Is TISHYA VICTORY II in Indore registered with MP RERA?

Yes, TISHYA VICTORY II is an official MP RERA registered project (Registration No: P-OTH-23-4241). The project is promoted by VARUN DEVCON PRIVATE LIMITED and is currently marked as ONGOING.

Who is the developer of TISHYA VICTORY II?

TISHYA VICTORY II is developed by VARUN DEVCON PRIVATE LIMITED, an active real estate promoter in Indore, Madhya Pradesh.

TISHYA VICTORY II | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for TISHYA VICTORY II?

Data Provenance

Registration No

P-OTH-23-4241FACT

Project Name

TISHYA VICTORY IIFACT

Status

ONGOINGFACT

Promoter

VARUN DEVCON 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

TISHYA VICTORY II

Registration NumberFACT

P-OTH-23-4241

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

Other

Land OwnershipFACT

Mahesh Choudhary

Estimated Land CostFACT

—

Estimated Construction CostFACT

₹58.9 Lakh

Construction Cost / UnitDERIVED

₹2.45 Lakh

Across 24 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

24Total Units

SOLD UNITSFACT

0 (0%)

REMAINING UNITSFACT

24 (100%)

ABSORPTION RATEDERIVED

Mahanka inventory observation: The statutory registry records 24 registered units, with 0 sold and 24 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential Plots	Plot	23	0	23	0%
commercial plot 1	Plot	1	0	1	0%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

COMPLETION DATE PASSED

Proposed StartFACT

2023-03-31

Proposed CompletionFACT

2026-03-31

Project AgeDERIVED

1246 days

Days OverdueDERIVED

150 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. 358/1/2, 359/2/2 village palda, tehsil Indore and district Indore

Matched LocalityMATCHED

Palda

Tier: EXACT (97% conf.)

Match Evidence: RERA village 'palda' equals locality 'Palda'

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

VARUN DEVCON PRIVATE LIMITED

Entity TypeFACT

Company

VARUN DEVCON PRIVATE LIMITED4 Total Indexed Projects

COMPLETED1

ONGOING3

EXTENDED0

OVERDUE2

Portfolio Absorption: 26.71% across 760 registered units.

7. IGRS Statutory Guideline BenchmarkMATCHED

Official MPIGR Collector Circle Rates for micro-market

Residential Plot RateMATCHED

₹10,000 / sqm

Multi-Story ResidentialMATCHED

₹16,500 / sqm

Commercial OfficeMATCHED

₹29,200 / sqm

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

8. Micro-Market Peer ComparisonDERIVED

Active RERA projects in Palda

15 Peers in LocalityAvg Peer Absorption: 26%

Project	Promoter	Status	Units	Absorption	Completion
NEXUS PARK	mahalaxmi	ONGOING	—	—	—
EMPIRE URBANE – I	company	ONGOING	161	0%	2024-02-07
EMPIRE URBANE – II	company	ONGOING	309	0%	2024-02-07
SHANTI NIWAS	devcon-radhika	ONGOING	128	100%	2021-03-14
SANSKRUTI PALM	gomti	COMPLETED	94	14.89%	2021-11-14
SANSKAR SAROVAR	devcon-varun	ONGOING	330	36.67%	2023-10-02
SHIVNIKETAN	bholenath	EXTENDED	160	27.5%	2023-12-31
TISHYA VICTORY	devcon-varun	COMPLETED	406	20.2%	2025-08-01

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

60 categorized public files

APPROVAL(4)

REGISTRATION(2)

OTHER(31)

PHOTOGRAPH(20)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

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: 2026-08-15T20:40:45.775Z

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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