HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
Ongoing
Land area
22,604 sq m
Covered area
16,783 sq m
Open area
5,821 sq m

Timeline

Project startedJun 2018
RERA registeredFeb 2021
Proposed completionJun 2024
TodayJul 2026
02

Builder’s track record

RERA Karnataka · Promoter registration

karnataka slum devolpment board

Bengaluru UrbanBased in
2Projects
2Cities
2021–2024Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
2 projectson the public record across 2 projects
1,08,942 sq mland declared
₹118.81 Crdeclared build cost

Build cost is what the promoter declared it costs to build — land plus construction, at registration. It gives a sense of how big a builder this is — not a price you pay, not build quality, and not whether they finish on time.

Every project Horizon has read from this promoter, oldest first on the timeline. Dates are the project’s start (where filed) and target-completion dates on the RERA filing; delivery isn’t reported here.

03

Location & price analysis

RERA Karnataka · Registration filing
Taluk
Magadi
District
Bengaluru Urban
Pincode
560040
Address
6 different slums, Magadi town
What’s nearby
SchoolsNo schools within 2km
HealthcareHospital 3m away
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Primary road 458 mNo metro or railway within 5kmBus stop within 1km
Water & environment
Water body 142 mRiver 3.8 km · Kanva
distances only — not a flood assessment
Price analysisdeclared build cost — not a sale price

₹26.56 Cr declared. What that works out to:

This is what the promoter filed it costs to build — land plus construction, at registration — not a sale price. The gap to an asking price is their margin, taxes and anything the filing doesn’t carry.

04

Planning authority

RERA Karnataka · Approved building plan

KSDB - Karnataka State Slum Development Board

Building Permit

The promised possession date (3 Jun 2024) has passed. This record can’t confirm whether the project was completed — that sign-off is the occupancy certificate, below.

The occupancy certificate — the proof that isn’t here

A sanctioned plan is the government’s approval to build. It is not proof the project was built to that plan. That sign-off is the Occupancy Certificate (OC) — issued by the planning authority, the same body that approved the plan, not by RERA— and it isn’t in this record. Ask the builder for it, or check with the authority. Without an OC, banks may decline home loans, and any deviation from the sanctioned plan carries penalty or demolition risk.

The approving body, at scale

KSDB

Planning authority · Karnataka State Slum Development Board

Has approved 282 RERA projects3.2% of Karnataka.

an apartments market100% apartments · 0% plotted layouts. Apartments like yours are this body's core business.

Builders
31
On record
1,002 flats · 0 plots
Reach
141 taluks
Since
2019

More apartment-heavy than Karnataka overall — 100% apartments here vs 62% statewide.

Volume and mix are context, not a verdict — a busier body isn’t a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

Complaints register

None on record with RERA Karnataka against this project.

Only disputes escalated to the authority appear on the register — a private disagreement never filed here would not. A count from the public record, not a verdict.

What this record cannot tell you

  • Build quality — no filing records how well it was actually built.
  • Private disputes — only complaints escalated to the authority appear here.
  • What it will be worth — the record is the past; it does not price the future.