Is SHANTI PALM 1 in Indore registered with MP RERA?

Yes, SHANTI PALM 1 is an official MP RERA registered project (Registration No: P-OTH-23-4178). The project is promoted by RADHIKA DEVCON PRIVATE LIMITED and is currently marked as EXTENDED.

Who is the developer of SHANTI PALM 1?

SHANTI PALM 1 is developed by RADHIKA DEVCON PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

SHANTI PALM 1 | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SHANTI PALM 1?

Data Provenance

Registration No

P-OTH-23-4178FACT

Project Name

SHANTI PALM 1FACT

Status

EXTENDEDFACT

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 1

Registration NumberFACT

P-OTH-23-4178

Project StatusFACT

EXTENDED

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

Other

Land OwnershipFACT

Radhika Devcon Private Limited

Estimated Land CostFACT

₹7.51 Lakh

Estimated Construction CostFACT

₹141 Lakh

Construction Cost / UnitDERIVED

₹1.96 Lakh

Across 72 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

72Total Units

SOLD UNITSFACT

40 (55.56%)

REMAINING UNITSFACT

32 (44.44%)

ABSORPTION RATEDERIVED

55.56%

Mahanka inventory observation: The statutory registry records 72 registered units, with 40 sold and 32 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential Plots	Plot	50	32	18	64%
EWS Plots	Plot	6	1	5	16.67%
LIG Plots	Plot	4	0	4	0%
Commercial Plots 1	Plot	12	7	5	58.33%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

EXTENDED

Proposed StartFACT

2023-03-15

Proposed CompletionFACT

2025-09-13

Project AgeDERIVED

1262 days

Days OverdueDERIVED

349 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

khasra no. 2729/2 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: 41%

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 PassedNO

Formally Extended by AuthorityYES

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

278 categorized public files

FINANCIAL(1)

📄 Engineer's Certificate

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

OTHER(17)

APPROVAL(4)

REGISTRATION(2)

ALLOTMENT(1)

📄 Draft Agreement

PHOTOGRAPH(54)

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: 2026-08-15T20:40:30.202Z

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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