots	Plot	172	134	38	77.91%
EWS Plots	Plot	12	2	10	16.67%
LIG Plots	Plot	8	6	2	75%
Commercial Plots 1	Plot	10	8	2	80%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-03-01

Proposed CompletionFACT

2026-03-01

Project AgeDERIVED

1643 days

Days OverdueDERIVED

182 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

2718/3/1, 2718/3/2, 2718/3/4, 2718/3/ख, 2721/4/1, 2721/4/2, 2721/4/4, 2721/4 (peki), 2722/3/2 (peki), 2722/3/3, 2722/3/4, 2722/3/6. Village Datoda, Tehsil mhow, District: - Indore

Matched LocalityMATCHED

Datoda

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'datoda' equals locality 'Datoda'

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

₹2,500 / sqm

Multi-Story ResidentialMATCHED

₹0 / sqm

Commercial OfficeMATCHED

₹13,300 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Datoda

15 Peers in LocalityAvg Peer Absorption: 39%

Project	Promoter	Status	Units	Absorption	Completion
SAI PRIME BUILDCON PHASE-4	anand-kumar-tikariya	ONGOING	—	—	2022-01-31
SHANTI PALM III	devcon-radhika	ONGOING	—	—	—
DWARIKA BY TRISHA	enterprises-trisha	ONGOING	338	0%	—
KRISHNA NIKETAN	krishna-shri	ONGOING	—	—	—
SAAKAR REAL LIFE PHASE-II	saakar	ONGOING	371	94.34%	2024-07-26
GURUKRIPA RESIDENCY	ajay-narottam	ONGOING	108	15.74%	2018-12-31
PRESTIGE 5	vatsalay	ONGOING	468	2.78%	2021-02-14
SHREE SAWARIYA DHAM	shree-shubh	ONGOING	183	0%	2023-06-05

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

355 categorized public files

FINANCIAL(1)

📄 Engineer's Certificate

OTHER(17)

APPROVAL(4)

REGISTRATION(1)

📄 Affidavit Cum Declaration

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(55)

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: 2026-08-15T20:39:08.716Z

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 SHANTI PALM.

View all Indore projects →

ONGOING

📍 2.5 km