Is VISHAL HERITAGE in Indore registered with MP RERA?

Yes, VISHAL HERITAGE is an official MP RERA registered project (Registration No: P-IND-17-975). The project is promoted by BHISHAMLAL MANDHAN and is currently marked as EXTENDED.

Who is the developer of VISHAL HERITAGE?

VISHAL HERITAGE is developed by BHISHAMLAL MANDHAN, an active real estate promoter in Indore, Madhya Pradesh.

VISHAL HERITAGE | MP RERA Project Intelligence & Guideline Benchmark

★Are you the official developer or sales mandate for VISHAL HERITAGE?

Data Provenance

Registration No

P-IND-17-975FACT

Project Name

VISHAL HERITAGEFACT

Status

EXTENDEDFACT

Promoter

BHISHAMLAL MANDHANFACT

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

VISHAL HERITAGE

Registration NumberFACT

P-IND-17-975

Project StatusFACT

EXTENDED

Project Type (Portal)FACT

Ongoing

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

BHISHAMLAL MANDHAN

Estimated Land CostFACT

₹9,38,59,916 Lakh

Estimated Construction CostFACT

₹5,16,79,829 Lakh

Construction Cost / UnitDERIVED

₹32,29,989.31 Lakh

Across 16 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

16Total Units

SOLD UNITSFACT

4 (25%)

REMAINING UNITSFACT

12 (75%)

ABSORPTION RATEDERIVED

25%

Mahanka inventory observation: The statutory registry records 16 registered units, with 4 sold and 12 remaining.

Unit Category	Group	Total Units	Sold	Remaining	Absorption
Residential	Apartment	16	4	12	25%

4. Project Timeline & Delivery StatusDERIVED

Factual progress relative to today's date

EXTENDED

Proposed StartFACT

2017-04-02

Proposed CompletionFACT

2019-10-02

Project AgeDERIVED

3435 days

Days OverdueDERIVED

2522 days overdue

5. Location & Micro-Market ResolutionMATCHED

Gazette revenue village and locality matching

DistrictFACT

Indore

TehsilFACT

—

Village / Locality (Source)FACT

—

Khasra NumberFACT

—

Address TextFACT

11/3, DR. RSB MARG, RACE COURES ROAD, INDORE

Matched LocalityMATCHED

Heritage

Tier: PROBABLE (0% conf.)

6. Promoter Delivery Track RecordDERIVED

Normalized corporate footprint across MP

Promoter EntityFACT

BHISHAMLAL MANDHAN

Entity TypeFACT

Proprietorship Firm

BHISHAMLAL MANDHAN3 Total Indexed Projects

COMPLETED1

ONGOING1

EXTENDED1

OVERDUE1

Portfolio Absorption: 25.53% across 47 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 PassedNO

Formally Extended by AuthorityYES

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

72 categorized public files

REGISTRATION(1)

📄 Affidavit Cum Declaration

APPROVAL(3)

OTHER(31)

FINANCIAL(1)

📄 Engineer's Certificate

ALLOTMENT(1)

📄 Draft Agreement

LAYOUT_PLAN(1)

📄 Sanction Layout Plan

BUILDING_PLAN(1)

📄 Sanction Building Plan

PHOTOGRAPH(33)

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: 2026-08-15T20:36:05.448Z

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.

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