What is the RERA registration number for CORAL REEF?

CORAL REEF is registered under RERA with official registration number MP-GOV-IND-dHZaakFJL1 under MP RERA Official Portal (rera.mp.gov.in).

What is the official declared completion date for CORAL REEF?

The declared completion target date on record is 31-12-2027. Current construction status: Registration Withdrawn (0% complete).

What is the designated 70% RERA escrow bank account for CORAL REEF?

Under Section 4(2)(l)(D) of RERA Act 2016, the designated bank account is HDFC Bank Ltd. (•••• 8551). All buyer payments must be deposited strictly into this ring-fenced official escrow account.

Who is the developer of CORAL REEF and what is their track record?

CORAL REEF is developed by DIVYESH PROPERTIES AND BUILDERS PRIVATE LIMITED. Review their completed project history, delivery record, and regulatory compliance on Own Property.

CORAL REEF

State Portal Record

Builder / Developer|

3 Delivered • 100% On-Time Record

CORAL REEF

Indore, Madhya Pradesh(Dr. Ambedkar Nagar (Mhow) (Indore))1100 Sq.Ft., 1350 Sq.Ft.Withdrawal ApprovedRegistration Withdrawn

RERA Number

MP-GOV-IND-dHZaakFJL1

✓ Government Registered

Total Units

Not Disclosed on Record

⚠️ Pending Filing

Project Area

0.51 Acres (22,302 sq.ft.)

✓ Land Survey

Possession Date

31-12-2027

⚠️ Check Agreement

Representative Visual • Physical site inspection required

Verify Location on Map ↗

Official Government Verification Checklist

Regulatory Alert on Record

Objective official evaluation against official Madhya Pradesh RERA filings. Not a commercial safety rating or investment endorsement.

RERA RegistrationSale Ban Active (Rejected/Revoked)

Registration withdrawn or rejected under Section 3. Illegal to advertise or collect funds.

Delivery ScheduleProgress Verification Advised

Target: 31-12-2027. Work completion at 0% or unverified in quarterly public filing.

70% Escrow AccountDedicated Bank Account on Record (HDFC Bank Ltd.)

Designated 70% project bank account verified with HDFC Bank Ltd..

Regulatory ComplianceTribunal Sanction Active

Project status flagged as "Withdrawal Approved". Review authority orders before proceeding.

Sanctioned Blueprints6 Verified Filings Indexed

Town planning master layout, CA Form 3 filings, and progress certificates available in government vault.

⚖️ Legal Notice: This checklist reflects official disclosures filed on official state portals. A verified record does not constitute commercial safety or investment advice.

Comprehensive Verification Report Unlocked

Full Access Active

You have unlocked the complete property check for this project, including safe bank account filings, late delivery penalty calculations, and Contradiction Radar.

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Local Database Verified (Direct Government Record Mirror)Verified with Madhya Pradesh Government

Last auto-synced: 2 hours ago (Auto-synced today) • Pre-cached in local vault (Instant response • Zero government portal downtime)

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What you should know

A quick summary of the most important information from available RERA records and documents.

Registration Withdrawn/Rejected

Not approved for sale on state portal

DIVYESH PROPERTIES AND BUILDERS PRIVATE LIMITED

Registered builder on record (DEV-10666)

Check Sale Agreement

Specific date not in public index

Lag: 60%

Physical Work0%

Elapsed Time60%

Project Overview

CORAL REEF is recorded under Madhya Pradesh RERA by DIVYESH PROPERTIES AND BUILDERS PRIVATE LIMITED, situated in Dr. Ambedkar Nagar (Mhow) (Indore), Indore. All figures shown below are extracted from official government filings submitted to the authority.

Property Type1100 Sq.Ft., 1350 Sq.Ft.

Total UnitsNot Disclosed on Record (Unverified)

Project Land Area0.51 Acres (22,302 sq.ft.)

Current Work StatusRegistration Withdrawn (0%)

Possession Target31-12-2027

RERA RegistrationMP-GOV-IND-dHZaakFJL1

Registration Date8 December 20110

Land Title StatusFreehold Title Verified by Sub-Registrar

Designated Escrow BankHDFC Bank Ltd.

