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01

Complete project overview

RERA Andhra Pradesh · Registration filing
Units
9 flats
Unit mix
4 × 2BHK · 4 × 3BKH · 1 × CLINIC
Carpet area
70–191 sq m
Floors
5
Land area
362 sq m
Built-up area
1,367 sq m

Timeline

Project startedNov 2023
RERA approvedJan 2024
Proposed completionNov 2026
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
1011st Floor · AKHSHAYA FORTUNECLINIC190.632.932.6561.59257.807.43
2012nd Floor · AKHSHAYA FORTUNE2BHK70.276.764.2230.23111.487.43
2022nd Floor · AKHSHAYA FORTUNE3BKH94.689.485.9436.22146.327.43
3013rd Floor · AKHSHAYA FORTUNE2BHK70.276.764.2230.23111.487.43
3023rd Floor · AKHSHAYA FORTUNE3BKH94.689.485.9436.22146.327.43
4014th Floor · AKHSHAYA FORTUNE2BHK70.276.764.2230.23111.487.43
4024th Floor · AKHSHAYA FORTUNE3BKH94.689.485.9436.22146.327.43
5015th Floor · AKHSHAYA FORTUNE2BHK70.276.764.2230.23111.487.43
5025th Floor · AKHSHAYA FORTUNE3BKH94.689.485.9436.22146.327.43

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

SHRI RAM PROJECTS BY ITS PROPRIETOR RAVANAM RAJA

IndividualPromoter type
Visakhapatnam, Andhra PradeshBased in
5Projects
1City
2023–presentActive
Timelineevery project, start → promised completion
Builder DNAthe whole portfolio, summed
52 homeson the public record across 5 projects
7,915 sq mbuilt-up filed
2,318 sq mland declared
₹32.30 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 Andhra Pradesh · Registration filing
Village
Madhavadhara
Mandal
Visakhapatnam(U)
District
Visakhapatnam
Pincode
530018
What’s nearby
Schools2 schools within 500m · 4 educational institutions within 1km · Kindergarten within 500m
HealthcareHospital 949m away · Clinic within 2km · Pharmacy within 500m
LifestyleNo parks within 2km · Gym or sports centre 339m away · 10+ restaurants and cafes within 1km
ShoppingSupermarket 187m away · Mall 699m away · Bank 287m away
Getting around
Primary road 167 m · Anakapalli - Visakhapatnam - Anandapuram Main RoadRailway line 1.3 kmRailway station 1.4km away (Marripalem)4 bus stops within 500m
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

₹3.82 Cr declared to build 9 flats. What that works out to:

₹42.47 Lakhdeclared cost per flatall-in — land + construction
₹2,598/sq ftof built-up area₹27,964/sq m
50%of the cost is land₹4,890/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
₹67,000/sq ydresidential

₹80,131/sq m · effective Feb 2025 · locality range ₹64,000–₹67,000

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) · GVMC, VISAKHAPATNAM
approved 25 Nov 2023 · 2 yrs ago
Building Permit no. 1086/1692/B/Z5/MUT/2023Survey no. 8/2
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 1086/1692/B/Z5/MUT/2023 on the approving authority’s portal (dtcp.ap.gov.in) to confirm the sanction.

The approving body, at scale

Visakhapatnam

Municipal Corporation

Has approved 1,344 RERA projectsabout 1 in 5 in Andhra Pradesh, more than any other body in the state.

an apartments market87% apartments · 13% plotted layouts. Apartments like yours are this body's core business.

Builders
840
On record
39,785 flats · 20,512 plots
Reach
27 mandals
Since
2009

More apartment-heavy than Andhra Pradesh overall — 87% apartments here vs 74% 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.

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.