HORIZONMarkets
01

Complete project overview

RERA Karnataka · Registration filing
Status
New Project Launch
Units
84 units
Unit mix
64 × SHOP · 12 × 2 BHK · 4 × 1 BHK · 4 × 3 BHK
Towers
1
Floors
4
Land area
2,904 sq m
Built-up area
6,534 sq m
FAR sanctioned
1.34
Covered area
1,319 sq m
Open area
1,585 sq m
Land parcels
9 survey nos

Timeline

Project startedFeb 2024
RERA registeredMar 2024
Proposed completionDec 2028
TodayJul 2026
Construction progress

100% overall, as filed

Sub-structure100%
Super-structure100%
Finishing100%
Internal infra100%
External infra100%
Amenities100%
Common areas100%
From the promoter's latest quarterly progress report filed with RERA Karnataka — % complete overall and by stage, as of that filing. A dated snapshot, not a live tracker.

Find your flat

Filed by type and size, in the batches the promoter registered — not a per-flat listing. Look yours up.

84 units across 4 batches
TypeArea sq mCount
SHOP3264
1 BHK604
3 BHK984
2 BHK7912

Shown in sq m. The filing records square metres; the sq-ft view is a straight conversion. The declared inventory as registered — how many of each type exist, not how many are still unsold (this state's filing carries no booking count).

02

Builder’s track record

RERA Karnataka · Promoter registration

SHREE VISHNUMOORTHY BUILDERS AND DEVELOPERS

Partnership FirmPromoter type
UdupiBased in
1Projects
1City
2024–presentActive
Timelineevery project, start → promised completion

The only project Horizon has read from this promoter so far. 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
Karkala
District
Udupi
Pincode
576120
Address
DETAILED PLAN OF PROPOSED CONSTRUCTION OF COMMERCIAL CUM RESIDENTIAL BUILDING AT , S.N 132/1B3, 132/1A2, 132/1B2, 132/17, 132/18, 132/1B4, 132/3, 132/7, 132/1A3, OF MARNE VILLAGE KARKALA TALUK, UDUPI , Karkala , Udupi, Karnataka - 576120
North boundary
13°19'18.31"N
East boundary
13°19'19.11"N
South boundary
75° 0'2.79"E
West boundary
75° 0'4.56"E
What’s nearby
SchoolsNo schools within 2km
HealthcareNo hospital within 5km · 1 clinic within 1km
LifestyleNo parks within 2km
ShoppingNo supermarket within 2km
Getting around
Primary road 173 mNo metro or railway within 5kmBus stop within 500m
Water & environment
River 2.2 km · KadaholeWater body 3.4 km
distances only — not a flood assessment
Land, title & encumbrance
LandOwned by the promoter
ConversionConverted to non-agricultural
LitigationDeclared free of litigation
As declared by the promoter at registration — a RERA self-declaration, not an authority's independent finding. A flagged line is worth verifying against the title documents; it is not a verdict.
Price analysisdeclared build cost — not a sale price

₹16.71 Cr declared to build 84 flats. What that works out to:

₹19.89 Lakhdeclared cost per flatall-in — land + construction
₹2,375/sq ftof built-up area₹25,569/sq m
23%of the cost is land₹1,234/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.

04

Planning authority

RERA Karnataka · Approved building plan

Local Planning Authority

Town & Country Planning (DTCP)
approved 28 Dec 2023 · 2 yrs ago
Building Permit no. 31/2023-24Survey no. 132/1a3
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 31/2023-24 on the approving authority’s portal to confirm the sanction.

The approving body, at scale

Local Planning Authority

Town & Country Planning

Has approved 1,518 RERA projectsabout 1 in 6 in Karnataka.

a mixed market42% apartments · 58% plotted layouts.

Builders
1,212
On record
42,750 flats · 54,584 plots
Reach
128 taluks
Since
2017

More layout-heavy than Karnataka overall — 58% plots here vs 38% 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.