HORIZONMarkets
01

Complete project overview

RERA Andhra Pradesh · Registration filing
Units
15 flats
Unit mix
10 × 3BHK · 5 × 2BHK
Carpet area
68–100 sq m
Floors
5
Land area
669 sq m
Built-up area
2,051 sq m

Timeline

Project startedAug 2019
RERA approvedMar 2020
Proposed completionSep 2021
TodayJul 2026

Find your flat

Every flat the builder registered, with the carpet area they filed. Look yours up and check it against what you were shown.

UnitTypeCarpet sq mBalcony sq mOuter wall sq mCommon sq mTotal sq mParking sq m
101Ground floor · AISHWARYA RESIDENCY3BHK99.303.913.9820.35149.0421.50
102Ground floor · AISHWARYA RESIDENCY2BHK67.812.2420.35111.9021.50
103Ground floor · AISHWARYA RESIDENCY3BHK100.433.323.6420.35149.2421.50
201First floor · AISHWARYA RESIDENCY3BHK99.303.913.9820.35149.0421.50
202First floor · AISHWARYA RESIDENCY2BHK67.812.2420.35111.9021.50
203First floor · AISHWARYA RESIDENCY3BHK100.433.323.6420.35149.2421.50
301Second floor · AISHWARYA RESIDENCY3BHK99.303.913.9820.35149.0421.50
302Second floor · AISHWARYA RESIDENCY2BHK67.812.2420.35111.9021.50
303Second floor · AISHWARYA RESIDENCY3BHK100.433.323.6420.35149.2421.50
401Third floor · AISHWARYA RESIDENCY3BHK99.303.913.9820.35149.0421.50
402Third floor · AISHWARYA RESIDENCY2BHK67.812.2420.35111.9021.50
403Third floor · AISHWARYA RESIDENCY3BHK100.433.323.6420.35149.2421.50
501Fourth floor · AISHWARYA RESIDENCY3BHK99.303.913.9820.35149.0421.50
502Fourth floor · AISHWARYA RESIDENCY2BHK67.812.2420.35111.9021.50
503Fourth floor · AISHWARYA RESIDENCY3BHK100.433.323.6420.35149.2421.50

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. Carpet area is the legally meaningful number — not the super built-up figure a brochure quotes.

02

Builder’s track record

RERA Andhra Pradesh · Promoter registration

SIVA PRABHAKAR CONSTRUCTIONS

Partnership/LLP FirmPromoter type
VisakhapatnamBased in
2Projects
2Cities
2020–2024Active
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
35 homeson the public record across 2 projects
3,920 sq mbuilt-up filed
1,170 sq mland declared
₹9.46 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.

Planning authoritiesthis builder's portfolio, by approving body
Director, Town and Country PlanningTown & Country Planning (DTCP)this project1 of 2 projects
Vice Chairman, UDAUrban Development Authority1 of 2 projects

Counts are how many of this builder’s projects on Horizon’s record were approved by each body — a footprint, not a ranking of the authorities.

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 Andhra Pradesh · Registration filing
Village
Pothinamallayyapalem
Mandal
Visakhapatnam(R)
District
Visakhapatnam
Pincode
530041
What’s nearby
SchoolsNo schools within 2km
HealthcareNo hospital within 5km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
No metro or railway within 5kmLimited bus connectivity nearby
Declared external development
Roads0%
Water supply0%
Sewage0%
Electricity0%
Solid waste0%
Fire safety0%
Water0%
Emergency exits0%
Renewable energy0%
% complete as filed at registration — no progress updates are published, so this is a starting-line snapshot.
Price analysisdeclared build cost — not a sale price

₹5.60 Cr declared to build 15 flats. What that works out to:

₹37.33 Lakhdeclared cost per flatall-in — land + construction
₹2,537/sq ftof built-up area₹27,306/sq m
50%of the cost is land₹3,890/sq ft of land

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.

Government guidance value
₹60,000/sq ydresidential

₹71,759/sq m · effective Feb 2025

The state’s minimum value for this locality’s land, set for stamp duty — a floor, not a market price. Source: AP Registration & Stamps.

04

Planning authority

RERA Andhra Pradesh · Approved building plan

Director, Town and Country Planning

Town & Country Planning (DTCP) · P M PALEM
approved 21 Sep 2018 · 7 yrs ago
Building Permit no. 1086/2793/B/Z1/PEM/2018Survey no. 53/3,55/2,54/3,54/4 & 55/1

The promised possession date (21 Sep 2021) 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.

Verify it yourself — look up plan 1086/2793/B/Z1/PEM/2018 on the approving authority’s portal (dtcp.ap.gov.in) to confirm the sanction.

The approving body, at scale

Director, Town & Country Planning (DTCP)

Andhra Pradesh's statewide town-planning directorate. It has approved 1,597 RERA projects across 13 mandals about 1 in 4 in Andhra Pradesh.

This project sits in its P M PALEM area — a smaller local market, with too few RERA projects on record to profile on its own.

Volume is context, not a verdict — a busier authority is not a safer project. And this counts RERA-registered projects on Horizon’s record, not all construction.

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.
  • Construction progress — RERA Andhra Pradesh does not publish quarterly progress reports. How far along it actually is cannot be read here.
  • Complaints — RERA Andhra Pradesh does not publish a complaints register. This read cannot speak to them either way.
  • Escrow — RERA Andhra Pradesh does not publish escrow declarations. Whether buyer money is ring-fenced cannot be read here.