MAHANKA/Indore/RERA/THE SKY EMPIRE

THE SKY EMPIREONGOING

★Are you the official developer or sales mandate for THE SKY EMPIRE?
Data Provenance
Registration No
P-IND-23-4062FACT
Project Name
THE SKY EMPIREFACT
Status
ONGOINGFACT
Promoter
AARADHYA ESTATE DEVELOPERS 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 SKY EMPIRE
Registration NumberFACT
P-IND-23-4062
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. AARADHYA ESTATE DEVELOPERS PRIVATE LIMITED AND GHANSHYAM KALOTA
Estimated Land CostFACT
₹405.72 Lakh
Estimated Construction CostFACT
₹92.61 Lakh
Construction Cost / UnitDERIVED
₹0.62 Lakh
Across 150 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

150Total Units
SOLD UNITSFACT
0 (0%)
REMAINING UNITSFACT
150 (100%)
ABSORPTION RATEDERIVED
0%

Mahanka inventory observation: The statutory registry records 150 registered units, with 0 sold and 150 remaining.

Unit CategoryGroupTotal UnitsSoldRemainingAbsorption
GENERALApartment13001300%
EWSApartment120120%
LIGApartment8080%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED
Proposed StartFACT
2022-12-01
Proposed CompletionFACT
2025-09-26
Project AgeDERIVED
1368 days
Days OverdueDERIVED
338 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT
Indore
TehsilFACT
—
Village / Locality (Source)FACT
—
Khasra NumberFACT
—
Address TextFACT
Survey no. 687/3/3,707/1/2,641/1 at Village Bada Bangarda, Tehsil Malharganj (old hatod) & District Indore
Matched LocalityMATCHED
Malharganj
Tier: STRONG (86% conf.)

Match Evidence: Locality 'Malharganj' in address/title with district indore

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT
AARADHYA ESTATE DEVELOPERS PRIVATE LIMITED
Entity TypeFACT
Company
AARADHYA ESTATE DEVELOPERS PRIVATE LIMITED2 Total Indexed Projects
COMPLETED1
ONGOING1
EXTENDED0
OVERDUE1
Portfolio Absorption: 24.26% across 404 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED
₹50,000 / sqm
Multi-Story ResidentialMATCHED
₹25,000 / sqm
Commercial OfficeMATCHED
₹73,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Malharganj

20 Peers in LocalityAvg Peer Absorption: 0%
ProjectPromoterStatusUnitsAbsorptionCompletion
R.R. GULAB CITYaccrual-realitiesONGOING———
TATTVAM HEIGHTS PHASE 3l-g-developersONGOING———
LANDMARK AEROCITYinfraprojects-jmgONGOING———
NAKSHTRA GREENSchawda-estate-realONGOING———
ADITYA GOVINDAMbuildcon-bvgONGOING———
BUILDWELL IMPERIAbuildwell-venturesONGOING———
DREAM GHARfalodi-infraestate-parasONGOING———
PREMIUM-HI-LINK-GREENS PARTHindra-prem-residencyONGOING2480%2025-12-31

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

298 categorized public files

FINANCIAL(1)
  • 📄 Engineer's Certificate
OTHER(23)
  • 📄 Schedule F (Draft Brochure)
  • 📄 Development Work Plan
  • 📄 Brochure
  • 📄 Colonisers License
  • 📄 Common Area Facilities
  • 📄 Development Team Details
  • 📄 Agent Details
  • 📄 Apartment Details
  • 📄 Project document
  • 📄 Khasra Form
  • 📄 Project Specifications
  • 📄 Encumbrances On Land
  • 📄 Schedule E
  • 📄 Schedule A
  • 📄 Schedule D
  • 📄 Schedule G
  • 📄 Schedule H
  • 📄 Other Documents
  • 📄 Schedule B
  • 📄 Open Parking
APPROVAL(4)
  • 📄 Approval Town Country Planning
  • 📄 Consent Land Owner
  • 📄 Development Permission
  • 📄 Nazul Clearance Case
REGISTRATION(2)
  • 📄 Affidavit Cum Declaration
  • 📄 Affidavit
ALLOTMENT(1)
  • 📄 Draft Agreement
LAYOUT_PLAN(1)
  • 📄 Sanction Layout Plan
BUILDING_PLAN(2)
  • 📄 Sanction Building Plan
  • 📄 Floor Plan
PHOTOGRAPH(46)
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Apr 2026 - Jun 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 2026
  • 📄 Jan 2026 - Mar 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

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: 2026-08-15T20:44:11.735Z
  • 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 SKY EMPIRE.

View all Indore projects →
COMPLETED
📍 2.5 km

AARADHYA ESTATE DEVELOPERS PRIVATE LIMITED

Promoter: AARADHYA ESTATE DEVELOPERS PRIVATE LIMITED

Expected: 2019-12-27Inspect →

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 2026 - Jun 2026
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-23-4062
✓Promoter identityFoundAARADHYA ESTATE DEVELOPERS PRIVATE LIMITED
✓Proposed completion dateFound2025-09-26
!Latest QPRReviewNo QPR was found in the indexed source.
✓Latest APRFoundApr 2026 - Jun 2026 · 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
2
Completed
1
Extensions / delays
0
Cities represented
1
THE SKY EMPIREONGOINGAARADHYA ESTATE DEVELOPERS PRIVATE LIMITEDCOMPLETED

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.

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Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for THE SKY EMPIRE

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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