Is SHREE BALAJI VIHAR-2 in Indore registered with MP RERA?

Yes, SHREE BALAJI VIHAR-2 is an official MP RERA registered project (Registration No: P-MHW-22-3627). The project is promoted by SHREE DEVELOPERS and is currently marked as ONGOING.

Who is the developer of SHREE BALAJI VIHAR-2?

SHREE BALAJI VIHAR-2 is developed by SHREE DEVELOPERS, an active real estate promoter in Indore, Madhya Pradesh.

SHREE BALAJI VIHAR-2 | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SHREE BALAJI VIHAR-2?

Data Provenance

Registration No

P-MHW-22-3627FACT

Project Name

SHREE BALAJI VIHAR-2FACT

Status

ONGOINGFACT

Promoter

SHREE DEVELOPERSFACT

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

SHREE BALAJI VIHAR-2

Registration NumberFACT

P-MHW-22-3627

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

Dr. Ambedkar Nagar (Mhow)

Land OwnershipFACT

Shree developers & Jugal Kishore & Jeevan singh Gulab rajora

Estimated Land CostFACT

₹340.31 Lakh

Estimated Construction CostFACT

₹320 Lakh

Construction Cost / UnitDERIVED

₹6.27 Lakh

Across 51 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

51Total Units

SOLD UNITSFACT

48 (94.12%)

REMAINING UNITSFACT

3 (5.88%)

ABSORPTION RATEDERIVED

94.12%

Mahanka inventory observation: The statutory registry records 51 registered units, with 48 sold and 3 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Row houses	Individual house	36	36	0	100%
Row Houses	Individual house	14	12	2	85.71%
0	Garage/Parking	1	0	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-06-01

Proposed CompletionFACT

2025-04-29

Project AgeDERIVED

1549 days

Days OverdueDERIVED

486 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

Survey No. 41/1, 42/2/1, 42/2/2, 43 at village Borkhedi, Tehsil Mhow & District Indore.

Matched LocalityMATCHED

Borkhedi

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'borkhedi' equals locality 'Borkhedi'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SHREE DEVELOPERS

Entity TypeFACT

Proprietorship Firm

SHREE INFRASTRUCTURE DEVELOPERS9 Total Indexed Projects

COMPLETED2

ONGOING7

EXTENDED0

OVERDUE7

Portfolio Absorption: 58.68% across 2,205 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹1,500 / sqm

Multi-Story ResidentialMATCHED

₹0 / sqm

Commercial OfficeMATCHED

₹11,600 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Borkhedi

13 Peers in LocalityAvg Peer Absorption: 35%

Project	Promoter	Status	Units	Absorption	Completion
ANANDPURAM COLONY	gv	ONGOING	171	0%	2023-12-08
GREEN AASHIYANA RESIDENCY	aashiyana-shagun	ONGOING	218	0%	—
DREAM TOWN	aashiyana-shagun	ONGOING	279	0%	—
DHAROHAR RESIDENCY	aashiyana-shagun	ONGOING	181	23.2%	2022-06-30
BALAJI RESIDENCY	balaji	COMPLETED	178	79.21%	2023-10-01
SHREE BALAJI VIHAR	shree	ONGOING	302	63.91%	2023-08-31
SHREE VINAYAK GREENS	associates-poorva	ONGOING	344	63.08%	2025-08-23
RAMESHWAR DHAM	nathji-shree	ONGOING	208	57.21%	2025-04-26

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

343 categorized public files

FINANCIAL(1)

📄 Engineer's Certificate

OTHER(22)

APPROVAL(5)

REGISTRATION(1)

📄 Affidavit Cum Declaration

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

BUILDING_PLAN(2)

PHOTOGRAPH(47)

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: 2026-08-15T20:39:28.661Z

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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