Is THE SAPPHIRE in Indore registered with MP RERA?

Yes, THE SAPPHIRE is an official MP RERA registered project (Registration No: P-IND-19-2389). The project is promoted by S S ASSOCIATES and is currently marked as ONGOING.

Who is the developer of THE SAPPHIRE?

THE SAPPHIRE is developed by S S ASSOCIATES, an active real estate promoter in Indore, Madhya Pradesh.

THE SAPPHIRE | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for THE SAPPHIRE?

Data Provenance

Registration No

P-IND-19-2389FACT

Project Name

THE SAPPHIREFACT

Status

ONGOINGFACT

Promoter

S S ASSOCIATESFACT

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 SAPPHIRE

Registration NumberFACT

P-IND-19-2389

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

Self Owned

Estimated Land CostFACT

₹410 Lakh

Estimated Construction CostFACT

₹1,341.42 Lakh

Construction Cost / UnitDERIVED

₹9.58 Lakh

Across 140 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

140Total Units

SOLD UNITSFACT

100 (71.43%)

REMAINING UNITSFACT

40 (28.57%)

ABSORPTION RATEDERIVED

71.43%

Mahanka inventory observation: The statutory registry records 140 registered units, with 100 sold and 40 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential Plots	Plot	140	100	40	71.43%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2019-07-01

Proposed CompletionFACT

2022-06-30

Project AgeDERIVED

2615 days

Days OverdueDERIVED

1520 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. 100/2, 100/3, 101, 102/1, 102/3 at village Nipaniya, Tehsil & Dist. Indore

Matched LocalityMATCHED

Nipaniya

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'nipaniya' equals locality 'Nipaniya'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

S S ASSOCIATES

Entity TypeFACT

Partnership Firm / LLP

N.R. ASSOCIATES3 Total Indexed Projects

COMPLETED0

ONGOING3

EXTENDED0

OVERDUE2

Portfolio Absorption: 66.67% across 195 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹30,000 / sqm

Multi-Story ResidentialMATCHED

₹35,000 / sqm

Commercial OfficeMATCHED

₹60,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Nipaniya

12 Peers in LocalityAvg Peer Absorption: 45%

Project	Promoter	Status	Units	Absorption	Completion
A-NSC FORTUNE CITY	nsc	COMPLETED	127	27.56%	2023-12-30
LA EXOTICA	excellent-infrabuild	COMPLETED	57	36.84%	2024-08-20
BCM IMPERIAL TOWER	realbuild-shanti-shubh	ONGOING	—	—	—
DIVINE GREENS BLOCK A	creation-varun	COMPLETED	82	76.83%	2019-11-12
SANSKRUTI ENCLAVE	estate-pushpa	COMPLETED	207	42.51%	2024-04-30
SANSKRUTI ENCLAVE EXTENSION	estate-pushpa	COMPLETED	69	44.93%	2025-03-16
BCM ZODIAC - BY VELOURS NIRMAN PRIVATE LIMITED	nirman-velours	ONGOING	286	25.17%	2023-07-29
SKYE PRIVILON	earth-skye	ONGOING	120	100%	2024-03-25

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 YearsYES

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

10. Indexed Statutory DocumentsFACT

148 categorized public files

FINANCIAL(1)

📄 Engineer's Certificate

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

APPROVAL(4)

REGISTRATION(2)

OTHER(20)

ALLOTMENT(1)

📄 Draft Agreement

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: 2026-08-15T20:37:34.983Z

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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