Is SKYE CITY in Indore registered with MP RERA?

Yes, SKYE CITY is an official MP RERA registered project (Registration No: P-IND-22-3592). The project is promoted by SKYE EARTH DEVELOPERS PRIVATE LIMITED and is currently marked as ONGOING.

Who is the developer of SKYE CITY?

SKYE CITY is developed by SKYE EARTH DEVELOPERS PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

SKYE CITY | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SKYE CITY?

Data Provenance

Registration No

P-IND-22-3592FACT

Project Name

SKYE CITYFACT

Status

ONGOINGFACT

Promoter

SKYE EARTH DEVELOPERS 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

SKYE CITY

Registration NumberFACT

P-IND-22-3592

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

SKYE EARTH DEVELOPERS PRIVATE LIMITED

Estimated Land CostFACT

₹2,487.89 Lakh

Estimated Construction CostFACT

₹1,768.43 Lakh

Construction Cost / UnitDERIVED

₹1.78 Lakh

Across 991 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

991Total Units

SOLD UNITSFACT

773 (78%)

REMAINING UNITSFACT

218 (22%)

ABSORPTION RATEDERIVED

78%

Mahanka inventory observation: The statutory registry records 991 registered units, with 773 sold and 218 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential Plots	Plot	989	773	216	78.16%
commercial plot	Plot	2	0	2	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2022-06-01

Proposed CompletionFACT

2025-03-23

Project AgeDERIVED

1549 days

Days OverdueDERIVED

523 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. 37/2/1/1, 37/2/1/2, 37/2/1/3, 37/2/2, 37/3, 39/2/1, 39/2/2, 42/1, 42/2/1/1, 42/2/2, 43/1/1, 43/1/2/1/1, 43/1/3, 44/1/1, 44/1/2, 44/2/1, 44/2/3, 66/1, 42/2/1/2/1/1, 42/2/1/2/1/2, 42/2/1/2/2, 43/1/2/1/2, 43/1/3 gram hingoniya tehsil kanadiya district indore

Matched LocalityMATCHED

Kanadiya

Tier: STRONG (86% conf.)

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

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

SKYE EARTH DEVELOPERS PRIVATE LIMITED

Entity TypeFACT

Company

SKYE EARTH DEVELOPERS PRIVATE LIMITED20 Total Indexed Projects

COMPLETED4

ONGOING16

EXTENDED0

OVERDUE3

Portfolio Absorption: 64.85% across 2,188 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹9,000 / sqm

Multi-Story ResidentialMATCHED

₹12,000 / sqm

Commercial OfficeMATCHED

₹28,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Kanadiya

20 Peers in LocalityAvg Peer Absorption: 48%

Project	Promoter	Status	Units	Absorption	Completion
ARCADIA	nilesh-shri-vyas	ONGOING	—	—	—
EXOTIC AVENUE	ritu-singal	COMPLETED	43	0%	2023-10-31
SANMAN CITY	city-sanman	ONGOING	108	0%	—
ARIHANT KETKAR REGENCY	arihant-ketkar	ONGOING	28	0%	—
KG WOODLAND	gurukripa	ONGOING	—	—	—
SKYE SERENE	earth-skye	ONGOING	—	—	—
THE GRAND VIRASAT C	built-real-sarthak-vinayak	ONGOING	—	—	—
GREENFIELD PALM BY OYSTER	oyster	ONGOING	—	—	—

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

162 categorized public files

REGISTRATION(2)

APPROVAL(4)

OTHER(19)

FINANCIAL(2)

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

PHOTOGRAPH(51)

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: 2026-08-15T20:39:25.986Z

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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