MAHANKA/Indore/RERA/THE BUSINESS BAY

THE BUSINESS BAYONGOING

★Are you the official developer or sales mandate for THE BUSINESS BAY?
Data Provenance
Registration No
P-IND-23-4195FACT
Project Name
THE BUSINESS BAYFACT
Status
ONGOINGFACT
Promoter
VIVEK CHUGHFACT
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
THE BUSINESS BAY
Registration NumberFACT
P-IND-23-4195
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
Vivek Chugh
Estimated Land CostFACT
₹2,740 Lakh
Estimated Construction CostFACT
₹1,037.1 Lakh
Construction Cost / UnitDERIVED
₹27.29 Lakh
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
1 (2.63%)
REMAINING UNITSFACT
37 (97.37%)
ABSORPTION RATEDERIVED
2.63%

Mahanka inventory observation: The statutory registry records 38 registered units, with 1 sold and 37 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
Shops CommercialCommercial property1010%
Shops Commercial-2Commercial property1010%
Shops Commercial-3Commercial property2020%
Shops Commercial-4Commercial property3030%
Shops Commercial-5Commercial property3030%
Shops Commercial-6Commercial property1010%
Shops Commercial-7Commercial property1010%
Office CommercialCommercial property61516.67%
Office Commercial-9Commercial property2020%
Office Commercial-10Commercial property4040%
Office Commercial-11Commercial property2020%
Office Commercial-12Commercial property2020%
Office Commercial-13Commercial property2020%
Commercial propertyCommercial property5050%
Commercial property-15Commercial property3030%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED
Proposed StartFACT
2020-12-01
Proposed CompletionFACT
2023-09-30
Project AgeDERIVED
2097 days
Days OverdueDERIVED
1064 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Indore
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
Plot no. 2&3 Ward-43, colony Anoopnagar, A. BRoad, Indore, MP
Matched LocalityMATCHED
UNMATCHED
Tier: UNMATCHED (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
VIVEK CHUGH
Entity TypeFACT
Individual
VIVEK CHUGH4 Total Indexed Projects
COMPLETED0
ONGOING4
EXTENDED0
OVERDUE2
Portfolio Absorption: 7.14% across 126 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

56 categorized public files

REGISTRATION(2)
  • 📄 Affidavit
  • 📄 Affidavit Cum Declaration
APPROVAL(5)
  • 📄 Approval Town Country Planning
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
  • 📄 Building Permission Authority
ALLOTMENT(1)
  • 📄 Draft Agreement
OTHER(29)
  • 📄 Development Work Plan
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Encumbrances On Land
  • 📄 Brochure
  • 📄 Colonisers License
  • 📄 Schedule F (Draft Brochure)
  • 📄 Schedule E
  • 📄 Schedule A
  • 📄 Common Area Facilities
  • 📄 Schedule D
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Other Documents
  • 📄 Schedule B
  • 📄 Open Parking
  • 📄 Schedule C3
  • 📄 Schedule C2
  • 📄 Project document
  • 📄 Project document
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
BUILDING_PLAN(2)
  • 📄 Sanction Building Plan
  • 📄 Floor Plan
FINANCIAL(1)
  • 📄 Engineer's Certificate
PHOTOGRAPH(15)
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023
  • 📄 Jul 2023 - Sep 2023

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: 2026-08-15T20:40:41.948Z
  • 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.
🗺

Micro-Market Competitive Landscape (5 km Radius)

Other RERA-registered developments competing in the same planning sector as THE BUSINESS BAY.

View all Indore projects →
ONGOING
📍 2.5 km

PARK EXOTICA

Promoter: VIVEK CHUGH

Expected: 2019-11-30Inspect →
ONGOING
📍 2.5 km

THE BUSINESS BAY

Promoter: VIVEK CHUGH

RERA ActiveInspect →
ONGOING
📍 2.5 km

THE BUSINESS BAY

Promoter: VIVEK CHUGH

RERA ActiveInspect →

Filing freshness & completionSource review

Document signals from indexed MP RERA source records.

56 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-23-4195
✓Promoter identityFoundVIVEK CHUGH
✓Proposed completion dateFound2023-09-30
!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 statusFoundONGOING

Promoter portfolio & delivery history

Registered MP RERA footprint associated with the promoter name.

Open promoter 360 →
Registered projects
4
Completed
0
Extensions / delays
0
Cities represented
1
PARK EXOTICAONGOINGTHE BUSINESS BAYONGOINGTHE BUSINESS BAYONGOINGTHE BUSINESS BAYONGOING

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 THE BUSINESS BAY

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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