Is SPACE TOWER in Indore registered with MP RERA?

Yes, SPACE TOWER is an official MP RERA registered project (Registration No: P-IND-17-1246). The project is promoted by VALUE SPACE DEVELOPERS and is currently marked as ONGOING.

Who is the developer of SPACE TOWER?

SPACE TOWER is developed by VALUE SPACE DEVELOPERS, an active real estate promoter in Indore, Madhya Pradesh.

SPACE TOWER | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for SPACE TOWER?

Data Provenance

Registration No

P-IND-17-1246FACT

Project Name

SPACE TOWERFACT

Status

ONGOINGFACT

Promoter

VALUE SPACE 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

SPACE TOWER

Registration NumberFACT

P-IND-17-1246

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

value space developers

Estimated Land CostFACT

₹0.01 Lakh

Estimated Construction CostFACT

—

Construction Cost / UnitDERIVED

—

Across 38 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

38Total Units

SOLD UNITSFACT

0 (0%)

REMAINING UNITSFACT

38 (100%)

ABSORPTION RATEDERIVED

Mahanka inventory observation: The statutory registry records 38 registered units, with 0 sold and 38 remaining.

Unit Category	Group	Total Units	Remaining	Absorption
3 BHK	Apartment	10	10	0%
3 BHK-2	Apartment	10	10	0%
3 BHK-3	Apartment	2	2	0%
3 BHK-4	Apartment	2	2	0%
Show Room	Commercial property	2	2	0%
Show Room-6	Commercial property	2	2	0%
Show Room-7	Commercial property	2	2	0%
Terrace with flat 101	Other	1	1	0%
Terrace with flat 104	Other	1	1	0%
Terrace with flat 601	Other	1	1	0%
Terrace with flat 602	Other	1	1	0%
Terrace with flat 603	Other	1	1	0%
Terrace with flat 604	Other	1	1	0%
12.5 sq.mt.	Garage/Parking	1	1	0%
12.5 sq.mt.-15	Garage/Parking	1	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2017-11-15

Proposed CompletionFACT

2020-11-01

Project AgeDERIVED

3210 days

Days OverdueDERIVED

2128 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

114 tiriputi nagar aiport road indore

Matched LocalityMATCHED

UNMATCHED

Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

VALUE SPACE DEVELOPERS

Entity TypeFACT

Partnership Firm / LLP

VALUE SPACE DEVELOPERS1 Total Indexed Projects

COMPLETED0

ONGOING1

EXTENDED0

OVERDUE1

Portfolio Absorption: 0% across 38 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 YearsYES

Each marker represents an independent observable signal from public filings. Mahanka does not aggregate these into a speculative score.

10. Indexed Statutory DocumentsFACT

191 categorized public files

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

APPROVAL(4)

REGISTRATION(1)

📄 Affidavit Cum Declaration

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

OTHER(13)

BUILDING_PLAN(1)

📄 Sanction Building Plan

PHOTOGRAPH(58)

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: 2026-08-15T20:36:17.659Z

Locality is UNMATCHED: no verified spatial or text match in official gazette.
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.

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

80 indexed documents

Latest QPR

No QPR found in indexed source

Not found in indexed source

Latest APR

Apr 2020 - Jun 2020

Fresh source capture14 days since source capture

Open 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-17-1246

Promoter identityFoundVALUE SPACE DEVELOPERS

Proposed completion dateFound2020-11-01

Latest QPRReviewNo QPR was found in the indexed source.

Latest APRFoundApr 2020 - Jun 2020 · 14 days since source capture

Completion certificateReviewNo completion or occupancy certificate was found in the indexed source.

Timeline changesReview1 source changes are visible in the project timeline.

Project statusFoundONGOING

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →

Registered projects

Completed

Extensions / delays

Cities represented

SPACE TOWERONGOING

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

Explore all registered developments, townships, and commercial hubs in Indore.

← Back to Indore RERA Directory

Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for SPACE TOWER

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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