MAHANKA/Indore/RERA/SMART TOWN

SMART TOWNONGOING

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Data Provenance
Registration No
P-IND-23-4151FACT
Project Name
SMART TOWNFACT
Status
ONGOINGFACT
Promoter
MR. BHANWARLAL JOSHIFACT
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
SMART TOWN
Registration NumberFACT
P-IND-23-4151
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
Mr. Bhanwarlal Joshi, Mr. Ramesh Chandra Joshi, Mr. Banshilal Joshi, Smt Anusuya Joshi, Smt. Jamanabai Joshi, Smt Vimla Joshi, Smt. Kamla Joshi,
Estimated Land CostFACT
—
Estimated Construction CostFACT
₹0.01 Lakh
Construction Cost / UnitDERIVED
₹0 Lakh
Across 359 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

359Total Units
SOLD UNITSFACT
96 (26.74%)
REMAINING UNITSFACT
263 (73.26%)
ABSORPTION RATEDERIVED
26.74%

Mahanka inventory observation: The statutory registry records 359 registered units, with 96 sold and 263 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
Sector- A 2 to A 28Plot2721677.78%
Sector- A 29 to A 31Plot32166.67%
Sector- A 32 to A 45Plot149564.29%
Sector- A 48 to A 61Plot147750%
Sector- A 62 to A 64Plot31233.33%
Sector- A 65 to A 75Plot115645.45%
Sector- A 76 to A 89Plot1441028.57%
Sector- A 92 to A 105Plot1410471.43%
Sector- A 106 to A 116Plot115645.45%
Sector- A 117 to A 127Plot117463.64%
Sector- A 128 to A 132Plot550100%
Sector- A 135 to A 139Plot53260%
Sector- A 140 to A 153Plot145935.71%
Sector- A 158 to A 168Plot113827.27%
Sector- A 169 to A 173Plot5050%
Sector- A 174 to A 180Plot72528.57%
Sector- A 181 to A 186Plot6060%
Sector- A L 1 to A L 11Plot110110%
Sector- A E 1 to A E 14Plot140140%
Sector- A E 15 to A E 17Plot3030%
Sector- B 1 to B 8Plot8080%
Sector- B 15 to B 70Plot5665010.71%
Sector- B 71 to B 88Plot180180%
Sector- B 88 to B 96Plot8080%
Sector- BE 1 to BE 9Plot9090%
Sector- BL 1 to BL 6Plot6060%
Sector- C 1 to C 14Plot140140%
Sector- C 17 to C 21Plot5050%
Sector- C 22 to C 29Plot8080%
Sector- C E1 to CE 3Plot3030%
Sector- C L1 to CL 2Plot2020%
ComA1,A46, A47, A90, A91Plot5050%
Com A 133Plot1010%
Com A 134Plot1010%
Com A 154 to A 157Plot41325%
Com B 9 to B 14Plot6060%
Com C 15 and C 16Plot2020%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED
Proposed StartFACT
2022-01-01
Proposed CompletionFACT
2024-12-28
Project AgeDERIVED
1700 days
Days OverdueDERIVED
608 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.185/1, 185/2, 186/1, 189/3, 192/M-1, 193,194, Village Arandia, DIst Indore
Matched LocalityMATCHED
Smart Town
Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
MR. BHANWARLAL JOSHI
Entity TypeFACT
Individual
MR. BHANWARLAL JOSHI2 Total Indexed Projects
COMPLETED0
ONGOING2
EXTENDED0
OVERDUE1
Portfolio Absorption: 13.33% across 720 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Guideline rates are displayed only when a project is linked to an official revenue locality with an EXACT or STRONG match tier. This project currently holds an unverified locality link.

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 ProjectFLAGGED
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

159 categorized public files

APPROVAL(4)
  • 📄 Consent Land Owner
  • 📄 Approval Town Country Planning
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
OTHER(21)
  • 📄 Other Documents
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Encumbrances On Land
  • 📄 Brochure
  • 📄 Schedule F (Draft Brochure)
  • 📄 Schedule E
  • 📄 Schedule A
  • 📄 Common Area Facilities
  • 📄 Schedule D
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Schedule C1
  • 📄 Engr Certificate
  • 📄 Project document
  • 📄 Colonisers License
  • 📄 Project document
  • 📄 Project document
  • 📄 Project document
REGISTRATION(2)
  • 📄 Affidavit Cum Declaration
  • 📄 Affidavit
FINANCIAL(2)
  • 📄 Engineer's Certificate
  • 📄 Ca Certificate
ALLOTMENT(1)
  • 📄 Draft Agreement
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
PHOTOGRAPH(49)
  • 📄 Oct 2025 - Dec 2025
  • 📄 Oct 2025 - Dec 2025
  • 📄 Oct 2025 - Dec 2025
  • 📄 Oct 2025 - Dec 2025
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Apr 2025 - Jun 2025
  • 📄 Jul 2024 - Sep 2024
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jan 2025 - Mar 2025
  • 📄 Jul 2024 - Sep 2024

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: 2026-08-15T20:40:28.781Z
  • Guideline rate benchmark is withheld because locality match is not EXACT or STRONG.
  • 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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Micro-Market Competitive Landscape (5 km Radius)

Other RERA-registered developments competing in the same planning sector as SMART TOWN.

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ONGOING
📍 2.5 km

SMART TOWN

Promoter: MR. BHANWARLAL JOSHI

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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

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for SMART TOWN

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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