MAHANKA/Indore/RERA/SKY CITY-4 PHASE-1

SKY CITY-4 PHASE-1COMPLETED

★Are you the official developer or sales mandate for SKY CITY-4 PHASE-1?
Data Provenance
Registration No
P-IND-23-3893FACT
Project Name
SKY CITY-4 PHASE-1FACT
Status
COMPLETEDFACT
Promoter
CHAWDA BUILDERSFACT
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
SKY CITY-4 PHASE-1
Registration NumberFACT
P-IND-23-3893
Project StatusFACT
COMPLETED
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
Chawda Builders
Estimated Land CostFACT
₹148.31 Lakh
Estimated Construction CostFACT
₹60 Lakh
Construction Cost / UnitDERIVED
₹1 Lakh
Across 60 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

60Total Units
SOLD UNITSFACT
0 (0%)
REMAINING UNITSFACT
60 (100%)
ABSORPTION RATEDERIVED
0%

Mahanka inventory observation: The statutory registry records 60 registered units, with 0 sold and 60 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
GeneralPlot340340%
General-2Plot6060%
EWSPlot120120%
LIGPlot8080%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETED
Proposed StartFACT
2021-01-01
Proposed CompletionFACT
2023-03-05
Project AgeDERIVED
2067 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
Survey no. 72/1 and 82/1 at Village Bada Bangarda, Tehsil Malharganj & District Indore.
Matched LocalityMATCHED
Malharganj
Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
CHAWDA BUILDERS
Entity TypeFACT
Partnership Firm / LLP
CHAWDA BUILDERS3 Total Indexed Projects
COMPLETED2
ONGOING1
EXTENDED0
OVERDUE0
Portfolio Absorption: 0% across 304 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED
₹50,000 / sqm
Multi-Story ResidentialMATCHED
₹25,000 / sqm
Commercial OfficeMATCHED
₹73,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Malharganj

20 Peers in LocalityAvg Peer Absorption: 0%
ProjectPromoterStatusUnitsAbsorptionCompletion
R.R. GULAB CITYaccrual-realitiesONGOING———
TATTVAM HEIGHTS PHASE 3l-g-developersONGOING———
LANDMARK AEROCITYinfraprojects-jmgONGOING———
NAKSHTRA GREENSchawda-estate-realONGOING———
ADITYA GOVINDAMbuildcon-bvgONGOING———
BUILDWELL IMPERIAbuildwell-venturesONGOING———
DREAM GHARfalodi-infraestate-parasONGOING———
PREMIUM-HI-LINK-GREENS PARTHindra-prem-residencyONGOING2480%2025-12-31

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

52 categorized public files

APPROVAL(4)
  • 📄 Approval Town Country Planning
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
REGISTRATION(2)
  • 📄 Affidavit Cum Declaration
  • 📄 Affidavit
ALLOTMENT(1)
  • 📄 Draft Agreement
OTHER(27)
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Encumbrances On Land
  • 📄 Brochure
  • 📄 Colonisers License
  • 📄 Common Area Facilities
  • 📄 Development Team Details
  • 📄 Agent Details
  • 📄 Open Parking
  • 📄 Project Specifications
  • 📄 Schedule F (Draft Brochure)
  • 📄 Schedule E
  • 📄 Schedule A
  • 📄 Schedule D
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Other Documents
  • 📄 Schedule B
  • 📄 Schedule C1
  • 📄 Project document
PHOTOGRAPH(16)
  • 📄 Oct 2022 - Dec 2022
  • 📄 Oct 2022 - Dec 2022
  • 📄 Oct 2022 - Dec 2022
  • 📄 Oct 2022 - Dec 2022
  • 📄 Oct 2022 - Dec 2022
  • 📄 Oct 2022 - Dec 2022
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Jan 2023 - Mar 2023
  • 📄 Oct 2022 - Dec 2022
  • 📄 Oct 2022 - Dec 2022
FINANCIAL(1)
  • 📄 Engineer's Certificate
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan

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: 2026-08-15T20:40:00.845Z
  • 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 SKY CITY-4 PHASE-1.

View all Indore projects →
ONGOING
📍 2.5 km

SKY CITY 4

Promoter: CHAWDA BUILDERS

RERA ActiveInspect →
COMPLETED
📍 2.5 km

SKY CITY-4 PHASE-2

Promoter: CHAWDA BUILDERS

Expected: 2023-09-30Inspect →

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

52 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 numberFoundP-IND-23-3893
✓Promoter identityFoundCHAWDA BUILDERS
✓Proposed completion dateFound2023-03-05
!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 statusFoundCOMPLETED

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →
Registered projects
3
Completed
2
Extensions / delays
0
Cities represented
1
SKY CITY 4ONGOINGSKY CITY-4 PHASE-2COMPLETEDSKY CITY-4 PHASE-1COMPLETED

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 SKY CITY-4 PHASE-1

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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