MAHANKA/Indore/RERA/THE GRAND VIRASAT B

THE GRAND VIRASAT BONGOING

★Are you the official developer or sales mandate for THE GRAND VIRASAT B?
Data Provenance
Registration No
P-IND-25-5832FACT
Project Name
THE GRAND VIRASAT BFACT
Status
ONGOINGFACT
Promoter
NEMINATH HOUSING 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
THE GRAND VIRASAT B
Registration NumberFACT
P-IND-25-5832
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
M/s Neminath Housing Private Limited and M/s NR Infrabuild Private Limited
Estimated Land CostFACT
₹200 Lakh
Estimated Construction CostFACT
₹2,317.68 Lakh
Construction Cost / UnitDERIVED
—
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

—Total Units
SOLD UNITSFACT
— (—)
REMAINING UNITSFACT
— (—)
ABSORPTION RATEDERIVED
—

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

ON SCHEDULE
Proposed StartFACT
2025-01-01
Proposed CompletionFACT
2027-12-31
Project AgeDERIVED
604 days
Days to CompletionDERIVED
490 days remaining

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Indore
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
Village Balyakheda 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
NEMINATH HOUSING PRIVATE LIMITED
Entity TypeFACT
Company
NEMINATH HOUSING PRIVATE LIMITED3 Total Indexed Projects
COMPLETED1
ONGOING2
EXTENDED0
OVERDUE0
Portfolio Absorption: 33.94% across 439 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: 51%
ProjectPromoterStatusUnitsAbsorptionCompletion
ARCADIAnilesh-shri-vyasONGOING———
EXOTIC AVENUEritu-singalCOMPLETED430%2023-10-31
SANMAN CITYcity-sanmanONGOING1080%—
ARIHANT KETKAR REGENCYarihant-ketkarONGOING280%—
KG WOODLANDgurukripaONGOING———
SKYE SERENEearth-skyeONGOING———
THE GRAND VIRASAT Cbuilt-real-sarthak-vinayakONGOING———
GREENFIELD PALM BY OYSTERoysterONGOING———

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

27 categorized public files

REGISTRATION(2)
  • 📄 Affidavit Cum Declaration
  • 📄 Affidavit
APPROVAL(4)
  • 📄 Approval Town Country Planning
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
OTHER(18)
  • 📄 Brochure
  • 📄 Colonisers License
  • 📄 Common Area Facilities
  • 📄 Development Work Plan
  • 📄 Encumbrances On Land
  • 📄 Khasra Form
  • 📄 Other Documents
  • 📄 Project Specifications
  • 📄 Schedule A
  • 📄 Schedule B
  • 📄 Schedule C1
  • 📄 Schedule D
  • 📄 Schedule E
  • 📄 Schedule F (Draft Brochure)
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Project document
  • 📄 Project document
ALLOTMENT(1)
  • 📄 Draft Agreement
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
FINANCIAL(1)
  • 📄 Engineer's Certificate

11. Longitudinal Change LedgerFACT

Immutable audit trail of regulatory updates

  • NEW_PROJECT15/8/2026

12. Data Completeness & MethodologyDERIVED

6-gate statutory completeness audit

83.33%Completeness Index
promoterPRESENT
timelinePRESENT
documentsPRESENT
inventoryMISSING
project locationPRESENT
registration numberPRESENT
Formula Version: 1.0.0
Audit Timestamp: 2026-08-15T20:45:44.491Z
  • Inventory unit counts were not reported in the RERA project filing.
  • 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 GRAND VIRASAT B.

View all Indore projects →
ONGOING
📍 2.5 km

THE GRAND VIRASAT B

Promoter: NEMINATH HOUSING PRIVATE LIMITED

RERA ActiveInspect →
COMPLETED
📍 2.5 km

GOLD CITY 2 ( NIRWANA KUNJ)

Promoter: NEMINATH HOUSING PRIVATE LIMITED

Expected: 2025-01-31Inspect →
Loading map...

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 THE GRAND VIRASAT B

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)
🏛️

Direct Institutional Mortgage Matching

Underwritten through sovereign & top-tier private lenders. Best client-first terms guaranteed.