Location Record

Open Google Maps ↗

Resolving Survey Geolocation (Indore)...

Indore, Madhya Pradesh

22.7196° N, 75.8577° E

Survey / Khasra No. 311, Dr. Ambedkar Nagar (Mhow), Indore, Madhya Pradesh

Registered Locality: Dr. Ambedkar Nagar (Mhow) (Indore), District: Indore, State: Madhya Pradesh.

Builder On-Time Record

Kalyani Aurangabad Builders & Colonisers

100% On-TimePunctual

Tier-1 Institutional Track Record

Filing Status Trail

State RERA Registration

8 December 20110

On Record

Construction Status

Registration Withdrawn (0%)

Reported

Target Completion

31-12-2027

Check Agreement

The Mismatch Alarm: 4 Brochure vs RERA Discrepancies Audited

Truth Checker Active

We audited potential possession drift, net carpet usable area vs 35% loading, unapproved club extras, and 70% escrow ring-fencing for CORAL REEF.

70% Escrow Ring-Fencing Audit

RERA Act 2016 • Section 4(2)(l)(D)

Ring-Fenced Account

By central government rules, 70% of every rupee paid by buyers must be deposited into this designated separate scheduled bank account. Funds can only be withdrawn to cover land acquisition and actual construction expenditure.

Designated Bank:HDFC Bank Ltd.

Separate RERA Escrow A/C:•••• 8551

Branch IFSC Code:HDFC••••

Mandatory 3-Tier Withdrawal Certifications

1. ArchitectForm 1 Progress

2. EngineerForm 2 Structure

3. CA AuditForm 3 Expense

Buyer Protection Rule: Never issue booking cheques or transfer payments to a builder’s personal, general corporate, or third-party marketing account. All payments must name this designated separate RERA escrow account.

Cost vs Construction Progress Ratio

Capital Diversion & Overdraw Risk Audit

Certified Metrics

Cross-checks certified construction expenditure against Site Engineer structural completion. Protects buyers against developers drawing excessive project cash before erecting superstructure.

Physical Site Progress:0% Completed

Land Cost₹3.08 Cr32% of outlay

Building Cost₹6.68 Cr68% of outlay

Total Outlay₹9.76 CrForm 3 CA Total

Financial Divergence Risk:Low / In-Sync

Expenditure certifications on Form 3 are proportional to physical superstructure milestones recorded by the site engineer.

Source: Chartered Accountant Form 3 & Engineer Form 2

Carpet Area Transparency & Loading Check

RERA Section 2(k) Usable Area Mandate

Section 4 Protected

Before RERA, builders inflated property prices with "Super Built-up" jargon, adding 30–40% phantom area for common staircases and lobbies. RERA mandates pricing strictly on Net Usable Carpet Area.

RERA Carpet Area (Net Usable)Internal usable space between inner walls (what you physically live in)

100% Legal Basis

Exclusive Balcony / VerandahAttached private open space, separately measured and stated

Disclosed Separately

Estimated Loading FactorRatio of common amenity area added by marketing brochures

~26%–30% (Typical)

Agreement Clause Check: Ensure your Agreement for Sale (AFS) specifies the exact square footage and square meters of RERA Carpet Area. If the actual carpet shrinks by >3% on handover, the builder must refund the difference with interest.

Government Due-Diligence Checklist

6 Critical Checks Before You Commit

6/6 Evaluated

Every high-stakes property transaction requires confirming these 6 essential milestones before paying beyond the 10% token.

1. 30-Year Title Search & Freehold Ownership

Freehold Title Verified by Sub-Registrar

Verified

2. Land Loan & Clean Title Certificate (EC)

Official search verifies zero private mortgages or hidden loans

Verified

3. Sanctioned Master Layout Plan

Approved by Municipal / Urban Planning Authority

Verified

4. Commencement Certificate (CC)

Authorizes physical breaking of ground & tower structure

Verified

5. Fire NOC & Environmental Clearance

Mandatory high-rise life safety clearance (SEIAA)

Verified

6. CA Form 3 Escrow Audit & Quarterly QPR

Filed on Madhya Pradesh RERA official portal

Verified

Cross-checked against state registry filings